Best Japanese Yen / Thai Baht Exchange Rate Today: 0.2171
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.2164, and the most competitive travel money / cash rates start at approximately 0.2151.
Live rate: 1 JPY = 0.2171 THB (-0.19% )
Inverted: 1 THB = 4.6062 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 | 0.2171 | 0 | 0.2149 | |||
 | 0.2164 (indicative) | 0 | 0.2164 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.2156 (indicative) | 0 | 0.2156 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.2171 | 29% | 0.1541 | 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. | |
 | 0.2151 | 0 | 0.2151 | 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  | 0.2110 (upper range) | Variable | 0.2110 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.2095 (lower range) | Variable | 0.2095 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.2073 | 0 | 0.2073 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2422 Close: 0.2439 Mid: 0.2432 | 2 Open: 0.2436 Close: 0.2417 Mid: 0.2421 | 3 Open: 0.2417 Close: 0.2408 Mid: 0.2408 | 4 Open: 0.2408 Close: 0.2388 Mid: 0.2399 | 5 Open: 0.2388 Close: 0.2398 Mid: 0.2394 | 6 | |
7 | 8 Open: 0.2395 Close: 0.2420 Mid: 0.2413 | 9 Open: 0.2420 Close: 0.2418 Mid: 0.2427 | 10 Open: 0.2418 Close: 0.2407 Mid: 0.2414 | 11 Open: 0.2407 Close: 0.2416 Mid: 0.2407 | 12 Open: 0.2416 Close: 0.2408 Mid: 0.2413 | 13 |
14 | 15 Open: 0.2412 Close: 0.2398 Mid: 0.2405 | 16 Open: 0.2399 Close: 0.2404 Mid: 0.2406 | 17 Open: 0.2403 Close: 0.2400 Mid: 0.2404 | 18 Open: 0.2401 Close: 0.2402 Mid: 0.2402 | 19 Open: 0.2401 Close: 0.2397 Mid: 0.2397 | 20 |
21 | 22 Open: 0.2395 Close: 0.2401 Mid: 0.2406 | 23 Open: 0.2401 Close: 0.2406 Mid: 0.2408 | 24 Open: 0.2406 Close: 0.2419 Mid: 0.2418 | 25 Open: 0.2419 Close: 0.2419 Mid: 0.2422 | 26 Open: 0.2419 Close: 0.2407 Mid: 0.2413 | 27 |
28 | 29 Open: 0.2408 Close: 0.2400 Mid: 0.2406 | 30 Open: 0.2401 Close: 0.2395 Mid: 0.2404 | 31 Open: 0.2395 Close: 0.2419 Mid: 0.2409 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2419 Close: 0.2412 Mid: 0.2420 | 2 Open: 0.2412 Close: 0.2400 Mid: 0.2405 | 3 | ||||
4 | 5 Open: 0.2393 Close: 0.2409 Mid: 0.2408 | 6 Open: 0.2409 Close: 0.2404 Mid: 0.2403 | 7 Open: 0.2404 Close: 0.2405 Mid: 0.2402 | 8 Open: 0.2405 Close: 0.2404 Mid: 0.2406 | 9 Open: 0.2405 Close: 0.2408 Mid: 0.2403 | 10 |
11 | 12 Open: 0.2409 Close: 0.2402 Mid: 0.2406 | 13 Open: 0.2402 Close: 0.2391 Mid: 0.2391 | 14 Open: 0.2391 Close: 0.2399 Mid: 0.2401 | 15 Open: 0.2399 Close: 0.2403 Mid: 0.2404 | 16 Open: 0.2403 Close: 0.2399 Mid: 0.2400 | 17 |
