|We sell foreign currency...|
|Forex Sterling to Dollar Foreign Exchange|
US Dollar $ - GBP £ Pounds Sterling
If you've ever had to buy foreign currency at the airport, you'll know about the lousy foreign exchange rate and high commission. It's not the best way to start your holiday, so why not think ahead and buy from us!
We offer a highly competitive foreign exchange rate, we don't claim to be commission free like many high street services but as our selling price is just 2% below the exchange rate* we still offer the best rate we could find.
We don't charge a handling fee although we do charge postage, and there is no cash advance fee.
We did a comparison on 4th September 2012 and even with our postage charge of £9 plus £1 per £1,000 we still work out by far the best value.
No Handling Fee ✔
No Minimum or Maximum Order ✔
The quickest way to pay is online using a debit card. We can also accept payment by cheque, bank transfer or cash.
We can deliver to your door or you can collect from our showroom. We deliver using Royal Mail Special Delivery (fully insured) at the cost of £9 plus £1 per £1,000 spent.
We aim to be completely open, honest and transparent in all of our dealings - foreign exchange included.
To make it easy for you we compared four of the most popular foreign exchange services; the Post Office, Natwest, Tesco and Marks and Spencers.
The Post Office came out just below us with an exchange rate of 1.558 and free postage. This may work out better value for some people, but with a minimum order of £400, it might be too much just for spending money.
Tesco are just below us on the rate advertised. They show an exchange rate of 1.569 but they actually offer 1.5066. They also offer the option of collecting in store which may be more convenient for you.
Natwest and Marks and Spencers advertise their foreign exchange as no commission yet their rates on the day were 1.5653 and 1.5400 - difficult to work this out as no commission when the live rate on the day was 1.6117.
We also treat everyone the same, whether you are a previous customer or not, unlike all of the others who give preferential treatment to their credit card customers.
|Company||Rate Advertised||Rate Received||Actual Commission||Dollars Received||Postage||Minimum Order|
|Marks and Spencer||1.5653||1.4847||7.88%||$148.47||£5.00||£100|
Please note, all orders are subject to our normal terms and conditions.
The spot prices shown on the above link are international mid rates for indication only.
Our buy - sell prices will be 2% above and below the current mid rates, subject to rounding.
This is about half the usual rates charged by most other foreign exchange traders.
Forex Price Comparisons
A simple way to check the competitiveness of your usual foreign exchange service is to take their buy and sell prices, and divide the larger figure by the smaller figure, so for example, if your local bureau de change is quoting buy 1.54 sell 1.39, divide 1.54/1.39 = 1.1079; at this they would be making 10.79% "spread", or 5.54% "turn". Typically most exchange bureaux charge about 10% spread or 5% turn. By "turn", we mean half the total spread, roughly equal to their profit on an individual deal, less their costs.
Forex Sterling to Euro Foreign Exchange
|...at the Lowest Possible Price|
32 - 36 Harrowside, Blackpool, Lancashire, FY4 1RJ, England.|
Telephone (44) - (0) 1253 - 343081 ; Fax 408058; E-mail:
The URL for our main page is: https://24carat.co.uk