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Will the exchange rate improve by the summer as you are buying a home in Spain and if you wait a few months could it get better?
Wiki User
∙ 9y ago
The exchange rate is a constantly fluctuating beast that is subject to the volatility of the daily market. As foreign currency's competitive value fluctuates against one another - one countries currency has greater purchasing power than another's. For example, those would be home buyers considering the cost of a house in Spain - when purchased with a euro - discovered late in the transaction, generally to their dismay that there is no fixed exchange rate from which to figure and calculate the closing cost in sterling. Primarily because the foreign exchange rate fluctuates multiple times during any day.
Wiki User
∙ 9y ago
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