Best Japanese Yen / Chinese Yuan Exchange Rate Today: 0.0464
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.0463, and the most competitive travel money / cash rates start at approximately 0.0460.
Live rate: 1 JPY = 0.0464 CNY (-0.04% )
Inverted: 1 CNY = 21.5517 JPY
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 | 0.0464 | 0 | 0.0459 | |||
 | 0.0463 (indicative) | 0 | 0.0463 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.0461 (indicative) | 0 | 0.0461 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.0464 | 80.7% | 0.0090 | 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. | |
 | 0.0460 | 0 | 0.0460 | 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. | |
Best Bank Rate  | 0.0451 (upper range) | Variable | 0.0451 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.0448 (lower range) | Variable | 0.0448 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.0443 | 0 | 0.0443 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0500 Close: 0.0502 Mid: 0.0501 | 2 Open: 0.0503 Close: 0.0500 Mid: 0.0501 | 3 Open: 0.0500 Close: 0.0496 Mid: 0.0498 | 4 Open: 0.0496 Close: 0.0492 Mid: 0.0494 | 5 Open: 0.0492 Close: 0.0491 Mid: 0.0491 | 6 | |
7 | 8 Open: 0.0489 Close: 0.0492 Mid: 0.0492 | 9 Open: 0.0492 Close: 0.0492 Mid: 0.0494 | 10 Open: 0.0492 Close: 0.0488 Mid: 0.0490 | 11 Open: 0.0488 Close: 0.0488 Mid: 0.0487 | 12 Open: 0.0488 Close: 0.0491 Mid: 0.0490 | 13 |
14 | 15 Open: 0.0490 Close: 0.0487 Mid: 0.0490 | 16 Open: 0.0488 Close: 0.0484 Mid: 0.0487 | 17 Open: 0.0484 Close: 0.0481 Mid: 0.0482 | 18 Open: 0.0481 Close: 0.0480 Mid: 0.0481 | 19 Open: 0.0480 Close: 0.0480 Mid: 0.0480 | 20 |
21 | 22 Open: 0.0480 Close: 0.0480 Mid: 0.0481 | 23 Open: 0.0480 Close: 0.0477 Mid: 0.0479 | 24 Open: 0.0478 Close: 0.0481 Mid: 0.0480 | 25 Open: 0.0481 Close: 0.0480 Mid: 0.0481 | 26 Open: 0.0480 Close: 0.0479 Mid: 0.0480 | 27 |
28 | 29 Open: 0.0479 Close: 0.0481 Mid: 0.0481 | 30 Open: 0.0481 Close: 0.0481 Mid: 0.0482 | 31 Open: 0.0481 Close: 0.0483 Mid: 0.0482 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0483 Close: 0.0485 Mid: 0.0485 | 2 Open: 0.0485 Close: 0.0480 Mid: 0.0483 | 3 | ||||
4 | 5 Open: 0.0480 Close: 0.0479 Mid: 0.0480 | 6 Open: 0.0479 Close: 0.0480 Mid: 0.0479 | 7 Open: 0.0480 Close: 0.0480 Mid: 0.0481 | 8 Open: 0.0480 Close: 0.0476 Mid: 0.0479 | 9 Open: 0.0477 Close: 0.0477 Mid: 0.0476 | 10 |
11 | 12 Open: 0.0477 Close: 0.0477 Mid: 0.0478 | 13 Open: 0.0477 Close: 0.0472 Mid: 0.0475 | 14 Open: 0.0472 Close: 0.0473 Mid: 0.0474 | 15 Open: 0.0473 Close: 0.0474 Mid: 0.0474 | 16 Open: 0.0474 Close: 0.0474 Mid: 0.0474 | 17 |
