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Did you appreciate currency risks before the ongoing economic downturn kicked in?

  1. Yes

    10 vote(s)
    58.8%
  2. No

    5 vote(s)
    29.4%
  3. Not sure

    2 vote(s)
    11.8%
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Has the worldwide economic downturn opened your eyes to currency risks?

Discussion in 'Buying Overseas Property' started by Nicholas Wallwork, Feb 15, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    Over the last few months we have seen some fairly extreme movements in the currency markets with currencies such as the UK pound coming under extreme selling pressure. This has reduced the international buying power of UK based property investors but made the UK property market look more attractive to overseas investors.

    However, did you really appreciate currency risks before the ongoing economic downturn kicked in?
     
  2. Damian George

    Damian George New Member

    However, did you really appreciate currency risks

    it is a shame that so many people have realised that a currency broker could have helped them rather than think we were just sales men out for ourselves!

    had most people used the hedging facilities they would have locked in rates in the region of 2.000 against the us dollar and 1.4000 against the euro.

    Personally though i think not many people wil learn that much as greed always clouds most peoples judgement

    my 2 cents
     
  3. BartS

    BartS New Member

    Before you wouldn't be looking at CCY as a big risk as they were quite stabile, now I would be pretty carefull with investing in CCY in which I dont; earn:)
     
  4. Journals009

    Journals009 New Member

    Worldwide Economic Downturn

    World Economic Downturn is almost over , there are lot of things improving

    * Economic Turnover in Western Countries

    * Global Market Recovery

    * New Job Opportunities
     
    Last edited: Jan 21, 2010
  5. Peterbiv

    Peterbiv New Member

    I definitely appreciate the currency risks, but I agree with the previous poster that there is an enormous change in the value of money and property.
     
  6. Mikeyv

    Mikeyv New Member

    do you think if we were in the Euro we would come out better from these currency fluctations ????
     
  7. andyphillip

    andyphillip New Member

    I think it is hard to know when the property market will improve, I think we will see a gradual improvement over a long period of time rather than something you will notice over night I think we are currently hearing positive things about property sellings and prices rising which is good news but I would imagine we will get to a certain point where we will level out for a little bit and then it will need to be reassessed again
     
  8. Lisa Parker

    Lisa Parker New Member

    Fluctuation of currencies should always be considered as one of the main factor. It has a great effect to the true value of every property. A listing may say that a particular property is priced GBP something, but if it's location makes it unavoidable to deal with local currency in that area, the local currencies value and fluctuations play a great role.
     
  9. mrtmaster

    mrtmaster New Member

    the currencies amount changing day by day is getting trickier
     
  10. PureFX

    PureFX New Member

    That's an odd question! I don't think anyone anticipated either the scale of the economic downturn nor the impact it's add. Given this it's inevitable that people are more aware of currency fluctuations.
     
  11. Arcachon

    Arcachon New Member

    The Grasshopper and the Ants
    In a field one summer's day a grasshopper was hopping about, chirping and singing to its heart's content. A group of ants walked by, grunting as they struggled to carry plump kernels of corn.
    "Where are you going with those heavy things?" asked the grasshopper.
    Without stopping, the first ant replied, "To our ant hill. This is the third kernel I've delivered today."
    "Why not come and sing with me," teased the grasshopper, "instead of working so hard?"

    The Ants and the Grasshopper

    Guess who is the ant and who is the Grasshopper.

    Who do you think have Currency risk, the ant or the Grasshopper.
     
    Last edited: Jan 9, 2011
  12. While the dollar and Euro are falling, why do people keep tending to think that now it a horrible time for investing in real estate? On thing that should be of note, every form of wealth goes through cycles. Gold,silver, stocks and yes real estate have a rise and fall, but at the end of the day its cyclic. What we need to start looking at is generational trends.

    I know that in the US, the timing is getting strong for first time home buyers and family planning. With the median age of 27+ increasing, people are looking for first time homes. Bread and butter homes are quickly coming in demand. With the current credit situation in the US, are we not primed for those with the ability to acquire and rent? My thoughts are absolutely.
     
  13. Janette Guenien

    Janette Guenien New Member

    When the Dollar and Euro are turning down, there are lot of other currency are turning up in value and gives hope to other nations.
     
  14. Cosmo

    Cosmo New Member

    Hi,
    I think we will see a gradual improvement over a long period of time rather than something you will notice over night I think we are currently hearing positive things about property sellings and prices rising which is good news but I would imagine we will get to a certain point where we will level out for a little bit and then it will need to be reassed again..
     
  15. Yaaaa

    Yaaaa New Member

    There is this "Happy Hour" currency exchange rate thing on facebook. They say that they offer mid-market rate for one hour, next week I think. Type in RationalFX on facebook. Is this for real? Can normal person get such a rate?
     
  16. Damian George

    Damian George New Member

    Cheap marketing ploy. We often quote against similar "deals" and strangely the client finds they disappear or the Market has moved strangely against them.

    The first one is free once your hooked you pay
     
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