Hedging for one off events or regular flows

Buying or selling an overseas property, business or other large ticket item leaves you at the mercy of the foreign exchange markets if you are unprepared.

It’s not uncommon to see moves of 10% over a six month period and recent events have proved that leaving exchange rates to chance can cost you dearly. For a UK based buyer a €300,000 property that exchanged on the 31st of May 2016 for an October completion would have cost £42,000 extra if the rate was not fixed upfront.  In just over 4 months we saw the rate drop from 1.31 to 1.10. A lot of that drop was in one night.

You can avoid outcomes of that sort by hedging.

This means that you fix the rate in advance, removing the risk of it going against you.  You can do this for one off events or if you have regular overseas income or expenditure. It’s free to do and we will guide you through the entire process step by step.

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