Best Norwegian Krone / Thai Baht Exchange Rate Today: 3.0063
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 2.9973, and the most competitive travel money / cash rates start at approximately 2.9792.
Live rate: 1 NOK = 3.0063 THB (-0.0798% )
Inverted: 1 THB = 0.3326 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 | 3.0063 | 0 | 2.9762 | |||
 | 2.9973 (indicative) | 0 | 2.9973 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 2.9853 (indicative) | 0 | 2.9853 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 3.0063 | 1.83% | 2.9513 | 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. | |
 | 2.9792 | 0 | 2.9792 | 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  | 2.9221 (upper range) | Variable | 2.9221 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 2.9011 (lower range) | Variable | 2.9011 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 2.8710 | 0 | 2.8710 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.3577 Close: 3.3817 Mid: 3.3790 | 2 Open: 3.3732 Close: 3.3154 Mid: 3.3478 | 3 Open: 3.3154 Close: 3.3351 Mid: 3.3216 | 4 Open: 3.3363 Close: 3.3537 Mid: 3.3408 | 5 Open: 3.3530 Close: 3.3648 Mid: 3.3617 | 6 | |
7 | 8 Open: 3.3537 Close: 3.3669 Mid: 3.3639 | 9 Open: 3.3677 Close: 3.3696 Mid: 3.3736 | 10 Open: 3.3698 Close: 3.3900 Mid: 3.3869 | 11 Open: 3.3901 Close: 3.4047 Mid: 3.3947 | 12 Open: 3.4047 Close: 3.3917 Mid: 3.3992 | 13 |
14 | 15 Open: 3.4037 Close: 3.3746 Mid: 3.3892 | 16 Open: 3.3780 Close: 3.3789 Mid: 3.3827 | 17 Open: 3.3786 Close: 3.3849 Mid: 3.3856 | 18 Open: 3.3849 Close: 3.3781 Mid: 3.3799 | 19 Open: 3.3784 Close: 3.3834 Mid: 3.3852 | 20 |
21 | 22 Open: 3.3865 Close: 3.3799 Mid: 3.3904 | 23 Open: 3.3815 Close: 3.3984 Mid: 3.3921 | 24 Open: 3.3985 Close: 3.4073 Mid: 3.4062 | 25 Open: 3.4083 Close: 3.4229 Mid: 3.4191 | 26 Open: 3.4231 Close: 3.4230 Mid: 3.4187 | 27 |
28 | 29 Open: 3.4204 Close: 3.3968 Mid: 3.4069 | 30 Open: 3.3961 Close: 3.3868 Mid: 3.3944 | 31 Open: 3.3859 Close: 3.3844 Mid: 3.3889 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.3837 Close: 3.3810 Mid: 3.3827 | 2 Open: 3.3838 Close: 3.3548 Mid: 3.3669 | 3 | ||||
4 | 5 Open: 3.3471 Close: 3.3487 Mid: 3.3608 | 6 Open: 3.3501 Close: 3.3593 Mid: 3.3478 | 7 Open: 3.3600 Close: 3.3680 Mid: 3.3562 | 8 Open: 3.3680 Close: 3.3804 Mid: 3.3760 | 9 Open: 3.3812 Close: 3.4087 Mid: 3.3893 | 10 |
11 | 12 Open: 3.4043 Close: 3.4176 Mid: 3.4067 | 13 Open: 3.4167 Close: 3.3760 Mid: 3.3892 | 14 Open: 3.3756 Close: 3.4140 Mid: 3.4005 | 15 Open: 3.4139 Close: 3.4237 Mid: 3.4159 | 16 Open: 3.4235 Close: 3.4294 Mid: 3.4256 | 17 |
