Best Norwegian Krone / New Zealand Dollar Exchange Rate Today: 0.1559
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.1554, and the most competitive travel money / cash rates start at approximately 0.1545.
Live rate: 1 NOK = 0.1559 NZD (+0.1928% )
Inverted: 1 NZD = 6.4144 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 | 0.1559 | 0 | 0.1543 | |||
 | 0.1554 (indicative) | 0 | 0.1554 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.1548 (indicative) | 0 | 0.1548 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.1559 | 1.15% | 0.1541 | 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. | |
 | 0.1545 | 0 | 0.1545 | 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  | 0.1515 (upper range) | Variable | 0.1515 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.1504 (lower range) | Variable | 0.1504 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.1489 | 0 | 0.1489 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1555 Close: 0.1555 Mid: 0.1555 | 2 Open: 0.1555 Close: 0.1546 Mid: 0.1553 | 3 Open: 0.1546 Close: 0.1547 Mid: 0.1546 | 4 Open: 0.1548 Close: 0.1557 Mid: 0.1549 | 5 Open: 0.1557 Close: 0.1554 Mid: 0.1556 | 6 | |
7 | 8 Open: 0.1549 Close: 0.1543 Mid: 0.1549 | 9 Open: 0.1544 Close: 0.1546 Mid: 0.1546 | 10 Open: 0.1546 Close: 0.1552 Mid: 0.1552 | 11 Open: 0.1552 Close: 0.1556 Mid: 0.1553 | 12 Open: 0.1556 Close: 0.1557 Mid: 0.1555 | 13 |
14 | 15 Open: 0.1558 Close: 0.1557 Mid: 0.1559 | 16 Open: 0.1558 Close: 0.1556 Mid: 0.1558 | 17 Open: 0.1556 Close: 0.1556 Mid: 0.1557 | 18 Open: 0.1555 Close: 0.1553 Mid: 0.1554 | 19 Open: 0.1553 Close: 0.1558 Mid: 0.1560 | 20 |
21 | 22 Open: 0.1559 Close: 0.1564 Mid: 0.1560 | 23 Open: 0.1565 Close: 0.1560 Mid: 0.1562 | 24 Open: 0.1560 Close: 0.1563 Mid: 0.1560 | 25 Open: 0.1563 Close: 0.1568 Mid: 0.1564 | 26 Open: 0.1568 Close: 0.1576 Mid: 0.1570 | 27 |
28 | 29 Open: 0.1571 Close: 0.1564 Mid: 0.1568 | 30 Open: 0.1564 Close: 0.1561 Mid: 0.1563 | 31 Open: 0.1561 Close: 0.1557 Mid: 0.1559 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1556 Close: 0.1558 Mid: 0.1560 | 2 Open: 0.1560 Close: 0.1553 Mid: 0.1555 | 3 | ||||
4 | 5 Open: 0.1552 Close: 0.1544 Mid: 0.1552 | 6 Open: 0.1545 Close: 0.1549 Mid: 0.1548 | 7 Open: 0.1550 Close: 0.1546 Mid: 0.1547 | 8 Open: 0.1546 Close: 0.1545 Mid: 0.1547 | 9 Open: 0.1545 Close: 0.1542 Mid: 0.1542 | 10 |
11 | 12 Open: 0.1543 Close: 0.1554 Mid: 0.1548 | 13 Open: 0.1554 Close: 0.1545 Mid: 0.1551 | 14 Open: 0.1545 Close: 0.1553 Mid: 0.1550 | 15 Open: 0.1553 Close: 0.1556 Mid: 0.1552 | 16 Open: 0.1556 Close: 0.1554 Mid: 0.1556 | 17 |
