If you are doing any sort of Euro conversion it pays to compare providers to see who can give you the best Euro exchange rate. High street banks are the worst place to convert money as they generally have poor Euro exchange rates. To get the best rate for large currency transfers or smaller travel money Euro cash purchases always go with a specialist.
What sort of Euro transaction do you need?
Currency brokers offer exchange rates that are much better than banks and because they specialise in foreign exchange the process is much more user friendly. Most established currency brokers do not charge a commission or any fee for paying the money to an international beneficiary.
|Currency Broker||Who are they?||What do they offer?||CEO Interview||More Info|
|Currency broker OFX have transferred over £78b in currency conversions for 1 million customers around the global. They have a network of 115 global banking patterns, offer over 55 currency pairs, are regulated by over 55 global regulators and offer 24/7 customer service.||OFX offer personal and business currency brokerage with zero commission. They offer same-day payments and forwards online or over the phone with 80% of all major currency transfers processed in 24 hours.||Read Sarah Webb Interview|| Get A Quote|
|Currencies Direct have helped more than 325,000 customers move money internationally since they were founded in 1996. With them customers can transfer 40+ currencies to 120+ countries. They have more than 20 global offices and employ over 500 currency experts.||24/7 transfers online, over the phone and by app No transfer fees Personal currency expert Spot and forward contracts, limit orders and rate alerts Specialist business transfer services and risk management solutions|| Get A Quote|
|TorFX have been connecting their customers with great exchange rates and no transfer fees since 2004. They’ve won the Moneyfacts Consumer Award for International Money Transfer Provider of the Year five times (2016 – 2020) and have also won the Best Customer Service award four times (2016, 2017, 2019 and 2020). They have a five-star ‘Excellent’ TrustScore on Trustpilot.||Dedicated account management The ability to transfer over the phone, online or by app Great exchange rates and hidden fees Tailored transfer services Free market updates|| Get A Quote |
|Linear Int Payments|| Linear International Payments is a currency broker that cater primarily to large currency transfers and conversions. Personal service and expert advice.|| Online :|
|Read Mark Phipps Interview|| Compare Quotes |
|Ram FX specialise in personal service for corporates, funds, family offices and high net-worth currency brokerage for individuals.|| Online :|
|Read Mark Henry Interview|| Compare Quotes |
Ram FX Reviews
|Assure Hedge specialise in online OTC FX Options for hedging|| Online :|
|Read Barry Mccarthy Interview|| Compare Quotes |
Don't leave it to the last minute and pay more for foreign currency at the airports.
Getting the best Euro Exchange Rate
When you convert and transfer Euros with a currency broker your fixed exchange should be a maximum of 0.5% form the mid-market for currency transfers or To put this in perspective, banks traditionally charge 3-5% and our competitors charge around 1%
That means that if you are sending £100,000 worth of Euros you could save up to £4,500 with us versus the banks, or at least £500 instead of our competitors.
Request a quote to see how much you can save – you’ll find a better Euro exchange rate with than by using your bank.
A few tips on getting the best euro exchange rate:
- Always compare (read our guide to comparing exchange rates here)
- Never go with your bank
- Understand the fees
- Use forward to lock in the current exchange rate
How do I know I am getting the best rate?
Only go with a currency broker that offer fixed and transparent exchange rates and clearly show fees. All fees and charges should be built into the exchange rate. Feel free to have a look round other currency providers website's, and if you find that they don’t clearly show how much a currency transfer is going to cost you. A clear indication that you are not getting the best Euro exchange rate.
Should you convert Euros now or wait for the rate to improve?
If you think the exchange rate is going to go in your favour have a chat with your currency broker. Most have been providing market timing advice to institutions and hedge funds for years and should be able to provide some guidenece on strategy. Or, if you are worried the rate will move against you it is possible to lock in the current rate for up to a year in advance with a currency forward.
How do I know what the Euro exchange rate commission is?
These are included in the exchange rate and are always fixed and transparent. Our exchange rates are always a fixed percentage from the live mid-market.
If you want to know how much the fees will be just ask and we’ll provide a clear breakdown. Read our guide on how to compare exchange rates, which also explains what the fees are and how to calculate them.
Will I really get the best Euro exchange rate?
Yes but you'll have to put a bit of effort it. If you are already using your bank or another currency broker send us a recent transaction and we will send you back a breakdown of exactly how much they are charging you in hidden fees and how our approach to fixed and transparent exchange rates will result in you getting the best Euro exchange rate.
Why buy Euros through a currency broker?
- Compare the cheapest bank beating currency exchange rates
- Expert help and advice to reduce your risk and exposure
- Dedicated account managers every step of the way
- Convert funds online and platform access 24/7
- Same day and forward currency exchange contracts
- Zero service charge, commission or transfer fees
- Transfer money direct to single or multiple beneficiary accounts