{"id":17673,"date":"2022-06-30T06:53:16","date_gmt":"2022-06-30T06:53:16","guid":{"rendered":"https:\/\/lanjaronproperty.com\/?p=17673"},"modified":"2022-06-30T06:53:16","modified_gmt":"2022-06-30T06:53:16","slug":"protect-your-currency-exchange-rate","status":"publish","type":"post","link":"https:\/\/lanjaronproperty.com\/protect-your-currency-exchange-rate\/","title":{"rendered":"4 ways to protect yourself from the ups and downs of exchange rates"},"content":{"rendered":"<p>4 ways to protect yourself from the ups and downs of exchange rates<\/p>\n<p>You don\u2019t need to be an expert to know that exchange rates have been a bit volatile recently \u2013 Coronavirus and Brexit are just two of the reasons things have been a little unsettled. But the good news is there are some simple ways you can protect your own money transfers from these currency ups and downs.  <\/p>\n<p><strong>1. Stay informed<\/strong><br \/>\nBeing able to speak to an experienced currency specialist about when to transfer money is vital. Having someone with in-depth market knowledge, who can keep you up to date on market movements, will give you the peace of mind to make better, more informed decisions. <\/p>\n<p><strong>2. Understand your options<\/strong><br \/>\nTalk to your currency specialist about what you need \u2013 when you make money transfers, who you make them to, how much they are for etc. Then they\u2019ll be able to present the options that are going to work best for you, and you\u2019ll benefit from a completely tailored service. <\/p>\n<p><strong>3. Wait for the right exchange rate<\/strong><br \/>\nUsing an automated service that monitors the market 24\/7 you can agree on a preferred rate in advance with your currency specialist, and only buy your currency when that target rate is reached. This allows you to take advantage of overnight spikes in rates and means you\u2019re not restricted by normal office hours. <\/p>\n<p><strong>4. Secure your exchange rate in advance<\/strong><br \/>\nIf you\u2019re planning ahead and want to know exactly how much money transfers are going to cost you over the next 2 years, you can use a forward contract to buy your currency at a fixed rate now and pay later. <\/p>\n<p>By fixing your exchange rate in advance, you can minimise the risk of any currency movements. Simply buy your currency at a fixed rate, pay a small deposit, and the currency is held for you until you pay the balance in the future. Perfect if you\u2019re paying a deposit on a property and have a balance to pay at a later date.<\/p>\n<p>For more information about currency exchange rates or to arrange protection against fluctuations just get in touch now. Call 0034 643 821 326 or send a Whatsapp message<\/p>\n<p>For more article like this just <a href=\"https:\/\/lanjaronproperty.com\/articles\/\">click here<\/a><br \/>\nAlso don’t forget to visit our<a href=\"https:\/\/www.youtube.com\/channel\/UC8mMFrHJUfnPBhpzZl1l56w\"> YouTube channel for more advice videos on Buying a house in Spain<\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"grDLnq4czB\"><p><a href=\"https:\/\/orgivaproperty.com\/\">Home<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"“Home” — Orgiva Property\" src=\"https:\/\/orgivaproperty.com\/embed\/#?secret=WswdDtPwgH#?secret=grDLnq4czB\" data-secret=\"grDLnq4czB\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><br \/>\n4 ways to protect yourself from the ups and downs of exchange rates<\/p>\n","protected":false},"excerpt":{"rendered":"<p>4 ways to protect yourself from the ups and downs of exchange rates You don\u2019t need to be an expert to know that exchange rates have been a bit volatile recently \u2013 Coronavirus and Brexit are just two of the reasons things have been a little unsettled. But the good news is there are some [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,114,83,84,115],"tags":[191,321,164,206,322],"class_list":["post-17673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advice","category-buying","category-currency-exchange-rates","category-news","category-selling","tag-buying-a-home-in-spain","tag-currency-exchange-rates","tag-lanjaron-property-for-sale","tag-lecrin-valley-property","tag-property-in-orgiva-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 ways to protect yourself from the ups and downs of exchange rates - Lanjar\u00f3n Property<\/title>\n<meta name=\"description\" content=\"The bets ways to protect yourself from currency exchange rate fluctuations. If you do not want to gamble with your money get in touch now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lanjaronproperty.com\/protect-your-currency-exchange-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 ways to protect yourself from the ups and downs of exchange rates - Lanjar\u00f3n Property\" \/>\n<meta property=\"og:description\" content=\"The bets ways to protect yourself from currency exchange rate fluctuations. 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