Best British Pound / Kuwaiti Dinar Exchange Rate Today: 0.3867
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.3855, and the most competitive travel money / cash rates start at approximately 0.3810.
Live rate: 1 GBP = 0.3867 KWD (+0% )
Inverted: 1 KWD = 2.5860 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 | 0.3867 | 0 | 0.3828 | |||
 | 0.3855 (indicative) | 0 | 0.3855 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.3840 (indicative) | 0 | 0.3840 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.3867 | 0.93% | 0.3831 | 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. | |
 | 0.3810 | 0 | 0.3810 | 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. | |
 | 0.3796 | 0 | 0.3796 | 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. | |
 | 0.3523 | 0 | 0.3523 | 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  | 0.3759 (upper range) | Variable | 0.3759 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3732 (lower range) | Variable | 0.3732 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3693 | 0 | 0.3693 | International Payments and Transfers |
GBP/KWD Live Chart and Data
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3915 Close: 0.3884 Mid: 0.3900 | 3 Open: 0.3883 Close: 0.3889 Mid: 0.3886 | 4 Open: 0.3889 Close: 0.3902 Mid: 0.3897 | 5 Open: 0.3901 Close: 0.3905 Mid: 0.3900 | 6 | |
7 | 8 Open: 0.3900 Close: 0.3915 Mid: 0.3907 | 9 Open: 0.3915 Close: 0.3908 Mid: 0.3913 | 10 Open: 0.3908 Close: 0.3915 Mid: 0.3910 | 11 Open: 0.3915 Close: 0.3918 Mid: 0.3919 | 12 Open: 0.3918 Close: 0.3916 Mid: 0.3917 | 13 |
14 | 15 Open: 0.3916 Close: 0.3912 Mid: 0.3914 | 16 Open: 0.3912 Close: 0.3889 Mid: 0.3900 | 17 Open: 0.3889 Close: 0.3903 Mid: 0.3896 | 18 Open: 0.3903 Close: 0.3904 Mid: 0.3903 | 19 Open: 0.3905 Close: 0.3906 Mid: 0.3906 | 20 |
21 | 22 Open: 0.3906 Close: 0.3913 Mid: 0.3910 | 23 Open: 0.3912 Close: 0.3904 Mid: 0.3910 | 24 Open: 0.3904 Close: 0.3917 Mid: 0.3911 | 25 Open: 0.3917 Close: 0.3910 Mid: 0.3913 | 26 Open: 0.3910 Close: 0.3912 Mid: 0.3913 | 27 |
28 | 29 Open: 0.3912 Close: 0.3906 Mid: 0.3908 | 30 Open: 0.3906 Close: 0.3902 Mid: 0.3904 | 31 Open: 0.3902 Close: 0.3905 Mid: 0.3904 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3904 Close: 0.3907 Mid: 0.3901 | 2 Open: 0.3908 Close: 0.3898 Mid: 0.3909 | 3 | ||||
4 | 5 Open: 0.3899 Close: 0.3861 Mid: 0.3880 | 6 Open: 0.3861 Close: 0.3873 Mid: 0.3866 | 7 Open: 0.3873 Close: 0.3888 Mid: 0.3881 | 8 Open: 0.3888 Close: 0.3884 Mid: 0.3885 | 9 Open: 0.3884 Close: 0.3889 Mid: 0.3886 | 10 |
