Iain T Posted November 1, 2004 Share Posted November 1, 2004 We are due to complete B4 20 Dec and so is it worth us fixing for such a short time? We used Foriegn Currencies Direct for the deposit and despite some pretty aggressive sales pitch they did OK - they're offering about 2 cents under the going rate to fix. Any advice or suggestions much appreciated. Link to comment Share on other sites More sharing options...
Iceni Posted November 1, 2004 Share Posted November 1, 2004 Buying forward fixes the price for you in GBP. No-one knows what the spot rate will be on yr completion date, you may win, you may lose - can you afford to take a risk?John p.s. major currency variations can happen in a few days and 7 weeks does not allow much time for recovery if the £ falls Link to comment Share on other sites More sharing options...
Baz Posted November 1, 2004 Share Posted November 1, 2004 I agree with Di's comments, by fixing now, you will at least know 100%your financial position. You must consider that the euro against Pound has gone from 1.51€ in August to todays rate 1.438€. If and I am not recommending this you want to take a chance, you could buy forward 50% of your Euros now and chance the other 50%. Good luck with your purchase.Baz Link to comment Share on other sites More sharing options...
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