Foreign currency credit - in Austria Top - in Germany flop?

Variable money market rate set EUR in the comparison to the CHF (openPR) - in Germany it can last no longer for a long time, until construction financings are taken up also here in a foreign currency. „Plan calculations “illustrate that with this model much money can be saved. Up to 40% saving are possible compared with a conventional financing in euro.

Our neighbours in the alpine republic are apparently a Völkchen, which understands it to weigh chances and risks against each other. Already for 10 years the topic foreign currency credit is salonable in all mouth and „“. Naturally the spirit separates also here: On the one hand repelling gestures and call are to be heard after caution, on the other hand one a large interest exists with persons, who argue consciously with the topic finances and apply a certain feeling for market movements.

In Germany the topic is still stiefmütterlich treated. This is probably because of that to insufficient offer on the part of the banks and the financing mediator. Some few ensure in the Lands of the Federal Republic Bavaria and Baden-Wuerttemberg for the fact that the word does not remain stranger „foreign currency credit “„“term. The only offerer with a country wide net at experts is the FXFIN GmbH from Munich.

Our neighbours in Austria go the risks - which arise from course and interest fluctuations -, there the chances to gain from these market changes of profits fifty fifty to stand. The most important point of attraction exists without a doubt in the lower Zinsniveau, how this is present in Swiss Franconia and in the Japanese Yen.

The Chart illustrates this clearly. It compares the variable money market rate set of the EUR and that one of the CHF. In the period of February 2002 until December 2006 the difference between 1,35 and 2,6 per cent points amounted to. That is, that the two variable interest rates at least 1.35% and maximally 2.6% were from each other distant.

If an owner would have taken up 200,000 EUR, then this would nevertheless be with an interest difference of on the average 1.5% in only 10 years 30,000 EUR more in the purse.

If the EUR at the money market was to be had around 2,3% in October 2003, then the bank CHF bought around 0,5%. Since November 2005 the development of the interest rates shows upward. In December 2006 if the EUR on one climbed „purchase price “from 3,8%, we move with the CHF with 2,2%. Those are nevertheless still more than one third less.

Whether Germany for this model is open, must still show up. In Austria these credits are offered quasi „more over the more counter “. Good and easily understandable information and qualified consultation as well as an appropriate credit control are available over FXFIN now also in Germany. This is finally a condition for a successful and enriching trip into the credit world à la Austria.

PR MarCom
Melanie Hessler
Middle course 25 A
D - 20148 Hamburg
T: +49 40 500,175 75
E: presse@fxfin.de

I: www.pr-marcom.de

FXFIN GmbH
Likes. Claudia Hufnagl
Terminal route center 18
D - 85356 Munich
T: +49 89 38 16 84 700
F: +49 89 38 16 84 709
E: claudia.hufnagl@fxfin.de
I: www.fxfin.de

FXFIN - We machen's possible!

The FXFIN GmbH is since 2003 the independent expert for foreign currency credits in Germany. In at present 14 representative offices with 21 experts FXFIN partner cares for its customers personally and informs competently about risks & chances of this credit form. Professional credit management on basis of the FXIRIS monitoring software supplements the FXFIN of financing concepts „classically “& „synthetically “in ideal way. This credit control ensures greatest possible transparency - both for the customer and the advisor. In Austria foreign currency credits are for many years already like. One of three credits is assigned in the neighboring country in a foreign currency.

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