Chrisw1968

Hi Folks

Any suggestions where I could get the best currency exchange rates? Basically, I'm selling my house here and exchanging the money into $ and bringing it over with me. Even a few cents difference will make a big difference.

The best place that I have found is RationalFx (http://www.rationalfx.com) who are currently $1.89 ish

Thanks Guys - Have A Great Day

g1ant

Well the first of their 5 Myths about International Money Transfer is total b*llocks. I changed the proceeds of my house sale with LLoydsTSB and got a rate that was as good as anything else on offer. And far easier too.

The branch called their internationasl section in Birmingham and got a quote at a good commercial rate of exchange.

So bearing in mind their first claim is untrue, I would take what ever else they claim with a pinch of salt.

Alex.

Elvira

I think many people here have used XE. We did recently, for a very large sum (going the other way...) . No problems and it only took a day (though you must allow time to set up an account with them).

Bob

XE seems to be the way to go, loads of recommendations from people all over the site..

Dan725

Same here - I went round all the Xe, Hifx etc, and Lloyds beat them all. But you must make sure that the bank puts you in touch with the international section - the folks in the branch sometimes don't know this and just attempt to quote you the tourist rate which is rubbish.

BigDavyG

Better rates than xe ???
They charge less than 2% over spot.

g1ant

I changed pounds into dollars in my Citibank accounts last week and their rate was better than XE. A lot depends on timing. XE's live rates can sometimes show a dip in the rate faster than the banks. So if a good rate declines then use the banks. If XE hits a high, grab their top rate while you can. Horses for courses.

It still doesn't make me feel any better having bought a house in Texas last month at $1.75/£ when the rate is now $1.88. That's a bitter pill to swallow. But at least my new truck is going to be 500 quid cheaper.

alex.

TRPardoe

I use XE, it has always been better than any other method.

Never tried a major UK bank's International Department though.

anotherlimey

I've used them twice in the last three weeks, the only problem I had was setting the account up!

I was surprised it only took 4 business days to get the money in my US account.

Elvira

Yes, setting up the account is a bit cumbersome but I'd rather they take the time and trouble to check people out. Once the account is set up, it's easy-peasy!

BigDavyG

How do you send money to xe from a UK account - do you have to wire it to them ??

BritGuyTN

I just use online banking - its free with natwest

straight to their UK branch of bank of america

anotherlimey

Online wire transfer...

Elvira

'free' + highstreet bank - oxymoron!

Have you checked their exchange rates?

Dan725

It probably depends on the amount - it was pretty big being proceeds from house sale etc.