Best Norwegian Krone / Saudi Riyal Exchange Rate Today: 0.3299
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.3289, and the most competitive travel money / cash rates start at approximately 0.3269.
Live rate: 1 NOK = 0.3299 SAR (-0.0909% )
Inverted: 1 SAR = 3.0312 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 | 0.3299 | 0 | 0.3266 | |||
 | 0.3289 (indicative) | 0 | 0.3289 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.3276 (indicative) | 0 | 0.3276 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.3299 | 2.34% | 0.3222 | 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. | |
 | 0.3269 | 0 | 0.3269 | 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  | 0.3207 (upper range) | Variable | 0.3207 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3184 (lower range) | Variable | 0.3184 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3151 | 0 | 0.3151 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3678 Close: 0.3689 Mid: 0.3689 | 2 Open: 0.3688 Close: 0.3625 Mid: 0.3661 | 3 Open: 0.3625 Close: 0.3622 Mid: 0.3624 | 4 Open: 0.3623 Close: 0.3643 Mid: 0.3630 | 5 Open: 0.3642 Close: 0.3641 Mid: 0.3636 | 6 | |
7 | 8 Open: 0.3618 Close: 0.3616 Mid: 0.3621 | 9 Open: 0.3617 Close: 0.3617 Mid: 0.3619 | 10 Open: 0.3617 Close: 0.3622 Mid: 0.3626 | 11 Open: 0.3622 Close: 0.3632 Mid: 0.3629 | 12 Open: 0.3632 Close: 0.3644 Mid: 0.3639 | 13 |
14 | 15 Open: 0.3649 Close: 0.3620 Mid: 0.3634 | 16 Open: 0.3623 Close: 0.3584 Mid: 0.3604 | 17 Open: 0.3583 Close: 0.3567 Mid: 0.3576 | 18 Open: 0.3567 Close: 0.3555 Mid: 0.3565 | 19 Open: 0.3556 Close: 0.3569 Mid: 0.3572 | 20 |
21 | 22 Open: 0.3573 Close: 0.3566 Mid: 0.3571 | 23 Open: 0.3567 Close: 0.3568 Mid: 0.3568 | 24 Open: 0.3568 Close: 0.3584 Mid: 0.3577 | 25 Open: 0.3585 Close: 0.3591 Mid: 0.3588 | 26 Open: 0.3591 Close: 0.3603 Mid: 0.3596 | 27 |
28 | 29 Open: 0.3600 Close: 0.3593 Mid: 0.3594 | 30 Open: 0.3593 Close: 0.3588 Mid: 0.3593 | 31 Open: 0.3587 Close: 0.3571 Mid: 0.3588 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3571 Close: 0.3583 Mid: 0.3576 | 2 Open: 0.3587 Close: 0.3536 Mid: 0.3564 | 3 | ||||
4 | 5 Open: 0.3538 Close: 0.3507 Mid: 0.3528 | 6 Open: 0.3509 Close: 0.3539 Mid: 0.3521 | 7 Open: 0.3540 Close: 0.3544 Mid: 0.3539 | 8 Open: 0.3544 Close: 0.3529 Mid: 0.3537 | 9 Open: 0.3530 Close: 0.3556 Mid: 0.3541 | 10 |
11 | 12 Open: 0.3551 Close: 0.3572 Mid: 0.3560 | 13 Open: 0.3571 Close: 0.3513 Mid: 0.3549 | 14 Open: 0.3512 Close: 0.3542 Mid: 0.3529 | 15 Open: 0.3542 Close: 0.3559 Mid: 0.3550 | 16 Open: 0.3559 Close: 0.3568 Mid: 0.3562 | 17 |