18 | 19 Open: 0.0474 Close: 0.0474 Mid: 0.0474 | 20 Open: 0.0474 Close: 0.0474 Mid: 0.0474 | 21 Open: 0.0474 Close: 0.0472 Mid: 0.0473 | 22 Open: 0.0472 Close: 0.0472 Mid: 0.0473 | 23 Open: 0.0472 Close: 0.0472 Mid: 0.0472 | 24 |
25 | 26 Open: 0.0472 Close: 0.0472 Mid: 0.0473 | 27 Open: 0.0472 Close: 0.0472 Mid: 0.0473 | 28 Open: 0.0472 Close: 0.0472 Mid: 0.0472 | 29 Open: 0.0472 Close: 0.0474 Mid: 0.0473 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0474 Close: 0.0473 Mid: 0.0473 | 2 | |||||
3 | 4 Open: 0.0474 Close: 0.0472 Mid: 0.0473 | 5 Open: 0.0472 Close: 0.0473 Mid: 0.0473 | 6 Open: 0.0473 Close: 0.0476 Mid: 0.0475 | 7 Open: 0.0476 Close: 0.0479 Mid: 0.0479 | 8 Open: 0.0479 Close: 0.0482 Mid: 0.0482 | 9 |
10 | 11 Open: 0.0483 Close: 0.0482 Mid: 0.0483 | 12 Open: 0.0482 Close: 0.0480 Mid: 0.0481 | 13 Open: 0.0480 Close: 0.0480 Mid: 0.0480 | 14 Open: 0.0480 Close: 0.0478 Mid: 0.0480 | 15 Open: 0.0478 Close: 0.0476 Mid: 0.0478 | 16 |
17 | 18 Open: 0.0476 Close: 0.0476 Mid: 0.0477 | 19 Open: 0.0476 Close: 0.0471 Mid: 0.0473 | 20 Open: 0.0471 Close: 0.0468 Mid: 0.0469 | 21 Open: 0.0468 Close: 0.0469 Mid: 0.0470 | 22 Open: 0.0469 Close: 0.0471 Mid: 0.0472 | 23 |
24 | 25 Open: 0.0469 Close: 0.0470 Mid: 0.0471 | 26 Open: 0.0470 Close: 0.0470 Mid: 0.0470 | 27 Open: 0.0470 Close: 0.0470 Mid: 0.0470 | 28 Open: 0.0470 Close: 0.0470 Mid: 0.0470 | 29 Open: 0.0470 Close: 0.0469 Mid: 0.0470 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0469 Close: 0.0471 Mid: 0.0470 | 2 Open: 0.0472 Close: 0.0468 Mid: 0.0470 | 3 Open: 0.0468 Close: 0.0467 Mid: 0.0468 | 4 Open: 0.0467 Close: 0.0469 Mid: 0.0468 | 5 Open: 0.0469 Close: 0.0467 Mid: 0.0469 | 6 | |
7 | 8 Open: 0.0467 Close: 0.0467 Mid: 0.0467 | 9 Open: 0.0467 Close: 0.0467 Mid: 0.0467 | 10 Open: 0.0467 Close: 0.0464 Mid: 0.0466 | 11 Open: 0.0464 Close: 0.0463 Mid: 0.0464 | 12 Open: 0.0463 Close: 0.0464 Mid: 0.0465 | 13 |
14 | 15 Open: 0.0463 Close: 0.0460 Mid: 0.0462 | 16 Open: 0.0460 Close: 0.0460 Mid: 0.0460 | 17 Open: 0.0460 Close: 0.0460 Mid: 0.0460 | 18 Open: 0.0460 Close: 0.0459 Mid: 0.0460 | 19 Open: 0.0459 Close: 0.0460 Mid: 0.0461 | 20 |
21 | 22 Open: 0.0459 Close: 0.0458 Mid: 0.0460 | 23 Open: 0.0458 Close: 0.0458 Mid: 0.0459 | 24 Open: 0.0458 Close: 0.0457 Mid: 0.0458 | 25 Open: 0.0457 Close: 0.0456 Mid: 0.0457 | 26 Open: 0.0456 Close: 0.0448 Mid: 0.0453 | 27 |
28 | 29 Open: 0.0448 Close: 0.0453 Mid: 0.0451 | 30 Open: 0.0453 Close: 0.0450 Mid: 0.0452 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0450 Close: 0.0457 Mid: 0.0455 | 2 Open: 0.0457 Close: 0.0460 Mid: 0.0458 | 3 Open: 0.0460 Close: 0.0462 Mid: 0.0462 | 4 | |||
