Best Japanese Yen / Israeli Sheqel Exchange Rate Today: 0.0232
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.0231, and the most competitive travel money / cash rates start at approximately 0.0230.
Live rate: 1 JPY = 0.0232 ILS (+0.09% )
Inverted: 1 ILS = 43.1034 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 | 0.0232 | 0 | 0.0230 | |||
 | 0.0231 (indicative) | 0 | 0.0231 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.0230 (indicative) | 0 | 0.0230 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.0232 | 46.4% | 0.0124 | 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. | |
 | 0.0230 | 0 | 0.0230 | 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  | 0.0226 (upper range) | Variable | 0.0226 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.0224 (lower range) | Variable | 0.0224 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.0222 | 0 | 0.0222 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0256 Close: 0.0256 Mid: 0.0256 | 2 Open: 0.0256 Close: 0.0256 Mid: 0.0257 | 3 Open: 0.0256 Close: 0.0255 Mid: 0.0256 | 4 Open: 0.0255 Close: 0.0253 Mid: 0.0254 | 5 Open: 0.0253 Close: 0.0254 Mid: 0.0254 | 6 | |
7 | 8 Open: 0.0254 Close: 0.0257 Mid: 0.0256 | 9 Open: 0.0257 Close: 0.0258 Mid: 0.0258 | 10 Open: 0.0258 Close: 0.0257 Mid: 0.0258 | 11 Open: 0.0257 Close: 0.0258 Mid: 0.0258 | 12 Open: 0.0258 Close: 0.0257 Mid: 0.0258 | 13 |
14 | 15 Open: 0.0257 Close: 0.0257 Mid: 0.0258 | 16 Open: 0.0257 Close: 0.0256 Mid: 0.0257 | 17 Open: 0.0256 Close: 0.0256 Mid: 0.0256 | 18 Open: 0.0256 Close: 0.0254 Mid: 0.0255 | 19 Open: 0.0254 Close: 0.0253 Mid: 0.0253 | 20 |
21 | 22 Open: 0.0252 Close: 0.0254 Mid: 0.0254 | 23 Open: 0.0254 Close: 0.0253 Mid: 0.0254 | 24 Open: 0.0253 Close: 0.0251 Mid: 0.0253 | 25 Open: 0.0251 Close: 0.0250 Mid: 0.0251 | 26 Open: 0.0250 Close: 0.0249 Mid: 0.0250 | 27 |
28 | 29 Open: 0.0249 Close: 0.0248 Mid: 0.0249 | 30 Open: 0.0248 Close: 0.0248 Mid: 0.0248 | 31 Open: 0.0248 Close: 0.0247 Mid: 0.0248 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0247 Close: 0.0250 Mid: 0.0250 | 2 Open: 0.0250 Close: 0.0246 Mid: 0.0248 | 3 | ||||
4 | 5 Open: 0.0246 Close: 0.0247 Mid: 0.0247 | 6 Open: 0.0247 Close: 0.0246 Mid: 0.0247 | 7 Open: 0.0246 Close: 0.0247 Mid: 0.0247 | 8 Open: 0.0247 Close: 0.0248 Mid: 0.0248 | 9 Open: 0.0248 Close: 0.0246 Mid: 0.0247 | 10 |
11 | 12 Open: 0.0246 Close: 0.0245 Mid: 0.0247 | 13 Open: 0.0245 Close: 0.0244 Mid: 0.0244 | 14 Open: 0.0244 Close: 0.0243 Mid: 0.0244 | 15 Open: 0.0243 Close: 0.0242 Mid: 0.0243 | 16 Open: 0.0242 Close: 0.0240 Mid: 0.0241 | 17 |