11 | 12 Open: 0.3888 Close: 0.3887 Mid: 0.3886 | 13 Open: 0.3887 Close: 0.3887 Mid: 0.3893 | 14 Open: 0.3886 Close: 0.3871 Mid: 0.3878 | 15 Open: 0.3871 Close: 0.3875 Mid: 0.3870 | 16 Open: 0.3876 Close: 0.3879 Mid: 0.3878 | 17 |
18 | 19 Open: 0.3879 Close: 0.3880 Mid: 0.3882 | 20 Open: 0.3880 Close: 0.3883 Mid: 0.3880 | 21 Open: 0.3883 Close: 0.3884 Mid: 0.3884 | 22 Open: 0.3885 Close: 0.3896 Mid: 0.3892 | 23 Open: 0.3896 Close: 0.3901 Mid: 0.3900 | 24 |
25 | 26 Open: 0.3901 Close: 0.3903 Mid: 0.3903 | 27 Open: 0.3903 Close: 0.3903 Mid: 0.3902 | 28 Open: 0.3903 Close: 0.3894 Mid: 0.3898 | 29 Open: 0.3894 Close: 0.3887 Mid: 0.3892 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3887 Close: 0.3893 Mid: 0.3890 | 2 | |||||
3 | 4 Open: 0.3893 Close: 0.3903 Mid: 0.3898 | 5 Open: 0.3903 Close: 0.3906 Mid: 0.3904 | 6 Open: 0.3906 Close: 0.3917 Mid: 0.3912 | 7 Open: 0.3917 Close: 0.3930 Mid: 0.3923 | 8 Open: 0.3930 Close: 0.3946 Mid: 0.3938 | 9 |
10 | 11 Open: 0.3946 Close: 0.3938 Mid: 0.3942 | 12 Open: 0.3938 Close: 0.3928 Mid: 0.3932 | 13 Open: 0.3928 Close: 0.3931 Mid: 0.3929 | 14 Open: 0.3931 Close: 0.3923 Mid: 0.3929 | 15 Open: 0.3923 Close: 0.3916 Mid: 0.3919 | 16 |
17 | 18 Open: 0.3914 Close: 0.3912 Mid: 0.3914 | 19 Open: 0.3912 Close: 0.3909 Mid: 0.3906 | 20 Open: 0.3912 Close: 0.3914 Mid: 0.3909 | 21 Open: 0.3915 Close: 0.3903 Mid: 0.3917 | 22 Open: 0.3902 Close: 0.3875 Mid: 0.3887 | 23 |
24 | 25 Open: 0.3875 Close: 0.3888 Mid: 0.3881 | 26 Open: 0.3888 Close: 0.3887 Mid: 0.3890 | 27 Open: 0.3887 Close: 0.3886 Mid: 0.3885 | 28 Open: 0.3886 Close: 0.3884 Mid: 0.3884 | 29 Open: 0.3884 Close: 0.3883 Mid: 0.3884 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3878 Close: 0.3878 Mid: 0.3878 | 2 Open: 0.3882 Close: 0.3868 Mid: 0.3875 | 3 Open: 0.3868 Close: 0.3882 Mid: 0.3875 | 4 Open: 0.3883 Close: 0.3894 Mid: 0.3888 | 5 Open: 0.3894 Close: 0.3884 Mid: 0.3888 | 6 | |
7 | 8 Open: 0.3884 Close: 0.3888 Mid: 0.3886 | 9 Open: 0.3889 Close: 0.3897 Mid: 0.3895 | 10 Open: 0.3897 Close: 0.3864 Mid: 0.3881 | 11 Open: 0.3864 Close: 0.3861 Mid: 0.3861 | 12 Open: 0.3861 Close: 0.3835 Mid: 0.3849 | 13 |
14 | 15 Open: 0.3835 Close: 0.3840 Mid: 0.3842 | 16 Open: 0.3840 Close: 0.3833 Mid: 0.3837 | 17 Open: 0.3833 Close: 0.3838 Mid: 0.3836 | 18 Open: 0.3838 Close: 0.3839 Mid: 0.3841 | 19 Open: 0.3839 Close: 0.3825 Mid: 0.3832 | 20 |
