Best Japanese Yen / East Caribbean Dollar Exchange Rate Today: 0.0172
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.0171, and the most competitive travel money / cash rates start at approximately 0.0170.
Live rate: 1 JPY = 0.0172 XCD (+0% )
Inverted: 1 XCD = 58.1395 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 | 0.0172 | 0 | 0.0170 | |||
 | 0.0171 (indicative) | 0 | 0.0171 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.0171 (indicative) | 0 | 0.0171 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.0172 | 32.4% | 0.0116 | 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. | |
 | 0.0170 | 0 | 0.0170 | 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  | 0.0167 (upper range) | Variable | 0.0167 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.0166 (lower range) | Variable | 0.0166 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.0164 | 0 | 0.0164 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0192 Close: 0.0192 Mid: 0.0192 | 2 Open: 0.0192 Close: 0.0190 Mid: 0.0191 | 3 Open: 0.0190 Close: 0.0189 Mid: 0.0189 | 4 Open: 0.0189 Close: 0.0187 Mid: 0.0188 | 5 Open: 0.0187 Close: 0.0187 Mid: 0.0187 | 6 | |
7 | 8 Open: 0.0187 Close: 0.0187 Mid: 0.0187 | 9 Open: 0.0187 Close: 0.0187 Mid: 0.0188 | 10 Open: 0.0187 Close: 0.0185 Mid: 0.0186 | 11 Open: 0.0185 Close: 0.0186 Mid: 0.0185 | 12 Open: 0.0186 Close: 0.0186 Mid: 0.0186 | 13 |
14 | 15 Open: 0.0186 Close: 0.0185 Mid: 0.0186 | 16 Open: 0.0185 Close: 0.0184 Mid: 0.0185 | 17 Open: 0.0184 Close: 0.0182 Mid: 0.0183 | 18 Open: 0.0182 Close: 0.0182 Mid: 0.0183 | 19 Open: 0.0182 Close: 0.0182 Mid: 0.0183 | 20 |
21 | 22 Open: 0.0182 Close: 0.0182 Mid: 0.0183 | 23 Open: 0.0182 Close: 0.0182 Mid: 0.0182 | 24 Open: 0.0182 Close: 0.0183 Mid: 0.0183 | 25 Open: 0.0183 Close: 0.0183 Mid: 0.0183 | 26 Open: 0.0183 Close: 0.0182 Mid: 0.0183 | 27 |
28 | 29 Open: 0.0182 Close: 0.0183 Mid: 0.0183 | 30 Open: 0.0183 Close: 0.0183 Mid: 0.0183 | 31 Open: 0.0183 Close: 0.0184 Mid: 0.0184 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0184 Close: 0.0185 Mid: 0.0185 | 2 Open: 0.0185 Close: 0.0182 Mid: 0.0184 | 3 | ||||
4 | 5 Open: 0.0182 Close: 0.0182 Mid: 0.0182 | 6 Open: 0.0182 Close: 0.0183 Mid: 0.0182 | 7 Open: 0.0183 Close: 0.0182 Mid: 0.0183 | 8 Open: 0.0182 Close: 0.0181 Mid: 0.0182 | 9 Open: 0.0181 Close: 0.0181 Mid: 0.0181 | 10 |
11 | 12 Open: 0.0181 Close: 0.0181 Mid: 0.0181 | 13 Open: 0.0181 Close: 0.0179 Mid: 0.0180 | 14 Open: 0.0179 Close: 0.0179 Mid: 0.0180 | 15 Open: 0.0179 Close: 0.0180 Mid: 0.0180 | 16 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 17 |
