Live rate: 1 AUD = 2283.8166 UGX (-0.4331%)

Inverted: 1 UGX = 0.0004 AUD

Click here for our full travel and holiday rates comparison tool.

Comparison Results:

ProviderExchange RateFeeYou GetServiceNotesAction

Live Market Rate

2283.816602,260.9784
wise 2,283.81660.9%2,263.2623 Best Multi-Currency Card The UK's leading payment provider

Best Bank Rate

Banks
2,219.8697

(upper range)

Variable2,219.8697 Payments, transfers, holiday money Determined using data on spread charges supplied by IMTI

Worst Bank Rate

Banks
2,203.8830

(lower range)

Variable2,203.8830Payments, transfers, holiday money Determined using data on spread charges supplied by Money Mover and Accourt

Paypal

Paypal
2,181.044902,181.0449 International Payments and Transfers

AUD/UGX Live Chart and Data

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For full historical data please visit: AUD/UGX exchange rate history pages for the year 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012

January - 2024

SunMonTueWedThuFriSat
1
2

Open: 2,576.8000

Close: 2,581.5100

Mid: 2,582.5100

3

Open: 2,569.3800

Close: 2,558.1500

Mid: 2,562.2900

4

Open: 2,569.3800

Close: 2,558.1500

Mid: 2,562.2900

5

Open: 2,558.6900

Close: 2,534.8700

Mid: 2,543.8900

6
7
8

Open: 2,543.9100

Close: 2,534.2800

Mid: 2,535.3400

9

Open: 2,547.1400

Close: 2,543.1600

Mid: 2,545.1950

10

Open: 2,542.2100

Close: 2,542.4100

Mid: 2,546.0850

11

Open: 2,542.5600

Close: 2,540.8500

Mid: 2,541.9000

12

Open: 2,535.8100

Close: 2,537.3500

Mid: 2,541.4750

13
14
15

Open: 2,537.7600

Close: 2,538.4600

Mid: 2,539.2750

16

Open: 2,537.3800

Close: 2,513.9900

Mid: 2,525.3350

17

Open: 2,513.5300

Close: 2,501.9600

Mid: 2,506.5900

18

Open: 2,513.5300

Close: 2,501.9600

Mid: 2,506.5900

19

Open: 2,497.4500

Close: 2,507.8600

Mid: 2,504.2550

20
21
22

Open: 2,506.4000

Close: 2,506.9000

Mid: 2,509.2450

23

Open: 2,507.3500

Close: 2,515.2100

Mid: 2,512.0750

24

Open: 2,515.4000

Close: 2,511.0100

Mid: 2,514.0900

25

Open: 2,510.5400

Close: 2,515.6000

Mid: 2,515.2050

26

Open: 2,510.5400

Close: 2,515.6000

Mid: 2,515.2050

27
28
29

Open: 2,515.6000

Close: 2,519.1700

Mid: 2,516.7700

30

Open: 2,519.2200

Close: 2,514.3200

Mid: 2,518.2150

31

Open: 2,515.3600

Close: 2,504.6600

Mid: 2,511.0950

February - 2024

SunMonTueWedThuFriSat
1

Open: 2,502.8900

Close: 2,494.2400

Mid: 2,496.3600

2

Open: 2,494.3800

Close: 2,511.1900

Mid: 2,506.5750

3
4
5

Open: 2,509.8100

Close: 2,485.3800

Mid: 2,496.0400

6

Open: 2,484.9300

Close: 2,484.7600

Mid: 2,487.5650

7

Open: 2,500.5200

Close: 2,493.6200

Mid: 2,498.2000

8

Open: 2,493.6600

Close: 2,489.0500

Mid: 2,491.6100

9

Open: 2,489.3900

Close: 2,512.4100

Mid: 2,501.4750

10
11
12

Open: 2,508.3000

Close: 2,518.5800

Mid: 2,514.4900

13

Open: 2,518.6900

Close: 2,509.4700

Mid: 2,513.3050

14

Open: 2,509.6500

Close: 2,510.0600

Mid: 2,509.8500

15

Open: 2,509.6500

Close: 2,510.0600

Mid: 2,509.8500

16

Open: 2,514.2000

Close: 2,529.5400

Mid: 2,521.5950

17
18
19

