Best Japanese Yen / Icelandic Krona Exchange Rate Today: 1.3746
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 1.3705, and the most competitive travel money / cash rates start at approximately 1.3622.
Live rate: 1 JPY = 1.3746 ISK (-0.68% )
Inverted: 1 ISK = 0.7275 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 | 1.3746 | 0 | 1.3609 | |||
 | 1.3705 (indicative) | 0 | 1.3705 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 1.3650 (indicative) | 0 | 1.3650 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 1.3746 | 32.4% | 0.9292 | 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. | |
 | 1.3622 | 0 | 1.3622 | 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  | 1.3361 (upper range) | Variable | 1.3361 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 1.3265 (lower range) | Variable | 1.3265 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 1.3127 | 0 | 1.3127 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9595 Close: 0.9644 Mid: 0.9612 | 2 Open: 0.9651 Close: 0.9701 Mid: 0.9654 | 3 Open: 0.9701 Close: 0.9631 Mid: 0.9661 | 4 Open: 0.9628 Close: 0.9506 Mid: 0.9570 | 5 Open: 0.9509 Close: 0.9526 Mid: 0.9503 | 6 | |
7 | 8 Open: 0.9517 Close: 0.9542 Mid: 0.9541 | 9 Open: 0.9542 Close: 0.9516 Mid: 0.9549 | 10 Open: 0.9517 Close: 0.9372 Mid: 0.9448 | 11 Open: 0.9372 Close: 0.9416 Mid: 0.9387 | 12 Open: 0.9416 Close: 0.9432 Mid: 0.9430 | 13 |
14 | 15 Open: 0.9424 Close: 0.9352 Mid: 0.9396 | 16 Open: 0.9351 Close: 0.9327 Mid: 0.9338 | 17 Open: 0.9325 Close: 0.9280 Mid: 0.9298 | 18 Open: 0.9276 Close: 0.9281 Mid: 0.9286 | 19 Open: 0.9278 Close: 0.9224 Mid: 0.9236 | 20 |
21 | 22 Open: 0.9214 Close: 0.9212 Mid: 0.9211 | 23 Open: 0.9214 Close: 0.9210 Mid: 0.9227 | 24 Open: 0.9209 Close: 0.9212 Mid: 0.9223 | 25 Open: 0.9211 Close: 0.9246 Mid: 0.9231 | 26 Open: 0.9248 Close: 0.9236 Mid: 0.9248 | 27 |
28 | 29 Open: 0.9239 Close: 0.9296 Mid: 0.9274 | 30 Open: 0.9298 Close: 0.9264 Mid: 0.9290 | 31 Open: 0.9265 Close: 0.9319 Mid: 0.9302 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9318 Close: 0.9303 Mid: 0.9339 | 2 Open: 0.9304 Close: 0.9264 Mid: 0.9286 | 3 | ||||
4 | 5 Open: 0.9255 Close: 0.9274 Mid: 0.9267 | 6 Open: 0.9272 Close: 0.9309 Mid: 0.9287 | 7 Open: 0.9309 Close: 0.9290 Mid: 0.9307 | 8 Open: 0.9291 Close: 0.9241 Mid: 0.9293 | 9 Open: 0.9241 Close: 0.9215 Mid: 0.9199 | 10 |
11 | 12 Open: 0.9216 Close: 0.9213 Mid: 0.9225 | 13 Open: 0.9214 Close: 0.9207 Mid: 0.9212 | 14 Open: 0.9208 Close: 0.9205 Mid: 0.9215 | 15 Open: 0.9205 Close: 0.9218 Mid: 0.9218 | 16 Open: 0.9219 Close: 0.9189 Mid: 0.9198 | 17 |
