Transferring Euros
Author
Discussion

insurance_jon

Original Poster:

4,099 posts

277 months

Monday 26th January 2009
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I've just sold my gaff in spain, and with the euro being so strong I was able to offer a discount (but less than the gains made by the exchange rate). However I haven't transffered a large amount of euros to the UK before, whats the best way to do it to maximise my return?

Olivero

2,157 posts

240 months

Monday 26th January 2009
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I can recommend HIFX. They are a currency broker and can often get the best rates. Otherwise it is worth talking to your bank and see what rate they can do. HSBC and Barclays are both quite good. Ask for closest to spot rate for a larger sum.

martinmac

536 posts

228 months

Monday 26th January 2009
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Used HSBC and got a very good rate.

Steve_T

6,356 posts

303 months

Monday 26th January 2009
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I used World First to do a few transactions of a few k in sized back in '07. Very simple thing to do. I don't know if the high street banks are more competitive with the size of transaction you're talking about, but I found there was a large discrepancy at the level I needed both in terms of the commission/spread paid and the competance in getting things done. Try a few specialists and see what they can do for you.

ShinyAndy

217 posts

293 months

Tuesday 27th January 2009
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I can recommend Moneycorp, I use them for transferring money back to the UK and vice versa. I can put you in touch with someone in Spain and you possibly might get a better deal than just applying direct?

GrifoV8

87 posts

214 months

Wednesday 28th January 2009
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Olivero said:
I can recommend HIFX. They are a currency broker and can often get the best rates. Otherwise it is worth talking to your bank and see what rate they can do. HSBC and Barclays are both quite good. Ask for closest to spot rate for a larger sum.
I can also recommend HIFX

Super Bad

556 posts

243 months

Thursday 29th January 2009
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GrifoV8 said:
Olivero said:
I can recommend HIFX. They are a currency broker and can often get the best rates. Otherwise it is worth talking to your bank and see what rate they can do. HSBC and Barclays are both quite good. Ask for closest to spot rate for a larger sum.
I can also recommend HIFX
+3 HIFX thumbup