Tania had always dreamed of owning a property in Spain and in 2016 she finally made it happen. Having saved €400,000 Tania found the perfect place, but needed the best possible rate to make the most of her budget.
Tania had previously used her bank to make international payments, but found their rates uncompetitive and the transfer fees and charges too expensive.
Following a recommendation from her father, Tania decided to set up an account with Caxton. Tania’s main concern was that Brexit might make the Euro more expensive, meaning an increase in the cost of her property purchase. She needed a favourable exchange rate to ensure she would not lose out as the result of any market fluctuations down the line.
Through her Caxton Account Manager, Tania was able to use a Rate Alert to get live market updates and details of key events that could affect the value of the exchange rate. And although Tania did look at the currency rates online, she felt reassured that Caxton would alert her as soon as the markets became favourable.
Tania also set up a Limit Order, which meant she benefited immediately from any rate movement in the right direction.
Using this proactive approach, the exchange happened very quickly and Tania got the best possible rate. Tania expects to continue to use Caxton over the next few months, and will certainly not be using her bank any time soon!