Best Japanese Yen / Taiwan Dollar Exchange Rate Today: 0.2081
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.2075, and the most competitive travel money / cash rates start at approximately 0.2062.
Live rate: 1 JPY = 0.2081 TWD (+0.05% )
Inverted: 1 TWD = 4.8054 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 | 0.2081 | 0 | 0.2060 | |||
 | 0.2075 (indicative) | 0 | 0.2075 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.2066 (indicative) | 0 | 0.2066 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.2081 | 32.4% | 0.1407 | 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. | |
 | 0.2062 | 0 | 0.2062 | 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  | 0.2023 (upper range) | Variable | 0.2023 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.2008 (lower range) | Variable | 0.2008 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.1987 | 0 | 0.1987 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2173 Close: 0.2176 Mid: 0.2172 | 2 Open: 0.2177 Close: 0.2179 Mid: 0.2170 | 3 Open: 0.2179 Close: 0.2170 Mid: 0.2170 | 4 Open: 0.2172 Close: 0.2151 Mid: 0.2165 | 5 Open: 0.2150 Close: 0.2141 Mid: 0.2140 | 6 | |
7 | 8 Open: 0.2139 Close: 0.2144 Mid: 0.2146 | 9 Open: 0.2144 Close: 0.2151 Mid: 0.2154 | 10 Open: 0.2151 Close: 0.2134 Mid: 0.2143 | 11 Open: 0.2135 Close: 0.2138 Mid: 0.2132 | 12 Open: 0.2138 Close: 0.2146 Mid: 0.2146 | 13 |
14 | 15 Open: 0.2144 Close: 0.2146 Mid: 0.2149 | 16 Open: 0.2145 Close: 0.2138 Mid: 0.2145 | 17 Open: 0.2139 Close: 0.2131 Mid: 0.2135 | 18 Open: 0.2132 Close: 0.2129 Mid: 0.2132 | 19 Open: 0.2129 Close: 0.2119 Mid: 0.2124 | 20 |
21 | 22 Open: 0.2118 Close: 0.2116 Mid: 0.2119 | 23 Open: 0.2116 Close: 0.2118 Mid: 0.2119 | 24 Open: 0.2117 Close: 0.2123 Mid: 0.2124 | 25 Open: 0.2123 Close: 0.2120 Mid: 0.2122 | 26 Open: 0.2122 Close: 0.2112 Mid: 0.2117 | 27 |
28 | 29 Open: 0.2113 Close: 0.2114 Mid: 0.2114 | 30 Open: 0.2114 Close: 0.2111 Mid: 0.2114 | 31 Open: 0.2111 Close: 0.2128 Mid: 0.2124 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2128 Close: 0.2134 Mid: 0.2137 | 2 Open: 0.2134 Close: 0.2116 Mid: 0.2124 | 3 | ||||
4 | 5 Open: 0.2113 Close: 0.2112 Mid: 0.2113 | 6 Open: 0.2112 Close: 0.2117 Mid: 0.2112 | 7 Open: 0.2115 Close: 0.2118 Mid: 0.2115 | 8 Open: 0.2119 Close: 0.2101 Mid: 0.2110 | 9 Open: 0.2101 Close: 0.2102 Mid: 0.2101 | 10 |
11 | 12 Open: 0.2103 Close: 0.2099 Mid: 0.2105 | 13 Open: 0.2099 Close: 0.2093 Mid: 0.2096 | 14 Open: 0.2093 Close: 0.2085 Mid: 0.2091 | 15 Open: 0.2085 Close: 0.2089 Mid: 0.2090 | 16 Open: 0.2090 Close: 0.2087 Mid: 0.2087 | 17 |