18 | 19 Open: 0.0240 Close: 0.0242 Mid: 0.0242 | 20 Open: 0.0242 Close: 0.0245 Mid: 0.0244 | 21 Open: 0.0245 Close: 0.0245 Mid: 0.0245 | 22 Open: 0.0245 Close: 0.0242 Mid: 0.0243 | 23 Open: 0.0242 Close: 0.0241 Mid: 0.0241 | 24 |
25 | 26 Open: 0.0241 Close: 0.0242 Mid: 0.0242 | 27 Open: 0.0242 Close: 0.0240 Mid: 0.0241 | 28 Open: 0.0240 Close: 0.0238 Mid: 0.0239 | 29 Open: 0.0238 Close: 0.0238 Mid: 0.0239 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0238 Close: 0.0238 Mid: 0.0237 | 2 | |||||
3 | 4 Open: 0.0238 Close: 0.0238 Mid: 0.0238 | 5 Open: 0.0238 Close: 0.0239 Mid: 0.0239 | 6 Open: 0.0239 Close: 0.0240 Mid: 0.0241 | 7 Open: 0.0240 Close: 0.0242 Mid: 0.0242 | 8 Open: 0.0242 Close: 0.0243 Mid: 0.0243 | 9 |
10 | 11 Open: 0.0244 Close: 0.0247 Mid: 0.0245 | 12 Open: 0.0247 Close: 0.0248 Mid: 0.0248 | 13 Open: 0.0248 Close: 0.0246 Mid: 0.0248 | 14 Open: 0.0246 Close: 0.0246 Mid: 0.0246 | 15 Open: 0.0246 Close: 0.0247 Mid: 0.0247 | 16 |
17 | 18 Open: 0.0247 Close: 0.0245 Mid: 0.0246 | 19 Open: 0.0245 Close: 0.0243 Mid: 0.0244 | 20 Open: 0.0243 Close: 0.0242 Mid: 0.0242 | 21 Open: 0.0242 Close: 0.0238 Mid: 0.0240 | 22 Open: 0.0238 Close: 0.0240 Mid: 0.0239 | 23 |
24 | 25 Open: 0.0239 Close: 0.0241 Mid: 0.0240 | 26 Open: 0.0241 Close: 0.0242 Mid: 0.0242 | 27 Open: 0.0242 Close: 0.0243 Mid: 0.0243 | 28 Open: 0.0243 Close: 0.0242 Mid: 0.0244 | 29 Open: 0.0242 Close: 0.0244 Mid: 0.0243 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0244 Close: 0.0242 Mid: 0.0244 | 2 Open: 0.0242 Close: 0.0245 Mid: 0.0244 | 3 Open: 0.0245 Close: 0.0245 Mid: 0.0245 | 4 Open: 0.0245 Close: 0.0245 Mid: 0.0246 | 5 Open: 0.0245 Close: 0.0248 Mid: 0.0247 | 6 | |
7 | 8 Open: 0.0248 Close: 0.0242 Mid: 0.0245 | 9 Open: 0.0242 Close: 0.0244 Mid: 0.0243 | 10 Open: 0.0244 Close: 0.0244 Mid: 0.0244 | 11 Open: 0.0244 Close: 0.0245 Mid: 0.0245 | 12 Open: 0.0245 Close: 0.0246 Mid: 0.0246 | 13 |
14 | 15 Open: 0.0246 Close: 0.0243 Mid: 0.0244 | 16 Open: 0.0243 Close: 0.0243 Mid: 0.0243 | 17 Open: 0.0243 Close: 0.0245 Mid: 0.0244 | 18 Open: 0.0245 Close: 0.0245 Mid: 0.0246 | 19 Open: 0.0245 Close: 0.0243 Mid: 0.0245 | 20 |
21 | 22 Open: 0.0242 Close: 0.0244 Mid: 0.0243 | 23 Open: 0.0244 Close: 0.0243 Mid: 0.0244 | 24 Open: 0.0243 Close: 0.0243 Mid: 0.0244 | 25 Open: 0.0243 Close: 0.0244 Mid: 0.0244 | 26 Open: 0.0244 Close: 0.0242 Mid: 0.0243 | 27 |
28 | 29 Open: 0.0244 Close: 0.0240 Mid: 0.0242 | 30 Open: 0.0240 Close: 0.0236 Mid: 0.0239 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0236 Close: 0.0243 Mid: 0.0241 | 2 Open: 0.0243 Close: 0.0243 Mid: 0.0242 | 3 Open: 0.0243 Close: 0.0243 Mid: 0.0243 | 4 | |||
