Best British Pound / Indian Rupee Exchange Rate Today: 106.7560
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 106.4357, and the most competitive travel money / cash rates start at approximately 105.7952.
Live rate: 1 GBP = 106.7560 INR (+0.34% )
Inverted: 1 INR = 0.0094 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 | 106.7560 | 0 | 105.6884 | |||
 | 106.0087 (indicative) | 0 | 106.0087 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 106.7560 | 0.57% | 106.1475 | 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. | |
 | 105.7952 | 0 | 105.7952 | 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. | |
 | 100.4287 | 0 | 100.4287 | 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. | |
Best Bank Rate  | 103.7668 (upper range) | Variable | 103.7668 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 103.0195 (lower range) | Variable | 103.0195 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 101.9520 | 0 | 101.9520 | International Payments and Transfers |
Ranking Snapshot
Horizon Currency
payments
Wise
payments
Revolut
payments, cash
Global Reach
payments
Travel FX
holiday cash
Covent Garden FX
holiday cash
Moneycorp
payments
Tesco
cash
Post Office
cash
HSBC
representative of high street bank rates
About the rankings
GBP/INR Live Chart and Data
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 105.9690 Close: 105.0680 Mid: 105.6715 | 3 Open: 105.0670 Close: 105.4780 Mid: 105.3145 | 4 Open: 105.4800 Close: 105.5880 Mid: 105.6805 | 5 Open: 105.5910 Close: 105.6980 Mid: 105.5465 | 6 | |
7 | 8 Open: 105.7490 Close: 105.8730 Mid: 105.7030 | 9 Open: 105.8660 Close: 105.6400 Mid: 105.7570 | 10 Open: 105.6370 Close: 105.7940 Mid: 105.6415 | 11 Open: 105.7930 Close: 106.0210 Mid: 105.7430 | 12 Open: 106.0230 Close: 105.6590 Mid: 105.8355 | 13 |
14 | 15 Open: 105.6490 Close: 105.4340 Mid: 105.5380 | 16 Open: 105.4280 Close: 104.9620 Mid: 105.1555 | 17 Open: 104.9720 Close: 105.4530 Mid: 105.1300 | 18 Open: 105.4580 Close: 105.6490 Mid: 105.4430 | 19 Open: 105.6540 Close: 105.5820 Mid: 105.4870 | 20 |
21 | 22 Open: 105.5940 Close: 105.6280 Mid: 105.6645 | 23 Open: 105.6430 Close: 105.5250 Mid: 105.6055 | 24 Open: 105.5050 Close: 105.7990 Mid: 105.8350 | 25 Open: 105.8130 Close: 105.6560 Mid: 105.6460 | 26 Open: 105.6620 Close: 105.5770 Mid: 105.7155 | 27 |
28 | 29 Open: 105.5810 Close: 105.6650 Mid: 105.5085 | 30 Open: 105.6690 Close: 105.5430 Mid: 105.4265 | 31 Open: 105.5530 Close: 105.3960 Mid: 105.5015 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 105.4210 Close: 105.6980 Mid: 105.2830 | 2 Open: 105.7070 Close: 104.8740 Mid: 105.3025 | 3 | ||||
4 | 5 Open: 104.8590 Close: 104.1040 Mid: 104.4480 | 6 Open: 104.0950 Close: 104.6580 Mid: 104.3830 | 7 Open: 104.6470 Close: 104.7880 Mid: 104.7180 | 8 Open: 104.7840 Close: 104.7210 Mid: 104.6180 | 9 Open: 104.7010 Close: 104.8380 Mid: 104.7930 | 10 |
