Best Japanese Yen / Mauritius Rupee Exchange Rate Today: 0.2994
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.2985, and the most competitive travel money / cash rates start at approximately 0.2967.
Live rate: 1 JPY = 0.2994 MUR (-0.1001% )
Inverted: 1 MUR = 3.3400 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 | 0.2994 | 0 | 0.2964 | |||
 | 0.2985 (indicative) | 0 | 0.2985 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.2973 (indicative) | 0 | 0.2973 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.2994 | 32.4% | 0.2024 | 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. | |
 | 0.2967 | 0 | 0.2967 | 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  | 0.2910 (upper range) | Variable | 0.2910 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.2889 (lower range) | Variable | 0.2889 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.2859 | 0 | 0.2859 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3111 Close: 0.3123 Mid: 0.3115 | 2 Open: 0.3126 Close: 0.3103 Mid: 0.3108 | 3 Open: 0.3103 Close: 0.3073 Mid: 0.3090 | 4 Open: 0.3073 Close: 0.3096 Mid: 0.3086 | 5 Open: 0.3096 Close: 0.3096 Mid: 0.3085 | 6 | |
7 | 8 Open: 0.3100 Close: 0.3099 Mid: 0.3099 | 9 Open: 0.3100 Close: 0.3128 Mid: 0.3108 | 10 Open: 0.3128 Close: 0.3029 Mid: 0.3079 | 11 Open: 0.3029 Close: 0.3087 Mid: 0.3056 | 12 Open: 0.3090 Close: 0.3049 Mid: 0.3080 | 13 |
14 | 15 Open: 0.3046 Close: 0.3118 Mid: 0.3084 | 16 Open: 0.3119 Close: 0.3090 Mid: 0.3107 | 17 Open: 0.3089 Close: 0.2992 Mid: 0.3039 | 18 Open: 0.2993 Close: 0.2989 Mid: 0.3000 | 19 Open: 0.2988 Close: 0.2983 Mid: 0.2995 | 20 |
21 | 22 Open: 0.2981 Close: 0.2996 Mid: 0.2994 | 23 Open: 0.2996 Close: 0.2989 Mid: 0.2996 | 24 Open: 0.2989 Close: 0.3020 Mid: 0.3007 | 25 Open: 0.3020 Close: 0.3013 Mid: 0.3017 | 26 Open: 0.3014 Close: 0.3090 Mid: 0.3053 | 27 |
28 | 29 Open: 0.3091 Close: 0.3083 Mid: 0.3063 | 30 Open: 0.3085 Close: 0.3034 Mid: 0.3075 | 31 Open: 0.3034 Close: 0.3064 Mid: 0.3057 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3064 Close: 0.3063 Mid: 0.3067 | 2 Open: 0.3064 Close: 0.3115 Mid: 0.3098 | 3 | ||||
4 | 5 Open: 0.3111 Close: 0.3050 Mid: 0.3083 | 6 Open: 0.3051 Close: 0.3122 Mid: 0.3082 | 7 Open: 0.3122 Close: 0.3066 Mid: 0.3096 | 8 Open: 0.3066 Close: 0.3048 Mid: 0.3050 | 9 Open: 0.3053 Close: 0.3040 Mid: 0.3058 | 10 |
11 | 12 Open: 0.3041 Close: 0.3037 Mid: 0.3053 | 13 Open: 0.3037 Close: 0.3079 Mid: 0.3071 | 14 Open: 0.3078 Close: 0.3100 Mid: 0.3072 | 15 Open: 0.3101 Close: 0.3040 Mid: 0.3078 | 16 Open: 0.3041 Close: 0.3127 Mid: 0.3082 | 17 |
