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Cyprus Eastern Forum Index » Exchange Money & Rates » uk bank accepting euros
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uk bank accepting euros 
Post: #1   PostPosted: Wed Apr 22, 2015 12:55 pm Reply with quote
caledonia
Joined: 13 Feb 2006
Posts: 54
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Location: Scotland and Oroklini

 
We are hoping to sell our house in the near future.
can anyone tell me of a bank in Scotland that would accept euros and hold them till the exchange rate was more favourable please.
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Post: #2   PostPosted: Wed Apr 22, 2015 5:42 pm Reply with quote
Santorini Paul 1
Joined: 17 Jan 2007
Posts: 2736
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Location: Dherynia

 
Surely any bank will provide you with a Euro account. Also any FX company would also hold Euros for you and exchange when advised to do so and at a better rate than a bank.
Paul.
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Re: uk bank accepting euros 
Post: #3   PostPosted: Wed Apr 22, 2015 6:11 pm Reply with quote
debie
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Joined: 04 Dec 2007
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caledonia wrote:
We are hoping to sell our house in the near future.
can anyone tell me of a bank in Scotland that would accept euros and hold them till the exchange rate was more favourable please.


If the amount involved is significant to you then you should look at forward exchange contracts. You can set upside gain and downside loss, but they are highly specialised products.

There is no guarantee that in your lifetime that the exchange rate will be any better than it is at this current moment in time, so waiting for it to improve without a forward exchange contract could cost you a lot of money.
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uk bank accepting euros 
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