Today's Exchange Rates
| Buy | Sell | |||
| EUR |  |
1.267 | 1.168 |  |
| USD |  |
1.619 | 1.493 | |
| AUD |  |
1.788 | 1.618 | |
| CAD |  |
1.695 | 1.527 | |
| TRY |  |
2.501 | 2.223 | |
| CSK |  |
31.483 | 28.11 | |
| CHF |  |
1.667 | 1.488 | |
| ZAR |  |
11.895 | 10.573 | |
Dawson & Sanderson opened its 1st foreign exchange bureau in 1997. Currently there are 19 bureaux + 2 travel shops that sell foreign exchange as satellites of existing bureau. Offices can be found in the North East of England, Cumbria and Yorkshire.
A number of foreign exchange services are available, ranging from holiday currency and travellers cheques plus International Bank transfers and Western Union Money transfers.
Special Offers Email
Forex - Buying Property Abroad
Buying property abroad is a big investment and for many it can be an investment too far. If you do not determine your costs up front you can end up stretching your budget that little bit too far.
When ready to proceed, we recommend you fix your exchange rate by buying forward. It may sound complicated but don't worry we will help you through the process.
Unless you are prepared to let the cost of your property rise don't gamble on the exchange rate, it may go against you and end up costing you thousands.
For example:
If you agree to buy a property today at €200,000 and the prevailing exchange rate is 1.10 to the pound, you know the property is currently costing you £181,818.
You may not be exchanging final contracts for several months, so will the exchange rate have risen or fallen by then? Nobody knows, there are too many influencing factors. The only thing certain is the exchange rate will fluctuate.
Assume the rate improves to 1.15 the property cost is now only £173,913 and you have saved £7,905.
If you have only a limited amount of money to invest in your property this additional cost could make it difficult for you to complete the deal.
If you fix the rate, your plans are secure as the cost never alters, furthermore you only need a small deposit to secure the exchange rate, the rest is payable when you transfer your money.
Do you need a mortgage to help buy your overseas property? We can help.