11 | 12 Open: 104.8430 Close: 104.7840 Mid: 104.8250 | 13 Open: 104.7910 Close: 104.6330 Mid: 104.8820 | 14 Open: 104.6440 Close: 104.3370 Mid: 104.4355 | 15 Open: 104.3380 Close: 104.5690 Mid: 104.3720 | 16 Open: 104.5720 Close: 104.6070 Mid: 104.5025 | 17 |
18 | 19 Open: 104.6120 Close: 104.5860 Mid: 104.6575 | 20 Open: 104.5860 Close: 104.6140 Mid: 104.6995 | 21 Open: 104.6260 Close: 104.7870 Mid: 104.6575 | 22 Open: 104.8040 Close: 104.9030 Mid: 104.9380 | 23 Open: 104.8940 Close: 105.0210 Mid: 105.0785 | 24 |
25 | 26 Open: 105.0240 Close: 105.1250 Mid: 105.0695 | 27 Open: 105.1220 Close: 105.1780 Mid: 105.0980 | 28 Open: 105.1590 Close: 104.9550 Mid: 104.9800 | 29 Open: 104.9770 Close: 104.6500 Mid: 104.8625 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 104.6710 Close: 104.8340 Mid: 104.6735 | 2 | |||||
3 | 4 Open: 104.8320 Close: 105.2280 Mid: 105.0770 | 5 Open: 105.2280 Close: 105.3140 Mid: 105.3040 | 6 Open: 105.3230 Close: 105.4380 Mid: 105.4440 | 7 Open: 105.4390 Close: 105.9560 Mid: 105.6480 | 8 Open: 105.9560 Close: 106.4080 Mid: 106.2315 | 9 |
10 | 11 Open: 106.4020 Close: 106.0210 Mid: 106.1535 | 12 Open: 106.0220 Close: 105.9090 Mid: 105.8555 | 13 Open: 105.9080 Close: 106.0190 Mid: 105.9905 | 14 Open: 106.0180 Close: 105.7960 Mid: 105.8905 | 15 Open: 105.7970 Close: 105.5700 Mid: 105.6685 | 16 |
17 | 18 Open: 105.5650 Close: 105.5760 Mid: 105.5705 | 19 Open: 105.5760 Close: 105.6130 Mid: 105.4600 | 20 Open: 105.6140 Close: 106.2350 Mid: 105.8900 | 21 Open: 106.2360 Close: 105.3360 Mid: 105.8310 | 22 Open: 105.3360 Close: 105.3480 Mid: 105.1870 | 23 |
24 | 25 Open: 105.3430 Close: 105.4250 Mid: 105.3235 | 26 Open: 105.4260 Close: 105.2350 Mid: 105.3370 | 27 Open: 105.2350 Close: 105.3830 Mid: 105.2285 | 28 Open: 105.3830 Close: 105.2460 Mid: 105.2310 | 29 Open: 105.2460 Close: 105.2140 Mid: 105.2420 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 105.2210 Close: 104.6420 Mid: 104.9900 | 2 Open: 104.6410 Close: 104.8390 Mid: 104.7060 | 3 Open: 104.8380 Close: 105.6250 Mid: 105.2160 | 4 Open: 105.6240 Close: 105.5320 Mid: 105.5970 | 5 Open: 105.5320 Close: 105.2880 Mid: 105.2125 | 6 | |
7 | 8 Open: 105.2790 Close: 105.3920 Mid: 105.2655 | 9 Open: 105.3920 Close: 105.5050 Mid: 105.4950 | 10 Open: 105.5050 Close: 104.5900 Mid: 105.0465 | 11 Open: 104.5900 Close: 104.6260 Mid: 104.5385 | 12 Open: 104.6260 Close: 104.1030 Mid: 104.2860 | 13 |
14 | 15 Open: 104.1070 Close: 103.9310 Mid: 104.0720 | 16 Open: 103.9300 Close: 103.9520 Mid: 103.9595 | 17 Open: 103.9500 Close: 104.0640 Mid: 104.1275 | 18 Open: 104.0630 Close: 103.9350 Mid: 104.0890 | 19 Open: 103.9330 Close: 103.1350 Mid: 103.5875 | 20 |
21 | 22 Open: 103.1400 Close: 102.9790 Mid: 102.9720 | 23 Open: 102.9780 Close: 103.6750 Mid: 103.2890 | 24 Open: 103.6760 Close: 103.8640 Mid: 103.7000 | 25 Open: 103.8640 Close: 104.1970 Mid: 104.0955 | 26 Open: 104.1970 Close: 104.1960 Mid: 104.1605 | 27 |
28 | 29 Open: 104.2030 Close: 104.8260 Mid: 104.5340 | 30 Open: 104.8260 Close: 104.2990 Mid: 104.5565 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 104.3000 Close: 104.5080 Mid: 104.4020 | 2 Open: 104.5120 Close: 104.5350 Mid: 104.4055 | 3 Open: 104.5350 Close: 104.6250 Mid: 104.8915 | 4 | |||
