Foreign Exchange Currencies
Where will I acheive the best foreign currency exchange rates?
I am currently looking to buy a house in spain costing me a little over 200,000 pounds sterling and the currency exchange rate the banks are offering seem to be very poor .Can any one please advise of a better route to me obtaining the best rates out there?
Basically a high street bank will be very unlikely to be able to offer you a good exchange rate as they themselves contract this service out to Currency Exchange Specialists who do this for them. You should really cut out the middleman and go straight to them, as for this kind of sum they will both offer you an attractive rate and NOT charge a fee or commission like a bank will.
Be sure to check at your bank in Spain the cost of receiving your funds in Euros – your bank manager may negotiate on this so be sure to agree something in writing BEFORE you do the deal.
I did a similar transaction a number of years ago and made a number of problems in doing this, so you may want to take a quick look at my account of things on this blog, title “How NOT to buy a House and move to Spain” – http://www.tumbit.com/blogs/775-how-not-to-buy-a-house-and-move-to-spain-pt-1.html
|
|
Currency exchange at an airport Photo Mugs Currency exchange at an airport. Photographedat Heathrow Airport, UK….. |
|
|
Travellers at an airport Photo Mugs Travellers at an airport. Photographed atHeathrow Airport, UK….. |
|
|
How to Master Forex Trading $14.97 In this must see DVD for beginning through intermediate traders Doc Brown covers diverse topics pertinent to trading Forex (aka Foreign Exchange, Currency, Currency Futures). Topics range from basic money management through advanced technical and fundamental analysis. Watch this DVD and ramp up your odds of beating the market! —”Dr. Scott Brown is one of the sharpest guys I know.”-Alex Green… |