18 | 19 Open: 0.3123 Close: 0.3081 Mid: 0.3109 | 20 Open: 0.3078 Close: 0.3053 Mid: 0.3056 | 21 Open: 0.3053 Close: 0.3043 Mid: 0.3049 | 22 Open: 0.3042 Close: 0.3039 Mid: 0.3042 | 23 Open: 0.3040 Close: 0.3036 Mid: 0.3037 | 24 |
25 | 26 Open: 0.3035 Close: 0.3032 Mid: 0.3037 | 27 Open: 0.3032 Close: 0.3036 Mid: 0.3037 | 28 Open: 0.3037 Close: 0.2988 Mid: 0.3017 | 29 Open: 0.2987 Close: 0.3053 Mid: 0.3018 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3053 Close: 0.3049 Mid: 0.3047 | 2 | |||||
3 | 4 Open: 0.3053 Close: 0.3045 Mid: 0.3048 | 5 Open: 0.3045 Close: 0.3052 Mid: 0.3049 | 6 Open: 0.3052 Close: 0.3068 Mid: 0.3062 | 7 Open: 0.3068 Close: 0.3083 Mid: 0.3085 | 8 Open: 0.3084 Close: 0.3110 Mid: 0.3103 | 9 |
10 | 11 Open: 0.3117 Close: 0.3117 Mid: 0.3118 | 12 Open: 0.3117 Close: 0.3032 Mid: 0.3075 | 13 Open: 0.3029 Close: 0.3095 Mid: 0.2994 | 14 Open: 0.3095 Close: 0.3090 Mid: 0.3097 | 15 Open: 0.3090 Close: 0.3088 Mid: 0.3092 | 16 |
17 | 18 Open: 0.3093 Close: 0.3082 Mid: 0.3089 | 19 Open: 0.3082 Close: 0.3054 Mid: 0.3066 | 20 Open: 0.3055 Close: 0.3037 Mid: 0.3042 | 21 Open: 0.3038 Close: 0.3043 Mid: 0.3045 | 22 Open: 0.3043 Close: 0.3058 Mid: 0.3048 | 23 |
24 | 25 Open: 0.3045 Close: 0.3061 Mid: 0.3061 | 26 Open: 0.3061 Close: 0.3057 Mid: 0.3060 | 27 Open: 0.3057 Close: 0.3058 Mid: 0.3060 | 28 Open: 0.3058 Close: 0.3067 Mid: 0.3065 | 29 Open: 0.3067 Close: 0.3067 Mid: 0.3067 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3063 Close: 0.3059 Mid: 0.3061 | 2 Open: 0.3059 Close: 0.3063 Mid: 0.3063 | 3 Open: 0.3063 Close: 0.3045 Mid: 0.3053 | 4 Open: 0.3046 Close: 0.3060 Mid: 0.3051 | 5 Open: 0.3060 Close: 0.3054 Mid: 0.3059 | 6 | |
7 | 8 Open: 0.3062 Close: 0.3039 Mid: 0.3050 | 9 Open: 0.3039 Close: 0.3041 Mid: 0.3038 | 10 Open: 0.3041 Close: 0.3015 Mid: 0.3032 | 11 Open: 0.3014 Close: 0.3006 Mid: 0.3012 | 12 Open: 0.3006 Close: 0.3031 Mid: 0.3032 | 13 |
14 | 15 Open: 0.3027 Close: 0.3097 Mid: 0.3063 | 16 Open: 0.3097 Close: 0.3023 Mid: 0.3058 | 17 Open: 0.3022 Close: 0.3022 Mid: 0.3019 | 18 Open: 0.3021 Close: 0.3012 Mid: 0.3016 | 19 Open: 0.3013 Close: 0.3020 Mid: 0.3023 | 20 |
21 | 22 Open: 0.3013 Close: 0.3000 Mid: 0.3012 | 23 Open: 0.3001 Close: 0.2999 Mid: 0.3002 | 24 Open: 0.3000 Close: 0.2983 Mid: 0.2997 | 25 Open: 0.2983 Close: 0.2981 Mid: 0.2983 | 26 Open: 0.2981 Close: 0.2929 Mid: 0.2961 | 27 |
28 | 29 Open: 0.2928 Close: 0.2959 Mid: 0.2946 | 30 Open: 0.2959 Close: 0.2946 Mid: 0.2955 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2945 Close: 0.2998 Mid: 0.2983 | 2 Open: 0.2998 Close: 0.3013 Mid: 0.2994 | 3 Open: 0.3013 Close: 0.3024 Mid: 0.3025 | 4 | |||
