Converting earnings out of Euros?
Converting earnings out of Euros?
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Discussion

johnnywb

Original Poster:

1,631 posts

238 months

Monday 28th May 2012
quotequote all
As a 'quick' one;

My brother is employed offshore (superyacht officer) and currently gets paid in Euros. He requested payment in another currency when he signed his new contact, but not possible (owner earns in Euros).

So the money enters his offshore account each month.

I've told him that he really needs to be looking at what he does with it, as my view is that leaving it all as Euros is not the best move at the moment.

Anyone got any input as to what he could / should be doing? (i.e. who he should be speaking to (FX trader? IFA?))

Thanks in advance.

The jiffle king

7,526 posts

288 months

Tuesday 29th May 2012
quotequote all
I use a euro account and move money via ukforex which takes a few days, but not too long. Choose your local Euro account carefully (ING give free intl transfers under €50k) whereas most charge for even a €1000 transfer