5 | 6 Open: 104.6270 Close: 104.8640 Mid: 104.8875 | 7 Open: 104.8640 Close: 104.4040 Mid: 104.6325 | 8 Open: 104.4030 Close: 104.3120 Mid: 104.2730 | 9 Open: 104.3120 Close: 104.5190 Mid: 104.2540 | 10 Open: 104.5190 Close: 104.6500 Mid: 104.5890 | 11 |
12 | 13 Open: 104.6500 Close: 104.8730 Mid: 104.7600 | 14 Open: 104.8730 Close: 105.1340 Mid: 104.8270 | 15 Open: 105.1350 Close: 105.8260 Mid: 105.4690 | 16 Open: 105.8250 Close: 105.7690 Mid: 105.7605 | 17 Open: 105.7690 Close: 105.8040 Mid: 105.6420 | 18 |
19 | 20 Open: 105.8070 Close: 105.8490 Mid: 105.8180 | 21 Open: 105.8490 Close: 105.8900 Mid: 105.8735 | 22 Open: 105.8890 Close: 105.9090 Mid: 105.9960 | 23 Open: 105.9090 Close: 105.7640 Mid: 105.8725 | 24 Open: 105.7650 Close: 105.7890 Mid: 105.6680 | 25 |
26 | 27 Open: 105.7890 Close: 106.1470 Mid: 106.0005 | 28 Open: 106.1480 Close: 106.1810 Mid: 106.2990 | 29 Open: 106.1820 Close: 105.8910 Mid: 106.1625 | 30 Open: 105.8900 Close: 106.0910 Mid: 105.9740 | 31 Open: 106.0910 Close: 106.3280 Mid: 106.1900 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 106.3290 Close: 106.4290 Mid: 106.0015 | 4 Open: 106.4300 Close: 106.7350 Mid: 106.7195 | 5 Open: 106.7350 Close: 106.6680 Mid: 106.6775 | 6 Open: 106.6670 Close: 106.7610 Mid: 106.7115 | 7 Open: 106.7620 Close: 106.2490 Mid: 106.5100 | 8 |
9 | 10 Open: 106.2540 Close: 106.3240 Mid: 106.1900 | 11 Open: 106.3240 Close: 106.4960 Mid: 106.3965 | 12 Open: 106.5000 Close: 106.8700 Mid: 106.8925 | 13 Open: 106.8730 Close: 106.6340 Mid: 106.6905 | 14 Open: 106.6330 Close: 105.9950 Mid: 106.1980 | 15 |
16 | 17 Open: 105.9920 Close: 106.0770 Mid: 105.9535 | 18 Open: 106.0770 Close: 105.9430 Mid: 105.9275 | 19 Open: 105.9440 Close: 106.1210 Mid: 106.1050 | 20 Open: 106.1210 Close: 105.8500 Mid: 106.0650 | 21 Open: 105.8480 Close: 105.6410 Mid: 105.7195 | 22 |
23 | 24 Open: 105.6390 Close: 105.8860 Mid: 105.7385 | 25 Open: 105.8860 Close: 105.8290 Mid: 105.8500 | 26 Open: 105.8290 Close: 105.4930 Mid: 105.7085 | 27 Open: 105.4940 Close: 105.4970 Mid: 105.5650 | 28 Open: 105.4970 Close: 105.4130 Mid: 105.3835 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 105.4550 Close: 105.5600 Mid: 105.6970 | 2 Open: 105.5610 Close: 105.9030 Mid: 105.6345 | 3 Open: 105.9030 Close: 106.4130 Mid: 106.2585 | 4 Open: 106.4140 Close: 106.5510 Mid: 106.5175 | 5 Open: 106.5510 Close: 106.9700 Mid: 106.7505 | 6 | |
7 | 8 Open: 106.9660 Close: 106.8760 Mid: 107.0335 | 9 Open: 106.9070 Close: 106.7650 Mid: 106.8820 | 10 Open: 106.7650 Close: 107.2940 Mid: 107.0195 | 11 Open: 107.2940 Close: 107.8470 Mid: 107.6980 | 12 Open: 107.8540 Close: 108.4580 Mid: 108.1395 | 13 |
14 | 15 Open: 108.4470 Close: 108.3930 Mid: 108.4160 | 16 Open: 108.3920 Close: 108.3840 Mid: 108.3150 | 17 Open: 108.3850 Close: 108.7540 Mid: 108.6510 | 18 Open: 108.7540 Close: 108.3250 Mid: 108.5305 | 19 Open: 108.3250 Close: 108.1020 Mid: 108.1445 | 20 |
