Best Norwegian Krone / East Caribbean Dollar Exchange Rate Today: 0.2378
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.2371, and the most competitive travel money / cash rates start at approximately 0.2357.
Live rate: 1 NOK = 0.2378 XCD (+0.0421% )
Inverted: 1 XCD = 4.2052 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 | 0.2378 | 0 | 0.2354 | |||
 | 0.2371 (indicative) | 0 | 0.2371 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.2361 (indicative) | 0 | 0.2361 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.2378 | 2.34% | 0.2322 | 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. | |
 | 0.2357 | 0 | 0.2357 | 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  | 0.2311 (upper range) | Variable | 0.2311 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.2295 (lower range) | Variable | 0.2295 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.2271 | 0 | 0.2271 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2656 Close: 0.2656 Mid: 0.2656 | 2 Open: 0.2656 Close: 0.2611 Mid: 0.2639 | 3 Open: 0.2611 Close: 0.2612 Mid: 0.2612 | 4 Open: 0.2613 Close: 0.2624 Mid: 0.2619 | 5 Open: 0.2624 Close: 0.2623 Mid: 0.2624 | 6 | |
7 | 8 Open: 0.2615 Close: 0.2607 Mid: 0.2611 | 9 Open: 0.2608 Close: 0.2607 Mid: 0.2608 | 10 Open: 0.2607 Close: 0.2611 Mid: 0.2613 | 11 Open: 0.2612 Close: 0.2621 Mid: 0.2615 | 12 Open: 0.2621 Close: 0.2626 Mid: 0.2624 | 13 |
14 | 15 Open: 0.2630 Close: 0.2609 Mid: 0.2620 | 16 Open: 0.2611 Close: 0.2581 Mid: 0.2596 | 17 Open: 0.2581 Close: 0.2572 Mid: 0.2574 | 18 Open: 0.2572 Close: 0.2566 Mid: 0.2569 | 19 Open: 0.2567 Close: 0.2575 Mid: 0.2574 | 20 |
21 | 22 Open: 0.2576 Close: 0.2568 Mid: 0.2574 | 23 Open: 0.2569 Close: 0.2572 Mid: 0.2570 | 24 Open: 0.2572 Close: 0.2580 Mid: 0.2581 | 25 Open: 0.2581 Close: 0.2590 Mid: 0.2585 | 26 Open: 0.2590 Close: 0.2594 Mid: 0.2591 | 27 |
28 | 29 Open: 0.2591 Close: 0.2593 Mid: 0.2589 | 30 Open: 0.2592 Close: 0.2589 Mid: 0.2589 | 31 Open: 0.2588 Close: 0.2572 Mid: 0.2586 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2572 Close: 0.2588 Mid: 0.2578 | 2 Open: 0.2590 Close: 0.2546 Mid: 0.2566 | 3 | ||||
4 | 5 Open: 0.2546 Close: 0.2527 Mid: 0.2539 | 6 Open: 0.2528 Close: 0.2553 Mid: 0.2538 | 7 Open: 0.2554 Close: 0.2554 Mid: 0.2552 | 8 Open: 0.2554 Close: 0.2545 Mid: 0.2548 | 9 Open: 0.2545 Close: 0.2563 Mid: 0.2552 | 10 |
11 | 12 Open: 0.2561 Close: 0.2575 Mid: 0.2566 | 13 Open: 0.2574 Close: 0.2530 Mid: 0.2557 | 14 Open: 0.2530 Close: 0.2554 Mid: 0.2543 | 15 Open: 0.2553 Close: 0.2568 Mid: 0.2559 | 16 Open: 0.2568 Close: 0.2572 Mid: 0.2567 | 17 |