18 | 19 Open: 3.4236 Close: 3.4373 Mid: 3.4264 | 20 Open: 3.4373 Close: 3.4298 Mid: 3.4359 | 21 Open: 3.4294 Close: 3.4189 Mid: 3.4244 | 22 Open: 3.4192 Close: 3.4189 Mid: 3.4242 | 23 Open: 3.4195 Close: 3.4147 Mid: 3.4192 | 24 |
25 | 26 Open: 3.4078 Close: 3.4198 Mid: 3.4081 | 27 Open: 3.4199 Close: 3.4052 Mid: 3.4095 | 28 Open: 3.4050 Close: 3.3935 Mid: 3.3992 | 29 Open: 3.3932 Close: 3.3771 Mid: 3.3886 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.3783 Close: 3.4103 Mid: 3.3940 | 2 | |||||
3 | 4 Open: 3.4091 Close: 3.3846 Mid: 3.3979 | 5 Open: 3.3846 Close: 3.3864 Mid: 3.3892 | 6 Open: 3.3874 Close: 3.3990 Mid: 3.3896 | 7 Open: 3.3986 Close: 3.4147 Mid: 3.4019 | 8 Open: 3.4148 Close: 3.3937 Mid: 3.4080 | 9 |
10 | 11 Open: 3.3929 Close: 3.3879 Mid: 3.3876 | 12 Open: 3.3879 Close: 3.3962 Mid: 3.3955 | 13 Open: 3.3961 Close: 3.4001 Mid: 3.4001 | 14 Open: 3.4001 Close: 3.3858 Mid: 3.3967 | 15 Open: 3.3860 Close: 3.3801 Mid: 3.3838 | 16 |
17 | 18 Open: 3.4007 Close: 3.3764 Mid: 3.3873 | 19 Open: 3.3764 Close: 3.3882 Mid: 3.3780 | 20 Open: 3.3882 Close: 3.4046 Mid: 3.3901 | 21 Open: 3.4043 Close: 3.3995 Mid: 3.4037 | 22 Open: 3.3996 Close: 3.3794 Mid: 3.3977 | 23 |
24 | 25 Open: 3.3690 Close: 3.3897 Mid: 3.3869 | 26 Open: 3.3897 Close: 3.3793 Mid: 3.3937 | 27 Open: 3.3794 Close: 3.3746 Mid: 3.3836 | 28 Open: 3.3748 Close: 3.3565 Mid: 3.3663 | 29 Open: 3.3566 Close: 3.3565 Mid: 3.3573 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.3547 Close: 3.3451 Mid: 3.3500 | 2 Open: 3.3450 Close: 3.3738 Mid: 3.3623 | 3 Open: 3.3739 Close: 3.4142 Mid: 3.3941 | 4 Open: 3.4142 Close: 3.4211 Mid: 3.4240 | 5 Open: 3.4207 Close: 3.4079 Mid: 3.4177 | 6 | |
7 | 8 Open: 3.4079 Close: 3.4319 Mid: 3.4209 | 9 Open: 3.4394 Close: 3.4062 Mid: 3.4260 | 10 Open: 3.4061 Close: 3.3869 Mid: 3.4021 | 11 Open: 3.3868 Close: 3.3702 Mid: 3.3785 | 12 Open: 3.3700 Close: 3.3673 Mid: 3.3586 | 13 |
14 | 15 Open: 3.3576 Close: 3.3552 Mid: 3.3628 | 16 Open: 3.3552 Close: 3.3406 Mid: 3.3470 | 17 Open: 3.3406 Close: 3.3359 Mid: 3.3410 | 18 Open: 3.3432 Close: 3.3313 Mid: 3.3391 | 19 Open: 3.3313 Close: 3.3458 Mid: 3.3416 | 20 |
21 | 22 Open: 3.3379 Close: 3.3746 Mid: 3.3567 | 23 Open: 3.3746 Close: 3.3863 Mid: 3.3719 | 24 Open: 3.3863 Close: 3.3742 Mid: 3.3796 | 25 Open: 3.3742 Close: 3.3762 Mid: 3.3742 | 26 Open: 3.3762 Close: 3.3513 Mid: 3.3619 | 27 |
28 | 29 Open: 3.3566 Close: 3.3688 Mid: 3.3633 | 30 Open: 3.3686 Close: 3.3492 Mid: 3.3560 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.3492 Close: 3.3549 Mid: 3.3524 | 2 Open: 3.3549 Close: 3.3529 Mid: 3.3456 | 3 Open: 3.3529 Close: 3.3796 Mid: 3.3697 | 4 | |||
