Lumon offer competitive exchange rates when compared to the high street banks.
First things first. Let’s talk money. When it comes to sending funds abroad, every penny matters. By using our service, our clients can make savings compared to the high street banks. We’ve compared our rates when exchanging £50,000 into Euros*.
*This chart is intended to represent the range of euro outcomes a consumer may achieve on a £50,000 transfer of pounds to euros, inclusive of fees and charges.
Comparison data for the high-street banks utilises pricing data provided under licence from FXC Intelligence (www.fxcintel.com), a specialist benchmarking tool, for transactions in March 2021.
The Lumon rate is calculated by identifying the average margin across 98 spot GBP to EUR transactions with a value in the range of £25,000-£50,000 performed by Lumon Pay Ltd (“LPL”) for personal clients during March 2021. The margin is calculated using the mid-market rate, obtained from www.exchangerates.org.uk on the day the transaction was performed.
Foreign exchange rates are always moving and quotes will vary. For a live quote please call +44 (0)203 384 7280 today.