Best Norwegian Krone / Danish Krone Exchange Rate Today: 0.6296
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.6277, and the most competitive travel money / cash rates start at approximately 0.6239.
Live rate: 1 NOK = 0.6296 DKK (-0.13% )
Inverted: 1 DKK = 1.5883 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 | 0.6296 | 0 | 0.6233 | |||
 | 0.6277 (indicative) | 0 | 0.6277 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.6252 (indicative) | 0 | 0.6252 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.6296 | 1.26% | 0.6217 | 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. | |
 | 0.6239 | 0 | 0.6239 | 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  | 0.6120 (upper range) | Variable | 0.6120 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.6076 (lower range) | Variable | 0.6076 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.6013 | 0 | 0.6013 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6637 Close: 0.6637 Mid: 0.6637 | 2 Open: 0.6637 Close: 0.6584 Mid: 0.6623 | 3 Open: 0.6584 Close: 0.6601 Mid: 0.6593 | 4 Open: 0.6602 Close: 0.6615 Mid: 0.6604 | 5 Open: 0.6616 Close: 0.6614 Mid: 0.6613 | 6 | |
7 | 8 Open: 0.6591 Close: 0.6570 Mid: 0.6582 | 9 Open: 0.6570 Close: 0.6581 Mid: 0.6576 | 10 Open: 0.6581 Close: 0.6568 Mid: 0.6587 | 11 Open: 0.6568 Close: 0.6591 Mid: 0.6581 | 12 Open: 0.6591 Close: 0.6619 Mid: 0.6605 | 13 |
14 | 15 Open: 0.6621 Close: 0.6575 Mid: 0.6598 | 16 Open: 0.6581 Close: 0.6550 Mid: 0.6566 | 17 Open: 0.6550 Close: 0.6522 Mid: 0.6538 | 18 Open: 0.6520 Close: 0.6510 Mid: 0.6518 | 19 Open: 0.6510 Close: 0.6522 Mid: 0.6528 | 20 |
21 | 22 Open: 0.6525 Close: 0.6513 Mid: 0.6521 | 23 Open: 0.6516 Close: 0.6539 Mid: 0.6527 | 24 Open: 0.6539 Close: 0.6542 Mid: 0.6544 | 25 Open: 0.6544 Close: 0.6586 Mid: 0.6566 | 26 Open: 0.6585 Close: 0.6594 Mid: 0.6583 | 27 |
28 | 29 Open: 0.6590 Close: 0.6601 Mid: 0.6595 | 30 Open: 0.6600 Close: 0.6584 Mid: 0.6589 | 31 Open: 0.6583 Close: 0.6560 Mid: 0.6578 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6559 Close: 0.6565 Mid: 0.6562 | 2 Open: 0.6571 Close: 0.6508 Mid: 0.6535 | 3 | ||||
4 | 5 Open: 0.6510 Close: 0.6492 Mid: 0.6514 | 6 Open: 0.6494 Close: 0.6553 Mid: 0.6517 | 7 Open: 0.6554 Close: 0.6542 Mid: 0.6545 | 8 Open: 0.6542 Close: 0.6513 Mid: 0.6531 | 9 Open: 0.6514 Close: 0.6555 Mid: 0.6531 | 10 |
11 | 12 Open: 0.6548 Close: 0.6592 Mid: 0.6567 | 13 Open: 0.6590 Close: 0.6517 Mid: 0.6555 | 14 Open: 0.6517 Close: 0.6566 Mid: 0.6544 | 15 Open: 0.6566 Close: 0.6575 Mid: 0.6565 | 16 Open: 0.6576 Close: 0.6584 Mid: 0.6577 | 17 |
