Best Norwegian Krone / Hong Kong Dollar Exchange Rate Today: 0.6836
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.6815, and the most competitive travel money / cash rates start at approximately 0.6774.
Live rate: 1 NOK = 0.6836 HKD (+0.0585% )
Inverted: 1 HKD = 1.4628 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 | 0.6836 | 0 | 0.6768 | |||
 | 0.6815 (indicative) | 0 | 0.6815 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.6788 (indicative) | 0 | 0.6788 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.6836 | 1.06% | 0.6764 | 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. | |
 | 0.6774 | 0 | 0.6774 | 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  | 0.6645 (upper range) | Variable | 0.6645 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.6597 (lower range) | Variable | 0.6597 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.6528 | 0 | 0.6528 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7661 Close: 0.7678 Mid: 0.7685 | 2 Open: 0.7676 Close: 0.7551 Mid: 0.7629 | 3 Open: 0.7551 Close: 0.7545 Mid: 0.7548 | 4 Open: 0.7548 Close: 0.7583 Mid: 0.7568 | 5 Open: 0.7582 Close: 0.7580 Mid: 0.7574 | 6 | |
7 | 8 Open: 0.7557 Close: 0.7530 Mid: 0.7541 | 9 Open: 0.7532 Close: 0.7539 Mid: 0.7538 | 10 Open: 0.7540 Close: 0.7556 Mid: 0.7559 | 11 Open: 0.7557 Close: 0.7583 Mid: 0.7560 | 12 Open: 0.7583 Close: 0.7601 Mid: 0.7594 | 13 |
14 | 15 Open: 0.7610 Close: 0.7552 Mid: 0.7579 | 16 Open: 0.7559 Close: 0.7475 Mid: 0.7514 | 17 Open: 0.7475 Close: 0.7442 Mid: 0.7453 | 18 Open: 0.7441 Close: 0.7427 Mid: 0.7431 | 19 Open: 0.7428 Close: 0.7449 Mid: 0.7449 | 20 |
21 | 22 Open: 0.7453 Close: 0.7428 Mid: 0.7446 | 23 Open: 0.7433 Close: 0.7445 Mid: 0.7438 | 24 Open: 0.7445 Close: 0.7466 Mid: 0.7468 | 25 Open: 0.7469 Close: 0.7493 Mid: 0.7476 | 26 Open: 0.7491 Close: 0.7502 Mid: 0.7491 | 27 |
28 | 29 Open: 0.7492 Close: 0.7497 Mid: 0.7483 | 30 Open: 0.7495 Close: 0.7490 Mid: 0.7484 | 31 Open: 0.7488 Close: 0.7443 Mid: 0.7480 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7442 Close: 0.7487 Mid: 0.7460 | 2 Open: 0.7494 Close: 0.7366 Mid: 0.7427 | 3 | ||||
4 | 5 Open: 0.7367 Close: 0.7313 Mid: 0.7347 | 6 Open: 0.7316 Close: 0.7390 Mid: 0.7347 | 7 Open: 0.7391 Close: 0.7389 Mid: 0.7386 | 8 Open: 0.7390 Close: 0.7365 Mid: 0.7372 | 9 Open: 0.7365 Close: 0.7414 Mid: 0.7385 | 10 |
11 | 12 Open: 0.7410 Close: 0.7447 Mid: 0.7429 | 13 Open: 0.7445 Close: 0.7322 Mid: 0.7395 | 14 Open: 0.7322 Close: 0.7388 Mid: 0.7355 | 15 Open: 0.7388 Close: 0.7430 Mid: 0.7405 | 16 Open: 0.7429 Close: 0.7445 Mid: 0.7430 | 17 |
