How to get € to £ best exchange rate?

[Fast Charlie]

Can anyone recommend a currency exchange firm? I’m selling a property, due completing in the next 2 weeks & want to bring the founds back into the uk.

I obviously want to achieve best value possible.

[The Moose]

I haven’t found anyone to beat rates and service of wise.com

[MisanoPayments]

Happy to help, and/or to be used as a sounding board!

[dunkind]

The Moose said:

I haven’t found anyone to beat rates and service of wise.com

I agree

[CLK-GTR]

The Moose said:

I haven’t found anyone to beat rates and service of wise.com

Revolut will beat them but any significant sums will get caught up in their anti money laundering process and they're a nightmare to deal with. I switched to wise about a year ago and haven't regretted it even if it does cost me a bit more.

Never come across any currency firm that can do better rates than either of them.

Edited by CLK-GTR on Wednesday 12th June 08:43

[Amateurish]

I've used Wise for many years, never had a problem

[rdjohn]

Amateurish said:

I've used Wise for many years, never had a problem

How many houses do you sell each year?

This is a big single transaction, the current rate is pretty good today, shop around and negotiate.

I agreed my deal the day that Liz Truss crashed Sterling, I completed several days later after things had changed. That one event was worth £20k+ to us.

[Amateurish]

rdjohn said:

Amateurish said:

I've used Wise for many years, never had a problem

How many houses do you sell each year?

This is a big single transaction, the current rate is pretty good today, shop around and negotiate.

I agreed my deal the day that Liz Truss crashed Sterling, I completed several days later after things had changed. That one event was worth £20k+ to us.

I've used it twice for house purchases.

Actually, the rate today is poor, probably the worst in 2 years.

[Tom8]

Out of interest, if you sell a foreign property and bring funds back do you have to claim it, is it a capital gain that is taxable etc? Or do you hope the inland revenue don't find out?

[ferret50]

I DiYed mine recently.

Cash was sat in Santander Totta and I moved it to Nationwide 10k euro a day. Cost about half a cent with a different rate on each transaction.

[Dg504]

Obviously could get stronger (and will now I’ve said this) but GBP is strong at the minute - can you hold here in euro or abroad for a bit?

Depends how much the sale is worth but 2/3% could be a lot of money.

[rdjohn]

Amateurish said:

I've used it twice for house purchases.

Actually, the rate today is poor, probably the worst in 2 years.

Doh!! You are correct.

[Fast Charlie]

Thanks for the advice. if rates are what they are now I’ll leave a chunk in €.

Edited by Fast Charlie on Friday 14th June 21:47