Best British Pound / East Caribbean Dollar Exchange Rate Today: 3.3967
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 3.3865, and the most competitive travel money / cash rates start at approximately 3.1605.
Live rate: 1 GBP = 3.3967 XCD (+0.54% )
Inverted: 1 XCD = 0.2944 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 | 3.3967 | 0 | 3.3627 | |||
 | 3.3865 (indicative) | 0 | 3.3865 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 3.3729 (indicative) | 0 | 3.3729 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 3.3967 | 0.93% | 3.3651 | 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. | |
 | 3.1605 | 0 | 3.1605 | 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. | |
 | 3.2552 | 0 | 3.2552 | 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  | 3.3016 (upper range) | Variable | 3.3016 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 3.2778 (lower range) | Variable | 3.2778 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 3.2438 | 0 | 3.2438 | International Payments and Transfers |
GBP/XCD Live Chart and Data
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4403 Close: 3.4403 Mid: 3.4403 | 2 Open: 3.4404 Close: 3.4106 Mid: 3.4282 | 3 Open: 3.4105 Close: 3.4227 Mid: 3.4168 | 4 Open: 3.4226 Close: 3.4274 Mid: 3.4300 | 5 Open: 3.4274 Close: 3.4371 Mid: 3.4336 | 6 | |
7 | 8 Open: 3.4390 Close: 3.4456 Mid: 3.4379 | 9 Open: 3.4456 Close: 3.4349 Mid: 3.4398 | 10 Open: 3.4349 Close: 3.4434 Mid: 3.4366 | 11 Open: 3.4436 Close: 3.4492 Mid: 3.4426 | 12 Open: 3.4492 Close: 3.4457 Mid: 3.4465 | 13 |
14 | 15 Open: 3.4459 Close: 3.4399 Mid: 3.4431 | 16 Open: 3.4398 Close: 3.4148 Mid: 3.4260 | 17 Open: 3.4147 Close: 3.4265 Mid: 3.4174 | 18 Open: 3.4264 Close: 3.4340 Mid: 3.4276 | 19 Open: 3.4340 Close: 3.4330 Mid: 3.4296 | 20 |
21 | 22 Open: 3.4309 Close: 3.4344 Mid: 3.4349 | 23 Open: 3.4345 Close: 3.4290 Mid: 3.4319 | 24 Open: 3.4288 Close: 3.4382 Mid: 3.4395 | 25 Open: 3.4385 Close: 3.4348 Mid: 3.4357 | 26 Open: 3.4348 Close: 3.4327 Mid: 3.4365 | 27 |
28 | 29 Open: 3.4317 Close: 3.4349 Mid: 3.4304 | 30 Open: 3.4349 Close: 3.4318 Mid: 3.4283 | 31 Open: 3.4320 Close: 3.4278 Mid: 3.4334 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4282 Close: 3.4442 Mid: 3.4298 | 2 Open: 3.4441 Close: 3.4148 Mid: 3.4299 | 3 | ||||
4 | 5 Open: 3.4147 Close: 3.3878 Mid: 3.3997 | 6 Open: 3.3878 Close: 3.4048 Mid: 3.3964 | 7 Open: 3.4048 Close: 3.4126 Mid: 3.4099 | 8 Open: 3.4126 Close: 3.4103 Mid: 3.4077 | 9 Open: 3.4103 Close: 3.4135 Mid: 3.4107 | 10 |
11 | 12 Open: 3.4147 Close: 3.4126 Mid: 3.4125 | 13 Open: 3.4127 Close: 3.4028 Mid: 3.4130 | 14 Open: 3.4029 Close: 3.3958 Mid: 3.3982 | 15 Open: 3.3957 Close: 3.4050 Mid: 3.3977 | 16 Open: 3.4051 Close: 3.4055 Mid: 3.4025 | 17 |