18 | 19 Open: 0.2087 Close: 0.2092 Mid: 0.2093 | 20 Open: 0.2092 Close: 0.2097 Mid: 0.2094 | 21 Open: 0.2096 Close: 0.2096 Mid: 0.2097 | 22 Open: 0.2096 Close: 0.2094 Mid: 0.2096 | 23 Open: 0.2095 Close: 0.2100 Mid: 0.2096 | 24 |
25 | 26 Open: 0.2099 Close: 0.2096 Mid: 0.2097 | 27 Open: 0.2096 Close: 0.2100 Mid: 0.2100 | 28 Open: 0.2101 Close: 0.2100 Mid: 0.2102 | 29 Open: 0.2100 Close: 0.2110 Mid: 0.2107 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2110 Close: 0.2103 Mid: 0.2104 | 2 | |||||
3 | 4 Open: 0.2106 Close: 0.2097 Mid: 0.2099 | 5 Open: 0.2097 Close: 0.2105 Mid: 0.2102 | 6 Open: 0.2105 Close: 0.2109 Mid: 0.2110 | 7 Open: 0.2109 Close: 0.2125 Mid: 0.2125 | 8 Open: 0.2125 Close: 0.2136 Mid: 0.2132 | 9 |
10 | 11 Open: 0.2142 Close: 0.2138 Mid: 0.2140 | 12 Open: 0.2138 Close: 0.2131 Mid: 0.2133 | 13 Open: 0.2131 Close: 0.2130 Mid: 0.2128 | 14 Open: 0.2130 Close: 0.2129 Mid: 0.2132 | 15 Open: 0.2129 Close: 0.2121 Mid: 0.2127 | 16 |
17 | 18 Open: 0.2119 Close: 0.2124 Mid: 0.2123 | 19 Open: 0.2124 Close: 0.2107 Mid: 0.2114 | 20 Open: 0.2107 Close: 0.2103 Mid: 0.2103 | 21 Open: 0.2103 Close: 0.2105 Mid: 0.2107 | 22 Open: 0.2105 Close: 0.2111 Mid: 0.2110 | 23 |
24 | 25 Open: 0.2102 Close: 0.2103 Mid: 0.2104 | 26 Open: 0.2103 Close: 0.2106 Mid: 0.2105 | 27 Open: 0.2106 Close: 0.2115 Mid: 0.2114 | 28 Open: 0.2115 Close: 0.2114 Mid: 0.2116 | 29 Open: 0.2114 Close: 0.2112 Mid: 0.2114 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2109 Close: 0.2113 Mid: 0.2112 | 2 Open: 0.2112 Close: 0.2115 Mid: 0.2115 | 3 Open: 0.2115 Close: 0.2111 Mid: 0.2113 | 4 Open: 0.2111 Close: 0.2120 Mid: 0.2116 | 5 Open: 0.2120 Close: 0.2119 Mid: 0.2119 | 6 | |
7 | 8 Open: 0.2119 Close: 0.2113 Mid: 0.2116 | 9 Open: 0.2113 Close: 0.2109 Mid: 0.2111 | 10 Open: 0.2109 Close: 0.2101 Mid: 0.2106 | 11 Open: 0.2101 Close: 0.2102 Mid: 0.2105 | 12 Open: 0.2102 Close: 0.2107 Mid: 0.2110 | 13 |
14 | 15 Open: 0.2104 Close: 0.2102 Mid: 0.2106 | 16 Open: 0.2102 Close: 0.2103 Mid: 0.2104 | 17 Open: 0.2103 Close: 0.2099 Mid: 0.2102 | 18 Open: 0.2099 Close: 0.2100 Mid: 0.2100 | 19 Open: 0.2100 Close: 0.2104 Mid: 0.2109 | 20 |
21 | 22 Open: 0.2099 Close: 0.2107 Mid: 0.2109 | 23 Open: 0.2107 Close: 0.2103 Mid: 0.2106 | 24 Open: 0.2103 Close: 0.2103 Mid: 0.2103 | 25 Open: 0.2103 Close: 0.2092 Mid: 0.2097 | 26 Open: 0.2092 Close: 0.2059 Mid: 0.2078 | 27 |
28 | 29 Open: 0.2057 Close: 0.2079 Mid: 0.2072 | 30 Open: 0.2079 Close: 0.2067 Mid: 0.2076 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2067 Close: 0.2104 Mid: 0.2090 | 2 Open: 0.2104 Close: 0.2108 Mid: 0.2098 | 3 Open: 0.2108 Close: 0.2111 Mid: 0.2114 | 4 | |||
