Best Norwegian Krone / Malaysian Ringgit Exchange Rate Today: 0.3935
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.3923, and the most competitive travel money / cash rates start at approximately 0.3900.
Live rate: 1 NOK = 0.3935 MYR (-0.1269% )
Inverted: 1 MYR = 2.5413 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 | 0.3935 | 0 | 0.3896 | |||
 | 0.3923 (indicative) | 0 | 0.3923 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.3907 (indicative) | 0 | 0.3907 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.3935 | 0.94% | 0.3898 | 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. | |
 | 0.3900 | 0 | 0.3900 | 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  | 0.3825 (upper range) | Variable | 0.3825 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3797 (lower range) | Variable | 0.3797 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3758 | 0 | 0.3758 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4537 Close: 0.4518 Mid: 0.4535 | 2 Open: 0.4517 Close: 0.4453 Mid: 0.4491 | 3 Open: 0.4452 Close: 0.4445 Mid: 0.4461 | 4 Open: 0.4450 Close: 0.4500 Mid: 0.4471 | 5 Open: 0.4499 Close: 0.4505 Mid: 0.4501 | 6 | |
7 | 8 Open: 0.4491 Close: 0.4487 Mid: 0.4494 | 9 Open: 0.4489 Close: 0.4492 Mid: 0.4492 | 10 Open: 0.4492 Close: 0.4483 Mid: 0.4495 | 11 Open: 0.4484 Close: 0.4501 Mid: 0.4494 | 12 Open: 0.4502 Close: 0.4522 Mid: 0.4513 | 13 |
14 | 15 Open: 0.4527 Close: 0.4507 Mid: 0.4516 | 16 Open: 0.4511 Close: 0.4440 Mid: 0.4478 | 17 Open: 0.4443 Close: 0.4489 Mid: 0.4466 | 18 Open: 0.4489 Close: 0.4472 Mid: 0.4485 | 19 Open: 0.4473 Close: 0.4479 Mid: 0.4490 | 20 |
21 | 22 Open: 0.4484 Close: 0.4488 Mid: 0.4486 | 23 Open: 0.4491 Close: 0.4489 Mid: 0.4496 | 24 Open: 0.4490 Close: 0.4520 Mid: 0.4505 | 25 Open: 0.4516 Close: 0.4534 Mid: 0.4525 | 26 Open: 0.4535 Close: 0.4550 Mid: 0.4533 | 27 |
28 | 29 Open: 0.4546 Close: 0.4528 Mid: 0.4534 | 30 Open: 0.4528 Close: 0.4522 Mid: 0.4532 | 31 Open: 0.4521 Close: 0.4513 Mid: 0.4522 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4511 Close: 0.4509 Mid: 0.4515 | 2 Open: 0.4514 Close: 0.4451 Mid: 0.4489 | 3 | ||||
4 | 5 Open: 0.4452 Close: 0.5835 Mid: 0.5150 | 6 Open: 0.5807 Close: 0.4480 Mid: 0.5138 | 7 Open: 0.4483 Close: 0.4504 Mid: 0.4489 | 8 Open: 0.4504 Close: 0.4483 Mid: 0.4496 | 9 Open: 0.4485 Close: 0.4510 Mid: 0.4502 | 10 |
11 | 12 Open: 0.4505 Close: 0.4539 Mid: 0.4521 | 13 Open: 0.4537 Close: 0.4465 Mid: 0.4502 | 14 Open: 0.4466 Close: 0.4502 Mid: 0.4490 | 15 Open: 0.4503 Close: 0.4540 Mid: 0.4523 | 16 Open: 0.4540 Close: 0.4538 Mid: 0.4537 | 17 |
