Best Norwegian Krone / Mexican Peso Exchange Rate Today: 1.7715
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 1.7662, and the most competitive travel money / cash rates start at approximately 1.7556.
Live rate: 1 NOK = 1.7715 MXN (-0.1071% )
Inverted: 1 MXN = 0.5645 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 | 1.7715 | 0 | 1.7538 | |||
 | 1.7662 (indicative) | 0 | 1.7662 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 1.7591 (indicative) | 0 | 1.7591 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 1.7715 | 1.24% | 1.7495 | 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. | |
 | 1.7556 | 0 | 1.7556 | 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  | 1.7219 (upper range) | Variable | 1.7219 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 1.7095 (lower range) | Variable | 1.7095 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 1.6918 | 0 | 1.6918 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6679 Close: 1.6678 Mid: 1.6679 | 2 Open: 1.6678 Close: 1.6450 Mid: 1.6573 | 3 Open: 1.6449 Close: 1.6444 Mid: 1.6463 | 4 Open: 1.6452 Close: 1.6524 Mid: 1.6500 | 5 Open: 1.6521 Close: 1.6381 Mid: 1.6449 | 6 | |
7 | 8 Open: 1.6311 Close: 1.6248 Mid: 1.6284 | 9 Open: 1.6245 Close: 1.6367 Mid: 1.6298 | 10 Open: 1.6369 Close: 1.6401 Mid: 1.6428 | 11 Open: 1.6402 Close: 1.6405 Mid: 1.6440 | 12 Open: 1.6405 Close: 1.6394 Mid: 1.6392 | 13 |
14 | 15 Open: 1.6408 Close: 1.6301 Mid: 1.6348 | 16 Open: 1.6312 Close: 1.6444 Mid: 1.6374 | 17 Open: 1.6446 Close: 1.6365 Mid: 1.6467 | 18 Open: 1.6362 Close: 1.6308 Mid: 1.6342 | 19 Open: 1.6305 Close: 1.6282 Mid: 1.6329 | 20 |
21 | 22 Open: 1.6347 Close: 1.6332 Mid: 1.6312 | 23 Open: 1.6338 Close: 1.6473 Mid: 1.6408 | 24 Open: 1.6472 Close: 1.6451 Mid: 1.6443 | 25 Open: 1.6458 Close: 1.6484 Mid: 1.6477 | 26 Open: 1.6482 Close: 1.6468 Mid: 1.6462 | 27 |
28 | 29 Open: 1.6457 Close: 1.6523 Mid: 1.6473 | 30 Open: 1.6522 Close: 1.6431 Mid: 1.6482 | 31 Open: 1.6428 Close: 1.6397 Mid: 1.6423 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6387 Close: 1.6354 Mid: 1.6371 | 2 Open: 1.6369 Close: 1.6145 Mid: 1.6242 | 3 | ||||
4 | 5 Open: 1.6126 Close: 1.6007 Mid: 1.6100 | 6 Open: 1.6005 Close: 1.6096 Mid: 1.6036 | 7 Open: 1.6097 Close: 1.6112 Mid: 1.6100 | 8 Open: 1.6113 Close: 1.6146 Mid: 1.6132 | 9 Open: 1.6148 Close: 1.6202 Mid: 1.6175 | 10 |
11 | 12 Open: 1.6216 Close: 1.6265 Mid: 1.6214 | 13 Open: 1.6258 Close: 1.6101 Mid: 1.6197 | 14 Open: 1.6103 Close: 1.6144 Mid: 1.6129 | 15 Open: 1.6145 Close: 1.6193 Mid: 1.6159 | 16 Open: 1.6194 Close: 1.6232 Mid: 1.6202 | 17 |
