Best Japanese Yen / Malaysian Ringgit Exchange Rate Today: 0.0284
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.0283, and the most competitive travel money / cash rates start at approximately 0.0281.
Live rate: 1 JPY = 0.0284 MYR (-0.42% )
Inverted: 1 MYR = 35.2113 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 | 0.0284 | 0 | 0.0281 | |||
 | 0.0283 (indicative) | 0 | 0.0283 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.0282 (indicative) | 0 | 0.0282 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.0284 | 18.8% | 0.0231 | 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. | |
 | 0.0281 | 0 | 0.0281 | 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  | 0.0276 (upper range) | Variable | 0.0276 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.0274 (lower range) | Variable | 0.0274 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.0271 | 0 | 0.0271 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0327 Close: 0.0326 Mid: 0.0326 | 2 Open: 0.0326 Close: 0.0325 Mid: 0.0325 | 3 Open: 0.0325 Close: 0.0321 Mid: 0.0324 | 4 Open: 0.0321 Close: 0.0320 Mid: 0.0321 | 5 Open: 0.0320 Close: 0.0321 Mid: 0.0321 | 6 | |
7 | 8 Open: 0.0321 Close: 0.0323 Mid: 0.0323 | 9 Open: 0.0323 Close: 0.0322 Mid: 0.0323 | 10 Open: 0.0322 Close: 0.0318 Mid: 0.0321 | 11 Open: 0.0318 Close: 0.0319 Mid: 0.0319 | 12 Open: 0.0319 Close: 0.0321 Mid: 0.0321 | 13 |
14 | 15 Open: 0.0321 Close: 0.0320 Mid: 0.0321 | 16 Open: 0.0320 Close: 0.0316 Mid: 0.0318 | 17 Open: 0.0316 Close: 0.0318 Mid: 0.0317 | 18 Open: 0.0318 Close: 0.0318 Mid: 0.0319 | 19 Open: 0.0318 Close: 0.0317 Mid: 0.0318 | 20 |
21 | 22 Open: 0.0317 Close: 0.0319 Mid: 0.0319 | 23 Open: 0.0319 Close: 0.0318 Mid: 0.0319 | 24 Open: 0.0318 Close: 0.0321 Mid: 0.0320 | 25 Open: 0.0320 Close: 0.0320 Mid: 0.0321 | 26 Open: 0.0321 Close: 0.0320 Mid: 0.0320 | 27 |
28 | 29 Open: 0.0320 Close: 0.0320 Mid: 0.0321 | 30 Open: 0.0320 Close: 0.0320 Mid: 0.0321 | 31 Open: 0.0320 Close: 0.0323 Mid: 0.0322 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0322 Close: 0.0322 Mid: 0.0323 | 2 Open: 0.0322 Close: 0.0318 Mid: 0.0321 | 3 | ||||
4 | 5 Open: 0.0318 Close: 0.0420 Mid: 0.0369 | 6 Open: 0.0418 Close: 0.0321 Mid: 0.0369 | 7 Open: 0.0321 Close: 0.0322 Mid: 0.0321 | 8 Open: 0.0322 Close: 0.0319 Mid: 0.0320 | 9 Open: 0.0319 Close: 0.0319 Mid: 0.0319 | 10 |
11 | 12 Open: 0.0319 Close: 0.0319 Mid: 0.0320 | 13 Open: 0.0319 Close: 0.0316 Mid: 0.0318 | 14 Open: 0.0316 Close: 0.0316 Mid: 0.0317 | 15 Open: 0.0316 Close: 0.0319 Mid: 0.0319 | 16 Open: 0.0319 Close: 0.0317 Mid: 0.0318 | 17 |
