Best British Pound / Chinese Yuan Exchange Rate Today: 9.1700
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 9.1425, and the most competitive travel money / cash rates start at approximately 8.9527.
Live rate: 1 GBP = 9.1700 CNY (+0.53% )
Inverted: 1 CNY = 0.1091 GBP
Click here for our full travel and holiday rates comparison tool.
Comparison Results:
Provider | Exchange Rate | Fee | You Get | Service | Notes | Action |
Live Market Rate | 9.1700 | 0 | 9.0783 | |||
9.1425 (indicative) | 0 | 9.1425 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | ||
9.1058 (indicative) | 0 | 9.1058 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | ||
9.1700 | 1.08% | 9.0710 | Best Multi-Currency Card | One currency card for all your travels. Use it instantly as a digital card and top-up from the app, with the mid-market rate. 40+ currencies. Save up to 87% when you spend internationally. | ||
8.9527 | 0 | 8.9527 | Holiday FX, Cash Delivery | A specialist alternative to banks, bureau de change & the Post Office for clients seeking competitive currency exchange rates. A multiple award-winning company, offering free delivery (over £700.00), no commission charges, payment by Debit Card or Bank Transfer and typically offering the best exchange rates available. | ||
8.9524 | 0 | 8.9524 | 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. | ||
8.5859 | 0 | 8.5859 | 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 | 8.9132 (upper range) | Variable | 8.9132 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 8.8491 (lower range) | Variable | 8.8491 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal | 8.7574 | 0 | 8.7574 | International Payments and Transfers |
GBP/CNY Live Chart and Data
« | » |
January - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 9.0220 Close: 8.9570 Mid: 8.9980 | 3 Open: 8.9560 Close: 8.9980 Mid: 8.9760 | 4 Open: 8.9990 Close: 9.0270 Mid: 9.0105 | 5 Open: 9.0270 Close: 9.0340 Mid: 9.0165 | 6 | |
7 | 8 Open: 9.0070 Close: 9.0490 Mid: 9.0255 | 9 Open: 9.0490 Close: 9.0360 Mid: 9.0520 | 10 Open: 9.0360 Close: 9.0550 Mid: 9.0425 | 11 Open: 9.0560 Close: 9.0550 Mid: 9.0530 | 12 Open: 9.0560 Close: 9.0670 Mid: 9.0660 | 13 |
14 | 15 Open: 9.0660 Close: 9.0440 Mid: 9.0595 | 16 Open: 9.0440 Close: 9.0060 Mid: 9.0250 | 17 Open: 9.0060 Close: 9.0360 Mid: 9.0095 | 18 Open: 9.0360 Close: 9.0410 Mid: 9.0330 | 19 Open: 9.0430 Close: 9.0300 Mid: 9.0325 | 20 |
21 | 22 Open: 9.0300 Close: 9.0380 Mid: 9.0425 | 23 Open: 9.0370 Close: 8.9880 Mid: 9.0200 | 24 Open: 8.9890 Close: 9.0250 Mid: 9.0090 | 25 Open: 9.0250 Close: 9.0090 Mid: 9.0125 | 26 Open: 9.0090 Close: 9.0190 Mid: 9.0160 | 27 |
28 | 29 Open: 9.0190 Close: 9.0130 Mid: 9.0170 | 30 Open: 9.0140 Close: 9.0120 Mid: 9.0075 | 31 Open: 9.0130 Close: 9.0090 Mid: 9.0090 |
February - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 9.0090 Close: 9.0440 Mid: 9.0090 | 2 Open: 9.0440 Close: 8.9990 Mid: 9.0290 | 3 | ||||
4 | 5 Open: 9.0030 Close: 8.9250 Mid: 8.9690 | 6 Open: 8.9250 Close: 8.9500 Mid: 8.9275 | 7 Open: 8.9500 Close: 8.9830 Mid: 8.9660 | 8 Open: 8.9830 Close: 8.9780 Mid: 8.9755 | 9 Open: 8.9780 Close: 8.9960 Mid: 8.9830 | 10 |
11 | 12 Open: 8.9950 Close: 8.9880 Mid: 8.9865 | 13 Open: 8.9880 Close: 8.9690 Mid: 8.9920 | 14 Open: 8.9690 Close: 8.9430 Mid: 8.9630 | 15 Open: 8.9430 Close: 8.9580 Mid: 8.9440 | 16 Open: 8.9580 Close: 8.9660 Mid: 8.9590 | 17 |
18 | 19 Open: 8.9670 Close: 8.9600 Mid: 8.9670 | 20 Open: 8.9600 Close: 8.9770 Mid: 8.9665 | 21 Open: 8.9760 Close: 8.9720 Mid: 8.9640 | 22 Open: 8.9730 Close: 8.9880 Mid: 8.9940 | 23 Open: 8.9880 Close: 9.0090 Mid: 9.0020 | 24 |
25 | 26 Open: 9.0080 Close: 9.0190 Mid: 9.0145 | 27 Open: 9.0190 Close: 9.0200 Mid: 9.0170 | 28 Open: 9.0200 Close: 8.9980 Mid: 9.0050 | 29 Open: 8.9990 Close: 8.9700 Mid: 8.9860 |
March - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 8.9700 Close: 8.9920 Mid: 8.9800 | 2 | |||||
3 | 4 Open: 8.9910 Close: 9.0190 Mid: 9.0030 | 5 Open: 9.0180 Close: 9.0260 Mid: 9.0180 | 6 Open: 9.0260 Close: 9.0460 Mid: 9.0360 | 7 Open: 9.0450 Close: 9.0840 Mid: 9.0615 | 8 Open: 9.0850 Close: 9.1220 Mid: 9.1065 | 9 |
10 | 11 Open: 9.1210 Close: 9.0770 Mid: 9.0990 | 12 Open: 9.0770 Close: 9.0660 Mid: 9.0660 | 13 Open: 9.0660 Close: 9.0740 Mid: 9.0705 | 14 Open: 9.0740 Close: 9.0500 Mid: 9.0655 | 15 Open: 9.0500 Close: 9.0420 Mid: 9.0460 | 16 |
17 | 18 Open: 9.0430 Close: 9.0330 Mid: 9.0380 | 19 Open: 9.0340 Close: 9.0350 Mid: 9.0210 | 20 Open: 9.0350 Close: 9.0590 Mid: 9.0365 | 21 Open: 9.0600 Close: 9.0010 Mid: 9.0445 | 22 Open: 9.0000 Close: 8.9950 Mid: 9.0175 | 23 |
24 | 25 Open: 8.9970 Close: 8.9990 Mid: 8.9850 | 26 Open: 8.9990 Close: 8.9860 Mid: 8.9950 | 27 Open: 8.9870 Close: 8.9870 Mid: 8.9830 | 28 Open: 8.9870 Close: 8.9710 Mid: 8.9670 | 29 Open: 8.9710 Close: 8.9620 Mid: 8.9675 | 30 |
31 |
April - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 8.9630 Close: 8.9600 Mid: 8.9605 | 2 Open: 8.9780 Close: 8.9210 Mid: 8.9475 | 3 Open: 8.9220 Close: 8.9620 Mid: 8.9415 | 4 Open: 8.9630 Close: 8.9750 Mid: 8.9730 | 5 Open: 8.9740 Close: 8.9580 Mid: 8.9565 | 6 | |
7 | 8 Open: 8.9460 Close: 8.9740 Mid: 8.9600 | 9 Open: 8.9740 Close: 8.9840 Mid: 8.9835 | 10 Open: 8.9840 Close: 8.9110 Mid: 8.9520 | 11 Open: 8.9110 Close: 8.9050 Mid: 8.9065 | 12 Open: 8.9050 Close: 8.8490 Mid: 8.8790 | 13 |
14 | 15 Open: 8.8490 Close: 8.8380 Mid: 8.8535 | 16 Open: 8.8370 Close: 8.8400 Mid: 8.8435 | 17 Open: 8.8390 Close: 8.8350 Mid: 8.8340 | 18 Open: 8.8350 Close: 8.8330 Mid: 8.8425 | 19 Open: 8.8330 Close: 8.7960 Mid: 8.8180 | 20 |
