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Currencies Direct

Currencies Direct

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£100
0
0.7%
1.110
110,960.80 EUR
FCA Regulated

Barclays

Barclays

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
15
4.9%
1.063
106,267.59 EUR
FCA Regulated


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HSBC

HSBC

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£100
30
5%
1.062
106,155.85 EUR
FCA Regulated


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Santander

Santander

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£100
19
5%
1.062
106,155.85 EUR
FCA Regulated


Quick Quote

RBS

RBS

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£100
20
5%
1.062
106,155.85 EUR
FCA Regulated

Eiger FX

Eiger FX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
5000 GBP
gets you
FCA Regulated
£1000
Free
1%
1.106
5,531.28 EUR
FCA Regulated


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BNP Paribas

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
5000 GBP
gets you
FCA Regulated
£5000
25
5.1%
1.060
5,302.21 EUR
FCA Regulated


Quick Quote

Allied Irish

Allied Irish

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
5000 GBP
gets you
FCA Regulated
£5000
25
5%
1.062
5,307.79 EUR
FCA Regulated


Quick Quote

Bank Foreign Exchange Rates - Best Bank Currency Exchange Rate

Bank Currency Exchange Rates

Bank Exchange Rates, Searching for money saving expert money exchange & transfer in UK? We are the best money transfer money comparison & money exchange rates websites who provide you at minimum commission.

Understanding how currency exchange rates work is important for businesses, investors, currency traders and, of course, vacationers. But what causes currency exchange rates to fluctuate up >and down? This article breaks down the world of currency exchange, from the fundamental to the complex.

Best Bank Foreign Exchange Rate

Here are factors that affect currency exchange rates:

  1. Bank Rates Supply and Demand
    Currency can be bought and sold just like stocks, bonds, or other investments. And just like these other investments and almost anything else you can buy or sell - supply and demand influences price. Supply and demand is one of the most basic economic principles, but nevertheless can serve as a good starting point to understand why currency exchange rates fluctuate.

  2. Bank Rates and Political Stability?
    Currency is issued by governments. In order for a currency to retain its value (or even exist at all) the government which backs it has to be strong. Countries with uncertain futures
    (due to revolutions, war or other factors) usually have much weaker currencies. Currency traders don't want to risk losing their investment and so will invest elsewhere. With little demand for the currency the price drops.

  3. Bank Rates Economic Strength?
    Economic uncertainty is as big of a factor as political instability. A currency backed by a stable government isn't likely to be strong if the economy is in the toilet. Worse, a lagging economy may have a difficult time attracting investors, and without investment the economy will suffer even more. Currency traders know this so they will avoid buying a currency backed by a weak economy. Again, this causes demand and value to drop.

A strong economy usually leads to a strong currency, while a floundering economy will result in a fall in value. This is why GDP, employment levels and other economic indicators are monitored so closely by currency traders.

  1. Bank Rates Inflation?
    Low inflation increases the value of a currency, whereas high inflation usually makes the value of a currency drop. If a candybar costs $2 today, but there is 2% inflation then that same candy bar will cost $2.02 in a year - that's inflation. Some inflation is good, it means that the economy is growing but, high inflation is usually the result of an increase in the supply of currency without an equal growth in the real value of a country's assets.

Think of it like this, if there is more of something then it's usually worth less - that's why we pay so much for rare autographs and collectors' items. With more currency in circulation the value of that currency will drop. Inflation results from a growing economy, this is why China, India and other emerging economies typically have high growth and high inflation - and their currencies are worth less. Zimbabwe experienced hyperinflation throughout the late 1990's and 2000's reaching as high as 79.6 billion percent in 2008, rendering the currency near worthless.

But wait, right now many European countries have low, or even negative inflation so how is it that the euro is dropping? Well, inflation is just one of many factors which impact currency exchange rates.

  1. Bank Rates Interest rates?
    When the Bank of Canada (or any other central bank) raises interest rates it's essentially offering lenders (like banks) a higher return on investment. High interest rates are attractive to currency investors, because they can earn interest on the currency that they have bought. So when a central bank raises interest rates investors flock to buy their currency which raises the value of that currency and, in turn, boosts the economy.

But remember, no one single factor influences currency exchange. Often times a country will offer a very high interest rate but the value of that currency will still fall. This is because despite the incentive of profiting from a high interest rate, traders may be wary of the economic and political risks, or other factors - and thus refrain from investing.

  1. Bank Rates Trade Balance?
    A country's balance of trade (meaning how much a country imports vs how much that country exports) is an important factor behind exchange rates. Simply put, balance of trade is the value of imports minus the value of exports.

Bank Foreign Exchange Rates

If a country has a trade deficit, the value of their imports is greater than the value of their exports. A trade surplus occurs when the value of exports exceeds the value of imports.

Best Bank Currency Exchange Rate

When a country has a trade deficit it needs to acquire more foreign currency than it receives through trade. For example, if Canada had a trade deficit of $100 to the US it would have to acquire $100 in American currency to pay for the extra goods. What's more, a country with a trade deficit will also be over-supplying other countries with their own currency. The US now has an extra $100 CND that it doesn't need.

Bank Currency Exchange Rate

Basic supply and demand dictates that a trade deficit will lead to lower exchange rates and a trade surplus will lead to a stronger exchange rate. If Canada had a $100 trade deficit to the US then Canadian demand for USD would be high, but the US would also have an extra $100 Canadian so their demand for CAD would be low - due to excess supply.

Save Money by Choosing the Best Foreign Exchange Companies?
Not only businessmen but also individuals can save ample amount of money just by choosing the best foreign exchange company. There is a long list of the best foreign exchange companies available in the UK. You just need to compare them online to get the best deals on currency exchange rates while transferring money abroad. Below are some of the options that you may like to choose:

Compare Money Transfer Companies Top 10

Make Large Personal Money Transfer Payments?

Open Personal Trading Account Need to make large international money transfer payments? Maybe One-off currency transfer? Open a free no obligation currency trading account. Once opened you can buy and sell currency online or speak to your account manager.

Business Currency Exchange Payments?

Open Business Trading Account Business currency exchange payments with tight margin rates. Not sure you are getting the best rate of exchange? Contact us today. Open a business currency trading account. Once opened trade currencies online or get currency advice from you account manager.

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