Loading...
 

Currency Fluctuations

IT'S ALL ABOUT THE SWINGS!

Currency fluctuations happen far more often than people think.  This can be gradual and over a relatively long period of time, or very sudden and sharp.  Currency swings are driven by a multitude of factors including country specific macro-economics, one off or unforseen events (Brexit, pandemics, weather, wars) or simply the result of trading activity.

Any of which can drastically affect the final price you pay for a yacht as the market may have moved against you during the period from when you signed the purchase contract to the time of stage payments and final balance payment.

It is important to remember that YOPTION$ enable you to protect yourself when the market moves against you and benefit when the market moves in your favour. 

Below are just a few recent examples of major currency fluctuations.

GBP v EUROS

You're holding GBP Sterling and buying a boat in Euros.  

7 major swings of over 5% in periods as short as just 2 months.

If buying a boat for €1,000,000 this would have cost you up to €71,400.

Conversely, our hedging products would have enabled you to take advantage of a gain of €108,000

Screen Shot 2021-01-29 at 11.44.15.png

EUROS v US$

You're holding Euros and buying a boat in US$.

4 times in less than 2 years the currency moves more than 5% against you, costing up to $62,500 on a $1,000,000 boat.

Our hedging products would also have enabled you to make the gain of up to $61,100!

Screen Shot 2021-01-29 at 11.59.53.png

SERVICES AVAILABLE IN ALL MAJOR CURRENCIES

Services available in all major currencies.  Simply contact us for a quotation.