Best British Pound / Israeli Sheqel Exchange Rate Today: 4.5900
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 4.5762, and the most competitive travel money / cash rates start at approximately 4.5487.
Live rate: 1 GBP = 4.5900 ILS (+0.62% )
Inverted: 1 ILS = 0.2179 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 | 4.5900 | 0 | 4.5441 | |||
 | 4.5762 (indicative) | 0 | 4.5762 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 4.5579 (indicative) | 0 | 4.5579 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 4.5900 | 0.72% | 4.5570 | 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. | |
 | 4.5487 | 0 | 4.5487 | 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. | |
 | 4.2518 | 0 | 4.2518 | 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  | 4.4615 (upper range) | Variable | 4.4615 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 4.4294 (lower range) | Variable | 4.4294 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 4.3835 | 0 | 4.3835 | International Payments and Transfers |
GBP/ILS Live Chart and Data
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.5861 Close: 4.5869 Mid: 4.5866 | 2 Open: 4.5869 Close: 4.5923 Mid: 4.6056 | 3 Open: 4.5922 Close: 4.6322 Mid: 4.6114 | 4 Open: 4.6321 Close: 4.6384 Mid: 4.6360 | 5 Open: 4.6384 Close: 4.6775 Mid: 4.6640 | 6 | |
7 | 8 Open: 4.6788 Close: 4.7282 Mid: 4.7027 | 9 Open: 4.7280 Close: 4.7451 Mid: 4.7333 | 10 Open: 4.7450 Close: 4.7645 Mid: 4.7645 | 11 Open: 4.7647 Close: 4.7831 Mid: 4.7752 | 12 Open: 4.7831 Close: 4.7568 Mid: 4.7684 | 13 |
14 | 15 Open: 4.7552 Close: 4.7770 Mid: 4.7678 | 16 Open: 4.7767 Close: 4.7650 Mid: 4.7758 | 17 Open: 4.7648 Close: 4.8135 Mid: 4.7854 | 18 Open: 4.8136 Close: 4.7791 Mid: 4.7912 | 19 Open: 4.7789 Close: 4.7548 Mid: 4.7574 | 20 |
21 | 22 Open: 4.7519 Close: 4.7839 Mid: 4.7756 | 23 Open: 4.7841 Close: 4.7632 Mid: 4.7777 | 24 Open: 4.7631 Close: 4.7130 Mid: 4.7408 | 25 Open: 4.7135 Close: 4.7006 Mid: 4.7039 | 26 Open: 4.7004 Close: 4.6813 Mid: 4.6993 | 27 |
28 | 29 Open: 4.6798 Close: 4.6470 Mid: 4.6697 | 30 Open: 4.6470 Close: 4.6492 Mid: 4.6342 | 31 Open: 4.6494 Close: 4.6127 Mid: 4.6279 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.6135 Close: 4.6705 Mid: 4.6410 | 2 Open: 4.6704 Close: 4.6184 Mid: 4.6430 | 3 | ||||
4 | 5 Open: 4.6185 Close: 4.6037 Mid: 4.6144 | 6 Open: 4.6037 Close: 4.5922 Mid: 4.5916 | 7 Open: 4.5921 Close: 4.6143 Mid: 4.6036 | 8 Open: 4.6143 Close: 4.6661 Mid: 4.6391 | 9 Open: 4.6660 Close: 4.6337 Mid: 4.6492 | 10 |
11 | 12 Open: 4.6354 Close: 4.6218 Mid: 4.6441 | 13 Open: 4.6220 Close: 4.6252 Mid: 4.6171 | 14 Open: 4.6255 Close: 4.5938 Mid: 4.6058 | 15 Open: 4.5937 Close: 4.5663 Mid: 4.5711 | 16 Open: 4.5665 Close: 4.5437 Mid: 4.5495 | 17 |