18 | 19 Open: 3.4066 Close: 3.4048 Mid: 3.4068 | 20 Open: 3.4046 Close: 3.4107 Mid: 3.4109 | 21 Open: 3.4110 Close: 3.4149 Mid: 3.4109 | 22 Open: 3.4151 Close: 3.4216 Mid: 3.4213 | 23 Open: 3.4216 Close: 3.4243 Mid: 3.4257 | 24 |
25 | 26 Open: 3.4268 Close: 3.4279 Mid: 3.4261 | 27 Open: 3.4280 Close: 3.4284 Mid: 3.4268 | 28 Open: 3.4284 Close: 3.4217 Mid: 3.4206 | 29 Open: 3.4217 Close: 3.4117 Mid: 3.4176 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4117 Close: 3.4201 Mid: 3.4147 | 2 | |||||
3 | 4 Open: 3.4201 Close: 3.4297 Mid: 3.4262 | 5 Open: 3.4298 Close: 3.4334 Mid: 3.4325 | 6 Open: 3.4335 Close: 3.4404 Mid: 3.4388 | 7 Open: 3.4404 Close: 3.4616 Mid: 3.4507 | 8 Open: 3.4617 Close: 3.4745 Mid: 3.4708 | 9 |
10 | 11 Open: 3.4750 Close: 3.4627 Mid: 3.4675 | 12 Open: 3.4627 Close: 3.4577 Mid: 3.4561 | 13 Open: 3.4576 Close: 3.4585 Mid: 3.4575 | 14 Open: 3.4585 Close: 3.4464 Mid: 3.4532 | 15 Open: 3.4464 Close: 3.4420 Mid: 3.4435 | 16 |
17 | 18 Open: 3.4417 Close: 3.4396 Mid: 3.4411 | 19 Open: 3.4397 Close: 3.4378 Mid: 3.4327 | 20 Open: 3.4378 Close: 3.4554 Mid: 3.4421 | 21 Open: 3.4554 Close: 3.4202 Mid: 3.4393 | 22 Open: 3.4203 Close: 3.4052 Mid: 3.4125 | 23 |
24 | 25 Open: 3.4039 Close: 3.4151 Mid: 3.4110 | 26 Open: 3.4151 Close: 3.4126 Mid: 3.4173 | 27 Open: 3.4126 Close: 3.4161 Mid: 3.4121 | 28 Open: 3.4160 Close: 3.4114 Mid: 3.4101 | 29 Open: 3.4114 Close: 3.4120 Mid: 3.4125 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4122 Close: 3.3920 Mid: 3.4030 | 2 Open: 3.3920 Close: 3.3992 Mid: 3.3943 | 3 Open: 3.3992 Close: 3.4193 Mid: 3.4080 | 4 Open: 3.4193 Close: 3.4167 Mid: 3.4210 | 5 Open: 3.4166 Close: 3.4154 Mid: 3.4093 | 6 | |
7 | 8 Open: 3.4120 Close: 3.4199 Mid: 3.4157 | 9 Open: 3.4198 Close: 3.4263 Mid: 3.4264 | 10 Open: 3.4263 Close: 3.3891 Mid: 3.4086 | 11 Open: 3.3890 Close: 3.3926 Mid: 3.3900 | 12 Open: 3.3927 Close: 3.3645 Mid: 3.3768 | 13 |
14 | 15 Open: 3.3633 Close: 3.3634 Mid: 3.3692 | 16 Open: 3.3633 Close: 3.3582 Mid: 3.3623 | 17 Open: 3.3583 Close: 3.3659 Mid: 3.3641 | 18 Open: 3.3659 Close: 3.3609 Mid: 3.3670 | 19 Open: 3.3610 Close: 3.3433 Mid: 3.3556 | 20 |
21 | 22 Open: 3.3428 Close: 3.3381 Mid: 3.3368 | 23 Open: 3.3381 Close: 3.3645 Mid: 3.3501 | 24 Open: 3.3645 Close: 3.3683 Mid: 3.3637 | 25 Open: 3.3683 Close: 3.3815 Mid: 3.3754 | 26 Open: 3.3816 Close: 3.3764 Mid: 3.3763 | 27 |
28 | 29 Open: 3.4153 Close: 3.3948 Mid: 3.3952 | 30 Open: 3.3949 Close: 3.3760 Mid: 3.3857 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.3760 Close: 3.3859 Mid: 3.3794 | 2 Open: 3.3858 Close: 3.3879 Mid: 3.3809 | 3 Open: 3.3877 Close: 3.3913 Mid: 3.3965 | 4 | |||