5 | 6 Open: 0.0243 Close: 0.0243 Mid: 0.0243 | 7 Open: 0.0243 Close: 0.0239 Mid: 0.0241 | 8 Open: 0.0239 Close: 0.0239 Mid: 0.0239 | 9 Open: 0.0239 Close: 0.0240 Mid: 0.0240 | 10 Open: 0.0240 Close: 0.0239 Mid: 0.0240 | 11 |
12 | 13 Open: 0.0240 Close: 0.0238 Mid: 0.0239 | 14 Open: 0.0238 Close: 0.0236 Mid: 0.0238 | 15 Open: 0.0236 Close: 0.0237 Mid: 0.0237 | 16 Open: 0.0237 Close: 0.0238 Mid: 0.0239 | 17 Open: 0.0238 Close: 0.0238 Mid: 0.0238 | 18 |
19 | 20 Open: 0.0238 Close: 0.0236 Mid: 0.0238 | 21 Open: 0.0236 Close: 0.0235 Mid: 0.0236 | 22 Open: 0.0235 Close: 0.0234 Mid: 0.0235 | 23 Open: 0.0234 Close: 0.0234 Mid: 0.0234 | 24 Open: 0.0234 Close: 0.0233 Mid: 0.0234 | 25 |
26 | 27 Open: 0.0233 Close: 0.0234 Mid: 0.0234 | 28 Open: 0.0234 Close: 0.0234 Mid: 0.0235 | 29 Open: 0.0234 Close: 0.0235 Mid: 0.0235 | 30 Open: 0.0235 Close: 0.0236 Mid: 0.0237 | 31 Open: 0.0236 Close: 0.0236 Mid: 0.0236 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.0236 Close: 0.0235 Mid: 0.0235 | 4 Open: 0.0235 Close: 0.0238 Mid: 0.0237 | 5 Open: 0.0238 Close: 0.0238 Mid: 0.0238 | 6 Open: 0.0238 Close: 0.0240 Mid: 0.0239 | 7 Open: 0.0240 Close: 0.0240 Mid: 0.0240 | 8 |
9 | 10 Open: 0.0240 Close: 0.0239 Mid: 0.0239 | 11 Open: 0.0239 Close: 0.0236 Mid: 0.0238 | 12 Open: 0.0236 Close: 0.0235 Mid: 0.0237 | 13 Open: 0.0235 Close: 0.0237 Mid: 0.0236 | 14 Open: 0.0237 Close: 0.0237 Mid: 0.0236 | 15 |
16 | 17 Open: 0.0237 Close: 0.0236 Mid: 0.0237 | 18 Open: 0.0236 Close: 0.0235 Mid: 0.0236 | 19 Open: 0.0235 Close: 0.0235 Mid: 0.0236 | 20 Open: 0.0235 Close: 0.0234 Mid: 0.0235 | 21 Open: 0.0234 Close: 0.0235 Mid: 0.0235 | 22 |
23 | 24 Open: 0.0235 Close: 0.0233 Mid: 0.0235 | 25 Open: 0.0233 Close: 0.0235 Mid: 0.0235 | 26 Open: 0.0235 Close: 0.0233 Mid: 0.0234 | 27 Open: 0.0233 Close: 0.0234 Mid: 0.0234 | 28 Open: 0.0234 Close: 0.0234 Mid: 0.0234 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0234 Close: 0.0233 Mid: 0.0233 | 2 Open: 0.0233 Close: 0.0234 Mid: 0.0234 | 3 Open: 0.0234 Close: 0.0233 Mid: 0.0233 | 4 Open: 0.0233 Close: 0.0232 Mid: 0.0233 | 5 Open: 0.0232 Close: 0.0230 Mid: 0.0231 | 6 | |
7 | 8 Open: 0.0230 Close: 0.0228 Mid: 0.0230 | 9 Open: 0.0228 Close: 0.0228 Mid: 0.0228 | 10 Open: 0.0228 Close: 0.0226 Mid: 0.0227 | 11 Open: 0.0226 Close: 0.0229 Mid: 0.0228 | 12 Open: 0.0229 Close: 0.0229 Mid: 0.0229 | 13 |
14 | 15 Open: 0.0229 Close: 0.0229 Mid: 0.0229 | 16 Open: 0.0229 Close: 0.0229 Mid: 0.0229 | 17 Open: 0.0229 Close: 0.0233 Mid: 0.0231 | 18 Open: 0.0233 Close: 0.0231 Mid: 0.0233 | 19 Open: 0.0231 Close: 0.0231 Mid: 0.0232 | 20 |
21 | 22 Open: 0.0231 Close: 0.0231 Mid: 0.0232 | 23 Open: 0.0231 Close: 0.0233 Mid: 0.0232 | 24 Open: 0.0233 Close: 0.0237 Mid: 0.0235 | 25 Open: 0.0237 Close: 0.0238 Mid: 0.0239 | 26 Open: 0.0238 Close: 0.0238 Mid: 0.0239 | 27 |
