Best Japanese Yen / Turkish Lira Exchange Rate Today: 0.2242
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.2235, and the most competitive travel money / cash rates start at approximately 0.2222.
Live rate: 1 JPY = 0.2242 TRY (+0.2235% )
Inverted: 1 TRY = 4.4603 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 | 0.2242 | 0 | 0.2220 | |||
 | 0.2235 (indicative) | 0 | 0.2235 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.2226 (indicative) | 0 | 0.2226 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.2242 | 92% | 0.0179 | 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. | |
 | 0.2222 | 0 | 0.2222 | 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  | 0.2179 (upper range) | Variable | 0.2179 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.2164 (lower range) | Variable | 0.2164 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.2141 | 0 | 0.2141 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2094 Close: 0.2094 Mid: 0.2094 | 2 Open: 0.2094 Close: 0.2094 Mid: 0.2098 | 3 Open: 0.2094 Close: 0.2077 Mid: 0.2086 | 4 Open: 0.2078 Close: 0.2057 Mid: 0.2073 | 5 Open: 0.2057 Close: 0.2064 Mid: 0.2060 | 6 | |
7 | 8 Open: 0.2062 Close: 0.2070 Mid: 0.2071 | 9 Open: 0.2074 Close: 0.2071 Mid: 0.2078 | 10 Open: 0.2072 Close: 0.2055 Mid: 0.2065 | 11 Open: 0.2056 Close: 0.2065 Mid: 0.2056 | 12 Open: 0.2065 Close: 0.2077 Mid: 0.2080 | 13 |
14 | 15 Open: 0.2071 Close: 0.2064 Mid: 0.2065 | 16 Open: 0.2064 Close: 0.2048 Mid: 0.2054 | 17 Open: 0.2045 Close: 0.2033 Mid: 0.2037 | 18 Open: 0.2034 Close: 0.2034 Mid: 0.2035 | 19 Open: 0.2034 Close: 0.2038 Mid: 0.2036 | 20 |
21 | 22 Open: 0.2038 Close: 0.2041 Mid: 0.2044 | 23 Open: 0.2042 Close: 0.2039 Mid: 0.2051 | 24 Open: 0.2039 Close: 0.2050 Mid: 0.2050 | 25 Open: 0.2049 Close: 0.2051 Mid: 0.2051 | 26 Open: 0.2050 Close: 0.2047 Mid: 0.2047 | 27 |
28 | 29 Open: 0.2045 Close: 0.2057 Mid: 0.2052 | 30 Open: 0.2058 Close: 0.2056 Mid: 0.2068 | 31 Open: 0.2056 Close: 0.2064 Mid: 0.2064 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2065 Close: 0.2071 Mid: 0.2072 | 2 Open: 0.2073 Close: 0.2056 Mid: 0.2072 | 3 | ||||
4 | 5 Open: 0.2061 Close: 0.2048 Mid: 0.2058 | 6 Open: 0.2054 Close: 0.2065 Mid: 0.2059 | 7 Open: 0.2056 Close: 0.2064 Mid: 0.2061 | 8 Open: 0.2064 Close: 0.2047 Mid: 0.2056 | 9 Open: 0.2050 Close: 0.2056 Mid: 0.2041 | 10 |
11 | 12 Open: 0.2061 Close: 0.2058 Mid: 0.2060 | 13 Open: 0.2057 Close: 0.2037 Mid: 0.2036 | 14 Open: 0.2037 Close: 0.2042 Mid: 0.2043 | 15 Open: 0.2042 Close: 0.2025 Mid: 0.2041 | 16 Open: 0.2051 Close: 0.2054 Mid: 0.2052 | 17 |