18 | 19 Open: 0.0317 Close: 0.0319 Mid: 0.0318 | 20 Open: 0.0319 Close: 0.0319 Mid: 0.0319 | 21 Open: 0.0319 Close: 0.0319 Mid: 0.0320 | 22 Open: 0.0319 Close: 0.0318 Mid: 0.0319 | 23 Open: 0.0318 Close: 0.0318 Mid: 0.0318 | 24 |
25 | 26 Open: 0.0317 Close: 0.0317 Mid: 0.0318 | 27 Open: 0.0317 Close: 0.0317 Mid: 0.0318 | 28 Open: 0.0317 Close: 0.0316 Mid: 0.0317 | 29 Open: 0.0316 Close: 0.0317 Mid: 0.0317 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0317 Close: 0.0315 Mid: 0.0316 | 2 | |||||
3 | 4 Open: 0.0315 Close: 0.0314 Mid: 0.0314 | 5 Open: 0.0314 Close: 0.0315 Mid: 0.0315 | 6 Open: 0.0315 Close: 0.0317 Mid: 0.0316 | 7 Open: 0.0317 Close: 0.0319 Mid: 0.0318 | 8 Open: 0.0319 Close: 0.0319 Mid: 0.0319 | 9 |
10 | 11 Open: 0.0320 Close: 0.0319 Mid: 0.0320 | 12 Open: 0.0319 Close: 0.0317 Mid: 0.0318 | 13 Open: 0.0317 Close: 0.0317 Mid: 0.0317 | 14 Open: 0.0317 Close: 0.0316 Mid: 0.0317 | 15 Open: 0.0316 Close: 0.0334 Mid: 0.0326 | 16 |
17 | 18 Open: 0.0333 Close: 0.0315 Mid: 0.0325 | 19 Open: 0.0315 Close: 0.0313 Mid: 0.0315 | 20 Open: 0.0314 Close: 0.0311 Mid: 0.0312 | 21 Open: 0.0311 Close: 0.0314 Mid: 0.0312 | 22 Open: 0.0314 Close: 0.0313 Mid: 0.0314 | 23 |
24 | 25 Open: 0.0312 Close: 0.0313 Mid: 0.0313 | 26 Open: 0.0312 Close: 0.0312 Mid: 0.0312 | 27 Open: 0.0312 Close: 0.0312 Mid: 0.0313 | 28 Open: 0.0312 Close: 0.0313 Mid: 0.0313 | 29 Open: 0.0313 Close: 0.0312 Mid: 0.0313 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0312 Close: 0.0312 Mid: 0.0312 | 2 Open: 0.0312 Close: 0.0312 Mid: 0.0313 | 3 Open: 0.0312 Close: 0.0313 Mid: 0.0313 | 4 Open: 0.0313 Close: 0.0314 Mid: 0.0314 | 5 Open: 0.0314 Close: 0.0313 Mid: 0.0314 | 6 | |
7 | 8 Open: 0.0313 Close: 0.0313 Mid: 0.0313 | 9 Open: 0.0313 Close: 0.0313 Mid: 0.0313 | 10 Open: 0.0313 Close: 0.0310 Mid: 0.0312 | 11 Open: 0.0310 Close: 0.0309 Mid: 0.0310 | 12 Open: 0.0309 Close: 0.0311 Mid: 0.0312 | 13 |
14 | 15 Open: 0.0311 Close: 0.0310 Mid: 0.0311 | 16 Open: 0.0310 Close: 0.0308 Mid: 0.0309 | 17 Open: 0.0308 Close: 0.0310 Mid: 0.0309 | 18 Open: 0.0310 Close: 0.0310 Mid: 0.0310 | 19 Open: 0.0310 Close: 0.0310 Mid: 0.0311 | 20 |
21 | 22 Open: 0.0309 Close: 0.0309 Mid: 0.0310 | 23 Open: 0.0309 Close: 0.0308 Mid: 0.0309 | 24 Open: 0.0308 Close: 0.0307 Mid: 0.0308 | 25 Open: 0.0307 Close: 0.0306 Mid: 0.0307 | 26 Open: 0.0306 Close: 0.0302 Mid: 0.0305 | 27 |
28 | 29 Open: 0.0302 Close: 0.0305 Mid: 0.0304 | 30 Open: 0.0305 Close: 0.0303 Mid: 0.0305 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0303 Close: 0.0309 Mid: 0.0307 | 2 Open: 0.0309 Close: 0.0310 Mid: 0.0308 | 3 Open: 0.0310 Close: 0.0311 Mid: 0.0311 | 4 | |||
