The evenings are short and sun-tans, ice-cream and days on the beach feel like a distant memory. If the drizzly winter is starting to get you down, it might be time to buy that holiday home you’ve always dreamed of.

Brexit or no Brexit, Spain remains one of the most enduringly popular destinations for Brits looking to buy a slice of sun overseas. 

The land of haciendas and siestas, sun-drenched coastlines and lazy afternoons sipping sangria to the soothing chorus of cicadas… Spain has a lot to recommend it. 

But while soaking up the romance of a move to Spain is all well and good, there are, of course, some practicalities to consider. After all, you want your bank account to look as healthy as your tan.

Purchasing that holiday home means exchanging your Pounds for Euros, and when you’re moving significant sums you can’t just turn to the Bureau De Change. 

Your local high street bank will make the necessary transfers for you, but most will charge fees and fail to offer a competitive exchange rate. 

Looking to transfer your currency? Get a quote here to work out how much you have – the answer may surprise you.

Let’s say you find your perfect Spanish property when the GBP/EUR exchange rate is 1.10 (meaning you receive 1.10 Euros for every £1) and the property is priced at 180,000 Euros.

At this time your purchase will cost £163,636. But as you make arrangements to transfer the money from your UK account the GBP/EUR exchange rate drops to 1.07. Suddenly the price of your overseas purchase has jumped to £168,224. This seemingly small fluctuation in the exchange rate would add over £4000 to the cost of your new home. 

When it comes to saving serious money, an international money transfer provider, or currency broker, offers a range of options.

Unlike banks, most brokers work on a fee-free-basis so if you choose the right provider you’ve already made a saving. Moreover, they care about getting you the best exchange rate for your transfer.

If you’re not in a rush to move your money it pays to stay up to date with the latest news and time your transfer effectively. A currency provider will send you regular daily, weekly and monthly updates, outlining current market movements and analysing forecasts for future rate changes.

Using their formidable knowledge of the way currency markets operate, the main influences likely to exert pressure on specific currency pairings and the way economic events, political turmoil and central bank changes can affect exchange rates, the provider can give you the insights you need to make an informed decision.

While you would miss out if the market improved, you’d be protected if the exchange rate suddenly dropped.

Torfx offers excellent exchange rates – you can sign up here.

These measures are designed to help you swap volatility for predictability and protect your wallet from the capricious swings and roundabouts of the currency market. 

Taking the time to explore your transfer options could help you make serious savings on the purchase of your property – leaving you with more to spend on your holidays. 

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