Hi there,
With regards to the different FX companies, to be honest - its a much of a muchness. I work for ASB Bank in London who also uses commercial FX rates, and we find that virutally all the brokers (including us) have the same rates. I haven't heard of World First before, and I'd be inclined to double check that they are regulated by the FSA for your peace of mind! The best way to get the best rate is to call all the companies up within minutes - that will give you the best indication of what margins are being used as the rates do literally change second by second! Don't just refer to websites as they all post the mid-market rate rather than the commercial rate that you actually get! Hope this helps! And it could've been worse - I had customers getting 2.39 around Dec 2005! Good luck!
Regards,
Kate Lancaster
ASB London
Ph 020 7710 3592
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