Open: 2,514.2000

Close: 2,529.5400

Mid: 2,521.5950

20

Open: 2,539.2700

Close: 2,538.3700

Mid: 2,541.1300

21

Open: 2,539.0700

Close: 2,546.7000

Mid: 2,545.1600

22

Open: 2,545.8100

Close: 2,556.5100

Mid: 2,554.0200

23

Open: 2,545.8100

Close: 2,556.5100

Mid: 2,554.0200

24
25
26

Open: 2,545.8100

Close: 2,556.5100

Mid: 2,554.0200

27

Open: 2,545.8100

Close: 2,556.5100

Mid: 2,554.0200

28

Open: 2,574.0800

Close: 2,556.4300

Mid: 2,565.6700

29

Open: 2,556.3700

Close: 2,557.4500

Mid: 2,557.6600

March - 2024

SunMonTueWedThuFriSat
1

Open: 2,557.7500

Close: 2,550.8800

Mid: 2,554.0450

2
3
4

Open: 2,550.1700

Close: 2,550.2400

Mid: 2,550.9850

5

Open: 2,550.9500

Close: 2,542.2300

Mid: 2,544.6100

6

Open: 2,542.2300

Close: 2,568.6800

Mid: 2,555.3850

7

Open: 2,567.5400

Close: 2,572.3900

Mid: 2,574.1250

8

Open: 2,572.2800

Close: 2,582.4000

Mid: 2,580.4700

9
10
11

Open: 2,572.2800

Close: 2,582.4000

Mid: 2,580.4700

12

Open: 2,588.9300

Close: 2,569.6600

Mid: 2,583.2200

13

Open: 2,570.7100

Close: 2,579.8800

Mid: 2,575.5750

14

Open: 2,574.1300

Close: 2,567.2400

Mid: 2,571.5050

15

Open: 2,567.7500

Close: 2,550.4200

Mid: 2,557.7450

16
17
18

Open: 2,548.0600

Close: 2,549.7500

Mid: 2,550.6200

19

Open: 2,551.3100

Close: 2,529.2900

Mid: 2,539.1750

20

Open: 2,525.1900

Close: 2,533.4600

Mid: 2,528.0950

21

Open: 2,532.9600

Close: 2,568.9200

Mid: 2,550.3150

22

Open: 2,532.9600

Close: 2,568.9200

Mid: 2,550.3150

23
24
25

Open: 2,545.2900

Close: 2,547.8700

Mid: 2,546.6500

26

Open: 2,540.6300

Close: 2,539.2600

Mid: 2,540.3300

27

Open: 2,539.7700

Close: 2,534.4200

Mid: 2,536.3100

28

Open: 2,534.9100

Close: 2,526.6600

Mid: 2,527.8700

29

Open: 2,527.6800

Close: 2,535.7200

Mid: 2,530.5150

30
31

April - 2024

SunMonTueWedThuFriSat
1

Open: 2,532.8900

Close: 2,537.2900

Mid: 2,534.8100

2

Open: 2,520.7100

Close: 2,526.3000

Mid: 2,524.4100

3

Open: 2,521.6200

Close: 2,524.7200

Mid: 2,522.0550

4

Open: 2,524.7400

Close: 2,539.7500

Mid: 2,535.4150

5

Open: 2,540.3300

Close: 2,519.5700

Mid: 2,529.6350

6
7
8

Open: 2,518.2900

Close: 2,522.5200

Mid: 2,520.4800

9

Open: 2,520.4300

Close: 2,516.1200

Mid: 2,517.6800

10

Open: 2,516.1300

Close: 2,499.0300

Mid: 2,505.7850

11

Open: 2,480.8400

Close: 2,488.0100

Mid: 2,483.9700

12

Open: 2,480.8400

Close: 2,488.0100

Mid: 2,483.9700

13
14
15

Open: 2,458.9100

Close: 2,458.6700

Mid: 2,462.0900

16

Open: 2,458.6800

Close: 2,458.8800

Mid: 2,456.5350

17

Open: 2,457.8100

Close: 2,454.9200

Mid: 2,456.7450

18

Open: 2,457.8100

Close: 2,454.9200

Mid: 2,456.7450

19

Open: 2,454.0600

Close: 2,457.6900

Mid: 2,449.9300

20
21
22

Open: 2,454.0600

Close: 2,457.6900

Mid: 2,449.9300

23

Open: 2,456.6700

Close: 2,457.9400

Mid: 2,457.6850

24

Open: 2,456.6700

Close: 2,457.9400

Mid: 2,457.6850

25

Open: 2,472.7200

Close: 2,482.1600

Mid: 2,477.5700

26

Open: 2,482.1200

Close: 2,495.5800

Mid: 2,490.2700

27
28
29

Open: 2,495.4100

Close: 2,498.8200

Mid: 2,502.3800

