Best British Pound / Czech Koruna Exchange Rate Today: 30.2770
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 30.1862, and the most competitive travel money / cash rates start at approximately 29.6177.
Live rate: 1 GBP = 30.2770 CZK (-0.16% )
Inverted: 1 CZK = 0.0330 GBP
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 | 30.2770 | 0 | 29.9742 | |||
30.1862 (indicative) | 0 | 30.1862 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | ||
30.0651 (indicative) | 0 | 30.0651 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | ||
30.2770 | 0.48% | 30.1317 | 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. | ||
29.6177 | 0 | 29.6177 | 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. | ||
29.5540 | 0 | 29.5540 | Best Branch Collection | Also offer delivery and cash buyback services. Home delivery orders of £5 and above are accepted, for branch collection the minimum is £500. One of the highest rated companies we survey according to independent rating review providers. | ||
28.2680 | 0 | 28.2680 | Holiday FX, Cash Delivery | Covent Garden FX is a family-owned and operated Bureau De Change located in the heart of Central London. Established for over 20 years, we offer extremely competitive exchange rates with no commission and no fees. | ||
Best Bank Rate | 29.4292 (upper range) | Variable | 29.4292 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 29.2173 (lower range) | Variable | 29.2173 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal | 28.9145 | 0 | 28.9145 | International Payments and Transfers |
GBP/CZK Live Chart and Data
« | » |
January - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 28.4800 Close: 28.4800 Mid: 28.4800 | 2 Open: 28.4830 Close: 28.4610 Mid: 28.4875 | 3 Open: 28.4600 Close: 28.5810 Mid: 28.5135 | 4 Open: 28.5840 Close: 28.5910 Mid: 28.5835 | 5 Open: 28.6040 Close: 28.6060 Mid: 28.5500 | 6 | |
7 | 8 Open: 28.6660 Close: 28.5420 Mid: 28.5365 | 9 Open: 28.5410 Close: 28.5950 Mid: 28.5700 | 10 Open: 28.5900 Close: 28.5520 Mid: 28.5705 | 11 Open: 28.5510 Close: 28.7080 Mid: 28.6375 | 12 Open: 28.7080 Close: 28.7060 Mid: 28.7175 | 13 |
14 | 15 Open: 28.6790 Close: 28.6990 Mid: 28.7000 | 16 Open: 28.7010 Close: 28.7430 Mid: 28.7175 | 17 Open: 28.7530 Close: 28.8210 Mid: 28.8090 | 18 Open: 28.8160 Close: 28.9950 Mid: 28.8920 | 19 Open: 28.9770 Close: 28.8800 Mid: 28.9085 | 20 |
21 | 22 Open: 28.8670 Close: 28.9280 Mid: 28.9055 | 23 Open: 28.9320 Close: 29.0910 Mid: 29.0075 | 24 Open: 29.0760 Close: 29.0360 Mid: 29.0410 | 25 Open: 29.0480 Close: 28.9780 Mid: 28.9875 | 26 Open: 28.9790 Close: 28.9810 Mid: 29.0205 | 27 |
28 | 29 Open: 28.9830 Close: 29.1450 Mid: 29.0800 | 30 Open: 29.1440 Close: 28.9910 Mid: 29.0650 | 31 Open: 28.9980 Close: 29.1110 Mid: 29.0865 |
February - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 29.1160 Close: 29.1290 Mid: 29.1410 | 2 Open: 29.1290 Close: 29.1970 Mid: 29.2010 | 3 | ||||