5 | 6 Open: 3.3903 Close: 3.3950 Mid: 3.3962 | 7 Open: 3.3951 Close: 3.3804 Mid: 3.3879 | 8 Open: 3.3805 Close: 3.3772 Mid: 3.3758 | 9 Open: 3.3773 Close: 3.3847 Mid: 3.3757 | 10 Open: 3.3846 Close: 3.3850 Mid: 3.3844 | 11 |
12 | 13 Open: 3.3842 Close: 3.3941 Mid: 3.3897 | 14 Open: 3.3941 Close: 3.4028 Mid: 3.3932 | 15 Open: 3.4028 Close: 3.4282 Mid: 3.4147 | 16 Open: 3.4282 Close: 3.4241 Mid: 3.4249 | 17 Open: 3.4241 Close: 3.4326 Mid: 3.4264 | 18 |
19 | 20 Open: 3.4298 Close: 3.4339 Mid: 3.4338 | 21 Open: 3.4339 Close: 3.4346 Mid: 3.4353 | 22 Open: 3.4347 Close: 3.4370 Mid: 3.4405 | 23 Open: 3.4370 Close: 3.4314 Mid: 3.4364 | 24 Open: 3.4313 Close: 3.4422 Mid: 3.4369 | 25 |
26 | 27 Open: 3.4417 Close: 3.4509 Mid: 3.4472 | 28 Open: 3.4509 Close: 3.4488 Mid: 3.4530 | 29 Open: 3.4488 Close: 3.4325 Mid: 3.4416 | 30 Open: 3.4326 Close: 3.4409 Mid: 3.4360 | 31 Open: 3.4409 Close: 3.4438 Mid: 3.4408 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 3.4405 Close: 3.4608 Mid: 3.4465 | 4 Open: 3.4609 Close: 3.4510 Mid: 3.4549 | 5 Open: 3.4511 Close: 3.4562 Mid: 3.4535 | 6 Open: 3.4561 Close: 3.4569 Mid: 3.4562 | 7 Open: 3.4569 Close: 3.4380 Mid: 3.4492 | 8 |
9 | 10 Open: 3.4387 Close: 3.4406 Mid: 3.4357 | 11 Open: 3.4406 Close: 3.4428 Mid: 3.4409 | 12 Open: 3.4429 Close: 3.4587 Mid: 3.4578 | 13 Open: 3.4587 Close: 3.4494 Mid: 3.4515 | 14 Open: 3.4493 Close: 3.4285 Mid: 3.4357 | 15 |
16 | 17 Open: 3.4282 Close: 3.4335 Mid: 3.4282 | 18 Open: 3.4335 Close: 3.4345 Mid: 3.4306 | 19 Open: 3.4345 Close: 3.4376 Mid: 3.4375 | 20 Open: 3.4376 Close: 3.4209 Mid: 3.4296 | 21 Open: 3.4209 Close: 3.4172 Mid: 3.4180 | 22 |
23 | 24 Open: 3.4151 Close: 3.4284 Mid: 3.4226 | 25 Open: 3.4283 Close: 3.4286 Mid: 3.4289 | 26 Open: 3.4286 Close: 3.4108 Mid: 3.4196 | 27 Open: 3.4109 Close: 3.4163 Mid: 3.4159 | 28 Open: 3.4163 Close: 3.4171 Mid: 3.4158 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4149 Close: 3.4185 Mid: 3.4214 | 2 Open: 3.4185 Close: 3.4283 Mid: 3.4195 | 3 Open: 3.4282 Close: 3.4437 Mid: 3.4390 | 4 Open: 3.4438 Close: 3.4484 Mid: 3.4466 | 5 Open: 3.4484 Close: 3.4634 Mid: 3.4554 | 6 | |
7 | 8 Open: 3.4576 Close: 3.4612 Mid: 3.4644 | 9 Open: 3.4614 Close: 3.4560 Mid: 3.4592 | 10 Open: 3.4560 Close: 3.4722 Mid: 3.4639 | 11 Open: 3.4722 Close: 3.4897 Mid: 3.4843 | 12 Open: 3.4897 Close: 3.5098 Mid: 3.4988 | 13 |
14 | 15 Open: 3.5032 Close: 3.5047 Mid: 3.5070 | 16 Open: 3.5047 Close: 3.5064 Mid: 3.5027 | 17 Open: 3.5064 Close: 3.5157 Mid: 3.5145 | 18 Open: 3.5158 Close: 3.4983 Mid: 3.5070 | 19 Open: 3.4982 Close: 3.4894 Mid: 3.4937 | 20 |