18 | 19 Open: 0.7434 Close: 0.7458 Mid: 0.7450 | 20 Open: 0.7458 Close: 0.7457 Mid: 0.7465 | 21 Open: 0.7457 Close: 0.7458 Mid: 0.7454 | 22 Open: 0.7460 Close: 0.7442 Mid: 0.7470 | 23 Open: 0.7442 Close: 0.7423 Mid: 0.7435 | 24 |
25 | 26 Open: 0.7431 Close: 0.7443 Mid: 0.7430 | 27 Open: 0.7444 Close: 0.7429 Mid: 0.7434 | 28 Open: 0.7427 Close: 0.7392 Mid: 0.7399 | 29 Open: 0.7391 Close: 0.7369 Mid: 0.7382 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7371 Close: 0.7443 Mid: 0.7402 | 2 | |||||
3 | 4 Open: 0.7439 Close: 0.7404 Mid: 0.7427 | 5 Open: 0.7404 Close: 0.7398 Mid: 0.7411 | 6 Open: 0.7401 Close: 0.7459 Mid: 0.7426 | 7 Open: 0.7458 Close: 0.7518 Mid: 0.7483 | 8 Open: 0.7518 Close: 0.7500 Mid: 0.7526 | 9 |
10 | 11 Open: 0.7499 Close: 0.7479 Mid: 0.7477 | 12 Open: 0.7479 Close: 0.7438 Mid: 0.7457 | 13 Open: 0.7437 Close: 0.7465 Mid: 0.7455 | 14 Open: 0.7465 Close: 0.7408 Mid: 0.7437 | 15 Open: 0.7408 Close: 0.7367 Mid: 0.7388 | 16 |
17 | 18 Open: 0.7429 Close: 0.7337 Mid: 0.7380 | 19 Open: 0.7337 Close: 0.7346 Mid: 0.7328 | 20 Open: 0.7346 Close: 0.7403 Mid: 0.7359 | 21 Open: 0.7401 Close: 0.7332 Mid: 0.7374 | 22 Open: 0.7332 Close: 0.7272 Mid: 0.7301 | 23 |
24 | 25 Open: 0.7249 Close: 0.7299 Mid: 0.7284 | 26 Open: 0.7299 Close: 0.7274 Mid: 0.7306 | 27 Open: 0.7273 Close: 0.7255 Mid: 0.7273 | 28 Open: 0.7256 Close: 0.7209 Mid: 0.7226 | 29 Open: 0.7209 Close: 0.7224 Mid: 0.7213 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7225 Close: 0.7142 Mid: 0.7184 | 2 Open: 0.7142 Close: 0.7222 Mid: 0.7178 | 3 Open: 0.7222 Close: 0.7305 Mid: 0.7260 | 4 Open: 0.7304 Close: 0.7297 Mid: 0.7314 | 5 Open: 0.7296 Close: 0.7298 Mid: 0.7280 | 6 | |
7 | 8 Open: 0.7292 Close: 0.7331 Mid: 0.7313 | 9 Open: 0.7331 Close: 0.7335 Mid: 0.7348 | 10 Open: 0.7335 Close: 0.7235 Mid: 0.7292 | 11 Open: 0.7235 Close: 0.7240 Mid: 0.7228 | 12 Open: 0.7240 Close: 0.7189 Mid: 0.7204 | 13 |
14 | 15 Open: 0.7182 Close: 0.7154 Mid: 0.7175 | 16 Open: 0.7154 Close: 0.7130 Mid: 0.7134 | 17 Open: 0.7130 Close: 0.7119 Mid: 0.7120 | 18 Open: 0.7118 Close: 0.7084 Mid: 0.7113 | 19 Open: 0.7084 Close: 0.7109 Mid: 0.7105 | 20 |
21 | 22 Open: 0.7096 Close: 0.7130 Mid: 0.7105 | 23 Open: 0.7130 Close: 0.7180 Mid: 0.7144 | 24 Open: 0.7180 Close: 0.7129 Mid: 0.7154 | 25 Open: 0.7129 Close: 0.7143 Mid: 0.7134 | 26 Open: 0.7143 Close: 0.7094 Mid: 0.7119 | 27 |
28 | 29 Open: 0.7101 Close: 0.7122 Mid: 0.7114 | 30 Open: 0.7121 Close: 0.7040 Mid: 0.7082 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7040 Close: 0.7087 Mid: 0.7061 | 2 Open: 0.7086 Close: 0.7107 Mid: 0.7074 | 3 Open: 0.7107 Close: 0.7185 Mid: 0.7178 | 4 | |||
