Best Japanese Yen / Mexican Peso Exchange Rate Today: 0.1282
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.1278, and the most competitive travel money / cash rates start at approximately 0.1270.
Live rate: 1 JPY = 0.1282 MXN (-0.05% )
Inverted: 1 MXN = 7.8003 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 | 0.1282 | 0 | 0.1269 | |||
 | 0.1278 (indicative) | 0 | 0.1278 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.1273 (indicative) | 0 | 0.1273 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.1282 | 20.7% | 0.1017 | 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. | |
 | 0.1270 | 0 | 0.1270 | 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  | 0.1246 (upper range) | Variable | 0.1246 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.1237 (lower range) | Variable | 0.1237 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.1224 | 0 | 0.1224 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1204 Close: 0.1204 Mid: 0.1204 | 2 Open: 0.1204 Close: 0.1199 Mid: 0.1198 | 3 Open: 0.1199 Close: 0.1187 Mid: 0.1194 | 4 Open: 0.1187 Close: 0.1177 Mid: 0.1185 | 5 Open: 0.1177 Close: 0.1167 Mid: 0.1171 | 6 | |
7 | 8 Open: 0.1165 Close: 0.1168 Mid: 0.1168 | 9 Open: 0.1167 Close: 0.1174 Mid: 0.1173 | 10 Open: 0.1175 Close: 0.1164 Mid: 0.1171 | 11 Open: 0.1164 Close: 0.1164 Mid: 0.1166 | 12 Open: 0.1164 Close: 0.1164 Mid: 0.1164 | 13 |
14 | 15 Open: 0.1163 Close: 0.1158 Mid: 0.1160 | 16 Open: 0.1158 Close: 0.1170 Mid: 0.1165 | 17 Open: 0.1170 Close: 0.1161 Mid: 0.1169 | 18 Open: 0.1161 Close: 0.1159 Mid: 0.1161 | 19 Open: 0.1159 Close: 0.1153 Mid: 0.1156 | 20 |
21 | 22 Open: 0.1156 Close: 0.1160 Mid: 0.1158 | 23 Open: 0.1160 Close: 0.1166 Mid: 0.1165 | 24 Open: 0.1166 Close: 0.1168 Mid: 0.1167 | 25 Open: 0.1168 Close: 0.1165 Mid: 0.1167 | 26 Open: 0.1165 Close: 0.1158 Mid: 0.1162 | 27 |
28 | 29 Open: 0.1159 Close: 0.1168 Mid: 0.1163 | 30 Open: 0.1168 Close: 0.1162 Mid: 0.1167 | 31 Open: 0.1162 Close: 0.1172 Mid: 0.1168 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1172 Close: 0.1166 Mid: 0.1172 | 2 Open: 0.1167 Close: 0.1155 Mid: 0.1161 | 3 | ||||
4 | 5 Open: 0.1153 Close: 0.1151 Mid: 0.1154 | 6 Open: 0.1151 Close: 0.1152 Mid: 0.1151 | 7 Open: 0.1152 Close: 0.1151 Mid: 0.1152 | 8 Open: 0.1151 Close: 0.1148 Mid: 0.1150 | 9 Open: 0.1148 Close: 0.1145 Mid: 0.1147 | 10 |
11 | 12 Open: 0.1147 Close: 0.1143 Mid: 0.1145 | 13 Open: 0.1143 Close: 0.1140 Mid: 0.1143 | 14 Open: 0.1141 Close: 0.1134 Mid: 0.1139 | 15 Open: 0.1135 Close: 0.1137 Mid: 0.1137 | 16 Open: 0.1137 Close: 0.1136 Mid: 0.1136 | 17 |
