Best Japanese Yen / Philippine Peso Exchange Rate Today: 0.3684
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.3673, and the most competitive travel money / cash rates start at approximately 0.3651.
Live rate: 1 JPY = 0.3684 PHP (-1.5237% )
Inverted: 1 PHP = 2.7144 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 | 0.3684 | 0 | 0.3647 | |||
 | 0.3673 (indicative) | 0 | 0.3673 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.3658 (indicative) | 0 | 0.3658 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.3684 | 24.6% | 0.2778 | 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. | |
 | 0.3651 | 0 | 0.3651 | 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  | 0.3581 (upper range) | Variable | 0.3581 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3555 (lower range) | Variable | 0.3555 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3518 | 0 | 0.3518 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3920 Close: 0.3929 Mid: 0.3926 | 2 Open: 0.3932 Close: 0.3916 Mid: 0.3927 | 3 Open: 0.3916 Close: 0.3892 Mid: 0.3903 | 4 Open: 0.3891 Close: 0.3842 Mid: 0.3865 | 5 Open: 0.3842 Close: 0.3837 Mid: 0.3832 | 6 | |
7 | 8 Open: 0.3835 Close: 0.3868 Mid: 0.3860 | 9 Open: 0.3867 Close: 0.3884 Mid: 0.3885 | 10 Open: 0.3884 Close: 0.3850 Mid: 0.3873 | 11 Open: 0.3851 Close: 0.3856 Mid: 0.3848 | 12 Open: 0.3856 Close: 0.3851 Mid: 0.3855 | 13 |
14 | 15 Open: 0.3848 Close: 0.3824 Mid: 0.3841 | 16 Open: 0.3825 Close: 0.3801 Mid: 0.3816 | 17 Open: 0.3800 Close: 0.3776 Mid: 0.3787 | 18 Open: 0.3778 Close: 0.3769 Mid: 0.3773 | 19 Open: 0.3768 Close: 0.3773 Mid: 0.3774 | 20 |
21 | 22 Open: 0.3771 Close: 0.3802 Mid: 0.3798 | 23 Open: 0.3803 Close: 0.3797 Mid: 0.3800 | 24 Open: 0.3798 Close: 0.3812 Mid: 0.3813 | 25 Open: 0.3812 Close: 0.3820 Mid: 0.3831 | 26 Open: 0.3822 Close: 0.3802 Mid: 0.3812 | 27 |
28 | 29 Open: 0.3804 Close: 0.3822 Mid: 0.3815 | 30 Open: 0.3823 Close: 0.3817 Mid: 0.3825 | 31 Open: 0.3817 Close: 0.3823 Mid: 0.3823 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3824 Close: 0.3826 Mid: 0.3825 | 2 Open: 0.3824 Close: 0.3785 Mid: 0.3800 | 3 | ||||
4 | 5 Open: 0.3779 Close: 0.3789 Mid: 0.3791 | 6 Open: 0.3788 Close: 0.3794 Mid: 0.3785 | 7 Open: 0.3794 Close: 0.3781 Mid: 0.3783 | 8 Open: 0.3781 Close: 0.3747 Mid: 0.3760 | 9 Open: 0.3748 Close: 0.3754 Mid: 0.3747 | 10 |
11 | 12 Open: 0.3755 Close: 0.3745 Mid: 0.3758 | 13 Open: 0.3745 Close: 0.3727 Mid: 0.3739 | 14 Open: 0.3726 Close: 0.3725 Mid: 0.3730 | 15 Open: 0.3725 Close: 0.3726 Mid: 0.3730 | 16 Open: 0.3728 Close: 0.3725 Mid: 0.3724 | 17 |
