BUYING LUXURY GOODS IS A MOMENT TO BE SAVOURED
Britain’s wealthy consumers have always enjoyed venturing abroad in the search for luxury goods and assets. Whether you’re buying a boat on the Med, pearls in Paris or a classic car in Cologne, there’s often better value to be found outside the UK. Such purchases may be the realisation of a life-long dream or a canny investment to balance a portfolio. Either way, buying and selling luxury goods abroad requires a degree of planning to ensure any savings aren’t lost in unforeseen charges and fees.
THE SMART WAY TO PAY
In any high value purchase there are a number of things that could derail the deal. A further level of complication is added in the form of currency conversion. Political and economic uncertainty makes foreign exchange transactions an unpredictable and potentially costly exercise.
CURRENCY SOLUTIONS FOR GREATER FLEXIBILITY
Spot contracts allow you to secure today’s great rate for use tomorrow, while forward contracts allow the flexibility to secure the best rate with a deposit with a view to paying the balance when the currency is needed.