5 | 6 Open: 0.7188 Close: 0.7218 Mid: 0.7206 | 7 Open: 0.7217 Close: 0.7171 Mid: 0.7194 | 8 Open: 0.7171 Close: 0.7166 Mid: 0.7157 | 9 Open: 0.7166 Close: 0.7202 Mid: 0.7165 | 10 Open: 0.7202 Close: 0.7206 Mid: 0.7205 | 11 |
12 | 13 Open: 0.7181 Close: 0.7223 Mid: 0.7206 | 14 Open: 0.7223 Close: 0.7230 Mid: 0.7221 | 15 Open: 0.7230 Close: 0.7322 Mid: 0.7273 | 16 Open: 0.7321 Close: 0.7293 Mid: 0.7302 | 17 Open: 0.7293 Close: 0.7306 Mid: 0.7293 | 18 |
19 | 20 Open: 0.7298 Close: 0.7288 Mid: 0.7301 | 21 Open: 0.7288 Close: 0.7313 Mid: 0.7302 | 22 Open: 0.7313 Close: 0.7291 Mid: 0.7314 | 23 Open: 0.7291 Close: 0.7315 Mid: 0.7318 | 24 Open: 0.7315 Close: 0.7383 Mid: 0.7359 | 25 |
26 | 27 Open: 0.7374 Close: 0.7438 Mid: 0.7404 | 28 Open: 0.7438 Close: 0.7433 Mid: 0.7447 | 29 Open: 0.7433 Close: 0.7377 Mid: 0.7413 | 30 Open: 0.7377 Close: 0.7411 Mid: 0.7396 | 31 Open: 0.7410 Close: 0.7451 Mid: 0.7437 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.7440 Close: 0.7484 Mid: 0.7462 | 4 Open: 0.7483 Close: 0.7394 Mid: 0.7424 | 5 Open: 0.7394 Close: 0.7381 Mid: 0.7393 | 6 Open: 0.7381 Close: 0.7398 Mid: 0.7385 | 7 Open: 0.7398 Close: 0.7294 Mid: 0.7354 | 8 |
9 | 10 Open: 0.7299 Close: 0.7339 Mid: 0.7298 | 11 Open: 0.7339 Close: 0.7306 Mid: 0.7314 | 12 Open: 0.7306 Close: 0.7380 Mid: 0.7371 | 13 Open: 0.7381 Close: 0.7333 Mid: 0.7358 | 14 Open: 0.7333 Close: 0.7318 Mid: 0.7317 | 15 |
16 | 17 Open: 0.7310 Close: 0.7326 Mid: 0.7301 | 18 Open: 0.7326 Close: 0.7379 Mid: 0.7340 | 19 Open: 0.7379 Close: 0.7389 Mid: 0.7385 | 20 Open: 0.7388 Close: 0.7397 Mid: 0.7400 | 21 Open: 0.7397 Close: 0.7385 Mid: 0.7390 | 22 |
23 | 24 Open: 0.7384 Close: 0.7409 Mid: 0.7391 | 25 Open: 0.7409 Close: 0.7358 Mid: 0.7389 | 26 Open: 0.7359 Close: 0.7312 Mid: 0.7330 | 27 Open: 0.7312 Close: 0.7326 Mid: 0.7327 | 28 Open: 0.7327 Close: 0.7311 Mid: 0.7324 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7326 Close: 0.7330 Mid: 0.7346 | 2 Open: 0.7330 Close: 0.7322 Mid: 0.7309 | 3 Open: 0.7322 Close: 0.7400 Mid: 0.7366 | 4 Open: 0.7400 Close: 0.7391 Mid: 0.7395 | 5 Open: 0.7391 Close: 0.7415 Mid: 0.7395 | 6 | |
7 | 8 Open: 0.7379 Close: 0.7362 Mid: 0.7384 | 9 Open: 0.7367 Close: 0.7370 Mid: 0.7362 | 10 Open: 0.7370 Close: 0.7291 Mid: 0.7337 | 11 Open: 0.7291 Close: 0.7288 Mid: 0.7280 | 12 Open: 0.7288 Close: 0.7279 Mid: 0.7279 | 13 |
14 | 15 Open: 0.7272 Close: 0.7219 Mid: 0.7251 | 16 Open: 0.7220 Close: 0.7235 Mid: 0.7213 | 17 Open: 0.7234 Close: 0.7283 Mid: 0.7255 | 18 Open: 0.7283 Close: 0.7225 Mid: 0.7253 | 19 Open: 0.7225 Close: 0.7153 Mid: 0.7188 | 20 |
21 | 22 Open: 0.7169 Close: 0.7124 Mid: 0.7137 | 23 Open: 0.7125 Close: 0.7090 Mid: 0.7093 | 24 Open: 0.7091 Close: 0.7078 Mid: 0.7079 | 25 Open: 0.7078 Close: 0.7074 Mid: 0.7060 | 26 Open: 0.7074 Close: 0.7081 Mid: 0.7102 | 27 |
