Where do you exchange your £££?

[Dellboy2006]

I'm looking to buy abroad and was just wondering where anyone could recommend to exchange my sterling...

Well I want to buy abroad and was wondering where would give me the best offer.

Any suggestions?

[Tim]

We used HIFx www.hifx.com and they were great. Fast, efficient and a good exchange rate and no fees.

Highly recommended, however theres so many of them pick one! :shock:

[Dellboy2006]

Thanks, man, appreciate it.

Someone else advised me to go with Money Corp http://www.moneycorp.com/personal/account/ who are offering some kind of deal where you can make free money transfers if you type in the code NOTT and they also charge you zero commission on exchanges.

Anyone else heard of it?

[ABCDiamond]

No matter where you get the rates, do a comparison with another.

eg: Moneycorp currently quote a spot rate of 2.495

another major one currently quotes a spot rate of 2.5001 and 2.5006 depending on whether you are buying or selling.

Assume that the 2.495 rate has no commision, and the 2.5001 rates charges £10
If you exchange less than £5,000 you are better of with the 2.495, but over £5,000 you are better off with the one charging the commision.

In my own case I did some checking around then got my own bank to equal the rates. And if I recall correctly, it was a massive increase on what the bank first offered me :)

[Caledonia]

We used HIFX and found them to be really helpful. They gave us a great rate bu tour frineds used them and had a crappy time. They ended up using Money Corp and didn't have a bad word to say about them.