Gran Alacant Forum

Gran Alacant Forum => General Discussions => Topic started by: angieanded on October 03, 2016, 14:29.

Title: exchange rate
Post by: angieanded on October 03, 2016, 14:29.: hello does any one know what the exchange rate for euros in the tobacco shop in ga by the bbva bank is today please
Title: Re: exchange rate
Post by: mushte on October 03, 2016, 14:34.: The tobbaconis in GA is shut for a week The one in Santa Pola was showing 1_1350
Mushte
Title: Re: exchange rate
Post by: angieanded on October 04, 2016, 10:51.: thank you mushti sounds the same rate as here
Title: Re: exchange rate
Post by: llamedos on November 24, 2016, 20:58.: It's up to 1.18 now, just need to keep Boris away from the press.

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Title: Re: exchange rate
Post by: Tony Gillam on November 25, 2016, 07:41.: Who will give you 1.18? Best exchange rate I can find in UK is around 1.14 for £500+
Title: Re: exchange rate
Post by: John H on November 25, 2016, 08:56.: Check Transferwise Tony, I've just checked what their offer is, see below
I sent a grand a couple of days ago, did the transaction on my phone with their app at 10.30am, it was in the Spanish account by 4.00pm
Great company

Regards all

John

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Title: Re: exchange rate
Post by: John H on November 25, 2016, 08:57.: (http://uploads.tapatalk-cdn.com/20161125/7ab7c49ed9b40d44f1ce1c31b54a9c2a.png)

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Title: Re: exchange rate
Post by: jenkin on November 25, 2016, 13:29.: Also use Transferwise, after a recommendation on this forum, and am very pleased with their swift service. Jen
Title: Re: exchange rate
Post by: chris and jackie on November 25, 2016, 14:12.: Hi,

Looking at transferwise app, do they just debit your bank account if you give debit card details? Do you know how big a company they are?
Title: Re: exchange rate
Post by: Andy L on November 25, 2016, 14:25.: I use TransferWise after recommendations on the forum, they take the money off your debit card or whatever you have registered with them to take the money from, have to say the rates are excellent and they are quick with the transfer.
I don't know how big a company they are.
Title: Re: exchange rate
Post by: Aficionado on November 25, 2016, 16:02.: Fairly big - look them up on Wikipedia. You can also look up Transferwise Limited on the Companies House website and learn a bit more. They are heavily capitalised but - up to March 15 anyway - have a negative P&L account; but because they apparently qualify as a small company they are filing abbreviated accounts which means there is no detail of income and expenditure.
Title: Re: exchange rate
Post by: Corporal Jones on November 25, 2016, 22:31.: Oh please does it matter how big transferwise are, ive been using them for years very pleased, if you want big go with the major banks who will keep spanking you with low rates and fees. Some people are never happy and find pointless faults.
Title: Re: exchange rate
Post by: Tony Gillam on November 26, 2016, 08:09.: I thought we were talking about obtaining cash, not inter-bank transfers.
Title: Re: exchange rate
Post by: BeachLife on November 27, 2016, 21:21.: Its been said before - but as for obtaining cash I use them because the transfer is so quick (less than 20 mins on a weekday) I do the transfer from Lloyds to my BBVA current account while having a refreshment at (for example) Dunbars or Websters and stroll to the BBVA cashpoint and its there its there !
Title: Re: exchange rate
Post by: Tony Gillam on November 28, 2016, 07:42.: Last time I did an inter-bank transfer to BBVA of Euros, when it arrived in the account BBVA charged me an arm and a leg. I've always fed it with cash since.
Title: Re: exchange rate
Post by: steve watson on November 28, 2016, 12:34.: Hi John do you have a contact telephone number for TransferWise, tried the number on web site and nothing happens.
Cheers steve
Title: Re: exchange rate
Post by: John H on November 28, 2016, 13:49.: Hi Steve, I've never had the need to contact them, I've just checked and found this number, might be of help.

Regards all

John(http://uploads.tapatalk-cdn.com/20161128/d895e71b3d3a586044582fff8dbb9828.png)

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Title: Re: exchange rate
Post by: chris and jackie on November 28, 2016, 19:05.: They also have a very good live chat option, where your untypical in query and they answer and continue until you are happy.
Title: Re: exchange rate
Post by: mikehoward on November 29, 2016, 13:17.: I have heard good reviews for Freemarket FX (https://freemarketfx.com/), they have a fixed commission of 0.2% and having just checked they have the best rate. Has anyone tried them?
That said there has been some articles in the news that the Referendum in Italy this weekend, if it goes against the PM, could impact the banks and therefore the Euro. So might be worth waiting a few days before transferring any money.
Title: Re: exchange rate
Post by: Aficionado on November 29, 2016, 13:52.: Freemarket do indeed show a good rate but have a minimum transaction size of £5,000 ( or currency equivalent) so may not suit everyone. They operate in a similar manner to Transferwise.
Title: Re: exchange rate
Post by: chris and jackie on November 30, 2016, 14:44.: Took the advice and used transferwise on Monday and worked great with rate of 1.17 and funds in account Tuesday.
Title: Re: exchange rate
Post by: jenkin on November 30, 2016, 17:03.: Very glad you are happy with the service from Transferwise. Another thumbs up for the Forum, which continues to impart news and views over the years. Jen
Title: Re: exchange rate
Post by: puddy-woo on November 30, 2016, 17:45.: 1.18 today

