Can anyone help. i have a reasonable sum of money in euros that i need to transfer to the uk.

I have aske my bank they offered me an ex rate of 1.3677. I have contacted other companies an have been offered 1.2595.

Has anyone god any good ideas, thanks.

Hi Roofer, It's not just the exchange rate you need to consider, but also the commission or charge that the bank will add on. Because the rates are fluctuating so much at the moment, this one will just involve a bit of research on your part to find out the best place according to their exchange and rate, and ease of you to get there. Depending on how 'reasonable' the amount is, you may even be able to use a pre-paid card to transfer the money - check out the article on pre-paid cards here.

This is a good time to be exchanging Euros as the pound continues to weaken. The exchange rate you receive plus charges can make a big difference on larger sums of money, so you are right to shop around rather than just go straight to your bank.

Bruce Wilson, managing director of financial planning group Helm Godfrey suggests using a currency exchange company such as HiFX or Caxtonfx. He adds: “They offer better rates than most banks, fee and commission free. They make their money in the same way as banks, in the difference between the buy and sell prices i.e the spread, but lower overheads and economies of scale mean they can offer attractive rates. You would need to open an account with them either by phone, online or by post, fix a rate for conversion and then all transfers would be done electronically. The minimum amount for a one-off transaction would be £5000 or its equivalent.”

Cherry Reynard, Independent on Sunday

Am I right in thinking that for large amounts brought back into UK (eg proceeds of house sale), the banks require notarised sale documents etc as proof of origin of funds? What is the amount above which these documents are needed?