Best Norwegian Krone / Chinese Yuan Exchange Rate Today: 0.6418
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.6399, and the most competitive travel money / cash rates start at approximately 0.6360.
Live rate: 1 NOK = 0.6418 CNY (+0.0312% )
Inverted: 1 CNY = 1.5581 NOK
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 | 0.6418 | 0 | 0.6354 | |||
 | 0.6399 (indicative) | 0 | 0.6399 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.6373 (indicative) | 0 | 0.6373 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.6418 | 5.67% | 0.6054 | 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. | |
 | 0.6360 | 0 | 0.6360 | 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  | 0.6238 (upper range) | Variable | 0.6238 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.6193 (lower range) | Variable | 0.6193 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.6129 | 0 | 0.6129 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6929 Close: 0.6966 Mid: 0.6953 | 2 Open: 0.6964 Close: 0.6858 Mid: 0.6925 | 3 Open: 0.6857 Close: 0.6867 Mid: 0.6862 | 4 Open: 0.6870 Close: 0.6912 Mid: 0.6880 | 5 Open: 0.6910 Close: 0.6893 Mid: 0.6889 | 6 | |
7 | 8 Open: 0.6850 Close: 0.6846 Mid: 0.6854 | 9 Open: 0.6848 Close: 0.6858 Mid: 0.6863 | 10 Open: 0.6858 Close: 0.6867 Mid: 0.6875 | 11 Open: 0.6868 Close: 0.6882 Mid: 0.6875 | 12 Open: 0.6882 Close: 0.6911 Mid: 0.6902 | 13 |
14 | 15 Open: 0.6919 Close: 0.6858 Mid: 0.6893 | 16 Open: 0.6865 Close: 0.6808 Mid: 0.6838 | 17 Open: 0.6807 Close: 0.6782 Mid: 0.6786 | 18 Open: 0.6782 Close: 0.6757 Mid: 0.6769 | 19 Open: 0.6759 Close: 0.6774 Mid: 0.6780 | 20 |
21 | 22 Open: 0.6780 Close: 0.6758 Mid: 0.6775 | 23 Open: 0.6761 Close: 0.6743 Mid: 0.6754 | 24 Open: 0.6744 Close: 0.6773 Mid: 0.6759 | 25 Open: 0.6775 Close: 0.6792 Mid: 0.6780 | 26 Open: 0.6793 Close: 0.6815 Mid: 0.6797 | 27 |
28 | 29 Open: 0.6810 Close: 0.6803 Mid: 0.6804 | 30 Open: 0.6803 Close: 0.6798 Mid: 0.6802 | 31 Open: 0.6797 Close: 0.6760 Mid: 0.6785 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6759 Close: 0.6795 Mid: 0.6772 | 2 Open: 0.6801 Close: 0.6709 Mid: 0.6756 | 3 | ||||
4 | 5 Open: 0.6711 Close: 0.6656 Mid: 0.6699 | 6 Open: 0.6659 Close: 0.6711 Mid: 0.6671 | 7 Open: 0.6713 Close: 0.6723 Mid: 0.6710 | 8 Open: 0.6723 Close: 0.6700 Mid: 0.6711 | 9 Open: 0.6701 Close: 0.6754 Mid: 0.6721 | 10 |
11 | 12 Open: 0.6745 Close: 0.6781 Mid: 0.6758 | 13 Open: 0.6779 Close: 0.6669 Mid: 0.6735 | 14 Open: 0.6669 Close: 0.6725 Mid: 0.6706 | 15 Open: 0.6725 Close: 0.6755 Mid: 0.6737 | 16 Open: 0.6755 Close: 0.6773 Mid: 0.6760 | 17 |