18 | 19 Open: 0.1551 Close: 0.1551 Mid: 0.1551 | 20 Open: 0.1551 Close: 0.1547 Mid: 0.1547 | 21 Open: 0.1547 Close: 0.1543 Mid: 0.1543 | 22 Open: 0.1543 Close: 0.1535 Mid: 0.1540 | 23 Open: 0.1536 Close: 0.1531 Mid: 0.1534 | 24 |
25 | 26 Open: 0.1534 Close: 0.1541 Mid: 0.1537 | 27 Open: 0.1541 Close: 0.1539 Mid: 0.1542 | 28 Open: 0.1538 Close: 0.1549 Mid: 0.1544 | 29 Open: 0.1548 Close: 0.1546 Mid: 0.1550 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1547 Close: 0.1557 Mid: 0.1551 | 2 | |||||
3 | 4 Open: 0.1557 Close: 0.1553 Mid: 0.1555 | 5 Open: 0.1553 Close: 0.1554 Mid: 0.1555 | 6 Open: 0.1554 Close: 0.1555 Mid: 0.1554 | 7 Open: 0.1555 Close: 0.1557 Mid: 0.1553 | 8 Open: 0.1557 Close: 0.1553 Mid: 0.1556 | 9 |
10 | 11 Open: 0.1552 Close: 0.1550 Mid: 0.1550 | 12 Open: 0.1550 Close: 0.1546 Mid: 0.1547 | 13 Open: 0.1546 Close: 0.1550 Mid: 0.1548 | 14 Open: 0.1550 Close: 0.1545 Mid: 0.1546 | 15 Open: 0.1545 Close: 0.1548 Mid: 0.1547 | 16 |
17 | 18 Open: 0.1560 Close: 0.1542 Mid: 0.1550 | 19 Open: 0.1542 Close: 0.1552 Mid: 0.1547 | 20 Open: 0.1552 Close: 0.1556 Mid: 0.1554 | 21 Open: 0.1556 Close: 0.1551 Mid: 0.1556 | 22 Open: 0.1551 Close: 0.1551 Mid: 0.1552 | 23 |
24 | 25 Open: 0.1543 Close: 0.1554 Mid: 0.1552 | 26 Open: 0.1554 Close: 0.1548 Mid: 0.1554 | 27 Open: 0.1548 Close: 0.1544 Mid: 0.1549 | 28 Open: 0.1544 Close: 0.1542 Mid: 0.1545 | 29 Open: 0.1542 Close: 0.1544 Mid: 0.1542 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1544 Close: 0.1533 Mid: 0.1539 | 2 Open: 0.1533 Close: 0.1545 Mid: 0.1539 | 3 Open: 0.1545 Close: 0.1553 Mid: 0.1551 | 4 Open: 0.1553 Close: 0.1547 Mid: 0.1551 | 5 Open: 0.1547 Close: 0.1550 Mid: 0.1548 | 6 | |
7 | 8 Open: 0.1550 Close: 0.1552 Mid: 0.1551 | 9 Open: 0.1552 Close: 0.1546 Mid: 0.1550 | 10 Open: 0.1546 Close: 0.1545 Mid: 0.1545 | 11 Open: 0.1545 Close: 0.1540 Mid: 0.1540 | 12 Open: 0.1540 Close: 0.1545 Mid: 0.1541 | 13 |
14 | 15 Open: 0.1542 Close: 0.1548 Mid: 0.1545 | 16 Open: 0.1548 Close: 0.1548 Mid: 0.1548 | 17 Open: 0.1548 Close: 0.1536 Mid: 0.1541 | 18 Open: 0.1536 Close: 0.1533 Mid: 0.1535 | 19 Open: 0.1533 Close: 0.1542 Mid: 0.1540 | 20 |
21 | 22 Open: 0.1537 Close: 0.1537 Mid: 0.1537 | 23 Open: 0.1537 Close: 0.1545 Mid: 0.1539 | 24 Open: 0.1545 Close: 0.1533 Mid: 0.1539 | 25 Open: 0.1533 Close: 0.1534 Mid: 0.1533 | 26 Open: 0.1534 Close: 0.1526 Mid: 0.1529 | 27 |
28 | 29 Open: 0.1525 Close: 0.1523 Mid: 0.1525 | 30 Open: 0.1522 Close: 0.1528 Mid: 0.1525 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1528 Close: 0.1528 Mid: 0.1529 | 2 Open: 0.1527 Close: 0.1526 Mid: 0.1526 | 3 Open: 0.1526 Close: 0.1530 Mid: 0.1529 | 4 | |||
