Foreign currency

Investing abroad naturally means that you will have to finance your investments in the currency of the country concerned, be it Euros or whatever.

Now, your local bank might be good enough if you just need some spending money for your next holiday abroad. However, when it comes to changing large sums of money into a foreign currency, the far better exchange rates that specialised foreign exchange companies offer you – together with their no-commission policy – will translate into very significant savings.

The reason why these companies can quote extremely favourable foreign exchange rates is simple. Unlike your typical high street bank, they buy foreign currency in bulk and rely on a high turnover of transactions, rather than a high profit margin, from which to derive their income.

Another thing to keep in mind is that the price the developer quotes for your overseas investment property is often subject to foreign exchange fluctuations. This means that you could end up paying thousands more for your investment just because of a small variation in the exchange rate. By dealing with a specialised foreign exchange company, it is possible to buy foreign currency at a pre-established rate up to two years in advance, so that you know up front what your investment will cost.

At Dia Soleado Invest we work with world-renowned foreign exchange companies that can give you up-to-date information on the currency markets and expected rate fluctuations. The personalised service that they provide will help you save potentially thousands on your investment transactions.

Contact us right away to find out how we can help you take your investments to the next level – and beyond!