Experts have advised investors to take advantage of the current strength of the pound by ''forward buying'' property in Florida and elsewhere.

Currency specialists HiFX recently warned people buying property overseas to act quickly to protect themselves from potential currency volatility.

Chris Towner, Senior Economist at HiFX explained: "Whilst holiday makers shouldn''t be too worried about the impact the current volatility will have on their holiday money or the price of their Sangria, those planning to move abroad or buy property overseas should seek advice on how best to protect themselves from foreign exchange risk."

He advised those buying property in Florida and elsewhere to "act now to make the most of current rates".

In particular, HiFX has recommended that property buyers protect themselves by using forward contracts to ''lock into'' current exchange rates.

Essentially this means buying currency now at a favourable rate - and paying for it later.

Mr Towner concluded: "For people planning to emigrate, acting now and securing their new currency could mean gaining valuable extra cash to help them set up their new lives abroad."

At the time of writing, the British pound is worth $2.01.

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