18 | 19 Open: 0.1136 Close: 0.1135 Mid: 0.1137 | 20 Open: 0.1135 Close: 0.1137 Mid: 0.1136 | 21 Open: 0.1137 Close: 0.1134 Mid: 0.1136 | 22 Open: 0.1134 Close: 0.1136 Mid: 0.1135 | 23 Open: 0.1136 Close: 0.1137 Mid: 0.1138 | 24 |
25 | 26 Open: 0.1137 Close: 0.1134 Mid: 0.1137 | 27 Open: 0.1135 Close: 0.1134 Mid: 0.1135 | 28 Open: 0.1134 Close: 0.1134 Mid: 0.1134 | 29 Open: 0.1134 Close: 0.1137 Mid: 0.1137 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1137 Close: 0.1133 Mid: 0.1133 | 2 | |||||
3 | 4 Open: 0.1136 Close: 0.1126 Mid: 0.1132 | 5 Open: 0.1126 Close: 0.1129 Mid: 0.1129 | 6 Open: 0.1129 Close: 0.1130 Mid: 0.1130 | 7 Open: 0.1130 Close: 0.1140 Mid: 0.1139 | 8 Open: 0.1140 Close: 0.1143 Mid: 0.1145 | 9 |
10 | 11 Open: 0.1144 Close: 0.1143 Mid: 0.1144 | 12 Open: 0.1143 Close: 0.1138 Mid: 0.1140 | 13 Open: 0.1138 Close: 0.1128 Mid: 0.1133 | 14 Open: 0.1128 Close: 0.1126 Mid: 0.1128 | 15 Open: 0.1126 Close: 0.1121 Mid: 0.1124 | 16 |
17 | 18 Open: 0.1119 Close: 0.1128 Mid: 0.1125 | 19 Open: 0.1128 Close: 0.1114 Mid: 0.1124 | 20 Open: 0.1114 Close: 0.1103 Mid: 0.1107 | 21 Open: 0.1103 Close: 0.1104 Mid: 0.1104 | 22 Open: 0.1104 Close: 0.1107 Mid: 0.1105 | 23 |
24 | 25 Open: 0.1100 Close: 0.1101 Mid: 0.1106 | 26 Open: 0.1101 Close: 0.1098 Mid: 0.1101 | 27 Open: 0.1098 Close: 0.1094 Mid: 0.1097 | 28 Open: 0.1094 Close: 0.1098 Mid: 0.1098 | 29 Open: 0.1098 Close: 0.1095 Mid: 0.1097 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1096 Close: 0.1096 Mid: 0.1096 | 2 Open: 0.1096 Close: 0.1092 Mid: 0.1096 | 3 Open: 0.1092 Close: 0.1090 Mid: 0.1092 | 4 Open: 0.1090 Close: 0.1096 Mid: 0.1093 | 5 Open: 0.1096 Close: 0.1085 Mid: 0.1091 | 6 | |
7 | 8 Open: 0.1085 Close: 0.1075 Mid: 0.1081 | 9 Open: 0.1075 Close: 0.1080 Mid: 0.1076 | 10 Open: 0.1080 Close: 0.1073 Mid: 0.1077 | 11 Open: 0.1073 Close: 0.1073 Mid: 0.1075 | 12 Open: 0.1073 Close: 0.1086 Mid: 0.1082 | 13 |
14 | 15 Open: 0.1086 Close: 0.1084 Mid: 0.1083 | 16 Open: 0.1084 Close: 0.1103 Mid: 0.1094 | 17 Open: 0.1103 Close: 0.1099 Mid: 0.1100 | 18 Open: 0.1099 Close: 0.1104 Mid: 0.1105 | 19 Open: 0.1104 Close: 0.1106 Mid: 0.1132 | 20 |
21 | 22 Open: 0.1102 Close: 0.1107 Mid: 0.1105 | 23 Open: 0.1107 Close: 0.1095 Mid: 0.1105 | 24 Open: 0.1095 Close: 0.1099 Mid: 0.1097 | 25 Open: 0.1099 Close: 0.1105 Mid: 0.1106 | 26 Open: 0.1105 Close: 0.1084 Mid: 0.1098 | 27 |
28 | 29 Open: 0.1082 Close: 0.1088 Mid: 0.1090 | 30 Open: 0.1088 Close: 0.1086 Mid: 0.1085 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1086 Close: 0.1100 Mid: 0.1096 | 2 Open: 0.1100 Close: 0.1105 Mid: 0.1095 | 3 Open: 0.1105 Close: 0.1109 Mid: 0.1109 | 4 | |||
