Best British Pound / Polish Zloty Exchange Rate Today: 5.1360
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 5.1206, and the most competitive travel money / cash rates start at approximately 5.0321.
Live rate: 1 GBP = 5.1360 PLN (+0% )
Inverted: 1 PLN = 0.1947 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 | 5.1360 | 0 | 5.0846 | |||
 | 5.1206 (indicative) | 0 | 5.1206 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 5.1000 (indicative) | 0 | 5.1000 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 5.1360 | 0.47% | 5.1119 | 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. | |
 | 5.0321 | 0 | 5.0321 | 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. | |
 | 4.9965 | 0 | 4.9965 | 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. | |
 | 4.8430 | 0 | 4.8430 | 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  | 4.9922 (upper range) | Variable | 4.9922 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 4.9562 (lower range) | Variable | 4.9562 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 4.9049 | 0 | 4.9049 | International Payments and Transfers |
GBP/PLN Live Chart and Data
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0111 Close: 5.0111 Mid: 5.0111 | 2 Open: 5.0108 Close: 5.0410 Mid: 5.0261 | 3 Open: 5.0409 Close: 5.0500 Mid: 5.0449 | 4 Open: 5.0468 Close: 5.0384 Mid: 5.0410 | 5 Open: 5.0374 Close: 5.0570 Mid: 5.0479 | 6 | |
7 | 8 Open: 5.0533 Close: 5.0449 Mid: 5.0486 | 9 Open: 5.0448 Close: 5.0552 Mid: 5.0501 | 10 Open: 5.0572 Close: 5.0375 Mid: 5.0475 | 11 Open: 5.0364 Close: 5.0612 Mid: 5.0511 | 12 Open: 5.0612 Close: 5.0752 Mid: 5.0680 | 13 |
14 | 15 Open: 5.0708 Close: 5.0797 Mid: 5.0775 | 16 Open: 5.0768 Close: 5.1015 Mid: 5.0937 | 17 Open: 5.1022 Close: 5.1233 Mid: 5.1203 | 18 Open: 5.1239 Close: 5.1245 Mid: 5.1290 | 19 Open: 5.1250 Close: 5.0757 Mid: 5.0996 | 20 |
21 | 22 Open: 5.0783 Close: 5.0950 Mid: 5.0821 | 23 Open: 5.0947 Close: 5.1303 Mid: 5.1122 | 24 Open: 5.1294 Close: 5.1165 Mid: 5.1206 | 25 Open: 5.1185 Close: 5.1258 Mid: 5.1232 | 26 Open: 5.1243 Close: 5.1125 Mid: 5.1218 | 27 |
28 | 29 Open: 5.1146 Close: 5.1265 Mid: 5.1248 | 30 Open: 5.1265 Close: 5.0922 Mid: 5.1081 | 31 Open: 5.0928 Close: 5.0767 Mid: 5.0838 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0769 Close: 5.0592 Mid: 5.0655 | 2 Open: 5.0591 Close: 5.0544 Mid: 5.0617 | 3 | ||||
4 | 5 Open: 5.0575 Close: 5.0662 Mid: 5.0653 | 6 Open: 5.0662 Close: 5.0938 Mid: 5.0763 | 7 Open: 5.0943 Close: 5.0908 Mid: 5.0989 | 8 Open: 5.0907 Close: 5.0639 Mid: 5.0707 | 9 Open: 5.0637 Close: 5.0668 Mid: 5.0602 | 10 |
11 | 12 Open: 5.0658 Close: 5.0542 Mid: 5.0622 | 13 Open: 5.0549 Close: 5.1015 Mid: 5.0787 | 14 Open: 5.1023 Close: 5.0846 Mid: 5.0921 | 15 Open: 5.0847 Close: 5.0794 Mid: 5.0758 | 16 Open: 5.0794 Close: 5.0742 Mid: 5.0767 | 17 |
