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Money exchange

Posted: Mon Apr 16, 2018 12:37pm
6 replies230 views5 members subscribed
Jane44

Posts: 93

18 helpful points

Location: Villamartin

Joined: 1 May 2017

Good morning everyone. Can anybody tell me if the money exchange in la fuente is open at the moment I'm due out on fri and always seem to get a better exchange rate over there 

Peter43

Posted: Mon Apr 16, 2018 3:43pm

Posts: 17

11 helpful points

Location: Los Dolses

Joined: 25 Oct 2017

Posted: Mon Apr 16, 2018 3:43pm

There is one further down by aldi in la zenia rate at the moment is. 1.13.....always open every day except bank holidays

Bex

Posted: Tue Apr 17, 2018 2:37am

Bex

Helpful member

Posts: 223

128 helpful points

Location: Campoamor

Joined: 20 Jan 2017

Posted: Tue Apr 17, 2018 2:37am

Hi. I use XE Money Transfer (online). Their rate is governed by money markets, but I just checked the rate and it was 1.144. They transfer direct to your bank in Spain with no transfer charges. Always top rates and speedy transfer. They are based in UK and very helpful. 

Tony333

Posted: Tue Apr 17, 2018 6:47pm

Posts: 68

39 helpful points

Location: Torrevieja

Joined: 29 Apr 2016

Posted: Tue Apr 17, 2018 6:47pm

I use Transferwise...and have just  got a rate of 1.15.

Tony

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Andrew65

Posted: Tue Apr 17, 2018 10:16pm

Andrew65

Very helpful member

Posts: 728

671 helpful points

Location: La Marina

Joined: 29 Dec 2016

Posted: Tue Apr 17, 2018 10:16pm

Bex wrote on Tue Apr 17, 2018 2:37am:

Hi. I use XE Money Transfer (online). Their rate is governed by money markets, but I just checked the rate and it was 1.144. They transfer direct to your bank in Spain with no transfer charges. Always top rates and speedy transfer. They are based in UK and very helpful. 

To quote xe.com. 

ie the rate they quote will not be the rate you get when you make a transfer as not available to consumer clients.

British Pound1 GBP = 1.15506 EUREuro1 EUR = 0.865759 GBP

2018-04-17 20:04 UTCAll figures are based on live mid-market rates. These rates are not available to consumer clients

Bex

Posted: Wed Apr 18, 2018 1:55am

Bex

Helpful member

Posts: 223

128 helpful points

Location: Campoamor

Joined: 20 Jan 2017

Posted: Wed Apr 18, 2018 1:55am

1.144 was the rate I exchanged at. The mid market rate was higher. 

Tony333

Posted: Wed Apr 18, 2018 8:24am

Posts: 68

39 helpful points

Location: Torrevieja

Joined: 29 Apr 2016

Posted: Wed Apr 18, 2018 8:24am

With TransferWise  i transfer to my Spanish bank account and go from there. Because they charge a small fee they actually give the mid market rate.

The fee is not large and can be minimised by paying them by bank transfer/faster payments. You can pay by debit card but they charge a higher fee on that.

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