28 | 29 Open: 0.0238 Close: 0.0241 Mid: 0.0241 | 30 Open: 0.0241 Close: 0.0245 Mid: 0.0243 | 31 Open: 0.0245 Close: 0.0251 Mid: 0.0248 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0251 Close: 0.0254 Mid: 0.0253 | 2 Open: 0.0254 Close: 0.0259 Mid: 0.0257 | 3 | ||||
4 | 5 Open: 0.0259 Close: 0.0265 Mid: 0.0266 | 6 Open: 0.0265 Close: 0.0266 Mid: 0.0264 | 7 Open: 0.0266 Close: 0.0258 Mid: 0.0261 | 8 Open: 0.0258 Close: 0.0257 Mid: 0.0259 | 9 Open: 0.0257 Close: 0.0254 Mid: 0.0256 | 10 |
11 | 12 Open: 0.0253 Close: 0.0256 Mid: 0.0255 | 13 Open: 0.0256 Close: 0.0253 Mid: 0.0255 | 14 Open: 0.0253 Close: 0.0253 Mid: 0.0254 | 15 Open: 0.0253 Close: 0.0247 Mid: 0.0250 | 16 Open: 0.0247 Close: 0.0249 Mid: 0.0248 | 17 |
18 | 19 Open: 0.0249 Close: 0.0254 Mid: 0.0252 | 20 Open: 0.0254 Close: 0.0254 Mid: 0.0253 | 21 Open: 0.0254 Close: 0.0256 Mid: 0.0255 | 22 Open: 0.0256 Close: 0.0254 Mid: 0.0256 | 23 Open: 0.0254 Close: 0.0256 Mid: 0.0254 | 24 |
25 | 26 Open: 0.0255 Close: 0.0255 Mid: 0.0255 | 27 Open: 0.0255 Close: 0.0256 Mid: 0.0255 | 28 Open: 0.0256 Close: 0.0253 Mid: 0.0254 | 29 Open: 0.0253 Close: 0.0252 Mid: 0.0253 | 30 Open: 0.0252 Close: 0.0248 Mid: 0.0251 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0248 Close: 0.0249 Mid: 0.0249 | 3 Open: 0.0249 Close: 0.0254 Mid: 0.0251 | 4 Open: 0.0254 Close: 0.0256 Mid: 0.0256 | 5 Open: 0.0256 Close: 0.0258 Mid: 0.0257 | 6 Open: 0.0258 Close: 0.0262 Mid: 0.0260 | 7 |
8 | 9 Open: 0.0262 Close: 0.0263 Mid: 0.0262 | 10 Open: 0.0263 Close: 0.0264 Mid: 0.0264 | 11 Open: 0.0264 Close: 0.0265 Mid: 0.0266 | 12 Open: 0.0265 Close: 0.0263 Mid: 0.0264 | 13 Open: 0.0263 Close: 0.0263 Mid: 0.0264 | 14 |
15 | 16 Open: 0.0263 Close: 0.0266 Mid: 0.0266 | 17 Open: 0.0266 Close: 0.0266 Mid: 0.0267 | 18 Open: 0.0266 Close: 0.0266 Mid: 0.0267 | 19 Open: 0.0266 Close: 0.0265 Mid: 0.0264 | 20 Open: 0.0265 Close: 0.0263 Mid: 0.0264 | 21 |
22 | 23 Open: 0.0263 Close: 0.0263 Mid: 0.0263 | 24 Open: 0.0263 Close: 0.0262 Mid: 0.0262 | 25 Open: 0.0262 Close: 0.0258 Mid: 0.0261 | 26 Open: 0.0258 Close: 0.0255 Mid: 0.0256 | 27 Open: 0.0255 Close: 0.0260 Mid: 0.0257 | 28 |
29 | 30 Open: 0.0260 Close: 0.0259 Mid: 0.0260 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0259 Close: 0.0262 Mid: 0.0260 | 2 Open: 0.0262 Close: 0.0258 Mid: 0.0261 | 3 Open: 0.0258 Close: 0.0259 Mid: 0.0258 | 4 Open: 0.0259 Close: 0.0257 Mid: 0.0259 | 5 | ||
6 | 7 Open: 0.0256 Close: 0.0256 Mid: 0.0256 | 8 Open: 0.0256 Close: 0.0254 Mid: 0.0256 | 9 Open: 0.0254 Close: 0.0252 Mid: 0.0253 | 10 Open: 0.0252 Close: 0.0254 Mid: 0.0254 | 11 Open: 0.0254 Close: 0.0252 Mid: 0.0253 | 12 |