18 | 19 Open: 0.2569 Close: 0.2578 Mid: 0.2574 | 20 Open: 0.2578 Close: 0.2577 Mid: 0.2579 | 21 Open: 0.2577 Close: 0.2577 Mid: 0.2576 | 22 Open: 0.2578 Close: 0.2571 Mid: 0.2581 | 23 Open: 0.2571 Close: 0.2564 Mid: 0.2569 | 24 |
25 | 26 Open: 0.2567 Close: 0.2571 Mid: 0.2567 | 27 Open: 0.2571 Close: 0.2566 Mid: 0.2568 | 28 Open: 0.2566 Close: 0.2552 Mid: 0.2555 | 29 Open: 0.2552 Close: 0.2543 Mid: 0.2548 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2544 Close: 0.2569 Mid: 0.2556 | 2 | |||||
3 | 4 Open: 0.2568 Close: 0.2557 Mid: 0.2565 | 5 Open: 0.2557 Close: 0.2555 Mid: 0.2560 | 6 Open: 0.2556 Close: 0.2576 Mid: 0.2565 | 7 Open: 0.2575 Close: 0.2598 Mid: 0.2586 | 8 Open: 0.2598 Close: 0.2592 Mid: 0.2600 | 9 |
10 | 11 Open: 0.2591 Close: 0.2584 Mid: 0.2585 | 12 Open: 0.2584 Close: 0.2570 Mid: 0.2576 | 13 Open: 0.2569 Close: 0.2579 Mid: 0.2575 | 14 Open: 0.2579 Close: 0.2559 Mid: 0.2570 | 15 Open: 0.2559 Close: 0.2546 Mid: 0.2552 | 16 |
17 | 18 Open: 0.2567 Close: 0.2536 Mid: 0.2551 | 19 Open: 0.2536 Close: 0.2538 Mid: 0.2532 | 20 Open: 0.2538 Close: 0.2557 Mid: 0.2542 | 21 Open: 0.2557 Close: 0.2533 Mid: 0.2548 | 22 Open: 0.2533 Close: 0.2513 Mid: 0.2523 | 23 |
24 | 25 Open: 0.2504 Close: 0.2522 Mid: 0.2517 | 26 Open: 0.2522 Close: 0.2512 Mid: 0.2524 | 27 Open: 0.2513 Close: 0.2506 Mid: 0.2512 | 28 Open: 0.2506 Close: 0.2489 Mid: 0.2496 | 29 Open: 0.2489 Close: 0.2495 Mid: 0.2491 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2494 Close: 0.2467 Mid: 0.2481 | 2 Open: 0.2467 Close: 0.2493 Mid: 0.2479 | 3 Open: 0.2493 Close: 0.2521 Mid: 0.2507 | 4 Open: 0.2521 Close: 0.2519 Mid: 0.2525 | 5 Open: 0.2519 Close: 0.2519 Mid: 0.2514 | 6 | |
7 | 8 Open: 0.2517 Close: 0.2529 Mid: 0.2524 | 9 Open: 0.2529 Close: 0.2532 Mid: 0.2536 | 10 Open: 0.2532 Close: 0.2495 Mid: 0.2516 | 11 Open: 0.2495 Close: 0.2496 Mid: 0.2493 | 12 Open: 0.2496 Close: 0.2479 Mid: 0.2485 | 13 |
14 | 15 Open: 0.2476 Close: 0.2469 Mid: 0.2477 | 16 Open: 0.2469 Close: 0.2460 Mid: 0.2463 | 17 Open: 0.2460 Close: 0.2457 Mid: 0.2457 | 18 Open: 0.2457 Close: 0.2445 Mid: 0.2455 | 19 Open: 0.2445 Close: 0.2453 Mid: 0.2451 | 20 |
21 | 22 Open: 0.2447 Close: 0.2460 Mid: 0.2451 | 23 Open: 0.2460 Close: 0.2477 Mid: 0.2464 | 24 Open: 0.2477 Close: 0.2460 Mid: 0.2469 | 25 Open: 0.2460 Close: 0.2466 Mid: 0.2463 | 26 Open: 0.2466 Close: 0.2449 Mid: 0.2457 | 27 |
28 | 29 Open: 0.2481 Close: 0.2459 Mid: 0.2464 | 30 Open: 0.2459 Close: 0.2432 Mid: 0.2446 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2432 Close: 0.2448 Mid: 0.2439 | 2 Open: 0.2448 Close: 0.2459 Mid: 0.2446 | 3 Open: 0.2459 Close: 0.2486 Mid: 0.2480 | 4 | |||