18 | 19 Open: 5.0692 Close: 5.0573 Mid: 5.0694 | 20 Open: 5.0572 Close: 5.0395 Mid: 5.0483 | 21 Open: 5.0399 Close: 5.0438 Mid: 5.0445 | 22 Open: 5.0437 Close: 5.0576 Mid: 5.0448 | 23 Open: 5.0589 Close: 5.0402 Mid: 5.0564 | 24 |
25 | 26 Open: 5.0569 Close: 5.0383 Mid: 5.0470 | 27 Open: 5.0383 Close: 5.0362 Mid: 5.0359 | 28 Open: 5.0373 Close: 5.0453 Mid: 5.0351 | 29 Open: 5.0446 Close: 5.0424 Mid: 5.0456 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0421 Close: 5.0390 Mid: 5.0419 | 2 | |||||
3 | 4 Open: 5.0411 Close: 5.0533 Mid: 5.0473 | 5 Open: 5.0533 Close: 5.0467 Mid: 5.0522 | 6 Open: 5.0463 Close: 5.0246 Mid: 5.0361 | 7 Open: 5.0246 Close: 5.0324 Mid: 5.0325 | 8 Open: 5.0324 Close: 5.0534 Mid: 5.0473 | 9 |
10 | 11 Open: 5.0549 Close: 5.0216 Mid: 5.0335 | 12 Open: 5.0217 Close: 5.0215 Mid: 5.0158 | 13 Open: 5.0215 Close: 5.0065 Mid: 5.0141 | 14 Open: 5.0066 Close: 5.0296 Mid: 5.0172 | 15 Open: 5.0295 Close: 5.0307 Mid: 5.0281 | 16 |
17 | 18 Open: 5.0309 Close: 5.0599 Mid: 5.0447 | 19 Open: 5.0599 Close: 5.0512 Mid: 5.0544 | 20 Open: 5.0511 Close: 5.0453 Mid: 5.0564 | 21 Open: 5.0453 Close: 5.0209 Mid: 5.0361 | 22 Open: 5.0208 Close: 5.0378 Mid: 5.0282 | 23 |
24 | 25 Open: 5.0356 Close: 5.0245 Mid: 5.0304 | 26 Open: 5.0245 Close: 5.0258 Mid: 5.0224 | 27 Open: 5.0257 Close: 5.0376 Mid: 5.0306 | 28 Open: 5.0376 Close: 5.0404 Mid: 5.0415 | 29 Open: 5.0403 Close: 5.0233 Mid: 5.0343 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0315 Close: 5.0186 Mid: 5.0228 | 2 Open: 5.0186 Close: 5.0104 Mid: 5.0162 | 3 Open: 5.0104 Close: 5.0107 Mid: 5.0121 | 4 Open: 5.0107 Close: 5.0055 Mid: 5.0054 | 5 Open: 5.0056 Close: 4.9925 Mid: 4.9972 | 6 | |
7 | 8 Open: 4.9888 Close: 4.9653 Mid: 4.9798 | 9 Open: 4.9653 Close: 4.9774 Mid: 4.9709 | 10 Open: 4.9774 Close: 4.9792 Mid: 4.9829 | 11 Open: 4.9793 Close: 4.9884 Mid: 4.9819 | 12 Open: 4.9884 Close: 5.0153 Mid: 5.0010 | 13 |
14 | 15 Open: 5.0074 Close: 5.0421 Mid: 5.0235 | 16 Open: 5.0421 Close: 5.1094 Mid: 5.0776 | 17 Open: 5.1094 Close: 5.0615 Mid: 5.0890 | 18 Open: 5.0615 Close: 5.0674 Mid: 5.0567 | 19 Open: 5.0674 Close: 5.0025 Mid: 5.0513 | 20 |
21 | 22 Open: 5.0073 Close: 5.0027 Mid: 5.0094 | 23 Open: 5.0026 Close: 5.0131 Mid: 5.0145 | 24 Open: 5.0132 Close: 5.0505 Mid: 5.0315 | 25 Open: 5.0504 Close: 5.0325 Mid: 5.0427 | 26 Open: 5.0325 Close: 5.0449 Mid: 5.0397 | 27 |
28 | 29 Open: 5.0415 Close: 5.0568 Mid: 5.0542 | 30 Open: 5.0568 Close: 5.0738 Mid: 5.0628 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0738 Close: 5.0550 Mid: 5.0688 | 2 Open: 5.0550 Close: 5.0640 Mid: 5.0611 | 3 Open: 5.0640 Close: 5.0415 Mid: 5.0531 | 4 | |||
