The comparison table above helps you see the total cost of your OFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
OFX - GBP Rate Margin Analysis
The average GBP rate margin offered by OFX is 3.0%.
This average is based on individual GBP 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by OFX for British pound (GBP 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: GBP/CZK is range-bound, slightly above the 90-day avg, near the middle of the 3-month range.
Key drivers:
• Bank of England cautious on rate cuts, Czech National Bank steady on rates.
• Stable oil prices influencing UK's trade balance.
• Slowing UK GDP growth expected, affecting pound.
Range: GBP/CZK likely to remain in its tight range, influenced by broader FX trends.
What could change it:
• Upside risk: Strong UK economic data could bolster the pound.
• Downside risk: Geopolitical tensions or poor UK data could weigh on the pound's value.
#GBP #CZK #forex
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GBP to CZK Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Czech Republic horuna across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
OFX Send Money conversion rate for GBP to CZK?
The OFX GBP to CZK exchange rate is 27.86. This is -0.5% compared to the latest GBP-CZK mid-market rate 28.00.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to Czech Republic horuna (CZK) rates from different sources before making a conversion.
The above
OFX - Sterling to Horuna comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest GBP-CZK mid-rate and the possible savings of using various providers.
How do OFX GBP-CZK rates compare between providers?
Looking at the full
GBP to CZK - Send Money comparison table the provider with the best GBP to CZK exchange rate is OFX at 27.86, -0.5% from the latest mid-market rate 28.00.
The next best is Wise at 27.84, -0.57% from the mid-rate.
Then XE at 27.83, which is -0.61% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like OFX or platforms that offer rates closer to the mid-market rate.