4 | 5 Open: 29.2240 Close: 29.1420 Mid: 29.2035 | 6 Open: 29.1250 Close: 29.1970 Mid: 29.1655 | 7 Open: 29.1960 Close: 29.2560 Mid: 29.2455 | 8 Open: 29.2570 Close: 29.5530 Mid: 29.3870 | 9 Open: 29.5520 Close: 29.5640 Mid: 29.5140 | 10 |
11 | 12 Open: 29.5170 Close: 29.6220 Mid: 29.5695 | 13 Open: 29.6080 Close: 29.8420 Mid: 29.7045 | 14 Open: 29.8180 Close: 29.7420 Mid: 29.7700 | 15 Open: 29.7440 Close: 29.6230 Mid: 29.7225 | 16 Open: 29.6500 Close: 29.7490 Mid: 29.7075 | 17 |
18 | 19 Open: 29.7610 Close: 29.7750 Mid: 29.7915 | 20 Open: 29.7750 Close: 29.6350 Mid: 29.7030 | 21 Open: 29.6520 Close: 29.5790 Mid: 29.6080 | 22 Open: 29.5760 Close: 29.6690 Mid: 29.5735 | 23 Open: 29.6700 Close: 29.6770 Mid: 29.6935 | 24 |
25 | 26 Open: 29.6870 Close: 29.6530 Mid: 29.6555 | 27 Open: 29.6670 Close: 29.6170 Mid: 29.6135 | 28 Open: 29.6180 Close: 29.5410 Mid: 29.5975 | 29 Open: 29.5580 Close: 29.5980 Mid: 29.5850 |
March - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 29.6020 Close: 29.5940 Mid: 29.5840 | 2 | |||||
3 | 4 Open: 29.5890 Close: 29.6630 Mid: 29.6325 | 5 Open: 29.6620 Close: 29.6450 Mid: 29.6685 | 6 Open: 29.6470 Close: 29.6340 Mid: 29.6535 | 7 Open: 29.6340 Close: 29.6650 Mid: 29.6880 | 8 Open: 29.6650 Close: 29.7660 Mid: 29.7305 | 9 |
10 | 11 Open: 29.7460 Close: 29.6990 Mid: 29.6965 | 12 Open: 29.6990 Close: 29.6080 Mid: 29.6350 | 13 Open: 29.6090 Close: 29.5240 Mid: 29.5690 | 14 Open: 29.5240 Close: 29.5310 Mid: 29.5150 | 15 Open: 29.5310 Close: 29.4090 Mid: 29.4620 | 16 |
17 | 18 Open: 29.3970 Close: 29.5390 Mid: 29.4520 | 19 Open: 29.5400 Close: 29.5870 Mid: 29.5495 | 20 Open: 29.5880 Close: 29.5050 Mid: 29.5695 | 21 Open: 29.5060 Close: 29.5160 Mid: 29.5215 | 22 Open: 29.5160 Close: 29.5560 Mid: 29.5345 | 23 |
24 | 25 Open: 29.5340 Close: 29.4900 Mid: 29.5280 | 26 Open: 29.4900 Close: 29.4890 Mid: 29.4640 | 27 Open: 29.4890 Close: 29.5580 Mid: 29.5310 | 28 Open: 29.5590 Close: 29.6080 Mid: 29.5930 | 29 Open: 29.6080 Close: 29.5470 Mid: 29.5745 | 30 |
31 |
April - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 29.5870 Close: 29.5360 Mid: 29.5680 | 2 Open: 29.5360 Close: 29.5530 Mid: 29.5815 | 3 Open: 29.5530 Close: 29.5730 Mid: 29.5525 | 4 Open: 29.5720 Close: 29.5400 Mid: 29.5265 | 5 Open: 29.5400 Close: 29.5180 Mid: 29.4915 | 6 | |
7 | 8 Open: 29.4890 Close: 29.5420 Mid: 29.5225 | 9 Open: 29.5410 Close: 29.6800 Mid: 29.6170 | 10 Open: 29.6810 Close: 29.6860 Mid: 29.6780 | 11 Open: 29.6860 Close: 29.6930 Mid: 29.6845 | 12 Open: 29.6930 Close: 29.6330 Mid: 29.6850 | 13 |
14 | 15 Open: 29.6700 Close: 29.6320 Mid: 29.6700 | 16 Open: 29.6320 Close: 29.4830 Mid: 29.5660 | 17 Open: 29.4830 Close: 29.4770 Mid: 29.5190 | 18 Open: 29.4760 Close: 29.5400 Mid: 29.5160 | 19 Open: 29.5400 Close: 29.3140 Mid: 29.4375 | 20 |
21 | 22 Open: 29.3280 Close: 29.2970 Mid: 29.2930 | 23 Open: 29.2970 Close: 29.3370 Mid: 29.3250 | 24 Open: 29.3380 Close: 29.4120 Mid: 29.3590 | 25 Open: 29.4110 Close: 29.3180 Mid: 29.3775 | 26 Open: 29.3190 Close: 29.3390 Mid: 29.3400 | 27 |