18 | 19 Open: 0.3724 Close: 0.3731 Mid: 0.3736 | 20 Open: 0.3731 Close: 0.3729 Mid: 0.3732 | 21 Open: 0.3729 Close: 0.3722 Mid: 0.3727 | 22 Open: 0.3721 Close: 0.3708 Mid: 0.3710 | 23 Open: 0.3708 Close: 0.3717 Mid: 0.3714 | 24 |
25 | 26 Open: 0.3716 Close: 0.3719 Mid: 0.3724 | 27 Open: 0.3719 Close: 0.3726 Mid: 0.3730 | 28 Open: 0.3727 Close: 0.3733 Mid: 0.3727 | 29 Open: 0.3733 Close: 0.3745 Mid: 0.3741 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3745 Close: 0.3732 Mid: 0.3731 | 2 | |||||
3 | 4 Open: 0.3738 Close: 0.3720 Mid: 0.3732 | 5 Open: 0.3720 Close: 0.3730 Mid: 0.3728 | 6 Open: 0.3730 Close: 0.3734 Mid: 0.3730 | 7 Open: 0.3734 Close: 0.3768 Mid: 0.3765 | 8 Open: 0.3768 Close: 0.3774 Mid: 0.3762 | 9 |
10 | 11 Open: 0.3783 Close: 0.3768 Mid: 0.3788 | 12 Open: 0.3768 Close: 0.3756 Mid: 0.3758 | 13 Open: 0.3756 Close: 0.3747 Mid: 0.3750 | 14 Open: 0.3747 Close: 0.3743 Mid: 0.3746 | 15 Open: 0.3743 Close: 0.3732 Mid: 0.3739 | 16 |
17 | 18 Open: 0.3728 Close: 0.3733 Mid: 0.3730 | 19 Open: 0.3733 Close: 0.3701 Mid: 0.3729 | 20 Open: 0.3701 Close: 0.3706 Mid: 0.3703 | 21 Open: 0.3706 Close: 0.3694 Mid: 0.3713 | 22 Open: 0.3694 Close: 0.3725 Mid: 0.3712 | 23 |
24 | 25 Open: 0.3709 Close: 0.3719 Mid: 0.3705 | 26 Open: 0.3719 Close: 0.3712 Mid: 0.3717 | 27 Open: 0.3712 Close: 0.3721 Mid: 0.3719 | 28 Open: 0.3721 Close: 0.3713 Mid: 0.3720 | 29 Open: 0.3713 Close: 0.3711 Mid: 0.3712 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3706 Close: 0.3706 Mid: 0.3711 | 2 Open: 0.3706 Close: 0.3717 Mid: 0.3714 | 3 Open: 0.3717 Close: 0.3719 Mid: 0.3718 | 4 Open: 0.3719 Close: 0.3745 Mid: 0.3731 | 5 Open: 0.3745 Close: 0.3733 Mid: 0.3737 | 6 | |
7 | 8 Open: 0.3732 Close: 0.3724 Mid: 0.3726 | 9 Open: 0.3723 Close: 0.3710 Mid: 0.3714 | 10 Open: 0.3710 Close: 0.3690 Mid: 0.3700 | 11 Open: 0.3690 Close: 0.3682 Mid: 0.3688 | 12 Open: 0.3682 Close: 0.3695 Mid: 0.3696 | 13 |
14 | 15 Open: 0.3690 Close: 0.3691 Mid: 0.3693 | 16 Open: 0.3691 Close: 0.3687 Mid: 0.3689 | 17 Open: 0.3687 Close: 0.3705 Mid: 0.3701 | 18 Open: 0.3705 Close: 0.3704 Mid: 0.3701 | 19 Open: 0.3704 Close: 0.3722 Mid: 0.3731 | 20 |
21 | 22 Open: 0.3713 Close: 0.3717 Mid: 0.3721 | 23 Open: 0.3718 Close: 0.3707 Mid: 0.3712 | 24 Open: 0.3707 Close: 0.3721 Mid: 0.3716 | 25 Open: 0.3721 Close: 0.3706 Mid: 0.3722 | 26 Open: 0.3707 Close: 0.3642 Mid: 0.3681 | 27 |
28 | 29 Open: 0.3639 Close: 0.3686 Mid: 0.3668 | 30 Open: 0.3686 Close: 0.3663 Mid: 0.3674 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3663 Close: 0.3734 Mid: 0.3711 | 2 Open: 0.3734 Close: 0.3740 Mid: 0.3719 | 3 Open: 0.3740 Close: 0.3731 Mid: 0.3743 | 4 | |||