18 | 19 Open: 0.2036 Close: 0.2055 Mid: 0.2044 | 20 Open: 0.2055 Close: 0.2061 Mid: 0.2060 | 21 Open: 0.2062 Close: 0.2063 Mid: 0.2068 | 22 Open: 0.2063 Close: 0.2052 Mid: 0.2047 | 23 Open: 0.2028 Close: 0.2045 Mid: 0.2045 | 24 |
25 | 26 Open: 0.2067 Close: 0.2063 Mid: 0.2070 | 27 Open: 0.2065 Close: 0.2069 Mid: 0.2075 | 28 Open: 0.2070 Close: 0.2070 Mid: 0.2076 | 29 Open: 0.2071 Close: 0.2082 Mid: 0.2080 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2083 Close: 0.2090 Mid: 0.2086 | 2 | |||||
3 | 4 Open: 0.2093 Close: 0.2097 Mid: 0.2101 | 5 Open: 0.2097 Close: 0.2107 Mid: 0.2108 | 6 Open: 0.2108 Close: 0.2126 Mid: 0.2121 | 7 Open: 0.2126 Close: 0.2152 Mid: 0.2148 | 8 Open: 0.2152 Close: 0.2170 Mid: 0.2169 | 9 |
10 | 11 Open: 0.2181 Close: 0.2179 Mid: 0.2180 | 12 Open: 0.2179 Close: 0.2171 Mid: 0.2185 | 13 Open: 0.2171 Close: 0.2160 Mid: 0.2188 | 14 Open: 0.2159 Close: 0.2168 Mid: 0.2169 | 15 Open: 0.2168 Close: 0.2150 Mid: 0.2182 | 16 |
17 | 18 Open: 0.2157 Close: 0.2166 Mid: 0.2160 | 19 Open: 0.2166 Close: 0.2145 Mid: 0.2160 | 20 Open: 0.2145 Close: 0.2136 Mid: 0.2138 | 21 Open: 0.2135 Close: 0.2113 Mid: 0.2124 | 22 Open: 0.2113 Close: 0.2114 Mid: 0.2115 | 23 |
24 | 25 Open: 0.2106 Close: 0.2123 Mid: 0.2121 | 26 Open: 0.2123 Close: 0.2124 Mid: 0.2127 | 27 Open: 0.2124 Close: 0.2135 Mid: 0.2131 | 28 Open: 0.2135 Close: 0.2138 Mid: 0.2137 | 29 Open: 0.2138 Close: 0.2144 Mid: 0.2145 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2140 Close: 0.2127 Mid: 0.2128 | 2 Open: 0.2127 Close: 0.2115 Mid: 0.2121 | 3 Open: 0.2115 Close: 0.2106 Mid: 0.2108 | 4 Open: 0.2106 Close: 0.2108 Mid: 0.2108 | 5 Open: 0.2108 Close: 0.2113 Mid: 0.2110 | 6 | |
7 | 8 Open: 0.2113 Close: 0.2108 Mid: 0.2113 | 9 Open: 0.2108 Close: 0.2125 Mid: 0.2116 | 10 Open: 0.2125 Close: 0.2109 Mid: 0.2119 | 11 Open: 0.2109 Close: 0.2108 Mid: 0.2109 | 12 Open: 0.2108 Close: 0.2111 Mid: 0.2137 | 13 |
14 | 15 Open: 0.2110 Close: 0.2102 Mid: 0.2110 | 16 Open: 0.2102 Close: 0.2100 Mid: 0.2102 | 17 Open: 0.2100 Close: 0.2102 Mid: 0.2106 | 18 Open: 0.2102 Close: 0.2104 Mid: 0.2106 | 19 Open: 0.2104 Close: 0.2102 Mid: 0.2114 | 20 |
21 | 22 Open: 0.2097 Close: 0.2100 Mid: 0.2104 | 23 Open: 0.2100 Close: 0.2102 Mid: 0.2104 | 24 Open: 0.2102 Close: 0.2095 Mid: 0.2098 | 25 Open: 0.2095 Close: 0.2089 Mid: 0.2094 | 26 Open: 0.2089 Close: 0.2052 Mid: 0.2074 | 27 |
28 | 29 Open: 0.2058 Close: 0.2078 Mid: 0.2061 | 30 Open: 0.2078 Close: 0.2054 Mid: 0.2066 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2054 Close: 0.2102 Mid: 0.2084 | 2 Open: 0.2102 Close: 0.2107 Mid: 0.2092 | 3 Open: 0.2107 Close: 0.2114 Mid: 0.2118 | 4 | |||