18 | 19 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 20 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 21 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 22 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 23 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 24 |
25 | 26 Open: 0.0180 Close: 0.0179 Mid: 0.0180 | 27 Open: 0.0179 Close: 0.0180 Mid: 0.0180 | 28 Open: 0.0180 Close: 0.0179 Mid: 0.0180 | 29 Open: 0.0179 Close: 0.0180 Mid: 0.0180 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 2 | |||||
3 | 4 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 5 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 6 Open: 0.0180 Close: 0.0181 Mid: 0.0181 | 7 Open: 0.0181 Close: 0.0183 Mid: 0.0183 | 8 Open: 0.0183 Close: 0.0184 Mid: 0.0184 | 9 |
10 | 11 Open: 0.0184 Close: 0.0184 Mid: 0.0184 | 12 Open: 0.0184 Close: 0.0183 Mid: 0.0183 | 13 Open: 0.0183 Close: 0.0183 Mid: 0.0183 | 14 Open: 0.0183 Close: 0.0182 Mid: 0.0183 | 15 Open: 0.0182 Close: 0.0181 Mid: 0.0182 | 16 |
17 | 18 Open: 0.0181 Close: 0.0181 Mid: 0.0181 | 19 Open: 0.0181 Close: 0.0179 Mid: 0.0180 | 20 Open: 0.0179 Close: 0.0179 Mid: 0.0179 | 21 Open: 0.0179 Close: 0.0178 Mid: 0.0179 | 22 Open: 0.0178 Close: 0.0178 Mid: 0.0179 | 23 |
24 | 25 Open: 0.0178 Close: 0.0178 Mid: 0.0179 | 26 Open: 0.0178 Close: 0.0178 Mid: 0.0179 | 27 Open: 0.0178 Close: 0.0179 Mid: 0.0179 | 28 Open: 0.0179 Close: 0.0179 Mid: 0.0179 | 29 Open: 0.0179 Close: 0.0179 Mid: 0.0179 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0178 Close: 0.0178 Mid: 0.0179 | 2 Open: 0.0178 Close: 0.0178 Mid: 0.0178 | 3 Open: 0.0178 Close: 0.0178 Mid: 0.0178 | 4 Open: 0.0178 Close: 0.0179 Mid: 0.0179 | 5 Open: 0.0179 Close: 0.0178 Mid: 0.0178 | 6 | |
7 | 8 Open: 0.0178 Close: 0.0178 Mid: 0.0178 | 9 Open: 0.0178 Close: 0.0178 Mid: 0.0178 | 10 Open: 0.0178 Close: 0.0176 Mid: 0.0178 | 11 Open: 0.0176 Close: 0.0176 Mid: 0.0177 | 12 Open: 0.0176 Close: 0.0176 Mid: 0.0177 | 13 |
14 | 15 Open: 0.0176 Close: 0.0175 Mid: 0.0176 | 16 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 17 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 18 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 19 Open: 0.0175 Close: 0.0175 Mid: 0.0176 | 20 |
21 | 22 Open: 0.0174 Close: 0.0175 Mid: 0.0175 | 23 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 24 Open: 0.0175 Close: 0.0174 Mid: 0.0175 | 25 Open: 0.0174 Close: 0.0174 Mid: 0.0174 | 26 Open: 0.0174 Close: 0.0171 Mid: 0.0173 | 27 |
28 | 29 Open: 0.0172 Close: 0.0173 Mid: 0.0172 | 30 Open: 0.0173 Close: 0.0171 Mid: 0.0172 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0171 Close: 0.0175 Mid: 0.0174 | 2 Open: 0.0175 Close: 0.0176 Mid: 0.0175 | 3 Open: 0.0176 Close: 0.0177 Mid: 0.0177 | 4 | |||