18 | 19 Open: 0.2398 Close: 0.2401 Mid: 0.2398 | 20 Open: 0.2401 Close: 0.2398 Mid: 0.2400 | 21 Open: 0.2398 Close: 0.2385 Mid: 0.2393 | 22 Open: 0.2385 Close: 0.2387 Mid: 0.2385 | 23 Open: 0.2387 Close: 0.2391 Mid: 0.2391 | 24 |
25 | 26 Open: 0.2385 Close: 0.2385 Mid: 0.2385 | 27 Open: 0.2385 Close: 0.2383 Mid: 0.2385 | 28 Open: 0.2383 Close: 0.2385 Mid: 0.2387 | 29 Open: 0.2385 Close: 0.2393 Mid: 0.2393 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2393 Close: 0.2390 Mid: 0.2389 | 2 | |||||
3 | 4 Open: 0.2393 Close: 0.2376 Mid: 0.2384 | 5 Open: 0.2376 Close: 0.2387 Mid: 0.2384 | 6 Open: 0.2387 Close: 0.2387 Mid: 0.2389 | 7 Open: 0.2387 Close: 0.2399 Mid: 0.2400 | 8 Open: 0.2399 Close: 0.2406 Mid: 0.2407 | 9 |
10 | 11 Open: 0.2411 Close: 0.2411 Mid: 0.2412 | 12 Open: 0.2411 Close: 0.2419 Mid: 0.2415 | 13 Open: 0.2419 Close: 0.2412 Mid: 0.2416 | 14 Open: 0.2412 Close: 0.2411 Mid: 0.2415 | 15 Open: 0.2411 Close: 0.2407 Mid: 0.2412 | 16 |
17 | 18 Open: 0.2400 Close: 0.2412 Mid: 0.2408 | 19 Open: 0.2412 Close: 0.2392 Mid: 0.2399 | 20 Open: 0.2392 Close: 0.2379 Mid: 0.2383 | 21 Open: 0.2379 Close: 0.2392 Mid: 0.2385 | 22 Open: 0.2392 Close: 0.2400 Mid: 0.2402 | 23 |
24 | 25 Open: 0.2390 Close: 0.2399 Mid: 0.2403 | 26 Open: 0.2399 Close: 0.2398 Mid: 0.2401 | 27 Open: 0.2398 Close: 0.2406 Mid: 0.2405 | 28 Open: 0.2406 Close: 0.2408 Mid: 0.2409 | 29 Open: 0.2408 Close: 0.2403 Mid: 0.2409 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2399 Close: 0.2417 Mid: 0.2409 | 2 Open: 0.2417 Close: 0.2413 Mid: 0.2419 | 3 Open: 0.2413 Close: 0.2412 Mid: 0.2414 | 4 Open: 0.2412 Close: 0.2425 Mid: 0.2422 | 5 Open: 0.2425 Close: 0.2411 Mid: 0.2425 | 6 | |
7 | 8 Open: 0.2411 Close: 0.2415 Mid: 0.2414 | 9 Open: 0.2420 Close: 0.2396 Mid: 0.2406 | 10 Open: 0.2396 Close: 0.2395 Mid: 0.2399 | 11 Open: 0.2395 Close: 0.2380 Mid: 0.2393 | 12 Open: 0.2380 Close: 0.2395 Mid: 0.2388 | 13 |
14 | 15 Open: 0.2386 Close: 0.2380 Mid: 0.2388 | 16 Open: 0.2380 Close: 0.2372 Mid: 0.2377 | 17 Open: 0.2372 Close: 0.2377 Mid: 0.2380 | 18 Open: 0.2382 Close: 0.2381 Mid: 0.2381 | 19 Open: 0.2381 Close: 0.2384 Mid: 0.2389 | 20 |
21 | 22 Open: 0.2378 Close: 0.2395 Mid: 0.2392 | 23 Open: 0.2395 Close: 0.2387 Mid: 0.2390 | 24 Open: 0.2386 Close: 0.2386 Mid: 0.2386 | 25 Open: 0.2386 Close: 0.2377 Mid: 0.2382 | 26 Open: 0.2377 Close: 0.2335 Mid: 0.2358 | 27 |
28 | 29 Open: 0.2333 Close: 0.2368 Mid: 0.2353 | 30 Open: 0.2368 Close: 0.2359 Mid: 0.2361 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2359 Close: 0.2397 Mid: 0.2387 | 2 Open: 0.2397 Close: 0.2399 Mid: 0.2387 | 3 Open: 0.2399 Close: 0.2402 Mid: 0.2404 | 4 | |||
