Case Study - Barbara and Mark's Story

Barbara and Mark's details:

Age: Mark 59
         Barbara 57

Occupation: Yacht Broker
                       School Teacher

Situation:  Barbara and Mark live in Hampshire but Mark is planning to sell his yacht brokerage business and take early retirement.

How we helped Barbara and Mark

• Barbara and Mark own a 4 bedroom home in Hampshire but have decided that when they retire next year they would like to buy a home in Sardinia.
• They want to plan their future carefully so would like to know how many Euros they will have to spend on their new home. Their property in Hampshire is valued at £550,000 and when they sell it they would like to use £350,000 to buy their new home in Sardinia.
• As exchange rates change on a daily basis, they were not confident about the value of house they could buy in Sardinia, and didn’t want to spend more than they could afford. Could they spend €525,000 or only €490,000?
• By telephoning their Relationship Manager they were able to lock in the exchange rate they will receive and plan with confidence how much they can spend on their new property as well as budgeting for the rest of their retirement.

For more information on how we could minimise your foreign exchange risk click here

Once an exchange rate has been booked it is fixed and if you do not proceed with the transaction, you will be liable for any loss incurred to reverse the transaction.

You should be aware of the potential risk of investing in a currency which is not your base currency and the effect any change in exchange rates may have, be it up or down, when converting your returns back to your base currency. The underlying investments may be made in local currencies which are subject to exchange rate fluctuations when converting returns back to the base currency.