Personal Customer Case Studies

The case studies below are based on real transactions made by some of our clients. Their names have been changed to maintain their confidentiality.

Case Study 1 - client moving from the UK to the US

Nigel sold his house in the UK for £250,000 as he was relocating to the United States. He needed to convert the £250,000 proceeds into U.S. Dollars to purchase a U.S. property to live in.

Nigel contacted his local bank and was quoted a GBP/USD exchange rate of 1.5000 to sell his £250,000 and purchase U.S. Dollars. This meant he would receive $375,000, and the bank would have also charged him a £30 fee (USD $45).

Nigel then asked UKForex for a quote and was given a much better GBP/USD exchange rate of 1.5450 for him to sell his £250,000 for U.S. Dollars. This meant that Nigel received $386,250 for his Pounds, and he did not have to pay a fee.

Nigel saved: $11,250 from the better exchange rate at UKForex
$45 by not having to pay his bank's fee


Case Study 2 - UK Client Buys Boat From Greek Seller

John, a London-based boating enthusiast, needed to purchase 20,000 Euros with British Pounds to pay for a boat that he wanted to buy from its Greek owner.

John initially asked his local UK bank for a quote on the EUR/GBP exchange rate and received a rate of 0.8500. This rate would result in a Pound Sterling cost of £17,000 for the 20,000 Euros required to make the purchase. His bank also wanted to charge him a £15 fee.

John registered with UKForex and was quoted a EUR/GBP rate of 0.8050 for him to buy the 20,000 Euros. This resulted in a cost of only £16,100, without having any fees charged to him.

David saved: £900 on the rate 
£15 on the fee
£915 TOTAL 

Currency Converter

Market Rate For information purposes only. Terms of Use
For details, see My FX Dashboard

For UKForex’s customer rate
Log In or Register Now
Rate: 1.2366
Rate: 0.8087

Register Free

Send money overseas at better rates than the banks.

Get our Free Commentary

RSS Follow Facebook Twitter Follow on LinkedIn Google Plus Follow on YouTube

Get free rate alerts

Choose currency pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.

NOTE: These rates are for informational purposes only

UKForex is rated 4.5 stars by Trustpilot based on 125 reviews.

IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes or should be construed as financial advice. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites.

UKForex is registered in England and Wales (company no. 04631395) with registered office at 1st Floor 85 Gracechurch Street, London EC3V 0AA.

DISCLAIMER: UKForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

UKForex provides international money transfer services to individual clients and business customers. Use our free currency calculator, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

UKForex is authorised by the Financial Conduct Authority (FRN: 521566) for the provision of payment services. 

Money Laundering Regulation Number (MSB): 12219180. Issued by HM Revenue & Customs (HMRC)
Read our Money Laundering Statement

Privacy Policy