Brokers also offer
the option of a ‘forward contract’, where you can
book the Euro purchase up to two years in advance at the current
rate by making a small deposit. This can be very useful for those
investors who have staged payments to pay, such as when buying
a property which is in the process of being renovated or buying
off plan, as it removes the risk of currency fluctuations.
They can also save you
money when you are making smaller regular payments between currencies.