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FX: Transferring USD from abroad back to Ireland?

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  • 13-09-2012 12:20pm
    #1
    marcus1972
    Registered Users Posts: 9 ✭


    Hi,

    Through a long sequence of events, I have a 6 fig sum in USD sitting in a bank in eastern Europe. I'd like to transfer it back to Ireland now into Euro and am wondering what the most cost-efficient way to do this is to keep transaction costs low & also to locate the best exchange rate. As it's a sizeable amount, to me at least, every percentage moevement makes a difference.

    I think I'd prefer the currency to end up back in Euro so I knwo where I stand but if it made more sense to leave in USD then I guess that would be OK as I don't need it at the moment.

    Any advice much appreciated, I'm not the most savvy in this area.

    Thanks,

    Marcus.
    Tagged:


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    #2
    whomitconcerns
    Registered Users Posts: 4,359 ✭✭✭whomitconcerns


    a long sequence of events....over 100k usd in east european bank account....really....thats the way those escaping your toppled regime things go :P........best to leave it there, otherwise a LOT of questions...

    marcus1972 wrote: »
    Hi,

    Through a long sequence of events, I have a 6 fig sum in USD sitting in a bank in eastern Europe. I'd like to transfer it back to Ireland now into Euro and am wondering what the most cost-efficient way to do this is to keep transaction costs low & also to locate the best exchange rate. As it's a sizeable amount, to me at least, every percentage moevement makes a difference.

    I think I'd prefer the currency to end up back in Euro so I knwo where I stand but if it made more sense to leave in USD then I guess that would be OK as I don't need it at the moment.

    Any advice much appreciated, I'm not the most savvy in this area.

    Thanks,

    Marcus.


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    #3
    granturismo
    Registered Users Posts: 1,918 ✭✭✭granturismo


    A nigerian princess emailed me yesterday with a related problem. I'll forward you her email address, maybe she has a solution.


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    #4
    marcus1972
    Registered Users Posts: 9 ✭marcus1972


    how droll. perhaps if i simplify the question:

    what is the best way to transfer usd back to ireland & a) minimise the transaction costs b) ensure the best exchange rate ?

    i can do a straight online transaction but i'm wondering is there a more efficient way to do this.

    thanks

    marcus.


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    #5
    Mezcita
    Registered Users Posts: 2,328 ✭✭✭Mezcita


    I'd recommend Xetrade.com. Rates are very competitive and I've used them a few times without any problems.


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