What is currency fluctuation?
Currency fluctuation is the change in the exchange rate between two currencies over time. Currency fluctuation is relevant to international removals in two ways: the sterling cost of overseas services (destination charges, storage) will vary depending on the exchange rate at the time of payment, and if you are purchasing property or transferring funds overseas, exchange rate movements can significantly affect the real cost of your move.
Also known as: Exchange rate risk, FX risk
PSS Tip: For any substantial international money transfer — particularly a property purchase — use a specialist currency broker rather than your bank. Even a small difference in the exchange rate can represent thousands of pounds on a significant transaction.
