Best Japanese Yen / Norwegian Krone Exchange Rate Today: 0.0722
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.0720, and the most competitive travel money / cash rates start at approximately 0.0716.
Live rate: 1 JPY = 0.0722 NOK (-0.01% )
Inverted: 1 NOK = 13.8504 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 | 0.0722 | 0 | 0.0715 | |||
 | 0.0720 (indicative) | 0 | 0.0720 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.0717 (indicative) | 0 | 0.0717 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.0722 | 25.8% | 0.0536 | 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. | |
 | 0.0716 | 0 | 0.0716 | 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  | 0.0702 (upper range) | Variable | 0.0702 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.0697 (lower range) | Variable | 0.0697 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.0690 | 0 | 0.0690 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0722 Close: 0.0722 Mid: 0.0722 | 2 Open: 0.0722 Close: 0.0729 Mid: 0.0723 | 3 Open: 0.0729 Close: 0.0722 Mid: 0.0725 | 4 Open: 0.0722 Close: 0.0712 Mid: 0.0718 | 5 Open: 0.0712 Close: 0.0713 Mid: 0.0712 | 6 | |
7 | 8 Open: 0.0714 Close: 0.0719 Mid: 0.0718 | 9 Open: 0.0719 Close: 0.0718 Mid: 0.0720 | 10 Open: 0.0717 Close: 0.0710 Mid: 0.0713 | 11 Open: 0.0710 Close: 0.0710 Mid: 0.0709 | 12 Open: 0.0710 Close: 0.0710 Mid: 0.0710 | 13 |
14 | 15 Open: 0.0709 Close: 0.0711 Mid: 0.0710 | 16 Open: 0.0710 Close: 0.0711 Mid: 0.0711 | 17 Open: 0.0711 Close: 0.0709 Mid: 0.0710 | 18 Open: 0.0709 Close: 0.0711 Mid: 0.0711 | 19 Open: 0.0711 Close: 0.0708 Mid: 0.0708 | 20 |
21 | 22 Open: 0.0707 Close: 0.0710 Mid: 0.0710 | 23 Open: 0.0710 Close: 0.0708 Mid: 0.0710 | 24 Open: 0.0708 Close: 0.0710 Mid: 0.0710 | 25 Open: 0.0710 Close: 0.0707 Mid: 0.0709 | 26 Open: 0.0707 Close: 0.0703 Mid: 0.0706 | 27 |
28 | 29 Open: 0.0704 Close: 0.0707 Mid: 0.0706 | 30 Open: 0.0707 Close: 0.0707 Mid: 0.0708 | 31 Open: 0.0707 Close: 0.0715 Mid: 0.0711 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0715 Close: 0.0713 Mid: 0.0716 | 2 Open: 0.0713 Close: 0.0715 Mid: 0.0715 | 3 | ||||
4 | 5 Open: 0.0715 Close: 0.0719 Mid: 0.0717 | 6 Open: 0.0719 Close: 0.0716 Mid: 0.0718 | 7 Open: 0.0715 Close: 0.0714 Mid: 0.0716 | 8 Open: 0.0714 Close: 0.0711 Mid: 0.0713 | 9 Open: 0.0711 Close: 0.0706 Mid: 0.0709 | 10 |
11 | 12 Open: 0.0708 Close: 0.0703 Mid: 0.0706 | 13 Open: 0.0703 Close: 0.0708 Mid: 0.0706 | 14 Open: 0.0708 Close: 0.0703 Mid: 0.0706 | 15 Open: 0.0703 Close: 0.0702 Mid: 0.0704 | 16 Open: 0.0702 Close: 0.0700 Mid: 0.0701 | 17 |