18 | 19 Open: 0.4531 Close: 0.4562 Mid: 0.4547 | 20 Open: 0.4562 Close: 0.4568 Mid: 0.4563 | 21 Open: 0.4568 Close: 0.4571 Mid: 0.4571 | 22 Open: 0.4571 Close: 0.4552 Mid: 0.4568 | 23 Open: 0.4553 Close: 0.4535 Mid: 0.4540 | 24 |
25 | 26 Open: 0.4535 Close: 0.4543 Mid: 0.4535 | 27 Open: 0.4544 Close: 0.4535 Mid: 0.4538 | 28 Open: 0.4533 Close: 0.4497 Mid: 0.4515 | 29 Open: 0.4497 Close: 0.4473 Mid: 0.4486 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4474 Close: 0.4495 Mid: 0.4483 | 2 | |||||
3 | 4 Open: 0.4494 Close: 0.4466 Mid: 0.4481 | 5 Open: 0.4466 Close: 0.4463 Mid: 0.4470 | 6 Open: 0.4467 Close: 0.4516 Mid: 0.4487 | 7 Open: 0.4514 Close: 0.4543 Mid: 0.4512 | 8 Open: 0.4540 Close: 0.4501 Mid: 0.4517 | 9 |
10 | 11 Open: 0.4497 Close: 0.4482 Mid: 0.4486 | 12 Open: 0.4482 Close: 0.4446 Mid: 0.4468 | 13 Open: 0.4446 Close: 0.4466 Mid: 0.4461 | 14 Open: 0.4466 Close: 0.4435 Mid: 0.4455 | 15 Open: 0.4436 Close: 0.4686 Mid: 0.4565 | 16 |
17 | 18 Open: 0.4720 Close: 0.4415 Mid: 0.4564 | 19 Open: 0.4416 Close: 0.4436 Mid: 0.4426 | 20 Open: 0.4444 Close: 0.4450 Mid: 0.4446 | 21 Open: 0.4451 Close: 0.4459 Mid: 0.4458 | 22 Open: 0.4458 Close: 0.4409 Mid: 0.4435 | 23 |
24 | 25 Open: 0.4395 Close: 0.4426 Mid: 0.4410 | 26 Open: 0.4409 Close: 0.4393 Mid: 0.4409 | 27 Open: 0.4393 Close: 0.4372 Mid: 0.4393 | 28 Open: 0.4373 Close: 0.4365 Mid: 0.4370 | 29 Open: 0.4365 Close: 0.4364 Mid: 0.4361 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4362 Close: 0.4320 Mid: 0.4341 | 2 Open: 0.4320 Close: 0.4359 Mid: 0.4345 | 3 Open: 0.4360 Close: 0.4431 Mid: 0.4396 | 4 Open: 0.4430 Close: 0.4432 Mid: 0.4431 | 5 Open: 0.4430 Close: 0.4425 Mid: 0.4425 | 6 | |
7 | 8 Open: 0.4424 Close: 0.4441 Mid: 0.4434 | 9 Open: 0.4442 Close: 0.4448 Mid: 0.4450 | 10 Open: 0.4448 Close: 0.4380 Mid: 0.4417 | 11 Open: 0.4380 Close: 0.4378 Mid: 0.4374 | 12 Open: 0.4379 Close: 0.4376 Mid: 0.4379 | 13 |
14 | 15 Open: 0.4373 Close: 0.4368 Mid: 0.4370 | 16 Open: 0.4368 Close: 0.4341 Mid: 0.4353 | 17 Open: 0.4341 Close: 0.4351 Mid: 0.4340 | 18 Open: 0.4351 Close: 0.4343 Mid: 0.4349 | 19 Open: 0.4342 Close: 0.4353 Mid: 0.4347 | 20 |
21 | 22 Open: 0.4342 Close: 0.4351 Mid: 0.4348 | 23 Open: 0.4351 Close: 0.4373 Mid: 0.4356 | 24 Open: 0.4374 Close: 0.4346 Mid: 0.4364 | 25 Open: 0.4347 Close: 0.4353 Mid: 0.4350 | 26 Open: 0.4353 Close: 0.4333 Mid: 0.4346 | 27 |
28 | 29 Open: 0.4340 Close: 0.4343 Mid: 0.4343 | 30 Open: 0.4343 Close: 0.4302 Mid: 0.4323 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4301 Close: 0.4323 Mid: 0.4312 | 2 Open: 0.4323 Close: 0.4334 Mid: 0.4323 | 3 Open: 0.4334 Close: 0.4370 Mid: 0.4351 | 4 | |||
