Having found your dream home abroad you may now be in the position where you will need to transfer and pay for the property in a different currency to your own. The method you choose to change and transfer money and timing can have a huge effect on the price you pay for your property.

Firstly it is important to understand that exchange rates fluctuate daily. For example in the last 6 weeks the exchange rate of the Euro vs. Pound Sterling has dropped from 1.49 to 1.46. On the face of it this may not seem much, but if you are purchasing a 200,000 euro property, the price of the property in pounds sterling will have risen by GBP2,750.

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