18 | 19 Open: 1.6218 Close: 1.6244 Mid: 1.6237 | 20 Open: 1.6245 Close: 1.6266 Mid: 1.6257 | 21 Open: 1.6268 Close: 1.6253 Mid: 1.6257 | 22 Open: 1.6256 Close: 1.6275 Mid: 1.6298 | 23 Open: 1.6277 Close: 1.6244 Mid: 1.6269 | 24 |
25 | 26 Open: 1.6240 Close: 1.6265 Mid: 1.6254 | 27 Open: 1.6268 Close: 1.6202 Mid: 1.6225 | 28 Open: 1.6199 Close: 1.6141 Mid: 1.6153 | 29 Open: 1.6141 Close: 1.6051 Mid: 1.6092 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6056 Close: 1.6172 Mid: 1.6101 | 2 | |||||
3 | 4 Open: 1.6178 Close: 1.6042 Mid: 1.6129 | 5 Open: 1.6042 Close: 1.6025 Mid: 1.6052 | 6 Open: 1.6031 Close: 1.6089 Mid: 1.6030 | 7 Open: 1.6088 Close: 1.6223 Mid: 1.6148 | 8 Open: 1.6222 Close: 1.6123 Mid: 1.6212 | 9 |
10 | 11 Open: 1.6103 Close: 1.6060 Mid: 1.6067 | 12 Open: 1.6061 Close: 1.5971 Mid: 1.6026 | 13 Open: 1.5971 Close: 1.5903 Mid: 1.5946 | 14 Open: 1.5903 Close: 1.5815 Mid: 1.5866 | 15 Open: 1.5816 Close: 1.5744 Mid: 1.5777 | 16 |
17 | 18 Open: 1.5854 Close: 1.5794 Mid: 1.5832 | 19 Open: 1.5794 Close: 1.5781 Mid: 1.5815 | 20 Open: 1.5781 Close: 1.5786 Mid: 1.5746 | 21 Open: 1.5784 Close: 1.5693 Mid: 1.5753 | 22 Open: 1.5694 Close: 1.5585 Mid: 1.5625 | 23 |
24 | 25 Open: 1.5513 Close: 1.5561 Mid: 1.5583 | 26 Open: 1.5561 Close: 1.5473 Mid: 1.5566 | 27 Open: 1.5473 Close: 1.5341 Mid: 1.5426 | 28 Open: 1.5341 Close: 1.5313 Mid: 1.5336 | 29 Open: 1.5314 Close: 1.5295 Mid: 1.5283 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.5324 Close: 1.5163 Mid: 1.5244 | 2 Open: 1.5164 Close: 1.5271 Mid: 1.5232 | 3 Open: 1.5272 Close: 1.5431 Mid: 1.5352 | 4 Open: 1.5432 Close: 1.5462 Mid: 1.5457 | 5 Open: 1.5460 Close: 1.5339 Mid: 1.5377 | 6 | |
7 | 8 Open: 1.5335 Close: 1.5274 Mid: 1.5313 | 9 Open: 1.5274 Close: 1.5350 Mid: 1.5317 | 10 Open: 1.5350 Close: 1.5180 Mid: 1.5267 | 11 Open: 1.5180 Close: 1.5187 Mid: 1.5172 | 12 Open: 1.5185 Close: 1.5265 Mid: 1.5226 | 13 |
14 | 15 Open: 1.5283 Close: 1.5277 Mid: 1.5245 | 16 Open: 1.5277 Close: 1.5541 Mid: 1.5398 | 17 Open: 1.5541 Close: 1.5423 Mid: 1.5443 | 18 Open: 1.5422 Close: 1.5440 Mid: 1.5496 | 19 Open: 1.5440 Close: 1.5518 Mid: 1.5835 | 20 |
21 | 22 Open: 1.5469 Close: 1.5595 Mid: 1.5506 | 23 Open: 1.5595 Close: 1.5541 Mid: 1.5580 | 24 Open: 1.5542 Close: 1.5541 Mid: 1.5539 | 25 Open: 1.5541 Close: 1.5699 Mid: 1.5661 | 26 Open: 1.5699 Close: 1.5554 Mid: 1.5648 | 27 |
28 | 29 Open: 1.5564 Close: 1.5478 Mid: 1.5583 | 30 Open: 1.5478 Close: 1.5420 Mid: 1.5424 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.5421 Close: 1.5396 Mid: 1.5392 | 2 Open: 1.5395 Close: 1.5447 Mid: 1.5348 | 3 Open: 1.5448 Close: 1.5612 Mid: 1.5549 | 4 | |||
