Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Purchasing in foreign Currency

Options
  • 08-01-2008 8:04pm
    #1
    Panel Beater
    Closed Accounts Posts: 3 ✭


    Currently looking to purchase house in Eurozone from U.K. , wondering if anyone would have any suggestions in which would be the best way to hedge my money if im to purchase in euro's in approximately 6 months time.


Comments

  • Options
    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Panel Beater wrote:
    Currently looking to purchase house in Eurozone from U.K. , wondering if anyone would have any suggestions in which would be the best way to hedge my money if im to purchase in euro's in approximately 6 months time.

    Given the current state of Sterling versus the Euro- you'd be almost better off not hedging- its at an alltime low (its almost at .75 at the moment- which is the equivalence of parity for the old Irish pound with Sterling). If you do want to hedge- most brokerage firms offer hedging facilities. Unlike the Sterling zone- where interest rates are thought to have peaked- its highly probable that the Eurozone has say 2 rate rises on the immediate horizon- which would have the dual impact of depressing property prices while possibly further strengthening the single currency. S.


  • Options
    #3
    Victor
    Registered Users Posts: 78,400 ✭✭✭✭Victor


    You could of course buy in the same currency as used in the country where you intend buying. then you just have to worry about the property market and not exchange rates.


Advertisement