Don't let the fancy charts in this post distract you.
We're really talking about three simple things:
We're really talking about three simple things:
- Delighting your clients and saving them money
- Keeping deals together
- Earning commissions
In today's market we're seeing quite a bit of volatility in the exchange rates between currencies. The chart above shows the daily EUR/USD rate for the last 90 days. The numbers on the vertical axis show what one Euro will "buy" in dollars.
Right now that's about $1.25 for one Euro, but sixty days ago the Euro was getting about $1.40. That's a difference of $0.15.
"So what?" you say... If you are buying or selling internationally and your transaction involves a currency exchange, this can be a big deal. Let's say you have a European buyer buying an $800k home here in the States. He first looked at it 60 days ago and he is ready to close today. Let's assume he is getting exchange rates close to those shown in the chart above.
With no change in the sale price, that home is going to cost him €68,571 more today. Ouch! Obviously timing and exchange rates can make a big difference--even make or break a deal.
With that in mind, we are pleased to announce a partnership with Moneycorp.
In today's volatile markets, the right exchange services are more important than ever. Moneycorp can help your clients get the best rates and protect them against adverse currency movements by locking in rates for up to two years.
Our partnership with Moneycorp enables you or your company to offer Moneycorp's foreign exchange service to any of your clients who may need to make international money transfers or require currency services.
- If you have clients from abroad who wish to purchase or sell property in the U.S...
- If you have U.S. clients who are buying or selling abroad...
- If you have contacts who conduct business internationally...
- If you have clients who are moving assets internationally...
For more information see the Moneycorp page in the Members Only section of our website. Or, contact Stella Giudicelli (account manager for our members) at +1 (407) 352-5890.