28 | 29 Open: 29.3620 Close: 29.4620 Mid: 29.4140 | 30 Open: 29.4610 Close: 29.4600 Mid: 29.4390 |
May - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 29.4590 Close: 29.3430 Mid: 29.4015 | 2 Open: 29.3430 Close: 29.1670 Mid: 29.2855 | 3 Open: 29.1660 Close: 29.1930 Mid: 29.2110 | 4 | |||
5 | 6 Open: 29.1960 Close: 29.1670 Mid: 29.2165 | 7 Open: 29.1680 Close: 29.1140 Mid: 29.1470 | 8 Open: 29.1140 Close: 29.0810 Mid: 29.0705 | 9 Open: 29.0810 Close: 28.9640 Mid: 29.0170 | 10 Open: 28.9640 Close: 28.9820 Mid: 28.9770 | 11 |
12 | 13 Open: 28.9890 Close: 28.8770 Mid: 28.8925 | 14 Open: 28.8770 Close: 28.8760 Mid: 28.8185 | 15 Open: 28.8760 Close: 28.8220 Mid: 28.8405 | 16 Open: 28.8240 Close: 28.8090 Mid: 28.7880 | 17 Open: 28.8080 Close: 28.8540 Mid: 28.8155 | 18 |
19 | 20 Open: 28.8390 Close: 28.9250 Mid: 28.8835 | 21 Open: 28.9260 Close: 28.9590 Mid: 28.9080 | 22 Open: 28.9590 Close: 29.0510 Mid: 29.0270 | 23 Open: 29.0500 Close: 29.0370 Mid: 29.0390 | 24 Open: 29.0370 Close: 28.9330 Mid: 28.9840 | 25 |
26 | 27 Open: 28.9250 Close: 29.0290 Mid: 29.0040 | 28 Open: 29.0290 Close: 28.9880 Mid: 28.9930 | 29 Open: 28.9880 Close: 29.0890 Mid: 29.0420 | 30 Open: 29.0880 Close: 29.0680 Mid: 29.0830 | 31 Open: 29.0680 Close: 28.9910 Mid: 29.0195 |
June - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 28.9720 Close: 28.9710 Mid: 28.9975 | 4 Open: 28.9700 Close: 29.0130 Mid: 29.0300 | 5 Open: 29.0120 Close: 28.9770 Mid: 28.9730 | 6 Open: 28.9780 Close: 28.8430 Mid: 28.9065 | 7 Open: 28.8420 Close: 29.0160 Mid: 28.9180 | 8 |
9 | 10 Open: 29.0630 Close: 29.1260 Mid: 29.1335 | 11 Open: 29.1260 Close: 29.3280 Mid: 29.2470 | 12 Open: 29.3280 Close: 29.1960 Mid: 29.2570 | 13 Open: 29.1960 Close: 29.3750 Mid: 29.2810 | 14 Open: 29.3750 Close: 29.3220 Mid: 29.3865 | 15 |
16 | 17 Open: 29.3300 Close: 29.2500 Mid: 29.2505 | 18 Open: 29.2510 Close: 29.3850 Mid: 29.3000 | 19 Open: 29.3860 Close: 29.4850 Mid: 29.4560 | 20 Open: 29.4850 Close: 29.4520 Mid: 29.4720 | 21 Open: 29.4530 Close: 29.4800 Mid: 29.4825 | 22 |
23 | 24 Open: 29.4830 Close: 29.4090 Mid: 29.4355 | 25 Open: 29.4100 Close: 29.3950 Mid: 29.3965 | 26 Open: 29.3940 Close: 29.4420 Mid: 29.4670 | 27 Open: 29.4420 Close: 29.6000 Mid: 29.5520 | 28 Open: 29.6010 Close: 29.5530 Mid: 29.5740 | 29 |
30 |
July - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 29.6160 Close: 29.6320 Mid: 29.5465 | 2 Open: 29.6320 Close: 29.6980 Mid: 29.6850 | 3 Open: 29.6980 Close: 29.7100 Mid: 29.6750 | 4 Open: 29.7100 Close: 29.6550 Mid: 29.6950 | 5 Open: 29.6550 Close: 29.7210 Mid: 29.7355 | 6 | |
7 | 8 Open: 29.7740 Close: 29.7960 Mid: 29.7775 | 9 Open: 29.7970 Close: 29.8950 Mid: 29.8475 | 10 Open: 29.8950 Close: 30.1350 Mid: 30.0075 | 11 Open: 30.1350 Close: 30.1580 Mid: 30.1280 | 12 Open: 30.1580 Close: 30.1650 Mid: 30.1470 | 13 |
