Knightsbridge Foreign Exchange: 3 Tips For Canadians Buying Florida Real Estate

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Strictly Private and Confidential
Knightsbridge Foreign Exchange Inc.
Better than bank exchange rates for Canadians
Tips for Canadians Buying Florida Real Estate
www.KnightsbridgeFX.com
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Disclaimer
This presentation is confidential and proprietary
to, and may not be reproduced, disseminated or
referred to, in whole or in part without the
prior written consent of Knightsbridge Foreign
Exchange Inc. (Knightsbridge). This presentation
was prepared exclusively for the benefit and
internal use of the recipient for the purpose of
considering the information contemplated herein.
The information and any analyses contained in
this presentation are taken from, or based upon,
information obtained from the recipient or from
publicly available sources, the completeness and
accuracy of which has not been independently
verified, and cannot be assured by Knightsbridge.
The information and any analyses in these
materials reflect prevailing conditions and views
as of this date, all of which are subject to
change. Knightsbridge does not speculate in
foreign exchange nor does it advise its clients
to speculate in foreign exchange. Knightsbridge
only provides spot transactions for next day
settlement. Knightsbridge does not provide
advice or forward contracts or options or swaps
to its clients, this is only for informational
purposes only. The printed presentation is
incomplete without reference to the oral
presentation or other written materials that
supplement it.
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Currency Exchange Tips for Canadians Buying
Florida Real Estate

• As you start to get closer to closing on your US
  real estate home purchase, you need to develop a
  currency exchange plan. Currency exchange rates
  are volatile. Over the last 2 years (13-15)
  rates have swung 25 and in January 2015 alone
  exchange rates moved 9.
• You can either buy all your US dollar
  requirements as soon as you know you will be
  buying your real estate (early purchase) and
  locking yourself in.
• You can dollar cost average and buy a sizeable
  amount over a few weeks.
• You can wait until the end to see if the rates
  moves in your favor.

Set a Currency Exchange Plan

• Waiting until the very last minute of the closing
  date can cause some problems. First of all,
  currency exchange rates are volatile and you may
  need more money than you think in Canadian
  dollars for the exact amount of US dollars.
• Secondly, sending a wire transfer, if it is your
  first time, should be done a day or two in
  advance, so there are no issues or delays.
• You dont want to be put in a spot where the
  exchange rates move unfavorably and you dont
  have enough Canadian dollars ready for your US
  dollar purchase.

Dont wait until the last minute
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Currency Exchange Tips for Canadians Buying
Florida Real Estate
Bulk Buy Currency

• If you need to buy 200,000 US dollars for your
  US real estate purchase and you know you need
  another 10,000 USD over the next few months,
  bundling this together gets you a better rate
  because you are doing more volume at the same
  time rather than in pieces.
• You get a better exchange rate if you buy it in
  bulk.

Use a Currency Exchange Specialist

• Banks have a near monopoly on the foreign
  exchange industry and as a result they charge
  very high exchange rates, up to 2.
• You can save hundreds if not thousands of dollars
  by using a specialist such as KnightsbridgeFX.com.
  You can get a no-obligation quote and compare.

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Exchange Rate Comparison Why Use KnightsbridgeFX
FX Provider Spread
Royal Bank of Canada (RBC) 2.6
TD Bank 2.6
Scotia Bank 2.8
Bank of Montreal (BMO) 2.6
CIBC 3.3
Desjardins 2.5
HSBC 2.1
   
Knightsbridge Foreign Exchange 0.1-0.5
Exchange rates obtained from publicly available
sources or by calling the bank directly