5 | 6 Open: 0.1112 Close: 0.1097 Mid: 0.1104 | 7 Open: 0.1097 Close: 0.1093 Mid: 0.1095 | 8 Open: 0.1093 Close: 0.1087 Mid: 0.1089 | 9 Open: 0.1087 Close: 0.1079 Mid: 0.1086 | 10 Open: 0.1079 Close: 0.1077 Mid: 0.1078 | 11 |
12 | 13 Open: 0.1078 Close: 0.1076 Mid: 0.1077 | 14 Open: 0.1076 Close: 0.1077 Mid: 0.1075 | 15 Open: 0.1077 Close: 0.1077 Mid: 0.1080 | 16 Open: 0.1077 Close: 0.1074 Mid: 0.1080 | 17 Open: 0.1074 Close: 0.1067 Mid: 0.1070 | 18 |
19 | 20 Open: 0.1067 Close: 0.1060 Mid: 0.1065 | 21 Open: 0.1060 Close: 0.1066 Mid: 0.1063 | 22 Open: 0.1066 Close: 0.1063 Mid: 0.1065 | 23 Open: 0.1063 Close: 0.1065 Mid: 0.1064 | 24 Open: 0.1065 Close: 0.1063 Mid: 0.1065 | 25 |
26 | 27 Open: 0.1063 Close: 0.1062 Mid: 0.1064 | 28 Open: 0.1062 Close: 0.1069 Mid: 0.1067 | 29 Open: 0.1069 Close: 0.1078 Mid: 0.1072 | 30 Open: 0.1078 Close: 0.1085 Mid: 0.1085 | 31 Open: 0.1085 Close: 0.1081 Mid: 0.1083 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.1078 Close: 0.1133 Mid: 0.1107 | 4 Open: 0.1133 Close: 0.1153 Mid: 0.1149 | 5 Open: 0.1153 Close: 0.1122 Mid: 0.1136 | 6 Open: 0.1122 Close: 0.1156 Mid: 0.1137 | 7 Open: 0.1156 Close: 0.1173 Mid: 0.1160 | 8 |
9 | 10 Open: 0.1171 Close: 0.1161 Mid: 0.1176 | 11 Open: 0.1161 Close: 0.1182 Mid: 0.1172 | 12 Open: 0.1182 Close: 0.1196 Mid: 0.1196 | 13 Open: 0.1196 Close: 0.1171 Mid: 0.1186 | 14 Open: 0.1171 Close: 0.1173 Mid: 0.1175 | 15 |
16 | 17 Open: 0.1176 Close: 0.1175 Mid: 0.1177 | 18 Open: 0.1175 Close: 0.1166 Mid: 0.1167 | 19 Open: 0.1166 Close: 0.1166 Mid: 0.1168 | 20 Open: 0.1166 Close: 0.1156 Mid: 0.1159 | 21 Open: 0.1156 Close: 0.1134 Mid: 0.1147 | 22 |
23 | 24 Open: 0.1136 Close: 0.1125 Mid: 0.1129 | 25 Open: 0.1125 Close: 0.1133 Mid: 0.1131 | 26 Open: 0.1133 Close: 0.1140 Mid: 0.1137 | 27 Open: 0.1140 Close: 0.1147 Mid: 0.1145 | 28 Open: 0.1147 Close: 0.1139 Mid: 0.1145 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1140 Close: 0.1138 Mid: 0.1139 | 2 Open: 0.1138 Close: 0.1131 Mid: 0.1136 | 3 Open: 0.1131 Close: 0.1124 Mid: 0.1128 | 4 Open: 0.1124 Close: 0.1122 Mid: 0.1124 | 5 Open: 0.1122 Close: 0.1126 Mid: 0.1126 | 6 | |
7 | 8 Open: 0.1126 Close: 0.1120 Mid: 0.1122 | 9 Open: 0.1120 Close: 0.1111 Mid: 0.1116 | 10 Open: 0.1111 Close: 0.1103 Mid: 0.1104 | 11 Open: 0.1103 Close: 0.1119 Mid: 0.1117 | 12 Open: 0.1119 Close: 0.1116 Mid: 0.1119 | 13 |
14 | 15 Open: 0.1118 Close: 0.1123 Mid: 0.1126 | 16 Open: 0.1123 Close: 0.1115 Mid: 0.1119 | 17 Open: 0.1115 Close: 0.1133 Mid: 0.1129 | 18 Open: 0.1133 Close: 0.1142 Mid: 0.1143 | 19 Open: 0.1142 Close: 0.1146 Mid: 0.1140 | 20 |
21 | 22 Open: 0.1144 Close: 0.1143 Mid: 0.1147 | 23 Open: 0.1143 Close: 0.1166 Mid: 0.1154 | 24 Open: 0.1166 Close: 0.1193 Mid: 0.1184 | 25 Open: 0.1193 Close: 0.1199 Mid: 0.1204 | 26 Open: 0.1199 Close: 0.1201 Mid: 0.1196 | 27 |