18 | 19 Open: 0.6762 Close: 0.6784 Mid: 0.6775 | 20 Open: 0.6784 Close: 0.6782 Mid: 0.6779 | 21 Open: 0.6780 Close: 0.6771 Mid: 0.6769 | 22 Open: 0.6773 Close: 0.6754 Mid: 0.6783 | 23 Open: 0.6755 Close: 0.6746 Mid: 0.6750 | 24 |
25 | 26 Open: 0.6747 Close: 0.6764 Mid: 0.6752 | 27 Open: 0.6764 Close: 0.6751 Mid: 0.6757 | 28 Open: 0.6750 Close: 0.6711 Mid: 0.6728 | 29 Open: 0.6711 Close: 0.6687 Mid: 0.6700 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6690 Close: 0.6754 Mid: 0.6721 | 2 | |||||
3 | 4 Open: 0.6751 Close: 0.6724 Mid: 0.6738 | 5 Open: 0.6723 Close: 0.6718 Mid: 0.6725 | 6 Open: 0.6720 Close: 0.6773 Mid: 0.6739 | 7 Open: 0.6771 Close: 0.6817 Mid: 0.6790 | 8 Open: 0.6818 Close: 0.6804 Mid: 0.6821 | 9 |
10 | 11 Open: 0.6801 Close: 0.6774 Mid: 0.6782 | 12 Open: 0.6774 Close: 0.6737 Mid: 0.6758 | 13 Open: 0.6737 Close: 0.6766 Mid: 0.6756 | 14 Open: 0.6766 Close: 0.6720 Mid: 0.6746 | 15 Open: 0.6720 Close: 0.6688 Mid: 0.6706 | 16 |
17 | 18 Open: 0.6744 Close: 0.6659 Mid: 0.6699 | 19 Open: 0.6660 Close: 0.6669 Mid: 0.6654 | 20 Open: 0.6669 Close: 0.6705 Mid: 0.6674 | 21 Open: 0.6705 Close: 0.6666 Mid: 0.6700 | 22 Open: 0.6666 Close: 0.6637 Mid: 0.6668 | 23 |
24 | 25 Open: 0.6618 Close: 0.6646 Mid: 0.6630 | 26 Open: 0.6646 Close: 0.6616 Mid: 0.6643 | 27 Open: 0.6617 Close: 0.6593 Mid: 0.6615 | 28 Open: 0.6593 Close: 0.6546 Mid: 0.6562 | 29 Open: 0.6546 Close: 0.6554 Mid: 0.6545 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6551 Close: 0.6516 Mid: 0.6533 | 2 Open: 0.6529 Close: 0.6543 Mid: 0.6533 | 3 Open: 0.6544 Close: 0.6609 Mid: 0.6576 | 4 Open: 0.6609 Close: 0.6617 Mid: 0.6622 | 5 Open: 0.6616 Close: 0.6608 Mid: 0.6604 | 6 | |
7 | 8 Open: 0.6599 Close: 0.6638 Mid: 0.6621 | 9 Open: 0.6638 Close: 0.6638 Mid: 0.6648 | 10 Open: 0.6638 Close: 0.6561 Mid: 0.6607 | 11 Open: 0.6561 Close: 0.6553 Mid: 0.6549 | 12 Open: 0.6552 Close: 0.6520 Mid: 0.6533 | 13 |
14 | 15 Open: 0.6516 Close: 0.6489 Mid: 0.6508 | 16 Open: 0.6488 Close: 0.6476 Mid: 0.6477 | 17 Open: 0.6475 Close: 0.6449 Mid: 0.6452 | 18 Open: 0.6449 Close: 0.6425 Mid: 0.6447 | 19 Open: 0.6425 Close: 0.6454 Mid: 0.6441 | 20 |
21 | 22 Open: 0.6438 Close: 0.6458 Mid: 0.6442 | 23 Open: 0.6458 Close: 0.6505 Mid: 0.6472 | 24 Open: 0.6505 Close: 0.6463 Mid: 0.6488 | 25 Open: 0.6463 Close: 0.6471 Mid: 0.6467 | 26 Open: 0.6471 Close: 0.6431 Mid: 0.6453 | 27 |
28 | 29 Open: 0.6441 Close: 0.6444 Mid: 0.6444 | 30 Open: 0.6445 Close: 0.6389 Mid: 0.6420 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6388 Close: 0.6395 Mid: 0.6392 | 2 Open: 0.6395 Close: 0.6430 Mid: 0.6410 | 3 Open: 0.6430 Close: 0.6506 Mid: 0.6475 | 4 | |||
