Transferring EUR/USD to UK bank a/c

[mika2]

This is a bad time to convert EUR/USD into GBP right?? I have some bills coming up next month but could pay out of savings....
Also should I agree a rate with my UK bank account in advance (both overseas banks seem to want to transfer in local currency)

Any advice appreciated. (If it matters EUR amount not huge (3k) but USD 30K so really don't want to mess that one up!)

I would use a specialist currency firm rather than your bank. I used MoneyCorp to transfer a lump sum to my mum in the U.S. Got a better rate than the bank quoted and it only cost £9 for the transfer rather than £25 quoted by the bank.

Also the U.S. Rate back to GBP is better now than it has been for a while but the EURO rate to change back to GBP is not good for you at the moment. So change your dollars rather than your euro!

Eg last year US rate was 1.7 to the pound so USD 10000 would have given you £5882. Now the rate is around 1.55 which would give you £6451 - so more pounds for the same amount of dollars.

Great thanks Fan. I didn't realise you could pay an intermediary to do the transfer. Will take a look at MoneyCorp. And change the dollars asap! Annoying re euro as I've been sitting on it for months while rate keeps getting progressively worse!