Best Japanese Yen / Hungarian Forint Exchange Rate Today: 2.5117
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 2.5042, and the most competitive travel money / cash rates start at approximately 2.4891.
Live rate: 1 JPY = 2.5117 HUF (-0.1114% )
Inverted: 1 HUF = 0.3981 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 | 2.5117 | 0 | 2.4866 | |||
 | 2.5042 (indicative) | 0 | 2.5042 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 2.4941 (indicative) | 0 | 2.4941 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 2.5117 | 17.9% | 2.0621 | 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. | |
 | 2.4891 | 0 | 2.4891 | 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  | 2.4414 (upper range) | Variable | 2.4414 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 2.4238 (lower range) | Variable | 2.4238 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 2.3987 | 0 | 2.3987 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4643 Close: 2.4643 Mid: 2.4643 | 2 Open: 2.4621 Close: 2.4591 Mid: 2.4539 | 3 Open: 2.4585 Close: 2.4290 Mid: 2.4390 | 4 Open: 2.4289 Close: 2.3929 Mid: 2.4115 | 5 Open: 2.3935 Close: 2.3883 Mid: 2.3868 | 6 | |
7 | 8 Open: 2.3861 Close: 2.3904 Mid: 2.3892 | 9 Open: 2.3898 Close: 2.3998 Mid: 2.4003 | 10 Open: 2.4004 Close: 2.3642 Mid: 2.3833 | 11 Open: 2.3642 Close: 2.3775 Mid: 2.3709 | 12 Open: 2.3775 Close: 2.3892 Mid: 2.3856 | 13 |
14 | 15 Open: 2.3880 Close: 2.3734 Mid: 2.3817 | 16 Open: 2.3735 Close: 2.3702 Mid: 2.3756 | 17 Open: 2.3704 Close: 2.3595 Mid: 2.3685 | 18 Open: 2.3598 Close: 2.3750 Mid: 2.3684 | 19 Open: 2.3734 Close: 2.3668 Mid: 2.3698 | 20 |
21 | 22 Open: 2.3657 Close: 2.3781 Mid: 2.3748 | 23 Open: 2.3795 Close: 2.3984 Mid: 2.3886 | 24 Open: 2.3985 Close: 2.4140 Mid: 2.4055 | 25 Open: 2.4127 Close: 2.4039 Mid: 2.4060 | 26 Open: 2.4040 Close: 2.4093 Mid: 2.4099 | 27 |
28 | 29 Open: 2.4098 Close: 2.4364 Mid: 2.4280 | 30 Open: 2.4368 Close: 2.4139 Mid: 2.4299 | 31 Open: 2.4139 Close: 2.4126 Mid: 2.4156 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4131 Close: 2.4051 Mid: 2.4174 | 2 Open: 2.4036 Close: 2.3982 Mid: 2.4026 | 3 | ||||
4 | 5 Open: 2.3986 Close: 2.4212 Mid: 2.4105 | 6 Open: 2.4203 Close: 2.4274 Mid: 2.4227 | 7 Open: 2.4272 Close: 2.4322 Mid: 2.4324 | 8 Open: 2.4322 Close: 2.4133 Mid: 2.4209 | 9 Open: 2.4146 Close: 2.4039 Mid: 2.4117 | 10 |
11 | 12 Open: 2.4093 Close: 2.4046 Mid: 2.4087 | 13 Open: 2.4046 Close: 2.3967 Mid: 2.4028 | 14 Open: 2.3972 Close: 2.4059 Mid: 2.4064 | 15 Open: 2.4059 Close: 2.4082 Mid: 2.4087 | 16 Open: 2.4085 Close: 2.4050 Mid: 2.4063 | 17 |