5 | 6 Open: 0.6507 Close: 0.6536 Mid: 0.6522 | 7 Open: 0.6535 Close: 0.6504 Mid: 0.6524 | 8 Open: 0.6503 Close: 0.6494 Mid: 0.6496 | 9 Open: 0.6494 Close: 0.6522 Mid: 0.6499 | 10 Open: 0.6523 Close: 0.6541 Mid: 0.6540 | 11 |
12 | 13 Open: 0.6516 Close: 0.6557 Mid: 0.6540 | 14 Open: 0.6556 Close: 0.6555 Mid: 0.6561 | 15 Open: 0.6555 Close: 0.6627 Mid: 0.6589 | 16 Open: 0.6628 Close: 0.6621 Mid: 0.6625 | 17 Open: 0.6621 Close: 0.6636 Mid: 0.6624 | 18 |
19 | 20 Open: 0.6633 Close: 0.6629 Mid: 0.6636 | 21 Open: 0.6629 Close: 0.6646 Mid: 0.6639 | 22 Open: 0.6646 Close: 0.6629 Mid: 0.6649 | 23 Open: 0.6629 Close: 0.6663 Mid: 0.6663 | 24 Open: 0.6663 Close: 0.6717 Mid: 0.6693 | 25 |
26 | 27 Open: 0.6710 Close: 0.6769 Mid: 0.6738 | 28 Open: 0.6769 Close: 0.6770 Mid: 0.6779 | 29 Open: 0.6770 Close: 0.6725 Mid: 0.6752 | 30 Open: 0.6724 Close: 0.6732 Mid: 0.6718 | 31 Open: 0.6732 Close: 0.6765 Mid: 0.6749 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.6760 Close: 0.6777 Mid: 0.6775 | 4 Open: 0.6779 Close: 0.6718 Mid: 0.6746 | 5 Open: 0.6717 Close: 0.6788 Mid: 0.6785 | 6 Open: 0.6783 Close: 0.6861 Mid: 0.6796 | 7 Open: 0.6852 Close: 0.6774 Mid: 0.6804 | 8 |
9 | 10 Open: 0.6773 Close: 0.6671 Mid: 0.6705 | 11 Open: 0.6672 Close: 0.6648 Mid: 0.6657 | 12 Open: 0.6648 Close: 0.6842 Mid: 0.6772 | 13 Open: 0.6842 Close: 0.6810 Mid: 0.6832 | 14 Open: 0.6810 Close: 0.6797 Mid: 0.6800 | 15 |
16 | 17 Open: 0.6784 Close: 0.6802 Mid: 0.6779 | 18 Open: 0.6802 Close: 0.6856 Mid: 0.6820 | 19 Open: 0.6856 Close: 0.6869 Mid: 0.6863 | 20 Open: 0.6868 Close: 0.6882 Mid: 0.6882 | 21 Open: 0.6882 Close: 0.6870 Mid: 0.6877 | 22 |
23 | 24 Open: 0.6869 Close: 0.6888 Mid: 0.6874 | 25 Open: 0.6887 Close: 0.6843 Mid: 0.6873 | 26 Open: 0.6843 Close: 0.6802 Mid: 0.6819 | 27 Open: 0.6802 Close: 0.6820 Mid: 0.6817 | 28 Open: 0.6821 Close: 0.6804 Mid: 0.6814 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6818 Close: 0.6820 Mid: 0.6829 | 2 Open: 0.6820 Close: 0.6814 Mid: 0.6803 | 3 Open: 0.6813 Close: 0.6889 Mid: 0.6854 | 4 Open: 0.6889 Close: 0.6878 Mid: 0.6884 | 5 Open: 0.6879 Close: 0.6898 Mid: 0.6880 | 6 | |
7 | 8 Open: 0.6866 Close: 0.6852 Mid: 0.6870 | 9 Open: 0.6856 Close: 0.6862 Mid: 0.6853 | 10 Open: 0.6862 Close: 0.6791 Mid: 0.6832 | 11 Open: 0.6791 Close: 0.6774 Mid: 0.6770 | 12 Open: 0.6775 Close: 0.6758 Mid: 0.6763 | 13 |
14 | 15 Open: 0.6758 Close: 0.6714 Mid: 0.6741 | 16 Open: 0.6714 Close: 0.6628 Mid: 0.6668 | 17 Open: 0.6627 Close: 0.6772 Mid: 0.6689 | 18 Open: 0.6772 Close: 0.6716 Mid: 0.6744 | 19 Open: 0.6717 Close: 0.6658 Mid: 0.6686 | 20 |
21 | 22 Open: 0.6671 Close: 0.6637 Mid: 0.6649 | 23 Open: 0.6637 Close: 0.6605 Mid: 0.6610 | 24 Open: 0.6605 Close: 0.6584 Mid: 0.6595 | 25 Open: 0.6584 Close: 0.6553 Mid: 0.6550 | 26 Open: 0.6553 Close: 0.6578 Mid: 0.6587 | 27 |