5 | 6 Open: 0.0177 Close: 0.0176 Mid: 0.0177 | 7 Open: 0.0176 Close: 0.0175 Mid: 0.0175 | 8 Open: 0.0175 Close: 0.0174 Mid: 0.0174 | 9 Open: 0.0174 Close: 0.0174 Mid: 0.0174 | 10 Open: 0.0174 Close: 0.0173 Mid: 0.0174 | 11 |
12 | 13 Open: 0.0174 Close: 0.0173 Mid: 0.0174 | 14 Open: 0.0173 Close: 0.0173 Mid: 0.0173 | 15 Open: 0.0173 Close: 0.0174 Mid: 0.0174 | 16 Open: 0.0174 Close: 0.0174 Mid: 0.0175 | 17 Open: 0.0174 Close: 0.0174 Mid: 0.0174 | 18 |
19 | 20 Open: 0.0173 Close: 0.0173 Mid: 0.0174 | 21 Open: 0.0173 Close: 0.0173 Mid: 0.0173 | 22 Open: 0.0173 Close: 0.0172 Mid: 0.0173 | 23 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 24 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 25 |
26 | 27 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 28 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 29 Open: 0.0172 Close: 0.0171 Mid: 0.0172 | 30 Open: 0.0171 Close: 0.0172 Mid: 0.0172 | 31 Open: 0.0172 Close: 0.0172 Mid: 0.0172 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.0172 Close: 0.0173 Mid: 0.0172 | 4 Open: 0.0173 Close: 0.0174 Mid: 0.0174 | 5 Open: 0.0174 Close: 0.0173 Mid: 0.0174 | 6 Open: 0.0173 Close: 0.0174 Mid: 0.0174 | 7 Open: 0.0174 Close: 0.0172 Mid: 0.0173 | 8 |
9 | 10 Open: 0.0173 Close: 0.0172 Mid: 0.0172 | 11 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 12 Open: 0.0172 Close: 0.0172 Mid: 0.0173 | 13 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 14 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 15 |
16 | 17 Open: 0.0172 Close: 0.0171 Mid: 0.0172 | 18 Open: 0.0171 Close: 0.0171 Mid: 0.0171 | 19 Open: 0.0171 Close: 0.0171 Mid: 0.0171 | 20 Open: 0.0171 Close: 0.0170 Mid: 0.0171 | 21 Open: 0.0170 Close: 0.0169 Mid: 0.0170 | 22 |
23 | 24 Open: 0.0169 Close: 0.0169 Mid: 0.0170 | 25 Open: 0.0169 Close: 0.0169 Mid: 0.0170 | 26 Open: 0.0169 Close: 0.0168 Mid: 0.0169 | 27 Open: 0.0168 Close: 0.0168 Mid: 0.0168 | 28 Open: 0.0168 Close: 0.0168 Mid: 0.0168 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0168 Close: 0.0167 Mid: 0.0168 | 2 Open: 0.0167 Close: 0.0167 Mid: 0.0167 | 3 Open: 0.0167 Close: 0.0167 Mid: 0.0167 | 4 Open: 0.0167 Close: 0.0168 Mid: 0.0168 | 5 Open: 0.0168 Close: 0.0168 Mid: 0.0168 | 6 | |
7 | 8 Open: 0.0168 Close: 0.0168 Mid: 0.0168 | 9 Open: 0.0168 Close: 0.0168 Mid: 0.0168 | 10 Open: 0.0168 Close: 0.0167 Mid: 0.0168 | 11 Open: 0.0167 Close: 0.0170 Mid: 0.0169 | 12 Open: 0.0170 Close: 0.0171 Mid: 0.0171 | 13 |
14 | 15 Open: 0.0171 Close: 0.0171 Mid: 0.0172 | 16 Open: 0.0171 Close: 0.0171 Mid: 0.0171 | 17 Open: 0.0171 Close: 0.0173 Mid: 0.0172 | 18 Open: 0.0173 Close: 0.0172 Mid: 0.0173 | 19 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 20 |
21 | 22 Open: 0.0172 Close: 0.0172 Mid: 0.0173 | 23 Open: 0.0172 Close: 0.0174 Mid: 0.0173 | 24 Open: 0.0174 Close: 0.0176 Mid: 0.0175 | 25 Open: 0.0176 Close: 0.0176 Mid: 0.0176 | 26 Open: 0.0176 Close: 0.0176 Mid: 0.0176 | 27 |