30

Open: 2,495.4100

Close: 2,498.8200

Mid: 2,502.3800

May - 2024

SunMonTueWedThuFriSat
1

Open: 2,479.9000

Close: 2,475.4500

Mid: 2,478.1700

2

Open: 2,475.0600

Close: 2,490.6100

Mid: 2,482.3900

3

Open: 2,490.6900

Close: 2,501.8400

Mid: 2,496.2600

4
5
6

Open: 2,502.5600

Close: 2,500.4100

Mid: 2,500.4500

7

Open: 2,499.8800

Close: 2,490.8600

Mid: 2,492.9400

8

Open: 2,499.8800

Close: 2,490.8600

Mid: 2,492.9400

9

Open: 2,486.4200

Close: 2,489.5000

Mid: 2,487.2250

10

Open: 2,490.0500

Close: 2,497.3100

Mid: 2,493.3850

11
12
13

Open: 2,496.6800

Close: 2,486.0400

Mid: 2,492.6800

14

Open: 2,486.6400

Close: 2,480.0200

Mid: 2,485.3400

15

Open: 2,480.0300

Close: 2,505.2100

Mid: 2,491.5650

16

Open: 2,505.8000

Close: 2,511.4900

Mid: 2,509.2700

17

Open: 2,511.8800

Close: 2,512.1500

Mid: 2,509.2200

18
19
20

Open: 2,542.9900

Close: 2,530.8100

Mid: 2,537.8750

21

Open: 2,531.8200

Close: 2,537.3400

Mid: 2,533.2950

22

Open: 2,537.8400

Close: 2,524.5300

Mid: 2,531.9350

23

Open: 2,525.0500

Close: 2,532.6600

Mid: 2,531.4650

24

Open: 2,532.7300

Close: 2,519.1600

Mid: 2,525.0050

25
26
27

Open: 2,520.8000

Close: 2,522.5600

Mid: 2,523.0650

28

Open: 2,523.0400

Close: 2,536.9900

Mid: 2,531.3200

29

Open: 2,537.7200

Close: 2,529.6000

Mid: 2,535.4150

30

Open: 2,529.6700

Close: 2,530.4500

Mid: 2,529.8350

31

Open: 2,530.5200

Close: 2,529.1500

Mid: 2,532.4300

June - 2024

SunMonTueWedThuFriSat
1
2
3

Open: 2,528.7900

Close: 2,535.5500

Mid: 2,534.3150

4

Open: 2,534.5100

Close: 2,529.0000

Mid: 2,530.0250

5

Open: 2,528.9800

Close: 2,531.2700

Mid: 2,530.5250

6

Open: 2,531.8000

Close: 2,527.3900

Mid: 2,529.8750

7

Open: 2,526.8600

Close: 2,508.9300

Mid: 2,519.6350

8
9
10

Open: 2,514.4600

Close: 2,488.1900

Mid: 2,500.7750

11

Open: 2,488.2000

Close: 2,488.9000

Mid: 2,487.0600

12

Open: 2,488.4100

Close: 2,494.4000

Mid: 2,492.8900

13

Open: 2,481.3500

Close: 2,478.2400

Mid: 2,480.2700

14

Open: 2,480.4000

Close: 2,461.1200

Mid: 2,469.5250

15
16
17

Open: 2,461.6100

Close: 2,443.2500

Mid: 2,450.8100

18

Open: 2,443.8000

Close: 2,471.4500

Mid: 2,457.0600

19

Open: 2,471.5400

Close: 2,494.2200

Mid: 2,483.3450

20

Open: 2,493.7100

Close: 2,499.3700

Mid: 2,496.7300

21

Open: 2,498.8400

Close: 2,487.5000

Mid: 2,496.3650

22
23
24

Open: 2,488.4900

Close: 2,485.5300

Mid: 2,486.6150

25

Open: 2,488.4900

Close: 2,485.5300

Mid: 2,486.6150

26

Open: 2,464.1300

Close: 2,475.3900

Mid: 2,470.9000

27

Open: 2,464.1300

Close: 2,475.3900

Mid: 2,470.9000

28

Open: 2,467.9200

Close: 2,476.0600

Mid: 2,470.6500

29
30

July - 2024

SunMonTueWedThuFriSat
1

Open: 2,487.5600

Close: 2,478.6100

Mid: 2,480.5200

2

Open: 2,487.5600

Close: 2,478.6100

Mid: 2,480.5200

3

Open: 2,459.1000

Close: 2,467.1400

Mid: 2,463.4300

4

Open: 2,459.1000

Close: 2,467.1400

Mid: 2,463.4300

5

Open: 2,487.8300

Close: 2,492.2400

Mid: 2,488.3300

6
7
8

Open: 2,493.0700

Close: 2,503.6200

Mid: 2,497.6500

9

Open: 2,500.7200