5 | 6 Open: 0.4370 Close: 0.4377 Mid: 0.4371 | 7 Open: 0.4376 Close: 0.4359 Mid: 0.4367 | 8 Open: 0.4358 Close: 0.4347 Mid: 0.4350 | 9 Open: 0.4347 Close: 0.4370 Mid: 0.4354 | 10 Open: 0.4370 Close: 0.4370 Mid: 0.4370 | 11 |
12 | 13 Open: 0.4353 Close: 0.4379 Mid: 0.4369 | 14 Open: 0.4379 Close: 0.4377 Mid: 0.4372 | 15 Open: 0.4375 Close: 0.4419 Mid: 0.4389 | 16 Open: 0.4416 Close: 0.4400 Mid: 0.4400 | 17 Open: 0.4398 Close: 0.4388 Mid: 0.4383 | 18 |
19 | 20 Open: 0.4386 Close: 0.4382 Mid: 0.4387 | 21 Open: 0.4382 Close: 0.4393 Mid: 0.4389 | 22 Open: 0.4393 Close: 0.4386 Mid: 0.4391 | 23 Open: 0.4387 Close: 0.4402 Mid: 0.4410 | 24 Open: 0.4403 Close: 0.4445 Mid: 0.4431 | 25 |
26 | 27 Open: 0.4442 Close: 0.4470 Mid: 0.4457 | 28 Open: 0.4470 Close: 0.4470 Mid: 0.4472 | 29 Open: 0.4470 Close: 0.4438 Mid: 0.4458 | 30 Open: 0.4439 Close: 0.4463 Mid: 0.4453 | 31 Open: 0.4462 Close: 0.4479 Mid: 0.4475 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.4476 Close: 0.4497 Mid: 0.4493 | 4 Open: 0.4496 Close: 0.4456 Mid: 0.4469 | 5 Open: 0.4456 Close: 0.4436 Mid: 0.4451 | 6 Open: 0.4437 Close: 0.4451 Mid: 0.4443 | 7 Open: 0.4451 Close: 0.4382 Mid: 0.4419 | 8 |
9 | 10 Open: 0.4385 Close: 0.4419 Mid: 0.4393 | 11 Open: 0.4420 Close: 0.4409 Mid: 0.4413 | 12 Open: 0.4409 Close: 0.4474 Mid: 0.4450 | 13 Open: 0.4472 Close: 0.4431 Mid: 0.4454 | 14 Open: 0.4430 Close: 0.4408 Mid: 0.4419 | 15 |
16 | 17 Open: 0.4404 Close: 0.4409 Mid: 0.4400 | 18 Open: 0.4410 Close: 0.4456 Mid: 0.4430 | 19 Open: 0.4456 Close: 0.4460 Mid: 0.4455 | 20 Open: 0.4460 Close: 0.4463 Mid: 0.4466 | 21 Open: 0.4464 Close: 0.4454 Mid: 0.4463 | 22 |
23 | 24 Open: 0.4457 Close: 0.4468 Mid: 0.4459 | 25 Open: 0.4468 Close: 0.4435 Mid: 0.4455 | 26 Open: 0.4435 Close: 0.4406 Mid: 0.4419 | 27 Open: 0.4406 Close: 0.4423 Mid: 0.4416 | 28 Open: 0.4424 Close: 0.4415 Mid: 0.4422 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4431 Close: 0.4428 Mid: 0.4430 | 2 Open: 0.4427 Close: 0.4405 Mid: 0.4411 | 3 Open: 0.4406 Close: 0.4471 Mid: 0.4436 | 4 Open: 0.4471 Close: 0.4456 Mid: 0.4462 | 5 Open: 0.4456 Close: 0.4475 Mid: 0.4461 | 6 | |
7 | 8 Open: 0.4460 Close: 0.4446 Mid: 0.4454 | 9 Open: 0.4446 Close: 0.4452 Mid: 0.4442 | 10 Open: 0.4451 Close: 0.4393 Mid: 0.4422 | 11 Open: 0.4393 Close: 0.4384 Mid: 0.4372 | 12 Open: 0.4384 Close: 0.4374 Mid: 0.4367 | 13 |
14 | 15 Open: 0.4378 Close: 0.4331 Mid: 0.4351 | 16 Open: 0.4330 Close: 0.4332 Mid: 0.4328 | 17 Open: 0.4332 Close: 0.4356 Mid: 0.4338 | 18 Open: 0.4356 Close: 0.4335 Mid: 0.4346 | 19 Open: 0.4335 Close: 0.4292 Mid: 0.4313 | 20 |
21 | 22 Open: 0.4300 Close: 0.4269 Mid: 0.4281 | 23 Open: 0.4269 Close: 0.4248 Mid: 0.4254 | 24 Open: 0.4248 Close: 0.4240 Mid: 0.4239 | 25 Open: 0.4239 Close: 0.4243 Mid: 0.4230 | 26 Open: 0.4242 Close: 0.4225 Mid: 0.4247 | 27 |