21 | 22 Open: 8.7950 Close: 8.7650 Mid: 8.7710 | 23 Open: 8.7650 Close: 8.8370 Mid: 8.8005 | 24 Open: 8.8370 Close: 8.8490 Mid: 8.8400 | 25 Open: 8.8500 Close: 8.8740 Mid: 8.8640 | 26 Open: 8.8740 Close: 8.8650 Mid: 8.8680 | 27 |
28 | 29 Open: 8.8650 Close: 8.8950 Mid: 8.8800 | 30 Open: 8.8960 Close: 8.8700 Mid: 8.8855 |
May - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 8.8690 Close: 8.8440 Mid: 8.8560 | 2 Open: 8.8440 Close: 8.8600 Mid: 8.8615 | 3 Open: 8.8600 Close: 8.8750 Mid: 8.8675 | 4 | |||
5 | 6 Open: 8.8750 Close: 8.8940 Mid: 8.8860 | 7 Open: 8.8930 Close: 8.8740 Mid: 8.8910 | 8 Open: 8.8730 Close: 8.8540 Mid: 8.8660 | 9 Open: 8.8540 Close: 8.8620 Mid: 8.8510 | 10 Open: 8.8630 Close: 8.8830 Mid: 8.8815 | 11 |
12 | 13 Open: 8.8830 Close: 8.9060 Mid: 8.8945 | 14 Open: 8.9060 Close: 8.9180 Mid: 8.9100 | 15 Open: 8.9180 Close: 8.9680 Mid: 8.9415 | 16 Open: 8.9700 Close: 8.9740 Mid: 8.9735 | 17 Open: 8.9740 Close: 9.0010 Mid: 8.9850 | 18 |
19 | 20 Open: 9.0020 Close: 9.0140 Mid: 9.0080 | 21 Open: 9.0140 Close: 9.0140 Mid: 9.0160 | 22 Open: 9.0140 Close: 9.0270 Mid: 9.0345 | 23 Open: 9.0270 Close: 9.0330 Mid: 9.0400 | 24 Open: 9.0330 Close: 9.0530 Mid: 9.0340 | 25 |
26 | 27 Open: 9.0530 Close: 9.0730 Mid: 9.0630 | 28 Open: 9.0730 Close: 9.0800 Mid: 9.0855 | 29 Open: 9.0800 Close: 9.0460 Mid: 9.0630 | 30 Open: 9.0450 Close: 9.0430 Mid: 9.0270 | 31 Open: 9.0430 Close: 9.0470 Mid: 9.0345 |
June - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 9.0470 Close: 9.0720 Mid: 9.0545 | 4 Open: 9.0740 Close: 9.0650 Mid: 9.0780 | 5 Open: 9.0640 Close: 9.1860 Mid: 9.1580 | 6 Open: 9.1790 Close: 9.2640 Mid: 9.1905 | 7 Open: 9.2520 Close: 9.2300 Mid: 9.2235 | 8 |
9 | 10 Open: 9.2220 Close: 9.0410 Mid: 9.1270 | 11 Open: 9.0420 Close: 9.0580 Mid: 9.0505 | 12 Open: 9.0580 Close: 9.2650 Mid: 9.1835 | 13 Open: 9.2650 Close: 9.2560 Mid: 9.2625 | 14 Open: 9.2560 Close: 9.2050 Mid: 9.2270 | 15 |
16 | 17 Open: 9.1970 Close: 9.2130 Mid: 9.1990 | 18 Open: 9.2140 Close: 9.2190 Mid: 9.2100 | 19 Open: 9.2190 Close: 9.2320 Mid: 9.2285 | 20 Open: 9.2320 Close: 9.1900 Mid: 9.2115 | 21 Open: 9.1900 Close: 9.1810 Mid: 9.1830 | 22 |
23 | 24 Open: 9.1740 Close: 9.2090 Mid: 9.1940 | 25 Open: 9.2080 Close: 9.2140 Mid: 9.2145 | 26 Open: 9.2140 Close: 9.1690 Mid: 9.1930 | 27 Open: 9.1690 Close: 9.1880 Mid: 9.1840 | 28 Open: 9.1880 Close: 9.1890 Mid: 9.1840 | 29 |
30 |
July - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 9.1830 Close: 9.1940 Mid: 9.2010 | 2 Open: 9.1940 Close: 9.2240 Mid: 9.2000 | 3 Open: 9.2230 Close: 9.2640 Mid: 9.2520 | 4 Open: 9.2640 Close: 9.2730 Mid: 9.2720 | 5 Open: 9.2740 Close: 9.3150 Mid: 9.2925 | 6 | |
7 | 8 Open: 9.3000 Close: 9.3090 Mid: 9.3185 | 9 Open: 9.3090 Close: 9.3000 Mid: 9.3085 | 10 Open: 9.3000 Close: 9.3480 Mid: 9.3235 | 11 Open: 9.3480 Close: 9.3720 Mid: 9.3680 | 12 Open: 9.3720 Close: 9.4160 Mid: 9.3920 | 13 |