Close: 2,502.6200

Mid: 2,500.8050

10

Open: 2,502.1100

Close: 2,491.9000

Mid: 2,496.9650

11

Open: 2,493.4900

Close: 2,492.0300

Mid: 2,493.5750

12

Open: 2,510.3600

Close: 2,498.3700

Mid: 2,506.9600

13
14
15

Open: 2,505.9000

Close: 2,503.1400

Mid: 2,504.3100

16

Open: 2,503.6600

Close: 2,486.8800

Mid: 2,495.0250

17

Open: 2,487.4600

Close: 2,493.7300

Mid: 2,490.6500

18

Open: 2,492.1400

Close: 2,482.8200

Mid: 2,488.6200

19

Open: 2,482.7600

Close: 2,470.5700

Mid: 2,476.1700

20
21
22

Open: 2,471.6600

Close: 2,456.0200

Mid: 2,464.2400

23

Open: 2,455.5200

Close: 2,444.2400

Mid: 2,449.7700

24

Open: 2,444.7400

Close: 2,448.6500

Mid: 2,446.7600

25

Open: 2,448.1500

Close: 2,446.7000

Mid: 2,441.7550

26

Open: 2,446.0000

Close: 2,441.9300

Mid: 2,447.4650

27
28
29

Open: 2,444.0800

Close: 2,436.0800

Mid: 2,442.3250

30

Open: 2,437.1400

Close: 2,436.6000

Mid: 2,438.3700

31

Open: 2,436.6100

Close: 2,431.7000

Mid: 2,425.6100

August - 2024

SunMonTueWedThuFriSat
1

Open: 2,432.1600

Close: 2,431.6600

Mid: 2,433.5550

2

Open: 2,432.1600

Close: 2,431.6600

Mid: 2,433.5550

3
4
5

Open: 2,413.0200

Close: 2,420.2300

Mid: 2,394.9900

6

Open: 2,413.0200

Close: 2,420.2300

Mid: 2,394.9900

7

Open: 2,413.0200

Close: 2,420.2300

Mid: 2,394.9900

8

Open: 2,432.4300

Close: 2,448.0300

Mid: 2,439.3950

9

Open: 2,456.3700

Close: 2,445.9800

Mid: 2,451.3250

10
11
12

Open: 2,443.9800

Close: 2,458.6100

Mid: 2,453.2900

13

Open: 2,457.2800

Close: 2,459.5000

Mid: 2,456.4550

14

Open: 2,459.1000

Close: 2,465.6300

Mid: 2,463.5250

15

Open: 2,468.0900

Close: 2,461.5200

Mid: 2,471.4350

16

Open: 2,464.1700

Close: 2,476.2700

Mid: 2,468.5600

17
18
19

Open: 2,477.0300

Close: 2,497.1200

Mid: 2,485.7450

20

Open: 2,507.9100

Close: 2,506.2600

Mid: 2,507.2150

21

Open: 2,510.9100

Close: 2,499.9700

Mid: 2,505.1850

22

Open: 2,513.4600

Close: 2,497.8900

Mid: 2,505.8700

23

Open: 2,497.9000

Close: 2,508.4500

Mid: 2,503.4900

24
25
26

Open: 2,507.5200

Close: 2,514.6100

Mid: 2,510.5150

27

Open: 2,514.6500

Close: 2,513.7900

Mid: 2,515.4750

28

Open: 2,514.6500

Close: 2,513.7900

Mid: 2,515.4750

29

Open: 2,528.3500

Close: 2,531.3800

Mid: 2,531.8950

30

Open: 2,531.3800

Close: 2,522.8400

Mid: 2,527.5500

31

September - 2024

SunMonTueWedThuFriSat
1
2

Open: 2,531.3800

Close: 2,522.8400

Mid: 2,527.5500

3

Open: 2,526.6700

Close: 2,504.4200

Mid: 2,516.4300

4

Open: 2,501.2700

Close: 2,499.2300

Mid: 2,499.7600

5

Open: 2,503.4800

Close: 2,503.0400

Mid: 2,503.9450

6

Open: 2,503.0300

Close: 2,486.0600

Mid: 2,491.2450

7
8
9

Open: 2,485.4500

Close: 2,476.5300

Mid: 2,480.3800

10

Open: 2,475.9900

Close: 2,475.4100

Mid: 2,476.8000

11

Open: 2,475.5200

Close: 2,491.0100

Mid: 2,481.0500

12

Open: 2,491.0100

Close: 2,486.7700

Mid: 2,488.5550

13

Open: 2,497.4400

Close: 2,489.5500

Mid: 2,492.8700

14
15
16

Open: 2,494.7500

Close: 2,493.5600

Mid: 2,493.8600

17

Open: 2,496.8200

Close: 2,519.4400

Mid: 2,507.8950

18

Open: 2,517.3600