18 | 19 Open: 0.0701 Close: 0.0698 Mid: 0.0700 | 20 Open: 0.0698 Close: 0.0699 Mid: 0.0699 | 21 Open: 0.0699 Close: 0.0698 Mid: 0.0699 | 22 Open: 0.0697 Close: 0.0698 Mid: 0.0697 | 23 Open: 0.0698 Close: 0.0700 Mid: 0.0699 | 24 |
25 | 26 Open: 0.0700 Close: 0.0697 Mid: 0.0700 | 27 Open: 0.0697 Close: 0.0700 Mid: 0.0700 | 28 Open: 0.0700 Close: 0.0703 Mid: 0.0703 | 29 Open: 0.0703 Close: 0.0708 Mid: 0.0707 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0708 Close: 0.0701 Mid: 0.0704 | 2 | |||||
3 | 4 Open: 0.0702 Close: 0.0702 Mid: 0.0702 | 5 Open: 0.0702 Close: 0.0705 Mid: 0.0704 | 6 Open: 0.0705 Close: 0.0702 Mid: 0.0705 | 7 Open: 0.0702 Close: 0.0703 Mid: 0.0705 | 8 Open: 0.0703 Close: 0.0709 Mid: 0.0707 | 9 |
10 | 11 Open: 0.0711 Close: 0.0712 Mid: 0.0712 | 12 Open: 0.0712 Close: 0.0712 Mid: 0.0711 | 13 Open: 0.0712 Close: 0.0709 Mid: 0.0711 | 14 Open: 0.0709 Close: 0.0712 Mid: 0.0711 | 15 Open: 0.0712 Close: 0.0712 Mid: 0.0713 | 16 |
17 | 18 Open: 0.0706 Close: 0.0714 Mid: 0.0711 | 19 Open: 0.0714 Close: 0.0706 Mid: 0.0710 | 20 Open: 0.0706 Close: 0.0699 Mid: 0.0703 | 21 Open: 0.0699 Close: 0.0704 Mid: 0.0701 | 22 Open: 0.0704 Close: 0.0710 Mid: 0.0707 | 23 |
24 | 25 Open: 0.0709 Close: 0.0708 Mid: 0.0710 | 26 Open: 0.0708 Close: 0.0710 Mid: 0.0708 | 27 Open: 0.0710 Close: 0.0713 Mid: 0.0711 | 28 Open: 0.0713 Close: 0.0717 Mid: 0.0716 | 29 Open: 0.0717 Close: 0.0716 Mid: 0.0718 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0715 Close: 0.0722 Mid: 0.0719 | 2 Open: 0.0722 Close: 0.0715 Mid: 0.0720 | 3 Open: 0.0715 Close: 0.0707 Mid: 0.0711 | 4 Open: 0.0707 Close: 0.0709 Mid: 0.0708 | 5 Open: 0.0709 Close: 0.0707 Mid: 0.0710 | 6 | |
7 | 8 Open: 0.0707 Close: 0.0704 Mid: 0.0706 | 9 Open: 0.0704 Close: 0.0703 Mid: 0.0703 | 10 Open: 0.0703 Close: 0.0707 Mid: 0.0706 | 11 Open: 0.0707 Close: 0.0706 Mid: 0.0708 | 12 Open: 0.0706 Close: 0.0711 Mid: 0.0711 | 13 |
14 | 15 Open: 0.0711 Close: 0.0709 Mid: 0.0710 | 16 Open: 0.0709 Close: 0.0710 Mid: 0.0711 | 17 Open: 0.0710 Close: 0.0713 Mid: 0.0713 | 18 Open: 0.0713 Close: 0.0715 Mid: 0.0713 | 19 Open: 0.0715 Close: 0.0712 Mid: 0.0715 | 20 |
21 | 22 Open: 0.0712 Close: 0.0710 Mid: 0.0713 | 23 Open: 0.0710 Close: 0.0705 Mid: 0.0709 | 24 Open: 0.0705 Close: 0.0707 Mid: 0.0706 | 25 Open: 0.0707 Close: 0.0704 Mid: 0.0706 | 26 Open: 0.0704 Close: 0.0697 Mid: 0.0702 | 27 |
28 | 29 Open: 0.0695 Close: 0.0703 Mid: 0.0700 | 30 Open: 0.0703 Close: 0.0704 Mid: 0.0704 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0704 Close: 0.0714 Mid: 0.0712 | 2 Open: 0.0714 Close: 0.0716 Mid: 0.0714 | 3 Open: 0.0716 Close: 0.0711 Mid: 0.0714 | 4 | |||