28 | 29 Open: 0.1200 Close: 0.1210 Mid: 0.1207 | 30 Open: 0.1210 Close: 0.1228 Mid: 0.1215 | 31 Open: 0.1228 Close: 0.1241 Mid: 0.1233 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1241 Close: 0.1263 Mid: 0.1243 | 2 Open: 0.1263 Close: 0.1309 Mid: 0.1286 | 3 | ||||
4 | 5 Open: 0.1304 Close: 0.1343 Mid: 0.1368 | 6 Open: 0.1343 Close: 0.1357 Mid: 0.1335 | 7 Open: 0.1357 Close: 0.1315 Mid: 0.1326 | 8 Open: 0.1315 Close: 0.1281 Mid: 0.1306 | 9 Open: 0.1281 Close: 0.1284 Mid: 0.1282 | 10 |
11 | 12 Open: 0.1282 Close: 0.1295 Mid: 0.1285 | 13 Open: 0.1296 Close: 0.1296 Mid: 0.1291 | 14 Open: 0.1296 Close: 0.1276 Mid: 0.1288 | 15 Open: 0.1276 Close: 0.1249 Mid: 0.1265 | 16 Open: 0.1249 Close: 0.1263 Mid: 0.1260 | 17 |
18 | 19 Open: 0.1264 Close: 0.1274 Mid: 0.1277 | 20 Open: 0.1274 Close: 0.1307 Mid: 0.1289 | 21 Open: 0.1307 Close: 0.1327 Mid: 0.1317 | 22 Open: 0.1327 Close: 0.1334 Mid: 0.1332 | 23 Open: 0.1334 Close: 0.1324 Mid: 0.1326 | 24 |
25 | 26 Open: 0.1323 Close: 0.1343 Mid: 0.1338 | 27 Open: 0.1343 Close: 0.1373 Mid: 0.1356 | 28 Open: 0.1373 Close: 0.1359 Mid: 0.1359 | 29 Open: 0.1359 Close: 0.1369 Mid: 0.1363 | 30 Open: 0.1369 Close: 0.1349 Mid: 0.1358 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.1343 Close: 0.1349 Mid: 0.1347 | 3 Open: 0.1349 Close: 0.1361 Mid: 0.1358 | 4 Open: 0.1361 Close: 0.1387 Mid: 0.1373 | 5 Open: 0.1387 Close: 0.1385 Mid: 0.1395 | 6 Open: 0.1385 Close: 0.1404 Mid: 0.1396 | 7 |
8 | 9 Open: 0.1401 Close: 0.1389 Mid: 0.1393 | 10 Open: 0.1389 Close: 0.1411 Mid: 0.1399 | 11 Open: 0.1411 Close: 0.1392 Mid: 0.1410 | 12 Open: 0.1392 Close: 0.1378 Mid: 0.1383 | 13 Open: 0.1378 Close: 0.1364 Mid: 0.1374 | 14 |
15 | 16 Open: 0.1364 Close: 0.1368 Mid: 0.1372 | 17 Open: 0.1368 Close: 0.1341 Mid: 0.1362 | 18 Open: 0.1341 Close: 0.1355 Mid: 0.1357 | 19 Open: 0.1355 Close: 0.1355 Mid: 0.1351 | 20 Open: 0.1355 Close: 0.1349 Mid: 0.1354 | 21 |
22 | 23 Open: 0.1350 Close: 0.1353 Mid: 0.1352 | 24 Open: 0.1353 Close: 0.1350 Mid: 0.1346 | 25 Open: 0.1350 Close: 0.1357 Mid: 0.1354 | 26 Open: 0.1357 Close: 0.1356 Mid: 0.1357 | 27 Open: 0.1356 Close: 0.1386 Mid: 0.1362 | 28 |
29 | 30 Open: 0.1388 Close: 0.1371 Mid: 0.1378 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1371 Close: 0.1367 Mid: 0.1367 | 2 Open: 0.1366 Close: 0.1325 Mid: 0.1345 | 3 Open: 0.1325 Close: 0.1317 Mid: 0.1320 | 4 Open: 0.1317 Close: 0.1296 Mid: 0.1304 | 5 | ||
6 | 7 Open: 0.1295 Close: 0.1301 Mid: 0.1299 | 8 Open: 0.1301 Close: 0.1307 Mid: 0.1308 | 9 Open: 0.1306 Close: 0.1306 Mid: 0.1306 | 10 Open: 0.1306 Close: 0.1310 Mid: 0.1311 | 11 Open: 0.1310 Close: 0.1293 Mid: 0.1302 | 12 |
