Currency Exchange for large amounts

guinness · Post by **guinness** » Thu Jan 27, 2011 2:02 pm

Has anyone used a currency exchange broker for transferring large amounts of currency for, say, a house downpayment. I'm looking to transfer several tens of thousands of US dollars to euros, and I'm trying to find the best company to use (i.e. best rates). Any experience in this area would be most appreciated!

Thanks!

**Sponsor:**

jmakinen · Post by **jmakinen** » Thu Jan 27, 2011 7:44 pm

Is this Kahn?

AnnikaL · Post by **AnnikaL** » Thu Jan 27, 2011 8:58 pm

Hmmm. We used UKForex, but probably not good for you, not being from UK! But we had no recommendation, chose purely on the basis of some research. Worked out ok for us, rates seemed good and transactions were quick enough.

simon · Post by **simon** » Fri Jan 28, 2011 8:35 am

http://fx.piagi.com/

know this company very well and have a very good reputation. Situated both in US and UK

guinness · Post by **guinness** » Fri Jan 28, 2011 5:06 pm

No, this isn't Kahn.

Thanks for the suggestions. I have been in contact with WorldFirst (based in the UK). They offered me a quote that was roughly a 0.55% margin above the mid-market rate. Do you remember what margins you paid with UKForex and Piagi?

AnnikaL · Post by **AnnikaL** » Fri Jan 28, 2011 5:49 pm

I asked my OH and he looked up some details. This is what he told me:

on 13th September when we did a deal, mid market rate was 1.1996686093
The rate given by UKForex was 1.1991

maxxfi · Post by **maxxfi** » Fri Jan 28, 2011 11:13 pm

AnnikaL wrote:mid market rate was 1.1996686093

Do they really keep 10 decimals?

guinness · Post by **guinness** » Thu Apr 21, 2011 1:13 pm

Just an update. I used WorldFirst (UK) for my currency exchange needs. I was very happy with the service that I received.

Finland Forum

Find information about moving to, living in and life in Finland