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May 10, 2012

Cashing in overseas assets? Get the best rate

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Written by: admin

If you’re lucky enough to have money in overseas assets, you might be thinking about cashing them in at the moment. Economic conditions in the UK will have many people looking to free-up more cash, while conditions elsewhere may have some worrying about the safety of their investments.

The eurozone crisis continues to rumble along, with the single currency losing value against the pound and the US dollar. Persistent indecision over the future of Greece’s debt was thrown into further turmoil earlier this month after the election of new president Francois Hollande, who has promised to fight for a new debt deal for the eurozone. Now, British prime minister David Cameron is warning that the eurozone is running out of time before it will have to break up the single currency, amid fears over the knock-on effect it is having throughout the global economy.

With all this going on, anyone with investments on the continent will no doubt be concerned about their value. If you’re thinking of bringing money back to the UK, however, you need to keep a close eye on the exchange rates as volatility in the wider economies make them fluctuate from day to day. Here, it pays to check in with a currency exchange specialist to ensure you make the trade at the right time.

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