Best New Zealand Dollar / South African Rand Exchange Rate Today: 10.5839
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 10.5521, and the most competitive travel money / cash rates start at approximately 10.4886.
Live rate: 1 NZD = 10.5839 ZAR (+0.5% )
Inverted: 1 ZAR = 0.0945 NZD
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 | 10.5839 | 0 | 10.4781 | |||
10.5521 (indicative) | 0 | 10.5521 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | ||
10.5098 (indicative) | 0 | 10.5098 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | ||
10.5839 | 1.7% | 10.4040 | 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. | ||
10.4886 | 0 | 10.4886 | 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 | 10.2876 (upper range) | Variable | 10.2876 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 10.2135 (lower range) | Variable | 10.2135 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal | 10.1076 | 0 | 10.1076 | International Payments and Transfers |
« | » |
January - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 11.5617 Close: 11.5617 Mid: 11.5617 | 2 Open: 11.5645 Close: 11.6075 Mid: 11.5900 | 3 Open: 11.6073 Close: 11.6963 Mid: 11.6610 | 4 Open: 11.6940 Close: 11.6596 Mid: 11.6871 | 5 Open: 11.6623 Close: 11.6682 Mid: 11.6895 | 6 | |
7 | 8 Open: 11.6598 Close: 11.6276 Mid: 11.6635 | 9 Open: 11.6222 Close: 11.6658 Mid: 11.6301 | 10 Open: 11.6666 Close: 11.6429 Mid: 11.6408 | 11 Open: 11.6416 Close: 11.6211 Mid: 11.6259 | 12 Open: 11.6209 Close: 11.6426 Mid: 11.6378 | 13 |
14 | 15 Open: 11.6488 Close: 11.5788 Mid: 11.6079 | 16 Open: 11.5836 Close: 11.6451 Mid: 11.6137 | 17 Open: 11.6474 Close: 11.6391 Mid: 11.6685 | 18 Open: 11.6504 Close: 11.5861 Mid: 11.6099 | 19 Open: 11.5834 Close: 11.6462 Mid: 11.5987 | 20 |
21 | 22 Open: 11.6212 Close: 11.6650 Mid: 11.6573 | 23 Open: 11.6673 Close: 11.6200 Mid: 11.6284 | 24 Open: 11.6216 Close: 11.5510 Mid: 11.5845 | 25 Open: 11.5421 Close: 11.5320 Mid: 11.5534 | 26 Open: 11.5323 Close: 11.4449 Mid: 11.4956 | 27 |
28 | 29 Open: 11.4464 Close: 11.5421 Mid: 11.4880 | 30 Open: 11.5352 Close: 11.5220 Mid: 11.5486 | 31 Open: 11.5288 Close: 11.4279 Mid: 11.4852 |
February - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 11.4302 Close: 11.4300 Mid: 11.4088 | 2 Open: 11.4303 Close: 11.4661 Mid: 11.4520 | 3 | ||||
4 | 5 Open: 11.4793 Close: 11.5470 Mid: 11.4946 | 6 Open: 11.5455 Close: 11.4824 Mid: 11.5024 | 7 Open: 11.4815 Close: 11.5533 Mid: 11.5209 | 8 Open: 11.5534 Close: 11.5605 Mid: 11.5553 | 9 Open: 11.5620 Close: 11.7069 Mid: 11.6389 | 10 |
11 | 12 Open: 11.6749 Close: 11.5962 Mid: 11.6535 | 13 Open: 11.5953 Close: 11.5949 Mid: 11.5787 | 14 Open: 11.5943 Close: 11.5928 Mid: 11.5846 | 15 Open: 11.5929 Close: 11.5700 Mid: 11.5970 | 16 Open: 11.5686 Close: 11.5704 Mid: 11.5515 | 17 |