18 | 19 Open: 0.6575 Close: 0.6594 Mid: 0.6588 | 20 Open: 0.6594 Close: 0.6577 Mid: 0.6582 | 21 Open: 0.6576 Close: 0.6571 Mid: 0.6573 | 22 Open: 0.6572 Close: 0.6552 Mid: 0.6568 | 23 Open: 0.6553 Close: 0.6537 Mid: 0.6545 | 24 |
25 | 26 Open: 0.6535 Close: 0.6535 Mid: 0.6533 | 27 Open: 0.6535 Close: 0.6525 Mid: 0.6528 | 28 Open: 0.6525 Close: 0.6494 Mid: 0.6509 | 29 Open: 0.6494 Close: 0.6493 Mid: 0.6492 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6495 Close: 0.6537 Mid: 0.6513 | 2 | |||||
3 | 4 Open: 0.6535 Close: 0.6496 Mid: 0.6518 | 5 Open: 0.6496 Close: 0.6491 Mid: 0.6503 | 6 Open: 0.6493 Close: 0.6520 Mid: 0.6501 | 7 Open: 0.6519 Close: 0.6544 Mid: 0.6539 | 8 Open: 0.6544 Close: 0.6535 Mid: 0.6548 | 9 |
10 | 11 Open: 0.6532 Close: 0.6525 Mid: 0.6521 | 12 Open: 0.6525 Close: 0.6488 Mid: 0.6509 | 13 Open: 0.6487 Close: 0.6499 Mid: 0.6497 | 14 Open: 0.6499 Close: 0.6487 Mid: 0.6492 | 15 Open: 0.6488 Close: 0.6450 Mid: 0.6470 | 16 |
17 | 18 Open: 0.6510 Close: 0.6436 Mid: 0.6464 | 19 Open: 0.6436 Close: 0.6445 Mid: 0.6437 | 20 Open: 0.6445 Close: 0.6461 Mid: 0.6445 | 21 Open: 0.6461 Close: 0.6438 Mid: 0.6456 | 22 Open: 0.6438 Close: 0.6416 Mid: 0.6424 | 23 |
24 | 25 Open: 0.6393 Close: 0.6422 Mid: 0.6418 | 26 Open: 0.6422 Close: 0.6402 Mid: 0.6420 | 27 Open: 0.6402 Close: 0.6386 Mid: 0.6405 | 28 Open: 0.6386 Close: 0.6369 Mid: 0.6378 | 29 Open: 0.6369 Close: 0.6381 Mid: 0.6373 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6380 Close: 0.6337 Mid: 0.6359 | 2 Open: 0.6337 Close: 0.6388 Mid: 0.6364 | 3 Open: 0.6388 Close: 0.6422 Mid: 0.6401 | 4 Open: 0.6422 Close: 0.6416 Mid: 0.6422 | 5 Open: 0.6415 Close: 0.6416 Mid: 0.6411 | 6 | |
7 | 8 Open: 0.6409 Close: 0.6429 Mid: 0.6424 | 9 Open: 0.6429 Close: 0.6436 Mid: 0.6439 | 10 Open: 0.6435 Close: 0.6411 Mid: 0.6432 | 11 Open: 0.6411 Close: 0.6424 Mid: 0.6410 | 12 Open: 0.6424 Close: 0.6432 Mid: 0.6427 | 13 |
14 | 15 Open: 0.6429 Close: 0.6416 Mid: 0.6421 | 16 Open: 0.6416 Close: 0.6397 Mid: 0.6399 | 17 Open: 0.6397 Close: 0.6355 Mid: 0.6375 | 18 Open: 0.6355 Close: 0.6341 Mid: 0.6354 | 19 Open: 0.6341 Close: 0.6355 Mid: 0.6348 | 20 |
21 | 22 Open: 0.6342 Close: 0.6373 Mid: 0.6354 | 23 Open: 0.6373 Close: 0.6388 Mid: 0.6365 | 24 Open: 0.6388 Close: 0.6346 Mid: 0.6371 | 25 Open: 0.6346 Close: 0.6342 Mid: 0.6344 | 26 Open: 0.6342 Close: 0.6321 Mid: 0.6332 | 27 |
28 | 29 Open: 0.6324 Close: 0.6332 Mid: 0.6329 | 30 Open: 0.6332 Close: 0.6291 Mid: 0.6308 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6291 Close: 0.6307 Mid: 0.6298 | 2 Open: 0.6307 Close: 0.6326 Mid: 0.6307 | 3 Open: 0.6326 Close: 0.6374 Mid: 0.6356 | 4 | |||
