FOREIGN EXCHANGE (FX) CONSIDERATIONS
Buying a home is a large financial commitment and it is important to understand how much foreign currency you require at the start of the property purchase process, including local legal fees and associated property costs. Even a small fluctuation in exchange rates can have a significant impact on your budget if not considered carefully and with the advice of an FX expert.
As well as securing the best available exchange rate, it is important to bear in mind the impact of market volatility on your international transfer, and the currency fluctuations caused by global events including political changes, economic updates and business news.
Additionally, if you will need to frequently transfer large sums abroad to make mortgage or rental payments, seeking the advice of an expert FX broker is essential in helping you look at ways to reduce your exposure, such as fixing a more competitive exchange rate which can make a significant difference to how much foreign currency you receive.
ENNESS AND ARGENTEX PARTNERSHIP
To cater for the unique requirements of clients needing funding across global portfolios, Enness has an exclusive partnership with a market leading foreign exchange specialist, Argentex. Our relationship further enhances our ability to offer clients a completely bespoke and holistic service when buying or selling currency.
With the backing of its parent company, Pacific Investments, and its advisory board, chaired by Lord Digby Jones, Argentex is able to capitalise on this liquidity source in order to achieve a significantly better rate than other small retail FX brokers. The deliverable FX specialist provides a tailored advisory and execution service to its international client base and shares our desire for ensuring security of funds, functional efficiency and commercial competitiveness.
Argentex takes a view of a client’s entire wealth and its bespoke service is in line with how we look after our clients. Argentex shares our key objective to support and expand clients’ portfolios and assets, as well as growing their personal and business interests and investments globally.