When you buy a property in Marbella, you will need to pay for the purchase in euros. If you are transferring money from a sterling account, it is obviously in your interests to try and obtain the very best conversion rate possible. Many people believe that they can obtain the best rate from their banks, but the most competitive rate often lies elsewhere, for example with a specialist foreign currency provider.

You will need to provide details of how much money you are looking to transfer to Spain for your Spanish property purchase, the details of the destination account, and you will then be given the best rate available and asked to transfer the sterling equivalent to the exchange company. You may even be able to specify a rate that you are looking for, and instruct the exchange company to deal only once that rate is reached. In addition, you can order currency for future payments at a pre-determined rate, thereby safeguarding against any future exchange rate fluctuations.