5 | 6 Open: 0.6377 Close: 0.6394 Mid: 0.6388 | 7 Open: 0.6394 Close: 0.6358 Mid: 0.6376 | 8 Open: 0.6358 Close: 0.6360 Mid: 0.6350 | 9 Open: 0.6360 Close: 0.6377 Mid: 0.6364 | 10 Open: 0.6377 Close: 0.6388 Mid: 0.6385 | 11 |
12 | 13 Open: 0.6362 Close: 0.6393 Mid: 0.6379 | 14 Open: 0.6393 Close: 0.6382 Mid: 0.6388 | 15 Open: 0.6382 Close: 0.6426 Mid: 0.6403 | 16 Open: 0.6426 Close: 0.6418 Mid: 0.6419 | 17 Open: 0.6417 Close: 0.6428 Mid: 0.6420 | 18 |
19 | 20 Open: 0.6421 Close: 0.6422 Mid: 0.6425 | 21 Open: 0.6422 Close: 0.6442 Mid: 0.6432 | 22 Open: 0.6442 Close: 0.6439 Mid: 0.6443 | 23 Open: 0.6439 Close: 0.6462 Mid: 0.6460 | 24 Open: 0.6462 Close: 0.6501 Mid: 0.6487 | 25 |
26 | 27 Open: 0.6491 Close: 0.6546 Mid: 0.6519 | 28 Open: 0.6547 Close: 0.6539 Mid: 0.6545 | 29 Open: 0.6539 Close: 0.6521 Mid: 0.6539 | 30 Open: 0.6521 Close: 0.6527 Mid: 0.6524 | 31 Open: 0.6527 Close: 0.6551 Mid: 0.6539 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.6542 Close: 0.6544 Mid: 0.6549 | 4 Open: 0.6544 Close: 0.6489 Mid: 0.6509 | 5 Open: 0.6489 Close: 0.6484 Mid: 0.6494 | 6 Open: 0.6484 Close: 0.6490 Mid: 0.6480 | 7 Open: 0.6490 Close: 0.6447 Mid: 0.6471 | 8 |
9 | 10 Open: 0.6459 Close: 0.6509 Mid: 0.6474 | 11 Open: 0.6509 Close: 0.6494 Mid: 0.6498 | 12 Open: 0.6494 Close: 0.6522 Mid: 0.6522 | 13 Open: 0.6522 Close: 0.6523 Mid: 0.6523 | 14 Open: 0.6523 Close: 0.6530 Mid: 0.6531 | 15 |
16 | 17 Open: 0.6524 Close: 0.6518 Mid: 0.6508 | 18 Open: 0.6518 Close: 0.6565 Mid: 0.6534 | 19 Open: 0.6565 Close: 0.6570 Mid: 0.6571 | 20 Open: 0.6570 Close: 0.6605 Mid: 0.6596 | 21 Open: 0.6606 Close: 0.6600 Mid: 0.6607 | 22 |
23 | 24 Open: 0.6605 Close: 0.6593 Mid: 0.6589 | 25 Open: 0.6593 Close: 0.6560 Mid: 0.6585 | 26 Open: 0.6560 Close: 0.6538 Mid: 0.6549 | 27 Open: 0.6539 Close: 0.6538 Mid: 0.6540 | 28 Open: 0.6539 Close: 0.6517 Mid: 0.6533 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6519 Close: 0.6517 Mid: 0.6523 | 2 Open: 0.6517 Close: 0.6505 Mid: 0.6503 | 3 Open: 0.6505 Close: 0.6551 Mid: 0.6525 | 4 Open: 0.6551 Close: 0.6529 Mid: 0.6540 | 5 Open: 0.6529 Close: 0.6530 Mid: 0.6524 | 6 | |
7 | 8 Open: 0.6519 Close: 0.6497 Mid: 0.6508 | 9 Open: 0.6500 Close: 0.6509 Mid: 0.6498 | 10 Open: 0.6508 Close: 0.6430 Mid: 0.6475 | 11 Open: 0.6430 Close: 0.6407 Mid: 0.6401 | 12 Open: 0.6408 Close: 0.6377 Mid: 0.6390 | 13 |
14 | 15 Open: 0.6387 Close: 0.6334 Mid: 0.6357 | 16 Open: 0.6334 Close: 0.6341 Mid: 0.6330 | 17 Open: 0.6341 Close: 0.6360 Mid: 0.6348 | 18 Open: 0.6360 Close: 0.6334 Mid: 0.6348 | 19 Open: 0.6334 Close: 0.6280 Mid: 0.6305 | 20 |
21 | 22 Open: 0.6290 Close: 0.6252 Mid: 0.6266 | 23 Open: 0.6252 Close: 0.6242 Mid: 0.6242 | 24 Open: 0.6242 Close: 0.6240 Mid: 0.6236 | 25 Open: 0.6241 Close: 0.6235 Mid: 0.6223 | 26 Open: 0.6235 Close: 0.6236 Mid: 0.6253 | 27 |