5 | 6 Open: 0.0462 Close: 0.0460 Mid: 0.0461 | 7 Open: 0.0460 Close: 0.0459 Mid: 0.0460 | 8 Open: 0.0459 Close: 0.0456 Mid: 0.0458 | 9 Open: 0.0456 Close: 0.0455 Mid: 0.0456 | 10 Open: 0.0455 Close: 0.0455 Mid: 0.0456 | 11 |
12 | 13 Open: 0.0456 Close: 0.0454 Mid: 0.0455 | 14 Open: 0.0454 Close: 0.0453 Mid: 0.0454 | 15 Open: 0.0453 Close: 0.0456 Mid: 0.0455 | 16 Open: 0.0457 Close: 0.0456 Mid: 0.0458 | 17 Open: 0.0456 Close: 0.0455 Mid: 0.0456 | 18 |
19 | 20 Open: 0.0455 Close: 0.0454 Mid: 0.0455 | 21 Open: 0.0454 Close: 0.0454 Mid: 0.0454 | 22 Open: 0.0454 Close: 0.0453 Mid: 0.0454 | 23 Open: 0.0453 Close: 0.0453 Mid: 0.0453 | 24 Open: 0.0453 Close: 0.0453 Mid: 0.0453 | 25 |
26 | 27 Open: 0.0453 Close: 0.0453 Mid: 0.0454 | 28 Open: 0.0453 Close: 0.0453 Mid: 0.0453 | 29 Open: 0.0453 Close: 0.0452 Mid: 0.0452 | 30 Open: 0.0452 Close: 0.0453 Mid: 0.0453 | 31 Open: 0.0453 Close: 0.0451 Mid: 0.0452 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.0451 Close: 0.0454 Mid: 0.0453 | 4 Open: 0.0454 Close: 0.0458 Mid: 0.0457 | 5 Open: 0.0458 Close: 0.0460 Mid: 0.0461 | 6 Open: 0.0460 Close: 0.0465 Mid: 0.0461 | 7 Open: 0.0465 Close: 0.0463 Mid: 0.0464 | 8 |
9 | 10 Open: 0.0463 Close: 0.0452 Mid: 0.0458 | 11 Open: 0.0452 Close: 0.0452 Mid: 0.0453 | 12 Open: 0.0452 Close: 0.0462 Mid: 0.0458 | 13 Open: 0.0462 Close: 0.0462 Mid: 0.0462 | 14 Open: 0.0462 Close: 0.0461 Mid: 0.0461 | 15 |
16 | 17 Open: 0.0460 Close: 0.0460 Mid: 0.0461 | 18 Open: 0.0460 Close: 0.0460 Mid: 0.0460 | 19 Open: 0.0460 Close: 0.0459 Mid: 0.0460 | 20 Open: 0.0459 Close: 0.0457 Mid: 0.0458 | 21 Open: 0.0457 Close: 0.0454 Mid: 0.0456 | 22 |
23 | 24 Open: 0.0454 Close: 0.0455 Mid: 0.0456 | 25 Open: 0.0455 Close: 0.0455 Mid: 0.0456 | 26 Open: 0.0455 Close: 0.0452 Mid: 0.0454 | 27 Open: 0.0452 Close: 0.0452 Mid: 0.0453 | 28 Open: 0.0452 Close: 0.0452 Mid: 0.0453 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0452 Close: 0.0450 Mid: 0.0451 | 2 Open: 0.0450 Close: 0.0450 Mid: 0.0450 | 3 Open: 0.0450 Close: 0.0450 Mid: 0.0451 | 4 Open: 0.0450 Close: 0.0451 Mid: 0.0451 | 5 Open: 0.0451 Close: 0.0452 Mid: 0.0452 | 6 | |
7 | 8 Open: 0.0452 Close: 0.0452 Mid: 0.0453 | 9 Open: 0.0452 Close: 0.0451 Mid: 0.0452 | 10 Open: 0.0451 Close: 0.0450 Mid: 0.0451 | 11 Open: 0.0450 Close: 0.0457 Mid: 0.0455 | 12 Open: 0.0457 Close: 0.0459 Mid: 0.0458 | 13 |
14 | 15 Open: 0.0459 Close: 0.0459 Mid: 0.0460 | 16 Open: 0.0459 Close: 0.0452 Mid: 0.0456 | 17 Open: 0.0452 Close: 0.0465 Mid: 0.0458 | 18 Open: 0.0465 Close: 0.0461 Mid: 0.0464 | 19 Open: 0.0461 Close: 0.0462 Mid: 0.0462 | 20 |
21 | 22 Open: 0.0462 Close: 0.0463 Mid: 0.0464 | 23 Open: 0.0463 Close: 0.0468 Mid: 0.0465 | 24 Open: 0.0468 Close: 0.0472 Mid: 0.0471 | 25 Open: 0.0472 Close: 0.0470 Mid: 0.0473 | 26 Open: 0.0470 Close: 0.0472 Mid: 0.0471 | 27 |