5 | 6 Open: 0.1530 Close: 0.1536 Mid: 0.1534 | 7 Open: 0.1536 Close: 0.1527 Mid: 0.1532 | 8 Open: 0.1527 Close: 0.1527 Mid: 0.1527 | 9 Open: 0.1527 Close: 0.1527 Mid: 0.1527 | 10 Open: 0.1527 Close: 0.1532 Mid: 0.1531 | 11 |
12 | 13 Open: 0.1526 Close: 0.1537 Mid: 0.1532 | 14 Open: 0.1537 Close: 0.1532 Mid: 0.1534 | 15 Open: 0.1532 Close: 0.1531 Mid: 0.1532 | 16 Open: 0.1531 Close: 0.1527 Mid: 0.1530 | 17 Open: 0.1527 Close: 0.1527 Mid: 0.1527 | 18 |
19 | 20 Open: 0.1525 Close: 0.1531 Mid: 0.1529 | 21 Open: 0.1531 Close: 0.1538 Mid: 0.1534 | 22 Open: 0.1538 Close: 0.1532 Mid: 0.1530 | 23 Open: 0.1532 Close: 0.1536 Mid: 0.1535 | 24 Open: 0.1536 Close: 0.1544 Mid: 0.1543 | 25 |
26 | 27 Open: 0.1542 Close: 0.1549 Mid: 0.1545 | 28 Open: 0.1549 Close: 0.1549 Mid: 0.1549 | 29 Open: 0.1549 Close: 0.1544 Mid: 0.1549 | 30 Open: 0.1544 Close: 0.1550 Mid: 0.1548 | 31 Open: 0.1550 Close: 0.1551 Mid: 0.1551 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.1550 Close: 0.1545 Mid: 0.1549 | 4 Open: 0.1545 Close: 0.1532 Mid: 0.1538 | 5 Open: 0.1532 Close: 0.1526 Mid: 0.1530 | 6 Open: 0.1526 Close: 0.1528 Mid: 0.1527 | 7 Open: 0.1528 Close: 0.1529 Mid: 0.1530 | 8 |
9 | 10 Open: 0.1530 Close: 0.1533 Mid: 0.1529 | 11 Open: 0.1533 Close: 0.1522 Mid: 0.1528 | 12 Open: 0.1522 Close: 0.1528 Mid: 0.1527 | 13 Open: 0.1528 Close: 0.1522 Mid: 0.1526 | 14 Open: 0.1522 Close: 0.1525 Mid: 0.1526 | 15 |
16 | 17 Open: 0.1526 Close: 0.1530 Mid: 0.1526 | 18 Open: 0.1530 Close: 0.1538 Mid: 0.1535 | 19 Open: 0.1538 Close: 0.1543 Mid: 0.1541 | 20 Open: 0.1543 Close: 0.1549 Mid: 0.1548 | 21 Open: 0.1549 Close: 0.1546 Mid: 0.1547 | 22 |
23 | 24 Open: 0.1547 Close: 0.1549 Mid: 0.1547 | 25 Open: 0.1549 Close: 0.1539 Mid: 0.1546 | 26 Open: 0.1539 Close: 0.1539 Mid: 0.1540 | 27 Open: 0.1539 Close: 0.1543 Mid: 0.1541 | 28 Open: 0.1543 Close: 0.1537 Mid: 0.1543 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1538 Close: 0.1544 Mid: 0.1542 | 2 Open: 0.1544 Close: 0.1542 Mid: 0.1542 | 3 Open: 0.1542 Close: 0.1553 Mid: 0.1548 | 4 Open: 0.1553 Close: 0.1547 Mid: 0.1549 | 5 Open: 0.1547 Close: 0.1544 Mid: 0.1546 | 6 | |
7 | 8 Open: 0.1539 Close: 0.1539 Mid: 0.1539 | 9 Open: 0.1540 Close: 0.1540 Mid: 0.1540 | 10 Open: 0.1540 Close: 0.1535 Mid: 0.1539 | 11 Open: 0.1535 Close: 0.1531 Mid: 0.1528 | 12 Open: 0.1532 Close: 0.1524 Mid: 0.1527 | 13 |
14 | 15 Open: 0.1525 Close: 0.1522 Mid: 0.1524 | 16 Open: 0.1522 Close: 0.1532 Mid: 0.1526 | 17 Open: 0.1531 Close: 0.1533 Mid: 0.1530 | 18 Open: 0.1533 Close: 0.1530 Mid: 0.1532 | 19 Open: 0.1530 Close: 0.1524 Mid: 0.1527 | 20 |
21 | 22 Open: 0.1527 Close: 0.1526 Mid: 0.1524 | 23 Open: 0.1526 Close: 0.1524 Mid: 0.1524 | 24 Open: 0.1524 Close: 0.1529 Mid: 0.1526 | 25 Open: 0.1529 Close: 0.1539 Mid: 0.1531 | 26 Open: 0.1539 Close: 0.1541 Mid: 0.1544 | 27 |