28 | 29 Open: 0.6238 Close: 0.6268 Mid: 0.6258 | 30 Open: 0.6268 Close: 0.6298 Mid: 0.6280 | 31 Open: 0.6298 Close: 0.6323 Mid: 0.6308 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6323 Close: 0.6313 Mid: 0.6327 | 2 Open: 0.6313 Close: 0.6248 Mid: 0.6278 | 3 | ||||
4 | 5 Open: 0.6261 Close: 0.6181 Mid: 0.6191 | 6 Open: 0.6181 Close: 0.6249 Mid: 0.6226 | 7 Open: 0.6249 Close: 0.6322 Mid: 0.6304 | 8 Open: 0.6322 Close: 0.6302 Mid: 0.6315 | 9 Open: 0.6302 Close: 0.6326 Mid: 0.6311 | 10 |
11 | 12 Open: 0.6320 Close: 0.6316 Mid: 0.6332 | 13 Open: 0.6316 Close: 0.6324 Mid: 0.6324 | 14 Open: 0.6324 Close: 0.6321 Mid: 0.6335 | 15 Open: 0.6321 Close: 0.6327 Mid: 0.6334 | 16 Open: 0.6327 Close: 0.6338 Mid: 0.6323 | 17 |
18 | 19 Open: 0.6344 Close: 0.6380 Mid: 0.6357 | 20 Open: 0.6380 Close: 0.6389 Mid: 0.6386 | 21 Open: 0.6389 Close: 0.6371 Mid: 0.6379 | 22 Open: 0.6371 Close: 0.6334 Mid: 0.6358 | 23 Open: 0.6333 Close: 0.6373 Mid: 0.6344 | 24 |
25 | 26 Open: 0.6347 Close: 0.6339 Mid: 0.6352 | 27 Open: 0.6339 Close: 0.6377 Mid: 0.6354 | 28 Open: 0.6376 Close: 0.6385 Mid: 0.6374 | 29 Open: 0.6385 Close: 0.6411 Mid: 0.6400 | 30 Open: 0.6411 Close: 0.6363 Mid: 0.6383 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6385 Close: 0.6365 Mid: 0.6368 | 3 Open: 0.6365 Close: 0.6320 Mid: 0.6342 | 4 Open: 0.6320 Close: 0.6329 Mid: 0.6319 | 5 Open: 0.6330 Close: 0.6318 Mid: 0.6331 | 6 Open: 0.6317 Close: 0.6281 Mid: 0.6312 | 7 |
8 | 9 Open: 0.6275 Close: 0.6239 Mid: 0.6257 | 10 Open: 0.6239 Close: 0.6246 Mid: 0.6254 | 11 Open: 0.6246 Close: 0.6246 Mid: 0.6240 | 12 Open: 0.6246 Close: 0.6287 Mid: 0.6260 | 13 Open: 0.6287 Close: 0.6319 Mid: 0.6304 | 14 |
15 | 16 Open: 0.6289 Close: 0.6331 Mid: 0.6321 | 17 Open: 0.6330 Close: 0.6326 Mid: 0.6328 | 18 Open: 0.6326 Close: 0.6335 Mid: 0.6340 | 19 Open: 0.6335 Close: 0.6370 Mid: 0.6368 | 20 Open: 0.6370 Close: 0.6373 Mid: 0.6360 | 21 |
22 | 23 Open: 0.6372 Close: 0.6400 Mid: 0.6392 | 24 Open: 0.6400 Close: 0.6411 Mid: 0.6405 | 25 Open: 0.6411 Close: 0.6337 Mid: 0.6369 | 26 Open: 0.6337 Close: 0.6335 Mid: 0.6332 | 27 Open: 0.6336 Close: 0.6362 Mid: 0.6348 | 28 |
29 | 30 Open: 0.6354 Close: 0.6347 Mid: 0.6350 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6347 Close: 0.6351 Mid: 0.6349 | 2 Open: 0.6351 Close: 0.6389 Mid: 0.6377 | 3 Open: 0.6389 Close: 0.6373 Mid: 0.6372 | 4 Open: 0.6373 Close: 0.6373 Mid: 0.6376 | 5 | ||
6 | 7 Open: 0.6361 Close: 0.6384 Mid: 0.6378 | 8 Open: 0.6384 Close: 0.6345 Mid: 0.6356 | 9 Open: 0.6345 Close: 0.6325 Mid: 0.6323 | 10 Open: 0.6325 Close: 0.6356 Mid: 0.6322 | 11 Open: 0.6355 Close: 0.6377 Mid: 0.6357 | 12 |