18 | 19 Open: 0.3562 Close: 0.3577 Mid: 0.3572 | 20 Open: 0.3577 Close: 0.3577 Mid: 0.3575 | 21 Open: 0.3576 Close: 0.3574 Mid: 0.3575 | 22 Open: 0.3574 Close: 0.3565 Mid: 0.3579 | 23 Open: 0.3566 Close: 0.3561 Mid: 0.3563 | 24 |
25 | 26 Open: 0.3561 Close: 0.3567 Mid: 0.3564 | 27 Open: 0.3568 Close: 0.3560 Mid: 0.3565 | 28 Open: 0.3560 Close: 0.3540 Mid: 0.3549 | 29 Open: 0.3540 Close: 0.3532 Mid: 0.3536 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3533 Close: 0.3564 Mid: 0.3548 | 2 | |||||
3 | 4 Open: 0.3563 Close: 0.3548 Mid: 0.3556 | 5 Open: 0.3548 Close: 0.3547 Mid: 0.3550 | 6 Open: 0.3548 Close: 0.3577 Mid: 0.3559 | 7 Open: 0.3576 Close: 0.3600 Mid: 0.3587 | 8 Open: 0.3601 Close: 0.3596 Mid: 0.3605 | 9 |
10 | 11 Open: 0.3595 Close: 0.3587 Mid: 0.3589 | 12 Open: 0.3587 Close: 0.3563 Mid: 0.3578 | 13 Open: 0.3563 Close: 0.3579 Mid: 0.3573 | 14 Open: 0.3579 Close: 0.3553 Mid: 0.3568 | 15 Open: 0.3553 Close: 0.3534 Mid: 0.3545 | 16 |
17 | 18 Open: 0.3564 Close: 0.3519 Mid: 0.3540 | 19 Open: 0.3519 Close: 0.3520 Mid: 0.3515 | 20 Open: 0.3522 Close: 0.3542 Mid: 0.3526 | 21 Open: 0.3542 Close: 0.3523 Mid: 0.3538 | 22 Open: 0.3523 Close: 0.3486 Mid: 0.3504 | 23 |
24 | 25 Open: 0.3475 Close: 0.3500 Mid: 0.3492 | 26 Open: 0.3500 Close: 0.3488 Mid: 0.3503 | 27 Open: 0.3488 Close: 0.3475 Mid: 0.3487 | 28 Open: 0.3476 Close: 0.3455 Mid: 0.3465 | 29 Open: 0.3455 Close: 0.3461 Mid: 0.3455 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3459 Close: 0.3438 Mid: 0.3449 | 2 Open: 0.3439 Close: 0.3458 Mid: 0.3447 | 3 Open: 0.3458 Close: 0.3493 Mid: 0.3476 | 4 Open: 0.3493 Close: 0.3500 Mid: 0.3501 | 5 Open: 0.3499 Close: 0.3494 Mid: 0.3494 | 6 | |
7 | 8 Open: 0.3493 Close: 0.3509 Mid: 0.3502 | 9 Open: 0.3509 Close: 0.3513 Mid: 0.3517 | 10 Open: 0.3513 Close: 0.3466 Mid: 0.3493 | 11 Open: 0.3466 Close: 0.3463 Mid: 0.3461 | 12 Open: 0.3463 Close: 0.3442 Mid: 0.3451 | 13 |
14 | 15 Open: 0.3440 Close: 0.3430 Mid: 0.3440 | 16 Open: 0.3430 Close: 0.3417 Mid: 0.3419 | 17 Open: 0.3417 Close: 0.3409 Mid: 0.3410 | 18 Open: 0.3409 Close: 0.3397 Mid: 0.3409 | 19 Open: 0.3396 Close: 0.3411 Mid: 0.3404 | 20 |
21 | 22 Open: 0.3403 Close: 0.3410 Mid: 0.3404 | 23 Open: 0.3410 Close: 0.3434 Mid: 0.3418 | 24 Open: 0.3434 Close: 0.3410 Mid: 0.3426 | 25 Open: 0.3410 Close: 0.3419 Mid: 0.3414 | 26 Open: 0.3419 Close: 0.3399 Mid: 0.3414 | 27 |
28 | 29 Open: 0.3405 Close: 0.3410 Mid: 0.3408 | 30 Open: 0.3410 Close: 0.3379 Mid: 0.3396 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3379 Close: 0.3385 Mid: 0.3383 | 2 Open: 0.3385 Close: 0.3407 Mid: 0.3391 | 3 Open: 0.3408 Close: 0.3451 Mid: 0.3438 | 4 | |||