5 | 6 Open: 0.3022 Close: 0.3011 Mid: 0.3017 | 7 Open: 0.3010 Close: 0.2991 Mid: 0.2998 | 8 Open: 0.2990 Close: 0.2971 Mid: 0.2980 | 9 Open: 0.2971 Close: 0.2966 Mid: 0.2967 | 10 Open: 0.2966 Close: 0.2964 Mid: 0.2967 | 11 |
12 | 13 Open: 0.2966 Close: 0.2950 Mid: 0.2958 | 14 Open: 0.2950 Close: 0.2945 Mid: 0.2951 | 15 Open: 0.2945 Close: 0.2965 Mid: 0.2958 | 16 Open: 0.2965 Close: 0.2956 Mid: 0.2972 | 17 Open: 0.2956 Close: 0.2943 Mid: 0.2946 | 18 |
19 | 20 Open: 0.2943 Close: 0.2940 Mid: 0.2943 | 21 Open: 0.2940 Close: 0.2955 Mid: 0.2945 | 22 Open: 0.2955 Close: 0.2945 Mid: 0.2947 | 23 Open: 0.2945 Close: 0.2947 Mid: 0.2947 | 24 Open: 0.2946 Close: 0.2934 Mid: 0.2936 | 25 |
26 | 27 Open: 0.2933 Close: 0.2938 Mid: 0.2938 | 28 Open: 0.2938 Close: 0.2931 Mid: 0.2935 | 29 Open: 0.2931 Close: 0.2929 Mid: 0.2932 | 30 Open: 0.2929 Close: 0.2947 Mid: 0.2941 | 31 Open: 0.2947 Close: 0.2929 Mid: 0.2941 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.2929 Close: 0.2957 Mid: 0.2947 | 4 Open: 0.2958 Close: 0.2978 Mid: 0.2968 | 5 Open: 0.2978 Close: 0.2963 Mid: 0.2965 | 6 Open: 0.2964 Close: 0.2950 Mid: 0.2959 | 7 Open: 0.2950 Close: 0.2929 Mid: 0.2956 | 8 |
9 | 10 Open: 0.2930 Close: 0.2966 Mid: 0.2949 | 11 Open: 0.2966 Close: 0.2960 Mid: 0.2963 | 12 Open: 0.2960 Close: 0.2978 Mid: 0.2968 | 13 Open: 0.2978 Close: 0.2968 Mid: 0.2968 | 14 Open: 0.2968 Close: 0.2970 Mid: 0.2967 | 15 |
16 | 17 Open: 0.2970 Close: 0.2982 Mid: 0.2980 | 18 Open: 0.2982 Close: 0.2955 Mid: 0.2970 | 19 Open: 0.2955 Close: 0.2954 Mid: 0.2962 | 20 Open: 0.2954 Close: 0.2940 Mid: 0.2949 | 21 Open: 0.2940 Close: 0.2937 Mid: 0.2949 | 22 |
23 | 24 Open: 0.2938 Close: 0.2942 Mid: 0.2944 | 25 Open: 0.2942 Close: 0.2938 Mid: 0.2944 | 26 Open: 0.2938 Close: 0.2930 Mid: 0.2935 | 27 Open: 0.2929 Close: 0.2919 Mid: 0.2932 | 28 Open: 0.2919 Close: 0.2934 Mid: 0.2931 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2939 Close: 0.2897 Mid: 0.2915 | 2 Open: 0.2897 Close: 0.2906 Mid: 0.2905 | 3 Open: 0.2906 Close: 0.2906 Mid: 0.2905 | 4 Open: 0.2906 Close: 0.2922 Mid: 0.2917 | 5 Open: 0.2922 Close: 0.2918 Mid: 0.2920 | 6 | |
7 | 8 Open: 0.2923 Close: 0.2910 Mid: 0.2915 | 9 Open: 0.2908 Close: 0.2903 Mid: 0.2906 | 10 Open: 0.2903 Close: 0.2885 Mid: 0.2894 | 11 Open: 0.2886 Close: 0.2936 Mid: 0.2918 | 12 Open: 0.2936 Close: 0.2950 Mid: 0.2944 | 13 |
14 | 15 Open: 0.2955 Close: 0.2950 Mid: 0.2954 | 16 Open: 0.2950 Close: 0.2939 Mid: 0.2943 | 17 Open: 0.2939 Close: 0.2983 Mid: 0.2964 | 18 Open: 0.2983 Close: 0.2962 Mid: 0.2980 | 19 Open: 0.2961 Close: 0.2964 Mid: 0.2960 | 20 |
21 | 22 Open: 0.2964 Close: 0.2965 Mid: 0.2973 | 23 Open: 0.2966 Close: 0.2994 Mid: 0.2980 | 24 Open: 0.2994 Close: 0.3038 Mid: 0.3019 | 25 Open: 0.3038 Close: 0.3046 Mid: 0.3056 | 26 Open: 0.3045 Close: 0.3044 Mid: 0.3041 | 27 |