28 | 29 Open: 0.1541 Close: 0.1547 Mid: 0.1546 | 30 Open: 0.1547 Close: 0.1546 Mid: 0.1546 | 31 Open: 0.1546 Close: 0.1541 Mid: 0.1546 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1541 Close: 0.1535 Mid: 0.1541 | 2 Open: 0.1535 Close: 0.1534 Mid: 0.1533 | 3 | ||||
4 | 5 Open: 0.1539 Close: 0.1527 Mid: 0.1535 | 6 Open: 0.1527 Close: 0.1538 Mid: 0.1537 | 7 Open: 0.1538 Close: 0.1544 Mid: 0.1542 | 8 Open: 0.1544 Close: 0.1533 Mid: 0.1541 | 9 Open: 0.1533 Close: 0.1543 Mid: 0.1536 | 10 |
11 | 12 Open: 0.1541 Close: 0.1537 Mid: 0.1540 | 13 Open: 0.1537 Close: 0.1533 Mid: 0.1535 | 14 Open: 0.1533 Close: 0.1556 Mid: 0.1548 | 15 Open: 0.1556 Close: 0.1555 Mid: 0.1557 | 16 Open: 0.1555 Close: 0.1547 Mid: 0.1549 | 17 |
18 | 19 Open: 0.1553 Close: 0.1550 Mid: 0.1549 | 20 Open: 0.1550 Close: 0.1549 Mid: 0.1548 | 21 Open: 0.1549 Close: 0.1546 Mid: 0.1546 | 22 Open: 0.1546 Close: 0.1536 Mid: 0.1542 | 23 Open: 0.1536 Close: 0.1533 Mid: 0.1532 | 24 |
25 | 26 Open: 0.1529 Close: 0.1528 Mid: 0.1531 | 27 Open: 0.1528 Close: 0.1529 Mid: 0.1529 | 28 Open: 0.1529 Close: 0.1524 Mid: 0.1525 | 29 Open: 0.1524 Close: 0.1521 Mid: 0.1521 | 30 Open: 0.1521 Close: 0.1508 Mid: 0.1515 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.1513 Close: 0.1516 Mid: 0.1514 | 3 Open: 0.1516 Close: 0.1512 Mid: 0.1513 | 4 Open: 0.1512 Close: 0.1517 Mid: 0.1514 | 5 Open: 0.1517 Close: 0.1511 Mid: 0.1517 | 6 Open: 0.1511 Close: 0.1511 Mid: 0.1513 | 7 |
8 | 9 Open: 0.1509 Close: 0.1502 Mid: 0.1507 | 10 Open: 0.1502 Close: 0.1500 Mid: 0.1503 | 11 Open: 0.1500 Close: 0.1502 Mid: 0.1503 | 12 Open: 0.1502 Close: 0.1509 Mid: 0.1505 | 13 Open: 0.1509 Close: 0.1523 Mid: 0.1517 | 14 |
15 | 16 Open: 0.1513 Close: 0.1523 Mid: 0.1522 | 17 Open: 0.1523 Close: 0.1524 Mid: 0.1525 | 18 Open: 0.1524 Close: 0.1521 Mid: 0.1522 | 19 Open: 0.1521 Close: 0.1528 Mid: 0.1524 | 20 Open: 0.1528 Close: 0.1529 Mid: 0.1526 | 21 |
22 | 23 Open: 0.1528 Close: 0.1521 Mid: 0.1527 | 24 Open: 0.1521 Close: 0.1516 Mid: 0.1519 | 25 Open: 0.1516 Close: 0.1511 Mid: 0.1512 | 26 Open: 0.1511 Close: 0.1501 Mid: 0.1505 | 27 Open: 0.1501 Close: 0.1502 Mid: 0.1502 | 28 |
29 | 30 Open: 0.1502 Close: 0.1493 Mid: 0.1496 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1493 Close: 0.1501 Mid: 0.1497 | 2 Open: 0.1501 Close: 0.1511 Mid: 0.1504 | 3 Open: 0.1511 Close: 0.1517 Mid: 0.1514 | 4 Open: 0.1517 Close: 0.1524 Mid: 0.1520 | 5 | ||
6 | 7 Open: 0.1519 Close: 0.1534 Mid: 0.1528 | 8 Open: 0.1534 Close: 0.1522 Mid: 0.1528 | 9 Open: 0.1522 Close: 0.1530 Mid: 0.1524 | 10 Open: 0.1530 Close: 0.1529 Mid: 0.1526 | 11 Open: 0.1529 Close: 0.1530 Mid: 0.1528 | 12 |