5 | 6 Open: 0.3452 Close: 0.3465 Mid: 0.3459 | 7 Open: 0.3464 Close: 0.3442 Mid: 0.3453 | 8 Open: 0.3441 Close: 0.3437 Mid: 0.3436 | 9 Open: 0.3437 Close: 0.3452 Mid: 0.3437 | 10 Open: 0.3452 Close: 0.3459 Mid: 0.3457 | 11 |
12 | 13 Open: 0.3446 Close: 0.3467 Mid: 0.3458 | 14 Open: 0.3466 Close: 0.3467 Mid: 0.3470 | 15 Open: 0.3467 Close: 0.3510 Mid: 0.3489 | 16 Open: 0.3510 Close: 0.3505 Mid: 0.3510 | 17 Open: 0.3505 Close: 0.3509 Mid: 0.3503 | 18 |
19 | 20 Open: 0.3507 Close: 0.3505 Mid: 0.3509 | 21 Open: 0.3505 Close: 0.3515 Mid: 0.3510 | 22 Open: 0.3515 Close: 0.3504 Mid: 0.3511 | 23 Open: 0.3504 Close: 0.3516 Mid: 0.3517 | 24 Open: 0.3516 Close: 0.3543 Mid: 0.3533 | 25 |
26 | 27 Open: 0.3540 Close: 0.3572 Mid: 0.3555 | 28 Open: 0.3572 Close: 0.3571 Mid: 0.3575 | 29 Open: 0.3571 Close: 0.3546 Mid: 0.3561 | 30 Open: 0.3545 Close: 0.3555 Mid: 0.3549 | 31 Open: 0.3555 Close: 0.3571 Mid: 0.3566 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.3569 Close: 0.3580 Mid: 0.3578 | 4 Open: 0.3581 Close: 0.3550 Mid: 0.3562 | 5 Open: 0.3550 Close: 0.3542 Mid: 0.3550 | 6 Open: 0.3542 Close: 0.3551 Mid: 0.3546 | 7 Open: 0.3551 Close: 0.3503 Mid: 0.3531 | 8 |
9 | 10 Open: 0.3506 Close: 0.3521 Mid: 0.3504 | 11 Open: 0.3521 Close: 0.3505 Mid: 0.3513 | 12 Open: 0.3505 Close: 0.3550 Mid: 0.3537 | 13 Open: 0.3550 Close: 0.3523 Mid: 0.3539 | 14 Open: 0.3523 Close: 0.3514 Mid: 0.3518 | 15 |
16 | 17 Open: 0.3510 Close: 0.3516 Mid: 0.3506 | 18 Open: 0.3516 Close: 0.3544 Mid: 0.3526 | 19 Open: 0.3544 Close: 0.3551 Mid: 0.3547 | 20 Open: 0.3551 Close: 0.3560 Mid: 0.3559 | 21 Open: 0.3560 Close: 0.3548 Mid: 0.3555 | 22 |
23 | 24 Open: 0.3551 Close: 0.3558 Mid: 0.3551 | 25 Open: 0.3559 Close: 0.3535 Mid: 0.3550 | 26 Open: 0.3535 Close: 0.3515 Mid: 0.3523 | 27 Open: 0.3514 Close: 0.3522 Mid: 0.3519 | 28 Open: 0.3522 Close: 0.3512 Mid: 0.3520 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3513 Close: 0.3521 Mid: 0.3521 | 2 Open: 0.3521 Close: 0.3513 Mid: 0.3510 | 3 Open: 0.3513 Close: 0.3555 Mid: 0.3533 | 4 Open: 0.3555 Close: 0.3550 Mid: 0.3552 | 5 Open: 0.3550 Close: 0.3557 Mid: 0.3550 | 6 | |
7 | 8 Open: 0.3546 Close: 0.3539 Mid: 0.3545 | 9 Open: 0.3539 Close: 0.3540 Mid: 0.3535 | 10 Open: 0.3540 Close: 0.3497 Mid: 0.3521 | 11 Open: 0.3497 Close: 0.3501 Mid: 0.3490 | 12 Open: 0.3501 Close: 0.3494 Mid: 0.3496 | 13 |
14 | 15 Open: 0.3499 Close: 0.3470 Mid: 0.3484 | 16 Open: 0.3470 Close: 0.3472 Mid: 0.3468 | 17 Open: 0.3472 Close: 0.3500 Mid: 0.3484 | 18 Open: 0.3499 Close: 0.3474 Mid: 0.3487 | 19 Open: 0.3474 Close: 0.3436 Mid: 0.3455 | 20 |
21 | 22 Open: 0.3442 Close: 0.3420 Mid: 0.3430 | 23 Open: 0.3421 Close: 0.3405 Mid: 0.3409 | 24 Open: 0.3406 Close: 0.3402 Mid: 0.3401 | 25 Open: 0.3402 Close: 0.3404 Mid: 0.3395 | 26 Open: 0.3403 Close: 0.3402 Mid: 0.3413 | 27 |
