seascape

Hi
Hope someone can give some advice here. I am UK citizen, my wife Canadian and we now live in UK. My wife has some funds remaining in Canada and we want to figure what best to do with these funds. One option is to transfer the money to the UK and put it into savings, the other is to leave the money in Canada and invest there. The assumption we have is that it makes sense to move it to the UK and if so, can someone recommend how best to do that in terms of getting the best transfer rate?
thanks
Andrew

Alan2005

Use a broker. HiFix, Money Corp etc.

Scribble

The Canadian dollar is pretty strong at the moment because of all the natural resources it has, oil and gold. If you don't need the money then check out whether it's best to leave it. You should also calculate how much you will lose in the foreign currency spread vs the actual currency rate.
For example, transferring £10,000 to UK you will lose about £100 in foreign money costs.

Fran_L

Hi Andrew,

qwertyjjj is right the Canadian Dollar is strong at the moment. If you do want/need to transfer funds please have a look at our british expats forum http://britishexpats.com/forum/forumdisplay.php?f=185

Plenty of information on CAD/GBP with historical information and graphs.

I work for Halo Financial, an authorised broker in the UK so if you need any individual guidance please drop me a line.

Thanks

Fran

Aviator

I use these guys, sometimes several times a week and the rates and service are good. http://www.customhouse.com/

The rates retween currency brokers is going to be marginal, some include their fees in the rate you get, others charge separately. Whichever wa you you slice it, it is not free to exchange currency, as some would like to believe.