28 | 29 Open: 0.0176 Close: 0.0175 Mid: 0.0176 | 30 Open: 0.0175 Close: 0.0177 Mid: 0.0176 | 31 Open: 0.0177 Close: 0.0180 Mid: 0.0178 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0180 Close: 0.0181 Mid: 0.0181 | 2 Open: 0.0181 Close: 0.0184 Mid: 0.0183 | 3 | ||||
4 | 5 Open: 0.0184 Close: 0.0187 Mid: 0.0188 | 6 Open: 0.0187 Close: 0.0187 Mid: 0.0186 | 7 Open: 0.0187 Close: 0.0184 Mid: 0.0185 | 8 Open: 0.0184 Close: 0.0183 Mid: 0.0185 | 9 Open: 0.0184 Close: 0.0184 Mid: 0.0184 | 10 |
11 | 12 Open: 0.0184 Close: 0.0184 Mid: 0.0184 | 13 Open: 0.0184 Close: 0.0184 Mid: 0.0184 | 14 Open: 0.0184 Close: 0.0183 Mid: 0.0184 | 15 Open: 0.0183 Close: 0.0181 Mid: 0.0182 | 16 Open: 0.0181 Close: 0.0183 Mid: 0.0182 | 17 |
18 | 19 Open: 0.0183 Close: 0.0184 Mid: 0.0185 | 20 Open: 0.0184 Close: 0.0186 Mid: 0.0185 | 21 Open: 0.0186 Close: 0.0186 Mid: 0.0186 | 22 Open: 0.0186 Close: 0.0185 Mid: 0.0186 | 23 Open: 0.0185 Close: 0.0187 Mid: 0.0186 | 24 |
25 | 26 Open: 0.0187 Close: 0.0187 Mid: 0.0188 | 27 Open: 0.0187 Close: 0.0188 Mid: 0.0187 | 28 Open: 0.0188 Close: 0.0187 Mid: 0.0187 | 29 Open: 0.0187 Close: 0.0186 Mid: 0.0187 | 30 Open: 0.0186 Close: 0.0185 Mid: 0.0186 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0185 Close: 0.0184 Mid: 0.0185 | 3 Open: 0.0184 Close: 0.0186 Mid: 0.0185 | 4 Open: 0.0186 Close: 0.0188 Mid: 0.0187 | 5 Open: 0.0188 Close: 0.0188 Mid: 0.0189 | 6 Open: 0.0188 Close: 0.0190 Mid: 0.0190 | 7 |
8 | 9 Open: 0.0190 Close: 0.0189 Mid: 0.0189 | 10 Open: 0.0189 Close: 0.0190 Mid: 0.0189 | 11 Open: 0.0190 Close: 0.0190 Mid: 0.0191 | 12 Open: 0.0190 Close: 0.0191 Mid: 0.0190 | 13 Open: 0.0191 Close: 0.0192 Mid: 0.0192 | 14 |
15 | 16 Open: 0.0192 Close: 0.0192 Mid: 0.0193 | 17 Open: 0.0192 Close: 0.0190 Mid: 0.0192 | 18 Open: 0.0190 Close: 0.0190 Mid: 0.0191 | 19 Open: 0.0190 Close: 0.0189 Mid: 0.0190 | 20 Open: 0.0189 Close: 0.0188 Mid: 0.0189 | 21 |
22 | 23 Open: 0.0188 Close: 0.0188 Mid: 0.0188 | 24 Open: 0.0188 Close: 0.0189 Mid: 0.0188 | 25 Open: 0.0189 Close: 0.0187 Mid: 0.0188 | 26 Open: 0.0187 Close: 0.0187 Mid: 0.0187 | 27 Open: 0.0187 Close: 0.0190 Mid: 0.0188 | 28 |
29 | 30 Open: 0.0190 Close: 0.0188 Mid: 0.0190 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0188 Close: 0.0188 Mid: 0.0188 | 2 Open: 0.0188 Close: 0.0185 Mid: 0.0187 | 3 Open: 0.0185 Close: 0.0184 Mid: 0.0184 | 4 Open: 0.0184 Close: 0.0182 Mid: 0.0183 | 5 | ||
6 | 7 Open: 0.0182 Close: 0.0182 Mid: 0.0182 | 8 Open: 0.0182 Close: 0.0182 Mid: 0.0183 | 9 Open: 0.0182 Close: 0.0181 Mid: 0.0182 | 10 Open: 0.0181 Close: 0.0182 Mid: 0.0182 | 11 Open: 0.0182 Close: 0.0181 Mid: 0.0182 | 12 |
