a boat in Panama
and have purchased it for a set US $ ammount.
Anyone got any tips on how to exchange British Pounds to US Dollars and do the transfer to get the best rate?
I have the 2nd option of paying into the sellers UK bank account as well but what rate is the one to fix the transfer at?
I've worked it out and the variance on the exchange on a tranfer of this size is a couple of thousand at the sites and banks that have quoted.
Anyone been through this and have any advice on the best approach?