Sat Worldwide

Call: +44 (0)1491 577550

Email: enquiries@satworldwide.co.uk

Selling Euros

The currency markets, notorious for their sheer size and volatility, have become more and more volatile since the UK General Election as concerns over debt levels in the Eurozone continue. With the volatility there are opportunities for buyers and sellers but also risk.

On the 6^th May 2010, the Sterling v Euro exchange rate hit an 11-month high of £/€ 1.1862, only to fall to £/€ 1.1356 on the 7^th May, a difference of over 5 cents in less than 24 hours.

If you were looking to sell Euro’s from the sale of a French property for example, the volatility can make the decision when to sell your currency almost impossible. If you had sold Euro’s during the afternoon of the 6^th May you would have received £127,118 from the sale of €150,000 at a rate of £/€ 1.18 compared to £132,743 at a rate of £/€ 1.13 on the morning of 7^th May.

That is an extra £5,625 in a little over 12 hours but how do you decide when is the right time to sell Euros? When the markets are this volatile many people would have sold Euro’s at £/€ 1.18 because they were worried the market would continue to go higher.

At SAT Worldwide, your experienced account manager will act as your eye’s and ear’s in the market, advising you of market movements and market trends so that you can make the most informed decision about when to trade your currency. When the time is right, you will receive an excellent exchange rate at no cost to save you money compared to transferring money through a UK bank.

Buying Euros | Selling Euros | Buying US Dollars | Selling US Dollars | Overseas Mortgage Payments
Foreign Currency Exchange Broker | Foreign Currency Dealers | Foreign Currency Exchange Transfers

Conceived with Ambition