Currency Exchange

[ventus2cxt]

I am a canadian capt working in India. I want to transfer money from my canadian bank account to my Euro bank account in Austria. I was recommended the site XE trade world Favorite Currency Site. WWW.XE.COM (http://www.XE.COM)
Any recommendation or issues with that company or any other way to transfer money electronically
Thanks

[bigoil]

just go bank to bank , why use a 3rd party

if you set it up you can do it on your computer or just go in with the acct number and transfer it.

I do from my Swiss acct in Euros to CAD either my USD acct or CAD acct and Jersey into a GBP acct on my computer every pay day just bank TX and currency fees

It takes time to set up the accts but once in place, zingo.

[DavidDn]

I had saved thousands using a currency broker, i didnt use XE (didnt get great rate from them), I looked at Moneycorp too, But I used Excel Currencies, I recommend a guy there Ashley Ingle his blog is Currency Blog | Rates & News Reports | Foreign Exchange Transfers | Ashley Ingle | Excel Currencies (ECFX) (http://currency-blog.com).

Just using your bank I really wouldn't recomend, you get terrible rates and they dont guide on a good time to fix a rate either.

[Capetonian]

Currency Exchange | Foreign Exchange | Online Forex Currency Trading | Money Without Frontiers (http://www.currenciesdirect.com) are another broker whom I've used a lot recently. Bank is not the way to go, it's only one level better than Western Union or Moneygram, good for small and quick transfers but very expensive.

[Sygyzy]

Probably the most cost effective way would be if you and I were able to agree a rate-perhaps half way between the two 'spread rates'-between ourselves. Or we could wait a day until the rate was more to our liking, and then do the exchange.

Currencyfair.com based in Dublin and regulated by the EU does this in an anonymous way. Everything goes into an escrow account, and the amount you wish to exchange is matched to (probably) more than one other party. I forget but I think their commission is a flat E3. Once the exchange is completed you can transfer it wherever you like.

Go and have a look. BBC R4 programme 'Wake up to money' gave them a good report/recommendation.

S

[doo]

I am in the UK and have used the UK wing of xe for a few years and find them quick and easy to use once an account is opened with them.
The history is they are a Victoria BC company which was recently bought by Western Union and traded under a different name in the UK when I 1st used them.
All via net when accounts set up with no fees if you do eft's , they make their money on the spread, and always have better than bank rates. Hope this helps.