28 | 29 Open: 0.3407 Close: 0.3408 Mid: 0.3411 | 30 Open: 0.3408 Close: 0.3424 Mid: 0.3415 | 31 Open: 0.3424 Close: 0.3439 Mid: 0.3434 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3439 Close: 0.3432 Mid: 0.3441 | 2 Open: 0.3431 Close: 0.3429 Mid: 0.3427 | 3 | ||||
4 | 5 Open: 0.3440 Close: 0.3404 Mid: 0.3411 | 6 Open: 0.3404 Close: 0.3439 Mid: 0.3428 | 7 Open: 0.3439 Close: 0.3481 Mid: 0.3464 | 8 Open: 0.3480 Close: 0.3455 Mid: 0.3467 | 9 Open: 0.3456 Close: 0.3472 Mid: 0.3464 | 10 |
11 | 12 Open: 0.3466 Close: 0.3473 Mid: 0.3478 | 13 Open: 0.3473 Close: 0.3491 Mid: 0.3482 | 14 Open: 0.3492 Close: 0.3504 Mid: 0.3508 | 15 Open: 0.3504 Close: 0.3490 Mid: 0.3504 | 16 Open: 0.3490 Close: 0.3509 Mid: 0.3492 | 17 |
18 | 19 Open: 0.3518 Close: 0.3553 Mid: 0.3530 | 20 Open: 0.3554 Close: 0.3573 Mid: 0.3560 | 21 Open: 0.3574 Close: 0.3569 Mid: 0.3570 | 22 Open: 0.3569 Close: 0.3540 Mid: 0.3560 | 23 Open: 0.3540 Close: 0.3583 Mid: 0.3553 | 24 |
25 | 26 Open: 0.3570 Close: 0.3559 Mid: 0.3567 | 27 Open: 0.3559 Close: 0.3582 Mid: 0.3569 | 28 Open: 0.3583 Close: 0.3573 Mid: 0.3572 | 29 Open: 0.3573 Close: 0.3573 Mid: 0.3575 | 30 Open: 0.3573 Close: 0.3538 Mid: 0.3556 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3549 Close: 0.3545 Mid: 0.3545 | 3 Open: 0.3545 Close: 0.3509 Mid: 0.3526 | 4 Open: 0.3509 Close: 0.3527 Mid: 0.3515 | 5 Open: 0.3528 Close: 0.3529 Mid: 0.3532 | 6 Open: 0.3529 Close: 0.3504 Mid: 0.3525 | 7 |
8 | 9 Open: 0.3502 Close: 0.3466 Mid: 0.3483 | 10 Open: 0.3466 Close: 0.3460 Mid: 0.3473 | 11 Open: 0.3460 Close: 0.3459 Mid: 0.3462 | 12 Open: 0.3459 Close: 0.3492 Mid: 0.3473 | 13 Open: 0.3493 Close: 0.3522 Mid: 0.3510 | 14 |
15 | 16 Open: 0.3503 Close: 0.3541 Mid: 0.3528 | 17 Open: 0.3541 Close: 0.3542 Mid: 0.3544 | 18 Open: 0.3541 Close: 0.3547 Mid: 0.3551 | 19 Open: 0.3546 Close: 0.3574 Mid: 0.3569 | 20 Open: 0.3575 Close: 0.3575 Mid: 0.3569 | 21 |
22 | 23 Open: 0.3576 Close: 0.3575 Mid: 0.3576 | 24 Open: 0.3575 Close: 0.3599 Mid: 0.3587 | 25 Open: 0.3600 Close: 0.3558 Mid: 0.3582 | 26 Open: 0.3557 Close: 0.3556 Mid: 0.3552 | 27 Open: 0.3557 Close: 0.3577 Mid: 0.3565 | 28 |
29 | 30 Open: 0.3572 Close: 0.3559 Mid: 0.3569 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3559 Close: 0.3534 Mid: 0.3546 | 2 Open: 0.3534 Close: 0.3551 Mid: 0.3549 | 3 Open: 0.3551 Close: 0.3537 Mid: 0.3544 | 4 Open: 0.3537 Close: 0.3524 Mid: 0.3537 | 5 | ||
6 | 7 Open: 0.3517 Close: 0.3529 Mid: 0.3525 | 8 Open: 0.3530 Close: 0.3505 Mid: 0.3516 | 9 Open: 0.3506 Close: 0.3484 Mid: 0.3490 | 10 Open: 0.3484 Close: 0.3497 Mid: 0.3480 | 11 Open: 0.3497 Close: 0.3512 Mid: 0.3500 | 12 |
