Foreign Currency Exchange - Pounds Sterling to Euros

Exchanging Pounds Sterling to Euros

Finances	Index Mortgages Money Guide Mortgage Brokers Budget 2010 Bank Accounts Mortgage Relief Savings Rates SSIA Credit Cards Fuel Prices Loans Life Insurance Pensions Solidarity Bond Online Poker Injury Claims	IRISH LINKS - Currency Exchange If you are moving to Ireland from the UK - or to the UK from Ireland - you will probably need to exchange a large amount of sterling currency to Euros or vice versa. You could do this foreign exchange through your own bank - but you might not get the best exchange rate and they will probably charge a fee or commission too. There are companies who specialise in currency exchange and the exchange rates you get from currency brokers will normally be better than the major banks. On paper - the rates may look very similar - but a difference in the rate of just 1 pence on a £100,000 Pounds transaction would save you £1000 Pounds - not bad for a few minutes effort. One company that specialises in Foreign Currency Exchange is Currency Solutions. Currency Solutions are registered with the UK Revenue and Customs . They will carry out exchange from Euros to Sterling - as well as most other major currencies. You can make a no obligation enquiry about your currency requirements online here If you prefer - you can telephone the Irish Links contact: Ernie Enver on 0044 207 740 0000 . Ernie will be able to help you with all your currency exchange questions. Mention "Irish Links" when you call. Another UK currency exchange specialist is Currency UK. They are also registered with the UK HM Revenue & Customs as Money Service Businesses. They offer to get you better rates than your own bank and will not charge comission. You will of course need to have a Sterling bank account available to transfer the money into. You should ring you own bank and see what rate they will offer you first Remember to calculate the total amount after conversion - including any fees thay add before comparing. If you just compare the basic exchange rates - the difference will look really small and you may feel it's not worth the hassle - but when you work out the total amount you will get after the exchange - the difference may run into several hundreds of pounds - enough to buy some furniture or to cover your removal costs Tip - if you are moving to or from Ireland don't close all your old bank accounts or hand in your old credit cards when you move. You should still be able to use them - just inform the bank and credit card company of your new address. They should not have a problem with you moving to or from Ireland. The sterling accounts will come in handy for paying in any sterling you might recieve or for paying any remaining UK bills etc. Also - they will be useful for any visits back to the UK or Ireland . In the short term it would be possible to use your UK cashpoint card at most Irish banks to withdraw money from your UK account - but the exchange rates wouldn't be that good and there may be ATM fees. Also you can use UK credit cards to buy goods at most shops in Ireland - with no problem. But again this would only be for short term spending because of the transaction charges and poor exchange rates from Sterling to Euro.
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IRISH LINKS - Currency Exchange