5 | 6 Open: 5.0409 Close: 5.0256 Mid: 5.0412 | 7 Open: 5.0256 Close: 5.0145 Mid: 5.0206 | 8 Open: 5.0146 Close: 5.0020 Mid: 5.0067 | 9 Open: 5.0021 Close: 4.9808 Mid: 4.9876 | 10 Open: 4.9808 Close: 5.0039 Mid: 4.9925 | 11 |
12 | 13 Open: 4.9963 Close: 4.9890 Mid: 4.9917 | 14 Open: 4.9890 Close: 4.9669 Mid: 4.9780 | 15 Open: 4.9669 Close: 4.9679 Mid: 4.9693 | 16 Open: 4.9679 Close: 4.9663 Mid: 4.9693 | 17 Open: 4.9663 Close: 4.9790 Mid: 4.9741 | 18 |
19 | 20 Open: 4.9793 Close: 4.9770 Mid: 4.9751 | 21 Open: 4.9770 Close: 4.9791 Mid: 4.9803 | 22 Open: 4.9791 Close: 5.0177 Mid: 4.9989 | 23 Open: 5.0178 Close: 5.0067 Mid: 5.0110 | 24 Open: 5.0067 Close: 4.9939 Mid: 4.9985 | 25 |
26 | 27 Open: 4.9972 Close: 5.0075 Mid: 5.0029 | 28 Open: 5.0075 Close: 5.0000 Mid: 5.0005 | 29 Open: 5.0000 Close: 5.0319 Mid: 5.0143 | 30 Open: 5.0319 Close: 5.0333 Mid: 5.0357 | 31 Open: 5.0333 Close: 5.0189 Mid: 5.0165 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 5.0190 Close: 5.0203 Mid: 5.0262 | 4 Open: 5.0205 Close: 5.0576 Mid: 5.0417 | 5 Open: 5.0576 Close: 5.0494 Mid: 5.0561 | 6 Open: 5.0494 Close: 5.0308 Mid: 5.0390 | 7 Open: 5.0308 Close: 5.0795 Mid: 5.0541 | 8 |
9 | 10 Open: 5.0808 Close: 5.1146 Mid: 5.1038 | 11 Open: 5.1147 Close: 5.1473 Mid: 5.1326 | 12 Open: 5.1473 Close: 5.1295 Mid: 5.1351 | 13 Open: 5.1295 Close: 5.1675 Mid: 5.1426 | 14 Open: 5.1676 Close: 5.1917 Mid: 5.1806 | 15 |
16 | 17 Open: 5.1862 Close: 5.1449 Mid: 5.1678 | 18 Open: 5.1449 Close: 5.1328 Mid: 5.1376 | 19 Open: 5.1327 Close: 5.1205 Mid: 5.1342 | 20 Open: 5.1206 Close: 5.1164 Mid: 5.1170 | 21 Open: 5.1164 Close: 5.1149 Mid: 5.1216 | 22 |
23 | 24 Open: 5.1146 Close: 5.0759 Mid: 5.0944 | 25 Open: 5.0760 Close: 5.0888 Mid: 5.0868 | 26 Open: 5.0888 Close: 5.0980 Mid: 5.1002 | 27 Open: 5.0980 Close: 5.0899 Mid: 5.0982 | 28 Open: 5.0899 Close: 5.0893 Mid: 5.0887 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0780 Close: 5.0856 Mid: 5.0742 | 2 Open: 5.0854 Close: 5.0874 Mid: 5.0958 | 3 Open: 5.0875 Close: 5.0779 Mid: 5.0814 | 4 Open: 5.0779 Close: 5.0536 Mid: 5.0679 | 5 Open: 5.0536 Close: 5.0647 Mid: 5.0613 | 6 | |
7 | 8 Open: 5.0733 Close: 5.0496 Mid: 5.0632 | 9 Open: 5.0493 Close: 5.0326 Mid: 5.0435 | 10 Open: 5.0326 Close: 5.0557 Mid: 5.0422 | 11 Open: 5.0557 Close: 5.0632 Mid: 5.0542 | 12 Open: 5.0632 Close: 5.0653 Mid: 5.0647 | 13 |
14 | 15 Open: 5.0692 Close: 5.0665 Mid: 5.0635 | 16 Open: 5.0665 Close: 5.1004 Mid: 5.0819 | 17 Open: 5.1004 Close: 5.1024 Mid: 5.1080 | 18 Open: 5.1024 Close: 5.0983 Mid: 5.1008 | 19 Open: 5.0983 Close: 5.0859 Mid: 5.0922 | 20 |
21 | 22 Open: 5.0832 Close: 5.0809 Mid: 5.0841 | 23 Open: 5.0808 Close: 5.0861 Mid: 5.0879 | 24 Open: 5.0861 Close: 5.1162 Mid: 5.1004 | 25 Open: 5.1162 Close: 5.0774 Mid: 5.0983 | 26 Open: 5.0774 Close: 5.0661 Mid: 5.0692 | 27 |