5 | 6 Open: 0.2486 Close: 0.2495 Mid: 0.2493 | 7 Open: 0.2495 Close: 0.2478 Mid: 0.2486 | 8 Open: 0.2478 Close: 0.2477 Mid: 0.2473 | 9 Open: 0.2477 Close: 0.2491 Mid: 0.2479 | 10 Open: 0.2491 Close: 0.2492 Mid: 0.2492 | 11 |
12 | 13 Open: 0.2482 Close: 0.2499 Mid: 0.2493 | 14 Open: 0.2499 Close: 0.2501 Mid: 0.2499 | 15 Open: 0.2501 Close: 0.2533 Mid: 0.2516 | 16 Open: 0.2533 Close: 0.2526 Mid: 0.2529 | 17 Open: 0.2526 Close: 0.2531 Mid: 0.2526 | 18 |
19 | 20 Open: 0.2527 Close: 0.2525 Mid: 0.2530 | 21 Open: 0.2525 Close: 0.2532 Mid: 0.2530 | 22 Open: 0.2532 Close: 0.2524 Mid: 0.2533 | 23 Open: 0.2524 Close: 0.2531 Mid: 0.2533 | 24 Open: 0.2531 Close: 0.2554 Mid: 0.2547 | 25 |
26 | 27 Open: 0.2551 Close: 0.2575 Mid: 0.2563 | 28 Open: 0.2575 Close: 0.2571 Mid: 0.2577 | 29 Open: 0.2571 Close: 0.2552 Mid: 0.2564 | 30 Open: 0.2552 Close: 0.2562 Mid: 0.2558 | 31 Open: 0.2562 Close: 0.2575 Mid: 0.2571 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.2571 Close: 0.2585 Mid: 0.2579 | 4 Open: 0.2585 Close: 0.2557 Mid: 0.2567 | 5 Open: 0.2557 Close: 0.2554 Mid: 0.2559 | 6 Open: 0.2554 Close: 0.2560 Mid: 0.2556 | 7 Open: 0.2560 Close: 0.2523 Mid: 0.2545 | 8 |
9 | 10 Open: 0.2526 Close: 0.2539 Mid: 0.2524 | 11 Open: 0.2539 Close: 0.2527 Mid: 0.2531 | 12 Open: 0.2527 Close: 0.2554 Mid: 0.2550 | 13 Open: 0.2554 Close: 0.2538 Mid: 0.2546 | 14 Open: 0.2538 Close: 0.2532 Mid: 0.2532 | 15 |
16 | 17 Open: 0.2529 Close: 0.2535 Mid: 0.2526 | 18 Open: 0.2535 Close: 0.2554 Mid: 0.2540 | 19 Open: 0.2554 Close: 0.2558 Mid: 0.2556 | 20 Open: 0.2558 Close: 0.2562 Mid: 0.2563 | 21 Open: 0.2562 Close: 0.2557 Mid: 0.2560 | 22 |
23 | 24 Open: 0.2557 Close: 0.2564 Mid: 0.2559 | 25 Open: 0.2564 Close: 0.2546 Mid: 0.2557 | 26 Open: 0.2546 Close: 0.2530 Mid: 0.2537 | 27 Open: 0.2530 Close: 0.2536 Mid: 0.2535 | 28 Open: 0.2536 Close: 0.2530 Mid: 0.2535 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2535 Close: 0.2536 Mid: 0.2540 | 2 Open: 0.2536 Close: 0.2532 Mid: 0.2529 | 3 Open: 0.2532 Close: 0.2561 Mid: 0.2547 | 4 Open: 0.2561 Close: 0.2558 Mid: 0.2559 | 5 Open: 0.2558 Close: 0.2565 Mid: 0.2558 | 6 | |
7 | 8 Open: 0.2553 Close: 0.2548 Mid: 0.2554 | 9 Open: 0.2549 Close: 0.2550 Mid: 0.2547 | 10 Open: 0.2550 Close: 0.2523 Mid: 0.2538 | 11 Open: 0.2523 Close: 0.2522 Mid: 0.2518 | 12 Open: 0.2523 Close: 0.2519 Mid: 0.2520 | 13 |
14 | 15 Open: 0.2517 Close: 0.2499 Mid: 0.2510 | 16 Open: 0.2499 Close: 0.2504 Mid: 0.2498 | 17 Open: 0.2504 Close: 0.2521 Mid: 0.2511 | 18 Open: 0.2521 Close: 0.2500 Mid: 0.2510 | 19 Open: 0.2500 Close: 0.2475 Mid: 0.2487 | 20 |
21 | 22 Open: 0.2481 Close: 0.2466 Mid: 0.2471 | 23 Open: 0.2466 Close: 0.2453 Mid: 0.2456 | 24 Open: 0.2453 Close: 0.2450 Mid: 0.2450 | 25 Open: 0.2450 Close: 0.2449 Mid: 0.2443 | 26 Open: 0.2449 Close: 0.2452 Mid: 0.2458 | 27 |
