Currency exchange for Spanish purchase

Currency exchange for Spanish purchase

Author
Discussion

FLGirl

Original Poster:

1,177 posts

191 months

Wednesday 26th October 2016
quotequote all
I'm sure I've seen a company recommended on here for this, can anyone help please?

We are buying property in Spain and I believe there are companies to send the currency through that helps maximise the exchange rate you get? This would be particularly helpful given current rates! Recommendations gratefully received.

Thanks in advance

Behemoth

2,105 posts

131 months

Wednesday 26th October 2016
quotequote all
I use Transferwise at least twice a month and have done since 2012/13. Have saved thousands vs trad bank rates. You're welcome to use my invitation link from them: https://transferwise.com/u/f0c6 . I think the first tx is free but there are probably limits.

rdjohn

6,180 posts

195 months

Thursday 27th October 2016
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I have been HIFX since about 2000. Their rates are quite close to Interbank and you can easily put a set amount into someone's overseas account or regular transfers into your own.

As for timing, I have always done this myself and my track record is pretty good, 22nd June was my last transfer, so the next one is going to hurt.

FLGirl

Original Poster:

1,177 posts

191 months

Thursday 27th October 2016
quotequote all
Thanks smile

I'll look into both of those., much appreciated!

VEIGHT

2,362 posts

228 months

Thursday 27th October 2016
quotequote all
I use a great broker at Infinity International. Worth getting a quote for such a large amount.

PM me and I can give you his contacts.

Noblebenn

297 posts

186 months

Thursday 27th October 2016
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Chris Canning Argentex. Looks after lots of Pistonheads members.

Edited by Noblebenn on Thursday 27th October 12:04

FLGirl

Original Poster:

1,177 posts

191 months

Friday 28th October 2016
quotequote all
Wow, lots to follow up, thanks all!

Waiting to see if our offer will be accepted. If so I'll look into all the above mentioned for quotes/fees etc.

Thanks again smile

FrancesC

4 posts

110 months

Monday 31st October 2016
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Can also recommend Chris at Argentex, really friendly and great service.

davidsc

325 posts

152 months

Tuesday 1st November 2016
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I work for a broker, can offer you 0.5% fixed spread.

Message me if you'd like me to help.

FLGirl

Original Poster:

1,177 posts

191 months

Friday 9th December 2016
quotequote all
By way of follow up, I looked into each of the companies mentioned and ended up going with Chris at Argentex.

Absolutely superb service!

Thanks very much to everyone who gave their input.

Assuming the legals all check out, there'll be a build thread eventually (18 acre farm!) smile