5 | 6 Open: 3.3801 Close: 3.3951 Mid: 3.3872 | 7 Open: 3.3948 Close: 3.3861 Mid: 3.3900 | 8 Open: 3.3788 Close: 3.3885 Mid: 3.3812 | 9 Open: 3.3884 Close: 3.3853 Mid: 3.3846 | 10 Open: 3.3853 Close: 3.3871 Mid: 3.3910 | 11 |
12 | 13 Open: 3.3743 Close: 3.4013 Mid: 3.3894 | 14 Open: 3.4011 Close: 3.3811 Mid: 3.3947 | 15 Open: 3.3810 Close: 3.4066 Mid: 3.3936 | 16 Open: 3.4065 Close: 3.3866 Mid: 3.3924 | 17 Open: 3.3866 Close: 3.3841 Mid: 3.3803 | 18 |
19 | 20 Open: 3.3747 Close: 3.3757 Mid: 3.3739 | 21 Open: 3.3757 Close: 3.4137 Mid: 3.3943 | 22 Open: 3.4137 Close: 3.4073 Mid: 3.4076 | 23 Open: 3.4073 Close: 3.4299 Mid: 3.4237 | 24 Open: 3.4299 Close: 3.4648 Mid: 3.4524 | 25 |
26 | 27 Open: 3.4614 Close: 3.4840 Mid: 3.4679 | 28 Open: 3.4841 Close: 3.4818 Mid: 3.4881 | 29 Open: 3.4818 Close: 3.4790 Mid: 3.4865 | 30 Open: 3.4790 Close: 3.4767 Mid: 3.4830 | 31 Open: 3.4767 Close: 3.5071 Mid: 3.4960 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 3.5044 Close: 3.5037 Mid: 3.5054 | 4 Open: 3.5036 Close: 3.4682 Mid: 3.4776 | 5 Open: 3.4682 Close: 3.4583 Mid: 3.4673 | 6 Open: 3.4583 Close: 3.4513 Mid: 3.4534 | 7 Open: 3.4514 Close: 3.4420 Mid: 3.4450 | 8 |
9 | 10 Open: 3.4447 Close: 3.4533 Mid: 3.4382 | 11 Open: 3.4533 Close: 3.4351 Mid: 3.4387 | 12 Open: 3.4350 Close: 3.4635 Mid: 3.4552 | 13 Open: 3.4635 Close: 3.4504 Mid: 3.4555 | 14 Open: 3.4504 Close: 3.4338 Mid: 3.4416 | 15 |
16 | 17 Open: 3.4300 Close: 3.4552 Mid: 3.4377 | 18 Open: 3.4551 Close: 3.4656 Mid: 3.4579 | 19 Open: 3.4656 Close: 3.4670 Mid: 3.4689 | 20 Open: 3.4670 Close: 3.4821 Mid: 3.4814 | 21 Open: 3.4821 Close: 3.4793 Mid: 3.4746 | 22 |
23 | 24 Open: 3.4818 Close: 3.4779 Mid: 3.4728 | 25 Open: 3.4779 Close: 3.4610 Mid: 3.4681 | 26 Open: 3.4610 Close: 3.4568 Mid: 3.4602 | 27 Open: 3.4568 Close: 3.4589 Mid: 3.4623 | 28 Open: 3.4595 Close: 3.4356 Mid: 3.4498 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4449 Close: 3.4493 Mid: 3.4511 | 2 Open: 3.4493 Close: 3.4496 Mid: 3.4456 | 3 Open: 3.4496 Close: 3.4727 Mid: 3.4631 | 4 Open: 3.4727 Close: 3.4641 Mid: 3.4710 | 5 Open: 3.4641 Close: 3.4584 Mid: 3.4612 | 6 | |
7 | 8 Open: 3.4476 Close: 3.4375 Mid: 3.4466 | 9 Open: 3.4395 Close: 3.4384 Mid: 3.4341 | 10 Open: 3.4383 Close: 3.3928 Mid: 3.4149 | 11 Open: 3.3928 Close: 3.3681 Mid: 3.3714 | 12 Open: 3.3685 Close: 3.3663 Mid: 3.3664 | 13 |
14 | 15 Open: 3.3703 Close: 3.3447 Mid: 3.3604 | 16 Open: 3.3447 Close: 3.3349 Mid: 3.3406 | 17 Open: 3.3349 Close: 3.3555 Mid: 3.3368 | 18 Open: 3.3555 Close: 3.3445 Mid: 3.3464 | 19 Open: 3.3447 Close: 3.3336 Mid: 3.3385 | 20 |
21 | 22 Open: 3.3324 Close: 3.3093 Mid: 3.3176 | 23 Open: 3.3093 Close: 3.2847 Mid: 3.2930 | 24 Open: 3.2847 Close: 3.2730 Mid: 3.2733 | 25 Open: 3.2730 Close: 3.2855 Mid: 3.2708 | 26 Open: 3.2855 Close: 3.2639 Mid: 3.2845 | 27 |