13 | 14 Open: 0.1528 Close: 0.1519 Mid: 0.1527 | 15 Open: 0.1519 Close: 0.1519 Mid: 0.1519 | 16 Open: 0.1519 Close: 0.1512 Mid: 0.1522 | 17 Open: 0.1512 Close: 0.1511 Mid: 0.1510 | 18 Open: 0.1511 Close: 0.1508 Mid: 0.1513 | 19 |
20 | 21 Open: 0.1506 Close: 0.1514 Mid: 0.1510 | 22 Open: 0.1514 Close: 0.1516 Mid: 0.1513 | 23 Open: 0.1516 Close: 0.1515 Mid: 0.1512 | 24 Open: 0.1515 Close: 0.1520 Mid: 0.1517 | 25 Open: 0.1520 Close: 0.1525 Mid: 0.1523 | 26 |
27 | 28 Open: 0.1529 Close: 0.1520 Mid: 0.1522 | 29 Open: 0.1520 Close: 0.1527 Mid: 0.1527 | 30 Open: 0.1527 Close: 0.1527 Mid: 0.1527 | 31 Open: 0.1527 Close: 0.1521 Mid: 0.1524 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1521 Close: 0.1516 Mid: 0.1518 | 2 | |||||
3 | 4 Open: 0.1521 Close: 0.1522 Mid: 0.1520 | 5 Open: 0.1522 Close: 0.1520 Mid: 0.1521 | 6 Open: 0.1520 Close: 0.1520 Mid: 0.1516 | 7 Open: 0.1520 Close: 0.1528 Mid: 0.1526 | 8 Open: 0.1528 Close: 0.1523 Mid: 0.1525 | 9 |
10 | 11 Open: 0.1522 Close: 0.1520 Mid: 0.1521 | 12 Open: 0.1520 Close: 0.1523 Mid: 0.1521 | 13 Open: 0.1523 Close: 0.1527 Mid: 0.1525 | 14 Open: 0.1527 Close: 0.1533 Mid: 0.1534 | 15 Open: 0.1533 Close: 0.1538 Mid: 0.1536 | 16 |
17 | 18 Open: 0.1535 Close: 0.1543 Mid: 0.1542 | 19 Open: 0.1543 Close: 0.1540 Mid: 0.1543 | 20 Open: 0.1540 Close: 0.1538 Mid: 0.1541 | 21 Open: 0.1538 Close: 0.1541 Mid: 0.1541 | 22 Open: 0.1541 Close: 0.1548 Mid: 0.1543 | 23 |
24 | 25 Open: 0.1549 Close: 0.1543 Mid: 0.1546 | 26 Open: 0.1543 Close: 0.1536 Mid: 0.1541 | 27 Open: 0.1536 Close: 0.1533 Mid: 0.1532 | 28 Open: 0.1533 Close: 0.1538 Mid: 0.1535 | 29 Open: 0.1538 Close: 0.1529 Mid: 0.1530 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.1531 Close: 0.1530 Mid: 0.1530 | 3 Open: 0.1530 Close: 0.1536 Mid: 0.1535 | 4 Open: 0.1536 Close: 0.1546 Mid: 0.1544 | 5 Open: 0.1546 Close: 0.1539 Mid: 0.1543 | 6 Open: 0.1539 Close: 0.1537 Mid: 0.1538 | 7 |
8 | 9 Open: 0.1535 Close: 0.1533 Mid: 0.1536 | 10 Open: 0.1533 Close: 0.1546 Mid: 0.1541 | 11 Open: 0.1546 Close: 0.1551 Mid: 0.1550 | 12 Open: 0.1551 Close: 0.1551 Mid: 0.1553 | 13 Open: 0.1551 Close: 0.1557 Mid: 0.1549 | 14 |
15 | 16 Open: 0.1555 Close: 0.1550 Mid: 0.1552 | 17 Open: 0.1550 Close: 0.1552 Mid: 0.1550 | 18 Open: 0.1552 Close: 0.1561 Mid: 0.1558 | 19 Open: 0.1561 Close: 0.1552 Mid: 0.1558 | 20 Open: 0.1552 Close: 0.1562 Mid: 0.1555 | 21 |
22 | 23 Open: 0.1564 Close: 0.1559 Mid: 0.1562 | 24 Open: 0.1559 Close: 0.1556 Mid: 0.1558 | 25 Open: 0.1559 Close: 0.1556 Mid: 0.1558 | 26 Open: 0.1556 Close: 0.1558 Mid: 0.1558 | 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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