28 | 29 Open: 5.0592 Close: 5.1031 Mid: 5.0817 | 30 Open: 5.1031 Close: 5.0942 Mid: 5.0935 | 31 Open: 5.0942 Close: 5.0935 Mid: 5.0895 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0935 Close: 5.0793 Mid: 5.0877 | 2 Open: 5.0793 Close: 5.0366 Mid: 5.0524 | 3 | ||||
4 | 5 Open: 5.0301 Close: 5.0190 Mid: 5.0183 | 6 Open: 5.0189 Close: 5.0060 Mid: 5.0181 | 7 Open: 5.0060 Close: 5.0277 Mid: 5.0219 | 8 Open: 5.0277 Close: 5.0442 Mid: 5.0331 | 9 Open: 5.0441 Close: 5.0501 Mid: 5.0504 | 10 |
11 | 12 Open: 5.0564 Close: 5.0267 Mid: 5.0400 | 13 Open: 5.0267 Close: 5.0194 Mid: 5.0265 | 14 Open: 5.0194 Close: 4.9984 Mid: 5.0047 | 15 Open: 4.9985 Close: 5.0244 Mid: 5.0086 | 16 Open: 5.0242 Close: 5.0048 Mid: 5.0162 | 17 |
18 | 19 Open: 5.0087 Close: 4.9990 Mid: 5.0093 | 20 Open: 4.9990 Close: 5.0082 Mid: 5.0090 | 21 Open: 5.0081 Close: 5.0263 Mid: 5.0213 | 22 Open: 5.0264 Close: 5.0443 Mid: 5.0380 | 23 Open: 5.0442 Close: 5.0365 Mid: 5.0436 | 24 |
25 | 26 Open: 5.0492 Close: 5.0594 Mid: 5.0504 | 27 Open: 5.0593 Close: 5.0783 Mid: 5.0707 | 28 Open: 5.0783 Close: 5.0953 Mid: 5.0969 | 29 Open: 5.0953 Close: 5.0929 Mid: 5.0984 | 30 Open: 5.0929 Close: 5.0882 Mid: 5.0880 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.0904 Close: 5.0696 Mid: 5.0843 | 3 Open: 5.0697 Close: 5.0840 Mid: 5.0787 | 4 Open: 5.0839 Close: 5.0720 Mid: 5.0768 | 5 Open: 5.0720 Close: 5.0809 Mid: 5.0714 | 6 Open: 5.0809 Close: 5.0725 Mid: 5.0774 | 7 |
8 | 9 Open: 5.0694 Close: 5.0650 Mid: 5.0692 | 10 Open: 5.0651 Close: 5.0810 Mid: 5.0730 | 11 Open: 5.0810 Close: 5.0808 Mid: 5.0780 | 12 Open: 5.0808 Close: 5.0787 Mid: 5.0845 | 13 Open: 5.0787 Close: 5.0729 Mid: 5.0770 | 14 |
15 | 16 Open: 5.0724 Close: 5.0766 Mid: 5.0717 | 17 Open: 5.0766 Close: 5.0612 Mid: 5.0711 | 18 Open: 5.0612 Close: 5.0756 Mid: 5.0717 | 19 Open: 5.0756 Close: 5.0864 Mid: 5.0789 | 20 Open: 5.0864 Close: 5.0959 Mid: 5.0929 | 21 |
22 | 23 Open: 5.0946 Close: 5.1306 Mid: 5.1113 | 24 Open: 5.1306 Close: 5.1049 Mid: 5.1202 | 25 Open: 5.1049 Close: 5.1082 Mid: 5.1027 | 26 Open: 5.1082 Close: 5.1311 Mid: 5.1189 | 27 Open: 5.1311 Close: 5.1221 Mid: 5.1290 | 28 |
29 | 30 Open: 5.1213 Close: 5.1465 Mid: 5.1352 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.1464 Close: 5.1473 Mid: 5.1487 | 2 Open: 5.1472 Close: 5.1578 Mid: 5.1514 | 3 Open: 5.1578 Close: 5.1261 Mid: 5.1331 | 4 Open: 5.1261 Close: 5.1595 Mid: 5.1469 | 5 | ||
6 | 7 Open: 5.1572 Close: 5.1546 Mid: 5.1563 | 8 Open: 5.1547 Close: 5.1351 Mid: 5.1449 | 9 Open: 5.1351 Close: 5.1341 Mid: 5.1328 | 10 Open: 5.1341 Close: 5.1359 Mid: 5.1428 | 11 Open: 5.1359 Close: 5.1283 Mid: 5.1318 | 12 |