21 | 22 Open: 3.4914 Close: 3.4946 Mid: 3.4925 | 23 Open: 3.4947 Close: 3.4881 Mid: 3.4899 | 24 Open: 3.4881 Close: 3.4879 Mid: 3.4879 | 25 Open: 3.4881 Close: 3.4731 Mid: 3.4807 | 26 Open: 3.4731 Close: 3.4782 Mid: 3.4764 | 27 |
28 | 29 Open: 3.4766 Close: 3.4759 Mid: 3.4725 | 30 Open: 3.4759 Close: 3.4688 Mid: 3.4716 | 31 Open: 3.4688 Close: 3.4744 Mid: 3.4707 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4744 Close: 3.4420 Mid: 3.4580 | 2 Open: 3.4422 Close: 3.4605 Mid: 3.4520 | 3 | ||||
4 | 5 Open: 3.4619 Close: 3.4524 Mid: 3.4512 | 6 Open: 3.4523 Close: 3.4297 Mid: 3.4426 | 7 Open: 3.4297 Close: 3.4293 Mid: 3.4343 | 8 Open: 3.4293 Close: 3.4453 Mid: 3.4353 | 9 Open: 3.4453 Close: 3.4479 Mid: 3.4463 | 10 |
11 | 12 Open: 3.4500 Close: 3.4498 Mid: 3.4508 | 13 Open: 3.4499 Close: 3.4770 Mid: 3.4639 | 14 Open: 3.4769 Close: 3.4666 Mid: 3.4715 | 15 Open: 3.4667 Close: 3.4735 Mid: 3.4703 | 16 Open: 3.4736 Close: 3.4982 Mid: 3.4861 | 17 |
18 | 19 Open: 3.4941 Close: 3.5107 Mid: 3.5028 | 20 Open: 3.5107 Close: 3.5224 Mid: 3.5150 | 21 Open: 3.5224 Close: 3.5377 Mid: 3.5310 | 22 Open: 3.5377 Close: 3.5378 Mid: 3.5409 | 23 Open: 3.5378 Close: 3.5715 Mid: 3.5549 | 24 |
25 | 26 Open: 3.5687 Close: 3.5636 Mid: 3.5678 | 27 Open: 3.5637 Close: 3.5842 Mid: 3.5736 | 28 Open: 3.5842 Close: 3.5646 Mid: 3.5723 | 29 Open: 3.5647 Close: 3.5591 Mid: 3.5641 | 30 Open: 3.5590 Close: 3.5484 Mid: 3.5556 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 3.5487 Close: 3.5529 Mid: 3.5503 | 3 Open: 3.5529 Close: 3.5440 Mid: 3.5455 | 4 Open: 3.5440 Close: 3.5533 Mid: 3.5496 | 5 Open: 3.5533 Close: 3.5619 Mid: 3.5571 | 6 Open: 3.5619 Close: 3.5488 Mid: 3.5577 | 7 |
8 | 9 Open: 3.5475 Close: 3.5332 Mid: 3.5422 | 10 Open: 3.5331 Close: 3.5353 Mid: 3.5344 | 11 Open: 3.5354 Close: 3.5250 Mid: 3.5293 | 12 Open: 3.5251 Close: 3.5472 Mid: 3.5349 | 13 Open: 3.5472 Close: 3.5470 Mid: 3.5498 | 14 |
15 | 16 Open: 3.5471 Close: 3.5718 Mid: 3.5590 | 17 Open: 3.5718 Close: 3.5562 Mid: 3.5643 | 18 Open: 3.5562 Close: 3.5702 Mid: 3.5714 | 19 Open: 3.5702 Close: 3.5900 Mid: 3.5760 | 20 Open: 3.5899 Close: 3.5997 Mid: 3.5953 | 21 |
22 | 23 Open: 3.6005 Close: 3.6070 Mid: 3.5962 | 24 Open: 3.6070 Close: 3.6253 Mid: 3.6152 | 25 Open: 3.6253 Close: 3.5999 Mid: 3.6134 | 26 Open: 3.6000 Close: 3.6250 Mid: 3.6136 | 27 Open: 3.6251 Close: 3.6141 Mid: 3.6198 | 28 |
29 | 30 Open: 3.6147 Close: 3.6146 Mid: 3.6187 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.6146 Close: 3.5901 Mid: 3.5988 | 2 Open: 3.5902 Close: 3.5858 Mid: 3.5882 | 3 Open: 3.5858 Close: 3.5467 Mid: 3.5635 | 4 Open: 3.5467 Close: 3.5466 Mid: 3.5478 | 5 | ||