13 | 14 Open: 0.6356 Close: 0.6335 Mid: 0.6358 | 15 Open: 0.6335 Close: 0.6331 Mid: 0.6332 | 16 Open: 0.6330 Close: 0.6292 Mid: 0.6320 | 17 Open: 0.6292 Close: 0.6304 Mid: 0.6295 | 18 Open: 0.6304 Close: 0.6283 Mid: 0.6310 | 19 |
20 | 21 Open: 0.6284 Close: 0.6294 Mid: 0.6290 | 22 Open: 0.6294 Close: 0.6325 Mid: 0.6309 | 23 Open: 0.6325 Close: 0.6294 Mid: 0.6297 | 24 Open: 0.6294 Close: 0.6298 Mid: 0.6306 | 25 Open: 0.6298 Close: 0.6300 Mid: 0.6301 | 26 |
27 | 28 Open: 0.6317 Close: 0.6271 Mid: 0.6284 | 29 Open: 0.6271 Close: 0.6292 Mid: 0.6294 | 30 Open: 0.6292 Close: 0.6267 Mid: 0.6279 | 31 Open: 0.6268 Close: 0.6229 Mid: 0.6243 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6229 Close: 0.6224 Mid: 0.6227 | 2 | |||||
3 | 4 Open: 0.6239 Close: 0.6230 Mid: 0.6233 | 5 Open: 0.6230 Close: 0.6229 Mid: 0.6235 | 6 Open: 0.6229 Close: 0.6276 Mid: 0.6244 | 7 Open: 0.6276 Close: 0.6355 Mid: 0.6321 | 8 Open: 0.6355 Close: 0.6324 Mid: 0.6331 | 9 |
10 | 11 Open: 0.6319 Close: 0.6345 Mid: 0.6330 | 12 Open: 0.6345 Close: 0.6339 Mid: 0.6341 | 13 Open: 0.6339 Close: 0.6340 Mid: 0.6344 | 14 Open: 0.6340 Close: 0.6352 Mid: 0.6365 | 15 Open: 0.6352 Close: 0.6384 Mid: 0.6366 | 16 |
17 | 18 Open: 0.6378 Close: 0.6399 Mid: 0.6381 | 19 Open: 0.6399 Close: 0.6412 Mid: 0.6408 | 20 Open: 0.6412 Close: 0.6397 Mid: 0.6410 | 21 Open: 0.6397 Close: 0.6431 Mid: 0.6412 | 22 Open: 0.6431 Close: 0.6466 Mid: 0.6445 | 23 |
24 | 25 Open: 0.6458 Close: 0.6409 Mid: 0.6436 | 26 Open: 0.6409 Close: 0.6372 Mid: 0.6390 | 27 Open: 0.6372 Close: 0.6380 Mid: 0.6377 | 28 Open: 0.6380 Close: 0.6400 Mid: 0.6389 | 29 Open: 0.6400 Close: 0.6384 Mid: 0.6384 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6394 Close: 0.6400 Mid: 0.6393 | 3 Open: 0.6400 Close: 0.6412 Mid: 0.6406 | 4 Open: 0.6413 Close: 0.6418 Mid: 0.6423 | 5 Open: 0.6418 Close: 0.6383 Mid: 0.6399 | 6 Open: 0.6383 Close: 0.6325 Mid: 0.6356 | 7 |
8 | 9 Open: 0.6331 Close: 0.6352 Mid: 0.6340 | 10 Open: 0.6352 Close: 0.6352 Mid: 0.6360 | 11 Open: 0.6352 Close: 0.6373 Mid: 0.6361 | 12 Open: 0.6373 Close: 0.6374 Mid: 0.6381 | 13 Open: 0.6374 Close: 0.6372 Mid: 0.6377 | 14 |
15 | 16 Open: 0.6371 Close: 0.6361 Mid: 0.6365 | 17 Open: 0.6361 Close: 0.6350 Mid: 0.6352 | 18 Open: 0.6350 Close: 0.6329 Mid: 0.6339 | 19 Open: 0.6329 Close: 0.6289 Mid: 0.6312 | 20 Open: 0.6289 Close: 0.6316 Mid: 0.6296 | 21 |
22 | 23 Open: 0.6318 Close: 0.6313 Mid: 0.6318 | 24 Open: 0.6313 Close: 0.6311 Mid: 0.6307 | 25 Open: 0.6313 Close: 0.6311 Mid: 0.6307 | 26 Open: 0.6311 Close: 0.6318 Mid: 0.6310 | 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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