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Best cashout option for $ to £

May I have your thoughts please?

I've finally reached a cashout threshold and have the choice of giving P@ypal or IBAN details. I know I'll lose something due to the exchange rate and I expect both the bank and P@ypal will have some admin fees. So how do I work out how to get most of my $20?

Thanks
Saving a house deposit. Member no.7 100% of target :D

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