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Currency Converter

Sell Pounds to Buy Euros

Is this a good time to buy euros with pounds?

With the interbank rate just dropping a little from yesterday´s 1.15 EUR : GBP, this could be a great time to buy euros and sell your British Pounds. The currency exchange rate was just 1.02 a few weeks ago.

However, the age-old problem exists for many of our clients. If there´s no particular need to make the exchange today, most people would hold-off believing that we may go higher yet. Maybe the exchange rate will go higher than the 1.17 GBP tp EUR rates peak just a few months ago?

gbpeur rate droppingHowever, lessons from that peak at 1.17 may be very valuable. The rate dropped rapidly to 1.13 / 1.14 and those clients missed the opportunity. If I relate this to £10,000. When the rate dropped from 1.17 to 1.13, this represents a loss of 400 euros.

Relate that 3 cent drop to £100,000 and the loss then becomes 4,000 euros!

How can you avoid losing out when an currency exchange rate for Pounds to Euros drops? This depends on when you need the money. I am here to help, but I can´t predict the rate changes. Here are some suggestions:

SPOT DEAL. Buy your Euros now while the rates are relatively good. As you´re already registered, all you need to do is call me (or email me using the form below) and I´ll get you the most competitive exchange rate at that moment. The exchange rate will be better than the bank. Also, we don´t charge transfer fees, or commission.

FORWARD CONTRACT. If you don´t need the money straight away, but you would like to secure this great exchange rate opportunity, I can buy the money for you now, for delivery at an agreed date. I buy this on my clients´ behalf with just a 10% deposit. This is a very flexible arrangement as I buy the currency in a particular way that secures the exchange rate. If the exchange rate drops again to 1.10 from 1.15, then you will have saved 5,000 euros on a £100,000 deal, with just £10,000 deposit.

If you´d like to discuss how I may be able to help you, please call me.

My UK number is +44(0)1480 458400

I look forward to hearing from you. Zoe

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Live currency exchange rates are shown in our rate watch form. They are updated every 12 minutes and display the mid rate between the buy and sell rates. If you would like a quote for the best foreign currency exchange rates today, please contact us. Global Currency Exchange Network: No commission and No transfer fees.

Is it safe?: Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE



Currencies - Cross Rates

 GBPEURUSDAUDAEDSEK
GBP11.15971.561251.585165.7410910.66881
EUR0.8622911.346261.366874.95059.19963
USD0.640510.742811.015313.677236.83349
AUD0.630850.73160.9849213.621786.73045
AED0.174180.2020.271940.2761111.85833
SEK0.093730.10870.146340.148580.538121
Other Currencies

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    About our services

    Our service is very simple and is used every working day by hundreds of clients. Once you have registered with FX-Foreign Exchange, you will be given a client number. You can then choose from a number of options to make your currency exchange. You can:
    • - Telephone, or email us, with your request to exchange one currency for another
    • - Use our online currency exchange system, designed for spot trades below the equivalent value of £4,000.
    • - Use one of our forms online, and we will call you back.
    When you decide to go ahead, this is what happens next:
    • - We will speak with you and offer you a fixed exchange rate for your currency deal. (We always aim to beat the high street banks)
    • - If you decide to go ahead, we will create a contract to buy, using your client number and will email this to you as a copy of the trade.
    • - You then transfer to us, the agreed amount of the currency that you are selling.
    • - When the money arrives in our secure client account, we exchange it for the currency that you wish to buy at the agreed exchange rate.
    • - We then send the money straight to the bank account that you instructed us to send it to, with no charge for transferring abroad and no commission.

    Who regulates us

    UK Advisors UK Accountants UK Solicitors Banking & Treasury Provider
    grant baker birketts

    Barclays bank
    www.grant-thornton.co.uk www.bkl.co.uk www.birketts.co.uk www.barclays.co.uk

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