6 | 7 Open: 3.5423 Close: 3.5357 Mid: 3.5396 | 8 Open: 3.5357 Close: 3.5414 Mid: 3.5375 | 9 Open: 3.5413 Close: 3.5318 Mid: 3.5359 | 10 Open: 3.5319 Close: 3.5294 Mid: 3.5299 | 11 Open: 3.5295 Close: 3.5312 Mid: 3.5303 | 12 |
13 | 14 Open: 3.5320 Close: 3.5294 Mid: 3.5275 | 15 Open: 3.5294 Close: 3.5327 Mid: 3.5322 | 16 Open: 3.5328 Close: 3.5104 Mid: 3.5208 | 17 Open: 3.5105 Close: 3.5165 Mid: 3.5128 | 18 Open: 3.5164 Close: 3.5266 Mid: 3.5230 | 19 |
20 | 21 Open: 3.5255 Close: 3.5087 Mid: 3.5178 | 22 Open: 3.5088 Close: 3.5092 Mid: 3.5087 | 23 Open: 3.5091 Close: 3.4928 Mid: 3.5003 | 24 Open: 3.4928 Close: 3.5062 Mid: 3.4987 | 25 Open: 3.5061 Close: 3.5026 Mid: 3.5071 | 26 |
27 | 28 Open: 3.5062 Close: 3.5054 Mid: 3.5050 | 29 Open: 3.5054 Close: 3.5168 Mid: 3.5097 | 30 Open: 3.5169 Close: 3.5035 Mid: 3.5091 | 31 Open: 3.5035 Close: 3.4859 Mid: 3.4931 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 3.4859 Close: 3.4915 Mid: 3.4944 | 2 | |||||
3 | 4 Open: 3.5041 Close: 3.5013 Mid: 3.5047 | 5 Open: 3.5014 Close: 3.5237 Mid: 3.5117 | 6 Open: 3.5238 Close: 3.4813 Mid: 3.4980 | 7 Open: 3.4812 Close: 3.5096 Mid: 3.4970 | 8 Open: 3.5097 Close: 3.4912 Mid: 3.4970 | 9 |
10 | 11 Open: 3.4890 Close: 3.4778 Mid: 3.4840 | 12 Open: 3.4778 Close: 3.4455 Mid: 3.4592 | 13 Open: 3.4454 Close: 3.4348 Mid: 3.4398 | 14 Open: 3.4347 Close: 3.4224 Mid: 3.4251 | 15 Open: 3.4225 Close: 3.4091 Mid: 3.4177 | 16 |
17 | 18 Open: 3.4101 Close: 3.4265 Mid: 3.4182 | 19 Open: 3.4265 Close: 3.4277 Mid: 3.4205 | 20 Open: 3.4276 Close: 3.4190 Mid: 3.4245 | 21 Open: 3.4190 Close: 3.4020 Mid: 3.4109 | 22 Open: 3.4020 Close: 3.3867 Mid: 3.3911 | 23 |
24 | 25 Open: 3.3989 Close: 3.3959 Mid: 3.3989 | 26 Open: 3.3960 Close: 3.3966 Mid: 3.3950 | 27 Open: 3.3967 Close: 3.4268 Mid: 3.4126 | 28 Open: 3.4268 Close: 3.4290 Mid: 3.4240 | 29 Open: 3.4289 Close: 3.4424 Mid: 3.4354 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 3.4430 Close: 3.4199 Mid: 3.4274 | 3 Open: 3.4199 Close: 3.4250 Mid: 3.4239 | 4 Open: 3.4250 Close: 3.4321 Mid: 3.4282 | 5 Open: 3.4321 Close: 3.4483 Mid: 3.4405 | 6 Open: 3.4482 Close: 3.4435 Mid: 3.4486 | 7 |
8 | 9 Open: 3.4421 Close: 3.4456 Mid: 3.4478 | 10 Open: 3.4456 Close: 3.4517 Mid: 3.4462 | 11 Open: 3.4517 Close: 3.4456 Mid: 3.4458 | 12 Open: 3.4456 Close: 3.4246 Mid: 3.4389 | 13 Open: 3.4247 Close: 3.4111 Mid: 3.4180 | 14 |
15 | 16 Open: 3.4095 Close: 3.4280 Mid: 3.4197 | 17 Open: 3.4280 Close: 3.4356 Mid: 3.4312 | 18 Open: 3.4355 Close: 3.3989 Mid: 3.4173 | 19 Open: 3.3989 Close: 3.3785 Mid: 3.3998 | 20 Open: 3.3786 Close: 3.3966 Mid: 3.3898 | 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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