World Realty Search

WHAT IS CURRENCY RISK?

If you are buying a property overseas you will need to exchange your money into the appropriate foreign currency of the country where the property is located. We advise our clients to use professional currency brokerage services that will offer them corporate rates of exchange as well as provide a service designed to take away the stress, hassle and risk involved with these types of currency issues.

The Gray Rider Real Estate Company is pleased to recommend to our clients, the services of HIFX Inc, an international currency brokerage company. HIFX Inc. will make all the important foreign exchange aspects of your international purchase as simple and cost effective as possible. Although it is impossible to forecast currency movements with 100% accuracy, HIFX's views over recent years have consistently been seen by Reuters to be some of the most accurate in the world. Additionally, their analysts appear regularly on CNN, CNBC and Bloomberg business television and are featured in The Wall Street Journal and the Financial Times.

AN EXAMPLE:

A French property priced at €500,000 would have cost $611,200 in early October 2004. By the end of December that same property would have increased in cost to $683,350 due to the change in the exchange rate. That difference works out to $72,100 or an 11.8% increase in less than 3 months. This is a classic example of avoidable currency risk. If the Euros had been purchased or reserved in October through booking a forward contract, the cost would have been fixed and thus the currency risk eliminated. HIFX can lock in a rate of exchange for you and it will cost you nothing.

Would you like more information?

The HIFX service is free for visitors of our web sites and carries no obligation to use their services. To learn more about minimizing your currency risk when purchasing real estate in another country, PLEASE COMPLETE THE SHORT REQUEST FORM, (via a pop up window) BY CLICKING HERE!!!!! ONCE YOU COMPLETE THE FORM YOU WILL BE TAKEN DIRECTLY TO THE HIFX WEBSITE.