28 | 29 Open: 0.3051 Close: 0.3019 Mid: 0.3036 | 30 Open: 0.3020 Close: 0.3055 Mid: 0.3030 | 31 Open: 0.3055 Close: 0.3107 Mid: 0.3075 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3108 Close: 0.3131 Mid: 0.3117 | 2 Open: 0.3130 Close: 0.3179 Mid: 0.3151 | 3 | ||||
4 | 5 Open: 0.3178 Close: 0.3214 Mid: 0.3232 | 6 Open: 0.3215 Close: 0.3205 Mid: 0.3190 | 7 Open: 0.3205 Close: 0.3175 Mid: 0.3175 | 8 Open: 0.3174 Close: 0.3136 Mid: 0.3168 | 9 Open: 0.3136 Close: 0.3166 Mid: 0.3151 | 10 |
11 | 12 Open: 0.3158 Close: 0.3152 Mid: 0.3147 | 13 Open: 0.3152 Close: 0.3143 Mid: 0.3145 | 14 Open: 0.3144 Close: 0.3139 Mid: 0.3151 | 15 Open: 0.3139 Close: 0.3095 Mid: 0.3118 | 16 Open: 0.3095 Close: 0.3124 Mid: 0.3115 | 17 |
18 | 19 Open: 0.3128 Close: 0.3151 Mid: 0.3152 | 20 Open: 0.3152 Close: 0.3175 Mid: 0.3158 | 21 Open: 0.3175 Close: 0.3165 Mid: 0.3160 | 22 Open: 0.3165 Close: 0.3151 Mid: 0.3160 | 23 Open: 0.3150 Close: 0.3181 Mid: 0.3165 | 24 |
25 | 26 Open: 0.3181 Close: 0.3191 Mid: 0.3195 | 27 Open: 0.3191 Close: 0.3198 Mid: 0.3189 | 28 Open: 0.3199 Close: 0.3198 Mid: 0.3199 | 29 Open: 0.3197 Close: 0.3190 Mid: 0.3197 | 30 Open: 0.3189 Close: 0.3183 Mid: 0.3191 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3179 Close: 0.3161 Mid: 0.3174 | 3 Open: 0.3161 Close: 0.3205 Mid: 0.3186 | 4 Open: 0.3205 Close: 0.3205 Mid: 0.3202 | 5 Open: 0.3205 Close: 0.3208 Mid: 0.3208 | 6 Open: 0.3208 Close: 0.3236 Mid: 0.3223 | 7 |
8 | 9 Open: 0.3234 Close: 0.3221 Mid: 0.3224 | 10 Open: 0.3221 Close: 0.3235 Mid: 0.3227 | 11 Open: 0.3235 Close: 0.3243 Mid: 0.3257 | 12 Open: 0.3242 Close: 0.3241 Mid: 0.3237 | 13 Open: 0.3242 Close: 0.3264 Mid: 0.3261 | 14 |
15 | 16 Open: 0.3262 Close: 0.3259 Mid: 0.3270 | 17 Open: 0.3260 Close: 0.3227 Mid: 0.3250 | 18 Open: 0.3226 Close: 0.3225 Mid: 0.3236 | 19 Open: 0.3225 Close: 0.3217 Mid: 0.3217 | 20 Open: 0.3217 Close: 0.3182 Mid: 0.3201 | 21 |
22 | 23 Open: 0.3184 Close: 0.3178 Mid: 0.3185 | 24 Open: 0.3178 Close: 0.3194 Mid: 0.3180 | 25 Open: 0.3195 Close: 0.3164 Mid: 0.3184 | 26 Open: 0.3164 Close: 0.3157 Mid: 0.3161 | 27 Open: 0.3157 Close: 0.3236 Mid: 0.3184 | 28 |
29 | 30 Open: 0.3237 Close: 0.3201 Mid: 0.3222 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3200 Close: 0.3210 Mid: 0.3202 | 2 Open: 0.3210 Close: 0.3159 Mid: 0.3186 | 3 Open: 0.3159 Close: 0.3154 Mid: 0.3156 | 4 Open: 0.3154 Close: 0.3131 Mid: 0.3152 | 5 | ||
6 | 7 Open: 0.3131 Close: 0.3142 Mid: 0.3137 | 8 Open: 0.3142 Close: 0.3098 Mid: 0.3129 | 9 Open: 0.3099 Close: 0.3085 Mid: 0.3096 | 10 Open: 0.3084 Close: 0.3105 Mid: 0.3097 | 11 Open: 0.3105 Close: 0.3091 Mid: 0.3095 | 12 |