5 | 6 Open: 0.2400 Close: 0.2389 Mid: 0.2395 | 7 Open: 0.2389 Close: 0.2388 Mid: 0.2387 | 8 Open: 0.2382 Close: 0.2377 Mid: 0.2380 | 9 Open: 0.2377 Close: 0.2362 Mid: 0.2372 | 10 Open: 0.2362 Close: 0.2358 Mid: 0.2363 | 11 |
12 | 13 Open: 0.2359 Close: 0.2355 Mid: 0.2358 | 14 Open: 0.2355 Close: 0.2335 Mid: 0.2347 | 15 Open: 0.2335 Close: 0.2346 Mid: 0.2344 | 16 Open: 0.2346 Close: 0.2331 Mid: 0.2345 | 17 Open: 0.2331 Close: 0.2322 Mid: 0.2324 | 18 |
19 | 20 Open: 0.2316 Close: 0.2312 Mid: 0.2313 | 21 Open: 0.2312 Close: 0.2333 Mid: 0.2322 | 22 Open: 0.2333 Close: 0.2327 Mid: 0.2327 | 23 Open: 0.2327 Close: 0.2333 Mid: 0.2329 | 24 Open: 0.2333 Close: 0.2335 Mid: 0.2335 | 25 |
26 | 27 Open: 0.2335 Close: 0.2331 Mid: 0.2332 | 28 Open: 0.2331 Close: 0.2328 Mid: 0.2333 | 29 Open: 0.2328 Close: 0.2338 Mid: 0.2335 | 30 Open: 0.2338 Close: 0.2339 Mid: 0.2346 | 31 Open: 0.2339 Close: 0.2340 Mid: 0.2342 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.2340 Close: 0.2346 Mid: 0.2343 | 4 Open: 0.2346 Close: 0.2366 Mid: 0.2354 | 5 Open: 0.2366 Close: 0.2345 Mid: 0.2355 | 6 Open: 0.2345 Close: 0.2341 Mid: 0.2343 | 7 Open: 0.2341 Close: 0.2352 Mid: 0.2346 | 8 |
9 | 10 Open: 0.2353 Close: 0.2341 Mid: 0.2346 | 11 Open: 0.2341 Close: 0.2338 Mid: 0.2337 | 12 Open: 0.2338 Close: 0.2338 Mid: 0.2338 | 13 Open: 0.2338 Close: 0.2340 Mid: 0.2337 | 14 Open: 0.2340 Close: 0.2329 Mid: 0.2332 | 15 |
16 | 17 Open: 0.2328 Close: 0.2335 Mid: 0.2336 | 18 Open: 0.2335 Close: 0.2323 Mid: 0.2330 | 19 Open: 0.2323 Close: 0.2317 Mid: 0.2324 | 20 Open: 0.2317 Close: 0.2312 Mid: 0.2317 | 21 Open: 0.2312 Close: 0.2302 Mid: 0.2305 | 22 |
23 | 24 Open: 0.2303 Close: 0.2296 Mid: 0.2300 | 25 Open: 0.2296 Close: 0.2300 Mid: 0.2298 | 26 Open: 0.2300 Close: 0.2296 Mid: 0.2301 | 27 Open: 0.2296 Close: 0.2293 Mid: 0.2299 | 28 Open: 0.2293 Close: 0.2281 Mid: 0.2290 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2284 Close: 0.2276 Mid: 0.2280 | 2 Open: 0.2277 Close: 0.2280 Mid: 0.2281 | 3 Open: 0.2280 Close: 0.2266 Mid: 0.2276 | 4 Open: 0.2266 Close: 0.2270 Mid: 0.2273 | 5 Open: 0.2270 Close: 0.2266 Mid: 0.2273 | 6 | |
7 | 8 Open: 0.2271 Close: 0.2267 Mid: 0.2270 | 9 Open: 0.2267 Close: 0.2259 Mid: 0.2263 | 10 Open: 0.2259 Close: 0.2248 Mid: 0.2251 | 11 Open: 0.2248 Close: 0.2271 Mid: 0.2265 | 12 Open: 0.2271 Close: 0.2287 Mid: 0.2280 | 13 |
14 | 15 Open: 0.2290 Close: 0.2288 Mid: 0.2293 | 16 Open: 0.2288 Close: 0.2273 Mid: 0.2282 | 17 Open: 0.2273 Close: 0.2303 Mid: 0.2285 | 18 Open: 0.2303 Close: 0.2298 Mid: 0.2304 | 19 Open: 0.2298 Close: 0.2311 Mid: 0.2304 | 20 |
21 | 22 Open: 0.2306 Close: 0.2309 Mid: 0.2313 | 23 Open: 0.2309 Close: 0.2326 Mid: 0.2317 | 24 Open: 0.2326 Close: 0.2346 Mid: 0.2336 | 25 Open: 0.2346 Close: 0.2356 Mid: 0.2362 | 26 Open: 0.2356 Close: 0.2340 Mid: 0.2346 | 27 |