5 | 6 Open: 0.2113 Close: 0.2096 Mid: 0.2098 | 7 Open: 0.2096 Close: 0.2085 Mid: 0.2090 | 8 Open: 0.2086 Close: 0.2073 Mid: 0.2080 | 9 Open: 0.2074 Close: 0.2074 Mid: 0.2075 | 10 Open: 0.2074 Close: 0.2079 Mid: 0.2074 | 11 |
12 | 13 Open: 0.2071 Close: 0.2066 Mid: 0.2068 | 14 Open: 0.2066 Close: 0.2064 Mid: 0.2064 | 15 Open: 0.2064 Close: 0.2077 Mid: 0.2074 | 16 Open: 0.2076 Close: 0.2076 Mid: 0.2082 | 17 Open: 0.2076 Close: 0.2068 Mid: 0.2074 | 18 |
19 | 20 Open: 0.2065 Close: 0.2061 Mid: 0.2067 | 21 Open: 0.2061 Close: 0.2062 Mid: 0.2061 | 22 Open: 0.2062 Close: 0.2053 Mid: 0.2062 | 23 Open: 0.2053 Close: 0.2051 Mid: 0.2054 | 24 Open: 0.2051 Close: 0.2053 Mid: 0.2054 | 25 |
26 | 27 Open: 0.2051 Close: 0.2048 Mid: 0.2040 | 28 Open: 0.2048 Close: 0.2051 Mid: 0.2052 | 29 Open: 0.2051 Close: 0.2047 Mid: 0.2050 | 30 Open: 0.2047 Close: 0.2054 Mid: 0.2056 | 31 Open: 0.2054 Close: 0.2048 Mid: 0.2054 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.2046 Close: 0.2062 Mid: 0.2054 | 4 Open: 0.2062 Close: 0.2102 Mid: 0.2085 | 5 Open: 0.2103 Close: 0.2066 Mid: 0.2086 | 6 Open: 0.2066 Close: 0.2071 Mid: 0.2069 | 7 Open: 0.2071 Close: 0.2064 Mid: 0.2069 | 8 |
9 | 10 Open: 0.2072 Close: 0.2061 Mid: 0.2068 | 11 Open: 0.2061 Close: 0.2059 Mid: 0.2060 | 12 Open: 0.2059 Close: 0.2061 Mid: 0.2065 | 13 Open: 0.2061 Close: 0.2058 Mid: 0.2059 | 14 Open: 0.2058 Close: 0.2083 Mid: 0.2070 | 15 |
16 | 17 Open: 0.2082 Close: 0.2079 Mid: 0.2082 | 18 Open: 0.2079 Close: 0.2060 Mid: 0.2072 | 19 Open: 0.2060 Close: 0.2058 Mid: 0.2063 | 20 Open: 0.2058 Close: 0.2065 Mid: 0.2064 | 21 Open: 0.2065 Close: 0.2055 Mid: 0.2064 | 22 |
23 | 24 Open: 0.2054 Close: 0.2062 Mid: 0.2061 | 25 Open: 0.2062 Close: 0.2064 Mid: 0.2068 | 26 Open: 0.2064 Close: 0.2043 Mid: 0.2055 | 27 Open: 0.2043 Close: 0.2043 Mid: 0.2047 | 28 Open: 0.2043 Close: 0.2034 Mid: 0.2042 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2039 Close: 0.2023 Mid: 0.2032 | 2 Open: 0.2023 Close: 0.2016 Mid: 0.2021 | 3 Open: 0.2016 Close: 0.2013 Mid: 0.2017 | 4 Open: 0.2013 Close: 0.2020 Mid: 0.2019 | 5 Open: 0.2020 Close: 0.2032 Mid: 0.2029 | 6 | |
7 | 8 Open: 0.2033 Close: 0.2033 Mid: 0.2035 | 9 Open: 0.2034 Close: 0.2038 Mid: 0.2038 | 10 Open: 0.2038 Close: 0.2031 Mid: 0.2037 | 11 Open: 0.2031 Close: 0.2067 Mid: 0.2057 | 12 Open: 0.2068 Close: 0.2092 Mid: 0.2082 | 13 |
14 | 15 Open: 0.2089 Close: 0.2088 Mid: 0.2093 | 16 Open: 0.2088 Close: 0.2087 Mid: 0.2088 | 17 Open: 0.2087 Close: 0.2118 Mid: 0.2105 | 18 Open: 0.2118 Close: 0.2102 Mid: 0.2116 | 19 Open: 0.2102 Close: 0.2096 Mid: 0.2100 | 20 |
21 | 22 Open: 0.2101 Close: 0.2096 Mid: 0.2103 | 23 Open: 0.2096 Close: 0.2113 Mid: 0.2105 | 24 Open: 0.2113 Close: 0.2133 Mid: 0.2126 | 25 Open: 0.2133 Close: 0.2143 Mid: 0.2156 | 26 Open: 0.2143 Close: 0.2143 Mid: 0.2146 | 27 |