Close: 2,516.8200

Mid: 2,517.8000

19

Open: 2,517.3800

Close: 2,533.0600

Mid: 2,530.7550

20

Open: 2,532.7600

Close: 2,515.5200

Mid: 2,524.8200

21
22
23

Open: 2,517.8000

Close: 2,521.6300

Mid: 2,520.5950

24

Open: 2,517.8000

Close: 2,521.6300

Mid: 2,520.5950

25

Open: 2,540.4900

Close: 2,528.8700

Mid: 2,536.3600

26

Open: 2,529.4600

Close: 2,539.9200

Mid: 2,537.1900

27

Open: 2,539.9000

Close: 2,552.4700

Mid: 2,547.3500

28
29
30

Open: 2,552.7700

Close: 2,556.9500

Mid: 2,557.4100

October - 2024

SunMonTueWedThuFriSat
1

Open: 2,558.5200

Close: 2,530.8500

Mid: 2,547.5550

2

Open: 2,558.5200

Close: 2,530.8500

Mid: 2,547.5550

3

Open: 2,532.6200

Close: 2,502.2400

Mid: 2,518.7450

4

Open: 2,503.8600

Close: 2,505.6500

Mid: 2,503.0250

5
6
7

Open: 2,503.8600

Close: 2,505.6500

Mid: 2,503.0250

8

Open: 2,503.8600

Close: 2,505.6500

Mid: 2,503.0250

9

Open: 2,477.9200

Close: 2,474.1800

Mid: 2,477.1250

10

Open: 2,474.4200

Close: 2,481.2300

Mid: 2,476.4800

11

Open: 2,474.4200

Close: 2,481.2300

Mid: 2,476.4800

12
13
14

Open: 2,476.0000

Close: 2,462.9800

Mid: 2,469.7350

15

Open: 2,476.0000

Close: 2,462.9800

Mid: 2,469.7350

16

Open: 2,449.3300

Close: 2,451.6200

Mid: 2,449.9850

17

Open: 2,451.4300

Close: 2,459.4800

Mid: 2,458.0500

18

Open: 2,451.4300

Close: 2,459.4800

Mid: 2,458.0500

19
20
21

Open: 2,457.9800

Close: 2,447.3200

Mid: 2,455.2000

22

Open: 2,439.5200

Close: 2,448.6100

Mid: 2,447.5350

23

Open: 2,450.2800

Close: 2,440.4100

Mid: 2,443.9100

24

Open: 2,442.9800

Close: 2,435.1800

Mid: 2,440.3900

25

Open: 2,436.7300

Close: 2,426.7200

Mid: 2,431.9500

26
27
28

Open: 2,429.7200

Close: 2,415.5000

Mid: 2,421.9300

29

Open: 2,414.9000

Close: 2,399.3900

Mid: 2,407.4600

30

Open: 2,399.3900

Close: 2,409.9300

Mid: 2,404.6550

31

Open: 2,408.3900

Close: 2,423.7300

Mid: 2,413.2350

November - 2024

SunMonTueWedThuFriSat
1

Open: 2,414.5200

Close: 2,401.3800

Mid: 2,406.9150

2
3
4

Open: 2,412.3500

Close: 2,412.5000

Mid: 2,412.6550

5

Open: 2,423.6800

Close: 2,427.3700

Mid: 2,428.9050

6

Open: 2,409.5400

Close: 2,415.1100

Mid: 2,406.6600

7

Open: 2,421.1800

Close: 2,441.1700

Mid: 2,430.2850

8

Open: 2,441.6600

Close: 2,419.5500

Mid: 2,428.8800

9
10
11

Open: 2,408.3300

Close: 2,412.0000

Mid: 2,409.4400

12

Open: 2,411.3900

Close: 2,415.9100

Mid: 2,412.9150

13

Open: 2,399.5100

Close: 2,389.4200

Mid: 2,395.1500

14

Open: 2,391.4800

Close: 2,366.4700

Mid: 2,380.1400

15

Open: 2,373.0200

Close: 2,383.9300

Mid: 2,378.4750

16
17
18

Open: 2,383.0700

Close: 2,380.3400

Mid: 2,380.0600

19

Open: 2,379.8300

Close: 2,395.9600

Mid: 2,387.1300

20

Open: 2,396.4000

Close: 2,403.6600

Mid: 2,397.5100

21

Open: 2,403.6700

Close: 2,414.3700

Mid: 2,409.2850

22

Open: 2,414.8800

Close: 2,405.4500

Mid: 2,407.3500

23
24
25

Open: 2,417.5400

Close: 2,408.4500

Mid: 2,412.8150

26

Open: 2,408.3300

Close: 2,399.1300

Mid: 2,401.8650

27

Open: 2,398.0600

Close: 2,385.0600

Mid: 2,391.2200

28

Open: 2,393.6900