14 | 15 Open: 30.1860 Close: 30.2040 Mid: 30.2085 | 16 Open: 30.2040 Close: 30.1520 Mid: 30.1705 | 17 Open: 30.1530 Close: 30.0510 Mid: 30.1230 | 18 Open: 30.0510 Close: 30.0160 Mid: 30.0265 | 19 Open: 30.0170 Close: 29.9320 Mid: 29.9735 | 20 |
21 | 22 Open: 29.9590 Close: 29.9920 Mid: 29.9580 | 23 Open: 29.9910 Close: 30.1990 Mid: 30.1260 | 24 Open: 30.1990 Close: 30.2610 Mid: 30.2445 | 25 Open: 30.2610 Close: 30.0710 Mid: 30.1710 | 26 Open: 30.0700 Close: 30.0500 Mid: 30.0485 | 27 |
28 | 29 Open: 29.9980 Close: 30.1990 Mid: 30.0890 | 30 Open: 30.2000 Close: 30.1750 Mid: 30.1820 | 31 Open: 30.1750 Close: 30.1840 Mid: 30.1710 |
August - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 30.1840 Close: 29.8860 Mid: 30.0630 | 2 Open: 29.8860 Close: 29.7430 Mid: 29.7695 | 3 | ||||
4 | 5 Open: 29.6510 Close: 29.5060 Mid: 29.5225 | 6 Open: 29.5070 Close: 29.3480 Mid: 29.4570 | 7 Open: 29.3480 Close: 29.3670 Mid: 29.4090 | 8 Open: 29.3670 Close: 29.5110 Mid: 29.4035 | 9 Open: 29.5100 Close: 29.5050 Mid: 29.4735 | 10 |
11 | 12 Open: 29.5330 Close: 29.4110 Mid: 29.4555 | 13 Open: 29.4110 Close: 29.4620 Mid: 29.4660 | 14 Open: 29.4630 Close: 29.2890 Mid: 29.3675 | 15 Open: 29.2880 Close: 29.5660 Mid: 29.4245 | 16 Open: 29.5650 Close: 29.5660 Mid: 29.6040 | 17 |
18 | 19 Open: 29.5350 Close: 29.4810 Mid: 29.5390 | 20 Open: 29.4810 Close: 29.4390 Mid: 29.4930 | 21 Open: 29.4390 Close: 29.4320 Mid: 29.4200 | 22 Open: 29.4330 Close: 29.5570 Mid: 29.4945 | 23 Open: 29.5560 Close: 29.5680 Mid: 29.5845 | 24 |
25 | 26 Open: 29.5370 Close: 29.5950 Mid: 29.5725 | 27 Open: 29.5940 Close: 29.6720 Mid: 29.6205 | 28 Open: 29.6710 Close: 29.7180 Mid: 29.7250 | 29 Open: 29.7190 Close: 29.7720 Mid: 29.7820 | 30 Open: 29.7720 Close: 29.7480 Mid: 29.7595 | 31 |
September - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 29.7580 Close: 29.7230 Mid: 29.7245 | 3 Open: 29.7240 Close: 29.8290 Mid: 29.7595 | 4 Open: 29.8280 Close: 29.7200 Mid: 29.7620 | 5 Open: 29.7200 Close: 29.7000 Mid: 29.6975 | 6 Open: 29.6990 Close: 29.6520 Mid: 29.7105 | 7 |
8 | 9 Open: 29.6360 Close: 29.6750 Mid: 29.6620 | 10 Open: 29.6750 Close: 29.7630 Mid: 29.7095 | 11 Open: 29.7620 Close: 29.7120 Mid: 29.7035 | 12 Open: 29.7120 Close: 29.7740 Mid: 29.7415 | 13 Open: 29.7730 Close: 29.7820 Mid: 29.7970 | 14 |
15 | 16 Open: 29.7790 Close: 29.8710 Mid: 29.8210 | 17 Open: 29.8700 Close: 29.7290 Mid: 29.7875 | 18 Open: 29.7290 Close: 29.7920 Mid: 29.7520 | 19 Open: 29.7930 Close: 29.8670 Mid: 29.8370 | 20 Open: 29.8670 Close: 29.9130 Mid: 29.8915 | 21 |
22 | 23 Open: 29.9040 Close: 30.1960 Mid: 30.0415 | 24 Open: 30.1960 Close: 30.0950 Mid: 30.1600 | 25 Open: 30.0950 Close: 30.1110 Mid: 30.0645 | 26 Open: 30.1110 Close: 30.1760 Mid: 30.1325 | 27 Open: 30.1760 Close: 30.1080 Mid: 30.1645 | 28 |
29 | 30 Open: 30.1190 Close: 30.2880 Mid: 30.2135 |
October - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 30.2880 Close: 30.3570 Mid: 30.3515 | 2 Open: 30.3570 Close: 30.4320 Mid: 30.3855 | 3 Open: 30.4320 Close: 30.1330 Mid: 30.2665 | 4 Open: 30.1330 Close: 30.3010 Mid: 30.2300 | 5 | ||