14 | 15 Open: 9.4040 Close: 9.4150 Mid: 9.4180 | 16 Open: 9.4150 Close: 9.2820 Mid: 9.3520 | 17 Open: 9.2800 Close: 9.4450 Mid: 9.3610 | 18 Open: 9.4450 Close: 9.3980 Mid: 9.4215 | 19 Open: 9.3980 Close: 9.3870 Mid: 9.3925 | 20 |
21 | 22 Open: 9.3890 Close: 9.4060 Mid: 9.3990 | 23 Open: 9.4060 Close: 9.3900 Mid: 9.3935 | 24 Open: 9.3900 Close: 9.3740 Mid: 9.3885 | 25 Open: 9.3740 Close: 9.2940 Mid: 9.3320 | 26 Open: 9.2940 Close: 9.3310 Mid: 9.3145 | 27 |
28 | 29 Open: 9.3270 Close: 9.3380 Mid: 9.3240 | 30 Open: 9.3380 Close: 9.3070 Mid: 9.3205 | 31 Open: 9.3070 Close: 9.2810 Mid: 9.2875 |
August - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 9.2810 Close: 9.2270 Mid: 9.2595 | 2 Open: 9.2280 Close: 9.1670 Mid: 9.1935 | 3 | ||||
4 | 5 Open: 9.1710 Close: 9.1070 Mid: 9.1225 | 6 Open: 9.1070 Close: 9.0830 Mid: 9.0980 | 7 Open: 9.0830 Close: 9.1120 Mid: 9.1100 | 8 Open: 9.1120 Close: 9.1480 Mid: 9.1170 | 9 Open: 9.1480 Close: 9.1430 Mid: 9.1435 | 10 |
11 | 12 Open: 9.1480 Close: 9.1590 Mid: 9.1570 | 13 Open: 9.1590 Close: 9.2040 Mid: 9.1825 | 14 Open: 9.2040 Close: 9.1560 Mid: 9.1795 | 15 Open: 9.1570 Close: 9.2210 Mid: 9.1900 | 16 Open: 9.2210 Close: 9.2750 Mid: 9.2480 | 17 |
18 | 19 Open: 9.2640 Close: 9.2920 Mid: 9.2670 | 20 Open: 9.2920 Close: 9.2960 Mid: 9.3035 | 21 Open: 9.2960 Close: 9.3370 Mid: 9.3200 | 22 Open: 9.3370 Close: 9.3530 Mid: 9.3505 | 23 Open: 9.3530 Close: 9.4140 Mid: 9.3860 | 24 |
25 | 26 Open: 9.4060 Close: 9.3910 Mid: 9.4030 | 27 Open: 9.3910 Close: 9.4490 Mid: 9.4165 | 28 Open: 9.4490 Close: 9.3990 Mid: 9.4180 | 29 Open: 9.3990 Close: 9.3490 Mid: 9.3745 | 30 Open: 9.3490 Close: 9.3130 Mid: 9.3275 | 31 |
September - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 9.3140 Close: 9.3570 Mid: 9.3365 | 3 Open: 9.3570 Close: 9.3390 Mid: 9.3410 | 4 Open: 9.3390 Close: 9.3520 Mid: 9.3415 | 5 Open: 9.3520 Close: 9.3480 Mid: 9.3415 | 6 Open: 9.3470 Close: 9.3090 Mid: 9.3285 | 7 |
8 | 9 Open: 9.3050 Close: 9.3000 Mid: 9.3185 | 10 Open: 9.3000 Close: 9.3160 Mid: 9.3110 | 11 Open: 9.3160 Close: 9.2860 Mid: 9.2905 | 12 Open: 9.2870 Close: 9.3420 Mid: 9.3080 | 13 Open: 9.3420 Close: 9.3100 Mid: 9.3310 | 14 |
15 | 16 Open: 9.3100 Close: 9.3750 Mid: 9.3415 | 17 Open: 9.3750 Close: 9.3340 Mid: 9.3555 | 18 Open: 9.3340 Close: 9.3560 Mid: 9.3680 | 19 Open: 9.3560 Close: 9.3890 Mid: 9.3580 | 20 Open: 9.3890 Close: 9.3930 Mid: 9.3815 | 21 |
22 | 23 Open: 9.3900 Close: 9.4120 Mid: 9.3880 | 24 Open: 9.4120 Close: 9.4320 Mid: 9.4120 | 25 Open: 9.4320 Close: 9.3680 Mid: 9.4020 | 26 Open: 9.3680 Close: 9.4040 Mid: 9.3870 | 27 Open: 9.4040 Close: 9.3770 Mid: 9.3920 | 28 |
29 | 30 Open: 9.3780 Close: 9.3870 Mid: 9.3940 |
October - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 9.3870 Close: 9.3400 Mid: 9.3570 | 2 Open: 9.3400 Close: 9.3390 Mid: 9.3375 | 3 Open: 9.3390 Close: 9.2460 Mid: 9.2860 | 4 Open: 9.2460 Close: 9.2100 Mid: 9.2405 | 5 | ||