5 | 6 Open: 0.0710 Close: 0.0704 Mid: 0.0707 | 7 Open: 0.0704 Close: 0.0705 Mid: 0.0704 | 8 Open: 0.0705 Close: 0.0701 Mid: 0.0704 | 9 Open: 0.0701 Close: 0.0698 Mid: 0.0701 | 10 Open: 0.0698 Close: 0.0696 Mid: 0.0697 | 11 |
12 | 13 Open: 0.0699 Close: 0.0692 Mid: 0.0696 | 14 Open: 0.0692 Close: 0.0691 Mid: 0.0691 | 15 Open: 0.0691 Close: 0.0689 Mid: 0.0691 | 16 Open: 0.0689 Close: 0.0688 Mid: 0.0691 | 17 Open: 0.0688 Close: 0.0686 Mid: 0.0688 | 18 |
19 | 20 Open: 0.0686 Close: 0.0685 Mid: 0.0686 | 21 Open: 0.0685 Close: 0.0683 Mid: 0.0684 | 22 Open: 0.0683 Close: 0.0683 Mid: 0.0683 | 23 Open: 0.0683 Close: 0.0680 Mid: 0.0680 | 24 Open: 0.0680 Close: 0.0674 Mid: 0.0677 | 25 |
26 | 27 Open: 0.0675 Close: 0.0669 Mid: 0.0673 | 28 Open: 0.0669 Close: 0.0669 Mid: 0.0669 | 29 Open: 0.0669 Close: 0.0672 Mid: 0.0670 | 30 Open: 0.0672 Close: 0.0673 Mid: 0.0674 | 31 Open: 0.0673 Close: 0.0667 Mid: 0.0670 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.0668 Close: 0.0670 Mid: 0.0669 | 4 Open: 0.0670 Close: 0.0682 Mid: 0.0677 | 5 Open: 0.0682 Close: 0.0678 Mid: 0.0680 | 6 Open: 0.0678 Close: 0.0678 Mid: 0.0678 | 7 Open: 0.0678 Close: 0.0683 Mid: 0.0681 | 8 |
9 | 10 Open: 0.0683 Close: 0.0678 Mid: 0.0683 | 11 Open: 0.0678 Close: 0.0681 Mid: 0.0680 | 12 Open: 0.0681 Close: 0.0675 Mid: 0.0677 | 13 Open: 0.0675 Close: 0.0678 Mid: 0.0676 | 14 Open: 0.0678 Close: 0.0678 Mid: 0.0678 | 15 |
16 | 17 Open: 0.0679 Close: 0.0676 Mid: 0.0680 | 18 Open: 0.0676 Close: 0.0670 Mid: 0.0674 | 19 Open: 0.0670 Close: 0.0668 Mid: 0.0670 | 20 Open: 0.0668 Close: 0.0664 Mid: 0.0666 | 21 Open: 0.0664 Close: 0.0662 Mid: 0.0664 | 22 |
23 | 24 Open: 0.0661 Close: 0.0660 Mid: 0.0663 | 25 Open: 0.0660 Close: 0.0665 Mid: 0.0663 | 26 Open: 0.0665 Close: 0.0664 Mid: 0.0665 | 27 Open: 0.0664 Close: 0.0663 Mid: 0.0664 | 28 Open: 0.0663 Close: 0.0664 Mid: 0.0664 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0663 Close: 0.0660 Mid: 0.0661 | 2 Open: 0.0660 Close: 0.0661 Mid: 0.0662 | 3 Open: 0.0661 Close: 0.0653 Mid: 0.0657 | 4 Open: 0.0653 Close: 0.0655 Mid: 0.0655 | 5 Open: 0.0655 Close: 0.0655 Mid: 0.0657 | 6 | |
7 | 8 Open: 0.0659 Close: 0.0660 Mid: 0.0659 | 9 Open: 0.0659 Close: 0.0657 Mid: 0.0659 | 10 Open: 0.0657 Close: 0.0663 Mid: 0.0660 | 11 Open: 0.0663 Close: 0.0674 Mid: 0.0672 | 12 Open: 0.0674 Close: 0.0679 Mid: 0.0677 | 13 |
14 | 15 Open: 0.0679 Close: 0.0684 Mid: 0.0683 | 16 Open: 0.0684 Close: 0.0681 Mid: 0.0683 | 17 Open: 0.0681 Close: 0.0686 Mid: 0.0685 | 18 Open: 0.0686 Close: 0.0687 Mid: 0.0689 | 19 Open: 0.0687 Close: 0.0693 Mid: 0.0690 | 20 |
21 | 22 Open: 0.0692 Close: 0.0698 Mid: 0.0698 | 23 Open: 0.0698 Close: 0.0708 Mid: 0.0704 | 24 Open: 0.0708 Close: 0.0717 Mid: 0.0714 | 25 Open: 0.0717 Close: 0.0717 Mid: 0.0722 | 26 Open: 0.0717 Close: 0.0717 Mid: 0.0714 | 27 |