28 | 29 Open: 0.0473 Close: 0.0471 Mid: 0.0472 | 30 Open: 0.0471 Close: 0.0475 Mid: 0.0472 | 31 Open: 0.0475 Close: 0.0481 Mid: 0.0477 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0481 Close: 0.0485 Mid: 0.0483 | 2 Open: 0.0485 Close: 0.0489 Mid: 0.0487 | 3 | ||||
4 | 5 Open: 0.0489 Close: 0.0494 Mid: 0.0497 | 6 Open: 0.0494 Close: 0.0496 Mid: 0.0492 | 7 Open: 0.0496 Close: 0.0489 Mid: 0.0491 | 8 Open: 0.0489 Close: 0.0487 Mid: 0.0490 | 9 Open: 0.0487 Close: 0.0489 Mid: 0.0488 | 10 |
11 | 12 Open: 0.0488 Close: 0.0487 Mid: 0.0487 | 13 Open: 0.0487 Close: 0.0487 Mid: 0.0487 | 14 Open: 0.0487 Close: 0.0484 Mid: 0.0487 | 15 Open: 0.0485 Close: 0.0480 Mid: 0.0483 | 16 Open: 0.0480 Close: 0.0485 Mid: 0.0484 | 17 |
18 | 19 Open: 0.0485 Close: 0.0488 Mid: 0.0488 | 20 Open: 0.0488 Close: 0.0491 Mid: 0.0490 | 21 Open: 0.0491 Close: 0.0491 Mid: 0.0490 | 22 Open: 0.0491 Close: 0.0488 Mid: 0.0490 | 23 Open: 0.0488 Close: 0.0493 Mid: 0.0491 | 24 |
25 | 26 Open: 0.0493 Close: 0.0493 Mid: 0.0494 | 27 Open: 0.0493 Close: 0.0495 Mid: 0.0493 | 28 Open: 0.0495 Close: 0.0493 Mid: 0.0494 | 29 Open: 0.0493 Close: 0.0490 Mid: 0.0491 | 30 Open: 0.0490 Close: 0.0485 Mid: 0.0488 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0485 Close: 0.0484 Mid: 0.0486 | 3 Open: 0.0484 Close: 0.0490 Mid: 0.0487 | 4 Open: 0.0490 Close: 0.0495 Mid: 0.0492 | 5 Open: 0.0495 Close: 0.0494 Mid: 0.0495 | 6 Open: 0.0494 Close: 0.0498 Mid: 0.0496 | 7 |
8 | 9 Open: 0.0498 Close: 0.0497 Mid: 0.0498 | 10 Open: 0.0497 Close: 0.0500 Mid: 0.0498 | 11 Open: 0.0500 Close: 0.0500 Mid: 0.0502 | 12 Open: 0.0500 Close: 0.0502 Mid: 0.0500 | 13 Open: 0.0502 Close: 0.0504 Mid: 0.0504 | 14 |
15 | 16 Open: 0.0503 Close: 0.0504 Mid: 0.0505 | 17 Open: 0.0504 Close: 0.0498 Mid: 0.0502 | 18 Open: 0.0498 Close: 0.0498 Mid: 0.0501 | 19 Open: 0.0498 Close: 0.0496 Mid: 0.0495 | 20 Open: 0.0496 Close: 0.0490 Mid: 0.0493 | 21 |
22 | 23 Open: 0.0490 Close: 0.0491 Mid: 0.0491 | 24 Open: 0.0491 Close: 0.0491 Mid: 0.0490 | 25 Open: 0.0491 Close: 0.0486 Mid: 0.0488 | 26 Open: 0.0486 Close: 0.0484 Mid: 0.0485 | 27 Open: 0.0484 Close: 0.0493 Mid: 0.0487 | 28 |
29 | 30 Open: 0.0493 Close: 0.0489 Mid: 0.0492 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0489 Close: 0.0490 Mid: 0.0488 | 2 Open: 0.0490 Close: 0.0481 Mid: 0.0485 | 3 Open: 0.0481 Close: 0.0479 Mid: 0.0480 | 4 Open: 0.0479 Close: 0.0472 Mid: 0.0478 | 5 | ||
6 | 7 Open: 0.0471 Close: 0.0474 Mid: 0.0473 | 8 Open: 0.0474 Close: 0.0476 Mid: 0.0477 | 9 Open: 0.0476 Close: 0.0474 Mid: 0.0476 | 10 Open: 0.0474 Close: 0.0477 Mid: 0.0476 | 11 Open: 0.0477 Close: 0.0474 Mid: 0.0475 | 12 |
