When sending money abroad, the best service to choose depends on how much you need to send. The data we’ve collected shows this very clearly.

We compared the best options for a EUR-GBP transfer between France and the United Kingdom for 21 different amounts, and we found that the ranking of the different available provider was different for almost every amount.


As you can see in the graph above, there are five different providers who at some point end up at the first position. This means that if you want to send €100, €300 , €2,000, €50,000 or €1,000,000, you will want to use a different company in order to always get the best deal.

These variations are due to the complex pricing structures of money transfer providers, who make their living from transfer fees (which can have a fixed and a variable component) and on the exchange rate margin. The contribution of these two components to the total cost will change depending on how much you send. As a general rule, money transfer companies will take lower margins on the exchange rate margin and apply lower (or even zero) fees for larger transfers.

Our analysis also shows that foreign exchange companies such as FrontierPay or FairFx are among the most expensive solutions for transfers below €1000, while they are the two best options for very high value transfers. On the other hand, providers such as Xendpay, who take a very small margin on the exchange rate but a percent transfer fee, tend to be very competitive for smaller transactions but less so for amounts above a few thousands euros.

At the time of our analysis (4th April 2017), CurrencyFair was dominating the largest range of amounts between €750 and €15,000, due to a very good exchange rate and low fees.

What this means for you if you’re sending money abroad, is that you have to make sure to compare the costs for the exact amount you need to send, in order to get the best deal for each of your transactions.

This analysis is only one example of the many insights we can gain from the data we collect on a daily basis. If you’re interested in getting access to our data to make your own research, don’t hesitate to get in touch with us.