Close: 2,393.0100

Mid: 2,396.2350

29

Open: 2,400.7200

Close: 2,394.8500

Mid: 2,399.2400

30

December - 2024

SunMonTueWedThuFriSat
1
2

Open: 2,398.9800

Close: 2,397.8100

Mid: 2,395.5050

3

Open: 2,397.2700

Close: 2,384.4300

Mid: 2,390.5600

4

Open: 2,389.3600

Close: 2,364.0100

Mid: 2,374.2300

5

Open: 2,364.0000

Close: 2,361.5800

Mid: 2,360.4850

6

Open: 2,368.1800

Close: 2,348.3500

Mid: 2,356.7500

7
8
9

Open: 2,350.1100

Close: 2,362.6400

Mid: 2,357.7800

10

Open: 2,362.0600

Close: 2,332.0400

Mid: 2,347.4700

11

Open: 2,333.1300

Close: 2,326.8500

Mid: 2,326.3600

12

Open: 2,328.3900

Close: 2,340.8000

Mid: 2,335.8900

13

Open: 2,339.8300

Close: 2,323.8800

Mid: 2,330.7750

14
15
16

Open: 2,328.6900

Close: 2,317.9300

Mid: 2,321.7900

17

Open: 2,318.3000

Close: 2,303.9100

Mid: 2,311.1300

18

Open: 2,304.4600

Close: 2,288.3600

Mid: 2,295.9750

19

Open: 2,273.0300

Close: 2,293.7500

Mid: 2,280.7700

20

Open: 2,288.7200

Close: 2,283.8200

Mid: 2,285.2050

21
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31

Compare Exchange Rates:

Know What the Best Exchange Rate Looks Like

Benchmark the exchange rate market with Pound Sterling Live's custom currency rate comparison tool with built-in algorithms to find the best rates in the market.

Why

Banks and financial institutions buy and sell currency from each other - these sizeable institutions are 'the market' and the rate they transact at is the 'market rate'. The difference between how much a currency is purchased and sold is the spread, which is essentially the difference between the buy and sell price.

But, when currency is sold by banks to retail customers that spread widens significantly and the profit on the transaction is therefore substantially larger.

Therefore when we focus on the transfer fee when sending money abroad we often miss the biggest cost: the exchange rate spread.

Foreign exchange providers have essentially recognised this and they enter the market to transfer money at tighter spreads, thereby saving potentially significant amounts of money for their clients simply by providing better exchange rates.

For example, the transfer of £100K into euros is expected to attract a rate that delivers between €112,480 and €113,296 with the UK's leading high street banks. But FCA authorised providers will provide a rate that delivers between €115,510 and €115,740 (using rates on 05/07/21).

Taking the time to work with a FCA regulated currency provider could therefore result in the delivery of an extra euros amount of between €2444 and €3030.

Safety is Everything

Pound Sterling Live only works with foreign exchange payment companies that are FCA Authorised. This is important: FCA regulations and oversight requires the money they transfer on your behalf to be protected through a process known as 'safeguarding'. Safeguarding requires the payments company to keep your money separate from their own money in a top-tier bank. Therefore if the provider comes under stress your money should be protected.