I have about £100'000 to transfer from the UK to Euros.
I'm trying to figure out a way of doing the transfer to avoid losing money to the middleman.
How much of a cut will a bank normally want to make on a transfer of this size ?
For example, if I transfer £100'000 to euros, and immediately transfer the Euros to Sterling again (when the exchange rate is the same), how much would I expect to have, would it be less than £99'000 ?
I'm just trying to get a picture about how much the banks make on large currency transactions