Currency exchange

pipelaser

Hi,
I need to convert Pounds Sterling to Euro at some time in the future.
What i have trouble with is the difference between exchange rates, like the decimal you are given for a "pounds to euros" from a google search. And the whole We buy, We sell rate at a currency converters.
Can anyone tell me on the current rate, how many euro will i get for £1000?

Also, what is the best bank facility to use? Post office?

And finally, is the Pound likely to become stronger against the euro in the coming year?

Sorry, im completely clueless,

Thanks a million in advance!:)

The different prices are what is known as the spread.

The bank want to make a profit from the transaction so they will buy currency at one rate and sell it then at a higher rate. The difference is the profit that the bank makes.

The extent of the spread will be (I think) determined by the amount of trade that the bank is doing, and the exchange rate is determined by the amount of people who are trading the currency pair, along with macro fundamentals.

Does that help?

freelancerTax

i have used transfermate.com - much better rates then exchange booths and most banks also