18 | 19 Open: 11.5704 Close: 11.6625 Mid: 11.6294 | 20 Open: 11.6628 Close: 11.6588 Mid: 11.7045 | 21 Open: 11.6579 Close: 11.6923 Mid: 11.6546 | 22 Open: 11.6938 Close: 11.8853 Mid: 11.7912 | 23 Open: 11.8718 Close: 11.9596 Mid: 11.9338 | 24 |
25 | 26 Open: 11.9602 Close: 11.9085 Mid: 11.9305 | 27 Open: 11.9087 Close: 11.7788 Mid: 11.8310 | 28 Open: 11.7845 Close: 11.7567 Mid: 11.7671 | 29 Open: 11.7544 Close: 11.6788 Mid: 11.7031 |
March - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 11.6787 Close: 11.6614 Mid: 11.6899 | 2 | |||||
3 | 4 Open: 11.6594 Close: 11.6032 Mid: 11.6259 | 5 Open: 11.6030 Close: 11.5471 Mid: 11.5695 | 6 Open: 11.5480 Close: 11.5399 Mid: 11.5386 | 7 Open: 11.5401 Close: 11.5328 Mid: 11.5609 | 8 Open: 11.5328 Close: 11.5611 Mid: 11.5646 | 9 |
10 | 11 Open: 11.5944 Close: 11.5248 Mid: 11.5529 | 12 Open: 11.5250 Close: 11.4850 Mid: 11.4913 | 13 Open: 11.4849 Close: 11.4397 Mid: 11.4692 | 14 Open: 11.4397 Close: 11.4848 Mid: 11.4815 | 15 Open: 11.4849 Close: 11.4215 Mid: 11.4303 | 16 |
17 | 18 Open: 11.4023 Close: 11.5278 Mid: 11.4877 | 19 Open: 11.5277 Close: 11.4407 Mid: 11.4891 | 20 Open: 11.4409 Close: 11.3734 Mid: 11.4034 | 21 Open: 11.3735 Close: 11.3761 Mid: 11.3701 | 22 Open: 11.3761 Close: 11.3966 Mid: 11.3923 | 23 |
24 | 25 Open: 11.4045 Close: 11.3380 Mid: 11.3775 | 26 Open: 11.3379 Close: 11.3955 Mid: 11.3734 | 27 Open: 11.3956 Close: 11.3535 Mid: 11.3624 | 28 Open: 11.3537 Close: 11.3108 Mid: 11.3544 | 29 Open: 11.3108 Close: 11.2904 Mid: 11.3039 | 30 |
31 |
April - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 11.3307 Close: 11.2766 Mid: 11.2910 | 2 Open: 11.2767 Close: 11.2100 Mid: 11.2488 | 3 Open: 11.2100 Close: 11.2195 Mid: 11.2157 | 4 Open: 11.2196 Close: 11.2745 Mid: 11.2357 | 5 Open: 11.2745 Close: 11.2462 Mid: 11.2334 | 6 | |
7 | 8 Open: 11.2319 Close: 11.2447 Mid: 11.2149 | 9 Open: 11.2446 Close: 11.1847 Mid: 11.2194 | 10 Open: 11.1848 Close: 11.2174 Mid: 11.2281 | 11 Open: 11.2176 Close: 11.2344 Mid: 11.2447 | 12 Open: 11.2345 Close: 11.2046 Mid: 11.2117 | 13 |
14 | 15 Open: 11.2149 Close: 11.2081 Mid: 11.2259 | 16 Open: 11.2081 Close: 11.2038 Mid: 11.2110 | 17 Open: 11.2037 Close: 11.2590 Mid: 11.2297 | 18 Open: 11.2591 Close: 11.3029 Mid: 11.2853 | 19 Open: 11.3030 Close: 11.2525 Mid: 11.2929 | 20 |
21 | 22 Open: 11.2699 Close: 11.3616 Mid: 11.2841 | 23 Open: 11.3615 Close: 11.3374 Mid: 11.3677 | 24 Open: 11.3372 Close: 11.4114 Mid: 11.3802 | 25 Open: 11.4116 Close: 11.3225 Mid: 11.3435 | 26 Open: 11.3225 Close: 11.1705 Mid: 11.2611 | 27 |
28 | 29 Open: 11.1709 Close: 11.1353 Mid: 11.1761 | 30 Open: 11.1359 Close: 11.0601 Mid: 11.1290 |
May - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 11.0600 Close: 11.0324 Mid: 11.0213 | 2 Open: 11.0324 Close: 11.0586 Mid: 11.0391 | 3 Open: 11.0584 Close: 11.1258 Mid: 11.1109 | 4 | |||
5 | 6 Open: 11.1154 Close: 11.1079 Mid: 11.1068 | 7 Open: 11.1079 Close: 11.1130 Mid: 11.1101 | 8 Open: 11.1129 Close: 11.1510 Mid: 11.1352 | 9 Open: 11.1509 Close: 11.1435 Mid: 11.1452 | 10 Open: 11.1436 Close: 11.1011 Mid: 11.1143 | 11 |
