Best Norwegian Krone / Philippine Peso Exchange Rate Today: 5.1040
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 5.0887, and the most competitive travel money / cash rates start at approximately 5.0581.
Live rate: 1 NOK = 5.1040 PHP (-1.2651% )
Inverted: 1 PHP = 0.1959 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 | 5.1040 | 0 | 5.0530 | |||
 | 5.0887 (indicative) | 0 | 5.0887 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 5.0683 (indicative) | 0 | 5.0683 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 5.1040 | 1.53% | 5.0259 | 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. | |
 | 5.0581 | 0 | 5.0581 | 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  | 4.9611 (upper range) | Variable | 4.9611 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 4.9254 (lower range) | Variable | 4.9254 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 4.8743 | 0 | 4.8743 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4350 Close: 5.4468 Mid: 5.4548 | 2 Open: 5.4451 Close: 5.3717 Mid: 5.4305 | 3 Open: 5.3717 Close: 5.3902 Mid: 5.3821 | 4 Open: 5.3914 Close: 5.3955 Mid: 5.3824 | 5 Open: 5.3946 Close: 5.3856 Mid: 5.3819 | 6 | |
7 | 8 Open: 5.3686 Close: 5.3806 Mid: 5.3823 | 9 Open: 5.3813 Close: 5.4137 Mid: 5.4003 | 10 Open: 5.4137 Close: 5.4233 Mid: 5.4342 | 11 Open: 5.4246 Close: 5.4328 Mid: 5.4273 | 12 Open: 5.4326 Close: 5.4237 Mid: 5.4308 | 13 |
14 | 15 Open: 5.4306 Close: 5.3805 Mid: 5.4112 | 16 Open: 5.3861 Close: 5.3429 Mid: 5.3648 | 17 Open: 5.3428 Close: 5.3248 Mid: 5.3335 | 18 Open: 5.3249 Close: 5.3020 Mid: 5.3090 | 19 Open: 5.3014 Close: 5.3265 Mid: 5.3294 | 20 |
21 | 22 Open: 5.3319 Close: 5.3525 Mid: 5.3516 | 23 Open: 5.3557 Close: 5.3624 Mid: 5.3534 | 24 Open: 5.3632 Close: 5.3703 Mid: 5.3719 | 25 Open: 5.3717 Close: 5.4057 Mid: 5.4081 | 26 Open: 5.4080 Close: 5.4069 Mid: 5.4013 | 27 |
28 | 29 Open: 5.4035 Close: 5.4097 Mid: 5.4029 | 30 Open: 5.4091 Close: 5.3970 Mid: 5.4008 | 31 Open: 5.3956 Close: 5.3490 Mid: 5.3781 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.3493 Close: 5.3642 Mid: 5.3455 | 2 Open: 5.3660 Close: 5.2896 Mid: 5.3192 | 3 | ||||
4 | 5 Open: 5.2869 Close: 5.2681 Mid: 5.2914 | 6 Open: 5.2683 Close: 5.3022 Mid: 5.2746 | 7 Open: 5.3032 Close: 5.2948 Mid: 5.2850 | 8 Open: 5.2946 Close: 5.2691 Mid: 5.2767 | 9 Open: 5.2702 Close: 5.3135 Mid: 5.2860 | 10 |
11 | 12 Open: 5.3071 Close: 5.3283 Mid: 5.3209 | 13 Open: 5.3266 Close: 5.2623 Mid: 5.3005 | 14 Open: 5.2608 Close: 5.3013 Mid: 5.2834 | 15 Open: 5.3010 Close: 5.3088 Mid: 5.2989 | 16 Open: 5.3101 Close: 5.3248 Mid: 5.3147 | 17 |