18 | 19 Open: 2.4005 Close: 2.4024 Mid: 2.4053 | 20 Open: 2.4024 Close: 2.3917 Mid: 2.3962 | 21 Open: 2.3914 Close: 2.3821 Mid: 2.3880 | 22 Open: 2.3817 Close: 2.3804 Mid: 2.3776 | 23 Open: 2.3806 Close: 2.3876 Mid: 2.3829 | 24 |
25 | 26 Open: 2.3882 Close: 2.3804 Mid: 2.3865 | 27 Open: 2.3806 Close: 2.3945 Mid: 2.3895 | 28 Open: 2.3946 Close: 2.4082 Mid: 2.4062 | 29 Open: 2.4087 Close: 2.4221 Mid: 2.4183 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4221 Close: 2.4227 Mid: 2.4202 | 2 | |||||
3 | 4 Open: 2.4249 Close: 2.4223 Mid: 2.4228 | 5 Open: 2.4224 Close: 2.4170 Mid: 2.4223 | 6 Open: 2.4171 Close: 2.4201 Mid: 2.4165 | 7 Open: 2.4200 Close: 2.4390 Mid: 2.4410 | 8 Open: 2.4389 Close: 2.4502 Mid: 2.4462 | 9 |
10 | 11 Open: 2.4541 Close: 2.4574 Mid: 2.4571 | 12 Open: 2.4579 Close: 2.4731 Mid: 2.4662 | 13 Open: 2.4731 Close: 2.4486 Mid: 2.4603 | 14 Open: 2.4486 Close: 2.4514 Mid: 2.4495 | 15 Open: 2.4514 Close: 2.4200 Mid: 2.4375 | 16 |
17 | 18 Open: 2.4207 Close: 2.4354 Mid: 2.4267 | 19 Open: 2.4354 Close: 2.4068 Mid: 2.4208 | 20 Open: 2.4068 Close: 2.3823 Mid: 2.3981 | 21 Open: 2.3823 Close: 2.3980 Mid: 2.3906 | 22 Open: 2.3980 Close: 2.4290 Mid: 2.4133 | 23 |
24 | 25 Open: 2.4150 Close: 2.4198 Mid: 2.4234 | 26 Open: 2.4199 Close: 2.4092 Mid: 2.4108 | 27 Open: 2.4092 Close: 2.4111 Mid: 2.4127 | 28 Open: 2.4111 Close: 2.4129 Mid: 2.4184 | 29 Open: 2.4129 Close: 2.4106 Mid: 2.4123 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4144 Close: 2.4251 Mid: 2.4174 | 2 Open: 2.4251 Close: 2.4190 Mid: 2.4240 | 3 Open: 2.4190 Close: 2.3885 Mid: 2.4026 | 4 Open: 2.3884 Close: 2.3906 Mid: 2.3858 | 5 Open: 2.3906 Close: 2.3750 Mid: 2.3810 | 6 | |
7 | 8 Open: 2.3703 Close: 2.3650 Mid: 2.3702 | 9 Open: 2.3645 Close: 2.3695 Mid: 2.3624 | 10 Open: 2.3695 Close: 2.3771 Mid: 2.3746 | 11 Open: 2.3771 Close: 2.3700 Mid: 2.3748 | 12 Open: 2.3701 Close: 2.4080 Mid: 2.3962 | 13 |
14 | 15 Open: 2.4016 Close: 2.4041 Mid: 2.4024 | 16 Open: 2.4035 Close: 2.4057 Mid: 2.4050 | 17 Open: 2.4057 Close: 2.3858 Mid: 2.3973 | 18 Open: 2.3858 Close: 2.3955 Mid: 2.3886 | 19 Open: 2.3955 Close: 2.3921 Mid: 2.4019 | 20 |
21 | 22 Open: 2.3884 Close: 2.3906 Mid: 2.3924 | 23 Open: 2.3906 Close: 2.3725 Mid: 2.3827 | 24 Open: 2.3725 Close: 2.3706 Mid: 2.3725 | 25 Open: 2.3706 Close: 2.3519 Mid: 2.3634 | 26 Open: 2.3519 Close: 2.3167 Mid: 2.3390 | 27 |
28 | 29 Open: 2.3146 Close: 2.3345 Mid: 2.3265 | 30 Open: 2.3345 Close: 2.3244 Mid: 2.3268 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.3244 Close: 2.3571 Mid: 2.3478 | 2 Open: 2.3572 Close: 2.3635 Mid: 2.3512 | 3 Open: 2.3635 Close: 2.3663 Mid: 2.3676 | 4 | |||