13 | 14 Open: 5.1340 Close: 5.1409 Mid: 5.1322 | 15 Open: 5.1409 Close: 5.1537 Mid: 5.1465 | 16 Open: 5.1536 Close: 5.1404 Mid: 5.1415 | 17 Open: 5.1404 Close: 5.1770 Mid: 5.1634 | 18 Open: 5.1769 Close: 5.1701 Mid: 5.1769 | 19 |
20 | 21 Open: 5.1720 Close: 5.1873 Mid: 5.1774 | 22 Open: 5.1873 Close: 5.1996 Mid: 5.1870 | 23 Open: 5.1996 Close: 5.2071 Mid: 5.2105 | 24 Open: 5.2071 Close: 5.2089 Mid: 5.2140 | 25 Open: 5.2088 Close: 5.2153 Mid: 5.2124 | 26 |
27 | 28 Open: 5.2197 Close: 5.2188 Mid: 5.2192 | 29 Open: 5.2189 Close: 5.2203 Mid: 5.2272 | 30 Open: 5.2202 Close: 5.1997 Mid: 5.2069 | 31 Open: 5.1997 Close: 5.1609 Mid: 5.1807 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.1609 Close: 5.2021 Mid: 5.1831 | 2 | |||||
3 | 4 Open: 5.1972 Close: 5.1893 Mid: 5.1776 | 5 Open: 5.1893 Close: 5.1957 Mid: 5.1945 | 6 Open: 5.1960 Close: 5.2259 Mid: 5.2226 | 7 Open: 5.2259 Close: 5.1838 Mid: 5.2088 | 8 Open: 5.1837 Close: 5.2110 Mid: 5.2014 | 9 |
10 | 11 Open: 5.2096 Close: 5.2679 Mid: 5.2400 | 12 Open: 5.2679 Close: 5.2205 Mid: 5.2440 | 13 Open: 5.2205 Close: 5.2227 Mid: 5.2151 | 14 Open: 5.2227 Close: 5.1993 Mid: 5.2108 | 15 Open: 5.1993 Close: 5.1716 Mid: 5.1869 | 16 |
17 | 18 Open: 5.1876 Close: 5.1595 Mid: 5.1753 | 19 Open: 5.1595 Close: 5.1873 Mid: 5.1811 | 20 Open: 5.1872 Close: 5.2025 Mid: 5.2017 | 21 Open: 5.2025 Close: 5.2203 Mid: 5.2112 | 22 Open: 5.2203 Close: 5.2151 Mid: 5.2252 | 23 |
24 | 25 Open: 5.2082 Close: 5.1619 Mid: 5.1857 | 26 Open: 5.1619 Close: 5.1586 Mid: 5.1658 | 27 Open: 5.1586 Close: 5.1633 Mid: 5.1595 | 28 Open: 5.1633 Close: 5.1770 Mid: 5.1730 | 29 Open: 5.1770 Close: 5.1799 Mid: 5.1719 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.1760 Close: 5.1630 Mid: 5.1770 | 3 Open: 5.1632 Close: 5.1762 Mid: 5.1707 | 4 Open: 5.1761 Close: 5.1711 Mid: 5.1772 | 5 Open: 5.1712 Close: 5.1455 Mid: 5.1553 | 6 Open: 5.1456 Close: 5.1432 Mid: 5.1465 | 7 |
8 | 9 Open: 5.1479 Close: 5.1448 Mid: 5.1481 | 10 Open: 5.1447 Close: 5.1657 Mid: 5.1575 | 11 Open: 5.1658 Close: 5.1879 Mid: 5.1755 | 12 Open: 5.1878 Close: 5.1756 Mid: 5.1803 | 13 Open: 5.1756 Close: 5.1230 Mid: 5.1500 | 14 |
15 | 16 Open: 5.1270 Close: 5.1370 Mid: 5.1310 | 17 Open: 5.1370 Close: 5.1728 Mid: 5.1540 | 18 Open: 5.1727 Close: 5.1835 Mid: 5.1660 | 19 Open: 5.1835 Close: 5.1362 Mid: 5.1600 | 20 Open: 5.1362 Close: 5.1360 Mid: 5.1338 | 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.
Pound Sterling Live's Latest News
Dollar Eases from Highs on PCE Inflation Undershoot
December 20, 2024
Equities Outlook 2025: "The Bigger the Boom, the Bigger the Bust"
December 20, 2024
Pound to Dollar Hits Fresh 7-month Low, U.S. Funding Dramas Cited
December 20, 2024
Pound to Euro Conversion Falters From Four-year Highs
December 20, 2024
More Gloom for the Pound After Retail Sales Underwhelm
December 20, 2024