28 | 29 Open: 0.6584 Close: 0.6599 Mid: 0.6596 | 30 Open: 0.6599 Close: 0.6618 Mid: 0.6605 | 31 Open: 0.6618 Close: 0.6622 Mid: 0.6621 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6622 Close: 0.6613 Mid: 0.6631 | 2 Open: 0.6614 Close: 0.6541 Mid: 0.6576 | 3 | ||||
4 | 5 Open: 0.6564 Close: 0.6467 Mid: 0.6487 | 6 Open: 0.6467 Close: 0.6552 Mid: 0.6520 | 7 Open: 0.6552 Close: 0.6643 Mid: 0.6615 | 8 Open: 0.6643 Close: 0.6617 Mid: 0.6629 | 9 Open: 0.6617 Close: 0.6631 Mid: 0.6623 | 10 |
11 | 12 Open: 0.6623 Close: 0.6638 Mid: 0.6648 | 13 Open: 0.6638 Close: 0.6667 Mid: 0.6651 | 14 Open: 0.6667 Close: 0.6659 Mid: 0.6676 | 15 Open: 0.6660 Close: 0.6674 Mid: 0.6679 | 16 Open: 0.6674 Close: 0.6712 Mid: 0.6679 | 17 |
18 | 19 Open: 0.6719 Close: 0.6780 Mid: 0.6730 | 20 Open: 0.6780 Close: 0.6797 Mid: 0.6789 | 21 Open: 0.6797 Close: 0.6789 Mid: 0.6794 | 22 Open: 0.6789 Close: 0.6739 Mid: 0.6772 | 23 Open: 0.6739 Close: 0.6810 Mid: 0.6761 | 24 |
25 | 26 Open: 0.6779 Close: 0.6753 Mid: 0.6774 | 27 Open: 0.6753 Close: 0.6811 Mid: 0.6777 | 28 Open: 0.6811 Close: 0.6783 Mid: 0.6780 | 29 Open: 0.6783 Close: 0.6759 Mid: 0.6771 | 30 Open: 0.6759 Close: 0.6687 Mid: 0.6717 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6707 Close: 0.6725 Mid: 0.6713 | 3 Open: 0.6725 Close: 0.6662 Mid: 0.6688 | 4 Open: 0.6663 Close: 0.6688 Mid: 0.6668 | 5 Open: 0.6688 Close: 0.6672 Mid: 0.6681 | 6 Open: 0.6671 Close: 0.6615 Mid: 0.6651 | 7 |
8 | 9 Open: 0.6609 Close: 0.6564 Mid: 0.6595 | 10 Open: 0.6564 Close: 0.6569 Mid: 0.6583 | 11 Open: 0.6569 Close: 0.6561 Mid: 0.6559 | 12 Open: 0.6562 Close: 0.6641 Mid: 0.6594 | 13 Open: 0.6641 Close: 0.6654 Mid: 0.6653 | 14 |
15 | 16 Open: 0.6624 Close: 0.6699 Mid: 0.6672 | 17 Open: 0.6699 Close: 0.6683 Mid: 0.6693 | 18 Open: 0.6683 Close: 0.6686 Mid: 0.6709 | 19 Open: 0.6686 Close: 0.6737 Mid: 0.6717 | 20 Open: 0.6737 Close: 0.6724 Mid: 0.6713 | 21 |
22 | 23 Open: 0.6724 Close: 0.6723 Mid: 0.6721 | 24 Open: 0.6723 Close: 0.6759 Mid: 0.6732 | 25 Open: 0.6759 Close: 0.6651 Mid: 0.6708 | 26 Open: 0.6651 Close: 0.6657 Mid: 0.6649 | 27 Open: 0.6657 Close: 0.6679 Mid: 0.6665 | 28 |
29 | 30 Open: 0.6669 Close: 0.6654 Mid: 0.6670 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6654 Close: 0.6625 Mid: 0.6633 | 2 Open: 0.6625 Close: 0.6660 Mid: 0.6649 | 3 Open: 0.6660 Close: 0.6640 Mid: 0.6647 | 4 Open: 0.6640 Close: 0.6586 Mid: 0.6620 | 5 | ||
6 | 7 Open: 0.6565 Close: 0.6597 Mid: 0.6588 | 8 Open: 0.6597 Close: 0.6595 Mid: 0.6596 | 9 Open: 0.6595 Close: 0.6569 Mid: 0.6568 | 10 Open: 0.6569 Close: 0.6596 Mid: 0.6558 | 11 Open: 0.6595 Close: 0.6606 Mid: 0.6594 | 12 |