5 | 6 Open: 0.2109 Close: 0.2099 Mid: 0.2107 | 7 Open: 0.2099 Close: 0.2095 Mid: 0.2099 | 8 Open: 0.2095 Close: 0.2082 Mid: 0.2087 | 9 Open: 0.2082 Close: 0.2084 Mid: 0.2083 | 10 Open: 0.2084 Close: 0.2083 Mid: 0.2083 | 11 |
12 | 13 Open: 0.2084 Close: 0.2075 Mid: 0.2080 | 14 Open: 0.2075 Close: 0.2068 Mid: 0.2069 | 15 Open: 0.2068 Close: 0.2072 Mid: 0.2067 | 16 Open: 0.2072 Close: 0.2071 Mid: 0.2077 | 17 Open: 0.2071 Close: 0.2067 Mid: 0.2067 | 18 |
19 | 20 Open: 0.2067 Close: 0.2065 Mid: 0.2068 | 21 Open: 0.2065 Close: 0.2068 Mid: 0.2066 | 22 Open: 0.2068 Close: 0.2058 Mid: 0.2064 | 23 Open: 0.2058 Close: 0.2056 Mid: 0.2057 | 24 Open: 0.2056 Close: 0.2054 Mid: 0.2055 | 25 |
26 | 27 Open: 0.2054 Close: 0.2050 Mid: 0.2052 | 28 Open: 0.2050 Close: 0.2051 Mid: 0.2051 | 29 Open: 0.2051 Close: 0.2055 Mid: 0.2055 | 30 Open: 0.2054 Close: 0.2066 Mid: 0.2064 | 31 Open: 0.2066 Close: 0.2065 Mid: 0.2067 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.2065 Close: 0.2070 Mid: 0.2063 | 4 Open: 0.2070 Close: 0.2089 Mid: 0.2082 | 5 Open: 0.2089 Close: 0.2070 Mid: 0.2080 | 6 Open: 0.2070 Close: 0.2074 Mid: 0.2072 | 7 Open: 0.2074 Close: 0.2068 Mid: 0.2072 | 8 |
9 | 10 Open: 0.2069 Close: 0.2061 Mid: 0.2066 | 11 Open: 0.2061 Close: 0.2061 Mid: 0.2061 | 12 Open: 0.2061 Close: 0.2059 Mid: 0.2062 | 13 Open: 0.2059 Close: 0.2061 Mid: 0.2060 | 14 Open: 0.2061 Close: 0.2056 Mid: 0.2056 | 15 |
16 | 17 Open: 0.2055 Close: 0.2052 Mid: 0.2055 | 18 Open: 0.2052 Close: 0.2050 Mid: 0.2052 | 19 Open: 0.2050 Close: 0.2049 Mid: 0.2050 | 20 Open: 0.2049 Close: 0.2037 Mid: 0.2044 | 21 Open: 0.2037 Close: 0.2026 Mid: 0.2033 | 22 |
23 | 24 Open: 0.2027 Close: 0.2028 Mid: 0.2030 | 25 Open: 0.2028 Close: 0.2034 Mid: 0.2033 | 26 Open: 0.2034 Close: 0.2025 Mid: 0.2032 | 27 Open: 0.2025 Close: 0.2025 Mid: 0.2029 | 28 Open: 0.2025 Close: 0.2021 Mid: 0.2022 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2025 Close: 0.2016 Mid: 0.2020 | 2 Open: 0.2016 Close: 0.2019 Mid: 0.2019 | 3 Open: 0.2019 Close: 0.2016 Mid: 0.2019 | 4 Open: 0.2016 Close: 0.2016 Mid: 0.2018 | 5 Open: 0.2016 Close: 0.2016 Mid: 0.2017 | 6 | |
7 | 8 Open: 0.2020 Close: 0.2020 Mid: 0.2019 | 9 Open: 0.2019 Close: 0.2018 Mid: 0.2022 | 10 Open: 0.2018 Close: 0.2017 Mid: 0.2017 | 11 Open: 0.2017 Close: 0.2042 Mid: 0.2033 | 12 Open: 0.2042 Close: 0.2060 Mid: 0.2051 | 13 |
14 | 15 Open: 0.2063 Close: 0.2064 Mid: 0.2064 | 16 Open: 0.2064 Close: 0.2057 Mid: 0.2059 | 17 Open: 0.2058 Close: 0.2085 Mid: 0.2071 | 18 Open: 0.2085 Close: 0.2078 Mid: 0.2087 | 19 Open: 0.2078 Close: 0.2083 Mid: 0.2080 | 20 |
21 | 22 Open: 0.2083 Close: 0.2091 Mid: 0.2094 | 23 Open: 0.2091 Close: 0.2107 Mid: 0.2099 | 24 Open: 0.2107 Close: 0.2127 Mid: 0.2119 | 25 Open: 0.2127 Close: 0.2127 Mid: 0.2136 | 26 Open: 0.2127 Close: 0.2134 Mid: 0.2128 | 27 |