28 | 29 Open: 3.2686 Close: 3.2722 Mid: 3.2683 | 30 Open: 3.2722 Close: 3.2708 Mid: 3.2701 | 31 Open: 3.2780 Close: 3.2609 Mid: 3.2718 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.2605 Close: 3.2469 Mid: 3.2583 | 2 Open: 3.2468 Close: 3.2251 Mid: 3.2294 | 3 | ||||
4 | 5 Open: 3.2282 Close: 3.2097 Mid: 3.2037 | 6 Open: 3.2097 Close: 3.2460 Mid: 3.2392 | 7 Open: 3.2461 Close: 3.2951 Mid: 3.2785 | 8 Open: 3.2953 Close: 3.2478 Mid: 3.2716 | 9 Open: 3.2479 Close: 3.2637 Mid: 3.2522 | 10 |
11 | 12 Open: 3.2507 Close: 3.2541 Mid: 3.2633 | 13 Open: 3.2541 Close: 3.2595 Mid: 3.2522 | 14 Open: 3.2595 Close: 3.2730 Mid: 3.2691 | 15 Open: 3.2730 Close: 3.2643 Mid: 3.2703 | 16 Open: 3.2643 Close: 3.2492 Mid: 3.2537 | 17 |
18 | 19 Open: 3.2494 Close: 3.2616 Mid: 3.2463 | 20 Open: 3.2616 Close: 3.2536 Mid: 3.2546 | 21 Open: 3.2608 Close: 3.2576 Mid: 3.2547 | 22 Open: 3.2576 Close: 3.2568 Mid: 3.2590 | 23 Open: 3.2568 Close: 3.2406 Mid: 3.2414 | 24 |
25 | 26 Open: 3.2288 Close: 3.2214 Mid: 3.2311 | 27 Open: 3.2215 Close: 3.2438 Mid: 3.2347 | 28 Open: 3.2438 Close: 3.2402 Mid: 3.2356 | 29 Open: 3.2402 Close: 3.2318 Mid: 3.2358 | 30 Open: 3.2319 Close: 3.2093 Mid: 3.2189 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 3.2189 Close: 3.2270 Mid: 3.2245 | 3 Open: 3.2342 Close: 3.2031 Mid: 3.2180 | 4 Open: 3.2033 Close: 3.1965 Mid: 3.1974 | 5 Open: 3.1967 Close: 3.1619 Mid: 3.1787 | 6 Open: 3.1618 Close: 3.1481 Mid: 3.1513 | 7 |
8 | 9 Open: 3.1465 Close: 3.1265 Mid: 3.1420 | 10 Open: 3.1265 Close: 3.1028 Mid: 3.1216 | 11 Open: 3.1028 Close: 3.1090 Mid: 3.1098 | 12 Open: 3.1090 Close: 3.1209 Mid: 3.1168 | 13 Open: 3.1209 Close: 3.1161 Mid: 3.1195 | 14 |
15 | 16 Open: 3.1163 Close: 3.1442 Mid: 3.1320 | 17 Open: 3.1442 Close: 3.1431 Mid: 3.1442 | 18 Open: 3.1432 Close: 3.1443 Mid: 3.1475 | 19 Open: 3.1444 Close: 3.1571 Mid: 3.1581 | 20 Open: 3.1571 Close: 3.1355 Mid: 3.1412 | 21 |
22 | 23 Open: 3.1364 Close: 3.1356 Mid: 3.1395 | 24 Open: 3.1358 Close: 3.1387 Mid: 3.1401 | 25 Open: 3.1387 Close: 3.0955 Mid: 3.1176 | 26 Open: 3.0955 Close: 3.0721 Mid: 3.0813 | 27 Open: 3.0723 Close: 3.0841 Mid: 3.0798 | 28 |
29 | 30 Open: 3.0794 Close: 3.0693 Mid: 3.0711 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.0693 Close: 3.0644 Mid: 3.0732 | 2 Open: 3.0644 Close: 3.1092 Mid: 3.0906 | 3 Open: 3.1092 Close: 3.1239 Mid: 3.1207 | 4 Open: 3.1239 Close: 3.1251 Mid: 3.1165 | 5 | ||
6 | 7 Open: 3.1193 Close: 3.1462 Mid: 3.1390 | 8 Open: 3.1462 Close: 3.1369 Mid: 3.1389 | 9 Open: 3.1369 Close: 3.1086 Mid: 3.1144 | 10 Open: 3.1087 Close: 3.1177 Mid: 3.1069 | 11 Open: 3.1172 Close: 3.0978 Mid: 3.1037 | 12 |