28 | 29 Open: 0.2346 Close: 0.2337 Mid: 0.2337 | 30 Open: 0.2337 Close: 0.2346 Mid: 0.2334 | 31 Open: 0.2351 Close: 0.2370 Mid: 0.2356 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2370 Close: 0.2381 Mid: 0.2374 | 2 Open: 0.2381 Close: 0.2409 Mid: 0.2390 | 3 | ||||
4 | 5 Open: 0.2403 Close: 0.2454 Mid: 0.2451 | 6 Open: 0.2454 Close: 0.2456 Mid: 0.2444 | 7 Open: 0.2456 Close: 0.2427 Mid: 0.2433 | 8 Open: 0.2427 Close: 0.2391 Mid: 0.2417 | 9 Open: 0.2391 Close: 0.2406 Mid: 0.2395 | 10 |
11 | 12 Open: 0.2394 Close: 0.2390 Mid: 0.2388 | 13 Open: 0.2389 Close: 0.2383 Mid: 0.2382 | 14 Open: 0.2383 Close: 0.2381 Mid: 0.2383 | 15 Open: 0.2381 Close: 0.2350 Mid: 0.2364 | 16 Open: 0.2350 Close: 0.2350 Mid: 0.2356 | 17 |
18 | 19 Open: 0.2347 Close: 0.2347 Mid: 0.2354 | 20 Open: 0.2347 Close: 0.2350 Mid: 0.2345 | 21 Open: 0.2356 Close: 0.2356 Mid: 0.2348 | 22 Open: 0.2356 Close: 0.2360 Mid: 0.2359 | 23 Open: 0.2360 Close: 0.2348 Mid: 0.2354 | 24 |
25 | 26 Open: 0.2347 Close: 0.2351 Mid: 0.2358 | 27 Open: 0.2351 Close: 0.2357 Mid: 0.2353 | 28 Open: 0.2357 Close: 0.2354 Mid: 0.2355 | 29 Open: 0.2354 Close: 0.2341 Mid: 0.2347 | 30 Open: 0.2341 Close: 0.2329 Mid: 0.2337 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2327 Close: 0.2325 Mid: 0.2331 | 3 Open: 0.2330 Close: 0.2353 Mid: 0.2343 | 4 Open: 0.2354 Close: 0.2365 Mid: 0.2360 | 5 Open: 0.2365 Close: 0.2343 Mid: 0.2353 | 6 Open: 0.2343 Close: 0.2371 Mid: 0.2352 | 7 |
8 | 9 Open: 0.2369 Close: 0.2367 Mid: 0.2371 | 10 Open: 0.2367 Close: 0.2361 Mid: 0.2362 | 11 Open: 0.2361 Close: 0.2370 Mid: 0.2381 | 12 Open: 0.2370 Close: 0.2359 Mid: 0.2366 | 13 Open: 0.2359 Close: 0.2359 Mid: 0.2362 | 14 |
15 | 16 Open: 0.2366 Close: 0.2368 Mid: 0.2372 | 17 Open: 0.2368 Close: 0.2342 Mid: 0.2358 | 18 Open: 0.2342 Close: 0.2340 Mid: 0.2351 | 19 Open: 0.2340 Close: 0.2322 Mid: 0.2329 | 20 Open: 0.2322 Close: 0.2285 Mid: 0.2307 | 21 |
22 | 23 Open: 0.2286 Close: 0.2290 Mid: 0.2293 | 24 Open: 0.2290 Close: 0.2280 Mid: 0.2283 | 25 Open: 0.2280 Close: 0.2261 Mid: 0.2270 | 26 Open: 0.2261 Close: 0.2234 Mid: 0.2249 | 27 Open: 0.2234 Close: 0.2277 Mid: 0.2250 | 28 |
29 | 30 Open: 0.2278 Close: 0.2254 Mid: 0.2265 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2254 Close: 0.2265 Mid: 0.2263 | 2 Open: 0.2265 Close: 0.2244 Mid: 0.2256 | 3 Open: 0.2244 Close: 0.2256 Mid: 0.2252 | 4 Open: 0.2256 Close: 0.2239 Mid: 0.2247 | 5 | ||
6 | 7 Open: 0.2239 Close: 0.2259 Mid: 0.2252 | 8 Open: 0.2259 Close: 0.2266 Mid: 0.2268 | 9 Open: 0.2266 Close: 0.2244 Mid: 0.2255 | 10 Open: 0.2244 Close: 0.2252 Mid: 0.2251 | 11 Open: 0.2252 Close: 0.2222 Mid: 0.2236 | 12 |