5 | 6 Open: 2.3643 Close: 2.3439 Mid: 2.3562 | 7 Open: 2.3440 Close: 2.3396 Mid: 2.3406 | 8 Open: 2.3396 Close: 2.3254 Mid: 2.3306 | 9 Open: 2.3254 Close: 2.3147 Mid: 2.3214 | 10 Open: 2.3146 Close: 2.3110 Mid: 2.3126 | 11 |
12 | 13 Open: 2.3123 Close: 2.2962 Mid: 2.3037 | 14 Open: 2.2962 Close: 2.2796 Mid: 2.2898 | 15 Open: 2.2796 Close: 2.2878 Mid: 2.2871 | 16 Open: 2.2877 Close: 2.2908 Mid: 2.2969 | 17 Open: 2.2908 Close: 2.2881 Mid: 2.2891 | 18 |
19 | 20 Open: 2.2863 Close: 2.2750 Mid: 2.2809 | 21 Open: 2.2750 Close: 2.2743 Mid: 2.2723 | 22 Open: 2.2743 Close: 2.2814 Mid: 2.2791 | 23 Open: 2.2814 Close: 2.2751 Mid: 2.2789 | 24 Open: 2.2752 Close: 2.2555 Mid: 2.2661 | 25 |
26 | 27 Open: 2.2568 Close: 2.2584 Mid: 2.2590 | 28 Open: 2.2584 Close: 2.2535 Mid: 2.2515 | 29 Open: 2.2536 Close: 2.2802 Mid: 2.2662 | 30 Open: 2.2801 Close: 2.2922 Mid: 2.2907 | 31 Open: 2.2926 Close: 2.2823 Mid: 2.2847 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 2.2831 Close: 2.2927 Mid: 2.2937 | 4 Open: 2.2927 Close: 2.3332 Mid: 2.3143 | 5 Open: 2.3332 Close: 2.3025 Mid: 2.3159 | 6 Open: 2.3025 Close: 2.2992 Mid: 2.3015 | 7 Open: 2.2992 Close: 2.3102 Mid: 2.3053 | 8 |
9 | 10 Open: 2.3131 Close: 2.3240 Mid: 2.3251 | 11 Open: 2.3240 Close: 2.3413 Mid: 2.3328 | 12 Open: 2.3413 Close: 2.3317 Mid: 2.3340 | 13 Open: 2.3317 Close: 2.3531 Mid: 2.3395 | 14 Open: 2.3531 Close: 2.3649 Mid: 2.3589 | 15 |
16 | 17 Open: 2.3633 Close: 2.3368 Mid: 2.3535 | 18 Open: 2.3368 Close: 2.3274 Mid: 2.3342 | 19 Open: 2.3274 Close: 2.3296 Mid: 2.3313 | 20 Open: 2.3301 Close: 2.3335 Mid: 2.3351 | 21 Open: 2.3335 Close: 2.3209 Mid: 2.3340 | 22 |
23 | 24 Open: 2.3260 Close: 2.3062 Mid: 2.3156 | 25 Open: 2.3062 Close: 2.3135 Mid: 2.3123 | 26 Open: 2.3135 Close: 2.3098 Mid: 2.3150 | 27 Open: 2.3098 Close: 2.3040 Mid: 2.3119 | 28 Open: 2.3040 Close: 2.2920 Mid: 2.2999 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.2890 Close: 2.2755 Mid: 2.2771 | 2 Open: 2.2755 Close: 2.2760 Mid: 2.2814 | 3 Open: 2.2760 Close: 2.2621 Mid: 2.2693 | 4 Open: 2.2621 Close: 2.2545 Mid: 2.2622 | 5 Open: 2.2545 Close: 2.2519 Mid: 2.2548 | 6 | |
7 | 8 Open: 2.2615 Close: 2.2668 Mid: 2.2609 | 9 Open: 2.2660 Close: 2.2583 Mid: 2.2655 | 10 Open: 2.2583 Close: 2.2473 Mid: 2.2486 | 11 Open: 2.2473 Close: 2.2817 Mid: 2.2684 | 12 Open: 2.2818 Close: 2.2761 Mid: 2.2785 | 13 |
14 | 15 Open: 2.2818 Close: 2.2725 Mid: 2.2781 | 16 Open: 2.2725 Close: 2.2717 Mid: 2.2709 | 17 Open: 2.2712 Close: 2.2882 Mid: 2.2814 | 18 Open: 2.2883 Close: 2.2789 Mid: 2.2856 | 19 Open: 2.2789 Close: 2.2800 Mid: 2.2784 | 20 |
21 | 22 Open: 2.2791 Close: 2.2774 Mid: 2.2845 | 23 Open: 2.2774 Close: 2.3106 Mid: 2.2986 | 24 Open: 2.3111 Close: 2.3579 Mid: 2.3371 | 25 Open: 2.3579 Close: 2.3507 Mid: 2.3676 | 26 Open: 2.3507 Close: 2.3451 Mid: 2.3410 | 27 |
