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  • 27-08-2010 10:13pm
    #1
    delllat
    Closed Accounts Posts: 1,388 ✭✭✭


    i am about to invest €50K in a uk company but i need to change the €50K to GBP £
    whats the best way of exchanging it without losing a bomb ?


Comments

  • #2
    bfh
    Registered Users, Registered Users 2 Posts: 7 ✭bfh


    I use transfermate.com regularly and I find them very good - you wont lose anything on the spread.
    What type of business are you going in to by the way?


  • #3
    delllat
    Closed Accounts Posts: 1,388 ✭✭✭delllat


    bfh wrote: »
    I use transfermate.com regularly and I find them very good - you wont lose anything on the spread.
    What type of business are you going in to by the way?



    thank you for that link ,if anyone knows anywhere offering more than £0.82p per euro please post it

    its going to a uk investment company and its going to be managed by them ,its a bit of a gamble but so is everything else :)


  • #4
    Fergal C
    Registered Users, Registered Users 2 Posts: 298 ✭✭Fergal C


    I've priced around for currency conversions in the past and found that the high street banks such as AIB and BOI gave the best rates. When dealing with larger amounts you can sometimes get better rates by speaking to their Dublin / HQ exchange section.


  • #5
    delllat
    Closed Accounts Posts: 1,388 ✭✭✭delllat


    Fergal C wrote: »
    I've priced around for currency conversions in the past and found that the high street banks such as AIB and BOI gave the best rates. When dealing with larger amounts you can sometimes get better rates by speaking to their Dublin / HQ exchange section.


    converting currency the opposite way is so much easier (pounds to euros)

    there are loads of great sites fighting for your business and most of them have no commision and free delivery or transfer of the cash

    there doesnt seem to be nearly as much competition for converting it from euros to pounds


  • #6
    delllat
    Closed Accounts Posts: 1,388 ✭✭✭delllat


    Fergal C wrote: »
    I've priced around for currency conversions in the past and found that the high street banks such as AIB and BOI gave the best rates. When dealing with larger amounts you can sometimes get better rates by speaking to their Dublin / HQ exchange section.


    would a bank thesedays even consider 50k to be a large amount ?


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  • #7
    Fergal C
    Registered Users, Registered Users 2 Posts: 298 ✭✭Fergal C


    delllat wrote: »
    would a bank thesedays even consider 50k to be a large amount ?

    I honestly don't know, when I was doing it (for someone else) it was for a larger amount than that. We did quite a bit of shopping around and the best deal we got was from AIB's foreign exchange desk, which I believe was in the IFSC.


  • #8
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    The rate you see posted up in the bank is the 'tourist' rate. If you ring the forex desk of your own bank they should be able to give you a better rate than that.


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