LUMINOR LATVIA EURO vs GBP/USD EXCHANGE RATES
Compare Luminor euro currency transfer options to/from Latvia. You can beat Luminor euro bank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
| Luminor | EUR to GBP | EUR to USD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.851 to £0.854 | $1.127 to $1.131 |  |  | |
| TorFX | £0.853 | $1.13 |  | | |
| Wise | £0.854 to £0.855 | $1.132 to $1.133 |  | | |
| Luminor | £0.839 | $1.112 | |  |  |
Luminor Latvia International Money Transfers
International currency transfers to or from your Luminor account in the euro, UK pounds, US dollars and many other popular currencies will involve a margin or exchange rate of around 2.3% and additional bank transaction or commission fees may apply.
Luminor international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Luminor Latvia
Sending foreign currency to or from your Luminor bank account in Latvia needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 euro (EUR) using Luminor bank services would have a transaction exchange rate margin of around 2.3% – or 2,300 EUR. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 700 EUR in total, which is a large saving over the bank service.
Luminor Latvia – Other Useful Information
International money transfers from Luminor Latvia could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Luminor bank account holder to use their services. Luminor bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 5,000 EUR).
Unless you pay a premium, Luminor’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Luminor Bank, Latvia – About
Luminor (formerly DNB Latvia) was a subsidiary of the Norwegian company DNB AS. Luminor is spin off company of Nordea Banking Group and DNB – as Nordea and DNB entered into an agreement to combine their operations in Estonia, Latvia and Lithuania. In Latvia, Luminor has 27 local banking branches including 13 in the capital, Riga. Banking services are available for individual customers as well as businesses.
Luminor branch finder
Find Luminor branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Luminor branches in your search area results.
Contact Luminor from abroad
You can find answers to everyday banking questions at Luminor online. If you can’t find the answer you’re looking for, you can call them from outside Latvia on +371 67 17 1880
Luminor Latvia – Head office address
Luminor – Krisjana Valdemara iela 62, LV-1013, Riga, Latvia
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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