5 | 6 Open: 0.3729 Close: 0.3719 Mid: 0.3726 | 7 Open: 0.3719 Close: 0.3698 Mid: 0.3709 | 8 Open: 0.3698 Close: 0.3689 Mid: 0.3695 | 9 Open: 0.3689 Close: 0.3686 Mid: 0.3684 | 10 Open: 0.3686 Close: 0.3698 Mid: 0.3693 | 11 |
12 | 13 Open: 0.3700 Close: 0.3701 Mid: 0.3701 | 14 Open: 0.3701 Close: 0.3691 Mid: 0.3696 | 15 Open: 0.3691 Close: 0.3709 Mid: 0.3698 | 16 Open: 0.3710 Close: 0.3702 Mid: 0.3715 | 17 Open: 0.3702 Close: 0.3709 Mid: 0.3703 | 18 |
19 | 20 Open: 0.3708 Close: 0.3715 Mid: 0.3715 | 21 Open: 0.3716 Close: 0.3723 Mid: 0.3723 | 22 Open: 0.3723 Close: 0.3706 Mid: 0.3719 | 23 Open: 0.3706 Close: 0.3714 Mid: 0.3712 | 24 Open: 0.3714 Close: 0.3707 Mid: 0.3706 | 25 |
26 | 27 Open: 0.3706 Close: 0.3704 Mid: 0.3706 | 28 Open: 0.3704 Close: 0.3694 Mid: 0.3703 | 29 Open: 0.3694 Close: 0.3714 Mid: 0.3711 | 30 Open: 0.3714 Close: 0.3728 Mid: 0.3743 | 31 Open: 0.3728 Close: 0.3720 Mid: 0.3728 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.3720 Close: 0.3759 Mid: 0.3764 | 4 Open: 0.3759 Close: 0.3799 Mid: 0.3781 | 5 Open: 0.3799 Close: 0.3761 Mid: 0.3779 | 6 Open: 0.3761 Close: 0.3766 Mid: 0.3763 | 7 Open: 0.3766 Close: 0.3749 Mid: 0.3759 | 8 |
9 | 10 Open: 0.3751 Close: 0.3744 Mid: 0.3743 | 11 Open: 0.3744 Close: 0.3739 Mid: 0.3740 | 12 Open: 0.3739 Close: 0.3732 Mid: 0.3737 | 13 Open: 0.3732 Close: 0.3735 Mid: 0.3734 | 14 Open: 0.3735 Close: 0.3731 Mid: 0.3726 | 15 |
16 | 17 Open: 0.3729 Close: 0.3718 Mid: 0.3725 | 18 Open: 0.3718 Close: 0.3716 Mid: 0.3716 | 19 Open: 0.3716 Close: 0.3718 Mid: 0.3718 | 20 Open: 0.3718 Close: 0.3702 Mid: 0.3716 | 21 Open: 0.3702 Close: 0.3682 Mid: 0.3697 | 22 |
23 | 24 Open: 0.3684 Close: 0.3683 Mid: 0.3686 | 25 Open: 0.3683 Close: 0.3679 Mid: 0.3685 | 26 Open: 0.3678 Close: 0.3666 Mid: 0.3675 | 27 Open: 0.3666 Close: 0.3647 Mid: 0.3661 | 28 Open: 0.3647 Close: 0.3631 Mid: 0.3642 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3642 Close: 0.3635 Mid: 0.3641 | 2 Open: 0.3635 Close: 0.3641 Mid: 0.3641 | 3 Open: 0.3641 Close: 0.3627 Mid: 0.3638 | 4 Open: 0.3627 Close: 0.3631 Mid: 0.3632 | 5 Open: 0.3631 Close: 0.3639 Mid: 0.3640 | 6 | |
7 | 8 Open: 0.3647 Close: 0.3641 Mid: 0.3643 | 9 Open: 0.3639 Close: 0.3628 Mid: 0.3631 | 10 Open: 0.3628 Close: 0.3604 Mid: 0.3604 | 11 Open: 0.3605 Close: 0.3666 Mid: 0.3645 | 12 Open: 0.3666 Close: 0.3699 Mid: 0.3683 | 13 |
14 | 15 Open: 0.3704 Close: 0.3696 Mid: 0.3709 | 16 Open: 0.3697 Close: 0.3685 Mid: 0.3688 | 17 Open: 0.3685 Close: 0.3725 Mid: 0.3710 | 18 Open: 0.3725 Close: 0.3707 Mid: 0.3728 | 19 Open: 0.3706 Close: 0.3705 Mid: 0.3704 | 20 |
21 | 22 Open: 0.3705 Close: 0.3719 Mid: 0.3722 | 23 Open: 0.3719 Close: 0.3758 Mid: 0.3739 | 24 Open: 0.3758 Close: 0.3807 Mid: 0.3787 | 25 Open: 0.3807 Close: 0.3804 Mid: 0.3823 | 26 Open: 0.3804 Close: 0.3805 Mid: 0.3791 | 27 |
