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Best € to £ exchange rate for substantial amount

Posted: Sun Jul 31, 2022 3:16pm
11 replies181 views4 members subscribed
Mazza1962

Posts: 41

7 helpful points

Location: Moraira

Joined: 12 Aug 2017

I am about to sell my Spanish property so will need to repatriate my € back to £ UK. Problem is none of the FCA authorised and regulated currency companies advertise their rates, you have to sign up first!! Any advice on rates and charges would be greatly appreciated. Particularly, but not restricted to, Moneycorp, Currencies Direct, OFX, Key Currency.

Thank you

Herefordjack

Posted: Sun Jul 31, 2022 3:30pm

Herefordjack

Super helpful member

Posts: 889

1115 helpful points

Location: Pego

Joined: 18 Dec 2017

Posted: Sun Jul 31, 2022 3:30pm

I suggest you use Wise. They give the current interbank rate and everything is transparent, including interest rate and commission, before you commit yourself.

Rob60

Posted: Sun Jul 31, 2022 4:03pm

Rob60

Helpful member

Posts: 244

316 helpful points

Location: Ontinyent

Joined: 12 Mar 2022

Posted: Sun Jul 31, 2022 4:03pm

I agree with Herefordjack, Wise is the way to go.

Mazza1962

Posted: Sun Jul 31, 2022 4:16pm

Mazza1962

Original Poster

Posts: 41

7 helpful points

Location: Moraira

Joined: 12 Aug 2017

Posted: Sun Jul 31, 2022 4:16pm

Herefordjack wrote on Sun Jul 31, 2022 3:30pm:

I suggest you use Wise. They give the current interbank rate and everything is transparent, including interest rate and commission, before you commit yourself.

Not a provider I’d considered but looks good. Great advice thank you Herefordjack

Mazza1962

Posted: Sun Jul 31, 2022 4:17pm

Mazza1962

Original Poster

Posts: 41

7 helpful points

Location: Moraira

Joined: 12 Aug 2017

Posted: Sun Jul 31, 2022 4:17pm

Rob60 wrote on Sun Jul 31, 2022 4:03pm:

I agree with Herefordjack, Wise is the way to go.

Thank you Rob60, appreciate your help

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DEP003

Posted: Mon Aug 1, 2022 9:37am

DEP003

Helpful member

Posts: 148

104 helpful points

Location: Moraira

Joined: 13 Oct 2021

Posted: Mon Aug 1, 2022 9:37am

Mazza1962 wrote on Sun Jul 31, 2022 4:16pm:

Not a provider I’d considered but looks good. Great advice thank you Herefordjack

Look at Torfx.  They dont charge commission and are currently exchsnging at 1.19 rate

SusanFrost

Posted: Mon Aug 1, 2022 11:37am

Posts: 50

5 helpful points

Location: Moraira

Joined: 30 Aug 2018

Posted: Mon Aug 1, 2022 11:37am

Whatever you do, don't channel your funds through any bank here.  All us expats use Currency Direct in Moraira.  They are brilliant.  We know dozens of friends who have used them.  Completely 100% safe. Go and see Sherrie she manages the office.  She's wonderfully helpful.

Mazza1962

Posted: Mon Aug 1, 2022 3:06pm

Mazza1962

Original Poster

Posts: 41

7 helpful points

Location: Moraira

Joined: 12 Aug 2017

Posted: Mon Aug 1, 2022 3:06pm

SusanFrost wrote on Mon Aug 1, 2022 11:37am:

Whatever you do, don't channel your funds through any bank here.  All us expats use Currency Direct in Moraira.  They are brilliant.  We know dozens of friends who have used them.  Completely 100% safe. Go and see Sherrie she manages the office.  She's wonderfully helpful.

Thanks Susan - had no intention of giving Banco Sabadell my dosh! Rather fortuitously I have just been speaking to Currencies Direct in Javea though so will certainly check out the Moraira branch. Thank you so much for your advice

SusanFrost

Posted: Wed Aug 3, 2022 12:24pm

Posts: 50

5 helpful points

Location: Moraira

Joined: 30 Aug 2018

Posted: Wed Aug 3, 2022 12:24pm

As previously advised to another person asking the exact same question.  Only one company to give you the very best rate and service.  Currencies Direct in Moraira (see the wonderful and knowledgeable Sherri) and Javea.  100 safe.  Dozens of our friends have used them over the years.  Nothing but praise.

peterbild

Posted: Sun Jan 21, 2024 10:04am

Posts: 4

1 helpful points

Location: Moraira

Joined: 30 Mar 2017

Posted: Sun Jan 21, 2024 10:04am

Mazza1962 wrote on Sun Jul 31, 2022 3:16pm:

I am about to sell my Spanish property so will need to repatriate my € back to £ UK. Problem is none of the FCA authorised and regulated currency companies advertise their rates, you have to sign up first!! Any advice on rates and charges would be greatly appreciated. Particularly, but not res...

...tricted to, Moneycorp, Currencies Direct, OFX, Key Currency.

Thank you

I have ujsed TorFX Wise and Currencies Direct. But better rates consistently available from 

 

If I knew your email, i would do a referral and share £50 referral fee with you. You are welcome to use personal messaging as I don't know how to do it, having only used this site to look rather than act. 

Contact Rory Halloran at Smart Currencies and mention Peter Bild as referral partner. Good LUCK.

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