PAYING USD - NEED TO FIND BETTER RATES

[A1]

Hi Guys
I pay all my suppliers USD and im with HSBC business account but im getting pretty poor rates from them. At the moment it fluctuates so much i need to find best possible deal for my GBP in the current climate.

Anyone recommend a good company i can use and send USD to china on a regular basis, who can offer good rates to the GBP?

Thanks

[jamoor]

Problem is, would you trust a 3rd party company with your money?

[A1]

i doubt it but if someone does a similair thing, then im open to recommendations

Thanks

[Horse_Apple]

A1 said:

Hi Guys
I pay all my suppliers USD and im with HSBC business account but im getting pretty poor rates from them. At the moment it fluctuates so much i need to find best possible deal for my GBP in the current climate.

Anyone recommend a good company i can use and send USD to china on a regular basis, who can offer good rates to the GBP?

Thanks

Banks will allways be at the higher cost end.

Call a couple of specialist FX brokers like Cornhill or Halewood and see how their spreads compare on physical delivery.

[thisislife]

I was using HSBC online payments but changed to a FX dealer. The rates change by the minute and the cost of sending funds is ony £5 as opposed to the £20 i think HSBC were charging.

You might want to consider purchasing dollars in the future if the rate picks up to cover yourself against any fall. The rate seems to be going the right way the last week i think its on 1.48 now?

[A1]

Hi
Can you tell me which FX dealer you use?

Thanks

[simon993c2s]

Try Worldwide currencies.I have used them half a dozen times without any problems. worldwidecurrencies.com