28 | 29 Open: 0.2139 Close: 0.2134 Mid: 0.2136 | 30 Open: 0.2134 Close: 0.2150 Mid: 0.2135 | 31 Open: 0.2150 Close: 0.2181 Mid: 0.2164 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2181 Close: 0.2196 Mid: 0.2189 | 2 Open: 0.2196 Close: 0.2226 Mid: 0.2213 | 3 | ||||
4 | 5 Open: 0.2225 Close: 0.2269 Mid: 0.2267 | 6 Open: 0.2269 Close: 0.2271 Mid: 0.2256 | 7 Open: 0.2271 Close: 0.2226 Mid: 0.2237 | 8 Open: 0.2226 Close: 0.2204 Mid: 0.2216 | 9 Open: 0.2204 Close: 0.2213 Mid: 0.2203 | 10 |
11 | 12 Open: 0.2207 Close: 0.2204 Mid: 0.2200 | 13 Open: 0.2203 Close: 0.2203 Mid: 0.2197 | 14 Open: 0.2203 Close: 0.2190 Mid: 0.2197 | 15 Open: 0.2190 Close: 0.2171 Mid: 0.2176 | 16 Open: 0.2171 Close: 0.2180 Mid: 0.2178 | 17 |
18 | 19 Open: 0.2182 Close: 0.2180 Mid: 0.2180 | 20 Open: 0.2180 Close: 0.2197 Mid: 0.2179 | 21 Open: 0.2197 Close: 0.2199 Mid: 0.2187 | 22 Open: 0.2199 Close: 0.2186 Mid: 0.2189 | 23 Open: 0.2186 Close: 0.2204 Mid: 0.2194 | 24 |
25 | 26 Open: 0.2202 Close: 0.2204 Mid: 0.2209 | 27 Open: 0.2204 Close: 0.2216 Mid: 0.2199 | 28 Open: 0.2216 Close: 0.2212 Mid: 0.2213 | 29 Open: 0.2212 Close: 0.2199 Mid: 0.2206 | 30 Open: 0.2199 Close: 0.2187 Mid: 0.2195 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2185 Close: 0.2182 Mid: 0.2187 | 3 Open: 0.2182 Close: 0.2207 Mid: 0.2195 | 4 Open: 0.2207 Close: 0.2235 Mid: 0.2220 | 5 Open: 0.2235 Close: 0.2234 Mid: 0.2231 | 6 Open: 0.2234 Close: 0.2252 Mid: 0.2241 | 7 |
8 | 9 Open: 0.2250 Close: 0.2243 Mid: 0.2245 | 10 Open: 0.2244 Close: 0.2260 Mid: 0.2251 | 11 Open: 0.2260 Close: 0.2258 Mid: 0.2270 | 12 Open: 0.2258 Close: 0.2264 Mid: 0.2253 | 13 Open: 0.2264 Close: 0.2269 Mid: 0.2268 | 14 |
15 | 16 Open: 0.2266 Close: 0.2267 Mid: 0.2271 | 17 Open: 0.2267 Close: 0.2243 Mid: 0.2253 | 18 Open: 0.2243 Close: 0.2250 Mid: 0.2253 | 19 Open: 0.2250 Close: 0.2239 Mid: 0.2237 | 20 Open: 0.2239 Close: 0.2222 Mid: 0.2229 | 21 |
22 | 23 Open: 0.2224 Close: 0.2231 Mid: 0.2231 | 24 Open: 0.2232 Close: 0.2224 Mid: 0.2221 | 25 Open: 0.2223 Close: 0.2211 Mid: 0.2216 | 26 Open: 0.2211 Close: 0.2187 Mid: 0.2201 | 27 Open: 0.2188 Close: 0.2221 Mid: 0.2194 | 28 |
29 | 30 Open: 0.2223 Close: 0.2212 Mid: 0.2221 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2212 Close: 0.2222 Mid: 0.2216 | 2 Open: 0.2222 Close: 0.2182 Mid: 0.2201 | 3 Open: 0.2182 Close: 0.2181 Mid: 0.2181 | 4 Open: 0.2181 Close: 0.2171 Mid: 0.2181 | 5 | ||
6 | 7 Open: 0.2171 Close: 0.2171 Mid: 0.2171 | 8 Open: 0.2171 Close: 0.2175 Mid: 0.2177 | 9 Open: 0.2175 Close: 0.2162 Mid: 0.2168 | 10 Open: 0.2162 Close: 0.2170 Mid: 0.2166 | 11 Open: 0.2170 Close: 0.2156 Mid: 0.2161 | 12 |