13 | 14 Open: 0.2221 Close: 0.2224 Mid: 0.2224 | 15 Open: 0.2224 Close: 0.2230 Mid: 0.2232 | 16 Open: 0.2230 Close: 0.2222 Mid: 0.2229 | 17 Open: 0.2217 Close: 0.2210 Mid: 0.2216 | 18 Open: 0.2210 Close: 0.2214 Mid: 0.2211 | 19 |
20 | 21 Open: 0.2211 Close: 0.2221 Mid: 0.2223 | 22 Open: 0.2221 Close: 0.2217 Mid: 0.2222 | 23 Open: 0.2217 Close: 0.2214 Mid: 0.2213 | 24 Open: 0.2214 Close: 0.2218 Mid: 0.2216 | 25 Open: 0.2218 Close: 0.2214 Mid: 0.2223 | 26 |
27 | 28 Open: 0.2200 Close: 0.2203 Mid: 0.2206 | 29 Open: 0.2203 Close: 0.2194 Mid: 0.2203 | 30 Open: 0.2194 Close: 0.2202 Mid: 0.2201 | 31 Open: 0.2202 Close: 0.2223 Mid: 0.2217 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2223 Close: 0.2221 Mid: 0.2223 | 2 | |||||
3 | 4 Open: 0.2225 Close: 0.2217 Mid: 0.2222 | 5 Open: 0.2217 Close: 0.2215 Mid: 0.2213 | 6 Open: 0.2215 Close: 0.2224 Mid: 0.2217 | 7 Open: 0.2224 Close: 0.2220 Mid: 0.2225 | 8 Open: 0.2220 Close: 0.2241 Mid: 0.2232 | 9 |
10 | 11 Open: 0.2240 Close: 0.2245 Mid: 0.2242 | 12 Open: 0.2245 Close: 0.2253 Mid: 0.2256 | 13 Open: 0.2253 Close: 0.2247 Mid: 0.2246 | 14 Open: 0.2247 Close: 0.2238 Mid: 0.2247 | 15 Open: 0.2238 Close: 0.2253 Mid: 0.2246 | 16 |
17 | 18 Open: 0.2256 Close: 0.2233 Mid: 0.2248 | 19 Open: 0.2234 Close: 0.2233 Mid: 0.2247 | 20 Open: 0.2233 Close: 0.2227 Mid: 0.2230 | 21 Open: 0.2227 Close: 0.2246 Mid: 0.2240 | 22 Open: 0.2246 Close: 0.2227 Mid: 0.2244 | 23 |
24 | 25 Open: 0.2229 Close: 0.2245 Mid: 0.2238 | 26 Open: 0.2245 Close: 0.2266 Mid: 0.2257 | 27 Open: 0.2266 Close: 0.2286 Mid: 0.2278 | 28 Open: 0.2286 Close: 0.2273 Mid: 0.2277 | 29 Open: 0.2273 Close: 0.2291 Mid: 0.2280 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2291 Close: 0.2308 Mid: 0.2302 | 3 Open: 0.2308 Close: 0.2295 Mid: 0.2304 | 4 Open: 0.2294 Close: 0.2274 Mid: 0.2284 | 5 Open: 0.2274 Close: 0.2272 Mid: 0.2272 | 6 Open: 0.2272 Close: 0.2270 Mid: 0.2266 | 7 |
8 | 9 Open: 0.2268 Close: 0.2235 Mid: 0.2253 | 10 Open: 0.2235 Close: 0.2221 Mid: 0.2225 | 11 Open: 0.2221 Close: 0.2222 Mid: 0.2226 | 12 Open: 0.2222 Close: 0.2228 Mid: 0.2225 | 13 Open: 0.2228 Close: 0.2223 Mid: 0.2226 | 14 |
15 | 16 Open: 0.2217 Close: 0.2209 Mid: 0.2218 | 17 Open: 0.2210 Close: 0.2229 Mid: 0.2220 | 18 Open: 0.2224 Close: 0.2229 Mid: 0.2229 | 19 Open: 0.2229 Close: 0.2195 Mid: 0.2212 | 20 Open: 0.2195 Close: 0.2187 Mid: 0.2194 | 21 |
22 | 23 Open: 0.2187 Close: 0.2182 Mid: 0.2183 | 24 Open: 0.2182 Close: 0.2177 Mid: 0.2177 | 25 Open: 0.2182 Close: 0.2177 Mid: 0.2177 | 26 Open: 0.2182 Close: 0.2177 Mid: 0.2177 | 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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