28 | 29 Open: 0.7089 Close: 0.7099 Mid: 0.7097 | 30 Open: 0.7099 Close: 0.7131 Mid: 0.7109 | 31 Open: 0.7131 Close: 0.7166 Mid: 0.7152 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7166 Close: 0.7136 Mid: 0.7160 | 2 Open: 0.7136 Close: 0.7132 Mid: 0.7135 | 3 | ||||
4 | 5 Open: 0.7153 Close: 0.7067 Mid: 0.7070 | 6 Open: 0.7067 Close: 0.7135 Mid: 0.7112 | 7 Open: 0.7136 Close: 0.7217 Mid: 0.7195 | 8 Open: 0.7217 Close: 0.7188 Mid: 0.7200 | 9 Open: 0.7188 Close: 0.7216 Mid: 0.7201 | 10 |
11 | 12 Open: 0.7209 Close: 0.7208 Mid: 0.7226 | 13 Open: 0.7208 Close: 0.7256 Mid: 0.7233 | 14 Open: 0.7257 Close: 0.7270 Mid: 0.7277 | 15 Open: 0.7270 Close: 0.7255 Mid: 0.7273 | 16 Open: 0.7254 Close: 0.7301 Mid: 0.7263 | 17 |
18 | 19 Open: 0.7310 Close: 0.7382 Mid: 0.7334 | 20 Open: 0.7383 Close: 0.7422 Mid: 0.7398 | 21 Open: 0.7422 Close: 0.7418 Mid: 0.7422 | 22 Open: 0.7418 Close: 0.7356 Mid: 0.7399 | 23 Open: 0.7355 Close: 0.7454 Mid: 0.7391 | 24 |
25 | 26 Open: 0.7420 Close: 0.7393 Mid: 0.7416 | 27 Open: 0.7393 Close: 0.7459 Mid: 0.7423 | 28 Open: 0.7458 Close: 0.7426 Mid: 0.7422 | 29 Open: 0.7427 Close: 0.7424 Mid: 0.7426 | 30 Open: 0.7424 Close: 0.7349 Mid: 0.7386 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.7373 Close: 0.7366 Mid: 0.7365 | 3 Open: 0.7367 Close: 0.7296 Mid: 0.7323 | 4 Open: 0.7296 Close: 0.7331 Mid: 0.7311 | 5 Open: 0.7331 Close: 0.7332 Mid: 0.7337 | 6 Open: 0.7331 Close: 0.7275 Mid: 0.7320 | 7 |
8 | 9 Open: 0.7267 Close: 0.7195 Mid: 0.7231 | 10 Open: 0.7194 Close: 0.7192 Mid: 0.7210 | 11 Open: 0.7192 Close: 0.7187 Mid: 0.7188 | 12 Open: 0.7187 Close: 0.7280 Mid: 0.7228 | 13 Open: 0.7280 Close: 0.7316 Mid: 0.7304 | 14 |
15 | 16 Open: 0.7282 Close: 0.7360 Mid: 0.7333 | 17 Open: 0.7360 Close: 0.7344 Mid: 0.7353 | 18 Open: 0.7344 Close: 0.7358 Mid: 0.7382 | 19 Open: 0.7359 Close: 0.7429 Mid: 0.7403 | 20 Open: 0.7429 Close: 0.7430 Mid: 0.7418 | 21 |
22 | 23 Open: 0.7429 Close: 0.7423 Mid: 0.7416 | 24 Open: 0.7424 Close: 0.7482 Mid: 0.7447 | 25 Open: 0.7481 Close: 0.7364 Mid: 0.7425 | 26 Open: 0.7364 Close: 0.7387 Mid: 0.7372 | 27 Open: 0.7388 Close: 0.7403 Mid: 0.7391 | 28 |
29 | 30 Open: 0.7394 Close: 0.7369 Mid: 0.7386 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7370 Close: 0.7324 Mid: 0.7336 | 2 Open: 0.7324 Close: 0.7345 Mid: 0.7341 | 3 Open: 0.7344 Close: 0.7318 Mid: 0.7327 | 4 Open: 0.7318 Close: 0.7288 Mid: 0.7302 | 5 | ||
6 | 7 Open: 0.7274 Close: 0.7299 Mid: 0.7291 | 8 Open: 0.7298 Close: 0.7264 Mid: 0.7274 | 9 Open: 0.7265 Close: 0.7209 Mid: 0.7223 | 10 Open: 0.7210 Close: 0.7239 Mid: 0.7198 | 11 Open: 0.7239 Close: 0.7263 Mid: 0.7243 | 12 |
