Best British Pound / Chilean Peso Exchange Rate Today: 1243.1400

Live rate: 1 GBP = 1243.1400 CLP (+0.28%)

Inverted: 1 CLP = 0.0008 GBP
Last Updated: Saturday, 21 December 2024 13:16:47 UTC

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Comparison Results:

Provider	Exchange Rate	Fee	You Get	Service	Notes	Action
Live Market Rate	1243.1400	0	1,230.7086	Set Alert
	1,243.1400	0.85%	1,232.5733	Best Multi-Currency Card	The UK's leading payment provider
	1,157.2079	0	1,157.2079	Best Branch Collection	Also offer delivery and cash buyback services. Home delivery orders of £5 and above are accepted, for branch collection the minimum is £500. One of the highest rated companies we survey according to independent rating review providers.
	1,134.9980	0	1,134.9980	Holiday FX, Cash Delivery	Covent Garden FX is a family-owned and operated Bureau De Change located in the heart of Central London. Established for over 20 years, we offer extremely competitive exchange rates with no commission and no fees.
Best Bank Rate	1,208.3321 (upper range)	Variable	1,208.3321	Payments, transfers, holiday money	Determined using data on spread charges supplied by IMTI
Worst Bank Rate	1,199.6301 (lower range)	Variable	1,199.6301	Payments, transfers, holiday money	Determined using data on spread charges supplied by Money Mover and Accourt
Paypal	1,187.1987	0	1,187.1987	International Payments and Transfers

