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5 Tips to Get The Best Exchange Rate for Your Alicante Property

4 April 2017

23.03.2017

Do you intend to buy a property in Alicante this year? If so, whether you've got your eye on a 4-bedroom new build villa with a swimming pool in Altea for 2.795.000€, or a stunning luxury villa with 5 bedrooms and a gym in Moraira for 1.790.000€, you'll want the best exchange rate.

After all, the stronger the pound, the more euros you'll receive in your Spanish bank account, to buy an Alicante property! With this in mind, how can you ensure you get the highest euro total for your dream villa in Alicante? Well, here are 5 easy tips to get the best exchange rate. Keep them in mind!

1. Exchange currencies with a foreign exchange broker instead of your high street bank.

This is because a foreign exchange broker will get you a far better exchange rate than your high street bank, meaning you'll receive more euros to buy your Alicante property. After all, your high street bank expects you to use them, meaning they offer inferior exchange rates. By contrast, a currency broker is dedicated solely to offering superior exchange rates, so you get more euros!

2. Think about transferring your money to Spain sooner rather than later.

This is because, the sooner you think about transferring your money, the bigger the window you give yourself for the best exchange rate to become available. By contrast, if you wait until the last minute to transfer your money, you'll have to accept whatever exchange rate is available then. So, to get the most euros to buy your dream Alicante property, the early bird catches the worm!

3. Accept a good exchange rate as soon as it becomes available.

When we transfer money, it's tempting to wait as long as we can, to see if the exchange rate goes higher. The thing is though, the foreign exchange market is highly volatile, meaning that it's very difficult to exchange currencies at the "peak". Instead, to ensure you get your desired euro total to buy your ideal Alicante property, exchange currencies as soon as a good exchange rate arises!

4. Ask a currency dealer for guidance about the money transfer process.

To get the best exchange rate to buy your Alicante property, speak to a currency dealer. They'll talk you through the transfer process, and answer your questions, in a friendly, professional manner. Moreover, they'll advise you as to what's currently affecting the exchange rate, so that you're in the best position to buy your euros. This way, you can enjoy your Alicante property!

5. Use Google to keep an eye on the exchange rate.

To find out if the exchange rate is currently favourable, you can use Google. Just enter GBPEUR (pound to euro) into the search engine, and Google will return the latest exchange rate, plus a historical exchange rate table. This way, you can easily see if it's presently a good time to transfer your money from the UK to Spain, to buy your ideal Alicante property, and enjoy fun in the sun!

With these 5 tips in mind, you'll get the highest euro total to buy your Alicante property!

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