28 | 29 Open: 0.3813 Close: 0.3805 Mid: 0.3803 | 30 Open: 0.3805 Close: 0.3835 Mid: 0.3810 | 31 Open: 0.3835 Close: 0.3890 Mid: 0.3851 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3890 Close: 0.3901 Mid: 0.3895 | 2 Open: 0.3902 Close: 0.3944 Mid: 0.3915 | 3 | ||||
4 | 5 Open: 0.3943 Close: 0.4014 Mid: 0.4016 | 6 Open: 0.4013 Close: 0.3995 Mid: 0.3983 | 7 Open: 0.3995 Close: 0.3931 Mid: 0.3948 | 8 Open: 0.3931 Close: 0.3894 Mid: 0.3910 | 9 Open: 0.3894 Close: 0.3904 Mid: 0.3895 | 10 |
11 | 12 Open: 0.3895 Close: 0.3890 Mid: 0.3886 | 13 Open: 0.3890 Close: 0.3878 Mid: 0.3875 | 14 Open: 0.3878 Close: 0.3869 Mid: 0.3882 | 15 Open: 0.3869 Close: 0.3834 Mid: 0.3853 | 16 Open: 0.3834 Close: 0.3867 Mid: 0.3856 | 17 |
18 | 19 Open: 0.3872 Close: 0.3866 Mid: 0.3876 | 20 Open: 0.3866 Close: 0.3883 Mid: 0.3864 | 21 Open: 0.3883 Close: 0.3876 Mid: 0.3869 | 22 Open: 0.3876 Close: 0.3864 Mid: 0.3873 | 23 Open: 0.3864 Close: 0.3890 Mid: 0.3877 | 24 |
25 | 26 Open: 0.3887 Close: 0.3886 Mid: 0.3891 | 27 Open: 0.3886 Close: 0.3910 Mid: 0.3890 | 28 Open: 0.3910 Close: 0.3890 Mid: 0.3895 | 29 Open: 0.3890 Close: 0.3879 Mid: 0.3884 | 30 Open: 0.3878 Close: 0.3848 Mid: 0.3865 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3843 Close: 0.3844 Mid: 0.3854 | 3 Open: 0.3844 Close: 0.3883 Mid: 0.3871 | 4 Open: 0.3883 Close: 0.3932 Mid: 0.3908 | 5 Open: 0.3932 Close: 0.3907 Mid: 0.3915 | 6 Open: 0.3907 Close: 0.3954 Mid: 0.3931 | 7 |
8 | 9 Open: 0.3865 Close: 0.3937 Mid: 0.3743 | 10 Open: 0.3937 Close: 0.3953 Mid: 0.3947 | 11 Open: 0.3952 Close: 0.3936 Mid: 0.3958 | 12 Open: 0.3936 Close: 0.3956 Mid: 0.3943 | 13 Open: 0.3956 Close: 0.3973 Mid: 0.3970 | 14 |
15 | 16 Open: 0.3968 Close: 0.3962 Mid: 0.3987 | 17 Open: 0.3962 Close: 0.3921 Mid: 0.3946 | 18 Open: 0.3921 Close: 0.3924 Mid: 0.3956 | 19 Open: 0.3924 Close: 0.3897 Mid: 0.3902 | 20 Open: 0.3897 Close: 0.3866 Mid: 0.3883 | 21 |
22 | 23 Open: 0.3868 Close: 0.3897 Mid: 0.3897 | 24 Open: 0.3897 Close: 0.3907 Mid: 0.3900 | 25 Open: 0.3907 Close: 0.3875 Mid: 0.3891 | 26 Open: 0.3875 Close: 0.3861 Mid: 0.3865 | 27 Open: 0.3861 Close: 0.3939 Mid: 0.3883 | 28 |
29 | 30 Open: 0.3941 Close: 0.3913 Mid: 0.3935 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3913 Close: 0.3927 Mid: 0.3918 | 2 Open: 0.3927 Close: 0.3841 Mid: 0.3880 | 3 Open: 0.3841 Close: 0.3837 Mid: 0.3836 | 4 Open: 0.3837 Close: 0.3809 Mid: 0.3833 | 5 | ||
6 | 7 Open: 0.3807 Close: 0.3832 Mid: 0.3826 | 8 Open: 0.3832 Close: 0.3835 Mid: 0.3845 | 9 Open: 0.3836 Close: 0.3825 Mid: 0.3835 | 10 Open: 0.3825 Close: 0.3862 Mid: 0.3851 | 11 Open: 0.3862 Close: 0.3840 Mid: 0.3844 | 12 |
