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banks exchange rate buffer what % do they use

Discussion in 'Finance & Banking' started by patch, 2nd Sep, 2008.

  1. patch

    patch New Member

    Joined:
    30th Aug, 2008
    Posts:
    1
    Location:
    christchurch nz
    we are kiwi investers with properties in qld our suncorp bank have increased their exchange rate buffer to 20% which means our previous approved preapproval is cancelled so we cannot obtain a loan from this bank.so my question is does anyone no of a lender who uses a smaller buffer than 20%in their exchange rate calculations? thanks in advance patch .