13 | 14 Open: 0.0474 Close: 0.0473 Mid: 0.0474 | 15 Open: 0.0473 Close: 0.0477 Mid: 0.0476 | 16 Open: 0.0477 Close: 0.0476 Mid: 0.0477 | 17 Open: 0.0476 Close: 0.0474 Mid: 0.0476 | 18 Open: 0.0474 Close: 0.0475 Mid: 0.0475 | 19 |
20 | 21 Open: 0.0474 Close: 0.0472 Mid: 0.0474 | 22 Open: 0.0472 Close: 0.0471 Mid: 0.0473 | 23 Open: 0.0471 Close: 0.0467 Mid: 0.0468 | 24 Open: 0.0467 Close: 0.0469 Mid: 0.0468 | 25 Open: 0.0469 Close: 0.0468 Mid: 0.0469 | 26 |
27 | 28 Open: 0.0465 Close: 0.0465 Mid: 0.0466 | 29 Open: 0.0465 Close: 0.0465 Mid: 0.0466 | 30 Open: 0.0465 Close: 0.0464 Mid: 0.0465 | 31 Open: 0.0464 Close: 0.0468 Mid: 0.0467 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0468 Close: 0.0466 Mid: 0.0468 | 2 | |||||
3 | 4 Open: 0.0468 Close: 0.0467 Mid: 0.0468 | 5 Open: 0.0467 Close: 0.0468 Mid: 0.0468 | 6 Open: 0.0469 Close: 0.0464 Mid: 0.0465 | 7 Open: 0.0464 Close: 0.0467 Mid: 0.0466 | 8 Open: 0.0467 Close: 0.0470 Mid: 0.0469 | 9 |
10 | 11 Open: 0.0470 Close: 0.0469 Mid: 0.0469 | 12 Open: 0.0469 Close: 0.0468 Mid: 0.0469 | 13 Open: 0.0468 Close: 0.0465 Mid: 0.0466 | 14 Open: 0.0465 Close: 0.0463 Mid: 0.0464 | 15 Open: 0.0463 Close: 0.0468 Mid: 0.0466 | 16 |
17 | 18 Open: 0.0469 Close: 0.0468 Mid: 0.0469 | 19 Open: 0.0468 Close: 0.0468 Mid: 0.0470 | 20 Open: 0.0468 Close: 0.0466 Mid: 0.0466 | 21 Open: 0.0466 Close: 0.0468 Mid: 0.0468 | 22 Open: 0.0468 Close: 0.0468 Mid: 0.0469 | 23 |
24 | 25 Open: 0.0470 Close: 0.0469 Mid: 0.0470 | 26 Open: 0.0469 Close: 0.0474 Mid: 0.0472 | 27 Open: 0.0474 Close: 0.0480 Mid: 0.0478 | 28 Open: 0.0480 Close: 0.0478 Mid: 0.0479 | 29 Open: 0.0478 Close: 0.0484 Mid: 0.0482 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0484 Close: 0.0486 Mid: 0.0486 | 3 Open: 0.0486 Close: 0.0487 Mid: 0.0488 | 4 Open: 0.0487 Close: 0.0482 Mid: 0.0484 | 5 Open: 0.0482 Close: 0.0484 Mid: 0.0484 | 6 Open: 0.0484 Close: 0.0485 Mid: 0.0484 | 7 |
8 | 9 Open: 0.0484 Close: 0.0480 Mid: 0.0483 | 10 Open: 0.0480 Close: 0.0477 Mid: 0.0479 | 11 Open: 0.0477 Close: 0.0476 Mid: 0.0478 | 12 Open: 0.0476 Close: 0.0476 Mid: 0.0477 | 13 Open: 0.0476 Close: 0.0474 Mid: 0.0475 | 14 |
15 | 16 Open: 0.0472 Close: 0.0473 Mid: 0.0473 | 17 Open: 0.0473 Close: 0.0475 Mid: 0.0474 | 18 Open: 0.0475 Close: 0.0471 Mid: 0.0473 | 19 Open: 0.0471 Close: 0.0463 Mid: 0.0467 | 20 Open: 0.0463 Close: 0.0466 Mid: 0.0466 | 21 |
22 | 23 Open: 0.0466 Close: 0.0464 Mid: 0.0466 | 24 Open: 0.0464 Close: 0.0464 Mid: 0.0465 | 25 Open: 0.0464 Close: 0.0464 Mid: 0.0465 | 26 Open: 0.0464 Close: 0.0464 Mid: 0.0464 | 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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