Currency Exchange Rates
pages quote prices & rates of other people's products &
services in various currencies. Rather than them quoting
obsolete rates, they link here.
Comparisons of currency exchange rate fees, 2019-05-29 by LK@
xe.com mid rate 1 GBP = 1._____ EUR & 1 EUR = 0.88196
currencyfair.com 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
currencyfair.com 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%
currencyfair.com 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 cust fee, 2500 GBP = 2,812.10 EUR
(Hypo Veriens is usually but not always worse than StadtSparkasse)
StadtSpark, Im Tal after 3EU non cust fee, (max 2.5K EUR non cust) 2220 GBP = 2,492.19 EUR
(So using StadtSpark instead of currencyfair cost 2,565.88 - 2,492.19 = 73.69 EUR
73.69 / 2,565.88 = 2.87 % beyond currencyfair, 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 currencyfair is negligable 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 currencyfair.
- 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 ! dont 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 looks worried when asked about computer
security, or admits ignorance & directs you to more info,
don't be deterred, that may be honesty showing through. If
he/she can & will talk tech, that may deserve respect
& some trust; If he/she just exudes normal posh suited
bland confidence & platitudes assume they are