21 | 22 Open: 108.1180 Close: 108.2110 Mid: 108.1195 | 23 Open: 108.2100 Close: 108.0290 Mid: 108.0585 | 24 Open: 108.0300 Close: 108.0920 Mid: 108.0390 | 25 Open: 108.0920 Close: 107.6330 Mid: 107.8610 | 26 Open: 107.6340 Close: 107.7380 Mid: 107.7110 | 27 |
28 | 29 Open: 107.7400 Close: 107.7150 Mid: 107.5630 | 30 Open: 107.7140 Close: 107.4780 Mid: 107.5470 | 31 Open: 107.4780 Close: 107.6000 Mid: 107.5035 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 107.6010 Close: 106.6630 Mid: 107.1190 | 2 Open: 106.6640 Close: 107.2950 Mid: 107.0050 | 3 | ||||
4 | 5 Open: 107.2820 Close: 107.3260 Mid: 107.1085 | 6 Open: 107.3270 Close: 106.5450 Mid: 106.9255 | 7 Open: 106.5460 Close: 106.5270 Mid: 106.7040 | 8 Open: 106.5350 Close: 107.0980 Mid: 106.7320 | 9 Open: 107.0980 Close: 107.1070 Mid: 107.0460 | 10 |
11 | 12 Open: 107.1020 Close: 107.1470 Mid: 107.2125 | 13 Open: 107.1450 Close: 107.9200 Mid: 107.5440 | 14 Open: 107.9190 Close: 107.7240 Mid: 107.8160 | 15 Open: 107.7240 Close: 107.9120 Mid: 107.7815 | 16 Open: 107.9120 Close: 108.5750 Mid: 108.2425 | 17 |
18 | 19 Open: 108.5750 Close: 108.8960 Mid: 108.7545 | 20 Open: 108.8960 Close: 109.1830 Mid: 108.8480 | 21 Open: 109.1830 Close: 109.8220 Mid: 109.5845 | 22 Open: 109.8190 Close: 109.8790 Mid: 109.9955 | 23 Open: 109.8790 Close: 110.7750 Mid: 110.3790 | 24 |
25 | 26 Open: 110.7700 Close: 110.5910 Mid: 110.6730 | 27 Open: 110.5910 Close: 111.2930 Mid: 110.9555 | 28 Open: 111.2930 Close: 110.7460 Mid: 110.9185 | 29 Open: 110.7460 Close: 110.4680 Mid: 110.6180 | 30 Open: 110.4680 Close: 110.1920 Mid: 110.3270 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 110.1880 Close: 110.3090 Mid: 110.2235 | 3 Open: 110.3080 Close: 110.1060 Mid: 110.1265 | 4 Open: 110.1060 Close: 110.4180 Mid: 110.3255 | 5 Open: 110.4160 Close: 110.7160 Mid: 110.5345 | 6 Open: 110.7160 Close: 110.2730 Mid: 110.5930 | 7 |
8 | 9 Open: 110.2770 Close: 109.7780 Mid: 110.0375 | 10 Open: 109.7790 Close: 109.8330 Mid: 109.8265 | 11 Open: 109.8330 Close: 109.5470 Mid: 109.6325 | 12 Open: 109.5470 Close: 110.1640 Mid: 109.8075 | 13 Open: 110.1630 Close: 110.0930 Mid: 110.2625 | 14 |
15 | 16 Open: 110.0990 Close: 110.8110 Mid: 110.4605 | 17 Open: 110.8120 Close: 110.2720 Mid: 110.4995 | 18 Open: 110.2830 Close: 110.5730 Mid: 110.6385 | 19 Open: 110.5730 Close: 111.0850 Mid: 110.7435 | 20 Open: 111.0850 Close: 111.2050 Mid: 111.1205 | 21 |
22 | 23 Open: 111.2040 Close: 111.4980 Mid: 111.1545 | 24 Open: 111.5080 Close: 112.1460 Mid: 111.8010 | 25 Open: 112.1460 Close: 111.4130 Mid: 111.7990 | 26 Open: 111.4120 Close: 112.1860 Mid: 111.8570 | 27 Open: 112.1870 Close: 111.9610 Mid: 112.0700 | 28 |
29 | 30 Open: 111.9650 Close: 112.1070 Mid: 112.2375 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 112.1060 Close: 111.4710 Mid: 111.6955 | 2 Open: 111.4700 Close: 111.3620 Mid: 111.4860 | 3 Open: 111.3610 Close: 110.2250 Mid: 110.7290 | 4 Open: 110.2250 Close: 110.2620 Mid: 110.2405 | 5 | ||
