Why FX expertise matters in overseas inheritance
When receiving or distributing assets across borders, foreign exchange (FX) becomes a critical factor. Currency fluctuations can significantly impact the value of inherited wealth, especially when sending large sums of money.
Let’s say you’re inheriting €300,000 from a relative abroad. If the GBP/EUR exchange rate is 1.2133, the value in pounds would be approximately £247,260. But if the rate drops to 1.1413 by the time the funds are transferred, the same inheritance would be worth £262,858 – a difference of over £15,000 due to currency movement alone.
This isn’t a hypothetical scenario. Since January 2025, the GBP/EUR exchange rate has fluctuated between 1.1413 and 1.2133, showing how timing and your approach to foreign exchange can significantly impact the value of inherited wealth.
Telegraph Media Group International Money Transfer, provided by Moneycorp, offers:
- Access to 130+ currencies in 190+ countries
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- Forward contracts* to fix exchange rates for future transfers
- Market orders to target favourable rates
- Dedicated FX managers to guide you through complex transfers
Whether you’re repatriating funds or distributing an estate across borders, FX planning helps preserve value and reduce risk.
