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Currency Exchange - Best way

daithi666 · 2009-01-22 15:06:44

Hi, I need to exchange about e5000 into sterling. I'll be taking it with me abroad. Am I right in saying my best way would be by draft(slightly better rate)? What is the best way of getting maximum value? Thanks in advance!

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22-01-2009 4:06pm

#1

daithi666

Closed Accounts Posts: 83 ✭✭

Join Date: February 2006

Posts: 50

Hi,

I need to exchange about e5000 into sterling. I'll be taking it with me abroad.

Am I right in saying my best way would be by draft(slightly better rate)?

What is the best way of getting maximum value?

Thanks in advance!

0

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#2 22-01-2009 7:54pm
Jet Black

Registered Users Posts: 3,845 ✭✭✭

Join Date: December 2007

Posts: 3657

Shop around the banks and see what you can get.
A .01 difference will make a £50 difference for €5000 changed. For example at a rate of .85 you will get £4250 and at .86 you will get £4300. You may be charged commision. According to my BOI account for 5k I will get 4613.50 @ a rate of .9227 but thats only for internation money transfers.

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