6 | 7 Open: 30.2990 Close: 30.2380 Mid: 30.2445 | 8 Open: 30.2370 Close: 30.2140 Mid: 30.2060 | 9 Open: 30.2140 Close: 30.2790 Mid: 30.2460 | 10 Open: 30.2790 Close: 30.2600 Mid: 30.2590 | 11 Open: 30.2600 Close: 30.2250 Mid: 30.2395 | 12 |
13 | 14 Open: 30.2430 Close: 30.2330 Mid: 30.2150 | 15 Open: 30.2330 Close: 30.2850 Mid: 30.2545 | 16 Open: 30.2850 Close: 30.2410 Mid: 30.2155 | 17 Open: 30.2410 Close: 30.3140 Mid: 30.2745 | 18 Open: 30.3140 Close: 30.2950 Mid: 30.3165 | 19 |
20 | 21 Open: 30.3310 Close: 30.3450 Mid: 30.3225 | 22 Open: 30.3450 Close: 30.3220 Mid: 30.3120 | 23 Open: 30.3210 Close: 30.2730 Mid: 30.3295 | 24 Open: 30.2730 Close: 30.2090 Mid: 30.2745 | 25 Open: 30.2090 Close: 30.3640 Mid: 30.2805 | 26 |
27 | 28 Open: 30.3900 Close: 30.4270 Mid: 30.4135 | 29 Open: 30.4280 Close: 30.5040 Mid: 30.4905 | 30 Open: 30.5040 Close: 30.3010 Mid: 30.4040 | 31 Open: 30.3010 Close: 30.0100 Mid: 30.1710 |
November - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 30.0100 Close: 30.2080 Mid: 30.1235 | 2 | |||||
3 | 4 Open: 30.2000 Close: 30.1760 Mid: 30.1370 | 5 Open: 30.1760 Close: 30.2150 Mid: 30.2065 | 6 Open: 30.2150 Close: 30.4290 Mid: 30.3615 | 7 Open: 30.4290 Close: 30.3600 Mid: 30.4165 | 8 Open: 30.3590 Close: 30.4300 Mid: 30.3755 | 9 |
10 | 11 Open: 30.4240 Close: 30.6010 Mid: 30.5455 | 12 Open: 30.6010 Close: 30.4610 Mid: 30.5755 | 13 Open: 30.4600 Close: 30.4180 Mid: 30.3935 | 14 Open: 30.4180 Close: 30.4250 Mid: 30.4140 | 15 Open: 30.4250 Close: 30.2460 Mid: 30.3210 | 16 |
17 | 18 Open: 30.3100 Close: 30.2550 Mid: 30.2505 | 19 Open: 30.2550 Close: 30.2660 Mid: 30.2755 | 20 Open: 30.2660 Close: 30.3400 Mid: 30.3420 | 21 Open: 30.3400 Close: 30.4690 Mid: 30.4225 | 22 Open: 30.4680 Close: 30.4820 Mid: 30.5520 | 23 |
24 | 25 Open: 30.4390 Close: 30.2970 Mid: 30.3730 | 26 Open: 30.2970 Close: 30.2860 Mid: 30.2925 | 27 Open: 30.2860 Close: 30.3150 Mid: 30.2920 | 28 Open: 30.3150 Close: 30.3700 Mid: 30.3495 | 29 Open: 30.3700 Close: 30.4250 Mid: 30.3830 | 30 |
December - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 30.4110 Close: 30.4240 Mid: 30.4760 | 3 Open: 30.4240 Close: 30.3420 Mid: 30.3620 | 4 Open: 30.3420 Close: 30.4130 Mid: 30.3665 | 5 Open: 30.4130 Close: 30.2280 Mid: 30.3205 | 6 Open: 30.2280 Close: 30.2600 Mid: 30.2735 | 7 |
8 | 9 Open: 30.2770 Close: 30.3160 Mid: 30.2995 | 10 Open: 30.3160 Close: 30.4310 Mid: 30.3700 | 11 Open: 30.4310 Close: 30.4650 Mid: 30.4715 | 12 Open: 30.4670 Close: 30.3400 Mid: 30.3980 | 13 Open: 30.3400 Close: 30.0580 Mid: 30.2035 | 14 |
15 | 16 Open: 30.1110 Close: 30.2040 Mid: 30.1540 | 17 Open: 30.2040 Close: 30.3860 Mid: 30.3015 | 18 Open: 30.3850 Close: 30.5180 Mid: 30.4160 | 19 Open: 30.5180 Close: 30.3270 Mid: 30.4345 | 20 Open: 30.3260 Close: 30.2770 Mid: 30.2890 | 21 |
22 | 23 | 24 | 25 | 26 | 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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