18 | 19 Open: 0.9185 Close: 0.9189 Mid: 0.9197 | 20 Open: 0.9189 Close: 0.9160 Mid: 0.9163 | 21 Open: 0.9161 Close: 0.9162 Mid: 0.9158 | 22 Open: 0.9160 Close: 0.9127 Mid: 0.9133 | 23 Open: 0.9127 Close: 0.9154 Mid: 0.9118 | 24 |
25 | 26 Open: 0.9152 Close: 0.9150 Mid: 0.9142 | 27 Open: 0.9151 Close: 0.9148 Mid: 0.9155 | 28 Open: 0.9147 Close: 0.9141 Mid: 0.9155 | 29 Open: 0.9141 Close: 0.9225 Mid: 0.9189 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9226 Close: 0.9198 Mid: 0.9198 | 2 | |||||
3 | 4 Open: 0.9209 Close: 0.9148 Mid: 0.9173 | 5 Open: 0.9148 Close: 0.9152 Mid: 0.9154 | 6 Open: 0.9152 Close: 0.9145 Mid: 0.9155 | 7 Open: 0.9145 Close: 0.9174 Mid: 0.9191 | 8 Open: 0.9174 Close: 0.9256 Mid: 0.9241 | 9 |
10 | 11 Open: 0.9272 Close: 0.9274 Mid: 0.9271 | 12 Open: 0.9275 Close: 0.9204 Mid: 0.9237 | 13 Open: 0.9203 Close: 0.9181 Mid: 0.9194 | 14 Open: 0.9180 Close: 0.9199 Mid: 0.9174 | 15 Open: 0.9199 Close: 0.9164 Mid: 0.9201 | 16 |
17 | 18 Open: 0.9154 Close: 0.9181 Mid: 0.9166 | 19 Open: 0.9182 Close: 0.9084 Mid: 0.9129 | 20 Open: 0.9084 Close: 0.8990 Mid: 0.9036 | 21 Open: 0.8990 Close: 0.9019 Mid: 0.9008 | 22 Open: 0.9019 Close: 0.9104 Mid: 0.9053 | 23 |
24 | 25 Open: 0.9065 Close: 0.9087 Mid: 0.9104 | 26 Open: 0.9087 Close: 0.9108 Mid: 0.9097 | 27 Open: 0.9108 Close: 0.9182 Mid: 0.9151 | 28 Open: 0.9181 Close: 0.9206 Mid: 0.9198 | 29 Open: 0.9205 Close: 0.9205 Mid: 0.9212 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9192 Close: 0.9226 Mid: 0.9204 | 2 Open: 0.9226 Close: 0.9209 Mid: 0.9213 | 3 Open: 0.9209 Close: 0.9144 Mid: 0.9168 | 4 Open: 0.9145 Close: 0.9176 Mid: 0.9152 | 5 Open: 0.9176 Close: 0.9147 Mid: 0.9172 | 6 | |
7 | 8 Open: 0.9146 Close: 0.9116 Mid: 0.9139 | 9 Open: 0.9115 Close: 0.9146 Mid: 0.9122 | 10 Open: 0.9146 Close: 0.9134 Mid: 0.9150 | 11 Open: 0.9134 Close: 0.9155 Mid: 0.9151 | 12 Open: 0.9155 Close: 0.9237 Mid: 0.9211 | 13 |
14 | 15 Open: 0.9225 Close: 0.9181 Mid: 0.9209 | 16 Open: 0.9182 Close: 0.9173 Mid: 0.9175 | 17 Open: 0.9173 Close: 0.9122 Mid: 0.9160 | 18 Open: 0.9122 Close: 0.9135 Mid: 0.9141 | 19 Open: 0.9135 Close: 0.9133 Mid: 0.9149 | 20 |
21 | 22 Open: 0.9111 Close: 0.9113 Mid: 0.9125 | 23 Open: 0.9112 Close: 0.9071 Mid: 0.9093 | 24 Open: 0.9071 Close: 0.9031 Mid: 0.9055 | 25 Open: 0.9031 Close: 0.8987 Mid: 0.9013 | 26 Open: 0.8988 Close: 0.8877 Mid: 0.8944 | 27 |
28 | 29 Open: 0.8869 Close: 0.8966 Mid: 0.8927 | 30 Open: 0.8966 Close: 0.8907 Mid: 0.8938 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8907 Close: 0.9056 Mid: 0.9011 | 2 Open: 0.9056 Close: 0.9123 Mid: 0.9055 | 3 Open: 0.9123 Close: 0.9127 Mid: 0.9143 | 4 | |||