6 | 7 Open: 110.2620 Close: 109.8780 Mid: 109.9925 | 8 Open: 109.8760 Close: 109.9950 Mid: 109.9090 | 9 Open: 109.9950 Close: 109.7490 Mid: 109.8925 | 10 Open: 109.7460 Close: 109.6450 Mid: 109.6430 | 11 Open: 109.6450 Close: 109.8780 Mid: 109.8000 | 12 |
13 | 14 Open: 109.8750 Close: 109.7870 Mid: 109.7015 | 15 Open: 109.7870 Close: 109.8930 Mid: 109.8645 | 16 Open: 109.8930 Close: 109.1750 Mid: 109.5075 | 17 Open: 109.1760 Close: 109.3820 Mid: 109.2295 | 18 Open: 109.3820 Close: 109.7050 Mid: 109.6095 | 19 |
20 | 21 Open: 109.7060 Close: 109.1570 Mid: 109.4240 | 22 Open: 109.1590 Close: 109.1900 Mid: 109.1400 | 23 Open: 109.1900 Close: 108.6510 Mid: 108.9130 | 24 Open: 108.6600 Close: 109.0870 Mid: 108.8645 | 25 Open: 109.0880 Close: 108.9980 Mid: 109.1205 | 26 |
27 | 28 Open: 108.9960 Close: 109.0460 Mid: 109.0435 | 29 Open: 109.0470 Close: 109.3870 Mid: 109.1700 | 30 Open: 109.3880 Close: 109.0090 Mid: 109.2170 | 31 Open: 109.0100 Close: 108.4520 Mid: 108.6830 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 108.4530 Close: 108.6440 Mid: 108.7245 | 2 | |||||
3 | 4 Open: 108.6740 Close: 109.0460 Mid: 108.9860 | 5 Open: 109.0460 Close: 109.7000 Mid: 109.3200 | 6 Open: 109.7000 Close: 108.5940 Mid: 108.9865 | 7 Open: 108.5930 Close: 109.4840 Mid: 109.0910 | 8 Open: 109.4840 Close: 109.0200 Mid: 109.1885 | 9 |
10 | 11 Open: 109.0180 Close: 108.6330 Mid: 108.7920 | 12 Open: 108.6320 Close: 107.5790 Mid: 108.0065 | 13 Open: 107.5790 Close: 107.2950 Mid: 107.4015 | 14 Open: 107.2940 Close: 107.0010 Mid: 107.0535 | 15 Open: 106.9980 Close: 106.5370 Mid: 106.7885 | 16 |
17 | 18 Open: 106.5430 Close: 107.0100 Mid: 106.7640 | 19 Open: 107.0100 Close: 107.0390 Mid: 106.7930 | 20 Open: 107.0390 Close: 106.7420 Mid: 106.9170 | 21 Open: 106.7430 Close: 106.3580 Mid: 106.6115 | 22 Open: 106.3590 Close: 105.8060 Mid: 106.0130 | 23 |
24 | 25 Open: 105.8440 Close: 105.8930 Mid: 106.0290 | 26 Open: 105.8940 Close: 105.9850 Mid: 105.9420 | 27 Open: 105.9850 Close: 107.0480 Mid: 106.5635 | 28 Open: 107.0490 Close: 107.1730 Mid: 107.0310 | 29 Open: 107.1720 Close: 107.7050 Mid: 107.4735 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 107.6810 Close: 107.2130 Mid: 107.3335 | 3 Open: 107.2120 Close: 107.3180 Mid: 107.3170 | 4 Open: 107.3180 Close: 107.5740 Mid: 107.4185 | 5 Open: 107.5720 Close: 108.0630 Mid: 107.8485 | 6 Open: 108.0620 Close: 107.8800 Mid: 108.0275 | 7 |
8 | 9 Open: 107.8290 Close: 108.1740 Mid: 108.1750 | 10 Open: 108.1750 Close: 108.4100 Mid: 108.2110 | 11 Open: 108.4100 Close: 108.1500 Mid: 108.2515 | 12 Open: 108.1480 Close: 107.5310 Mid: 108.0085 | 13 Open: 107.5310 Close: 107.0550 Mid: 107.3780 | 14 |
15 | 16 Open: 107.0590 Close: 107.6690 Mid: 107.4295 | 17 Open: 107.6690 Close: 107.9330 Mid: 107.8135 | 18 Open: 107.9320 Close: 106.9920 Mid: 107.5525 | 19 Open: 106.9930 Close: 106.3910 Mid: 107.0835 | 20 Open: 106.3910 Close: 106.7560 Mid: 106.6600 | 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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