28 | 29 Open: 2.3435 Close: 2.3584 Mid: 2.3516 | 30 Open: 2.3584 Close: 2.3924 Mid: 2.3661 | 31 Open: 2.3924 Close: 2.4272 Mid: 2.4049 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4272 Close: 2.4588 Mid: 2.4442 | 2 Open: 2.4587 Close: 2.4868 Mid: 2.4704 | 3 | ||||
4 | 5 Open: 2.4801 Close: 2.5134 Mid: 2.5235 | 6 Open: 2.5134 Close: 2.5219 Mid: 2.5017 | 7 Open: 2.5220 Close: 2.4836 Mid: 2.4963 | 8 Open: 2.4836 Close: 2.4649 Mid: 2.4789 | 9 Open: 2.4644 Close: 2.4633 Mid: 2.4642 | 10 |
11 | 12 Open: 2.4630 Close: 2.4497 Mid: 2.4453 | 13 Open: 2.4496 Close: 2.4371 Mid: 2.4426 | 14 Open: 2.4371 Close: 2.4351 Mid: 2.4352 | 15 Open: 2.4350 Close: 2.4152 Mid: 2.4257 | 16 Open: 2.4151 Close: 2.4252 Mid: 2.4269 | 17 |
18 | 19 Open: 2.4251 Close: 2.4265 Mid: 2.4346 | 20 Open: 2.4265 Close: 2.4337 Mid: 2.4272 | 21 Open: 2.4337 Close: 2.4237 Mid: 2.4216 | 22 Open: 2.4237 Close: 2.4215 Mid: 2.4245 | 23 Open: 2.4215 Close: 2.4360 Mid: 2.4296 | 24 |
25 | 26 Open: 2.4325 Close: 2.4445 Mid: 2.4494 | 27 Open: 2.4445 Close: 2.4415 Mid: 2.4395 | 28 Open: 2.4415 Close: 2.4464 Mid: 2.4455 | 29 Open: 2.4464 Close: 2.4455 Mid: 2.4455 | 30 Open: 2.4455 Close: 2.4332 Mid: 2.4397 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 2.4302 Close: 2.4141 Mid: 2.4238 | 3 Open: 2.4142 Close: 2.4536 Mid: 2.4337 | 4 Open: 2.4531 Close: 2.4689 Mid: 2.4598 | 5 Open: 2.4690 Close: 2.4674 Mid: 2.4663 | 6 Open: 2.4674 Close: 2.4957 Mid: 2.4884 | 7 |
8 | 9 Open: 2.4959 Close: 2.5115 Mid: 2.5011 | 10 Open: 2.5115 Close: 2.5293 Mid: 2.5181 | 11 Open: 2.5288 Close: 2.5269 Mid: 2.5400 | 12 Open: 2.5269 Close: 2.5183 Mid: 2.5208 | 13 Open: 2.5183 Close: 2.5310 Mid: 2.5272 | 14 |
15 | 16 Open: 2.5285 Close: 2.5188 Mid: 2.5290 | 17 Open: 2.5193 Close: 2.4928 Mid: 2.5098 | 18 Open: 2.4928 Close: 2.4926 Mid: 2.5040 | 19 Open: 2.4926 Close: 2.4760 Mid: 2.4842 | 20 Open: 2.4760 Close: 2.4468 Mid: 2.4646 | 21 |
22 | 23 Open: 2.4476 Close: 2.4743 Mid: 2.4646 | 24 Open: 2.4743 Close: 2.4625 Mid: 2.4640 | 25 Open: 2.4626 Close: 2.4531 Mid: 2.4552 | 26 Open: 2.4531 Close: 2.4483 Mid: 2.4515 | 27 Open: 2.4482 Close: 2.4999 Mid: 2.4654 | 28 |
29 | 30 Open: 2.5017 Close: 2.4835 Mid: 2.4948 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4835 Close: 2.5051 Mid: 2.4919 | 2 Open: 2.5051 Close: 2.4737 Mid: 2.4905 | 3 Open: 2.4737 Close: 2.4776 Mid: 2.4680 | 4 Open: 2.4776 Close: 2.4590 Mid: 2.4738 | 5 | ||
6 | 7 Open: 2.4579 Close: 2.4717 Mid: 2.4656 | 8 Open: 2.4717 Close: 2.4551 Mid: 2.4663 | 9 Open: 2.4546 Close: 2.4430 Mid: 2.4513 | 10 Open: 2.4430 Close: 2.4681 Mid: 2.4578 | 11 Open: 2.4681 Close: 2.4606 Mid: 2.4634 | 12 |