18 | 19 Open: 4.5449 Close: 4.5794 Mid: 4.5622 | 20 Open: 4.5793 Close: 4.6361 Mid: 4.6117 | 21 Open: 4.6366 Close: 4.6483 Mid: 4.6480 | 22 Open: 4.6487 Close: 4.6030 Mid: 4.6212 | 23 Open: 4.6030 Close: 4.6011 Mid: 4.6012 | 24 |
25 | 26 Open: 4.6025 Close: 4.6200 Mid: 4.6168 | 27 Open: 4.6200 Close: 4.5768 Mid: 4.5975 | 28 Open: 4.5768 Close: 4.5490 Mid: 4.5615 | 29 Open: 4.5492 Close: 4.5092 Mid: 4.5338 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.5092 Close: 4.5138 Mid: 4.5021 | 2 | |||||
3 | 4 Open: 4.5137 Close: 4.5413 Mid: 4.5221 | 5 Open: 4.5413 Close: 4.5585 Mid: 4.5529 | 6 Open: 4.5588 Close: 4.5636 Mid: 4.5735 | 7 Open: 4.5638 Close: 4.5906 Mid: 4.5763 | 8 Open: 4.5906 Close: 4.5955 Mid: 4.5858 | 9 |
10 | 11 Open: 4.5958 Close: 4.6496 Mid: 4.6214 | 12 Open: 4.6496 Close: 4.6858 Mid: 4.6671 | 13 Open: 4.6858 Close: 4.6542 Mid: 4.6770 | 14 Open: 4.6542 Close: 4.6612 Mid: 4.6509 | 15 Open: 4.6612 Close: 4.6887 Mid: 4.6666 | 16 |
17 | 18 Open: 4.6884 Close: 4.6478 Mid: 4.6652 | 19 Open: 4.6480 Close: 4.6729 Mid: 4.6565 | 20 Open: 4.6730 Close: 4.6740 Mid: 4.6580 | 21 Open: 4.6740 Close: 4.5626 Mid: 4.6200 | 22 Open: 4.5627 Close: 4.5890 Mid: 4.5705 | 23 |
24 | 25 Open: 4.5871 Close: 4.6028 Mid: 4.5910 | 26 Open: 4.6028 Close: 4.6270 Mid: 4.6254 | 27 Open: 4.6270 Close: 4.6487 Mid: 4.6314 | 28 Open: 4.6487 Close: 4.6248 Mid: 4.6416 | 29 Open: 4.6248 Close: 4.6643 Mid: 4.6445 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.6669 Close: 4.6153 Mid: 4.6410 | 2 Open: 4.6153 Close: 4.6726 Mid: 4.6422 | 3 Open: 4.6726 Close: 4.6980 Mid: 4.6837 | 4 Open: 4.6980 Close: 4.6919 Mid: 4.7028 | 5 Open: 4.6918 Close: 4.7561 Mid: 4.7205 | 6 | |
7 | 8 Open: 4.7513 Close: 4.6575 Mid: 4.7008 | 9 Open: 4.6575 Close: 4.6873 Mid: 4.6749 | 10 Open: 4.6873 Close: 4.6854 Mid: 4.6945 | 11 Open: 4.6854 Close: 4.7154 Mid: 4.7052 | 12 Open: 4.7154 Close: 4.6983 Mid: 4.6994 | 13 |
14 | 15 Open: 4.6965 Close: 4.6732 Mid: 4.6652 | 16 Open: 4.6732 Close: 4.6681 Mid: 4.6711 | 17 Open: 4.6681 Close: 4.7180 Mid: 4.6961 | 18 Open: 4.7180 Close: 4.7172 Mid: 4.7275 | 19 Open: 4.7172 Close: 4.6483 Mid: 4.6978 | 20 |
21 | 22 Open: 4.6474 Close: 4.6660 Mid: 4.6470 | 23 Open: 4.6659 Close: 4.6917 Mid: 4.6732 | 24 Open: 4.6917 Close: 4.7101 Mid: 4.6925 | 25 Open: 4.7101 Close: 4.7604 Mid: 4.7356 | 26 Open: 4.7605 Close: 4.7817 Mid: 4.7613 | 27 |
28 | 29 Open: 4.8370 Close: 4.7213 Mid: 4.7721 | 30 Open: 4.7214 Close: 4.6617 Mid: 4.6919 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.6618 Close: 4.7059 Mid: 4.6790 | 2 Open: 4.7057 Close: 4.6713 Mid: 4.6809 | 3 Open: 4.6713 Close: 4.6634 Mid: 4.6681 | 4 | |||
