sending currency abroad

A question about : sending currency abroad

I have to make fairly regular payments to Portugal,(amounts under 2000Ј) what is better, to send a sterling cheque there or to transfer via travelex? Would be grateful for some advise.

Best answers:

• I recommend using an international money transfer specialist to get the very best rates and lowest fees. Transfers to Europe will usually arrive within 24 hours. Ensure that the company you use is FSA Authorised as this will mean your funds are kept in a protected account and the company has to go through ongoing stringent security, financial and compliance checks.
• Hi, I have booked a holiday for a large group to Barbados, hence quite a lot of money in total. It's a private villa rather than a package deal so we have to pay them by sending US dollars to an account in New York first which then gets transferred to the Bajan account. Every time we do this my bank, HSBC, charges Ј30. Also we are at the mercy of the exchange rates at the time of paying
  2 questions:
  1) Is there a cheaper way of transferring funds?
  2) How do I judge the best time to pay to get the best rates?
• Most international money transfer specialists charge Ј12 to Ј15, if it is a large amount they will sometimes waive the transfer fee. You would get a much better rate than your bank offers.
• I use Caxton FX 'Fast Pay' to transfer money. No additional charge on the exchange rate. Min Ј100 transfer. I have just transferred Ј117.30 (135 euro) at a rate of 1.1509 euro/Ј. The current rate on the foreign exchanges is 1.17415 euro/Ј. No extra charge what so ever. Free to register and money taken from your account via Debit Card.
  https://www.caxtonfx.com
  Choose - Currency Service > For You - for full details & Application tab.
• I recommend trying
  https://www.moneymoveit.com
  only Ј1.99 charge per transaction and seems to have decent exchange rates.
• Is it not best to use Western Union?
• I always use eurochange for quick transfer. It is extremely easy way to transfer money abroad. If you are trying to transfer amounts between Ј500 and Ј5,000 on an intermittent basis then Quick Transfer is the best way for you. All you need to do is get registered and put your personal details, along with the inputs regarding the place where you would like to transfer your fund and the amount you want to transfer.
• The cheapest (practically zero fees), fastest and most secure way to do this is with Bitcoin.
  For all its faults, international money transfer is Bitcoin's one area where it beats all others hands down.