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    Citibank GBP Exchange Rates Reviewed

    It's hard to predict the currency markets, but you can always save money by comparing Citibank sterling exchange rates and fees to those charged by market leading FX providers.

    Citibank Money Transfer

    Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.

    FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.

    When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.

    While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.

    How do Citibank international wire exchange rates compare?

    Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

     

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    You Can Save Money when you Compare Citibank Exchange Rate Margins & Fees

    The above comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction by Citibank versus the market mid-rate. It is easy to calculate any savings available from popular market-leading FX providers.

     

    Is Pound Sterling expected to go up or down?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling current value is to look the GBP performance against a range of other currencies over various time periods.

    The following table looks at the performance of the GBP exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.


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