5 | 6 Open: 4.6620 Close: 4.7002 Mid: 4.6870 | 7 Open: 4.7002 Close: 4.6272 Mid: 4.6639 | 8 Open: 4.6272 Close: 4.6392 Mid: 4.6279 | 9 Open: 4.6392 Close: 4.6704 Mid: 4.6537 | 10 Open: 4.6703 Close: 4.6702 Mid: 4.6675 | 11 |
12 | 13 Open: 4.6704 Close: 4.6744 Mid: 4.6690 | 14 Open: 4.6745 Close: 4.6536 Mid: 4.6656 | 15 Open: 4.6537 Close: 4.6574 Mid: 4.6538 | 16 Open: 4.6574 Close: 4.6824 Mid: 4.6696 | 17 Open: 4.6824 Close: 4.7056 Mid: 4.6954 | 18 |
19 | 20 Open: 4.7031 Close: 4.6899 Mid: 4.7069 | 21 Open: 4.6898 Close: 4.6587 Mid: 4.6744 | 22 Open: 4.6587 Close: 4.6754 Mid: 4.6773 | 23 Open: 4.6754 Close: 4.6646 Mid: 4.6706 | 24 Open: 4.6645 Close: 4.6598 Mid: 4.6647 | 25 |
26 | 27 Open: 4.6592 Close: 4.6910 Mid: 4.6778 | 28 Open: 4.6910 Close: 4.6936 Mid: 4.6986 | 29 Open: 4.6936 Close: 4.7027 Mid: 4.7050 | 30 Open: 4.7027 Close: 4.7172 Mid: 4.7182 | 31 Open: 4.7171 Close: 4.7395 Mid: 4.7260 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 4.7350 Close: 4.6960 Mid: 4.6953 | 4 Open: 4.6960 Close: 4.7158 Mid: 4.7025 | 5 Open: 4.7159 Close: 4.7490 Mid: 4.7274 | 6 Open: 4.7489 Close: 4.7716 Mid: 4.7599 | 7 Open: 4.7716 Close: 4.7863 Mid: 4.7722 | 8 |
9 | 10 Open: 4.7862 Close: 4.7704 Mid: 4.7726 | 11 Open: 4.7704 Close: 4.7245 Mid: 4.7477 | 12 Open: 4.7245 Close: 4.7181 Mid: 4.7350 | 13 Open: 4.7180 Close: 4.7445 Mid: 4.7317 | 14 Open: 4.7444 Close: 4.7246 Mid: 4.7292 | 15 |
16 | 17 Open: 4.7241 Close: 4.7305 Mid: 4.7280 | 18 Open: 4.7305 Close: 4.7237 Mid: 4.7219 | 19 Open: 4.7236 Close: 4.7174 Mid: 4.7297 | 20 Open: 4.7175 Close: 4.7131 Mid: 4.7210 | 21 Open: 4.7131 Close: 4.7533 Mid: 4.7345 | 22 |
23 | 24 Open: 4.7505 Close: 4.7220 Mid: 4.7317 | 25 Open: 4.7219 Close: 4.7540 Mid: 4.7386 | 26 Open: 4.7540 Close: 4.7367 Mid: 4.7438 | 27 Open: 4.7367 Close: 4.7515 Mid: 4.7467 | 28 Open: 4.7515 Close: 4.7628 Mid: 4.7552 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.7597 Close: 4.7607 Mid: 4.7564 | 2 Open: 4.7606 Close: 4.7835 Mid: 4.7659 | 3 Open: 4.7834 Close: 4.7987 Mid: 4.7924 | 4 Open: 4.7988 Close: 4.7723 Mid: 4.7814 | 5 Open: 4.7722 Close: 4.7340 Mid: 4.7452 | 6 | |
7 | 8 Open: 4.7263 Close: 4.7040 Mid: 4.7258 | 9 Open: 4.7044 Close: 4.6962 Mid: 4.7073 | 10 Open: 4.6962 Close: 4.7019 Mid: 4.6938 | 11 Open: 4.7019 Close: 4.7017 Mid: 4.6913 | 12 Open: 4.7018 Close: 4.6917 Mid: 4.7021 | 13 |
14 | 15 Open: 4.6856 Close: 4.7027 Mid: 4.6935 | 16 Open: 4.7027 Close: 4.7026 Mid: 4.7040 | 17 Open: 4.7025 Close: 4.7336 Mid: 4.7193 | 18 Open: 4.7336 Close: 4.7134 Mid: 4.7247 | 19 Open: 4.7134 Close: 4.7063 Mid: 4.7240 | 20 |