5 | 6 Open: 1.5654 Close: 1.5583 Mid: 1.5612 | 7 Open: 1.5582 Close: 1.5496 Mid: 1.5542 | 8 Open: 1.5495 Close: 1.5491 Mid: 1.5480 | 9 Open: 1.5491 Close: 1.5469 Mid: 1.5490 | 10 Open: 1.5469 Close: 1.5475 Mid: 1.5473 | 11 |
12 | 13 Open: 1.5422 Close: 1.5538 Mid: 1.5481 | 14 Open: 1.5538 Close: 1.5597 Mid: 1.5550 | 15 Open: 1.5597 Close: 1.5641 Mid: 1.5631 | 16 Open: 1.5641 Close: 1.5601 Mid: 1.5624 | 17 Open: 1.5601 Close: 1.5553 Mid: 1.5565 | 18 |
19 | 20 Open: 1.5546 Close: 1.5474 Mid: 1.5529 | 21 Open: 1.5474 Close: 1.5594 Mid: 1.5534 | 22 Open: 1.5595 Close: 1.5558 Mid: 1.5586 | 23 Open: 1.5558 Close: 1.5662 Mid: 1.5644 | 24 Open: 1.5662 Close: 1.5776 Mid: 1.5748 | 25 |
26 | 27 Open: 1.5761 Close: 1.5876 Mid: 1.5808 | 28 Open: 1.5877 Close: 1.5983 Mid: 1.5945 | 29 Open: 1.5983 Close: 1.6039 Mid: 1.5996 | 30 Open: 1.6039 Close: 1.6133 Mid: 1.6101 | 31 Open: 1.6133 Close: 1.6210 Mid: 1.6169 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 1.6151 Close: 1.6922 Mid: 1.6560 | 4 Open: 1.6922 Close: 1.6902 Mid: 1.6967 | 5 Open: 1.6902 Close: 1.6553 Mid: 1.6721 | 6 Open: 1.6554 Close: 1.7040 Mid: 1.6762 | 7 Open: 1.7040 Close: 1.7170 Mid: 1.7037 | 8 |
9 | 10 Open: 1.7147 Close: 1.7129 Mid: 1.7228 | 11 Open: 1.7130 Close: 1.7371 Mid: 1.7244 | 12 Open: 1.7369 Close: 1.7716 Mid: 1.7685 | 13 Open: 1.7717 Close: 1.7265 Mid: 1.7534 | 14 Open: 1.7264 Close: 1.7297 Mid: 1.7339 | 15 |
16 | 17 Open: 1.7325 Close: 1.7383 Mid: 1.7312 | 18 Open: 1.7382 Close: 1.7403 Mid: 1.7318 | 19 Open: 1.7402 Close: 1.7441 Mid: 1.7434 | 20 Open: 1.7440 Close: 1.7412 Mid: 1.7415 | 21 Open: 1.7412 Close: 1.7135 Mid: 1.7278 | 22 |
23 | 24 Open: 1.7173 Close: 1.7033 Mid: 1.7051 | 25 Open: 1.7034 Close: 1.7054 Mid: 1.7066 | 26 Open: 1.7053 Close: 1.7167 Mid: 1.7104 | 27 Open: 1.7168 Close: 1.7300 Mid: 1.7243 | 28 Open: 1.7302 Close: 1.7155 Mid: 1.7245 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7188 Close: 1.7236 Mid: 1.7240 | 2 Open: 1.7236 Close: 1.7112 Mid: 1.7163 | 3 Open: 1.7111 Close: 1.7227 Mid: 1.7159 | 4 Open: 1.7227 Close: 1.7128 Mid: 1.7167 | 5 Open: 1.7128 Close: 1.7181 Mid: 1.7150 | 6 | |
7 | 8 Open: 1.7099 Close: 1.6977 Mid: 1.7037 | 9 Open: 1.6989 Close: 1.6902 Mid: 1.6937 | 10 Open: 1.6902 Close: 1.6651 Mid: 1.6738 | 11 Open: 1.6650 Close: 1.6590 Mid: 1.6621 | 12 Open: 1.6592 Close: 1.6426 Mid: 1.6519 | 13 |
14 | 15 Open: 1.6456 Close: 1.6416 Mid: 1.6497 | 16 Open: 1.6417 Close: 1.6369 Mid: 1.6382 | 17 Open: 1.6368 Close: 1.6511 Mid: 1.6475 | 18 Open: 1.6512 Close: 1.6618 Mid: 1.6600 | 19 Open: 1.6620 Close: 1.6527 Mid: 1.6518 | 20 |
21 | 22 Open: 1.6528 Close: 1.6377 Mid: 1.6454 | 23 Open: 1.6377 Close: 1.6474 Mid: 1.6399 | 24 Open: 1.6474 Close: 1.6646 Mid: 1.6587 | 25 Open: 1.6648 Close: 1.6720 Mid: 1.6670 | 26 Open: 1.6719 Close: 1.6746 Mid: 1.6741 | 27 |
