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Published byDelphia Mathews Modified over 9 years ago
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11/04/09 It pays to use the experts The risks of currency exchange in an international real estate transaction Stella Giudicelli Business Development Manager Moneycorp, Inc
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Uncompetitive exchange rates Who exchanges currencies for your international clients? Why are your clients offered uncompetitive exchange rates?
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It pays to use the experts 2 Fluctuation of the exchange rates Fluctuation of the exchange rate GBP to USD over the last two months
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It pays to use the experts 3 Fluctuation of the exchange rates GBP / USD – Purchase of a $250,000 property September 11September 26 Exchange rate for GBP 1USD 1.6741USD 1.5768 Amount of GBP necessary GBP 149,334GBP 158,549 Difference in GBPGBP 9,214 Difference in USDUSD 14,530
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Time of transfers from overseas to the US Complains from real estate professionals Who do you talk to?
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Introduction to FX brokers: Competitive exchange rates Buying USD 250,000 HSBCMoneycorp Exchange rate for GBP 1 USD 1.5627USD 1.6480 GBP price GBP 159,980GBP 151,714 Transfer fee GBP 25GBP 15 Total GBP 160,005GBP 151,714 Savings GBP 8,290 USD 13,663 Based on a $250,000 purchase with the comparison carried out on 06/22/09
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Introduction to FX brokers: Assistance with the fluctuation of the rate Guidance Locking of a rate for up to two years True story of a UK buyer Example for a seller
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Introduction to FX brokers: Transfer of the funds Same day transfer Communication with the real estate professionals Assistance for a smooth closing
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Summary & Questions
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