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Title: Re: exchange rate
Post by: llamedos on December 02, 2016, 21:53.: It's just crept into 1.19

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Title: Re: exchange rate
Post by: tonybeach on January 24, 2017, 14:21.: Thanks to all who recommended Transferwise, just used them, to transfer £1000 in euros 1163. Shown as a credit in my Spanish Bank before it shows as a debit from my English current a/c. Will def use again,
Title: Re: exchange rate
Post by: puddy-woo on January 24, 2017, 14:30.: They are excellent. I just sent some A$'s - so easy

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Title: Re: exchange rate
Post by: mushte on January 24, 2017, 18:48.: Who was that with Paddy-woo and llamedos i cannot find that rate anywhere please

Mushte
Title: Re: exchange rate
Post by: Stan on January 24, 2017, 19:59.: As far as the rate stated by llamedos goes have you checked when it was posted?
Title: Re: exchange rate
Post by: mushte on January 24, 2017, 21:06.: Thanks for that did not scroll down far enough (senior moment )
Mushte :-[
Title: Re: exchange rate
Post by: puddy-woo on January 24, 2017, 22:23.: I had to pay an Ozzie Co for some car hire/hotel bookings etc. Mushte. They gave me their bank details and I transferred through Transferwise. Took 2 days.

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Title: Re: exchange rate
Post by: Bunny on January 27, 2017, 20:38.: Interesting comparison below.

https://www.currencyfair.com/blog/money-transfer-companies-compared/#Transferwise
Title: Re: exchange rate
Post by: John H on April 21, 2017, 11:14.: Transferwise have just set a new record in terms of speed for me.
I did a transfer from my phone, jumped in the car to go to Mercadona, half way round Mercadona my phone gave the message received noise, it was a message from our Spanish bank, the money was in our account.......from sending to receiving less than 12 minutes!!
Brilliant service

Regards all

John

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Title: Re: exchange rate
Post by: cathk7@hotmail.com on April 21, 2017, 13:00.: It's the best around .

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Title: Re: exchange rate
Post by: Corporal Jones on April 21, 2017, 18:19.: John i wouldn't wait that long, i also did a transfer last week i reckon about 90 seconds before phones were pinging to show money had landed. How did the banks get away with taking days to move money only a couple of years ago and charging up to £20 for the pleasure and a poor exchange rate to boot, absolutely criminal but nothing we dont already know about the banking sector.
Title: Re: exchange rate
Post by: Saliorgerry on April 21, 2017, 19:33.: Thank you for the insite to TransferWise..just signed up..and got my boy to do the same...we used fx before and the hassle...anyway I will keep you posted I'm not tech minded at all..we're coming next week so looking forward to lovely grand alicant..ps we got a car for three quid a day...yes it's mid size off the busy time but pick up at the airport..I will post the details when we get the confirmation..i.e. My husband when he get home.
Title: Re: exchange rate
Post by: John H on April 21, 2017, 19:35.: 90 seconds, that's amazing
It was a great recommendation you made Victor
If our place ever sells I'll use them to repatriate the proceeds

Regards all

John

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Title: Re: exchange rate
Post by: llamedos on April 21, 2017, 20:59.: Things are on the up, I got €1.188 at the cash point this morning. We need more elections me thinks.

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Title: Re: exchange rate
Post by: Tony Gillam on April 22, 2017, 07:30.: Not if you are selling, you don't. I've lost three grand this week. :(
Title: Re: exchange rate
Post by: John H on April 22, 2017, 08:08.: It's only money Tony
Come completion it'll probably be back down to €1.16 to the £1
Always look on the bright side of life

Regards all

John

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Title: Re: exchange rate
Post by: Corporal Jones on April 22, 2017, 14:04.: Tony your theoretical loss is someone else's gain, in an ideal world when i bought years ago the rate was nearly 1.50 if i sell i hope the rate to be 1 for 1, but in all fairness a constant rate of 1.25 would suit most people i think.
Title: Re: exchange rate
Post by: BeachLife on April 22, 2017, 14:16.: Quote from: victor on April 22, 2017, 14:04.
Tony your theoretical loss is someone else's gain, in an ideal world when i bought years ago the rate was nearly 1.50 if i sell i hope the rate to be 1 for 1, but in all fairness a constant rate of 1.25 would suit most people i think.

Spot on Victor - a good middle ground number that most would settle on