28 | 29 Open: 0.4231 Close: 0.4220 Mid: 0.4232 | 30 Open: 0.4219 Close: 0.4236 Mid: 0.4224 | 31 Open: 0.4234 Close: 0.4232 Mid: 0.4231 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4229 Close: 0.4213 Mid: 0.4217 | 2 Open: 0.4209 Close: 0.4175 Mid: 0.4156 | 3 | ||||
4 | 5 Open: 0.4183 Close: 0.4074 Mid: 0.4095 | 6 Open: 0.4072 Close: 0.4060 Mid: 0.4071 | 7 Open: 0.4062 Close: 0.4153 Mid: 0.4113 | 8 Open: 0.4153 Close: 0.4111 Mid: 0.4136 | 9 Open: 0.4112 Close: 0.4145 Mid: 0.4124 | 10 |
11 | 12 Open: 0.4134 Close: 0.4096 Mid: 0.4123 | 13 Open: 0.4097 Close: 0.4129 Mid: 0.4112 | 14 Open: 0.4129 Close: 0.4161 Mid: 0.4151 | 15 Open: 0.4158 Close: 0.4115 Mid: 0.4143 | 16 Open: 0.4116 Close: 0.4141 Mid: 0.4121 | 17 |
18 | 19 Open: 0.4150 Close: 0.4171 Mid: 0.4138 | 20 Open: 0.4169 Close: 0.4173 Mid: 0.4157 | 21 Open: 0.4173 Close: 0.4157 Mid: 0.4160 | 22 Open: 0.4157 Close: 0.4129 Mid: 0.4148 | 23 Open: 0.4130 Close: 0.4178 Mid: 0.4145 | 24 |
25 | 26 Open: 0.4163 Close: 0.4150 Mid: 0.4148 | 27 Open: 0.4149 Close: 0.4149 Mid: 0.4144 | 28 Open: 0.4149 Close: 0.4145 Mid: 0.4141 | 29 Open: 0.4144 Close: 0.4103 Mid: 0.4124 | 30 Open: 0.4103 Close: 0.4087 Mid: 0.4094 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4099 Close: 0.4106 Mid: 0.4098 | 3 Open: 0.4106 Close: 0.4079 Mid: 0.4104 | 4 Open: 0.4080 Close: 0.4095 Mid: 0.4077 | 5 Open: 0.4095 Close: 0.4071 Mid: 0.4083 | 6 Open: 0.4071 Close: 0.4045 Mid: 0.4066 | 7 |
8 | 9 Open: 0.4043 Close: 0.4046 Mid: 0.4043 | 10 Open: 0.4045 Close: 0.4025 Mid: 0.4036 | 11 Open: 0.4023 Close: 0.3997 Mid: 0.4011 | 12 Open: 0.3997 Close: 0.4044 Mid: 0.4016 | 13 Open: 0.4044 Close: 0.4070 Mid: 0.4048 | 14 |
15 | 16 Open: 0.4049 Close: 0.4074 Mid: 0.4068 | 17 Open: 0.4073 Close: 0.4053 Mid: 0.4059 | 18 Open: 0.4051 Close: 0.4022 Mid: 0.4027 | 19 Open: 0.4020 Close: 0.4037 Mid: 0.4031 | 20 Open: 0.4036 Close: 0.3999 Mid: 0.4002 | 21 |
22 | 23 Open: 0.4001 Close: 0.4017 Mid: 0.4014 | 24 Open: 0.4017 Close: 0.4033 Mid: 0.4000 | 25 Open: 0.4029 Close: 0.3931 Mid: 0.3979 | 26 Open: 0.3930 Close: 0.3916 Mid: 0.3912 | 27 Open: 0.3916 Close: 0.3946 Mid: 0.3922 | 28 |
29 | 30 Open: 0.3939 Close: 0.3912 Mid: 0.3917 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3912 Close: 0.3886 Mid: 0.3914 | 2 Open: 0.3889 Close: 0.3941 Mid: 0.3926 | 3 Open: 0.3944 Close: 0.3963 Mid: 0.3974 | 4 Open: 0.3965 Close: 0.3957 Mid: 0.3969 | 5 | ||
6 | 7 Open: 0.3950 Close: 0.3962 Mid: 0.3989 | 8 Open: 0.3966 Close: 0.4005 Mid: 0.3982 | 9 Open: 0.4004 Close: 0.3979 Mid: 0.3985 | 10 Open: 0.3980 Close: 0.2589 Mid: 0.3275 | 11 Open: 0.2620 Close: 0.4014 Mid: 0.3309 | 12 |
