One of the most important parts of a successful overseas property purchase is working out your budget and then sticking to it.

Article written by The Overseas Guides Company

Although this sounds very basic, time after time we see people overspend on their budget when by taking just a few simple steps, you could avoid this completely.

So what’s the major problem? The answer – buyers not understanding the impact that moving currencies can have on the money that they want to transfer. Here at the Overseas Guides Company, we frequently see cases of property going up in price almost overnight due to nothing more than adverse currency exchange rate movements.

Fortunately, this type of problem can be easily avoided by enlisting the services of a currency exchange specialist like Smart Currency Exchange. As experts in helping people with overseas property purchases, they can offer you guidance and expert opinion on how to proceed with your purchase. In addition, they can offer a range of services that will guarantee that you stick to your budget.

Once you have set up a completely free of charge account, the traders at Smart will help you to work out an exchange rate that you are happy to trade at and they can set up an Order to Buy which means that you can set an rate that you are happy with and as soon as it hits it, the trader will buy it on your behalf. This means that wherever you are and whatever you are dong, you won’t miss out on the favourable exchange rate.

Another valuable budgeting tool offered by Smart is a Forward Contract. This allows you to lock in a certain exchange rate for a whole year so you will always know exactly how much you can get for your money and won’t be faced with any nasty surprises.

In addition to these services, Smart offers better-than-bank rates that typically result in a saving of 2-4 per cent; they also don’t charge any transaction fees; and as the traders are not being paid commission, they are only working with your best interests at heart.

For more information or to open an account with Smart and start benefiting from bank-beating exchange rates, visit the Currency Zone or download Smart’s free report.