Using Smart Currency Exchange to make all your currency transfers is the first step to making your pounds go further when buying abroad.
SMART people
We talk to Deidre O’Connell from Ireland about her first currency transfer with Smart Currency Exchange.
Tell us about your transfer?
Just last month I transferred €10,000 from Ireland to an account in the UK.
What was the transfer for?
To assist with a deposit on an apartment being purchased by my recently married son.
Who was your Smart trader and how was the service?
James Thorpe – he’s very good at his job! I was really impressed with the service, by its speed, efficiency and competitive rates but most of all by the professional, helpful staff. From first contact there were clear instructions and a step-by-step process, which was easy to follow. Following the transfer I received the paperwork in an easy-to-file distinctive pack. I will use Smart Currency again.
Do have a home abroad?
Yes, an apartment in Marbella. We don’t go there often enough but hope to go more as we get older!
What’s your favourite type of holiday?
One that includes sun, golf, exercise, family and fun!
If you won the lottery on Saturday?
I would close my legal practice, go to work in the Third World for a while and splash out on treats for my family. I would also transfer some money through Smart to England!
What’s your favourite banknote?
The Mexican peso – it shows a picture of real people working!
SMART move
Can you guess how much this idyllic Spanish property costs? The truth is, for too many British people it’s impossible to say. Why? Because fluctuating exchange rates mean typical buyers from the UK don’t know until the day they make a currency transfer how much Sterling they’ll need to exchange to meet the agreed local price of their property.
The current asking price of this three-bedroom villa in Mijas Golf is €400,000. But we thought we’d see how the actual price in Sterling to British buyers changed over the space of a month thanks to exchange rate movements. The result was by a hefty £4,701, and think how much fun you could have with that on the Costa del Sol…
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Date
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€/£ rate (Smart)
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Property price
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Last Thursday (Feb 9)
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1.1872
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£336,927
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February 2
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1.1969
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£334,197
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January 26
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1.1916
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£335,683
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January 9
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1.2040
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£332,226
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Using Smart Currency Exchange to make all your currency transfers is the first step to making your pounds go further when buying abroad – thanks to their bank-beating exchange rates. If you speak to us today, we’ll reveal how a forward contract could help secure the cost of your overseas home in pounds, before you have to pay for it in a foreign currency.
For your free report on how Smart Currency Exchange could save you money when you transfer funds abroad, click here.