21 | 22 Open: 4.7077 Close: 4.6949 Mid: 4.7021 | 23 Open: 4.6950 Close: 4.6809 Mid: 4.6847 | 24 Open: 4.6810 Close: 4.7098 Mid: 4.6952 | 25 Open: 4.7098 Close: 4.7118 Mid: 4.7153 | 26 Open: 4.7119 Close: 4.7064 Mid: 4.7190 | 27 |
28 | 29 Open: 4.7047 Close: 4.7803 Mid: 4.7534 | 30 Open: 4.7803 Close: 4.8107 Mid: 4.7953 | 31 Open: 4.8108 Close: 4.8352 Mid: 4.8339 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.8352 Close: 4.8314 Mid: 4.8514 | 2 Open: 4.8315 Close: 4.8663 Mid: 4.8507 | 3 | ||||
4 | 5 Open: 4.8680 Close: 4.8887 Mid: 4.8818 | 6 Open: 4.8888 Close: 4.8641 Mid: 4.8789 | 7 Open: 4.8642 Close: 4.8074 Mid: 4.8391 | 8 Open: 4.8075 Close: 4.8299 Mid: 4.8140 | 9 Open: 4.8298 Close: 4.7509 Mid: 4.7900 | 10 |
11 | 12 Open: 4.7536 Close: 4.8175 Mid: 4.7873 | 13 Open: 4.8176 Close: 4.7859 Mid: 4.8001 | 14 Open: 4.7858 Close: 4.7724 Mid: 4.7806 | 15 Open: 4.7724 Close: 4.7380 Mid: 4.7558 | 16 Open: 4.7380 Close: 4.7544 Mid: 4.7443 | 17 |
18 | 19 Open: 4.7486 Close: 4.8279 Mid: 4.7880 | 20 Open: 4.8279 Close: 4.8182 Mid: 4.8142 | 21 Open: 4.8183 Close: 4.8776 Mid: 4.8465 | 22 Open: 4.8776 Close: 4.8573 Mid: 4.8697 | 23 Open: 4.8573 Close: 4.8766 Mid: 4.8547 | 24 |
25 | 26 Open: 4.8723 Close: 4.8528 Mid: 4.8495 | 27 Open: 4.8529 Close: 4.8843 Mid: 4.8667 | 28 Open: 4.8842 Close: 4.8205 Mid: 4.8491 | 29 Open: 4.8206 Close: 4.8202 Mid: 4.8324 | 30 Open: 4.8202 Close: 4.7633 Mid: 4.7937 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 4.7637 Close: 4.8003 Mid: 4.7839 | 3 Open: 4.8004 Close: 4.8397 Mid: 4.8124 | 4 Open: 4.8397 Close: 4.8430 Mid: 4.8587 | 5 Open: 4.8430 Close: 4.8839 Mid: 4.8631 | 6 Open: 4.8839 Close: 4.8941 Mid: 4.8888 | 7 |
8 | 9 Open: 4.8925 Close: 4.9251 Mid: 4.9124 | 10 Open: 4.9250 Close: 4.9179 Mid: 4.9245 | 11 Open: 4.9178 Close: 4.9241 Mid: 4.9218 | 12 Open: 4.9242 Close: 4.8879 Mid: 4.8992 | 13 Open: 4.8878 Close: 4.8676 Mid: 4.8800 | 14 |
15 | 16 Open: 4.8679 Close: 4.9496 Mid: 4.9082 | 17 Open: 4.9496 Close: 4.9773 Mid: 4.9697 | 18 Open: 4.9774 Close: 4.9917 Mid: 4.9892 | 19 Open: 4.9917 Close: 5.0128 Mid: 4.9932 | 20 Open: 5.0128 Close: 5.0385 Mid: 5.0138 | 21 |
22 | 23 Open: 5.0388 Close: 5.0508 Mid: 5.0294 | 24 Open: 5.0508 Close: 5.0384 Mid: 5.0478 | 25 Open: 5.0383 Close: 4.9843 Mid: 5.0155 | 26 Open: 4.9843 Close: 4.9523 Mid: 4.9536 | 27 Open: 4.9524 Close: 4.9460 Mid: 4.9523 | 28 |
29 | 30 Open: 4.9468 Close: 4.9756 Mid: 4.9670 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.9755 Close: 4.9889 Mid: 4.9787 | 2 Open: 4.9888 Close: 5.0228 Mid: 5.0136 | 3 Open: 5.0228 Close: 4.9929 Mid: 4.9950 | 4 Open: 4.9930 Close: 5.0062 Mid: 5.0068 | 5 | ||
