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Posted February 24th, 2011 by Charles Purdy

What is an Order to Buy?

 

An ‘Order to Buy’ will allow your Smart Trader to buy currency on your behalf when an exchange rate hits a designated rate.

For example:

Sue had aspirations for some top end white goods for her new overseas property. Unfortunately an unforeseen bill gobbled up most of her budget. She desperately needed a bit more money and wondered if she should hold off and move a large sum of money overseas later rather than sooner. Her hope was that she could wait until the rates improved a bit and increase the value of her sterling.

As Sue was told – no one can predict what’s going to happen in the markets. Holding off on a currency purchase is a gamble, however the Smart Trader explained that market analysts predicted that the rates might bump up in the next week or two.

Sue instructed her Smart Trader to buy euros if the rate hit €1.16 to the £1. During Sue’s initial discussions the rate was closer to €1.10 to the £1 and an increase of 5% would give her €6,000 more euros than if she purchased the money now. Within a month the rate was reached and Sue was able to afford those top white goods!

To find out more about an ‘Order to Buy,’ or any other payment options, please call Smart Currency on our free phone number 0808 163 0102 (free phone) or Apply Online at http://www.smartcurrencyexchange.com/applyOnline.aspx

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Posted February 17th, 2011 by Charles Purdy

Selling Property Abroad – how to save money

It’s quite simple really. When you buy a property in the UK you know exactly how much you will need to pay for the property in sterling and, as such, you can plan accordingly.   If you are buying a property abroad you will be paying in another currency, which means changing your sterling at  Continue Reading…

Posted February 10th, 2011 by Charles Purdy

Currency – Get Smart

Just looking through the channel 4 Place in the Sun article I saw this statement…   Would you buy a home in the UK if you knew the price you were paying for it could rise – or fall – at any time, even after your offer had been accepted? The obvious answer is “No”.  Continue Reading…

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