13 | 14 Open: 0.7237 Close: 0.7191 Mid: 0.7223 | 15 Open: 0.7191 Close: 0.7177 Mid: 0.7185 | 16 Open: 0.7178 Close: 0.7119 Mid: 0.7161 | 17 Open: 0.7118 Close: 0.7117 Mid: 0.7114 | 18 Open: 0.7118 Close: 0.7115 Mid: 0.7128 | 19 |
20 | 21 Open: 0.7110 Close: 0.7096 Mid: 0.7107 | 22 Open: 0.7096 Close: 0.7119 Mid: 0.7111 | 23 Open: 0.7119 Close: 0.7068 Mid: 0.7074 | 24 Open: 0.7068 Close: 0.7103 Mid: 0.7089 | 25 Open: 0.7103 Close: 0.7083 Mid: 0.7102 | 26 |
27 | 28 Open: 0.7100 Close: 0.7066 Mid: 0.7075 | 29 Open: 0.7066 Close: 0.7090 Mid: 0.7086 | 30 Open: 0.7090 Close: 0.7089 Mid: 0.7089 | 31 Open: 0.7089 Close: 0.7066 Mid: 0.7061 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7066 Close: 0.7034 Mid: 0.7059 | 2 | |||||
3 | 4 Open: 0.7078 Close: 0.7063 Mid: 0.7077 | 5 Open: 0.7064 Close: 0.7097 Mid: 0.7084 | 6 Open: 0.7096 Close: 0.7021 Mid: 0.7035 | 7 Open: 0.7020 Close: 0.7152 Mid: 0.7097 | 8 Open: 0.7152 Close: 0.7067 Mid: 0.7093 | 9 |
10 | 11 Open: 0.7054 Close: 0.7049 Mid: 0.7045 | 12 Open: 0.7049 Close: 0.7022 Mid: 0.7027 | 13 Open: 0.7022 Close: 0.6986 Mid: 0.7010 | 14 Open: 0.6986 Close: 0.6979 Mid: 0.6999 | 15 Open: 0.6979 Close: 0.7023 Mid: 0.7005 | 16 |
17 | 18 Open: 0.7010 Close: 0.7076 Mid: 0.7039 | 19 Open: 0.7076 Close: 0.7089 Mid: 0.7067 | 20 Open: 0.7089 Close: 0.7037 Mid: 0.7065 | 21 Open: 0.7037 Close: 0.7029 Mid: 0.7032 | 22 Open: 0.7029 Close: 0.7033 Mid: 0.7007 | 23 |
24 | 25 Open: 0.7060 Close: 0.7018 Mid: 0.7039 | 26 Open: 0.7018 Close: 0.6974 Mid: 0.6991 | 27 Open: 0.6974 Close: 0.7034 Mid: 0.7012 | 28 Open: 0.7034 Close: 0.7050 Mid: 0.7033 | 29 Open: 0.7050 Close: 0.7046 Mid: 0.7042 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.7055 Close: 0.7010 Mid: 0.7008 | 3 Open: 0.7010 Close: 0.7033 Mid: 0.7029 | 4 Open: 0.7033 Close: 0.7040 Mid: 0.7041 | 5 Open: 0.7040 Close: 0.7052 Mid: 0.7046 | 6 Open: 0.7052 Close: 0.6973 Mid: 0.7017 | 7 |
8 | 9 Open: 0.6975 Close: 0.6988 Mid: 0.6985 | 10 Open: 0.6988 Close: 0.6971 Mid: 0.6985 | 11 Open: 0.6971 Close: 0.6974 Mid: 0.6964 | 12 Open: 0.6974 Close: 0.6956 Mid: 0.6985 | 13 Open: 0.6956 Close: 0.6977 Mid: 0.6970 | 14 |
15 | 16 Open: 0.6970 Close: 0.6969 Mid: 0.6970 | 17 Open: 0.6969 Close: 0.6938 Mid: 0.6949 | 18 Open: 0.6939 Close: 0.6823 Mid: 0.6890 | 19 Open: 0.6823 Close: 0.6788 Mid: 0.6829 | 20 Open: 0.6788 Close: 0.6867 Mid: 0.6822 | 21 |
22 | 23 Open: 0.6871 Close: 0.6843 Mid: 0.6853 | 24 Open: 0.6843 Close: 0.6832 Mid: 0.6829 | 25 Open: 0.6843 Close: 0.6832 Mid: 0.6829 | 26 Open: 0.6832 Close: 0.6839 Mid: 0.6831 | 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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