13 | 14 Open: 0.3997 Close: 0.3979 Mid: 0.3994 | 15 Open: 0.3979 Close: 0.3968 Mid: 0.3979 | 16 Open: 0.3982 Close: 0.3952 Mid: 0.3967 | 17 Open: 0.3951 Close: 0.3929 Mid: 0.3938 | 18 Open: 0.3931 Close: 0.3945 Mid: 0.3943 | 19 |
20 | 21 Open: 0.3944 Close: 0.3930 Mid: 0.3939 | 22 Open: 0.3930 Close: 0.3956 Mid: 0.3951 | 23 Open: 0.3956 Close: 0.3946 Mid: 0.3953 | 24 Open: 0.3947 Close: 0.3974 Mid: 0.3962 | 25 Open: 0.3973 Close: 0.3960 Mid: 0.3968 | 26 |
27 | 28 Open: 0.3970 Close: 0.3957 Mid: 0.3961 | 29 Open: 0.3958 Close: 0.3977 Mid: 0.3974 | 30 Open: 0.3977 Close: 0.4000 Mid: 0.3998 | 31 Open: 0.3999 Close: 0.3972 Mid: 0.3979 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3972 Close: 0.3969 Mid: 0.3968 | 2 | |||||
3 | 4 Open: 0.3982 Close: 0.3978 Mid: 0.3983 | 5 Open: 0.3978 Close: 0.4158 Mid: 0.4069 | 6 Open: 0.4150 Close: 0.3920 Mid: 0.4028 | 7 Open: 0.3924 Close: 0.4056 Mid: 0.3993 | 8 Open: 0.4055 Close: 0.4008 Mid: 0.4022 | 9 |
10 | 11 Open: 0.4004 Close: 0.3997 Mid: 0.3996 | 12 Open: 0.3998 Close: 0.3967 Mid: 0.3987 | 13 Open: 0.3969 Close: 0.4004 Mid: 0.3996 | 14 Open: 0.4004 Close: 0.4003 Mid: 0.4024 | 15 Open: 0.4004 Close: 0.4048 Mid: 0.4032 | 16 |
17 | 18 Open: 0.4037 Close: 0.4063 Mid: 0.4042 | 19 Open: 0.4064 Close: 0.4079 Mid: 0.4066 | 20 Open: 0.4079 Close: 0.4039 Mid: 0.4059 | 21 Open: 0.4040 Close: 0.4052 Mid: 0.4047 | 22 Open: 0.4051 Close: 0.4032 Mid: 0.4034 | 23 |
24 | 25 Open: 0.4035 Close: 0.4027 Mid: 0.4031 | 26 Open: 0.4026 Close: 0.3979 Mid: 0.4003 | 27 Open: 0.3981 Close: 0.3990 Mid: 0.3992 | 28 Open: 0.3992 Close: 0.4017 Mid: 0.4004 | 29 Open: 0.4017 Close: 0.4021 Mid: 0.4016 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4028 Close: 0.3997 Mid: 0.4008 | 3 Open: 0.3999 Close: 0.4037 Mid: 0.4023 | 4 Open: 0.4038 Close: 0.4025 Mid: 0.4033 | 5 Open: 0.4024 Close: 0.4032 Mid: 0.4015 | 6 Open: 0.4030 Close: 0.3969 Mid: 0.3998 | 7 |
8 | 9 Open: 0.3972 Close: 0.3985 Mid: 0.3972 | 10 Open: 0.3984 Close: 0.3961 Mid: 0.3978 | 11 Open: 0.3962 Close: 0.3974 Mid: 0.3969 | 12 Open: 0.3974 Close: 0.4001 Mid: 0.3994 | 13 Open: 0.3999 Close: 0.4000 Mid: 0.4002 | 14 |
15 | 16 Open: 0.3996 Close: 0.3977 Mid: 0.3985 | 17 Open: 0.3978 Close: 0.3966 Mid: 0.3971 | 18 Open: 0.3968 Close: 0.3960 Mid: 0.3972 | 19 Open: 0.3957 Close: 0.3967 Mid: 0.3959 | 20 Open: 0.3965 Close: 0.3970 Mid: 0.3963 | 21 |
22 | 23 Open: 0.3974 Close: 0.3966 Mid: 0.3971 | 24 Open: 0.3965 Close: 0.3940 Mid: 0.3946 | 25 Open: 0.3965 Close: 0.3940 Mid: 0.3946 | 26 Open: 0.3941 Close: 0.3935 Mid: 0.3935 | 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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