Those rates are fairly standard from banks in Spain and the rest of Europe. However you have to negotiate a deal in Spain by going to the bank and talking with them. You will also need to tie up the capital for a minimum of a year and maximum about 4 years. Interest is either paid annually or at the end of the term and net of tax.
If you are in US Dollars you have to consider where the exchange rate against the Euro is likely to be when you want to repatriate the funds.
I have heard some expert opinion say that the fair value Euro/Dollar rate is €1.24. It’s now around €1.35. Current long term market sentiment is against the Euro due to deflation fears and weak growth in the Eurozone.
Yes, I have been watching the Dollar vs the Euro for a few weeks, and the Euro does not seem to be weakening.
I have been trying also to buy the Euro offline (LOL) and no takers.
I advertized in Craigslist worldwide and no takers. So I just have to wait for the Euro to drop a little.
Thanks again for your info.
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