Best Exchange Rate Pound To Euro: Living in Europe?

January 25th, 2012
Looking for the best exchange rate pound to euro, may be something that you associate with going on holiday in the Eurozone. While everyone likes to get the best deal on their holiday money exchange, sometime convenience prevents us from hunting for the best exchange rates.  If you are thinking of moving permanently to Europe, securing the best exchange rate pound to euro, will a lot more important. For example, consider the cost implications of even a miniscule difference of money exchange when buying property abroad. Using a simple online tool, that compares a number of foreign exchange companies, we have produced a worked example of the cost implications of finding the right deal. If you buy a €1,000,000.00 home in the euro zone, the difference between the leading fx company (in the sample) is £3000.00. Which a sizeable amount of money to lose, simply by not getting the best deal on your foreign currency! Here at Best Exchange Rates UK, we aim to provide you with the information and guidance, to ensure that you get the best deal for all of your transactions.
Another financial concern that involves securing the best exchange rate pound to euro, are those regular payments. Pensions are a great example, as you will have accumulated your pension over the years in a British firm. The answer is too retain a British bank account into which the payments will be made and then transfer the money to your European account from there. Again like holiday money exchange, many people fall into the trap of opting for convenience over securing the best exchange rate. Choosing to transfer money directly from your bank is the most common example, as it is often as easy as a few clicks of a mouse. Many Banks know this and as such often charge a premium for the convenience, with the view that the majority of people won’t compare the rates available. However, if you apply the same theory as the example as above, but with a reduce sum and spread over monthly payments, you will see that you will be in effect wasting a % of your hard earned pension fund, simply by not reviewing the market.
Looking for the best exchange rate pound to euro may be something that you associate with going on holiday in the Eurozone. While everyone likes to get the best deal on their holiday money exchange, sometime convenience prevents us from hunting for the best exchange rates.  If you are thinking of moving permanently to Europe, securing the best exchange rate pound to euro, will a lot more important.
For example, consider the cost implications of even a miniscule difference in a money exchange when buying property abroad. Using a simple online tool that compares a number of foreign exchange companies, we have produced a worked example of the cost implications of finding the right deal:
If you buy a €1,000,000.00 home in the Eurozone, the difference between the leading fx company (in the sample) is £3000.00. What a sizeable amount of money to lose, simply by not getting the best deal on your foreign currency!
Another financial concern that involves securing the best exchange rate pound to euro, are regular overseas payments. Pensions are a great example, as you will have accumulated your pension over the years in a British firm. The solution is to retain a British bank account into which the payments will be made and then transfer the money to your European account from there. Again like holiday money exchange, many people fall into the trap of opting for convenience over securing the best exchange rate. Choosing to transfer money directly from your bank is the most common example, as it is often as easy as a few clicks of a mouse. Many banks know this and as such often charge a premium for the convenience – with the view that the majority of people won’t compare the rates available.
However, if you apply the same theory as the example as above, but with a reduced sum, spread over monthly payments, you will see that you will be in effect wasting a % of your hard-earned pension fund, simply by not reviewing the market.
Here at Best Exchange Rates UK, we aim to provide you with all the information and guidance you require to ensure that you get the best deal on your transactions.

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