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Exchanging sterling for Euro’s

Posted: Sun Dec 16, 2018 1:37pm
8 replies185 views8 members subscribed
Crompo

Posts: 12

4 helpful points

Location: Condado de Alhama

Joined: 12 Jul 2018

Can I ask please.

Can anyone advise me on the best but safest option to get the best exchange rates sterling to euros to allow me to buy a property in Spain. I have a Spanish lawyer in place, I have paid a 3k deposit and need to pay the balance of 85k euros. I am nervous of scammers, hence th3 advice request.

Thank you

Dav

Beanie

Posted: Sun Dec 16, 2018 4:24pm

Beanie

Helpful member

Posts: 219

92 helpful points

Location: Sucina

Joined: 5 Aug 2017

Posted: Sun Dec 16, 2018 4:24pm

I used hifx but I think transferwise do better rates

Both are trustworthy 

For day to day stuff check out Revolut, it's rates are awesome 

Roland

Posted: Sun Dec 16, 2018 4:46pm

Roland

Legendary helpful member

Posts: 3519

2581 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Sun Dec 16, 2018 4:46pm

Transferwise.

Good rates, quick, easy to set up & use online.

RMG

Posted: Sun Dec 16, 2018 6:19pm

RMG

Posts: 2

2 helpful points

Location: Fortuna

Joined: 11 Apr 2017

Posted: Sun Dec 16, 2018 6:19pm

I’ve tried a couple of different one’s but TransferWise I find by far the best

Dee22

Posted: Sun Dec 16, 2018 6:53pm

Posts: 39

14 helpful points

Location: Águilas

Joined: 10 Mar 2017

Posted: Sun Dec 16, 2018 6:53pm

We always use Currencies Direct and strongly recommend them for reliability, good rates and personal service.

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Kalli

Posted: Sun Dec 16, 2018 9:41pm

Kalli

Helpful member

Posts: 299

240 helpful points

Location: Cehegín

Joined: 6 Sep 2018

Posted: Sun Dec 16, 2018 9:41pm

When we needed to convert Pounds to Euros for our house purchase in 2005, we were intending to use a currency dealer. My bank (First Direct) said: did I know that they had someone on the trading floor? I didn't. They could match the rate given by the currency dealer so First Direct did the exchange for a very reasonable fee. So, it might be worth asking your UK bank (if you haven't already).

Sunnyspain

Posted: Mon Dec 17, 2018 6:39am

Sunnyspain

Very helpful member

Posts: 1411

980 helpful points

Location: Camposol

Joined: 30 Mar 2018

Posted: Mon Dec 17, 2018 6:39am

I used IFX to purchase the euros to buy our property. You can buy the currency in advance and the rate is locked in. My lawyer received the money from them within an hour. For smaller amounts I use transferwise. Don't use banks as their exchange rates are poor.

Potjoe

Posted: Tue Dec 18, 2018 7:33pm

Posts: 131

29 helpful points

Location: Sucina

Joined: 11 Mar 2018

Posted: Tue Dec 18, 2018 7:33pm

We always use FairFX  all I can say that I cannot find better for Rates .

Anniepannie

Posted: Sun Jan 6, 2019 7:49pm

Posts: 3

Location: Condado de Alhama

Joined: 24 Oct 2018

Posted: Sun Jan 6, 2019 7:49pm

Try Transferwise...we used  them when we bought in November...

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