6 | 7 Open: 9.1980 Close: 9.1840 Mid: 9.1930 | 8 Open: 9.1840 Close: 9.2510 Mid: 9.2245 | 9 Open: 9.2510 Close: 9.2550 Mid: 9.2470 | 10 Open: 9.2550 Close: 9.2460 Mid: 9.2445 | 11 Open: 9.2460 Close: 9.2330 Mid: 9.2405 | 12 |
13 | 14 Open: 9.2350 Close: 9.2570 Mid: 9.2380 | 15 Open: 9.2570 Close: 9.3070 Mid: 9.2885 | 16 Open: 9.3070 Close: 9.2480 Mid: 9.2755 | 17 Open: 9.2480 Close: 9.2690 Mid: 9.2580 | 18 Open: 9.2690 Close: 9.2670 Mid: 9.2680 | 19 |
20 | 21 Open: 9.2640 Close: 9.2440 Mid: 9.2560 | 22 Open: 9.2440 Close: 9.2490 Mid: 9.2455 | 23 Open: 9.2490 Close: 9.2100 Mid: 9.2315 | 24 Open: 9.2100 Close: 9.2360 Mid: 9.2165 | 25 Open: 9.2360 Close: 9.2300 Mid: 9.2425 | 26 |
27 | 28 Open: 9.2370 Close: 9.2430 Mid: 9.2445 | 29 Open: 9.2430 Close: 9.2800 Mid: 9.2600 | 30 Open: 9.2800 Close: 9.2240 Mid: 9.2530 | 31 Open: 9.2240 Close: 9.1810 Mid: 9.2010 |
November - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 9.1820 Close: 9.2020 Mid: 9.2080 | 2 | |||||
3 | 4 Open: 9.2350 Close: 9.1970 Mid: 9.2160 | 5 Open: 9.1980 Close: 9.2640 Mid: 9.2285 | 6 Open: 9.2650 Close: 9.2430 Mid: 9.2345 | 7 Open: 9.2430 Close: 9.2760 Mid: 9.2645 | 8 Open: 9.2770 Close: 9.2740 Mid: 9.2735 | 9 |
10 | 11 Open: 9.2650 Close: 9.2840 Mid: 9.2755 | 12 Open: 9.2840 Close: 9.2210 Mid: 9.2490 | 13 Open: 9.2200 Close: 9.1820 Mid: 9.1940 | 14 Open: 9.1820 Close: 9.1560 Mid: 9.1715 | 15 Open: 9.1570 Close: 9.1230 Mid: 9.1430 | 16 |
17 | 18 Open: 9.1260 Close: 9.1760 Mid: 9.1505 | 19 Open: 9.1750 Close: 9.1820 Mid: 9.1640 | 20 Open: 9.1820 Close: 9.1660 Mid: 9.1785 | 21 Open: 9.1660 Close: 9.1080 Mid: 9.1385 | 22 Open: 9.1080 Close: 9.0770 Mid: 9.0925 | 23 |
24 | 25 Open: 9.1090 Close: 9.0970 Mid: 9.1095 | 26 Open: 9.0970 Close: 9.1150 Mid: 9.0945 | 27 Open: 9.1150 Close: 9.1890 Mid: 9.1540 | 28 Open: 9.1890 Close: 9.1920 Mid: 9.1830 | 29 Open: 9.1920 Close: 9.2240 Mid: 9.2065 | 30 |
December - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 9.2260 Close: 9.2020 Mid: 9.2140 | 3 Open: 9.2020 Close: 9.2330 Mid: 9.2245 | 4 Open: 9.2330 Close: 9.2250 Mid: 9.2205 | 5 Open: 9.2260 Close: 9.2630 Mid: 9.2455 | 6 Open: 9.2630 Close: 9.2640 Mid: 9.2675 | 7 |
8 | 9 Open: 9.2600 Close: 9.2570 Mid: 9.2715 | 10 Open: 9.2570 Close: 9.2600 Mid: 9.2465 | 11 Open: 9.2600 Close: 9.2600 Mid: 9.2595 | 12 Open: 9.2600 Close: 9.2110 Mid: 9.2445 | 13 Open: 9.2120 Close: 9.1840 Mid: 9.1980 | 14 |
15 | 16 Open: 9.1790 Close: 9.2390 Mid: 9.2125 | 17 Open: 9.2390 Close: 9.2610 Mid: 9.2490 | 18 Open: 9.2610 Close: 9.1650 Mid: 9.2135 | 19 Open: 9.1650 Close: 9.1220 Mid: 9.1795 | 20 Open: 9.1220 Close: 9.1700 Mid: 9.1540 | 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.
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.
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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