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Currency Exchange Rates
Various
Berklix pages quote
prices & rates of other people's products & services in
various currencies. Rather than those page quoting obsolete
rates, they all link here.
Some Rates Providers:
- Credit Cards:
-
xe.com
- Mid market wholesale rates, not retail buy & sell
rates
- Good charts eg
Sterling V. Euro
Good for making decisions & also seeing eg how Brexit type events
impact the UK )
- Historic rates tables useful for accounts & tax
returns, rates prevalent when business was done
-
PDF sheet:
Hypo Vereins Bank (UniCredit)
- PDF sheet: Stadt Spar Kasse
Munich
- x-rates.com
- en
. wikipedia . org / wiki / Pound_sterling # Exchange_rate 5
or so exchange rate sites + other info.
- Currency Exchangers, but Not Necessarily any Historic Rates
Tables:
-
currencyfair.com
- I have been happy with them mid 2017 on. Less so
since they introduced a delay where one has to pay
extra for the old fast transfer.
- 2019-07-23 We reduced the minimum in our referral
program from €2,000 to €1,000. Now, when you
refer a friend to CF, they only need
to trade and transfer €1,000 for you to both
receive your €30 referral reward.
- Temp. rise to 50 EU sign up bonus up to end of
2020
- en.wikipedia.org/wiki/CurrencyFair
- en .
wikipedia . org / wiki / CurrencyFair has lots of
links to articles about CF
- CaxtonFX.com : pre changed
Euro &
other cards
- Currencywise: Ask ljk@
- Wirecard was
Another seller of pre charged cards, went massively
bankrupt June 2020
- Revolut: Ask
ljk@
- hl.co.uk
See Also en.wikipedia.org/wiki/Hargreaves_Lansdown
- torfx.com
- Citibank do an
online Euro account as
well [as sterling
& us dollar],
no charges with enough in credit, but they do not do
business accounts.
- German law allows cheques to be stopped within 6 weeks,
therefore German banks will clear UK Euro cheques same
day, but money not usable for 6 weeks.
- Barclays closed an account (as no UK
address)
- Wise
pay interest (cashback) on accounts
- HSBC Global Money Account
- Lots of other competitors, try a comparison site eg :
www . monito . com / send - money / germany / united -
kingdom / eur / gbp / 2000
- www.exchangerates.org.uk/
www . exchangerates . org . uk / articles / 1325 / the - 200 -
year - pound - to - dollar - exchange - rate - history - from -
5 - in - 1800s - to - todays . html
2023-03-02 Spread % = 2 x (mid to trade = bank profit margin)
1 Euro= |
Currency |
Sell
Verkauf |
Buy
Ankauf |
Mid |
Spread % |
Calculations |
Hypo Vereins Bank
08:04 CET |
GBP |
0,851 |
0,921 |
0.886 |
7.90 |
( 0,921 - 0,851 ) / 0.886 |
Hypo Vereins Bank
08:04 CET |
CHF |
0,968 |
1,038 |
1.003 |
6.98 |
( 1,038 - 0,968 ) / 1.003 |
Hypo Vereins Bank
08:04 CET |
USD |
1,011 |
1,117 |
1.064 |
9.96 |
( 1,117 - 1,011 ) / 1.064 |
Stadt Spar Kasse Munich
09:05 CET |
GBP |
0,8370 |
0,9320 |
0.8845 |
10.74 |
( 0,9320 - 0,8370 ) / 0.8845 |
Stadt Spar Kasse Munich
09:05 CET |
CHF |
0,9480 |
1,0580 |
1.003 |
10.97 |
( 1,0580 - 0,9480 ) / 1.003 |
Stadt Spar Kasse Munich
09:05 CET |
USD |
0,9980 |
1,1150 |
1.0565 |
11.07 |
( 1,1150 - 0,9980 ) / 1.0565 |
XE.Com
07:30 UTC & GMT = 08:30+01:00 ( CET = Munich
time). |
GBP |
|
|
0.888699 |
|
|
XE.Com
07:30 UTC & GMT = 08:30+01:00 ( CET = Munich
time). |
CHF |
|
|
1.00336 |
|
|
XE.Com
07:30 UTC & GMT = 08:30+01:00 ( CET = Munich
time). |
USD |
|
|
1.0635 |
|
|
1 Euro= |
Currency |
Sell
Verkauf |
Buy
Ankauf |
Mid |
Spread % |
Calculations |
Comments:
- CHF has a bit
narrower spread, unsuprising as theres some close lock
agreement I believe, between CHF &
Euro, though
not found here: "6 September
2011, ,, the franc traded at 1.11 CHF/# and appeared headed
to parity with the euro, the SNB set a minimum exchange rate
of 1.20 CHF to the euro ('capping' the franc's appreciation),
Swiss National Bank abandoned the ceiling on 15 January
2015,"
- Suprising the Swiss/Euro spread is only
a bit less than British sterling/Euro
spread, maybe that suggest that little of the spread is
variant depending on different foreign risks, and most of the
spead is static common bank profit levied on any trade ?
