I run/own a business that carries out all transactions in USD, thus nearly all my cash is held in a USD account.
In order to pay salaries, dividends, domestic invoices etc. I need to keep my GBP account topped up which means exchanging between currencies.
Until now I’ve used my bank to carry out the exchanges and never much questioned the rates they’ve given me, but with rates as they are right now I’ve begun to look at foreign exchange companies that may be able to beat the rates given by my bank and help save a sufficient amount of money.
Does anyone regularly exchange reasonably significant amounts of foreign currency and can recommend the best means of doing so, or better yet work in the industry and can offer any advice?
Currently banking with Lloyds, but not against switching accounts if anyone has any better suggestions.
Thanks a lot.
In order to pay salaries, dividends, domestic invoices etc. I need to keep my GBP account topped up which means exchanging between currencies.
Until now I’ve used my bank to carry out the exchanges and never much questioned the rates they’ve given me, but with rates as they are right now I’ve begun to look at foreign exchange companies that may be able to beat the rates given by my bank and help save a sufficient amount of money.
Does anyone regularly exchange reasonably significant amounts of foreign currency and can recommend the best means of doing so, or better yet work in the industry and can offer any advice?
Currently banking with Lloyds, but not against switching accounts if anyone has any better suggestions.
Thanks a lot.
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