Hi folks

I want to convert CHF to Sterling in big chunks every now and then as most of my expenses are still in UK and I think sterling will perform better than CHF now that SNB have pegged themselves to the sinking ship (I mean Euro).

I heard XE gives a better rate than OANDA, is that correct? I am a little confused as the rate quoted on the front page is different to once you log into your account. I have just set up an account with XE and seemed fairly easy to do (OANDA have been taking forever to set up). However, the quote I get from XE once I log into my XE account is worse than the OANDA (that's if you go their currency convertor without having an account with them http://www.oanda.com/currency/converter/

Just wondered if anyone has any recent experience with these two. I mean who has the best deal these days? Thanks in advance.

The trading rate on XE is also different from their ticker. They just embed their commission in their trading rate.

I personally use XE and never had a problem. The deposit to the destination currency always happen the next day. Maybe someone else can comment on Oanda.

I used Oanda a couple of weeks ago... never used xe.

They asked for a number of documents to verify identity, etc., but the transfer itself was quite smooth. They try to make it as error-proof as possible, particularly the transfer into the Oanda account.

Rateswise, it was my understanding Oanda offered better rates than Xe, which is why I use them... flat 25 dollar fee, with the exchange rate being the same as the interbank one. Works great for large amounts (> 2k ?), though for smaller amounts, probably not so good.