allow me to recommend new start-up <a href="http://transferwise.com">http://transferwise.com</a> which makes EUR-GBP transfers much cheaper (and more currencies coming soon)<br>I've used it personally several times with no problems. <br>
<br><br><br><div class="gmail_quote">2012/5/14 Martin Koppenhoefer <span dir="ltr"><<a href="mailto:dieterdreist@gmail.com" target="_blank">dieterdreist@gmail.com</a>></span><br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
2012/5/14 Andy Robinson <<a href="mailto:blackadderajr@gmail.com">blackadderajr@gmail.com</a>>:<br>
<div class="im">> The problem with opening more accounts is that they will each probably cost<br>
> money to service which somewhat offsets of course the benefit of zero<br>
> exchange commissions.<br>
<br>
<br>
</div>yes, this is obvious. What I am less sure about is how much the costs<br>
would raise for administration, bookkeeping and accountance (more<br>
accounts are also more work and probably things will become also more<br>
complicated if they are in different currencies). There is also the<br>
possibility to loose (or win) money because of raising or falling<br>
currency value/exchange rates.<br>
<br>
FYI, in 2010 we lost 1,787.31 GBP due to exchange fees, which is 8,7%<br>
of the whole income for 2010.<br>
<a href="http://www.osmfoundation.org/wiki/Finances/Income_2010" target="_blank">http://www.osmfoundation.org/wiki/Finances/Income_2010</a><br>
<div class="HOEnZb"><div class="h5"><br>
cheers,<br>
Martin<br>
<br>
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