quote:
Originally posted by jimbo
Hi, We may have sold our house to buy a business in Florida.
Can anyone tell me how to get the money exchanged and take of advantage of the good rate at the moment. I have found it very confusing. I would need to open an American back account.
How do the exchange companies charge for exchanging?
I am assuming that the sequence of events would go something like this. Wire money from uk account to exchange company who wire money in US account...
Can anyone help???
Hi,
I agree with Steph. Take care or you could lose out on exchanges. But if you are certain this is the way you want to go why not make enquiries with an exchange company like moneycorp.
www.moneycorp.com. They will sell you $US at the commercial rate and will hold them in your account with them until you decide what you want to do with them. Maybe you should exchange a certain amount not all your UK finances with them in case you change your mind then you won't lose out too much on the rate if you have to convertback to uk pounds.
Just a thought, hope all goes well anyway
Kevin[msnwink]
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