5 | 6 Open: 0.0310 Close: 0.0308 Mid: 0.0309 | 7 Open: 0.0308 Close: 0.0307 Mid: 0.0308 | 8 Open: 0.0307 Close: 0.0305 Mid: 0.0307 | 9 Open: 0.0305 Close: 0.0305 Mid: 0.0305 | 10 Open: 0.0305 Close: 0.0304 Mid: 0.0305 | 11 |
12 | 13 Open: 0.0304 Close: 0.0303 Mid: 0.0304 | 14 Open: 0.0303 Close: 0.0302 Mid: 0.0302 | 15 Open: 0.0302 Close: 0.0304 Mid: 0.0303 | 16 Open: 0.0304 Close: 0.0303 Mid: 0.0305 | 17 Open: 0.0303 Close: 0.0301 Mid: 0.0301 | 18 |
19 | 20 Open: 0.0301 Close: 0.0300 Mid: 0.0301 | 21 Open: 0.0300 Close: 0.0300 Mid: 0.0300 | 22 Open: 0.0300 Close: 0.0300 Mid: 0.0300 | 23 Open: 0.0300 Close: 0.0299 Mid: 0.0300 | 24 Open: 0.0300 Close: 0.0300 Mid: 0.0300 | 25 |
26 | 27 Open: 0.0300 Close: 0.0299 Mid: 0.0300 | 28 Open: 0.0299 Close: 0.0299 Mid: 0.0299 | 29 Open: 0.0299 Close: 0.0298 Mid: 0.0299 | 30 Open: 0.0298 Close: 0.0300 Mid: 0.0300 | 31 Open: 0.0300 Close: 0.0299 Mid: 0.0300 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.0299 Close: 0.0301 Mid: 0.0301 | 4 Open: 0.0301 Close: 0.0304 Mid: 0.0303 | 5 Open: 0.0304 Close: 0.0301 Mid: 0.0303 | 6 Open: 0.0301 Close: 0.0302 Mid: 0.0302 | 7 Open: 0.0302 Close: 0.0299 Mid: 0.0301 | 8 |
9 | 10 Open: 0.0300 Close: 0.0300 Mid: 0.0300 | 11 Open: 0.0300 Close: 0.0300 Mid: 0.0300 | 12 Open: 0.0300 Close: 0.0302 Mid: 0.0301 | 13 Open: 0.0302 Close: 0.0301 Mid: 0.0302 | 14 Open: 0.0300 Close: 0.0299 Mid: 0.0300 | 15 |
16 | 17 Open: 0.0299 Close: 0.0298 Mid: 0.0299 | 18 Open: 0.0298 Close: 0.0299 Mid: 0.0299 | 19 Open: 0.0299 Close: 0.0298 Mid: 0.0299 | 20 Open: 0.0298 Close: 0.0296 Mid: 0.0298 | 21 Open: 0.0296 Close: 0.0295 Mid: 0.0296 | 22 |
23 | 24 Open: 0.0295 Close: 0.0295 Mid: 0.0296 | 25 Open: 0.0295 Close: 0.0295 Mid: 0.0296 | 26 Open: 0.0295 Close: 0.0293 Mid: 0.0294 | 27 Open: 0.0293 Close: 0.0293 Mid: 0.0293 | 28 Open: 0.0293 Close: 0.0293 Mid: 0.0294 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0294 Close: 0.0292 Mid: 0.0293 | 2 Open: 0.0292 Close: 0.0291 Mid: 0.0292 | 3 Open: 0.0291 Close: 0.0292 Mid: 0.0292 | 4 Open: 0.0292 Close: 0.0292 Mid: 0.0293 | 5 Open: 0.0292 Close: 0.0293 Mid: 0.0293 | 6 | |
7 | 8 Open: 0.0294 Close: 0.0293 Mid: 0.0293 | 9 Open: 0.0293 Close: 0.0292 Mid: 0.0293 | 10 Open: 0.0292 Close: 0.0291 Mid: 0.0292 | 11 Open: 0.0291 Close: 0.0296 Mid: 0.0294 | 12 Open: 0.0296 Close: 0.0297 Mid: 0.0296 | 13 |
14 | 15 Open: 0.0297 Close: 0.0296 Mid: 0.0297 | 16 Open: 0.0296 Close: 0.0295 Mid: 0.0296 | 17 Open: 0.0295 Close: 0.0299 Mid: 0.0297 | 18 Open: 0.0299 Close: 0.0298 Mid: 0.0299 | 19 Open: 0.0298 Close: 0.0298 Mid: 0.0298 | 20 |
21 | 22 Open: 0.0298 Close: 0.0298 Mid: 0.0299 | 23 Open: 0.0298 Close: 0.0301 Mid: 0.0300 | 24 Open: 0.0301 Close: 0.0304 Mid: 0.0303 | 25 Open: 0.0304 Close: 0.0304 Mid: 0.0306 | 26 Open: 0.0304 Close: 0.0303 Mid: 0.0303 | 27 |