28 | 29 Open: 0.2454 Close: 0.2457 Mid: 0.2457 | 30 Open: 0.2457 Close: 0.2467 Mid: 0.2460 | 31 Open: 0.2467 Close: 0.2479 Mid: 0.2474 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2479 Close: 0.2467 Mid: 0.2477 | 2 Open: 0.2467 Close: 0.2469 Mid: 0.2469 | 3 | ||||
4 | 5 Open: 0.2478 Close: 0.2452 Mid: 0.2454 | 6 Open: 0.2451 Close: 0.2474 Mid: 0.2467 | 7 Open: 0.2474 Close: 0.2500 Mid: 0.2494 | 8 Open: 0.2500 Close: 0.2492 Mid: 0.2498 | 9 Open: 0.2492 Close: 0.2501 Mid: 0.2496 | 10 |
11 | 12 Open: 0.2498 Close: 0.2500 Mid: 0.2505 | 13 Open: 0.2500 Close: 0.2519 Mid: 0.2509 | 14 Open: 0.2518 Close: 0.2521 Mid: 0.2525 | 15 Open: 0.2521 Close: 0.2514 Mid: 0.2522 | 16 Open: 0.2514 Close: 0.2531 Mid: 0.2518 | 17 |
18 | 19 Open: 0.2534 Close: 0.2562 Mid: 0.2544 | 20 Open: 0.2562 Close: 0.2575 Mid: 0.2565 | 21 Open: 0.2575 Close: 0.2572 Mid: 0.2574 | 22 Open: 0.2572 Close: 0.2549 Mid: 0.2565 | 23 Open: 0.2549 Close: 0.2583 Mid: 0.2561 | 24 |
25 | 26 Open: 0.2572 Close: 0.2562 Mid: 0.2570 | 27 Open: 0.2563 Close: 0.2584 Mid: 0.2572 | 28 Open: 0.2584 Close: 0.2572 Mid: 0.2572 | 29 Open: 0.2572 Close: 0.2573 Mid: 0.2574 | 30 Open: 0.2573 Close: 0.2548 Mid: 0.2561 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2555 Close: 0.2553 Mid: 0.2553 | 3 Open: 0.2554 Close: 0.2528 Mid: 0.2538 | 4 Open: 0.2528 Close: 0.2541 Mid: 0.2534 | 5 Open: 0.2541 Close: 0.2542 Mid: 0.2544 | 6 Open: 0.2542 Close: 0.2522 Mid: 0.2537 | 7 |
8 | 9 Open: 0.2520 Close: 0.2494 Mid: 0.2507 | 10 Open: 0.2494 Close: 0.2493 Mid: 0.2499 | 11 Open: 0.2493 Close: 0.2491 Mid: 0.2492 | 12 Open: 0.2491 Close: 0.2522 Mid: 0.2504 | 13 Open: 0.2522 Close: 0.2535 Mid: 0.2531 | 14 |
15 | 16 Open: 0.2524 Close: 0.2552 Mid: 0.2542 | 17 Open: 0.2552 Close: 0.2546 Mid: 0.2550 | 18 Open: 0.2546 Close: 0.2551 Mid: 0.2558 | 19 Open: 0.2551 Close: 0.2576 Mid: 0.2567 | 20 Open: 0.2576 Close: 0.2577 Mid: 0.2573 | 21 |
22 | 23 Open: 0.2578 Close: 0.2576 Mid: 0.2575 | 24 Open: 0.2576 Close: 0.2598 Mid: 0.2586 | 25 Open: 0.2598 Close: 0.2556 Mid: 0.2578 | 26 Open: 0.2556 Close: 0.2566 Mid: 0.2560 | 27 Open: 0.2566 Close: 0.2574 Mid: 0.2569 | 28 |
29 | 30 Open: 0.2571 Close: 0.2562 Mid: 0.2570 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2562 Close: 0.2547 Mid: 0.2551 | 2 Open: 0.2547 Close: 0.2557 Mid: 0.2555 | 3 Open: 0.2557 Close: 0.2547 Mid: 0.2551 | 4 Open: 0.2547 Close: 0.2536 Mid: 0.2542 | 5 | ||
6 | 7 Open: 0.2528 Close: 0.2540 Mid: 0.2537 | 8 Open: 0.2540 Close: 0.2525 Mid: 0.2530 | 9 Open: 0.2525 Close: 0.2507 Mid: 0.2512 | 10 Open: 0.2507 Close: 0.2518 Mid: 0.2504 | 11 Open: 0.2518 Close: 0.2526 Mid: 0.2519 | 12 |
