Here's a question for forex and maybe some others: I need to wire funds to a European AD. Is there a bank in town that has a much better f/x rate than others? Citi's f/x rate loses me about 1.95% on the transaction, plus a wire fee. I know there will be some vig I have to pay on a foreign currency exchange, but I'd like to pare it down.
This is a great question as I have noticed the same with my Citi transfers.
Is there a currency broker you would recommend?
I was thinking when the euro reaches parity in the coming six months to park some funds in a euro denominated account to fund future purchases. I am still researching how to do this as it sounds like it should be really simple - but haven't found that to be the case.