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Currency transaction

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ggoodwin Joined: 02 Feb 2009 Posts: 1 1.37 Dollars($)	Posted: Mon Feb 02, 2009 1:41 am    Post subject: Currency transaction Like 0 Dislike 0 I live in Poland and have taken out a mortgage in Swiss Francs on an Apartment. This was taken out when the exchange rate was just over 2 Pln/1 CHF. It is now approx 3Pln/1 CHF, so if I sell now ,having an interest only mortgage , my repayment to the mortgage bank would be approx 50% more than when I took it out. Is it possible to mitigate this loss, and also what currency hedging is available on the market, to take out against a further weaking of the Swiss Franc against the Polish zlote. Your reply would be much appreciated
sara Moderator Joined: 05 Jul 2006 Posts: 2694 Location: New Brunswick, New Jersey 496.42 Dollars($)	Posted: Mon Feb 02, 2009 2:45 am    Post subject: Like 0 Dislike 0 Hi ggoodwin, Welcome to the forums. I guess you'll have to talk to your lender in this regard. Since you're paying off the loan, he may allow you to mitigate the loss to some extent. Take Care _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020
Lainey Guest	Posted: Wed Aug 10, 2011 12:14 am    Post subject: GVcQOgndBeKK Like 0 Dislike 0 Yup, that sholud defo do the trick!
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 516 Location: Australia 82.74 Dollars($)	Posted: Wed Aug 10, 2011 1:05 am    Post subject: hi ggoodwin ! Like 0 Dislike 0 It is better to consult for a mortgage broker to help you out on your problem since you really have to discuss the specific details needed to come up with a best solution on your situation. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker

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