The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Invoicing in Foreign Currency - Exchange Rates
Post Info TOPIC: Invoicing in Foreign Currency - Exchange Rates
buckland10


Veteran Member

Status: Offline
Posts: 53
Date:
Invoicing in Foreign Currency - Exchange Rates
Permalink Closed

Hi all,

I need to invoice a new client in USD.  Where is the best place to get a (favourable?) exchange rate?  I've been using xe.com but I'm not sure that's the most beneficial.

Thanks.



__________________
Shamus


Forum Moderator & Expert

Status: Offline
Posts: 11981
Date:
Permalink Closed

These are not rates that you can shop around for the best exchange rate. The rate is the official one's from the bank of England.

See here.

http://www.bankofengland.co.uk/boeapps/iadb/Rates.asp

just type in the date and pick the rate.

XE would have been a very good second choice.

Cash wholesaler rates and forward contract rates would not be acceptable exchange rates to use.

kind regards,

Shaun.

__________________

Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Invoicing in Foreign Currency - Exchange Rates
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About