5 | 6 Open: 0.9122 Close: 0.9067 Mid: 0.9101 | 7 Open: 0.9067 Close: 0.9034 Mid: 0.9040 | 8 Open: 0.9034 Close: 0.8995 Mid: 0.8998 | 9 Open: 0.8996 Close: 0.8966 Mid: 0.8987 | 10 Open: 0.8965 Close: 0.8957 Mid: 0.8965 | 11 |
12 | 13 Open: 0.8965 Close: 0.8930 Mid: 0.8945 | 14 Open: 0.8930 Close: 0.8898 Mid: 0.8925 | 15 Open: 0.8898 Close: 0.8916 Mid: 0.8916 | 16 Open: 0.8916 Close: 0.8902 Mid: 0.8938 | 17 Open: 0.8901 Close: 0.8883 Mid: 0.8889 | 18 |
19 | 20 Open: 0.8882 Close: 0.8860 Mid: 0.8872 | 21 Open: 0.8860 Close: 0.8855 Mid: 0.8863 | 22 Open: 0.8855 Close: 0.8846 Mid: 0.8852 | 23 Open: 0.8846 Close: 0.8858 Mid: 0.8841 | 24 Open: 0.8858 Close: 0.8803 Mid: 0.8823 | 25 |
26 | 27 Open: 0.8800 Close: 0.8764 Mid: 0.8792 | 28 Open: 0.8765 Close: 0.8738 Mid: 0.8750 | 29 Open: 0.8738 Close: 0.8768 Mid: 0.8749 | 30 Open: 0.8768 Close: 0.8755 Mid: 0.8777 | 31 Open: 0.8755 Close: 0.8736 Mid: 0.8744 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.8737 Close: 0.8786 Mid: 0.8762 | 4 Open: 0.8786 Close: 0.8870 Mid: 0.8842 | 5 Open: 0.8869 Close: 0.8812 Mid: 0.8843 | 6 Open: 0.8811 Close: 0.8835 Mid: 0.8818 | 7 Open: 0.8835 Close: 0.8842 Mid: 0.8845 | 8 |
9 | 10 Open: 0.8847 Close: 0.8856 Mid: 0.8865 | 11 Open: 0.8855 Close: 0.8858 Mid: 0.8858 | 12 Open: 0.8859 Close: 0.8813 Mid: 0.8834 | 13 Open: 0.8813 Close: 0.8854 Mid: 0.8828 | 14 Open: 0.8854 Close: 0.8871 Mid: 0.8853 | 15 |
16 | 17 Open: 0.8868 Close: 0.8829 Mid: 0.8858 | 18 Open: 0.8829 Close: 0.8807 Mid: 0.8819 | 19 Open: 0.8807 Close: 0.8798 Mid: 0.8815 | 20 Open: 0.8799 Close: 0.8764 Mid: 0.8789 | 21 Open: 0.8764 Close: 0.8726 Mid: 0.8761 | 22 |
23 | 24 Open: 0.8730 Close: 0.8702 Mid: 0.8728 | 25 Open: 0.8702 Close: 0.8715 Mid: 0.8723 | 26 Open: 0.8715 Close: 0.8670 Mid: 0.8697 | 27 Open: 0.8670 Close: 0.8652 Mid: 0.8668 | 28 Open: 0.8653 Close: 0.8627 Mid: 0.8652 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8624 Close: 0.8597 Mid: 0.8603 | 2 Open: 0.8597 Close: 0.8595 Mid: 0.8605 | 3 Open: 0.8596 Close: 0.8548 Mid: 0.8572 | 4 Open: 0.8549 Close: 0.8563 Mid: 0.8566 | 5 Open: 0.8563 Close: 0.8582 Mid: 0.8580 | 6 | |
7 | 8 Open: 0.8599 Close: 0.8566 Mid: 0.8577 | 9 Open: 0.8565 Close: 0.8548 Mid: 0.8554 | 10 Open: 0.8548 Close: 0.8513 Mid: 0.8532 | 11 Open: 0.8513 Close: 0.8646 Mid: 0.8601 | 12 Open: 0.8646 Close: 0.8669 Mid: 0.8659 | 13 |
14 | 15 Open: 0.8679 Close: 0.8665 Mid: 0.8679 | 16 Open: 0.8664 Close: 0.8649 Mid: 0.8651 | 17 Open: 0.8650 Close: 0.8749 Mid: 0.8702 | 18 Open: 0.8749 Close: 0.8731 Mid: 0.8761 | 19 Open: 0.8730 Close: 0.8735 Mid: 0.8725 | 20 |
21 | 22 Open: 0.8736 Close: 0.8764 Mid: 0.8773 | 23 Open: 0.8764 Close: 0.8866 Mid: 0.8813 | 24 Open: 0.8866 Close: 0.8963 Mid: 0.8927 | 25 Open: 0.8963 Close: 0.8956 Mid: 0.9000 | 26 Open: 0.8956 Close: 0.8980 Mid: 0.8959 | 27 |