13 | 14 Open: 0.2155 Close: 0.2149 Mid: 0.2154 | 15 Open: 0.2149 Close: 0.2160 Mid: 0.2155 | 16 Open: 0.2160 Close: 0.2152 Mid: 0.2157 | 17 Open: 0.2152 Close: 0.2139 Mid: 0.2146 | 18 Open: 0.2139 Close: 0.2144 Mid: 0.2142 | 19 |
20 | 21 Open: 0.2141 Close: 0.2130 Mid: 0.2137 | 22 Open: 0.2130 Close: 0.2122 Mid: 0.2125 | 23 Open: 0.2122 Close: 0.2100 Mid: 0.2108 | 24 Open: 0.2100 Close: 0.2113 Mid: 0.2107 | 25 Open: 0.2113 Close: 0.2106 Mid: 0.2110 | 26 |
27 | 28 Open: 0.2093 Close: 0.2095 Mid: 0.2096 | 29 Open: 0.2095 Close: 0.2092 Mid: 0.2094 | 30 Open: 0.2092 Close: 0.2083 Mid: 0.2090 | 31 Open: 0.2083 Close: 0.2100 Mid: 0.2095 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2100 Close: 0.2089 Mid: 0.2092 | 2 | |||||
3 | 4 Open: 0.2093 Close: 0.2099 Mid: 0.2097 | 5 Open: 0.2099 Close: 0.2105 Mid: 0.2097 | 6 Open: 0.2105 Close: 0.2092 Mid: 0.2092 | 7 Open: 0.2092 Close: 0.2099 Mid: 0.2097 | 8 Open: 0.2099 Close: 0.2113 Mid: 0.2097 | 9 |
10 | 11 Open: 0.2112 Close: 0.2108 Mid: 0.2107 | 12 Open: 0.2108 Close: 0.2099 Mid: 0.2102 | 13 Open: 0.2099 Close: 0.2089 Mid: 0.2095 | 14 Open: 0.2089 Close: 0.2087 Mid: 0.2090 | 15 Open: 0.2087 Close: 0.2105 Mid: 0.2095 | 16 |
17 | 18 Open: 0.2107 Close: 0.2100 Mid: 0.2105 | 19 Open: 0.2100 Close: 0.2093 Mid: 0.2107 | 20 Open: 0.2093 Close: 0.2092 Mid: 0.2091 | 21 Open: 0.2092 Close: 0.2107 Mid: 0.2103 | 22 Open: 0.2107 Close: 0.2105 Mid: 0.2110 | 23 |
24 | 25 Open: 0.2107 Close: 0.2104 Mid: 0.2108 | 26 Open: 0.2104 Close: 0.2122 Mid: 0.2110 | 27 Open: 0.2122 Close: 0.2149 Mid: 0.2139 | 28 Open: 0.2149 Close: 0.2149 Mid: 0.2147 | 29 Open: 0.2149 Close: 0.2167 Mid: 0.2160 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2167 Close: 0.2180 Mid: 0.2177 | 3 Open: 0.2180 Close: 0.2176 Mid: 0.2181 | 4 Open: 0.2176 Close: 0.2152 Mid: 0.2164 | 5 Open: 0.2152 Close: 0.2156 Mid: 0.2155 | 6 Open: 0.2156 Close: 0.2160 Mid: 0.2157 | 7 |
8 | 9 Open: 0.2158 Close: 0.2145 Mid: 0.2156 | 10 Open: 0.2145 Close: 0.2141 Mid: 0.2144 | 11 Open: 0.2141 Close: 0.2132 Mid: 0.2141 | 12 Open: 0.2132 Close: 0.2131 Mid: 0.2135 | 13 Open: 0.2131 Close: 0.2116 Mid: 0.2124 | 14 |
15 | 16 Open: 0.2111 Close: 0.2108 Mid: 0.2112 | 17 Open: 0.2108 Close: 0.2119 Mid: 0.2114 | 18 Open: 0.2119 Close: 0.2110 Mid: 0.2113 | 19 Open: 0.2110 Close: 0.2073 Mid: 0.2089 | 20 Open: 0.2073 Close: 0.2085 Mid: 0.2083 | 21 |
22 | 23 Open: 0.2085 Close: 0.2080 Mid: 0.2085 | 24 Open: 0.2080 Close: 0.2081 Mid: 0.2080 | 25 Open: 0.2080 Close: 0.2081 Mid: 0.2080 | 26 Open: 0.2081 Close: 0.2078 Mid: 0.2081 | 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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