18 | 19 Open: 5.3162 Close: 5.3416 Mid: 5.3390 | 20 Open: 5.3416 Close: 5.3335 Mid: 5.3431 | 21 Open: 5.3329 Close: 5.3343 Mid: 5.3336 | 22 Open: 5.3347 Close: 5.3105 Mid: 5.3259 | 23 Open: 5.3112 Close: 5.3091 Mid: 5.3125 | 24 |
25 | 26 Open: 5.3088 Close: 5.3317 Mid: 5.3225 | 27 Open: 5.3325 Close: 5.3251 Mid: 5.3318 | 28 Open: 5.3247 Close: 5.3129 Mid: 5.3076 | 29 Open: 5.3117 Close: 5.2866 Mid: 5.2964 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2887 Close: 5.3269 Mid: 5.3007 | 2 | |||||
3 | 4 Open: 5.3258 Close: 5.2981 Mid: 5.3191 | 5 Open: 5.2982 Close: 5.2926 Mid: 5.3010 | 6 Open: 5.2945 Close: 5.3171 Mid: 5.2929 | 7 Open: 5.3164 Close: 5.3623 Mid: 5.3377 | 8 Open: 5.3621 Close: 5.3244 Mid: 5.3267 | 9 |
10 | 11 Open: 5.3237 Close: 5.2940 Mid: 5.3212 | 12 Open: 5.2938 Close: 5.2728 Mid: 5.2821 | 13 Open: 5.2729 Close: 5.2827 Mid: 5.2786 | 14 Open: 5.2828 Close: 5.2574 Mid: 5.2695 | 15 Open: 5.2578 Close: 5.2402 Mid: 5.2467 | 16 |
17 | 18 Open: 5.2836 Close: 5.2245 Mid: 5.2490 | 19 Open: 5.2246 Close: 5.2435 Mid: 5.2500 | 20 Open: 5.2435 Close: 5.3038 Mid: 5.2699 | 21 Open: 5.3033 Close: 5.2502 Mid: 5.2988 | 22 Open: 5.2507 Close: 5.2443 Mid: 5.2509 | 23 |
24 | 25 Open: 5.2280 Close: 5.2544 Mid: 5.2217 | 26 Open: 5.2545 Close: 5.2301 Mid: 5.2538 | 27 Open: 5.2303 Close: 5.2183 Mid: 5.2322 | 28 Open: 5.2182 Close: 5.1758 Mid: 5.1976 | 29 Open: 5.1759 Close: 5.1843 Mid: 5.1744 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.1822 Close: 5.1302 Mid: 5.1615 | 2 Open: 5.1304 Close: 5.1960 Mid: 5.1617 | 3 Open: 5.1960 Close: 5.2633 Mid: 5.2271 | 4 Open: 5.2635 Close: 5.2829 Mid: 5.2763 | 5 Open: 5.2819 Close: 5.2771 Mid: 5.2674 | 6 | |
7 | 8 Open: 5.2756 Close: 5.2918 Mid: 5.2795 | 9 Open: 5.2915 Close: 5.2739 Mid: 5.2896 | 10 Open: 5.2739 Close: 5.2192 Mid: 5.2469 | 11 Open: 5.2191 Close: 5.2135 Mid: 5.2076 | 12 Open: 5.2132 Close: 5.1947 Mid: 5.1990 | 13 |
14 | 15 Open: 5.1913 Close: 5.2026 Mid: 5.2019 | 16 Open: 5.2026 Close: 5.1928 Mid: 5.1937 | 17 Open: 5.1932 Close: 5.1996 Mid: 5.1955 | 18 Open: 5.1999 Close: 5.1813 Mid: 5.1892 | 19 Open: 5.1810 Close: 5.2240 Mid: 5.2183 | 20 |
21 | 22 Open: 5.2119 Close: 5.2372 Mid: 5.2207 | 23 Open: 5.2373 Close: 5.2596 Mid: 5.2363 | 24 Open: 5.2597 Close: 5.2620 Mid: 5.2637 | 25 Open: 5.2622 Close: 5.2644 Mid: 5.2721 | 26 Open: 5.2650 Close: 5.2257 Mid: 5.2488 | 27 |
28 | 29 Open: 5.2351 Close: 5.2444 Mid: 5.2438 | 30 Open: 5.2444 Close: 5.2008 Mid: 5.2219 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2009 Close: 5.2259 Mid: 5.2118 | 2 Open: 5.2258 Close: 5.2269 Mid: 5.2135 | 3 Open: 5.2268 Close: 5.2498 Mid: 5.2483 | 4 | |||