28 | 29 Open: 0.0304 Close: 0.0301 Mid: 0.0303 | 30 Open: 0.0301 Close: 0.0304 Mid: 0.0302 | 31 Open: 0.0304 Close: 0.0308 Mid: 0.0305 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0307 Close: 0.0309 Mid: 0.0308 | 2 Open: 0.0309 Close: 0.0312 Mid: 0.0308 | 3 | ||||
4 | 5 Open: 0.0311 Close: 0.0311 Mid: 0.0313 | 6 Open: 0.0311 Close: 0.0307 Mid: 0.0308 | 7 Open: 0.0307 Close: 0.0306 Mid: 0.0305 | 8 Open: 0.0306 Close: 0.0303 Mid: 0.0306 | 9 Open: 0.0303 Close: 0.0305 Mid: 0.0304 | 10 |
11 | 12 Open: 0.0304 Close: 0.0301 Mid: 0.0302 | 13 Open: 0.0301 Close: 0.0302 Mid: 0.0301 | 14 Open: 0.0302 Close: 0.0303 Mid: 0.0303 | 15 Open: 0.0303 Close: 0.0296 Mid: 0.0300 | 16 Open: 0.0296 Close: 0.0299 Mid: 0.0299 | 17 |
18 | 19 Open: 0.0300 Close: 0.0300 Mid: 0.0300 | 20 Open: 0.0300 Close: 0.0301 Mid: 0.0300 | 21 Open: 0.0301 Close: 0.0301 Mid: 0.0300 | 22 Open: 0.0301 Close: 0.0299 Mid: 0.0300 | 23 Open: 0.0299 Close: 0.0303 Mid: 0.0301 | 24 |
25 | 26 Open: 0.0303 Close: 0.0303 Mid: 0.0303 | 27 Open: 0.0303 Close: 0.0301 Mid: 0.0302 | 28 Open: 0.0301 Close: 0.0301 Mid: 0.0302 | 29 Open: 0.0301 Close: 0.0297 Mid: 0.0299 | 30 Open: 0.0297 Close: 0.0297 Mid: 0.0298 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0296 Close: 0.0296 Mid: 0.0296 | 3 Open: 0.0296 Close: 0.0300 Mid: 0.0299 | 4 Open: 0.0300 Close: 0.0303 Mid: 0.0301 | 5 Open: 0.0303 Close: 0.0302 Mid: 0.0303 | 6 Open: 0.0302 Close: 0.0305 Mid: 0.0304 | 7 |
8 | 9 Open: 0.0304 Close: 0.0306 Mid: 0.0305 | 10 Open: 0.0306 Close: 0.0306 Mid: 0.0306 | 11 Open: 0.0306 Close: 0.0305 Mid: 0.0307 | 12 Open: 0.0305 Close: 0.0306 Mid: 0.0305 | 13 Open: 0.0306 Close: 0.0308 Mid: 0.0307 | 14 |
15 | 16 Open: 0.0307 Close: 0.0307 Mid: 0.0309 | 17 Open: 0.0307 Close: 0.0302 Mid: 0.0305 | 18 Open: 0.0302 Close: 0.0299 Mid: 0.0301 | 19 Open: 0.0299 Close: 0.0297 Mid: 0.0298 | 20 Open: 0.0297 Close: 0.0291 Mid: 0.0294 | 21 |
22 | 23 Open: 0.0292 Close: 0.0293 Mid: 0.0293 | 24 Open: 0.0293 Close: 0.0293 Mid: 0.0291 | 25 Open: 0.0293 Close: 0.0287 Mid: 0.0290 | 26 Open: 0.0287 Close: 0.0285 Mid: 0.0286 | 27 Open: 0.0285 Close: 0.0291 Mid: 0.0287 | 28 |
29 | 30 Open: 0.0291 Close: 0.0287 Mid: 0.0289 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0287 Close: 0.0287 Mid: 0.0289 | 2 Open: 0.0287 Close: 0.0284 Mid: 0.0287 | 3 Open: 0.0285 Close: 0.0286 Mid: 0.0287 | 4 Open: 0.0286 Close: 0.0284 Mid: 0.0286 | 5 | ||
6 | 7 Open: 0.0284 Close: 0.0284 Mid: 0.0286 | 8 Open: 0.0285 Close: 0.0289 Mid: 0.0288 | 9 Open: 0.0289 Close: 0.0287 Mid: 0.0289 | 10 Open: 0.0287 Close: 0.0187 Mid: 0.0237 | 11 Open: 0.0189 Close: 0.0288 Mid: 0.0238 | 12 |