13 | 14 Open: 0.0252 Close: 0.0251 Mid: 0.0252 | 15 Open: 0.0251 Close: 0.0252 Mid: 0.0252 | 16 Open: 0.0252 Close: 0.0251 Mid: 0.0252 | 17 Open: 0.0251 Close: 0.0249 Mid: 0.0251 | 18 Open: 0.0249 Close: 0.0249 Mid: 0.0248 | 19 |
20 | 21 Open: 0.0248 Close: 0.0251 Mid: 0.0250 | 22 Open: 0.0251 Close: 0.0249 Mid: 0.0251 | 23 Open: 0.0249 Close: 0.0248 Mid: 0.0249 | 24 Open: 0.0248 Close: 0.0250 Mid: 0.0249 | 25 Open: 0.0250 Close: 0.0249 Mid: 0.0250 | 26 |
27 | 28 Open: 0.0247 Close: 0.0244 Mid: 0.0246 | 29 Open: 0.0244 Close: 0.0243 Mid: 0.0244 | 30 Open: 0.0243 Close: 0.0241 Mid: 0.0243 | 31 Open: 0.0241 Close: 0.0246 Mid: 0.0245 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0246 Close: 0.0245 Mid: 0.0246 | 2 | |||||
3 | 4 Open: 0.0247 Close: 0.0246 Mid: 0.0247 | 5 Open: 0.0246 Close: 0.0247 Mid: 0.0247 | 6 Open: 0.0247 Close: 0.0242 Mid: 0.0245 | 7 Open: 0.0242 Close: 0.0243 Mid: 0.0242 | 8 Open: 0.0243 Close: 0.0246 Mid: 0.0245 | 9 |
10 | 11 Open: 0.0245 Close: 0.0244 Mid: 0.0244 | 12 Open: 0.0244 Close: 0.0243 Mid: 0.0244 | 13 Open: 0.0243 Close: 0.0242 Mid: 0.0242 | 14 Open: 0.0242 Close: 0.0239 Mid: 0.0241 | 15 Open: 0.0239 Close: 0.0243 Mid: 0.0241 | 16 |
17 | 18 Open: 0.0243 Close: 0.0242 Mid: 0.0242 | 19 Open: 0.0242 Close: 0.0242 Mid: 0.0243 | 20 Open: 0.0242 Close: 0.0240 Mid: 0.0241 | 21 Open: 0.0240 Close: 0.0240 Mid: 0.0241 | 22 Open: 0.0240 Close: 0.0239 Mid: 0.0240 | 23 |
24 | 25 Open: 0.0240 Close: 0.0236 Mid: 0.0238 | 26 Open: 0.0236 Close: 0.0238 Mid: 0.0237 | 27 Open: 0.0238 Close: 0.0242 Mid: 0.0241 | 28 Open: 0.0242 Close: 0.0241 Mid: 0.0241 | 29 Open: 0.0241 Close: 0.0243 Mid: 0.0242 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0243 Close: 0.0244 Mid: 0.0243 | 3 Open: 0.0244 Close: 0.0242 Mid: 0.0244 | 4 Open: 0.0242 Close: 0.0240 Mid: 0.0241 | 5 Open: 0.0240 Close: 0.0240 Mid: 0.0241 | 6 Open: 0.0240 Close: 0.0239 Mid: 0.0239 | 7 |
8 | 9 Open: 0.0238 Close: 0.0236 Mid: 0.0237 | 10 Open: 0.0236 Close: 0.0236 Mid: 0.0236 | 11 Open: 0.0236 Close: 0.0235 Mid: 0.0236 | 12 Open: 0.0235 Close: 0.0234 Mid: 0.0235 | 13 Open: 0.0234 Close: 0.0235 Mid: 0.0234 | 14 |
15 | 16 Open: 0.0234 Close: 0.0233 Mid: 0.0234 | 17 Open: 0.0233 Close: 0.0234 Mid: 0.0234 | 18 Open: 0.0234 Close: 0.0232 Mid: 0.0233 | 19 Open: 0.0232 Close: 0.0232 Mid: 0.0232 | 20 Open: 0.0232 Close: 0.0233 Mid: 0.0233 | 21 |
22 | 23 Open: 0.0233 Close: 0.0233 Mid: 0.0233 | 24 Open: 0.0233 Close: 0.0232 Mid: 0.0233 | 25 Open: 0.0233 Close: 0.0232 Mid: 0.0233 | 26 Open: 0.0232 Close: 0.0232 Mid: 0.0232 | 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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