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.
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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Ebury Partners UK Limited is registered with the Information Commissioner's Office, with registration number: ZA345828.
Fintuitive Ltd is a company registered in England and Wales (registered no. 11348837).
Registered office: Beaver House, Hythe bridge Street, Oxford OX1 2EP.
Fintuitive Limited is registered with the Information Commissioner's Office, with registration number A8395275.
Some of Fintuitive Ltd’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited.
Fintuitive Ltd is partnered with Ebury Partners UK Limited as a Programme Manager.
Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Financial Services Register No. 900797).
Currency Exchange services for Fintuitive limited are also provided by Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199.