First check FXcompared.com to find out which companies offer the most competitive exchange rate.
So far as the article below was published, there are less costly alternatives to banks for currency conversions, including World First and OFX Group, among many others. Both OFX and WorldFirst are established, regulated, international money-transfer companies. Both can execute a €10,000 transaction or the equivalent (about $11,580 at current interbank exchange rates) at a spread of 1% from the interbank rate with no additional fees, and they offer better terms with larger and more frequent activity.
https://www.wsj.com/articles/why-banks-may-not-be-the-best-place-to-convert-currency-1533520981
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