12 | 13 Open: 11.1021 Close: 11.0524 Mid: 11.0586 | 14 Open: 11.0523 Close: 11.1090 Mid: 11.0974 | 15 Open: 11.1091 Close: 11.1854 Mid: 11.1510 | 16 Open: 11.1852 Close: 11.1343 Mid: 11.1640 | 17 Open: 11.1343 Close: 11.1425 Mid: 11.1375 | 18 |
19 | 20 Open: 11.1481 Close: 11.1027 Mid: 11.1344 | 21 Open: 11.1027 Close: 11.0112 Mid: 11.0679 | 22 Open: 11.0112 Close: 11.1471 Mid: 11.1151 | 23 Open: 11.1461 Close: 11.2722 Mid: 11.2187 | 24 Open: 11.2721 Close: 11.2740 Mid: 11.2492 | 25 |
26 | 27 Open: 11.2665 Close: 11.2911 Mid: 11.2902 | 28 Open: 11.2911 Close: 11.2259 Mid: 11.2903 | 29 Open: 11.2258 Close: 11.2862 Mid: 11.2335 | 30 Open: 11.2843 Close: 11.4677 Mid: 11.3644 | 31 Open: 11.4677 Close: 11.5502 Mid: 11.5005 |
June - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 11.5785 Close: 11.4668 Mid: 11.5119 | 4 Open: 11.4668 Close: 11.5600 Mid: 11.5146 | 5 Open: 11.5599 Close: 11.7329 Mid: 11.6388 | 6 Open: 11.7330 Close: 11.7677 Mid: 11.7302 | 7 Open: 11.7675 Close: 11.5306 Mid: 11.6283 | 8 |
9 | 10 Open: 11.5214 Close: 11.4716 Mid: 11.4922 | 11 Open: 11.4716 Close: 11.4213 Mid: 11.4457 | 12 Open: 11.4206 Close: 11.3721 Mid: 11.4177 | 13 Open: 11.3721 Close: 11.3655 Mid: 11.3770 | 14 Open: 11.3659 Close: 11.2933 Mid: 11.2995 | 15 |
16 | 17 Open: 11.2852 Close: 11.1881 Mid: 11.2104 | 18 Open: 11.1887 Close: 11.0857 Mid: 11.1261 | 19 Open: 11.0857 Close: 11.0138 Mid: 11.0445 | 20 Open: 11.0137 Close: 11.0014 Mid: 11.0596 | 21 Open: 11.0015 Close: 10.9943 Mid: 10.9866 | 22 |
23 | 24 Open: 11.0164 Close: 11.0905 Mid: 11.0831 | 25 Open: 11.0906 Close: 11.1638 Mid: 11.1156 | 26 Open: 11.1643 Close: 11.0502 Mid: 11.1195 | 27 Open: 11.0498 Close: 11.2360 Mid: 11.1584 | 28 Open: 11.2360 Close: 11.0857 Mid: 11.1427 | 29 |
30 |
July - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 10.9843 Close: 11.1677 Mid: 11.0737 | 2 Open: 11.1676 Close: 11.3025 Mid: 11.2379 | 3 Open: 11.3028 Close: 11.2382 Mid: 11.2451 | 4 Open: 11.2382 Close: 11.1700 Mid: 11.2196 | 5 Open: 11.1697 Close: 11.1691 Mid: 11.1654 | 6 | |
7 | 8 Open: 11.1887 Close: 11.1020 Mid: 11.1440 | 9 Open: 11.0973 Close: 11.1222 Mid: 11.1076 | 10 Open: 11.1222 Close: 11.0237 Mid: 11.0499 | 11 Open: 11.0235 Close: 10.9729 Mid: 11.0030 | 12 Open: 10.9729 Close: 10.9862 Mid: 10.9886 | 13 |
14 | 15 Open: 10.9999 Close: 11.0536 Mid: 11.0534 | 16 Open: 11.0536 Close: 10.9185 Mid: 11.0012 | 17 Open: 10.9185 Close: 11.0673 Mid: 11.0183 | 18 Open: 11.0673 Close: 11.0400 Mid: 11.0374 | 19 Open: 11.0400 Close: 10.9817 Mid: 11.0318 | 20 |
21 | 22 Open: 10.9983 Close: 10.9123 Mid: 10.9583 | 23 Open: 10.9123 Close: 10.9570 Mid: 10.9554 | 24 Open: 10.9571 Close: 10.8919 Mid: 10.8960 | 25 Open: 10.8920 Close: 10.8116 Mid: 10.8857 | 26 Open: 10.8116 Close: 10.7668 Mid: 10.7872 | 27 |
