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Forum: Canada
Nov 17th 2014, 12:49 pm
Replies: 8
Views: 1,128
Posted By ChrisCanning

Re: GBP/CAD update

Hi Magnumpi,

Moneygram / Westernunion are convenient ways of sending small amounts of money/cash. If you received 53p for every dollar, the rate you received would be about 1.88ish.

You may...
Forum: Canada
Nov 17th 2014, 9:18 am
Replies: 8
Views: 1,128
Posted By ChrisCanning

GBP/CAD update

In light of the recent fall in GBP>CAD exchange rate, several members have been asking me questions about the next 12 months. With this in mind, I thought it would be useful to create a post with...
Forum: Canada
Oct 30th 2014, 1:52 pm
Replies: 8
Views: 1,128
Posted By ChrisCanning

Re: Another bringing cash into canada question

Hi Adrian,

As you may have seen from other posts, I work in the foreign exchange industry. (I am not allowed to say which company because of forum rules). I have helped quite a few members in this...
Forum: Canada
Oct 21st 2014, 8:28 am
Replies: 12
Views: 1,285
Posted By ChrisCanning

Re: Companies we used, and our experiences

Many thanks for your kind words.

I am pleased everything went through well. Keep in touch and I wish you all the best.

Chris.
Forum: Canada
Oct 21st 2014, 8:19 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Great news Hasan - let me know if I can be of further help.

Chris.
Forum: Canada
Oct 21st 2014, 8:18 am
Replies: 1
Views: 862
Posted By ChrisCanning

Re: Money transfers CAD to £

Hi,

There are several foreign exchange companies that are recommended on here. I actually work in foreign exchange so if you have any queries regarding rates and how they operate feel free to...
Forum: Canada
Sep 10th 2014, 2:58 pm
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi,

Sorry for my slow reply - as you can imagine the past 24/48hrs have been extremely busy in the currency markets with the pressure on the Pound.

Unfortunately the Pound has suffered with the...
Forum: Canada
Sep 5th 2014, 8:34 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Yes, the Pound has not had a great time recently. This quarter it is amongst the worst performers out of all currencies. The ECB decided to cut rates yesterday (which was unexpected) and this dragged...
Forum: Canada
Sep 1st 2014, 9:34 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

All of this, and we are supposed to have one of the most advanced banking systems in the world!

I have a few accounts with Natwest, Barclays and Halifax. Natwest and Barclays have a monthly...
Forum: Canada
Aug 29th 2014, 8:40 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi Smivers,

Many banks have restrictions on the amount of funds which can be transferred per day, especially when making the transfers online. £10k / £15k or sometimes £20k is the norm.

If you...
Forum: Canada
Aug 28th 2014, 8:22 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi Edo / Felixtrebor,

You will need to register to use the services of a currency specialist. The actual requirements will depend on where you are based, the amount you are transferring and where...
Forum: Canada
Aug 26th 2014, 8:41 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi Xavio - yes they are both good methods of transferring funds. I would perhaps say that CurrencyFair is slightly cheaper than Azimo, but not by much. These companies are very good methods of...
Forum: Canada
Aug 21st 2014, 3:28 pm
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Ahhh...I see!

Sorry, I assumed you meant you were getting a spread of 0.02% for direct international currency transfers via a currency broker. (I was thinking to myself even Bill Gates and...
Forum: Canada
Aug 21st 2014, 9:28 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi Deva,

This shows the saving of using a specialist currency company compared to the bank.

It seems you have a very (very!) good deal there. Working in the industry I can honestly say that I...
Forum: Canada
Aug 20th 2014, 3:07 pm
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi Quinna,

If you have an account with HSBC then you will be able to get the current rate. If you let me know I can tell you their spread.

For comparison, Natwest print their daily exchange...
Forum: Canada
Aug 19th 2014, 9:09 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi guys.

Jerry - great advice. I always tell my clients to open up multi currency accounts with their bank. Most banks will allow you to do this. Having a GBP and CAD account gives you a lot more...
Forum: Canada
Aug 18th 2014, 8:23 am
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi Edo,

... good question!

In all honesty, I would be tempted to ignore any economic data from Canada as the real push/full will be coming from the UK. In recent months, the rates have been...
Forum: Canada
Aug 15th 2014, 3:10 pm
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Final post for today.... "What rate should I get"

We all know what the mid market rate is through google / xe / yahoo. This is called the "interbank rate" and is the mid market rate. YOU WILL NOT...
Forum: Canada
Aug 15th 2014, 2:49 pm
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

A lot of the questions state 'What company should I use'.

Nowadays, there are hundreds of currency companies in the UK. Compare this to a few years ago when there were less than 10.

There is...
Forum: Canada
Aug 15th 2014, 2:26 pm
Replies: 58
Views: 7,598
Posted By ChrisCanning

Re: Cheapest/easiest bulk £ to $ transfers

Hi,

This is my first post on this forum.

I was advised to create a profile by one of my clients who mentioned that there seems to be a lot of confusion about Foreign Exchange / Money Transfers...
Showing results 1 to 20 of 20


 
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