Foreign Exchange Rates Currency Exchange Services

International Money Transfer Services

The best international money transfer services for personal and businesses that want to save when sending funds overseas into another foreign currency. Full country listings (click your target country to view our recommended exchange brokers):

Europe

Albania
Andorra
Armenia
Austria
Belarus
Belgium
Bosnia
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Macedonia
Malta
Moldova
Monaco
Montenegro
Netherlands
Norway
Poland
Portugal
Romania
Russia
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
Ukraine
United Kingdom

The Americas

Antigua and Barbuda
Argentina
Bahamas
Barbados
Belize
Bolivia
Brazil
Canada
Chile
Colombia
Costa Rica
Cuba
Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua
Panama
Paraguay
Peru
Saint Kitts and Nevis
Saint Lucia
Saint Vincent & Grenadines
Suriname
Trinidad and Tobago
United States
Uruguay
Venezuela

Asia

Bangladesh
Bhutan
Brunei
Burma (Myanmar)
Cambodia
China
East Timor
Hong Kong
India
Indonesia
Japan
Korea - South
Laos
Malaysia
Maldives
Mongolia
Nepal
Pakistan
Philippines
Singapore
Sri Lanka
Taiwan
Thailand
Turkmenistan
Uzbekistan
Vietnam

Oceania

Australia
Fiji
Kiribati
Marshall Islands
Micronesia
Nauru
New Zealand
Palau
Papua New Guinea
Samoa
Solomon Islands
Tonga
Tuvalu
Vanuatu

Middle East

Afghanistan
Azerbaijan
Bahrain
Georgia
Iran
Iraq
Israel
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Lebanon
Oman
Qatar
Saudi Arabia
Syria
Tajikistan
United Arab Emirates
Yemen

Africa

Algeria
Angola
Benin
Botswana
Burkina
Burundi
Cameroon
Cape Verde
Central African Republic
Chad
Comoros
Congo
Djibouti
Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Ivory Coast
Kenya
Lesotho
Liberia
Libya
Madagascar
Malawi
Mali
Mauritania
Mauritius
Morocco
Mozambique
Namibia
Niger
Nigeria
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
South Sudan
Sudan
Swaziland
Tanzania
Togo
Tunisia
Uganda
Zambia
Zimbabwe

 

Money Transfers - Frequently Asked Questions

Foreign exchange rates at my local bureaus de change, inter bank rates and currency transfer specialists, what’s the difference?

Getting a favourable exchange rate can save you thousands of pounds on a money transfer overseas. Inter bank rates are wholesale rates that banks use, you wont get these rates but your aim is to get as close to that inter bank rate as possible at the time when you book your money transfer.

If possible negotiate a fixed margin or number of points away from the inter bank rate. The difference between these two rates, the margin rate, is how money transfer providers make their money.

Exchange rates at your local bureaus de change are Ok if you are exchanging smaller amounts of money into another currency to spend whilst abroad.

Who offers the best currency exchange rates?

It’s always a good idea to shop around, but as a rule of thumb a specialist money transfer broker will offer the best rates, beating high street banks by several percentage points. They do it by keeping their margin rate low and tend to have lower overheads than banks and they specialise only in currency exchange, meaning you get a better deal for your money.

Constantly changing exchange rates make it difficult for consumers to compare exchange rates offered by competing providers. If comparisons are not done within minutes of each other one provider may look better than the other when it’s the fluctuation in the exchange rate that has made the difference. Also some providers will quote an aggressive exchange rate initially to get you in only to quote you a far less competitive rate when the time comes to lock in the rate.

What is an exchange rate margin?

Exchange rate margin is the amount the bank, currency transfer broker or foreign exchange bureau adds onto the inter bank exchange rate when they quote the rate for a money transfer. The smaller the margin rate, the less it will cost you.

Any drawbacks to using a money transfer specialist?

Most money transfer brokers have rules about the minimum amount of money you can convert, often in the region of £300, however in can vary from company to company. Some brokers may charge a small handling fee for amounts less than about £500.

After the money has been sent, how long does it usually take to arrive?

Up to 7 days for electronic money transfers from most high street banks and between 1 to 3 days using a specialist money transfer broker (instant money transfers for most major currencies).

Achieving the best international money transfer deal

Getting the best deal on your money transfer is as simple as making a phone call to your local bank, and then compare the deal to what you would exchange by using a specialist money transfer broker. Try and negotiate a fixed margin from the inter bank rate with specialist money transfer brokers, as generally, high street banks are unlikely to offer this type of agreement unless you are a corporate customer making regular international money transfers abroad.

Money Transfers - Recommended Brokers

There are several UK based, money transfer brokers who can offer substantial savings when you send funds overseas into another currency. You do not have to live in the UK to sign up with a recommended broker as many of their clients are based overseas (British expats for instance). See the brokers: International Money Transfer Brokers