28 | 29 Open: 10.7936 Close: 10.8349 Mid: 10.8108 | 30 Open: 10.8350 Close: 10.8172 Mid: 10.8166 | 31 Open: 10.8173 Close: 10.8323 Mid: 10.8058 |
August - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 10.8324 Close: 10.8727 Mid: 10.8433 | 2 Open: 10.8725 Close: 10.8895 Mid: 10.8693 | 3 | ||||
4 | 5 Open: 10.8778 Close: 11.0009 Mid: 10.9238 | 6 Open: 11.0010 Close: 11.0062 Mid: 10.9929 | 7 Open: 11.0057 Close: 11.0374 Mid: 11.0050 | 8 Open: 11.0366 Close: 11.0442 Mid: 11.0275 | 9 Open: 11.0441 Close: 10.9943 Mid: 11.0191 | 10 |
11 | 12 Open: 10.9919 Close: 10.9823 Mid: 10.9831 | 13 Open: 10.9823 Close: 11.0040 Mid: 10.9925 | 14 Open: 11.0039 Close: 10.8442 Mid: 10.9235 | 15 Open: 10.8438 Close: 10.7729 Mid: 10.8214 | 16 Open: 10.7731 Close: 10.8158 Mid: 10.7790 | 17 |
18 | 19 Open: 10.7875 Close: 10.8239 Mid: 10.8129 | 20 Open: 10.8238 Close: 10.9606 Mid: 10.9147 | 21 Open: 10.9605 Close: 10.9764 Mid: 10.9850 | 22 Open: 10.9765 Close: 11.0604 Mid: 11.0275 | 23 Open: 11.0599 Close: 11.0468 Mid: 11.0401 | 24 |
25 | 26 Open: 11.0231 Close: 11.0053 Mid: 11.0322 | 27 Open: 11.0054 Close: 11.0754 Mid: 11.0376 | 28 Open: 11.0753 Close: 11.1373 Mid: 11.1068 | 29 Open: 11.1371 Close: 11.1122 Mid: 11.1225 | 30 Open: 11.1122 Close: 11.1401 Mid: 11.0899 | 31 |
September - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 11.1248 Close: 11.1073 Mid: 11.1387 | 3 Open: 11.1076 Close: 11.1228 Mid: 11.1242 | 4 Open: 11.1230 Close: 11.0753 Mid: 11.0968 | 5 Open: 11.0753 Close: 11.0225 Mid: 11.0334 | 6 Open: 11.0228 Close: 11.0221 Mid: 11.0203 | 7 |
8 | 9 Open: 11.0244 Close: 10.9811 Mid: 11.0115 | 10 Open: 10.9813 Close: 11.0356 Mid: 11.0113 | 11 Open: 11.0357 Close: 10.9859 Mid: 10.9916 | 12 Open: 10.9859 Close: 10.9947 Mid: 11.0188 | 13 Open: 10.9941 Close: 10.9350 Mid: 10.9593 | 14 |
15 | 16 Open: 10.9442 Close: 10.9262 Mid: 10.9376 | 17 Open: 10.9262 Close: 10.8783 Mid: 10.9025 | 18 Open: 10.8782 Close: 10.8954 Mid: 10.9091 | 19 Open: 10.8953 Close: 10.9172 Mid: 10.9282 | 20 Open: 10.9170 Close: 10.8714 Mid: 10.9307 | 21 |
22 | 23 Open: 10.8992 Close: 10.8713 Mid: 10.8643 | 24 Open: 10.8713 Close: 10.9449 Mid: 10.8952 | 25 Open: 10.9449 Close: 10.8180 Mid: 10.8960 | 26 Open: 10.8181 Close: 10.8713 Mid: 10.8278 | 27 Open: 10.8713 Close: 10.8541 Mid: 10.8627 | 28 |
29 | 30 Open: 10.8312 Close: 10.9628 Mid: 10.9088 |
October - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 10.9630 Close: 10.9246 Mid: 10.9316 | 2 Open: 10.9246 Close: 10.8731 Mid: 10.9321 | 3 Open: 10.8727 Close: 10.8800 Mid: 10.8302 | 4 Open: 10.8799 Close: 10.7715 Mid: 10.8314 | 5 | ||
6 | 7 Open: 10.7769 Close: 10.6455 Mid: 10.7147 | 8 Open: 10.6455 Close: 10.7937 Mid: 10.7124 | 9 Open: 10.7933 Close: 10.7067 Mid: 10.7357 | 10 Open: 10.7063 Close: 10.6784 Mid: 10.6844 | 11 Open: 10.6786 Close: 10.6306 Mid: 10.6507 | 12 |
