TorFX

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Old Apr 28th 2017, 3:58 pm
  #16  
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Default Re: TorFX

Originally Posted by Knoxy_UK
It depends on the daily exchange rate, or the minute by minute (depends on provider)
But surely £400 would get a better rate than £100? If so comparing apples and pears is pointless.

However it's reassuring that there are several diferent options, and as an earlier peep suggested, having more than one provider allows you to find the best deal for your needs at the time.
Yes I think Transferwise is better for smallish amount (above 200 to thousands) as it gives the same rate no matter how much you transfer.
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Old Apr 29th 2017, 8:23 am
  #17  
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Default Re: TorFX

Originally Posted by Knoxy_UK
It depends on the daily exchange rate, or the minute by minute (depends on provider)
But surely £400 would get a better rate than £100? If so comparing apples and pears is pointless.

However it's reassuring that there are several diferent options, and as an earlier peep suggested, having more than one provider allows you to find the best deal for your needs at the time.
I agree it is good there are several options, and ones that are automated and easy to use for small transactions where the difference in exchange rates don't justify the time involved in getting quotes. And besides the actual rate, the speed of transfer , and the ease of use, as well as comfort in the reliability of the from another factor.

My experience is that rates fluctuate all the time, and rarely does even the same firm always offer the better rates or not- and sometime anomalies can make for example Western Union a better rate than a bank or vice versa.
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