28 | 29 Open: 0.9002 Close: 0.8970 Mid: 0.8980 | 30 Open: 0.8970 Close: 0.9050 Mid: 0.8963 | 31 Open: 0.9049 Close: 0.9220 Mid: 0.9117 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9220 Close: 0.9301 Mid: 0.9254 | 2 Open: 0.9302 Close: 0.9414 Mid: 0.9360 | 3 | ||||
4 | 5 Open: 0.9410 Close: 0.9532 Mid: 0.9552 | 6 Open: 0.9532 Close: 0.9578 Mid: 0.9486 | 7 Open: 0.9578 Close: 0.9417 Mid: 0.9464 | 8 Open: 0.9417 Close: 0.9400 Mid: 0.9440 | 9 Open: 0.9400 Close: 0.9441 Mid: 0.9414 | 10 |
11 | 12 Open: 0.9418 Close: 0.9390 Mid: 0.9382 | 13 Open: 0.9390 Close: 0.9398 Mid: 0.9394 | 14 Open: 0.9398 Close: 0.9376 Mid: 0.9391 | 15 Open: 0.9376 Close: 0.9309 Mid: 0.9345 | 16 Open: 0.9309 Close: 0.9371 Mid: 0.9376 | 17 |
18 | 19 Open: 0.9380 Close: 0.9348 Mid: 0.9405 | 20 Open: 0.9347 Close: 0.9409 Mid: 0.9365 | 21 Open: 0.9410 Close: 0.9403 Mid: 0.9395 | 22 Open: 0.9403 Close: 0.9375 Mid: 0.9392 | 23 Open: 0.9374 Close: 0.9438 Mid: 0.9406 | 24 |
25 | 26 Open: 0.9432 Close: 0.9479 Mid: 0.9486 | 27 Open: 0.9478 Close: 0.9497 Mid: 0.9472 | 28 Open: 0.9497 Close: 0.9509 Mid: 0.9515 | 29 Open: 0.9509 Close: 0.9520 Mid: 0.9514 | 30 Open: 0.9520 Close: 0.9468 Mid: 0.9501 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.9456 Close: 0.9424 Mid: 0.9446 | 3 Open: 0.9425 Close: 0.9566 Mid: 0.9497 | 4 Open: 0.9566 Close: 0.9637 Mid: 0.9600 | 5 Open: 0.9637 Close: 0.9618 Mid: 0.9632 | 6 Open: 0.9619 Close: 0.9667 Mid: 0.9646 | 7 |
8 | 9 Open: 0.9660 Close: 0.9639 Mid: 0.9640 | 10 Open: 0.9639 Close: 0.9701 Mid: 0.9660 | 11 Open: 0.9702 Close: 0.9715 Mid: 0.9757 | 12 Open: 0.9715 Close: 0.9701 Mid: 0.9693 | 13 Open: 0.9700 Close: 0.9764 Mid: 0.9737 | 14 |
15 | 16 Open: 0.9750 Close: 0.9732 Mid: 0.9772 | 17 Open: 0.9732 Close: 0.9621 Mid: 0.9685 | 18 Open: 0.9622 Close: 0.9628 Mid: 0.9668 | 19 Open: 0.9628 Close: 0.9567 Mid: 0.9595 | 20 Open: 0.9567 Close: 0.9468 Mid: 0.9530 | 21 |
22 | 23 Open: 0.9473 Close: 0.9508 Mid: 0.9505 | 24 Open: 0.9508 Close: 0.9437 Mid: 0.9453 | 25 Open: 0.9437 Close: 0.9338 Mid: 0.9378 | 26 Open: 0.9338 Close: 0.9311 Mid: 0.9332 | 27 Open: 0.9311 Close: 0.9505 Mid: 0.9373 | 28 |
29 | 30 Open: 0.9510 Close: 0.9409 Mid: 0.9465 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9409 Close: 0.9431 Mid: 0.9408 | 2 Open: 0.9431 Close: 0.9241 Mid: 0.9343 | 3 Open: 0.9241 Close: 0.9212 Mid: 0.9211 | 4 Open: 0.9213 Close: 0.9122 Mid: 0.9191 | 5 | ||
6 | 7 Open: 0.9122 Close: 0.9131 Mid: 0.9127 | 8 Open: 0.9131 Close: 0.9139 Mid: 0.9148 | 9 Open: 0.9139 Close: 0.9091 Mid: 0.9126 | 10 Open: 0.9092 Close: 0.9151 Mid: 0.9126 | 11 Open: 0.9152 Close: 0.9167 Mid: 0.9151 | 12 |