5 | 6 Open: 5.2509 Close: 5.2835 Mid: 5.2702 | 7 Open: 5.2833 Close: 5.2451 Mid: 5.2679 | 8 Open: 5.2451 Close: 5.2592 Mid: 5.2489 | 9 Open: 5.2592 Close: 5.2823 Mid: 5.2578 | 10 Open: 5.2821 Close: 5.3128 Mid: 5.2997 | 11 |
12 | 13 Open: 5.2916 Close: 5.3451 Mid: 5.3207 | 14 Open: 5.3449 Close: 5.3440 Mid: 5.3449 | 15 Open: 5.3441 Close: 5.3856 Mid: 5.3553 | 16 Open: 5.3858 Close: 5.3776 Mid: 5.3745 | 17 Open: 5.3772 Close: 5.4067 Mid: 5.3872 | 18 |
19 | 20 Open: 5.4030 Close: 5.4254 Mid: 5.4188 | 21 Open: 5.4257 Close: 5.4475 Mid: 5.4441 | 22 Open: 5.4477 Close: 5.4269 Mid: 5.4452 | 23 Open: 5.4266 Close: 5.4588 Mid: 5.4564 | 24 Open: 5.4586 Close: 5.4999 Mid: 5.4793 | 25 |
26 | 27 Open: 5.4945 Close: 5.5361 Mid: 5.5096 | 28 Open: 5.5363 Close: 5.5243 Mid: 5.5372 | 29 Open: 5.5239 Close: 5.5272 Mid: 5.5400 | 30 Open: 5.5273 Close: 5.5426 Mid: 5.5567 | 31 Open: 5.5425 Close: 5.5756 Mid: 5.5657 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 5.5717 Close: 5.6130 Mid: 5.6310 | 4 Open: 5.6127 Close: 5.5684 Mid: 5.5857 | 5 Open: 5.5685 Close: 5.5478 Mid: 5.5635 | 6 Open: 5.5479 Close: 5.5512 Mid: 5.5474 | 7 Open: 5.5515 Close: 5.4862 Mid: 5.5205 | 8 |
9 | 10 Open: 5.4903 Close: 5.5228 Mid: 5.4846 | 11 Open: 5.5227 Close: 5.4933 Mid: 5.5021 | 12 Open: 5.4930 Close: 5.5281 Mid: 5.5236 | 13 Open: 5.5277 Close: 5.5078 Mid: 5.5217 | 14 Open: 5.5078 Close: 5.5008 Mid: 5.4982 | 15 |
16 | 17 Open: 5.4944 Close: 5.5014 Mid: 5.4831 | 18 Open: 5.5012 Close: 5.5441 Mid: 5.5144 | 19 Open: 5.5445 Close: 5.5636 Mid: 5.5502 | 20 Open: 5.5634 Close: 5.5770 Mid: 5.5820 | 21 Open: 5.5771 Close: 5.5660 Mid: 5.5732 | 22 |
23 | 24 Open: 5.5702 Close: 5.5786 Mid: 5.5650 | 25 Open: 5.5787 Close: 5.5349 Mid: 5.5611 | 26 Open: 5.5348 Close: 5.5191 Mid: 5.5276 | 27 Open: 5.5191 Close: 5.5006 Mid: 5.5137 | 28 Open: 5.5015 Close: 5.4699 Mid: 5.4869 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4931 Close: 5.5077 Mid: 5.5108 | 2 Open: 5.5082 Close: 5.5085 Mid: 5.5017 | 3 Open: 5.5084 Close: 5.5574 Mid: 5.5359 | 4 Open: 5.5573 Close: 5.5427 Mid: 5.5467 | 5 Open: 5.5428 Close: 5.5528 Mid: 5.5430 | 6 | |
7 | 8 Open: 5.5354 Close: 5.5201 Mid: 5.5324 | 9 Open: 5.5209 Close: 5.5211 Mid: 5.5128 | 10 Open: 5.5210 Close: 5.4406 Mid: 5.4671 | 11 Open: 5.4407 Close: 5.4367 Mid: 5.4256 | 12 Open: 5.4373 Close: 5.4446 Mid: 5.4392 | 13 |
14 | 15 Open: 5.4505 Close: 5.4047 Mid: 5.4351 | 16 Open: 5.4046 Close: 5.4074 Mid: 5.3995 | 17 Open: 5.4074 Close: 5.4280 Mid: 5.4169 | 18 Open: 5.4280 Close: 5.3958 Mid: 5.4167 | 19 Open: 5.3957 Close: 5.3446 Mid: 5.3678 | 20 |
21 | 22 Open: 5.3545 Close: 5.3305 Mid: 5.3384 | 23 Open: 5.3307 Close: 5.3082 Mid: 5.3124 | 24 Open: 5.3083 Close: 5.3098 Mid: 5.3061 | 25 Open: 5.3099 Close: 5.3054 Mid: 5.2946 | 26 Open: 5.3058 Close: 5.3073 Mid: 5.3080 | 27 |
