EU Brexit for Expats: Exchange Rates Can go Down as Well as Up

EU Brexit for Expats: Exchange Rates Can go Down as Well as Up

Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad

EU Brexit for Expats means the UK needs to stimulate the economy and the a lower exchange rates is the main tool at the UK government's disposal. Exchange Rates Can Go Down as Well as Up

Lower Sterling Exchange Rates Means Change for Expats and a New approach:

CONTACT US

Sterling purchase with Euro is cheaper

£1:€1.30

£1000=€1300

€1000=£769      

Euro purchase with Sterling more expensive

£1:€1.17

£1000=€1170

€1000=£854

ProACT Top 5 Currency Saving Tips for Expats:

1.    If you have Euro in excess use it for major purchases in GBP.  Hold on to GBP.

2.    Spend Euro for income while holding onto GBP until rates settle and the future is clearer.

3.    Consider ‘buying’ Euro options for a future higher exchange rate

4.    If you sell in Euro and Buy in GBP you are better off.

5.    If your Euro Overseas Property is valued in Euro and your Investments & Pension in GBP 50:50: then you are no worse off when exchange rates go up and down.

CONTACT US

Stay Calm and Carry On Exchanging Currency

Forget the headlines. Exchange rates go up and down but on average they don't change much. 

CONTACT US

ProACT Partnership Expat Experts offer Free Reviews  and Newsletters in the coming months to follow the latest developments and implications for Expats Living and Working Abroad or investing in overseas property. Alternatively we continue to offer a free review for expats.

Register for Up - Contact Us for Free Review

Share this email with a friend for them to register their interest in EU Brexit for Expats

Register and subscribe to our free newsletters click here

Read the Full Article EU Brexit for Expats

Further Updates can be viewed at ProACT Expat Expert Blog - Click Here

We offer a Free Review on issues arising from this article CONTACT US

If the article is helpful, please read more at www.proactpartnership.com/blog , along with other articles for Expats Living and Working Abroad.

Thank You                                       CONTACT US

Sam Orgill,
ProACT Partnership - Expatriate Advice - Tax Saving Expat Experts

Email: info@proactpartnership.com
Tel: +357 26 819 424
Tel: +44 1753 27 2116
www.proactpartnership.com/contact-us