Category: euro exchange rates

best-euro-exchange-rate-breakdown

Breakdown of costs to find the best euro exchange rate

We need some transparency in money transfers. Rates are changing every day, every hour, every minute. Getting the best exchange rates depend on:

  • The payment option you choose
  • The reception option you use
  • The amount (more or less large)
  • The speed

Here we are going to focus on bank to bank money transfers (through wire) but we will split the analysis between small and medium amounts and bigger amounts. This is according to us the most important parameter that we have to consider to get the best USD, GBP and EUR exchange rates.

 

Small & medium amounts: the breakdown of costs for the best EURO exchange rate vs USD & GBP

 

1000 euros for GBP-EUR, the 18.12.2016 at 8pm (source: moneytis website):

  • CurrencyFair: 3 euros
  • Xendpay: 4 euros
  • Transferwise: 5 euros
  • Azimo: 11 euros
  • Worldremit:12 euros

 

1000 euros for USD-EUR, the 18.12.2016 at 8pm (source: moneytis website):

  • Xendpay: 6 euros
  • Transferwise: 7 euros
  • CurrencyFair: 11 euros
  • Azimo: 12 euros
  • Worldremit: 15 euros

 

Whatever we say, we have to remember that costs change every minute and while other solutions are on average the most cost-effective, for 1000 euros there are 5 very competitive operators.

 

best-euro-exchange-rate-breakdown

Big and large amounts: the breakdown of costs for the best euro exchange rate vs USD & GBP

 

20’000 euros for GBP-EUR, the 18.12.2016 at 8pm (source: moneytis website):

CurrencyFair: 88 GBP

CurrencySolutions: 95 GBP

TransferGo: 102 GBP

TorFX: 103 GBP

Transferwise: 108 GBP

 

20’000 euros for GBP-USD, the 18.12.2016 at 8pm (source: moneytis website):

CurrencySolutions: 106 euros

TorFX: 126 euros

TransferGo: 131 euros

Transferwise: 140 euros

CurrencyFair: 148 euros

 

While there were some cost-effective actors for small and medium amounts, the operators providing clients with the best euro exchange rate for big amounts are different.
We have to be aware and get knowledge about the behavior of online services. There is a need for transparency that we can solve only if there are services here to bring transparency, like money transfer comparison service!

get-the-best-euro-exchange-rates

Get the best euro exchange rates

Euro is among the currencies the most traded in the world. Remittances from Europe are very important. For these reasons the solutions to transfer EUR into a foreign currency are numerous and the market is highly competitive. So how to get the best exchange rates for a EUR transfer? Here is a global overview of the options.

Choose the operator which offer the best euro exchange rates

It’s important to get the best euro exchange rates as the market is highly competitive. You will see many options and so you can feel lost among all those alternatives. The best is to compare all the options thanks to a comparison platform.

Below an exhaustive list of banks and money transfer companies which allow to send money from Europe:

Azimo
Western Union
MoneyGram
Xendpay
TransferGo
La Poste via Western Union
Atena Money Transfert
MoneyTrans
Small World FS-LCC
WorldRemit
Sigue Money Transfers
Ria
Moneypolo
Unistream
La Poste
Flouss
Moneyglobe
Transferwise
Postbank
Small World
Postbank via Western Union
Universal Money Transfer Gmbh
RemitGuru
Skrill
Poste Italiane via MoneyGram
Poste Italiane via Eurogiro
Unicredit Banca via Western Union
Valutrans
NEC
Extrabanca
Banca Intesa SanPaolo via Western Union
Metro Remittance
I-transfer
Smith & Smith
Rabobank
Unity Monetary Services BV
Suri-Change
Amal Express
Dahabshiil
Kaah Express
Maccorp Exact Change
Santander Envíos
BBVA Dinero Express
Money Exchange
Trans-Fast
Telegiros
Exact Change
Caja Madrid
Money Express

 

Transfer at the best moment

get-the-best-euro-exchange-rates

Exchange rates between two currencies vary and fluctuate every hour. As currencies value are always changing it is important to transfer a moment when the exchange rate is high. By transferring at a good moment you’ll get the best exchange rates for a EURO transfer. This can help you to save a lot of money!

Follow the euro exchange rate thanks to XE

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