mel73 Posted June 21, 2017 Share Posted June 21, 2017 Hi, I will be selling my UK house shortly and then I will be faced with my next conundrum - changing currency. Can anyone recommend a company that gives good rates on exchange. I would be changing around 500k UK to dollars. All answers appreciated!! Quote Link to comment Share on other sites More sharing options...
Wooba Posted June 21, 2017 Share Posted June 21, 2017 Best rates and fee combination I've seen is transferwise.Sent from my LG-H990 using Tapatalk Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted June 22, 2017 Share Posted June 22, 2017 It would be remiss not to mention Moneycorp, who are one of the sponsors of this forum. John Kinghorn is your go to person! https://www.pomsinoz.com/forum/28-money-transfer-ask-moneycorp/ Best regards. Quote Link to comment Share on other sites More sharing options...
Wirephobia Posted June 22, 2017 Share Posted June 22, 2017 Both MoneyCorp and TorFX have been the best for us.Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
Collie Posted June 22, 2017 Share Posted June 22, 2017 Moneycorp as people have said, Currencyfair and transfermate are others. I used Halo (based in London) and found them very good, no fees and rates fairly close to the interbank rate. With that amount, you may want to do it in a few transfers to try and get the best rates. I know Halo allow you to pick a rate and if/when the market moves to your rate your orders gets executed. Bet you are watching those rates like a hawk, every 1 cent move is worth $5000 to you. Have you opened an AUD account to take the funds? Can open one with any of the big 4 from the UK. My preference is CBA for their excellant online/app banking. Quote Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted June 22, 2017 Share Posted June 22, 2017 Receiving expert guidance on the timing of your money transfer will be very important. There is a range of different ways to buy your currency which can help you maximise the amount of Australian dollars you receive. Based on the current market volatility this is where you will see the biggest benefit of our service. Happy to have a chat - feel free to private message me. Quote Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted June 22, 2017 Share Posted June 22, 2017 It may also be worth mentioning it's a free fee transaction if you use moneycorp and are a forum member, also they will usually price match Quote Link to comment Share on other sites More sharing options...
NicF Posted June 23, 2017 Share Posted June 23, 2017 When we moved we were advised by our Financial advisor to set up accounts with several different Fx places then phone each one to see what rate they would give and play them off against each other. With that amount to transfer you should be able to get a much better rate than the 'usual' rate. In the end we only opened an account with Moneycorp but as we were transferring a large amount we were able to negotiate a better rate than they initially offered. Quote Link to comment Share on other sites More sharing options...
Jack91 Posted June 26, 2017 Share Posted June 26, 2017 HiFX Quote Link to comment Share on other sites More sharing options...
ScottieGirl Posted June 26, 2017 Share Posted June 26, 2017 (edited) With that sort of sum rates and fees aren't really the issue as most companies will match other offers. It's down to who you feel safe with and what sort of service level you want re hedging and timing. Online companies likeTransferwise you do it all yourself. When I moved my house proceeds I wanted a human I could talk to in the event it went wrong. Edited June 26, 2017 by ScottieGirl Quote Link to comment Share on other sites More sharing options...
chall5 Posted June 29, 2017 Share Posted June 29, 2017 Transferwise 1 Quote Link to comment Share on other sites More sharing options...
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