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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.

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Presentation on theme: "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."— Presentation transcript:

1 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

2 Uncompetitive exchange rates Who exchanges currencies for your international clients? Why are your clients offered uncompetitive exchange rates?

3 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

4 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

5 Time of transfers from overseas to the US Complains from real estate professionals Who do you talk to?

6 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

7 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

8 Introduction to FX brokers: Transfer of the funds Same day transfer Communication with the real estate professionals Assistance for a smooth closing

9 Summary & Questions


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