Traditional high street banks set their exchange rates at the start of each day
A Currency Exchange (Geldtransfer ins Ausland) Broker may be of value to you if you are planning on transferring funds internationally; their purpose is to focus on getting the best rate possible for their clients. The Key benefits of using a broker include; faster transfers, in many cases same-day payments, rate alerts and currency market updates. The biggest advantage of using a broker instead of the more traditional method of a high street bank is that; most banks set their exchange rate at the start of each day, whereas brokers use the live interbank to base their rate on at the time you call them; making brokers rates far more competitive.
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