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Transferwise...Rate Now 1.167...be quick...don't know how long this will last!

Posted: Tue Mar 12, 2019 9:52am
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As it says above...just got 1.167 euro to the £

Posted: Tue Mar 12, 2019 10:35am

ade66

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Posted: Tue Mar 12, 2019 10:35am

thanks for info tony  how much do you have to exchange to get that rate ? and what sort commision is paid

Posted: Tue Mar 12, 2019 11:11am

Tony333

Original Poster

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Posted: Tue Mar 12, 2019 11:11am

I sent £95 the fee was 59p as I transfereed the money from my UK account with Bank Transfer...As I said earlier Not sure how long the rate will last

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Posted: Tue Mar 12, 2019 1:32pm

Movingon

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Posted: Tue Mar 12, 2019 1:32pm

A wise sage once told me that there are two optimum times to buy or sell currency - yesterday and tomorrow - and he was (and is) right.

Example: The spot rate currently stands at 1.16 down from 1.1764 at 23:59 last night, who knows about tomorrow or even in just an hours time  ?

Fretting on the exchange rate is a mugs game and out of those who have to make regular transfers I think you'll find very few who have meaningfully benefited from it in the long run.

In any case one mans Euro gain is the next mans Sterling loss which can make a big difference to anybody going back as were are told hoards are.

Example: After 11 years in France I sold my house at a €35k euro loss but had I been going back to UK I would have made £55k profit !

Posted: Tue Mar 12, 2019 4:29pm

jimtaylor

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Posted: Tue Mar 12, 2019 4:29pm

This post that was quoted has been deleted.

Exactly what I did earlier today, Kim.

Posted: Wed Mar 13, 2019 12:18pm

paulsav

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Posted: Wed Mar 13, 2019 12:18pm

Me too, got 1.1756 2 days ago. I actually tried to secure rate just before that was 1.1789 but it so quickly changed as I reached for my bank details.lol.

Pauline.

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