The Croatian Kuna buy back rates below were last updated 25 minutes ago
If you’ve ever tried selling Croatian Kuna in the past you might have some idea of how hard it can be to get a good deal. High street banks and travel agents typically offer very bad exchange rates and most bureau de change will add commission or fees to your order which affects the amount of cash you end up with. What’s worse: there is no standard process for buying currency back in the UK – each buyer sets their own terms and conditions, and a lot of places will only buy currency back that they originally sold you in the first place – and you’ll need a receipt as proof!
Thankfully, a growing number of licenced currency brokers are now accepting Croatian Kuna sent to them by post – and they are prepared to offer much better rates than you’ll find anywhere on the high street. They are able to do this because they trade large amounts of currency on a daily basis and the Croatian Kuna they buy from one customer may be sold directly on to the next; cutting out the banks and passing the savings directly on to you.
Placing an order online is simple. Choose a buyer, complete an online form, print it out and pop it in the post together with your currency. You’ll be contacted to confirm your order as soon as your currency has been received and you can expect payment directly into your nominated bank account within one working day. There are no hidden fees and no commission is added to your order so you’ll know exactly how much money you’ll receive right from the start – it really is as simple as that!
The Sterling value of your order is calculated by dividing the number of Croatian Kuna you have by the current exchange rate. For example:
Say you have 1000 Croatian Kuna and the exchange rate is 9.3000. The Sterling value is calculated by:
1000 HRK / 9.3000 = £107.53
Now using the same amount but with a higher exchange rate of 9.6000:
1000 HRK / 9.6000 = £104.17
So the lower exchange rate (9.3000 in this case) yields more Pounds for your Croatian Kuna.
Unless specified in the buyer’s description then most will not accept coins because they are heavy (which makes them expensive to post) and their low value makes them difficult to exchange at the bank. If you have a few spare coins you might want to consider saving them for your next holiday or perhaps donate your Croatian Kuna to charity instead.
If you have a large volume of coins, please contact us with details as we may be able to find you a buyer privately.
We recommend you post your Croatian Kuna via Royal Mail Special Delivery which is a guaranteed next working day service and requires a signature on delivery. This service is fully trackable, can be insured for up to £2500 per package (orders over this value will need to be split into multiples of £2500) and costs from as little as £6 depending on the value of the order.
You can find out more and pay for your postage online on the Royal Mail website.
If you are unsure about the best postage option just ask at the counter of your local branch.
Most buyers aim to pay you within one working day of receiving your currency and you’ll be paid directly into the bank account you nominate when you place your order.
Exchange rates change frequently throughout the day so it’s likely that the rate you get when you place your order will have changed by the time your order arrives. In most cases this will not be a problem – buyers expect this to happen and will honour the rate you received when you placed your order providing you get your currency to them as soon as possible.
In some cases where there is a long delay between when the order was placed and when it was received, or where the Croatian Kuna rate changes significantly within a short period of time, a different rate may be offered. You don’t have to accept any offer made to you but you may be charged a small fee to cover postage if you would like your currency returned. The buyer will always contact you by phone or email to confirm your order regardless of whether the exchange rate changes before they process your order.
When selling Croatian Kuna you want the exchange rate to be as low as possible because the Sterling value is calculated by dividing the amount of currency you have by the buy back exchange rate. This may seem counter-intuitive so let's see an example based on the comparison above.
If you have 1500 Croatian Kuna and the lowest (best) exchange rate is 8.9840, the Sterling value is calculated by:
1500 / 8.9840 = £166.96
Now using the same amount but with a higher exchange rate of 9.4236:
1500 / 9.4236 = £159.17
So the lower exchange rate yields more Pounds for your Croatian Kuna. Our comparison table above automatically calculates these amounts for you so you can see at a glance who is offering the best deals.
Over the past week the Croatian Kuna buy back rate has worsened by 0.13% from last Wednesday's rate of 8.972 to today's rate of 8.9840 which means kn1500 is worth £0.22 less today than it did a week ago. During this period the worst time to sell is right now at 8.9840 and the best time to sell was on Sunday at 8.786.
The 90 day outlook has seen the Croatian Kuna buy back rate worsen by 3.86% from 8.65 on 24th October 2016 to 8.9840 today. Based on these figures, kn1500 is worth £kn6.45 less today than it did three months ago. The worst buy back rate we recorded was 9.258 on 15th December 2016 and the best buy back rate we recorded was 8.542 on 30th October 2016.
Posted by Peter Rudin-Burgess on 6th January 2017
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