13 | 14 Open: 2.4629 Close: 2.4533 Mid: 2.4550 | 15 Open: 2.4533 Close: 2.4626 Mid: 2.4602 | 16 Open: 2.4626 Close: 2.4684 Mid: 2.4635 | 17 Open: 2.4684 Close: 2.4599 Mid: 2.4660 | 18 Open: 2.4599 Close: 2.4622 Mid: 2.4616 | 19 |
20 | 21 Open: 2.4634 Close: 2.4608 Mid: 2.4666 | 22 Open: 2.4608 Close: 2.4538 Mid: 2.4559 | 23 Open: 2.4539 Close: 2.4465 Mid: 2.4485 | 24 Open: 2.4460 Close: 2.4511 Mid: 2.4542 | 25 Open: 2.4511 Close: 2.4587 Mid: 2.4565 | 26 |
27 | 28 Open: 2.4432 Close: 2.4392 Mid: 2.4439 | 29 Open: 2.4387 Close: 2.4428 Mid: 2.4462 | 30 Open: 2.4423 Close: 2.4468 Mid: 2.4523 | 31 Open: 2.4468 Close: 2.4670 Mid: 2.4673 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.4670 Close: 2.4641 Mid: 2.4635 | 2 | |||||
3 | 4 Open: 2.4648 Close: 2.4660 Mid: 2.4635 | 5 Open: 2.4660 Close: 2.4688 Mid: 2.4677 | 6 Open: 2.4683 Close: 2.4698 Mid: 2.4739 | 7 Open: 2.4698 Close: 2.4489 Mid: 2.4589 | 8 Open: 2.4489 Close: 2.4873 Mid: 2.4707 | 9 |
10 | 11 Open: 2.4877 Close: 2.5054 Mid: 2.4950 | 12 Open: 2.5054 Close: 2.5008 Mid: 2.5064 | 13 Open: 2.5008 Close: 2.4836 Mid: 2.4908 | 14 Open: 2.4836 Close: 2.4704 Mid: 2.4782 | 15 Open: 2.4704 Close: 2.5091 Mid: 2.4852 | 16 |
17 | 18 Open: 2.5162 Close: 2.4793 Mid: 2.5001 | 19 Open: 2.4793 Close: 2.4911 Mid: 2.4988 | 20 Open: 2.4911 Close: 2.5007 Mid: 2.4881 | 21 Open: 2.5006 Close: 2.5396 Mid: 2.5214 | 22 Open: 2.5396 Close: 2.5521 Mid: 2.5527 | 23 |
24 | 25 Open: 2.5486 Close: 2.5301 Mid: 2.5398 | 26 Open: 2.5301 Close: 2.5557 Mid: 2.5482 | 27 Open: 2.5558 Close: 2.5866 Mid: 2.5728 | 28 Open: 2.5866 Close: 2.5833 Mid: 2.5868 | 29 Open: 2.5833 Close: 2.6066 Mid: 2.5991 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 2.6101 Close: 2.6391 Mid: 2.6311 | 3 Open: 2.6391 Close: 2.6363 Mid: 2.6385 | 4 Open: 2.6363 Close: 2.6118 Mid: 2.6255 | 5 Open: 2.6118 Close: 2.5989 Mid: 2.6049 | 6 Open: 2.5989 Close: 2.6096 Mid: 2.6035 | 7 |
8 | 9 Open: 2.6114 Close: 2.5809 Mid: 2.5947 | 10 Open: 2.5809 Close: 2.5638 Mid: 2.5731 | 11 Open: 2.5639 Close: 2.5611 Mid: 2.5696 | 12 Open: 2.5611 Close: 2.5630 Mid: 2.5594 | 13 Open: 2.5630 Close: 2.5328 Mid: 2.5480 | 14 |
15 | 16 Open: 2.5347 Close: 2.5230 Mid: 2.5281 | 17 Open: 2.5230 Close: 2.5420 Mid: 2.5333 | 18 Open: 2.5421 Close: 2.5784 Mid: 2.5570 | 19 Open: 2.5785 Close: 2.5420 Mid: 2.5578 | 20 Open: 2.5419 Close: 2.5376 Mid: 2.5376 | 21 |
22 | 23 Open: 2.5359 Close: 2.5213 Mid: 2.5336 | 24 Open: 2.5214 Close: 2.5145 Mid: 2.5162 | 25 Open: 2.5214 Close: 2.5145 Mid: 2.5162 | 26 Open: 2.5163 Close: 2.5093 Mid: 2.5161 | 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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