Very bad Euro-GBP exchange rate
Thread poster: Tom in London

Tom in London
United Kingdom
Local time: 00:16
Member (2008)
Italian to English
Apr 30, 2010

I recently received a payment from Italy via Natwest.

Natwest applied a *miserable* exchange rate of 0.0846.

I know the exchange rate Euro/GBP is very bad at the moment but according to other sources, at today's rates the exchange should be not 0.0846 but more like 0.0876.

These apparently small differences are very important to me because I work on tight margins and have to compete with other translators based in Euroland, who do not have to absorb these costs.

I'm finding it difficult to access anywhere offering a comparison of the exchange rates offered by UK banks - not for tourist purposes or for transferring big sums, but for regular small transactions.

Can any of you esteemed UK-based colleagues suggest where I might find a website that compares these rates?

Are you, too, suffering from these poor exchange rates?

TIA


 
euro account May 4, 2010

Hello tom,

was about to ask a similar question myself regarding euro accounts. I've heard UK banks offer euro accounts for such transactions, but im looking for more information.


 


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Very bad Euro-GBP exchange rate

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