28 | 29 Open: 1.6720 Close: 1.6935 Mid: 1.6877 | 30 Open: 1.6935 Close: 1.7124 Mid: 1.7019 | 31 Open: 1.7124 Close: 1.7076 Mid: 1.7122 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7074 Close: 1.7220 Mid: 1.7063 | 2 Open: 1.7220 Close: 1.7522 Mid: 1.7379 | 3 | ||||
4 | 5 Open: 1.7520 Close: 1.7570 Mid: 1.7883 | 6 Open: 1.7569 Close: 1.7929 Mid: 1.7685 | 7 Open: 1.7930 Close: 1.7847 Mid: 1.7861 | 8 Open: 1.7847 Close: 1.7404 Mid: 1.7670 | 9 Open: 1.7403 Close: 1.7425 Mid: 1.7402 | 10 |
11 | 12 Open: 1.7405 Close: 1.7642 Mid: 1.7558 | 13 Open: 1.7643 Close: 1.7729 Mid: 1.7633 | 14 Open: 1.7728 Close: 1.7539 Mid: 1.7664 | 15 Open: 1.7538 Close: 1.7349 Mid: 1.7494 | 16 Open: 1.7349 Close: 1.7460 Mid: 1.7389 | 17 |
18 | 19 Open: 1.7495 Close: 1.7701 Mid: 1.7619 | 20 Open: 1.7701 Close: 1.8099 Mid: 1.7884 | 21 Open: 1.8098 Close: 1.8345 Mid: 1.8257 | 22 Open: 1.8346 Close: 1.8414 Mid: 1.8399 | 23 Open: 1.8415 Close: 1.8272 Mid: 1.8262 | 24 |
25 | 26 Open: 1.8208 Close: 1.8402 Mid: 1.8332 | 27 Open: 1.8403 Close: 1.8892 Mid: 1.8638 | 28 Open: 1.8892 Close: 1.8702 Mid: 1.8677 | 29 Open: 1.8702 Close: 1.8895 Mid: 1.8797 | 30 Open: 1.8895 Close: 1.8592 Mid: 1.8691 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 1.8586 Close: 1.8728 Mid: 1.8635 | 3 Open: 1.8729 Close: 1.8520 Mid: 1.8646 | 4 Open: 1.8522 Close: 1.8751 Mid: 1.8602 | 5 Open: 1.8751 Close: 1.8689 Mid: 1.8850 | 6 Open: 1.8688 Close: 1.8645 Mid: 1.8703 | 7 |
8 | 9 Open: 1.8601 Close: 1.8349 Mid: 1.8464 | 10 Open: 1.8350 Close: 1.8542 Mid: 1.8486 | 11 Open: 1.8543 Close: 1.8262 Mid: 1.8409 | 12 Open: 1.8261 Close: 1.8233 Mid: 1.8223 | 13 Open: 1.8233 Close: 1.8018 Mid: 1.8152 | 14 |
15 | 16 Open: 1.7959 Close: 1.8171 Mid: 1.8125 | 17 Open: 1.8171 Close: 1.7996 Mid: 1.8155 | 18 Open: 1.7997 Close: 1.8208 Mid: 1.8166 | 19 Open: 1.8208 Close: 1.8416 Mid: 1.8323 | 20 Open: 1.8415 Close: 1.8518 Mid: 1.8445 | 21 |
22 | 23 Open: 1.8522 Close: 1.8519 Mid: 1.8522 | 24 Open: 1.8520 Close: 1.8584 Mid: 1.8506 | 25 Open: 1.8583 Close: 1.8578 Mid: 1.8594 | 26 Open: 1.8578 Close: 1.8644 Mid: 1.8597 | 27 Open: 1.8644 Close: 1.8767 Mid: 1.8645 | 28 |
29 | 30 Open: 1.8759 Close: 1.8667 Mid: 1.8674 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8668 Close: 1.8489 Mid: 1.8563 | 2 Open: 1.8488 Close: 1.8364 Mid: 1.8430 | 3 Open: 1.8364 Close: 1.8242 Mid: 1.8292 | 4 Open: 1.8242 Close: 1.8093 Mid: 1.8094 | 5 | ||
6 | 7 Open: 1.8040 Close: 1.8125 Mid: 1.8106 | 8 Open: 1.8125 Close: 1.8090 Mid: 1.8102 | 9 Open: 1.8089 Close: 1.8087 Mid: 1.8030 | 10 Open: 1.8088 Close: 1.8133 Mid: 1.8090 | 11 Open: 1.8129 Close: 1.8024 Mid: 1.8070 | 12 |
