I recently converted GBP to CAD using the XE Trade online service - believing that this was the best I could do.
I needed about CAD12,500 which cost me about GBP5,700
Then I looked on the Travelex web site and found the rate to be substantially better (GBP5,300).
At the same time, the Travelex website from Australia (which I happened upon by chance) gave me the same CAD conversion for GBP5,000.
The XE trade included wiring to the Canadian recipient I believe, and the Travelex site was not giving and online service, but apart from that, these discrepancies seem incredible.
Does anyone know what gives here, and where can I get good advice on the best way to handle such transactions?
Any help would be welcome!