13 | 14 Open: 10.6181 Close: 10.7136 Mid: 10.6608 | 15 Open: 10.7136 Close: 10.7331 Mid: 10.7199 | 16 Open: 10.7328 Close: 10.6785 Mid: 10.6744 | 17 Open: 10.6785 Close: 10.7127 Mid: 10.7259 | 18 Open: 10.7131 Close: 10.6847 Mid: 10.6780 | 19 |
20 | 21 Open: 10.6604 Close: 10.6239 Mid: 10.6693 | 22 Open: 10.6239 Close: 10.5966 Mid: 10.6148 | 23 Open: 10.5967 Close: 10.6834 Mid: 10.6596 | 24 Open: 10.6829 Close: 10.6222 Mid: 10.6582 | 25 Open: 10.6221 Close: 10.5623 Mid: 10.5938 | 26 |
27 | 28 Open: 10.5472 Close: 10.5855 Mid: 10.5924 | 29 Open: 10.5853 Close: 10.5532 Mid: 10.5656 | 30 Open: 10.5537 Close: 10.5449 Mid: 10.5352 | 31 Open: 10.5449 Close: 10.5213 Mid: 10.5529 |
November - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 10.5211 Close: 10.5292 Mid: 10.5295 | 2 | |||||
3 | 4 Open: 10.5169 Close: 10.4600 Mid: 10.5041 | 5 Open: 10.4601 Close: 10.4522 Mid: 10.4547 | 6 Open: 10.4521 Close: 10.4689 Mid: 10.5201 | 7 Open: 10.4688 Close: 10.4267 Mid: 10.4574 | 8 Open: 10.4268 Close: 10.4932 Mid: 10.4609 | 9 |
10 | 11 Open: 10.5060 Close: 10.6926 Mid: 10.5931 | 12 Open: 10.6927 Close: 10.7303 Mid: 10.7375 | 13 Open: 10.7303 Close: 10.7246 Mid: 10.7011 | 14 Open: 10.7246 Close: 10.6900 Mid: 10.7192 | 15 Open: 10.6900 Close: 10.6678 Mid: 10.6838 | 16 |
17 | 18 Open: 10.6711 Close: 10.5821 Mid: 10.6043 | 19 Open: 10.5821 Close: 10.6741 Mid: 10.6225 | 20 Open: 10.6741 Close: 10.6461 Mid: 10.6670 | 21 Open: 10.6461 Close: 10.6103 Mid: 10.6169 | 22 Open: 10.6105 Close: 10.5700 Mid: 10.5503 | 23 |
24 | 25 Open: 10.5680 Close: 10.5507 Mid: 10.5596 | 26 Open: 10.5507 Close: 10.6055 Mid: 10.5661 | 27 Open: 10.6063 Close: 10.7219 Mid: 10.6924 | 28 Open: 10.7217 Close: 10.6652 Mid: 10.7063 | 29 Open: 10.6656 Close: 10.6997 Mid: 10.6776 | 30 |
December - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 10.7126 Close: 10.6761 Mid: 10.6991 | 3 Open: 10.6762 Close: 10.6449 Mid: 10.6563 | 4 Open: 10.6449 Close: 10.6326 Mid: 10.6351 | 5 Open: 10.6326 Close: 10.6038 Mid: 10.6103 | 6 Open: 10.6036 Close: 10.5113 Mid: 10.5617 | 7 |
8 | 9 Open: 10.5227 Close: 10.4282 Mid: 10.4527 | 10 Open: 10.4283 Close: 10.3272 Mid: 10.3939 | 11 Open: 10.3273 Close: 10.2417 Mid: 10.2857 | 12 Open: 10.2416 Close: 10.2648 Mid: 10.2448 | 13 Open: 10.2650 Close: 10.2966 Mid: 10.3327 | 14 |
15 | 16 Open: 10.3009 Close: 10.3278 Mid: 10.3205 | 17 Open: 10.3276 Close: 10.4136 Mid: 10.3860 | 18 Open: 10.4135 Close: 10.3097 Mid: 10.3481 | 19 Open: 10.3095 Close: 10.3644 Mid: 10.3381 | 20 Open: 10.3639 Close: 10.3577 Mid: 10.3471 | 21 |
22 | 23 Open: 10.3403 Close: 10.4829 Mid: 10.4115 | 24 Open: 10.4830 Close: 10.5546 Mid: 10.4996 | 25 Open: 10.4830 Close: 10.5546 Mid: 10.4996 | 26 Open: 10.5549 Close: 10.5981 Mid: 10.5608 | 27 Open: 10.5979 Close: 10.5309 Mid: 10.5375 | 28 |
29 | 30 Open: 10.5344 Close: 10.5352 Mid: 10.5358 | 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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