13 | 14 Open: 1.7988 Close: 1.7951 Mid: 1.7966 | 15 Open: 1.7951 Close: 1.8196 Mid: 1.8080 | 16 Open: 1.8198 Close: 1.8211 Mid: 1.8235 | 17 Open: 1.8212 Close: 1.8162 Mid: 1.8247 | 18 Open: 1.8163 Close: 1.8201 Mid: 1.8156 | 19 |
20 | 21 Open: 1.8184 Close: 1.8239 Mid: 1.8282 | 22 Open: 1.8239 Close: 1.8279 Mid: 1.8180 | 23 Open: 1.8279 Close: 1.8060 Mid: 1.8152 | 24 Open: 1.8060 Close: 1.8107 Mid: 1.8111 | 25 Open: 1.8107 Close: 1.8219 Mid: 1.8187 | 26 |
27 | 28 Open: 1.8277 Close: 1.8224 Mid: 1.8232 | 29 Open: 1.8224 Close: 1.8307 Mid: 1.8271 | 30 Open: 1.8307 Close: 1.8384 Mid: 1.8352 | 31 Open: 1.8385 Close: 1.8213 Mid: 1.8239 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8213 Close: 1.8342 Mid: 1.8241 | 2 | |||||
3 | 4 Open: 1.8326 Close: 1.8271 Mid: 1.8293 | 5 Open: 1.8271 Close: 1.8360 Mid: 1.8412 | 6 Open: 1.8360 Close: 1.8138 Mid: 1.8391 | 7 Open: 1.8139 Close: 1.8226 Mid: 1.8251 | 8 Open: 1.8226 Close: 1.8339 Mid: 1.8261 | 9 |
10 | 11 Open: 1.8304 Close: 1.8438 Mid: 1.8439 | 12 Open: 1.8439 Close: 1.8584 Mid: 1.8517 | 13 Open: 1.8584 Close: 1.8421 Mid: 1.8524 | 14 Open: 1.8420 Close: 1.8297 Mid: 1.8456 | 15 Open: 1.8297 Close: 1.8361 Mid: 1.8368 | 16 |
17 | 18 Open: 1.8335 Close: 1.8379 Mid: 1.8382 | 19 Open: 1.8378 Close: 1.8309 Mid: 1.8363 | 20 Open: 1.8310 Close: 1.8332 Mid: 1.8341 | 21 Open: 1.8332 Close: 1.8441 Mid: 1.8401 | 22 Open: 1.8441 Close: 1.8461 Mid: 1.8398 | 23 |
24 | 25 Open: 1.8493 Close: 1.8306 Mid: 1.8378 | 26 Open: 1.8306 Close: 1.8507 Mid: 1.8462 | 27 Open: 1.8507 Close: 1.8615 Mid: 1.8626 | 28 Open: 1.8616 Close: 1.8502 Mid: 1.8434 | 29 Open: 1.8502 Close: 1.8449 Mid: 1.8429 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 1.8486 Close: 1.8375 Mid: 1.8423 | 3 Open: 1.8375 Close: 1.8359 Mid: 1.8382 | 4 Open: 1.8358 Close: 1.8362 Mid: 1.8394 | 5 Open: 1.8361 Close: 1.8300 Mid: 1.8324 | 6 Open: 1.8300 Close: 1.8096 Mid: 1.8191 | 7 |
8 | 9 Open: 1.8097 Close: 1.8199 Mid: 1.8134 | 10 Open: 1.8198 Close: 1.8083 Mid: 1.8175 | 11 Open: 1.8082 Close: 1.8067 Mid: 1.8073 | 12 Open: 1.8067 Close: 1.8085 Mid: 1.8117 | 13 Open: 1.8085 Close: 1.8063 Mid: 1.8086 | 14 |
15 | 16 Open: 1.8053 Close: 1.8050 Mid: 1.8065 | 17 Open: 1.8050 Close: 1.8021 Mid: 1.8066 | 18 Open: 1.8021 Close: 1.7883 Mid: 1.7950 | 19 Open: 1.7884 Close: 1.7750 Mid: 1.7891 | 20 Open: 1.7749 Close: 1.7730 Mid: 1.7721 | 21 |
22 | 23 Open: 1.7749 Close: 1.7762 Mid: 1.7762 | 24 Open: 1.7763 Close: 1.7734 Mid: 1.7720 | 25 Open: 1.7763 Close: 1.7734 Mid: 1.7720 | 26 Open: 1.7736 Close: 1.7751 Mid: 1.7730 | 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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