13 | 14 Open: 3.0852 Close: 3.0851 Mid: 3.0923 | 15 Open: 3.0850 Close: 3.0745 Mid: 3.0819 | 16 Open: 3.0746 Close: 3.0464 Mid: 3.0671 | 17 Open: 3.0393 Close: 3.0395 Mid: 3.0381 | 18 Open: 3.0395 Close: 3.0302 Mid: 3.0389 | 19 |
20 | 21 Open: 3.0300 Close: 3.0583 Mid: 3.0490 | 22 Open: 3.0583 Close: 3.0684 Mid: 3.0656 | 23 Open: 3.0684 Close: 3.0770 Mid: 3.0677 | 24 Open: 3.0770 Close: 3.0784 Mid: 3.0754 | 25 Open: 3.0784 Close: 3.0733 Mid: 3.0844 | 26 |
27 | 28 Open: 3.0804 Close: 3.0698 Mid: 3.0739 | 29 Open: 3.0698 Close: 3.0701 Mid: 3.0749 | 30 Open: 3.0702 Close: 3.0820 Mid: 3.0758 | 31 Open: 3.0820 Close: 3.0723 Mid: 3.0720 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.0723 Close: 3.0715 Mid: 3.0741 | 2 | |||||
3 | 4 Open: 3.0811 Close: 3.0650 Mid: 3.0753 | 5 Open: 3.0650 Close: 3.0660 Mid: 3.0643 | 6 Open: 3.0660 Close: 3.1053 Mid: 3.0763 | 7 Open: 3.1052 Close: 3.1257 Mid: 3.1214 | 8 Open: 3.1256 Close: 3.1098 Mid: 3.1142 | 9 |
10 | 11 Open: 3.1075 Close: 3.1278 Mid: 3.1172 | 12 Open: 3.1277 Close: 3.1443 Mid: 3.1452 | 13 Open: 3.1443 Close: 3.1370 Mid: 3.1366 | 14 Open: 3.1370 Close: 3.1365 Mid: 3.1500 | 15 Open: 3.1365 Close: 3.1377 Mid: 3.1371 | 16 |
17 | 18 Open: 3.1298 Close: 3.1410 Mid: 3.1378 | 19 Open: 3.1410 Close: 3.1455 Mid: 3.1435 | 20 Open: 3.1455 Close: 3.1297 Mid: 3.1447 | 21 Open: 3.1297 Close: 3.1350 Mid: 3.1360 | 22 Open: 3.1351 Close: 3.1144 Mid: 3.1225 | 23 |
24 | 25 Open: 3.1155 Close: 3.1211 Mid: 3.1216 | 26 Open: 3.1211 Close: 3.1083 Mid: 3.1147 | 27 Open: 3.1083 Close: 3.1223 Mid: 3.1142 | 28 Open: 3.1223 Close: 3.1199 Mid: 3.1170 | 29 Open: 3.1199 Close: 3.1066 Mid: 3.1033 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 3.1121 Close: 3.1105 Mid: 3.1045 | 3 Open: 3.1105 Close: 3.1017 Mid: 3.1081 | 4 Open: 3.1017 Close: 3.0979 Mid: 3.1039 | 5 Open: 3.0978 Close: 3.0891 Mid: 3.0895 | 6 Open: 3.0891 Close: 3.0531 Mid: 3.0661 | 7 |
8 | 9 Open: 3.0555 Close: 3.0385 Mid: 3.0446 | 10 Open: 3.0385 Close: 3.0259 Mid: 3.0293 | 11 Open: 3.0259 Close: 3.0393 Mid: 3.0285 | 12 Open: 3.0392 Close: 3.0428 Mid: 3.0458 | 13 Open: 3.0428 Close: 3.0653 Mid: 3.0553 | 14 |
15 | 16 Open: 3.0623 Close: 3.0532 Mid: 3.0599 | 17 Open: 3.0533 Close: 3.0564 Mid: 3.0534 | 18 Open: 3.0495 Close: 3.0307 Mid: 3.0472 | 19 Open: 3.0306 Close: 3.0191 Mid: 3.0355 | 20 Open: 3.0192 Close: 3.0217 Mid: 3.0162 | 21 |
22 | 23 Open: 3.0246 Close: 3.0207 Mid: 3.0183 | 24 Open: 3.0208 Close: 3.0087 Mid: 3.0063 | 25 Open: 3.0208 Close: 3.0087 Mid: 3.0063 | 26 Open: 3.0208 Close: 3.0087 Mid: 3.0063 | 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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