The exchange rate you can get when buying a property abroad is crucial, as it effectively determines how much buying power you have in an overseas market. That is why you should’t rush into buying a property if you have the time to wait to get a better rate. The exchange rate will also have an impact when transferring money overseas. It makes sense to shop around and compare the exchange rates between different money transfer providers. Even a difference of a cent or two in the exchange rate can make a huge difference to the amount of money that arrives to your recipient, especially when you’re dealing in large transfers — as is usually the case when buying property.