28 | 29 Open: 5.3139 Close: 5.3274 Mid: 5.3184 | 30 Open: 5.3274 Close: 5.3469 Mid: 5.3367 | 31 Open: 5.3469 Close: 5.3520 Mid: 5.3479 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.3517 Close: 5.3202 Mid: 5.3465 | 2 Open: 5.3204 Close: 5.2802 Mid: 5.2908 | 3 | ||||
4 | 5 Open: 5.2971 Close: 5.2503 Mid: 5.2510 | 6 Open: 5.2499 Close: 5.2793 Mid: 5.2789 | 7 Open: 5.2793 Close: 5.3367 Mid: 5.3198 | 8 Open: 5.3368 Close: 5.2880 Mid: 5.2919 | 9 Open: 5.2881 Close: 5.2970 Mid: 5.2881 | 10 |
11 | 12 Open: 5.2876 Close: 5.2977 Mid: 5.3098 | 13 Open: 5.2977 Close: 5.3050 Mid: 5.2918 | 14 Open: 5.3050 Close: 5.3180 Mid: 5.3258 | 15 Open: 5.3179 Close: 5.3263 Mid: 5.3298 | 16 Open: 5.3262 Close: 5.3476 Mid: 5.3239 | 17 |
18 | 19 Open: 5.3600 Close: 5.3721 Mid: 5.3456 | 20 Open: 5.3721 Close: 5.3752 Mid: 5.3635 | 21 Open: 5.3752 Close: 5.3601 Mid: 5.3642 | 22 Open: 5.3601 Close: 5.3330 Mid: 5.3512 | 23 Open: 5.3330 Close: 5.3686 Mid: 5.3383 | 24 |
25 | 26 Open: 5.3480 Close: 5.3263 Mid: 5.3319 | 27 Open: 5.3264 Close: 5.3801 Mid: 5.3486 | 28 Open: 5.3801 Close: 5.3543 Mid: 5.3523 | 29 Open: 5.3545 Close: 5.3540 Mid: 5.3553 | 30 Open: 5.3539 Close: 5.3015 Mid: 5.3233 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.3173 Close: 5.3360 Mid: 5.3311 | 3 Open: 5.3359 Close: 5.2847 Mid: 5.3162 | 4 Open: 5.2853 Close: 5.3136 Mid: 5.2967 | 5 Open: 5.3141 Close: 5.2719 Mid: 5.2893 | 6 Open: 5.2717 Close: 5.2507 Mid: 5.2674 | 7 |
8 | 9 Open: 5.1327 Close: 5.2013 Mid: 4.9598 | 10 Open: 5.2014 Close: 5.1938 Mid: 5.2155 | 11 Open: 5.1935 Close: 5.1644 Mid: 5.1700 | 12 Open: 5.1643 Close: 5.2337 Mid: 5.1961 | 13 Open: 5.2337 Close: 5.2484 Mid: 5.2448 | 14 |
15 | 16 Open: 5.2255 Close: 5.2617 Mid: 5.2651 | 17 Open: 5.2616 Close: 5.2608 Mid: 5.2612 | 18 Open: 5.2610 Close: 5.2717 Mid: 5.2965 | 19 Open: 5.2718 Close: 5.2980 Mid: 5.2911 | 20 Open: 5.2979 Close: 5.3060 Mid: 5.2888 | 21 |
22 | 23 Open: 5.3075 Close: 5.3353 Mid: 5.3366 | 24 Open: 5.3358 Close: 5.3785 Mid: 5.3642 | 25 Open: 5.3783 Close: 5.3061 Mid: 5.3442 | 26 Open: 5.3054 Close: 5.3088 Mid: 5.2950 | 27 Open: 5.3092 Close: 5.3352 Mid: 5.3174 | 28 |
29 | 30 Open: 5.3278 Close: 5.3285 Mid: 5.3347 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.3287 Close: 5.3124 Mid: 5.3218 | 2 Open: 5.3123 Close: 5.3229 Mid: 5.3162 | 3 Open: 5.3229 Close: 5.3133 Mid: 5.3169 | 4 Open: 5.3133 Close: 5.3152 Mid: 5.3162 | 5 | ||
6 | 7 Open: 5.3032 Close: 5.3364 Mid: 5.3321 | 8 Open: 5.3365 Close: 5.3105 Mid: 5.3232 | 9 Open: 5.3108 Close: 5.2979 Mid: 5.2954 | 10 Open: 5.2977 Close: 5.3459 Mid: 5.3139 | 11 Open: 5.3450 Close: 5.3530 Mid: 5.3348 | 12 |
