International payments in złoty
Versie door Jeroen Strompf (overleg | bijdragen) op 27 dec 2021 om 08:55 (→Payment from a Dutch euro account to a Polish złoty account)
I'm from The Netherlands. What is the most cost-effective way to pay a large amount in Polish złoty (PLN)?
Last updated: Dec. 2021.
What is the 'actual' exchange rate?
In the autumn of 2021, I phoned Rabobank to ask them how to pay a large amount in PLN and how this all works. Amongst others, they explained me that there is basically just one exchange rate, and that they use this exchange rate + an offset.
Since then, I came to doubt if it is very practical to look at exchange rates in this way, as I see everywhere different amounts, some wildly different.
Anyhow, this 'basic exchange rate' is what you see e.g., on Google
Payment from a Dutch euro account to a Polish złoty account
Example R. - 2021.12.10
I payed from my Dutch Rabobank account to a Polish Alior Bank account:
- The receiving bank determins the exchange rate (you can't actually see that here, but trust me)
- Alior exchange rate: 4,402800. The a