GBP/CLP Live Chart and Data

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

January - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 1,126.0000

Close: 1,126.0000

Mid: 1,126.0000

Open: 1,126.1000

Close: 1,116.0000

Mid: 1,117.9650

Open: 1,115.9800

Close: 1,117.3200

Mid: 1,116.1450

Open: 1,117.2900

Close: 1,125.5100

Mid: 1,121.8050

Open: 1,125.5500

Close: 1,131.8500

Mid: 1,130.4950

Open: 1,131.1800

Close: 1,152.5500

Mid: 1,142.5800

Open: 1,152.5100

Close: 1,166.9800

Mid: 1,160.3600

Open: 1,166.9600

Close: 1,168.0000

Mid: 1,169.0750

Open: 1,168.0200

Close: 1,166.5000

Mid: 1,165.6150

Open: 1,166.4900

Close: 1,159.6100

Mid: 1,163.3800

Open: 1,159.4100

Close: 1,159.1400

Mid: 1,159.6800

Open: 1,159.0600

Close: 1,168.6700

Mid: 1,161.3350

Open: 1,168.6400

Close: 1,168.5900

Mid: 1,170.2950

Open: 1,168.5900

Close: 1,169.1300

Mid: 1,168.0400

Open: 1,169.1200

Close: 1,156.2200

Mid: 1,161.1450

Open: 1,152.8500

Close: 1,156.1900

Mid: 1,155.1600

Open: 1,156.2000

Close: 1,157.7700

Mid: 1,155.5150

Open: 1,157.7100

Close: 1,157.9700

Mid: 1,161.1650

Open: 1,158.0600

Close: 1,156.4100

Mid: 1,157.0600

Open: 1,156.3900

Close: 1,171.6800

Mid: 1,163.5600

Open: 1,152.6500

Close: 1,182.0900

Mid: 1,167.4050

Open: 1,182.1000

Close: 1,184.3200

Mid: 1,182.0000

Open: 1,184.3800

Close: 1,180.5300

Mid: 1,184.8550

February - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
				1 Open: 1,180.6500 Close: 1,187.8300 Mid: 1,182.2700	2 Open: 1,187.8200 Close: 1,197.8100 Mid: 1,193.3400	3
4	5 Open: 1,197.8000 Close: 1,196.1600 Mid: 1,193.8300	6 Open: 1,196.1800 Close: 1,194.4900 Mid: 1,196.3500	7 Open: 1,194.4600 Close: 1,204.1700 Mid: 1,199.5050	8 Open: 1,204.1600 Close: 1,218.8700 Mid: 1,208.5050	9 Open: 1,218.8600 Close: 1,225.6800 Mid: 1,222.0450	10
11	12 Open: 1,225.0800 Close: 1,226.0800 Mid: 1,224.5700	13 Open: 1,226.0900 Close: 1,221.5600 Mid: 1,226.6050	14 Open: 1,221.6400 Close: 1,203.5300 Mid: 1,212.3900	15 Open: 1,203.5200 Close: 1,219.2500 Mid: 1,210.4400	16 Open: 1,219.3200 Close: 1,224.0900 Mid: 1,221.0750	17
18	19 Open: 1,215.3700 Close: 1,215.8100 Mid: 1,220.6200	20 Open: 1,215.7800 Close: 1,214.8600 Mid: 1,217.7700	21 Open: 1,214.9500 Close: 1,225.1100 Mid: 1,219.5350	22 Open: 1,225.2000 Close: 1,239.6500 Mid: 1,232.6550	23 Open: 1,239.6600 Close: 1,241.9800 Mid: 1,242.7550	24
25	26 Open: 1,242.4000 Close: 1,252.1500 Mid: 1,246.3150	27 Open: 1,252.1800 Close: 1,245.1100 Mid: 1,247.5950	28 Open: 1,245.0900 Close: 1,239.8000 Mid: 1,242.0800	29 Open: 1,239.8500 Close: 1,220.4800 Mid: 1,230.1100

March - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
					1 Open: 1,220.4900 Close: 1,223.7600 Mid: 1,222.7650	2
3	4 Open: 1,224.2000 Close: 1,236.5600 Mid: 1,229.7600	5 Open: 1,236.5800 Close: 1,241.8600 Mid: 1,238.7450	6 Open: 1,241.9200 Close: 1,254.7100 Mid: 1,248.6300	7 Open: 1,254.7200 Close: 1,256.5500 Mid: 1,257.2800	8 Open: 1,256.5400 Close: 1,235.9400 Mid: 1,246.8250	9
10	11 Open: 1,242.6700 Close: 1,238.2400 Mid: 1,239.4450	12 Open: 1,238.2500 Close: 1,228.1000 Mid: 1,233.5650	13 Open: 1,228.0400 Close: 1,210.4300 Mid: 1,218.6950	14 Open: 1,210.4300 Close: 1,201.0300 Mid: 1,206.4500	15 Open: 1,201.0400 Close: 1,201.4500 Mid: 1,203.2650	16
17	18 Open: 1,194.7100 Close: 1,206.4800 Mid: 1,200.4600	19 Open: 1,206.5000 Close: 1,229.2900 Mid: 1,214.9450	20 Open: 1,229.2900 Close: 1,231.2600 Mid: 1,234.7700	21 Open: 1,231.2700 Close: 1,226.4400 Mid: 1,229.9250	22 Open: 1,226.5000 Close: 1,238.8700 Mid: 1,229.0350	23
24	25 Open: 1,230.4700 Close: 1,236.3100 Mid: 1,235.2550	26 Open: 1,236.3200 Close: 1,240.0400 Mid: 1,239.4500	27 Open: 1,240.0400 Close: 1,238.4400 Mid: 1,238.2550	28 Open: 1,238.4500 Close: 1,238.2400 Mid: 1,237.5600	29 Open: 1,238.2500 Close: 1,236.9400 Mid: 1,240.7600	30
31

April - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 1,237.0500

Close: 1,236.8800

Mid: 1,233.9600

Open: 1,236.8900

Close: 1,227.7600

Mid: 1,232.7850

Open: 1,227.7600

Close: 1,208.4100

Mid: 1,216.8650

Open: 1,208.3900

Close: 1,189.4000

Mid: 1,199.2500

Open: 1,189.3700

Close: 1,199.9000

Mid: 1,193.7450

Open: 1,198.6800

Close: 1,192.4300

Mid: 1,196.0850

Open: 1,192.4300

Close: 1,193.8500

Mid: 1,195.7000

Open: 1,193.8600

Close: 1,188.7700

Mid: 1,195.3950

Open: 1,188.7700

Close: 1,199.3000

Mid: 1,193.9600

Open: 1,199.3200

Close: 1,200.1900

Mid: 1,197.2450

Open: 1,187.2900

Close: 1,210.6700

Mid: 1,203.7550

Open: 1,210.6900

Close: 1,217.3400

Mid: 1,220.7050

Open: 1,217.4600

Close: 1,220.3800

Mid: 1,215.5350

Open: 1,220.4000

Close: 1,202.1900

Mid: 1,211.7200

Open: 1,202.1800

Close: 1,181.6800

Mid: 1,192.7850

Open: 1,192.0500

Close: 1,176.5700

Mid: 1,182.8050

Open: 1,176.5400

Close: 1,187.3400

Mid: 1,181.2100

Open: 1,187.2300

Close: 1,187.2900

Mid: 1,188.2400

Open: 1,187.3100

Close: 1,186.5000

Mid: 1,187.5750

Open: 1,186.5300

Close: 1,184.8100

Mid: 1,184.2600

Open: 1,188.5300

Close: 1,183.2700

Mid: 1,186.9350

Open: 1,183.2500

Close: 1,196.7300

Mid: 1,189.1000

May - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 1,196.7300

Close: 1,203.1600

Mid: 1,193.2400

Open: 1,203.1400

Close: 1,188.1800

Mid: 1,196.2700

Open: 1,188.1000

Close: 1,178.0800

Mid: 1,184.3050

Open: 1,183.3000

Close: 1,168.1600

Mid: 1,175.9900

Open: 1,168.1900

Close: 1,172.6200

Mid: 1,170.2400

Open: 1,172.6000

Close: 1,169.8400

Mid: 1,170.1800

Open: 1,169.8100

Close: 1,157.9000

Mid: 1,164.3350

Open: 1,157.8800

Close: 1,167.6300

Mid: 1,162.8700

Open: 1,158.0300

Close: 1,159.8300

Mid: 1,159.8550

Open: 1,159.8500

Close: 1,151.9300

Mid: 1,156.3800

Open: 1,151.9100

Close: 1,148.3900

Mid: 1,151.5450

Open: 1,148.4100

Close: 1,138.3200

Mid: 1,143.5450

Open: 1,138.3300

Close: 1,131.9100

Mid: 1,136.3900

Open: 1,135.5600

Close: 1,126.9000

Mid: 1,130.6450

Open: 1,127.0000

Close: 1,129.1700

Mid: 1,130.0250

Open: 1,129.1600

Close: 1,142.5500

Mid: 1,136.4350

Open: 1,142.5700

Close: 1,156.3300

Mid: 1,150.6300

Open: 1,156.2100

Close: 1,154.7300

Mid: 1,154.9350

Open: 1,157.3400

Close: 1,152.6600

Mid: 1,153.1050

Open: 1,152.6500

Close: 1,144.5800

Mid: 1,149.1100

Open: 1,144.5800

Close: 1,156.8000

Mid: 1,149.5500

Open: 1,156.7900

Close: 1,167.7200

Mid: 1,161.8000

Open: 1,167.7700

Close: 1,169.6700

Mid: 1,167.5500

June - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
						1
2	3 Open: 1,168.9700 Close: 1,157.5300 Mid: 1,164.1250	4 Open: 1,157.5900 Close: 1,157.5300 Mid: 1,156.0050	5 Open: 1,157.5200 Close: 1,162.5200 Mid: 1,156.9750	6 Open: 1,162.5500 Close: 1,162.1400 Mid: 1,162.9100	7 Open: 1,162.1300 Close: 1,162.5700 Mid: 1,161.9450	8
9	10 Open: 1,162.9700 Close: 1,172.0700 Mid: 1,168.2300	11 Open: 1,172.0300 Close: 1,176.1100 Mid: 1,173.9400	12 Open: 1,176.1400 Close: 1,173.5400 Mid: 1,177.4050	13 Open: 1,173.5300 Close: 1,172.0600 Mid: 1,171.7600	14 Open: 1,172.0600 Close: 1,182.5100 Mid: 1,174.0750	15
16	17 Open: 1,161.5800 Close: 1,177.4900 Mid: 1,169.7550	18 Open: 1,177.4800 Close: 1,188.8800 Mid: 1,182.4500	19 Open: 1,188.8400 Close: 1,186.2200 Mid: 1,188.9300	20 Open: 1,186.2100 Close: 1,180.2900 Mid: 1,183.2850	21 Open: 1,180.2700 Close: 1,188.9600 Mid: 1,183.6400	22
23	24 Open: 1,175.0600 Close: 1,199.6700 Mid: 1,187.4800	25 Open: 1,199.6400 Close: 1,194.3300 Mid: 1,196.7600	26 Open: 1,194.3200 Close: 1,194.6900 Mid: 1,192.9550	27 Open: 1,194.7200 Close: 1,205.8800 Mid: 1,200.7850	28 Open: 1,205.8700 Close: 1,197.5500 Mid: 1,202.4100	29
30

July - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 1,206.9000

Close: 1,197.4100

Mid: 1,198.9450

Open: 1,197.4200

Close: 1,200.6000

Mid: 1,198.0550

Open: 1,200.6100

Close: 1,200.0500

Mid: 1,201.9300

Open: 1,200.0900

Close: 1,196.0800

Mid: 1,198.8350

Open: 1,196.1000

Close: 1,200.0600

Mid: 1,196.3200

Open: 1,197.1300

Close: 1,203.8100

Mid: 1,200.8500

Open: 1,204.1100

Close: 1,195.8900

Mid: 1,199.3850

Open: 1,195.9000

Close: 1,173.7200

Mid: 1,185.7600

Open: 1,173.7200

Close: 1,180.9500

Mid: 1,184.7300

Open: 1,180.9700

Close: 1,176.4800

Mid: 1,181.4000

Open: 1,182.1100

Close: 1,179.4700

Mid: 1,181.0850

Open: 1,179.5000

Close: 1,181.0700

Mid: 1,179.1450

Open: 1,180.9900

Close: 1,203.6600

Mid: 1,191.9950

Open: 1,203.5900

Close: 1,207.0700

Mid: 1,196.9100

Open: 1,207.2000

Close: 1,206.7400

Mid: 1,206.6250

Open: 1,216.2700

Close: 1,219.1700

Mid: 1,221.6850

Open: 1,219.3100

Close: 1,222.0600

Mid: 1,219.9750

Open: 1,222.0800

Close: 1,223.3900

Mid: 1,222.9100

Open: 1,223.3800

Close: 1,216.8800

Mid: 1,220.0850

Open: 1,216.8700

Close: 1,221.2800

Mid: 1,219.2150

Open: 1,220.6800

Close: 1,230.4300

Mid: 1,225.3700

Open: 1,230.4400

Close: 1,226.9600

Mid: 1,228.6000

Open: 1,226.9800

Close: 1,212.8400

Mid: 1,218.5050

August - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
				1 Open: 1,212.8200 Close: 1,208.4700 Mid: 1,207.1550	2 Open: 1,208.5900 Close: 1,219.2500 Mid: 1,212.7950	3
4	5 Open: 1,208.5600 Close: 1,219.2100 Mid: 1,212.5100	6 Open: 1,219.1300 Close: 1,199.0000 Mid: 1,209.3300	7 Open: 1,199.0300 Close: 1,198.2700 Mid: 1,200.4950	8 Open: 1,198.2900 Close: 1,193.0200 Mid: 1,196.0500	9 Open: 1,192.9900 Close: 1,189.8300 Mid: 1,192.1250	10
11	12 Open: 1,194.2000 Close: 1,193.5800 Mid: 1,190.1350	13 Open: 1,193.5200 Close: 1,198.9600 Mid: 1,195.9600	14 Open: 1,198.9500 Close: 1,197.7300 Mid: 1,197.2600	15 Open: 1,197.7700 Close: 1,198.7500 Mid: 1,199.1350	16 Open: 1,198.7500 Close: 1,216.7100 Mid: 1,207.9700	17
18	19 Open: 1,201.4500 Close: 1,199.7000 Mid: 1,208.0550	20 Open: 1,199.7000 Close: 1,204.1400 Mid: 1,201.1250	21 Open: 1,204.1400 Close: 1,199.2700 Mid: 1,201.5450	22 Open: 1,199.2900 Close: 1,203.7300 Mid: 1,203.6000	23 Open: 1,203.7300 Close: 1,201.2100 Mid: 1,203.3100	24
25	26 Open: 1,204.6100 Close: 1,195.5900 Mid: 1,200.3450	27 Open: 1,195.6000 Close: 1,203.1800 Mid: 1,199.4100	28 Open: 1,203.2100 Close: 1,204.8200 Mid: 1,202.2600	29 Open: 1,204.8200 Close: 1,205.0700 Mid: 1,206.3150	30 Open: 1,205.0600 Close: 1,200.3300 Mid: 1,203.1100	31

September - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
1	2 Open: 1,200.0000 Close: 1,203.7000 Mid: 1,201.3050	3 Open: 1,203.6900 Close: 1,218.3600 Mid: 1,209.5000	4 Open: 1,218.3400 Close: 1,240.2700 Mid: 1,228.7000	5 Open: 1,240.2900 Close: 1,242.5100 Mid: 1,240.9800	6 Open: 1,242.5300 Close: 1,242.8500 Mid: 1,240.8400	7
8	9 Open: 1,238.2400 Close: 1,233.7600 Mid: 1,236.5300	10 Open: 1,233.7500 Close: 1,242.3400 Mid: 1,237.7400	11 Open: 1,242.3400 Close: 1,228.5000 Mid: 1,237.1350	12 Open: 1,228.5400 Close: 1,227.0800 Mid: 1,228.8650	13 Open: 1,227.0400 Close: 1,213.9200 Mid: 1,220.2650	14
15	16 Open: 1,213.1000 Close: 1,218.9000 Mid: 1,219.9000	17 Open: 1,218.9100 Close: 1,222.9300 Mid: 1,221.1250	18 Open: 1,222.9900 Close: 1,230.9700 Mid: 1,228.5950	19 Open: 1,230.9900 Close: 1,236.5800 Mid: 1,231.1800	20 Open: 1,236.5700 Close: 1,239.6800 Mid: 1,238.1900	21
22	23 Open: 1,236.1700 Close: 1,231.6500 Mid: 1,233.7650	24 Open: 1,231.6600 Close: 1,225.6700 Mid: 1,228.3700	25 Open: 1,225.6600 Close: 1,214.6300 Mid: 1,220.4250	26 Open: 1,214.6600 Close: 1,215.1300 Mid: 1,215.3350	27 Open: 1,215.1200 Close: 1,202.5100 Mid: 1,208.8150	28
29	30 Open: 1,202.6100 Close: 1,202.0300 Mid: 1,203.8100

October - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 1,202.0200

Close: 1,200.2600

Mid: 1,203.5850

Open: 1,200.2600

Close: 1,209.0600

Mid: 1,204.2300

Open: 1,209.0500

Close: 1,208.5100

Mid: 1,202.5750

Open: 1,208.5300

Close: 1,213.5400

Mid: 1,206.0750

Open: 1,212.3200

Close: 1,213.1900

Mid: 1,210.4350

Open: 1,213.1000

Close: 1,223.2100

Mid: 1,217.4000

Open: 1,223.2300

Close: 1,219.6000

Mid: 1,221.2900

Open: 1,219.6200

Close: 1,213.4100

Mid: 1,216.6000

Open: 1,213.4900

Close: 1,210.7800

Mid: 1,213.5350

Open: 1,211.0800

Close: 1,210.0800

Mid: 1,211.9200

Open: 1,210.0700

Close: 1,228.7500

Mid: 1,218.9600

Open: 1,228.8000

Close: 1,217.9500

Mid: 1,223.2200

Open: 1,217.9600

Close: 1,231.4400

Mid: 1,224.8500

Open: 1,231.4300

Close: 1,244.1500

Mid: 1,237.6650

Open: 1,230.9700

Close: 1,236.4100

Mid: 1,236.1100

Open: 1,236.4200

Close: 1,231.8700

Mid: 1,234.8150

Open: 1,231.8600

Close: 1,221.7500

Mid: 1,230.4900

Open: 1,221.7800

Close: 1,228.7100

Mid: 1,224.7100

Open: 1,228.7300

Close: 1,228.3200

Mid: 1,229.9650

Open: 1,230.7700

Close: 1,228.2500

Mid: 1,229.8500

Open: 1,228.2700

Close: 1,244.7500

Mid: 1,235.9800

Open: 1,244.7600

Close: 1,246.8800

Mid: 1,236.4650

Open: 1,246.8900

Close: 1,240.1100

Mid: 1,242.9000

November - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
					1 Open: 1,240.1300 Close: 1,241.6900 Mid: 1,243.1050	2
3	4 Open: 1,245.0000 Close: 1,236.4700 Mid: 1,242.0700	5 Open: 1,236.4800 Close: 1,247.3100 Mid: 1,241.5800	6 Open: 1,247.3300 Close: 1,241.0000 Mid: 1,238.6650	7 Open: 1,241.0000 Close: 1,243.6700 Mid: 1,243.7900	8 Open: 1,243.6900 Close: 1,253.4900 Mid: 1,247.0150	9
10	11 Open: 1,237.3700 Close: 1,247.2000 Mid: 1,243.6150	12 Open: 1,247.2000 Close: 1,256.9300 Mid: 1,252.7350	13 Open: 1,256.9200 Close: 1,245.3900 Mid: 1,251.0550	14 Open: 1,245.3800 Close: 1,235.0500 Mid: 1,244.8050	15 Open: 1,235.1000 Close: 1,236.5500 Mid: 1,234.2850	16
17	18 Open: 1,237.6700 Close: 1,233.4800 Mid: 1,235.1850	19 Open: 1,233.4700 Close: 1,231.9000 Mid: 1,231.3200	20 Open: 1,231.8900 Close: 1,231.3200 Mid: 1,230.7400	21 Open: 1,231.3300 Close: 1,225.5600 Mid: 1,228.8750	22 Open: 1,225.5600 Close: 1,236.4600 Mid: 1,227.2800	23
24	25 Open: 1,230.7200 Close: 1,226.6400 Mid: 1,226.6200	26 Open: 1,226.6600 Close: 1,228.5200 Mid: 1,225.4650	27 Open: 1,228.5400 Close: 1,239.2600 Mid: 1,234.3500	28 Open: 1,239.2600 Close: 1,240.8400 Mid: 1,238.4350	29 Open: 1,240.8200 Close: 1,240.3800 Mid: 1,240.8100	30

December - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
1	2 Open: 1,241.1100 Close: 1,238.5700 Mid: 1,239.1800	3 Open: 1,238.5700 Close: 1,233.1100 Mid: 1,237.5600	4 Open: 1,233.1100 Close: 1,238.5000 Mid: 1,235.8600	5 Open: 1,238.5200 Close: 1,237.9500 Mid: 1,239.6650	6 Open: 1,237.9500 Close: 1,242.5700 Mid: 1,239.4700	7
8	9 Open: 1,236.6600 Close: 1,236.4800 Mid: 1,240.1050	10 Open: 1,236.4700 Close: 1,245.2200 Mid: 1,240.7200	11 Open: 1,245.2300 Close: 1,243.3400 Mid: 1,243.1200	12 Open: 1,243.3500 Close: 1,237.8900 Mid: 1,241.9450	13 Open: 1,237.9000 Close: 1,238.6000 Mid: 1,236.0650	14
15	16 Open: 1,234.4900 Close: 1,248.2800 Mid: 1,241.8850	17 Open: 1,248.2800 Close: 1,249.1600 Mid: 1,249.5100	18 Open: 1,249.1300 Close: 1,250.6800 Mid: 1,254.2300	19 Open: 1,250.6600 Close: 1,239.6900 Mid: 1,250.1650	20 Open: 1,239.7000 Close: 1,243.1400 Mid: 1,242.1650	21
22	23	24	25	26	27	28
29	30	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.


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Note: Please be aware that the rate quoted is applies to large currency payments that must exceed at least 2000 units of your base currency as higher quantities command better rates. Smaller amount quoted under "Travel Money/ Cash Delivery"