13 | 14 Open: 5.3306 Close: 5.3187 Mid: 5.3379 | 15 Open: 5.3187 Close: 5.3375 Mid: 5.3316 | 16 Open: 5.3379 Close: 5.2951 Mid: 5.3302 | 17 Open: 5.2952 Close: 5.2871 Mid: 5.2919 | 18 Open: 5.2867 Close: 5.2689 Mid: 5.2797 | 19 |
20 | 21 Open: 5.2672 Close: 5.2623 Mid: 5.2639 | 22 Open: 5.2624 Close: 5.2953 Mid: 5.2924 | 23 Open: 5.2951 Close: 5.2876 Mid: 5.2880 | 24 Open: 5.2876 Close: 5.2934 Mid: 5.2896 | 25 Open: 5.2936 Close: 5.3214 Mid: 5.3164 | 26 |
27 | 28 Open: 5.3336 Close: 5.2952 Mid: 5.3053 | 29 Open: 5.2956 Close: 5.3207 Mid: 5.3092 | 30 Open: 5.3208 Close: 5.3134 Mid: 5.3131 | 31 Open: 5.3136 Close: 5.2957 Mid: 5.2982 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2959 Close: 5.2785 Mid: 5.3253 | 2 | |||||
3 | 4 Open: 5.2953 Close: 5.3168 Mid: 5.3131 | 5 Open: 5.3166 Close: 5.3305 Mid: 5.3284 | 6 Open: 5.3305 Close: 5.3141 Mid: 5.3502 | 7 Open: 5.3140 Close: 5.3636 Mid: 5.3557 | 8 Open: 5.3636 Close: 5.3132 Mid: 5.3344 | 9 |
10 | 11 Open: 5.3097 Close: 5.3141 Mid: 5.3121 | 12 Open: 5.3141 Close: 5.3043 Mid: 5.3065 | 13 Open: 5.3045 Close: 5.2776 Mid: 5.2884 | 14 Open: 5.2778 Close: 5.2822 Mid: 5.2921 | 15 Open: 5.2824 Close: 5.2974 Mid: 5.2887 | 16 |
17 | 18 Open: 5.2845 Close: 5.3297 Mid: 5.3038 | 19 Open: 5.3298 Close: 5.3625 Mid: 5.3452 | 20 Open: 5.3625 Close: 5.3356 Mid: 5.3493 | 21 Open: 5.3356 Close: 5.3316 Mid: 5.3323 | 22 Open: 5.3318 Close: 5.3250 Mid: 5.3122 | 23 |
24 | 25 Open: 5.3280 Close: 5.3149 Mid: 5.3303 | 26 Open: 5.3150 Close: 5.2789 Mid: 5.2969 | 27 Open: 5.2790 Close: 5.3033 Mid: 5.2939 | 28 Open: 5.3034 Close: 5.3156 Mid: 5.3029 | 29 Open: 5.3156 Close: 5.3073 Mid: 5.3025 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.3163 Close: 5.2843 Mid: 5.2824 | 3 Open: 5.2843 Close: 5.2805 Mid: 5.2861 | 4 Open: 5.2805 Close: 5.2616 Mid: 5.2743 | 5 Open: 5.2617 Close: 5.2369 Mid: 5.2446 | 6 Open: 5.2369 Close: 5.1902 Mid: 5.2152 | 7 |
8 | 9 Open: 5.1949 Close: 5.2096 Mid: 5.2128 | 10 Open: 5.2096 Close: 5.2089 Mid: 5.2148 | 11 Open: 5.2089 Close: 5.2379 Mid: 5.2591 | 12 Open: 5.2378 Close: 5.2166 Mid: 5.2414 | 13 Open: 5.2166 Close: 5.2688 Mid: 5.2587 | 14 |
15 | 16 Open: 5.2643 Close: 5.2719 Mid: 5.2698 | 17 Open: 5.2719 Close: 5.2679 Mid: 5.2670 | 18 Open: 5.2683 Close: 5.2097 Mid: 5.2526 | 19 Open: 5.2096 Close: 5.1618 Mid: 5.1882 | 20 Open: 5.1622 Close: 5.1933 Mid: 5.1639 | 21 |
22 | 23 Open: 5.1976 Close: 5.1545 Mid: 5.1701 | 24 Open: 5.1546 Close: 5.1694 Mid: 5.1465 | 25 Open: 5.1546 Close: 5.1694 Mid: 5.1465 | 26 Open: 5.1693 Close: 5.1136 Mid: 5.1365 | 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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