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Converting euros to pounds
#1
I have a large spreadsheet that I need to convert the euros amount to the equivalant in pounds in various places throughout the spreadsheet can anyone tell me the quickest way to do this Anyway, you can use a comparison site such as Monito, fxcompared, etc, entering the currencies and amount to see the relevant best value services. Then phoning them to negotiate a better rate for that amount.At the same time you need to check which of the best ones can accept a euro payment from a UK bank, without you having to send it back to their account in the eurozone. But Barclays are likely to charge you even for sending your euros to another UK account.
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#2
(06-13-2019, 07:18 PM)chimpledfoothill Wrote: I have a large spreadsheet that I need to convert the euros amount to the equivalant in pounds in various places throughout the spreadsheet can anyone tell me the quickest way to do this Anyway, you can use a comparison site such as Monito, fxcompared, etc, entering the currencies and amount to see the relevant best value services. Then phoning them to negotiate a better rate for that amount.At the same time you need to check which of the best ones can accept a euro payment from a UK bank, without you having to send it back to their account in the eurozone. But Barclays are likely to charge you even for sending your euros to another UK account.


I would recommend checking Martin Lewis' impartial Travelmoneymax buyback Section to see which firms offer the best rates. Then contact them to see if you can electronically transfer the Euros to them (top listed Thomas Exchange UK offers this service).
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#3
One of the reasons why we decided to get the money into the UK was that Barclays said that there was no charge to make payments out of the euro account. As it is effectively a current account (but in euros), we would be deemed as paying someone. Which is free.
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#4
(06-13-2019, 07:19 PM)ideallysleary Wrote: One of the reasons why we decided to get the money into the UK was that Barclays said that there was no charge to make payments out of the euro account. As it is effectively a current account (but in euros), we would be deemed as paying someone. Which is free.

I am having a similar problem and I am really not sure whether I can trust the online transfer companies. Please could you let me know who did you use and your thoughts?
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#5
If you have time and you have a bank account at both ends, the cheapest way to carry out such transfers is to learn a bit about foreign exchange and open an account with a foreign exchange dealer. 375 gbp to usd You can practise with a dummy account before entering into real transactions.
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#6
(06-13-2019, 07:20 PM)examplemallet Wrote: If you have time and you have a bank account at both ends, the cheapest way to carry out such transfers is to learn a bit about foreign exchange and open an account with a foreign exchange dealer. You can practise with a dummy account before entering into real transactions.

However we have been advised by friends that picking the right method of transfer can make a big difference to how much of the money we actually end up with. Is a straightforward bank transfer ever the best option? Or are there special money transfer companies or online services which can provide better rates and lower fees?
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