13 | 14 Open: 0.2517 Close: 0.2503 Mid: 0.2513 | 15 Open: 0.2503 Close: 0.2497 Mid: 0.2500 | 16 Open: 0.2497 Close: 0.2475 Mid: 0.2491 | 17 Open: 0.2476 Close: 0.2474 Mid: 0.2474 | 18 Open: 0.2474 Close: 0.2474 Mid: 0.2478 | 19 |
20 | 21 Open: 0.2473 Close: 0.2467 Mid: 0.2472 | 22 Open: 0.2467 Close: 0.2475 Mid: 0.2473 | 23 Open: 0.2475 Close: 0.2459 Mid: 0.2460 | 24 Open: 0.2459 Close: 0.2470 Mid: 0.2465 | 25 Open: 0.2470 Close: 0.2463 Mid: 0.2470 | 26 |
27 | 28 Open: 0.2472 Close: 0.2457 Mid: 0.2460 | 29 Open: 0.2457 Close: 0.2465 Mid: 0.2464 | 30 Open: 0.2465 Close: 0.2465 Mid: 0.2464 | 31 Open: 0.2465 Close: 0.2456 Mid: 0.2456 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.2456 Close: 0.2443 Mid: 0.2453 | 2 | |||||
3 | 4 Open: 0.2459 Close: 0.2456 Mid: 0.2461 | 5 Open: 0.2456 Close: 0.2467 Mid: 0.2463 | 6 Open: 0.2467 Close: 0.2440 Mid: 0.2446 | 7 Open: 0.2440 Close: 0.2487 Mid: 0.2467 | 8 Open: 0.2488 Close: 0.2456 Mid: 0.2467 | 9 |
10 | 11 Open: 0.2453 Close: 0.2450 Mid: 0.2449 | 12 Open: 0.2450 Close: 0.2440 Mid: 0.2442 | 13 Open: 0.2440 Close: 0.2427 Mid: 0.2436 | 14 Open: 0.2427 Close: 0.2423 Mid: 0.2430 | 15 Open: 0.2423 Close: 0.2437 Mid: 0.2431 | 16 |
17 | 18 Open: 0.2431 Close: 0.2457 Mid: 0.2443 | 19 Open: 0.2457 Close: 0.2462 Mid: 0.2455 | 20 Open: 0.2461 Close: 0.2443 Mid: 0.2453 | 21 Open: 0.2443 Close: 0.2441 Mid: 0.2442 | 22 Open: 0.2441 Close: 0.2442 Mid: 0.2434 | 23 |
24 | 25 Open: 0.2451 Close: 0.2437 Mid: 0.2445 | 26 Open: 0.2437 Close: 0.2421 Mid: 0.2428 | 27 Open: 0.2422 Close: 0.2443 Mid: 0.2435 | 28 Open: 0.2443 Close: 0.2448 Mid: 0.2442 | 29 Open: 0.2448 Close: 0.2447 Mid: 0.2445 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.2452 Close: 0.2434 Mid: 0.2435 | 3 Open: 0.2434 Close: 0.2442 Mid: 0.2441 | 4 Open: 0.2442 Close: 0.2444 Mid: 0.2447 | 5 Open: 0.2444 Close: 0.2449 Mid: 0.2447 | 6 Open: 0.2449 Close: 0.2422 Mid: 0.2436 | 7 |
8 | 9 Open: 0.2423 Close: 0.2429 Mid: 0.2427 | 10 Open: 0.2429 Close: 0.2423 Mid: 0.2428 | 11 Open: 0.2423 Close: 0.2424 Mid: 0.2421 | 12 Open: 0.2424 Close: 0.2418 Mid: 0.2428 | 13 Open: 0.2418 Close: 0.2426 Mid: 0.2423 | 14 |
15 | 16 Open: 0.2423 Close: 0.2423 Mid: 0.2422 | 17 Open: 0.2423 Close: 0.2414 Mid: 0.2417 | 18 Open: 0.2414 Close: 0.2373 Mid: 0.2397 | 19 Open: 0.2373 Close: 0.2361 Mid: 0.2375 | 20 Open: 0.2361 Close: 0.2387 Mid: 0.2373 | 21 |
22 | 23 Open: 0.2389 Close: 0.2380 Mid: 0.2384 | 24 Open: 0.2380 Close: 0.2377 Mid: 0.2377 | 25 Open: 0.2380 Close: 0.2377 Mid: 0.2377 | 26 Open: 0.2377 Close: 0.2379 Mid: 0.2377 | 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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