28 | 29 Open: 0.0718 Close: 0.0714 Mid: 0.0715 | 30 Open: 0.0714 Close: 0.0717 Mid: 0.0714 | 31 Open: 0.0717 Close: 0.0727 Mid: 0.0720 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0727 Close: 0.0733 Mid: 0.0729 | 2 Open: 0.0733 Close: 0.0747 Mid: 0.0740 | 3 | ||||
4 | 5 Open: 0.0744 Close: 0.0764 Mid: 0.0765 | 6 Open: 0.0764 Close: 0.0757 Mid: 0.0755 | 7 Open: 0.0757 Close: 0.0737 Mid: 0.0742 | 8 Open: 0.0737 Close: 0.0736 Mid: 0.0739 | 9 Open: 0.0736 Close: 0.0737 Mid: 0.0737 | 10 |
11 | 12 Open: 0.0737 Close: 0.0734 Mid: 0.0732 | 13 Open: 0.0734 Close: 0.0731 Mid: 0.0732 | 14 Open: 0.0731 Close: 0.0727 Mid: 0.0729 | 15 Open: 0.0727 Close: 0.0720 Mid: 0.0723 | 16 Open: 0.0720 Close: 0.0723 Mid: 0.0725 | 17 |
18 | 19 Open: 0.0722 Close: 0.0720 Mid: 0.0725 | 20 Open: 0.0720 Close: 0.0722 Mid: 0.0720 | 21 Open: 0.0722 Close: 0.0723 Mid: 0.0721 | 22 Open: 0.0723 Close: 0.0725 Mid: 0.0724 | 23 Open: 0.0725 Close: 0.0725 Mid: 0.0726 | 24 |
25 | 26 Open: 0.0727 Close: 0.0730 Mid: 0.0730 | 27 Open: 0.0730 Close: 0.0727 Mid: 0.0728 | 28 Open: 0.0727 Close: 0.0727 Mid: 0.0728 | 29 Open: 0.0727 Close: 0.0724 Mid: 0.0726 | 30 Open: 0.0724 Close: 0.0726 Mid: 0.0726 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0723 Close: 0.0720 Mid: 0.0723 | 3 Open: 0.0720 Close: 0.0735 Mid: 0.0729 | 4 Open: 0.0735 Close: 0.0740 Mid: 0.0738 | 5 Open: 0.0740 Close: 0.0741 Mid: 0.0740 | 6 Open: 0.0741 Close: 0.0753 Mid: 0.0746 | 7 |
8 | 9 Open: 0.0753 Close: 0.0757 Mid: 0.0755 | 10 Open: 0.0757 Close: 0.0761 Mid: 0.0757 | 11 Open: 0.0761 Close: 0.0762 Mid: 0.0766 | 12 Open: 0.0762 Close: 0.0756 Mid: 0.0759 | 13 Open: 0.0756 Close: 0.0757 Mid: 0.0757 | 14 |
15 | 16 Open: 0.0759 Close: 0.0753 Mid: 0.0758 | 17 Open: 0.0753 Close: 0.0745 Mid: 0.0750 | 18 Open: 0.0745 Close: 0.0744 Mid: 0.0747 | 19 Open: 0.0744 Close: 0.0736 Mid: 0.0738 | 20 Open: 0.0736 Close: 0.0729 Mid: 0.0734 | 21 |
22 | 23 Open: 0.0729 Close: 0.0730 Mid: 0.0730 | 24 Open: 0.0730 Close: 0.0726 Mid: 0.0727 | 25 Open: 0.0726 Close: 0.0730 Mid: 0.0728 | 26 Open: 0.0730 Close: 0.0727 Mid: 0.0730 | 27 Open: 0.0727 Close: 0.0738 Mid: 0.0731 | 28 |
29 | 30 Open: 0.0740 Close: 0.0734 Mid: 0.0738 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0734 Close: 0.0739 Mid: 0.0736 | 2 Open: 0.0739 Close: 0.0722 Mid: 0.0730 | 3 Open: 0.0722 Close: 0.0722 Mid: 0.0721 | 4 Open: 0.0722 Close: 0.0717 Mid: 0.0721 | 5 | ||
6 | 7 Open: 0.0718 Close: 0.0718 Mid: 0.0718 | 8 Open: 0.0718 Close: 0.0722 Mid: 0.0722 | 9 Open: 0.0722 Close: 0.0722 Mid: 0.0724 | 10 Open: 0.0722 Close: 0.0722 Mid: 0.0725 | 11 Open: 0.0723 Close: 0.0717 Mid: 0.0721 | 12 |