13 | 14 Open: 0.6580 Close: 0.6565 Mid: 0.6582 | 15 Open: 0.6565 Close: 0.6578 Mid: 0.6574 | 16 Open: 0.6578 Close: 0.6521 Mid: 0.6563 | 17 Open: 0.6521 Close: 0.6522 Mid: 0.6519 | 18 Open: 0.6522 Close: 0.6500 Mid: 0.6520 | 19 |
20 | 21 Open: 0.6498 Close: 0.6499 Mid: 0.6503 | 22 Open: 0.6499 Close: 0.6524 Mid: 0.6516 | 23 Open: 0.6524 Close: 0.6485 Mid: 0.6488 | 24 Open: 0.6485 Close: 0.6506 Mid: 0.6494 | 25 Open: 0.6506 Close: 0.6491 Mid: 0.6509 | 26 |
27 | 28 Open: 0.6511 Close: 0.6478 Mid: 0.6488 | 29 Open: 0.6478 Close: 0.6505 Mid: 0.6501 | 30 Open: 0.6505 Close: 0.6490 Mid: 0.6498 | 31 Open: 0.6491 Close: 0.6469 Mid: 0.6468 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6470 Close: 0.6438 Mid: 0.6463 | 2 | |||||
3 | 4 Open: 0.6482 Close: 0.6451 Mid: 0.6471 | 5 Open: 0.6451 Close: 0.6485 Mid: 0.6471 | 6 Open: 0.6486 Close: 0.6479 Mid: 0.6457 | 7 Open: 0.6479 Close: 0.6575 Mid: 0.6535 | 8 Open: 0.6575 Close: 0.6525 Mid: 0.6541 | 9 |
10 | 11 Open: 0.6514 Close: 0.6540 Mid: 0.6520 | 12 Open: 0.6540 Close: 0.6530 Mid: 0.6530 | 13 Open: 0.6529 Close: 0.6487 Mid: 0.6510 | 14 Open: 0.6487 Close: 0.6483 Mid: 0.6507 | 15 Open: 0.6483 Close: 0.6520 Mid: 0.6504 | 16 |
17 | 18 Open: 0.6506 Close: 0.6580 Mid: 0.6541 | 19 Open: 0.6580 Close: 0.6594 Mid: 0.6577 | 20 Open: 0.6594 Close: 0.6549 Mid: 0.6575 | 21 Open: 0.6550 Close: 0.6534 Mid: 0.6543 | 22 Open: 0.6534 Close: 0.6544 Mid: 0.6527 | 23 |
24 | 25 Open: 0.6569 Close: 0.6527 Mid: 0.6552 | 26 Open: 0.6527 Close: 0.6498 Mid: 0.6504 | 27 Open: 0.6498 Close: 0.6550 Mid: 0.6531 | 28 Open: 0.6550 Close: 0.6562 Mid: 0.6550 | 29 Open: 0.6563 Close: 0.6557 Mid: 0.6553 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6570 Close: 0.6550 Mid: 0.6546 | 3 Open: 0.6550 Close: 0.6583 Mid: 0.6576 | 4 Open: 0.6583 Close: 0.6570 Mid: 0.6579 | 5 Open: 0.6570 Close: 0.6578 Mid: 0.6574 | 6 Open: 0.6578 Close: 0.6517 Mid: 0.6547 | 7 |
8 | 9 Open: 0.6519 Close: 0.6526 Mid: 0.6527 | 10 Open: 0.6526 Close: 0.6501 Mid: 0.6514 | 11 Open: 0.6501 Close: 0.6515 Mid: 0.6507 | 12 Open: 0.6515 Close: 0.6503 Mid: 0.6526 | 13 Open: 0.6504 Close: 0.6532 Mid: 0.6521 | 14 |
15 | 16 Open: 0.6522 Close: 0.6530 Mid: 0.6525 | 17 Open: 0.6530 Close: 0.6507 Mid: 0.6515 | 18 Open: 0.6507 Close: 0.6400 Mid: 0.6462 | 19 Open: 0.6400 Close: 0.6375 Mid: 0.6413 | 20 Open: 0.6375 Close: 0.6444 Mid: 0.6406 | 21 |
22 | 23 Open: 0.6449 Close: 0.6427 Mid: 0.6437 | 24 Open: 0.6427 Close: 0.6416 Mid: 0.6415 | 25 Open: 0.6427 Close: 0.6416 Mid: 0.6415 | 26 Open: 0.6417 Close: 0.6425 Mid: 0.6418 | 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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