13 | 14 Open: 0.3497 Close: 0.3476 Mid: 0.3494 | 15 Open: 0.3476 Close: 0.3468 Mid: 0.3473 | 16 Open: 0.3468 Close: 0.3443 Mid: 0.3463 | 17 Open: 0.3443 Close: 0.3437 Mid: 0.3438 | 18 Open: 0.3437 Close: 0.3436 Mid: 0.3442 | 19 |
20 | 21 Open: 0.3436 Close: 0.3432 Mid: 0.3436 | 22 Open: 0.3429 Close: 0.3438 Mid: 0.3437 | 23 Open: 0.3438 Close: 0.3423 Mid: 0.3422 | 24 Open: 0.3422 Close: 0.3432 Mid: 0.3429 | 25 Open: 0.3432 Close: 0.3427 Mid: 0.3433 | 26 |
27 | 28 Open: 0.3434 Close: 0.3416 Mid: 0.3421 | 29 Open: 0.3416 Close: 0.3422 Mid: 0.3423 | 30 Open: 0.3422 Close: 0.3431 Mid: 0.3426 | 31 Open: 0.3430 Close: 0.3412 Mid: 0.3417 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3412 Close: 0.3400 Mid: 0.3407 | 2 | |||||
3 | 4 Open: 0.3410 Close: 0.3414 Mid: 0.3416 | 5 Open: 0.3414 Close: 0.3423 Mid: 0.3421 | 6 Open: 0.3423 Close: 0.3394 Mid: 0.3399 | 7 Open: 0.3394 Close: 0.3455 Mid: 0.3427 | 8 Open: 0.3455 Close: 0.3412 Mid: 0.3430 | 9 |
10 | 11 Open: 0.3410 Close: 0.3405 Mid: 0.3403 | 12 Open: 0.3405 Close: 0.3394 Mid: 0.3398 | 13 Open: 0.3394 Close: 0.3374 Mid: 0.3388 | 14 Open: 0.3374 Close: 0.3373 Mid: 0.3380 | 15 Open: 0.3373 Close: 0.3388 Mid: 0.3381 | 16 |
17 | 18 Open: 0.3379 Close: 0.3409 Mid: 0.3392 | 19 Open: 0.3410 Close: 0.3416 Mid: 0.3410 | 20 Open: 0.3416 Close: 0.3393 Mid: 0.3408 | 21 Open: 0.3393 Close: 0.3394 Mid: 0.3394 | 22 Open: 0.3393 Close: 0.3390 Mid: 0.3384 | 23 |
24 | 25 Open: 0.3393 Close: 0.3386 Mid: 0.3392 | 26 Open: 0.3386 Close: 0.3362 Mid: 0.3375 | 27 Open: 0.3362 Close: 0.3393 Mid: 0.3380 | 28 Open: 0.3394 Close: 0.3401 Mid: 0.3395 | 29 Open: 0.3401 Close: 0.3396 Mid: 0.3396 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3403 Close: 0.3383 Mid: 0.3385 | 3 Open: 0.3384 Close: 0.3395 Mid: 0.3391 | 4 Open: 0.3395 Close: 0.3399 Mid: 0.3401 | 5 Open: 0.3399 Close: 0.3401 Mid: 0.3400 | 6 Open: 0.3401 Close: 0.3366 Mid: 0.3388 | 7 |
8 | 9 Open: 0.3368 Close: 0.3380 Mid: 0.3374 | 10 Open: 0.3380 Close: 0.3366 Mid: 0.3376 | 11 Open: 0.3366 Close: 0.3371 Mid: 0.3368 | 12 Open: 0.3371 Close: 0.3367 Mid: 0.3376 | 13 Open: 0.3366 Close: 0.3374 Mid: 0.3371 | 14 |
15 | 16 Open: 0.3370 Close: 0.3368 Mid: 0.3368 | 17 Open: 0.3368 Close: 0.3356 Mid: 0.3361 | 18 Open: 0.3356 Close: 0.3304 Mid: 0.3334 | 19 Open: 0.3303 Close: 0.3290 Mid: 0.3302 | 20 Open: 0.3289 Close: 0.3323 Mid: 0.3298 | 21 |
22 | 23 Open: 0.3326 Close: 0.3306 Mid: 0.3315 | 24 Open: 0.3307 Close: 0.3302 Mid: 0.3300 | 25 Open: 0.3307 Close: 0.3302 Mid: 0.3300 | 26 Open: 0.3307 Close: 0.3302 Mid: 0.3300 | 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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