28 | 29 Open: 0.2148 Close: 0.2148 Mid: 0.2147 | 30 Open: 0.2148 Close: 0.2166 Mid: 0.2149 | 31 Open: 0.2166 Close: 0.2210 Mid: 0.2184 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2210 Close: 0.2216 Mid: 0.2212 | 2 Open: 0.2216 Close: 0.2266 Mid: 0.2244 | 3 | ||||
4 | 5 Open: 0.2268 Close: 0.2313 Mid: 0.2314 | 6 Open: 0.2313 Close: 0.2329 Mid: 0.2305 | 7 Open: 0.2329 Close: 0.2282 Mid: 0.2312 | 8 Open: 0.2282 Close: 0.2276 Mid: 0.2287 | 9 Open: 0.2276 Close: 0.2285 Mid: 0.2283 | 10 |
11 | 12 Open: 0.2286 Close: 0.2282 Mid: 0.2275 | 13 Open: 0.2281 Close: 0.2284 Mid: 0.2280 | 14 Open: 0.2284 Close: 0.2280 Mid: 0.2285 | 15 Open: 0.2280 Close: 0.2253 Mid: 0.2266 | 16 Open: 0.2253 Close: 0.2282 Mid: 0.2272 | 17 |
18 | 19 Open: 0.2283 Close: 0.2303 Mid: 0.2301 | 20 Open: 0.2303 Close: 0.2333 Mid: 0.2314 | 21 Open: 0.2333 Close: 0.2332 Mid: 0.2330 | 22 Open: 0.2332 Close: 0.2319 Mid: 0.2330 | 23 Open: 0.2319 Close: 0.2354 Mid: 0.2337 | 24 |
25 | 26 Open: 0.2352 Close: 0.2353 Mid: 0.2375 | 27 Open: 0.2353 Close: 0.2363 Mid: 0.2354 | 28 Open: 0.2363 Close: 0.2355 Mid: 0.2388 | 29 Open: 0.2355 Close: 0.2350 Mid: 0.2357 | 30 Open: 0.2350 Close: 0.2332 Mid: 0.2344 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2330 Close: 0.2306 Mid: 0.2322 | 3 Open: 0.2306 Close: 0.2337 Mid: 0.2323 | 4 Open: 0.2337 Close: 0.2367 Mid: 0.2354 | 5 Open: 0.2367 Close: 0.2367 Mid: 0.2368 | 6 Open: 0.2367 Close: 0.2388 Mid: 0.2382 | 7 |
8 | 9 Open: 0.2389 Close: 0.2379 Mid: 0.2383 | 10 Open: 0.2379 Close: 0.2389 Mid: 0.2384 | 11 Open: 0.2389 Close: 0.2387 Mid: 0.2401 | 12 Open: 0.2387 Close: 0.2391 Mid: 0.2386 | 13 Open: 0.2391 Close: 0.2408 Mid: 0.2407 | 14 |
15 | 16 Open: 0.2411 Close: 0.2418 Mid: 0.2418 | 17 Open: 0.2418 Close: 0.2393 Mid: 0.2411 | 18 Open: 0.2393 Close: 0.2395 Mid: 0.2410 | 19 Open: 0.2395 Close: 0.2386 Mid: 0.2386 | 20 Open: 0.2386 Close: 0.2372 Mid: 0.2383 | 21 |
22 | 23 Open: 0.2371 Close: 0.2377 Mid: 0.2375 | 24 Open: 0.2377 Close: 0.2382 Mid: 0.2373 | 25 Open: 0.2382 Close: 0.2359 Mid: 0.2372 | 26 Open: 0.2359 Close: 0.2358 Mid: 0.2362 | 27 Open: 0.2358 Close: 0.2402 Mid: 0.2373 | 28 |
29 | 30 Open: 0.2407 Close: 0.2381 Mid: 0.2398 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2381 Close: 0.2380 Mid: 0.2377 | 2 Open: 0.2380 Close: 0.2336 Mid: 0.2362 | 3 Open: 0.2336 Close: 0.2324 Mid: 0.2328 | 4 Open: 0.2324 Close: 0.2304 Mid: 0.2322 | 5 | ||
6 | 7 Open: 0.2303 Close: 0.2312 Mid: 0.2308 | 8 Open: 0.2312 Close: 0.2312 Mid: 0.2317 | 9 Open: 0.2312 Close: 0.2293 Mid: 0.2305 | 10 Open: 0.2293 Close: 0.2301 Mid: 0.2297 | 11 Open: 0.2301 Close: 0.2299 Mid: 0.2301 | 12 |