13 | 14 Open: 0.0181 Close: 0.0180 Mid: 0.0181 | 15 Open: 0.0180 Close: 0.0181 Mid: 0.0181 | 16 Open: 0.0181 Close: 0.0181 Mid: 0.0181 | 17 Open: 0.0181 Close: 0.0180 Mid: 0.0181 | 18 Open: 0.0180 Close: 0.0181 Mid: 0.0181 | 19 |
20 | 21 Open: 0.0180 Close: 0.0179 Mid: 0.0180 | 22 Open: 0.0179 Close: 0.0179 Mid: 0.0179 | 23 Open: 0.0179 Close: 0.0177 Mid: 0.0178 | 24 Open: 0.0177 Close: 0.0178 Mid: 0.0178 | 25 Open: 0.0178 Close: 0.0177 Mid: 0.0178 | 26 |
27 | 28 Open: 0.0177 Close: 0.0176 Mid: 0.0177 | 29 Open: 0.0176 Close: 0.0176 Mid: 0.0177 | 30 Open: 0.0176 Close: 0.0176 Mid: 0.0177 | 31 Open: 0.0176 Close: 0.0178 Mid: 0.0178 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0178 Close: 0.0177 Mid: 0.0178 | 2 | |||||
3 | 4 Open: 0.0178 Close: 0.0178 Mid: 0.0178 | 5 Open: 0.0178 Close: 0.0178 Mid: 0.0178 | 6 Open: 0.0178 Close: 0.0175 Mid: 0.0177 | 7 Open: 0.0175 Close: 0.0177 Mid: 0.0176 | 8 Open: 0.0177 Close: 0.0177 Mid: 0.0177 | 9 |
10 | 11 Open: 0.0177 Close: 0.0176 Mid: 0.0176 | 12 Open: 0.0176 Close: 0.0175 Mid: 0.0176 | 13 Open: 0.0175 Close: 0.0174 Mid: 0.0175 | 14 Open: 0.0174 Close: 0.0173 Mid: 0.0173 | 15 Open: 0.0173 Close: 0.0175 Mid: 0.0174 | 16 |
17 | 18 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 19 Open: 0.0175 Close: 0.0175 Mid: 0.0176 | 20 Open: 0.0175 Close: 0.0174 Mid: 0.0174 | 21 Open: 0.0174 Close: 0.0175 Mid: 0.0175 | 22 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 23 |
24 | 25 Open: 0.0175 Close: 0.0175 Mid: 0.0175 | 26 Open: 0.0175 Close: 0.0177 Mid: 0.0176 | 27 Open: 0.0177 Close: 0.0179 Mid: 0.0178 | 28 Open: 0.0179 Close: 0.0178 Mid: 0.0179 | 29 Open: 0.0178 Close: 0.0181 Mid: 0.0180 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0181 Close: 0.0181 Mid: 0.0181 | 3 Open: 0.0181 Close: 0.0181 Mid: 0.0181 | 4 Open: 0.0181 Close: 0.0179 Mid: 0.0180 | 5 Open: 0.0179 Close: 0.0180 Mid: 0.0180 | 6 Open: 0.0180 Close: 0.0180 Mid: 0.0180 | 7 |
8 | 9 Open: 0.0180 Close: 0.0179 Mid: 0.0180 | 10 Open: 0.0179 Close: 0.0178 Mid: 0.0179 | 11 Open: 0.0178 Close: 0.0177 Mid: 0.0178 | 12 Open: 0.0177 Close: 0.0177 Mid: 0.0177 | 13 Open: 0.0177 Close: 0.0176 Mid: 0.0177 | 14 |
15 | 16 Open: 0.0175 Close: 0.0175 Mid: 0.0176 | 17 Open: 0.0175 Close: 0.0176 Mid: 0.0176 | 18 Open: 0.0176 Close: 0.0175 Mid: 0.0176 | 19 Open: 0.0175 Close: 0.0172 Mid: 0.0173 | 20 Open: 0.0172 Close: 0.0173 Mid: 0.0173 | 21 |
22 | 23 Open: 0.0173 Close: 0.0172 Mid: 0.0173 | 24 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 25 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 26 Open: 0.0172 Close: 0.0172 Mid: 0.0172 | 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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