I want to transfer USD from a Philippine bank account to a UK bank account.
If the Philippine bank makes the exchange there is an exchange hit of about 4% compared to XE mid rate - they convert USD to Peso then Peso to GBP.
If I had the bank send the USD to a transfer agency who then sent GBP to the UK bank I could save three quarters of the exchange hit. I have looked at XE, Zoom, CurrencyFair, Transferwise, Moneycorp, UKForex, World First, but none of them accept a Philippine residential address. The address needs to be in the same country as the USD bank account.
Does anyone k