13 | 14 Open: 0.1295 Close: 0.1294 Mid: 0.1292 | 15 Open: 0.1294 Close: 0.1320 Mid: 0.1309 | 16 Open: 0.1320 Close: 0.1329 Mid: 0.1325 | 17 Open: 0.1329 Close: 0.1321 Mid: 0.1331 | 18 Open: 0.1321 Close: 0.1330 Mid: 0.1321 | 19 |
20 | 21 Open: 0.1327 Close: 0.1324 Mid: 0.1333 | 22 Open: 0.1324 Close: 0.1321 Mid: 0.1318 | 23 Open: 0.1321 Close: 0.1299 Mid: 0.1310 | 24 Open: 0.1299 Close: 0.1305 Mid: 0.1305 | 25 Open: 0.1305 Close: 0.1312 Mid: 0.1311 | 26 |
27 | 28 Open: 0.1305 Close: 0.1308 Mid: 0.1308 | 29 Open: 0.1308 Close: 0.1308 Mid: 0.1309 | 30 Open: 0.1308 Close: 0.1314 Mid: 0.1313 | 31 Open: 0.1314 Close: 0.1318 Mid: 0.1316 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1318 Close: 0.1326 Mid: 0.1319 | 2 | |||||
3 | 4 Open: 0.1323 Close: 0.1322 Mid: 0.1322 | 5 Open: 0.1322 Close: 0.1326 Mid: 0.1330 | 6 Open: 0.1326 Close: 0.1299 Mid: 0.1326 | 7 Open: 0.1299 Close: 0.1295 Mid: 0.1301 | 8 Open: 0.1295 Close: 0.1322 Mid: 0.1309 | 9 |
10 | 11 Open: 0.1320 Close: 0.1323 Mid: 0.1326 | 12 Open: 0.1323 Close: 0.1331 Mid: 0.1328 | 13 Open: 0.1331 Close: 0.1320 Mid: 0.1327 | 14 Open: 0.1320 Close: 0.1306 Mid: 0.1316 | 15 Open: 0.1306 Close: 0.1319 Mid: 0.1315 | 16 |
17 | 18 Open: 0.1321 Close: 0.1307 Mid: 0.1317 | 19 Open: 0.1307 Close: 0.1300 Mid: 0.1313 | 20 Open: 0.1300 Close: 0.1304 Mid: 0.1301 | 21 Open: 0.1304 Close: 0.1321 Mid: 0.1315 | 22 Open: 0.1321 Close: 0.1320 Mid: 0.1322 | 23 |
24 | 25 Open: 0.1323 Close: 0.1317 Mid: 0.1318 | 26 Open: 0.1317 Close: 0.1349 Mid: 0.1338 | 27 Open: 0.1349 Close: 0.1363 Mid: 0.1362 | 28 Open: 0.1363 Close: 0.1348 Mid: 0.1347 | 29 Open: 0.1348 Close: 0.1361 Mid: 0.1354 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.1361 Close: 0.1364 Mid: 0.1366 | 3 Open: 0.1364 Close: 0.1358 Mid: 0.1363 | 4 Open: 0.1358 Close: 0.1348 Mid: 0.1354 | 5 Open: 0.1348 Close: 0.1346 Mid: 0.1348 | 6 Open: 0.1346 Close: 0.1346 Mid: 0.1345 | 7 |
8 | 9 Open: 0.1343 Close: 0.1339 Mid: 0.1342 | 10 Open: 0.1339 Close: 0.1327 Mid: 0.1335 | 11 Open: 0.1327 Close: 0.1321 Mid: 0.1329 | 12 Open: 0.1321 Close: 0.1324 Mid: 0.1324 | 13 Open: 0.1324 Close: 0.1310 Mid: 0.1318 | 14 |
15 | 16 Open: 0.1307 Close: 0.1306 Mid: 0.1310 | 17 Open: 0.1306 Close: 0.1314 Mid: 0.1314 | 18 Open: 0.1315 Close: 0.1315 Mid: 0.1313 | 19 Open: 0.1315 Close: 0.1290 Mid: 0.1304 | 20 Open: 0.1290 Close: 0.1283 Mid: 0.1289 | 21 |
22 | 23 Open: 0.1283 Close: 0.1283 Mid: 0.1284 | 24 Open: 0.1283 Close: 0.1283 Mid: 0.1283 | 25 Open: 0.1283 Close: 0.1283 Mid: 0.1283 | 26 Open: 0.1283 Close: 0.1281 Mid: 0.1282 | 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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