6 | 7 Open: 4.9997 Close: 4.9569 Mid: 4.9761 | 8 Open: 4.9569 Close: 4.9278 Mid: 4.9471 | 9 Open: 4.9278 Close: 4.9225 Mid: 4.9167 | 10 Open: 4.9226 Close: 4.9214 Mid: 4.9251 | 11 Open: 4.9213 Close: 4.9124 Mid: 4.9123 | 12 |
13 | 14 Open: 4.9134 Close: 4.9131 Mid: 4.9148 | 15 Open: 4.9131 Close: 4.9131 Mid: 4.9070 | 16 Open: 4.9132 Close: 4.8796 Mid: 4.8971 | 17 Open: 4.8798 Close: 4.8588 Mid: 4.8753 | 18 Open: 4.8588 Close: 4.8499 Mid: 4.8473 | 19 |
20 | 21 Open: 4.8484 Close: 4.9096 Mid: 4.8849 | 22 Open: 4.9097 Close: 4.8928 Mid: 4.9044 | 23 Open: 4.8927 Close: 4.9016 Mid: 4.9062 | 24 Open: 4.9016 Close: 4.9234 Mid: 4.9110 | 25 Open: 4.9233 Close: 4.9109 Mid: 4.9181 | 26 |
27 | 28 Open: 4.9149 Close: 4.8439 Mid: 4.8733 | 29 Open: 4.8439 Close: 4.8445 Mid: 4.8436 | 30 Open: 4.8445 Close: 4.7979 Mid: 4.8260 | 31 Open: 4.7979 Close: 4.8264 Mid: 4.8198 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.8265 Close: 4.8482 Mid: 4.8430 | 2 | |||||
3 | 4 Open: 4.8655 Close: 4.8585 Mid: 4.8642 | 5 Open: 4.8585 Close: 4.8858 Mid: 4.8708 | 6 Open: 4.8859 Close: 4.8147 Mid: 4.8463 | 7 Open: 4.8147 Close: 4.8315 Mid: 4.8217 | 8 Open: 4.8314 Close: 4.8448 Mid: 4.8359 | 9 |
10 | 11 Open: 4.8398 Close: 4.8244 Mid: 4.8227 | 12 Open: 4.8244 Close: 4.7914 Mid: 4.8044 | 13 Open: 4.7914 Close: 4.7727 Mid: 4.7782 | 14 Open: 4.7726 Close: 4.7360 Mid: 4.7501 | 15 Open: 4.7360 Close: 4.7300 Mid: 4.7373 | 16 |
17 | 18 Open: 4.7309 Close: 4.7405 Mid: 4.7241 | 19 Open: 4.7405 Close: 4.7470 Mid: 4.7325 | 20 Open: 4.7470 Close: 4.7277 Mid: 4.7378 | 21 Open: 4.7277 Close: 4.6746 Mid: 4.7043 | 22 Open: 4.6746 Close: 4.6388 Mid: 4.6565 | 23 |
24 | 25 Open: 4.6555 Close: 4.5757 Mid: 4.6173 | 26 Open: 4.5758 Close: 4.5807 Mid: 4.5813 | 27 Open: 4.5808 Close: 4.6418 Mid: 4.6112 | 28 Open: 4.6418 Close: 4.6321 Mid: 4.6287 | 29 Open: 4.6321 Close: 4.6317 Mid: 4.6310 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 4.6328 Close: 4.6197 Mid: 4.6126 | 3 Open: 4.6196 Close: 4.5930 Mid: 4.6027 | 4 Open: 4.5930 Close: 4.5908 Mid: 4.5797 | 5 Open: 4.5908 Close: 4.5920 Mid: 4.5937 | 6 Open: 4.5920 Close: 4.5648 Mid: 4.5789 | 7 |
8 | 9 Open: 4.5629 Close: 4.5449 Mid: 4.5469 | 10 Open: 4.5449 Close: 4.5844 Mid: 4.5637 | 11 Open: 4.5844 Close: 4.5658 Mid: 4.5684 | 12 Open: 4.5658 Close: 4.5216 Mid: 4.5487 | 13 Open: 4.5216 Close: 4.5489 Mid: 4.5377 | 14 |
15 | 16 Open: 4.5465 Close: 4.5519 Mid: 4.5556 | 17 Open: 4.5518 Close: 4.5677 Mid: 4.5631 | 18 Open: 4.5676 Close: 4.5102 Mid: 4.5427 | 19 Open: 4.5102 Close: 4.5617 Mid: 4.5486 | 20 Open: 4.5618 Close: 4.5901 Mid: 4.5792 | 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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