More than you might think. The timing of when to buy or
sell currency is at the heart of every foreign exchange
transaction and with property deals taking anything up
to 18 months and beyond, control and understanding is
the key to success.
Most people identify with foreign exchange through the
buying of holiday money, however, this bears little
relation to the bulk buying of currency for a property
The annual buying of holiday money provides scant
opportunity to identify with the speed exchange move,
nor the ranges within which they trade. This is often
the most surprising aspect of foreign exchange for those
unfamiliar with the markets. However, when understood
and correctly harnessed, exchange rate volatility and
near 24 hour, 7 day a week trading opportunities can
present excellent opportunities to save you money.
Conversely, anyone choosing to ignore the market will
either fail to make the most of these opportunities, or
at worst will find the cost of their property escalate
beyond their budget.