13 | 14 Open: 0.2301 Close: 0.2288 Mid: 0.2293 | 15 Open: 0.2288 Close: 0.2293 Mid: 0.2294 | 16 Open: 0.2293 Close: 0.2284 Mid: 0.2291 | 17 Open: 0.2284 Close: 0.2272 Mid: 0.2280 | 18 Open: 0.2272 Close: 0.2291 Mid: 0.2282 | 19 |
20 | 21 Open: 0.2289 Close: 0.2270 Mid: 0.2285 | 22 Open: 0.2270 Close: 0.2267 Mid: 0.2270 | 23 Open: 0.2267 Close: 0.2245 Mid: 0.2251 | 24 Open: 0.2245 Close: 0.2256 Mid: 0.2251 | 25 Open: 0.2256 Close: 0.2252 Mid: 0.2258 | 26 |
27 | 28 Open: 0.2239 Close: 0.2237 Mid: 0.2240 | 29 Open: 0.2237 Close: 0.2235 Mid: 0.2240 | 30 Open: 0.2235 Close: 0.2234 Mid: 0.2237 | 31 Open: 0.2234 Close: 0.2253 Mid: 0.2246 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2253 Close: 0.2245 Mid: 0.2252 | 2 | |||||
3 | 4 Open: 0.2257 Close: 0.2258 Mid: 0.2259 | 5 Open: 0.2258 Close: 0.2262 Mid: 0.2260 | 6 Open: 0.2262 Close: 0.2212 Mid: 0.2235 | 7 Open: 0.2212 Close: 0.2238 Mid: 0.2228 | 8 Open: 0.2238 Close: 0.2252 Mid: 0.2248 | 9 |
10 | 11 Open: 0.2250 Close: 0.2234 Mid: 0.2239 | 12 Open: 0.2234 Close: 0.2222 Mid: 0.2226 | 13 Open: 0.2222 Close: 0.2209 Mid: 0.2217 | 14 Open: 0.2210 Close: 0.2197 Mid: 0.2202 | 15 Open: 0.2197 Close: 0.2232 Mid: 0.2223 | 16 |
17 | 18 Open: 0.2245 Close: 0.2232 Mid: 0.2237 | 19 Open: 0.2232 Close: 0.2229 Mid: 0.2250 | 20 Open: 0.2229 Close: 0.2217 Mid: 0.2221 | 21 Open: 0.2217 Close: 0.2233 Mid: 0.2227 | 22 Open: 0.2233 Close: 0.2233 Mid: 0.2236 | 23 |
24 | 25 Open: 0.2242 Close: 0.2242 Mid: 0.2243 | 26 Open: 0.2242 Close: 0.2263 Mid: 0.2255 | 27 Open: 0.2263 Close: 0.2292 Mid: 0.2283 | 28 Open: 0.2292 Close: 0.2286 Mid: 0.2286 | 29 Open: 0.2286 Close: 0.2318 Mid: 0.2306 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2318 Close: 0.2321 Mid: 0.2318 | 3 Open: 0.2321 Close: 0.2322 Mid: 0.2327 | 4 Open: 0.2322 Close: 0.2307 Mid: 0.2313 | 5 Open: 0.2307 Close: 0.2313 Mid: 0.2312 | 6 Open: 0.2313 Close: 0.2315 Mid: 0.2318 | 7 |
8 | 9 Open: 0.2322 Close: 0.2303 Mid: 0.2313 | 10 Open: 0.2303 Close: 0.2294 Mid: 0.2299 | 11 Open: 0.2294 Close: 0.2288 Mid: 0.2295 | 12 Open: 0.2288 Close: 0.2285 Mid: 0.2289 | 13 Open: 0.2285 Close: 0.2276 Mid: 0.2283 | 14 |
15 | 16 Open: 0.2269 Close: 0.2267 Mid: 0.2270 | 17 Open: 0.2267 Close: 0.2278 Mid: 0.2275 | 18 Open: 0.2278 Close: 0.2263 Mid: 0.2272 | 19 Open: 0.2263 Close: 0.2230 Mid: 0.2247 | 20 Open: 0.2230 Close: 0.2250 Mid: 0.2245 | 21 |
22 | 23 Open: 0.2249 Close: 0.2240 Mid: 0.2245 | 24 Open: 0.2240 Close: 0.2237 Mid: 0.2239 | 25 Open: 0.2240 Close: 0.2237 Mid: 0.2239 | 26 Open: 0.2237 Close: 0.2235 Mid: 0.2236 | 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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