- Interesting that dollar/Euro
spread is a bit bigger than sterling/Euro
spread, maybe cos USD
is more of an international reserve currency, thus subject to
more unpredictable pressure fluctuations ?
- Unusual that the spread on Euro to sterling
is larger with Stadt Spar Kasse Munich
than with Hypo Vereins Bank as
normally (not always) Stadt Spar Kasse
Munich offers more Euro than Hypo Vereins Bank to buy sterling
2019-05-29 from ljk@
xe.com mid rate 1 GBP = 1._____ Euro & 1 Euro = 0.88196
CF Euro to
pounds 1 Euro = 0.878.
difference .878 - .88196 / .88196 = 4.489999 % + Fee of GBP 2.5
2019-05-08:
xe.com mid rate before going to banks: 1 GBP = 1.16167 Euro & 1 Euro = 0.860828 GBP
xe.com mid rate after return from banks: 1 GBP = 1.16130 Euro & 1 Euro = 0.861101 GBP
xe.com mid rate average: 1 GBP = 1.16148 Euro & 1 Euro = 0.860964 GBP
CF after return from banks: 1 GBP = 1.1558 Euro
( 1.16130 - 1.1558 / 1.16148 = 0.0048903124 ie CF charge 5.5 per thousand or .55%
CF after return from banks: 1 GBP = 1.1558 Euro & 2220 GBP = 2,565.88 Euro
Hypo Veriens Bank Isartor (as customer) 1 Euro = 0.894 GBP 2500 GBP = 2,796.42 Euro
StadtSpark, Im Tal after 3EU non customer fee, 2500 GBP = 2,812.10 Euro
(Hypo Veriens is usually but not always worse than StadtSparkasse)
StadtSpark, Im Tal after 3EU non customer fee, (max 2.5K Euro non customer) 2220 GBP = 2,492.19 Euro
(So using StadtSparKasse instead of CF cost 2,565.88 - 2,492.19 = 73.69 Euro
73.69 / 2,565.88 = 2.87 % beyond CF, so 3.42% beyond mid market neutral rate.
Swapping direct between friends, avoiding banks, saves 3.4% each side !
The mega saving is avoiding physical banks.
The extra saved by avoiding net services like CF is negligible in comparison.
For a Brit in Munich, better to take surplus sterling notes back to Britain, pay in over counter,
then transfer to Euro using CF.
- xe.com: Mid
rate.
inc. Old History Rates
- German Banks all quote rates of what of a foreign currency
is worth one Euro. Its easier to go
expecting numbers like 0.85589, not 1.16849. All may need
passport, not always
- Stadt Spar Kasse Munich, between
Marien- Platz & Isartor, Mon, Tues, Wed, Fri 08:45-16:00;
Thurs 08:45-18:00 great impressive interior worth
seeing. Max per day is 2,500 Euro. They deduct a
flat fee of 5 Euro regardless of
amount, if no account.
- Hypo Vereins Bank
(UniCredit) 1 block outside Isartor Rumford
Str, Needs a customer account. No fee. Above low tourist
levels go to central office
- Deutsche
Bank, Cellar, Marienplatz
Max 2K or 2.5K Euro/ day. 5.50 EU
charge for non customers. They always quoted me to just 2 digit
precision - what a con, forcing one to Not know if a decent
rate without arguing for more info ! don't go any more. Prime
tourist trap on West of Marienplatz, since closed/moved
- Targo Bank
(Wiki),
22 Tal, 09:00-13:00 + 14:00 - 18:00 , No PM on Wednesday.
2.5 K Max
- Santander: Need to have
an account with Santander Germany. An account with Santander UK
is no use!
- Reisebank,
Main
Rail Station = Haupt bahn hof
Really Bad rate ! - Probably open extended hours for
travellers.
Some banks etc in UK inc. `
big four' in high street.
www . moneysavingexpert . com / banking / compare - best - bank
- accounts
I & others in UK & Germany have seen enough rip
offs, bank self satisfaction, avarice, computer incompetence,
& top bankers bloated salaries, For eloquence in Anglo
Saxon, join us over a beer ;-).
If a banker asked about computer security exudes posh suited
bland confidence & platitudes : They are ignorant &
hope you are too. If they look worried, admit ignorance &
direct you to more info, respect the probable honesty &
investigate.
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