13 | 14 Open: 0.0720 Close: 0.0721 Mid: 0.0719 | 15 Open: 0.0721 Close: 0.0725 Mid: 0.0724 | 16 Open: 0.0725 Close: 0.0730 Mid: 0.0727 | 17 Open: 0.0730 Close: 0.0727 Mid: 0.0730 | 18 Open: 0.0727 Close: 0.0731 Mid: 0.0728 | 19 |
20 | 21 Open: 0.0730 Close: 0.0726 Mid: 0.0729 | 22 Open: 0.0726 Close: 0.0723 Mid: 0.0725 | 23 Open: 0.0723 Close: 0.0720 Mid: 0.0722 | 24 Open: 0.0720 Close: 0.0721 Mid: 0.0721 | 25 Open: 0.0721 Close: 0.0720 Mid: 0.0721 | 26 |
27 | 28 Open: 0.0714 Close: 0.0718 Mid: 0.0718 | 29 Open: 0.0718 Close: 0.0715 Mid: 0.0716 | 30 Open: 0.0715 Close: 0.0715 Mid: 0.0716 | 31 Open: 0.0715 Close: 0.0724 Mid: 0.0722 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0724 Close: 0.0723 Mid: 0.0723 | 2 | |||||
3 | 4 Open: 0.0722 Close: 0.0723 Mid: 0.0723 | 5 Open: 0.0723 Close: 0.0722 Mid: 0.0723 | 6 Open: 0.0722 Close: 0.0716 Mid: 0.0721 | 7 Open: 0.0716 Close: 0.0710 Mid: 0.0713 | 8 Open: 0.0710 Close: 0.0721 Mid: 0.0717 | 9 |
10 | 11 Open: 0.0721 Close: 0.0718 Mid: 0.0720 | 12 Open: 0.0718 Close: 0.0716 Mid: 0.0718 | 13 Open: 0.0716 Close: 0.0716 Mid: 0.0716 | 14 Open: 0.0716 Close: 0.0714 Mid: 0.0713 | 15 Open: 0.0714 Close: 0.0718 Mid: 0.0716 | 16 |
17 | 18 Open: 0.0721 Close: 0.0711 Mid: 0.0717 | 19 Open: 0.0711 Close: 0.0710 Mid: 0.0715 | 20 Open: 0.0710 Close: 0.0712 Mid: 0.0709 | 21 Open: 0.0712 Close: 0.0716 Mid: 0.0714 | 22 Open: 0.0716 Close: 0.0715 Mid: 0.0719 | 23 |
24 | 25 Open: 0.0716 Close: 0.0719 Mid: 0.0717 | 26 Open: 0.0719 Close: 0.0729 Mid: 0.0725 | 27 Open: 0.0729 Close: 0.0732 Mid: 0.0731 | 28 Open: 0.0732 Close: 0.0728 Mid: 0.0731 | 29 Open: 0.0728 Close: 0.0738 Mid: 0.0735 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0736 Close: 0.0742 Mid: 0.0742 | 3 Open: 0.0742 Close: 0.0740 Mid: 0.0741 | 4 Open: 0.0740 Close: 0.0734 Mid: 0.0736 | 5 Open: 0.0734 Close: 0.0735 Mid: 0.0736 | 6 Open: 0.0735 Close: 0.0744 Mid: 0.0739 | 7 |
8 | 9 Open: 0.0742 Close: 0.0736 Mid: 0.0740 | 10 Open: 0.0736 Close: 0.0734 Mid: 0.0734 | 11 Open: 0.0734 Close: 0.0731 Mid: 0.0735 | 12 Open: 0.0731 Close: 0.0732 Mid: 0.0731 | 13 Open: 0.0732 Close: 0.0725 Mid: 0.0729 | 14 |
15 | 16 Open: 0.0724 Close: 0.0724 Mid: 0.0725 | 17 Open: 0.0724 Close: 0.0729 Mid: 0.0727 | 18 Open: 0.0729 Close: 0.0736 Mid: 0.0732 | 19 Open: 0.0736 Close: 0.0727 Mid: 0.0729 | 20 Open: 0.0727 Close: 0.0724 Mid: 0.0728 | 21 |
22 | 23 Open: 0.0723 Close: 0.0722 Mid: 0.0724 | 24 Open: 0.0722 Close: 0.0724 Mid: 0.0724 | 25 Open: 0.0722 Close: 0.0724 Mid: 0.0724 | 26 Open: 0.0724 Close: 0.0722 Mid: 0.0723 | 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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