13 | 14 Open: 0.9164 Close: 0.9139 Mid: 0.9150 | 15 Open: 0.9140 Close: 0.9186 Mid: 0.9170 | 16 Open: 0.9186 Close: 0.9199 Mid: 0.9190 | 17 Open: 0.9198 Close: 0.9174 Mid: 0.9189 | 18 Open: 0.9174 Close: 0.9186 Mid: 0.9177 | 19 |
20 | 21 Open: 0.9176 Close: 0.9139 Mid: 0.9168 | 22 Open: 0.9140 Close: 0.9152 Mid: 0.9147 | 23 Open: 0.9152 Close: 0.9055 Mid: 0.9092 | 24 Open: 0.9054 Close: 0.9044 Mid: 0.9067 | 25 Open: 0.9044 Close: 0.9067 Mid: 0.9062 | 26 |
27 | 28 Open: 0.9011 Close: 0.8982 Mid: 0.9004 | 29 Open: 0.8982 Close: 0.8950 Mid: 0.8994 | 30 Open: 0.8950 Close: 0.8916 Mid: 0.8945 | 31 Open: 0.8916 Close: 0.9000 Mid: 0.8992 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9000 Close: 0.8987 Mid: 0.8994 | 2 | |||||
3 | 4 Open: 0.9000 Close: 0.8999 Mid: 0.8992 | 5 Open: 0.8999 Close: 0.8985 Mid: 0.8991 | 6 Open: 0.8985 Close: 0.8939 Mid: 0.8979 | 7 Open: 0.8938 Close: 0.8976 Mid: 0.8957 | 8 Open: 0.8976 Close: 0.9089 Mid: 0.9034 | 9 |
10 | 11 Open: 0.9085 Close: 0.9030 Mid: 0.9053 | 12 Open: 0.9030 Close: 0.8977 Mid: 0.9002 | 13 Open: 0.8977 Close: 0.8969 Mid: 0.8984 | 14 Open: 0.8969 Close: 0.8855 Mid: 0.8912 | 15 Open: 0.8854 Close: 0.8919 Mid: 0.8883 | 16 |
17 | 18 Open: 0.8929 Close: 0.8814 Mid: 0.8869 | 19 Open: 0.8814 Close: 0.8879 Mid: 0.8909 | 20 Open: 0.8879 Close: 0.8877 Mid: 0.8866 | 21 Open: 0.8877 Close: 0.9026 Mid: 0.8954 | 22 Open: 0.9026 Close: 0.9024 Mid: 0.9053 | 23 |
24 | 25 Open: 0.9031 Close: 0.8963 Mid: 0.8981 | 26 Open: 0.8963 Close: 0.9035 Mid: 0.9008 | 27 Open: 0.9036 Close: 0.9062 Mid: 0.9063 | 28 Open: 0.9062 Close: 0.9059 Mid: 0.9067 | 29 Open: 0.9059 Close: 0.9175 Mid: 0.9133 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.9174 Close: 0.9277 Mid: 0.9248 | 3 Open: 0.9277 Close: 0.9268 Mid: 0.9277 | 4 Open: 0.9268 Close: 0.9187 Mid: 0.9224 | 5 Open: 0.9186 Close: 0.9157 Mid: 0.9181 | 6 Open: 0.9157 Close: 0.9189 Mid: 0.9168 | 7 |
8 | 9 Open: 0.9182 Close: 0.9143 Mid: 0.9175 | 10 Open: 0.9143 Close: 0.9121 Mid: 0.9137 | 11 Open: 0.9121 Close: 0.9117 Mid: 0.9145 | 12 Open: 0.9118 Close: 0.9145 Mid: 0.9118 | 13 Open: 0.9145 Close: 0.9029 Mid: 0.9089 | 14 |
15 | 16 Open: 0.9006 Close: 0.8954 Mid: 0.8990 | 17 Open: 0.8954 Close: 0.8986 Mid: 0.8972 | 18 Open: 0.8986 Close: 0.9028 Mid: 0.8993 | 19 Open: 0.9028 Close: 0.8858 Mid: 0.8911 | 20 Open: 0.8857 Close: 0.8894 Mid: 0.8886 | 21 |
22 | 23 Open: 0.8893 Close: 0.8871 Mid: 0.8890 | 24 Open: 0.8872 Close: 0.8879 Mid: 0.8880 | 25 Open: 0.8872 Close: 0.8879 Mid: 0.8880 | 26 Open: 0.8879 Close: 0.8865 Mid: 0.8872 | 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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