13 | 14 Open: 0.0288 Close: 0.0287 Mid: 0.0288 | 15 Open: 0.0287 Close: 0.0288 Mid: 0.0288 | 16 Open: 0.0289 Close: 0.0288 Mid: 0.0288 | 17 Open: 0.0288 Close: 0.0286 Mid: 0.0287 | 18 Open: 0.0286 Close: 0.0288 Mid: 0.0287 | 19 |
20 | 21 Open: 0.0288 Close: 0.0285 Mid: 0.0287 | 22 Open: 0.0285 Close: 0.0286 Mid: 0.0286 | 23 Open: 0.0286 Close: 0.0284 Mid: 0.0285 | 24 Open: 0.0284 Close: 0.0286 Mid: 0.0285 | 25 Open: 0.0286 Close: 0.0285 Mid: 0.0286 | 26 |
27 | 28 Open: 0.0284 Close: 0.0284 Mid: 0.0285 | 29 Open: 0.0284 Close: 0.0284 Mid: 0.0285 | 30 Open: 0.0284 Close: 0.0286 Mid: 0.0286 | 31 Open: 0.0286 Close: 0.0287 Mid: 0.0288 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0287 Close: 0.0287 Mid: 0.0287 | 2 | |||||
3 | 4 Open: 0.0287 Close: 0.0288 Mid: 0.0288 | 5 Open: 0.0288 Close: 0.0300 Mid: 0.0294 | 6 Open: 0.0300 Close: 0.0281 Mid: 0.0290 | 7 Open: 0.0281 Close: 0.0288 Mid: 0.0285 | 8 Open: 0.0288 Close: 0.0289 Mid: 0.0289 | 9 |
10 | 11 Open: 0.0289 Close: 0.0287 Mid: 0.0288 | 12 Open: 0.0287 Close: 0.0284 Mid: 0.0286 | 13 Open: 0.0284 Close: 0.0287 Mid: 0.0286 | 14 Open: 0.0287 Close: 0.0286 Mid: 0.0287 | 15 Open: 0.0286 Close: 0.0291 Mid: 0.0289 | 16 |
17 | 18 Open: 0.0291 Close: 0.0289 Mid: 0.0290 | 19 Open: 0.0289 Close: 0.0290 Mid: 0.0291 | 20 Open: 0.0290 Close: 0.0287 Mid: 0.0288 | 21 Open: 0.0287 Close: 0.0290 Mid: 0.0289 | 22 Open: 0.0290 Close: 0.0288 Mid: 0.0290 | 23 |
24 | 25 Open: 0.0289 Close: 0.0290 Mid: 0.0289 | 26 Open: 0.0290 Close: 0.0290 Mid: 0.0290 | 27 Open: 0.0290 Close: 0.0292 Mid: 0.0292 | 28 Open: 0.0292 Close: 0.0293 Mid: 0.0293 | 29 Open: 0.0293 Close: 0.0297 Mid: 0.0295 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0297 Close: 0.0297 Mid: 0.0297 | 3 Open: 0.0297 Close: 0.0299 Mid: 0.0299 | 4 Open: 0.0299 Close: 0.0296 Mid: 0.0297 | 5 Open: 0.0295 Close: 0.0297 Mid: 0.0295 | 6 Open: 0.0296 Close: 0.0295 Mid: 0.0296 | 7 |
8 | 9 Open: 0.0295 Close: 0.0293 Mid: 0.0294 | 10 Open: 0.0293 Close: 0.0291 Mid: 0.0292 | 11 Open: 0.0291 Close: 0.0291 Mid: 0.0292 | 12 Open: 0.0291 Close: 0.0293 Mid: 0.0292 | 13 Open: 0.0293 Close: 0.0290 Mid: 0.0292 | 14 |
15 | 16 Open: 0.0289 Close: 0.0288 Mid: 0.0289 | 17 Open: 0.0288 Close: 0.0289 Mid: 0.0289 | 18 Open: 0.0289 Close: 0.0291 Mid: 0.0291 | 19 Open: 0.0291 Close: 0.0288 Mid: 0.0288 | 20 Open: 0.0288 Close: 0.0287 Mid: 0.0289 | 21 |
22 | 23 Open: 0.0287 Close: 0.0287 Mid: 0.0287 | 24 Open: 0.0286 Close: 0.0285 Mid: 0.0286 | 25 Open: 0.0286 Close: 0.0285 Mid: 0.0286 | 26 Open: 0.0285 Close: 0.0284 Mid: 0.0285 | 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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