Robin Haynes, MD of Award-winning Currency Index looks back at exchange rates in January 2012 and the headlines likely to be affecting rates in February for buyers of overseas property.For buyers of property in the Eurozone, the ongoing sovereign debt crisis has provided the best exchange rates since October 2010, with the Euro exchange rate improving 0.85% in January after a strong improvement towards the end of 2011. The only currency rate to gain more than the Euro was the US Dollar, where rates improved 1.72% in January.
The recent Eurozone sovereign debt crisis has resulted in the reduction of the value of the single currency, providing overseas property buyers with in fact over 8% more for their money than if they were buying Euros in July last year according to the award-wi...
