From: Chris Blunt 
Newsgroups: uk.finance
Subject: Re: Old Chestnut: Cheap Currency Exchange
Date: Mon, 29 Dec 2003 10:20:14 +0000

On Sun, 28 Dec 2003 23:29:28 +0000,
imcneill@REMOVEthisBITmccomp.plus.com wrote:

>Hi david,
>
>Take a look at the currency exchange services of www.xe.com .You might
>be familiar with that site, as its THE currency reference on the web.
>However www.xe.com/fx brings you to their currency exchange service. I
>use them a lot to pay my US suppliers, and I've found it to be by far
>the cheapest way of doing so.  Their exchange rate is excellent, and
>they only charge a nominal amount to do the wire transfers.  There is no
>subscription fee or minimum rate or any other ongoing fee.
>
>Takes a little while to set up an account with them, but for the amount
>you are talking about it, it might be worth a look.

I've often thought of using these currency exchange services, but it
seems that the cost of sending the money to them plus the cost of them
remitting the foreign currency back to you would erode any saving you
might make on the exchange rate.

Can you give a example of what these charges would typically amount to
for you? What would be the minimum amount of money to exchange for it
to be worthwhile?

Chris