Currency Exchange Rates
pages quote prices & rates of other people's products &
services in various currencies. Rather than those page quoting
obsolete rates, they all link here.
Some Rates Providers:
- Usefully shows Mid market rates
- Has rates charts
eg Sterling V. Euro
Good for making decisions & also seeing eg how Brexit events impact
the UK )
- Has historic rates tables For calculating tax returns
at rates prevalent when business was done
. wikipedia . org / wiki / Pound_sterling # Exchange_rate
5 or so exchange rate sites + other info.
Currency Exchangers, but Not Necessarily any Historic Rates
- I have been happy with them mid 2017 on. Less so
since they introduced a delay where one has to pay
extra for the old fast transfer.
- 2019-07-23 We reduced the minimum in our referral
program from €2,000 to €1,000. Now, when
you refer a friend to CF, they only
need to trade and transfer €1,000 for you to
both receive your €30 referral reward.
- Temp. rise to 50 EU sign up bonus up to end of
- en .
wikipedia . org / wiki / CurrencyFair has lots of
links to articles about CF
- CaxtonFX.com : pre
changed Euro & other cards
- Currencywise: Ask ljk@
- Wirecard was
Another seller of pre charged cards, went massively
bankrupt June 2020
- Revolut: Ask
See Also en.wikipedia.org/wiki/Hargreaves_Lansdown
- Citibank do
an online euro account as well [as sterling & us
dollar], no charges with enough in credit, but they do
not do business accounts.
- German law allows cheques to be stopped within 6
weeks, therefore German banks will clear UK Euro cheques
same day, but money not usable for 6 weeks.
- Lots of other competitors, try a comparison site eg :
www . monito . com / send - money / germany / united -
kingdom / eur / gbp / 2000
www . exchangerates . org . uk / articles / 1325 / the - 200
- year - pound - to - dollar - exchange - rate - history -
from - 5 - in - 1800s - to - todays . html
Comparisons of currency exchange rate fees, 2019-05-29 by ljk@
xe.com mid rate 1 GBP = 1._____ EUR & 1 EUR = 0.88196
CF euros to pounds 1 EUR = 0.878.
difference .878 - .88196 / .88196 = 4.489999 % + Fee of GBP 2.5
Comparisons of currency exchange rate fees, Munich, 2019-05-08:
xe.com mid rate before going to banks: 1 GBP = 1.16167 EUR & 1 EUR = 0.860828 GBP
xe.com mid rate after return from banks: 1 GBP = 1.16130 EUR & 1 EUR = 0.861101 GBP
xe.com mid rate average: 1 GBP = 1.16148 EUR & 1 EUR = 0.860964 GBP
CF after return from banks: 1 GBP = 1.1558 EUR
( 1.16130 - 1.1558 / 1.16148 = 0.0048903124 ie CF charge 5.5 per thousand or .55%
CF after return from banks: 1 GBP = 1.1558 EUR & 2220 GBP = 2,565.88 EUR
Hypo Veriens Bank Isartor (as customer) 1 EUR = 0.894 GBP 2500 GBP = 2,796.42 EUR
StadtSpark, Im Tal after 3EU non customer fee, 2500 GBP = 2,812.10 EUR
(Hypo Veriens is usually but not always worse than StadtSparkasse)
StadtSpark, Im Tal after 3EU non customer fee, (max 2.5K EUR non customer) 2220 GBP = 2,492.19 EUR
(So using StadtSparKasse instead of CF cost 2,565.88 - 2,492.19 = 73.69 EUR
73.69 / 2,565.88 = 2.87 % beyond CF, so 3.42% beyond mid market neutral rate.
Swapping direct between friends, avoiding banks, saves 3.4% each side !
The mega saving is avoiding physical banks.
The extra saved by avoiding net services like CF is negligible in comparison.
For a Brit in Munich, better to take surplus sterling notes back to Britain, pay in over counter,
then transfer to Euro using CF.
- xe.com: Mid
inc. Old History Rates
- German Banks all quote rates of what of a foreign
currency is worth one Euro. Its easier to go expecting
numbers like 0.85589, not 1.16849. All may need passport, not
Sparkasse, between Marien- Platz & Isartor, Mon,
Tues, Wed, Fri 08:45-16:00; Thurs 08:45-18:00 great
impressive interior worth
seeing. Max per day is 2,500 EUR. They deduct a flat fee
of 5 EUR regardless of amount, if no account.
- Hypo Vereins
Bank (UniCredit) 1 block outside Isartor Rumford
Str, Needs a customer account. No fee.
Bank, Cellar, Marienplatz
Max 2K or 2.5K Euro/ day. 5.50 EU charge for non customers.
They always quoted me to just 2 digit precision - what a con,
forcing one to Not know if a decent rate without arguing for
more info ! don't go any more. Prime tourist trap
- Targo Bank
22 Tal, 09:00-13:00 + 14:00 - 18:00 , No PM on Wednesday.
2.5 K Max
- Santander: Need to
have an account with Santander Germany. An account with
Santander UK is no use.
Rail Station = Haupt bahn hof
Really Bad rate ! - But probably open extended hours for
Some banks etc in UK inc. `
big four' in high street.
www . moneysavingexpert . com / banking / compare - best -
bank - accounts
I & others in UK & Germany have seen enough rip
offs, bank self satisfaction, avarice, computer incompetence,
& top bankers bloated salaries, For eloquence in Anglo
Saxon, join us over a beer ;-).
If a banker asked about computer security exudes posh
suited bland confidence & platitudes : They are ignorant
& hope you are too. If they look worried, admit ignorance
& direct you to more info, respect the probable honesty