13 | 14 Open: 0.3090 Close: 0.3085 Mid: 0.3089 | 15 Open: 0.3085 Close: 0.3104 Mid: 0.3098 | 16 Open: 0.3103 Close: 0.3099 Mid: 0.3105 | 17 Open: 0.3099 Close: 0.3087 Mid: 0.3094 | 18 Open: 0.3087 Close: 0.3104 Mid: 0.3094 | 19 |
20 | 21 Open: 0.3101 Close: 0.3049 Mid: 0.3081 | 22 Open: 0.3042 Close: 0.3047 Mid: 0.3049 | 23 Open: 0.3047 Close: 0.3024 Mid: 0.3030 | 24 Open: 0.3023 Close: 0.3041 Mid: 0.3032 | 25 Open: 0.3041 Close: 0.3032 Mid: 0.3037 | 26 |
27 | 28 Open: 0.3013 Close: 0.3018 Mid: 0.3019 | 29 Open: 0.3018 Close: 0.3008 Mid: 0.3014 | 30 Open: 0.3008 Close: 0.3007 Mid: 0.3013 | 31 Open: 0.3007 Close: 0.3045 Mid: 0.3034 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3044 Close: 0.2999 Mid: 0.3016 | 2 | |||||
3 | 4 Open: 0.3005 Close: 0.3014 Mid: 0.3013 | 5 Open: 0.3014 Close: 0.3027 Mid: 0.3020 | 6 Open: 0.3028 Close: 0.3007 Mid: 0.3009 | 7 Open: 0.3007 Close: 0.3032 Mid: 0.3019 | 8 Open: 0.3033 Close: 0.3045 Mid: 0.3041 | 9 |
10 | 11 Open: 0.3043 Close: 0.3042 Mid: 0.3040 | 12 Open: 0.3042 Close: 0.3057 Mid: 0.3052 | 13 Open: 0.3057 Close: 0.3029 Mid: 0.3044 | 14 Open: 0.3028 Close: 0.3020 Mid: 0.3028 | 15 Open: 0.3020 Close: 0.3068 Mid: 0.3047 | 16 |
17 | 18 Open: 0.3071 Close: 0.3000 Mid: 0.3035 | 19 Open: 0.3000 Close: 0.2986 Mid: 0.3012 | 20 Open: 0.2986 Close: 0.2979 Mid: 0.2980 | 21 Open: 0.2979 Close: 0.3013 Mid: 0.3001 | 22 Open: 0.3013 Close: 0.3024 Mid: 0.3026 | 23 |
24 | 25 Open: 0.3027 Close: 0.3034 Mid: 0.3030 | 26 Open: 0.3034 Close: 0.3057 Mid: 0.3046 | 27 Open: 0.3057 Close: 0.3085 Mid: 0.3077 | 28 Open: 0.3086 Close: 0.3065 Mid: 0.3076 | 29 Open: 0.3066 Close: 0.3093 Mid: 0.3085 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3094 Close: 0.3120 Mid: 0.3113 | 3 Open: 0.3119 Close: 0.3124 Mid: 0.3124 | 4 Open: 0.3124 Close: 0.3096 Mid: 0.3111 | 5 Open: 0.3097 Close: 0.3102 Mid: 0.3102 | 6 Open: 0.3102 Close: 0.3107 Mid: 0.3102 | 7 |
8 | 9 Open: 0.3104 Close: 0.3085 Mid: 0.3096 | 10 Open: 0.3085 Close: 0.3058 Mid: 0.3073 | 11 Open: 0.3058 Close: 0.3059 Mid: 0.3073 | 12 Open: 0.3059 Close: 0.3087 Mid: 0.3074 | 13 Open: 0.3086 Close: 0.3067 Mid: 0.3076 | 14 |
15 | 16 Open: 0.3058 Close: 0.3012 Mid: 0.3037 | 17 Open: 0.3013 Close: 0.3028 Mid: 0.3021 | 18 Open: 0.3029 Close: 0.3031 Mid: 0.3034 | 19 Open: 0.3029 Close: 0.3010 Mid: 0.3005 | 20 Open: 0.3008 Close: 0.3010 Mid: 0.3004 | 21 |
22 | 23 Open: 0.3010 Close: 0.2978 Mid: 0.2995 | 24 Open: 0.2978 Close: 0.2997 Mid: 0.2987 | 25 Open: 0.2978 Close: 0.2997 Mid: 0.2987 | 26 Open: 0.2997 Close: 0.2991 Mid: 0.2994 | 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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