Where to get the best exchange rates

[P]

Thought those of you looking to send money to France (from the UK) would be interested in rates that I was quoted yesterday to transfer just over 200,000 euros. The rates were the spot rate and a future date in mid January. The calls to the various organisations were made one after the other - the enquiries took no longer than 15 minutes.

 

The currency dealers are all ‘known’ ones. Currency dealer 1 is essentially Internet based. The phone / internet based bank is a division of a high street bank.

 

I thought the performance of the banks was ‘interesting’.

 

The ‘Difference’ is the increase in cost over the cheapest.

 

Paul

 

6 December		Difference
currency dealer 1		£0
phone / internet based bank		£       115.69
high street bank		£       318.60
currency dealer 2		£       628.90
currency dealer 3		£       696.96
currency dealer 4		£       930.80
Mid January		Difference
phone / internet based bank		£0
currency dealer 3		£       583.65
currency dealer 2		£       730.31
currency dealer 4		£       740.09
currency dealer 1		Did not quote
high street bank		Did not quote