13 | 14 Open: 0.3838 Close: 0.3835 Mid: 0.3839 | 15 Open: 0.3835 Close: 0.3871 Mid: 0.3860 | 16 Open: 0.3871 Close: 0.3863 Mid: 0.3874 | 17 Open: 0.3863 Close: 0.3845 Mid: 0.3860 | 18 Open: 0.3844 Close: 0.3849 Mid: 0.3841 | 19 |
20 | 21 Open: 0.3844 Close: 0.3821 Mid: 0.3838 | 22 Open: 0.3821 Close: 0.3826 Mid: 0.3835 | 23 Open: 0.3826 Close: 0.3805 Mid: 0.3815 | 24 Open: 0.3805 Close: 0.3814 Mid: 0.3810 | 25 Open: 0.3814 Close: 0.3833 Mid: 0.3830 | 26 |
27 | 28 Open: 0.3809 Close: 0.3800 Mid: 0.3807 | 29 Open: 0.3800 Close: 0.3803 Mid: 0.3803 | 30 Open: 0.3803 Close: 0.3797 Mid: 0.3802 | 31 Open: 0.3797 Close: 0.3832 Mid: 0.3823 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3832 Close: 0.3817 Mid: 0.3850 | 2 | |||||
3 | 4 Open: 0.3823 Close: 0.3846 Mid: 0.3839 | 5 Open: 0.3846 Close: 0.3851 Mid: 0.3849 | 6 Open: 0.3851 Close: 0.3806 Mid: 0.3856 | 7 Open: 0.3806 Close: 0.3810 Mid: 0.3816 | 8 Open: 0.3810 Close: 0.3829 Mid: 0.3823 | 9 |
10 | 11 Open: 0.3828 Close: 0.3813 Mid: 0.3821 | 12 Open: 0.3814 Close: 0.3800 Mid: 0.3807 | 13 Open: 0.3800 Close: 0.3781 Mid: 0.3787 | 14 Open: 0.3781 Close: 0.3769 Mid: 0.3774 | 15 Open: 0.3769 Close: 0.3805 Mid: 0.3787 | 16 |
17 | 18 Open: 0.3809 Close: 0.3790 Mid: 0.3800 | 19 Open: 0.3790 Close: 0.3807 Mid: 0.3822 | 20 Open: 0.3807 Close: 0.3797 Mid: 0.3793 | 21 Open: 0.3797 Close: 0.3820 Mid: 0.3809 | 22 Open: 0.3820 Close: 0.3808 Mid: 0.3818 | 23 |
24 | 25 Open: 0.3812 Close: 0.3823 Mid: 0.3821 | 26 Open: 0.3823 Close: 0.3848 Mid: 0.3838 | 27 Open: 0.3848 Close: 0.3883 Mid: 0.3872 | 28 Open: 0.3883 Close: 0.3872 Mid: 0.3874 | 29 Open: 0.3872 Close: 0.3915 Mid: 0.3896 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3914 Close: 0.3922 Mid: 0.3916 | 3 Open: 0.3922 Close: 0.3906 Mid: 0.3919 | 4 Open: 0.3906 Close: 0.3862 Mid: 0.3881 | 5 Open: 0.3863 Close: 0.3851 Mid: 0.3857 | 6 Open: 0.3851 Close: 0.3859 Mid: 0.3854 | 7 |
8 | 9 Open: 0.3856 Close: 0.3833 Mid: 0.3857 | 10 Open: 0.3833 Close: 0.3823 Mid: 0.3830 | 11 Open: 0.3823 Close: 0.3830 Mid: 0.3865 | 12 Open: 0.3830 Close: 0.3820 Mid: 0.3829 | 13 Open: 0.3820 Close: 0.3821 Mid: 0.3831 | 14 |
15 | 16 Open: 0.3812 Close: 0.3815 Mid: 0.3820 | 17 Open: 0.3815 Close: 0.3843 Mid: 0.3829 | 18 Open: 0.3843 Close: 0.3832 Mid: 0.3842 | 19 Open: 0.3832 Close: 0.3753 Mid: 0.3779 | 20 Open: 0.3753 Close: 0.3759 Mid: 0.3755 | 21 |
22 | 23 Open: 0.3758 Close: 0.3724 Mid: 0.3739 | 24 Open: 0.3724 Close: 0.3741 Mid: 0.3726 | 25 Open: 0.3724 Close: 0.3741 Mid: 0.3726 | 26 Open: 0.3740 Close: 0.3690 Mid: 0.3714 | 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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