21 | 22 Open: 0.3824 Close: 0.3803 Mid: 0.3810 | 23 Open: 0.3804 Close: 0.3827 Mid: 0.3815 | 24 Open: 0.3828 Close: 0.3833 Mid: 0.3832 | 25 Open: 0.3834 Close: 0.3849 Mid: 0.3841 | 26 Open: 0.3849 Close: 0.3851 Mid: 0.3851 | 27 |
28 | 29 Open: 0.3851 Close: 0.3863 Mid: 0.3857 | 30 Open: 0.3864 Close: 0.3856 Mid: 0.3861 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3855 Close: 0.3847 Mid: 0.3851 | 2 Open: 0.3847 Close: 0.3852 Mid: 0.3850 | 3 Open: 0.3853 Close: 0.3859 Mid: 0.3858 | 4 | |||
5 | 6 Open: 0.3858 Close: 0.3865 Mid: 0.3862 | 7 Open: 0.3864 Close: 0.3851 Mid: 0.3858 | 8 Open: 0.3851 Close: 0.3842 Mid: 0.3846 | 9 Open: 0.3842 Close: 0.3844 Mid: 0.3839 | 10 Open: 0.3844 Close: 0.3853 Mid: 0.3849 | 11 |
12 | 13 Open: 0.3853 Close: 0.3862 Mid: 0.3857 | 14 Open: 0.3862 Close: 0.3867 Mid: 0.3864 | 15 Open: 0.3867 Close: 0.3889 Mid: 0.3878 | 16 Open: 0.3889 Close: 0.3891 Mid: 0.3893 | 17 Open: 0.3891 Close: 0.3898 Mid: 0.3892 | 18 |
19 | 20 Open: 0.3898 Close: 0.3900 Mid: 0.3899 | 21 Open: 0.3900 Close: 0.3901 Mid: 0.3901 | 22 Open: 0.3901 Close: 0.3906 Mid: 0.3904 | 23 Open: 0.3906 Close: 0.3903 Mid: 0.3906 | 24 Open: 0.3903 Close: 0.3909 Mid: 0.3903 | 25 |
26 | 27 Open: 0.3909 Close: 0.3918 Mid: 0.3913 | 28 Open: 0.3918 Close: 0.3918 Mid: 0.3920 | 29 Open: 0.3918 Close: 0.3904 Mid: 0.3911 | 30 Open: 0.3904 Close: 0.3906 Mid: 0.3901 | 31 Open: 0.3906 Close: 0.3907 Mid: 0.3905 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.3907 Close: 0.3915 Mid: 0.3908 | 4 Open: 0.3916 Close: 0.3913 Mid: 0.3916 | 5 Open: 0.3913 Close: 0.3916 Mid: 0.3914 | 6 Open: 0.3917 Close: 0.3918 Mid: 0.3918 | 7 Open: 0.3918 Close: 0.3905 Mid: 0.3913 | 8 |
9 | 10 Open: 0.3905 Close: 0.3902 Mid: 0.3901 | 11 Open: 0.3902 Close: 0.3906 Mid: 0.3905 | 12 Open: 0.3906 Close: 0.3925 Mid: 0.3916 | 13 Open: 0.3925 Close: 0.3913 Mid: 0.3919 | 14 Open: 0.3912 Close: 0.3890 Mid: 0.3901 | 15 |
16 | 17 Open: 0.3890 Close: 0.3891 Mid: 0.3889 | 18 Open: 0.3892 Close: 0.3894 Mid: 0.3892 | 19 Open: 0.3894 Close: 0.3901 Mid: 0.3899 | 20 Open: 0.3901 Close: 0.3886 Mid: 0.3894 | 21 Open: 0.3886 Close: 0.3877 Mid: 0.3881 | 22 |
23 | 24 Open: 0.3877 Close: 0.3888 Mid: 0.3882 | 25 Open: 0.3888 Close: 0.3890 Mid: 0.3889 | 26 Open: 0.3890 Close: 0.3875 Mid: 0.3882 | 27 Open: 0.3875 Close: 0.3880 Mid: 0.3877 | 28 Open: 0.3880 Close: 0.3878 Mid: 0.3879 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3869 Close: 0.3879 Mid: 0.3876 | 2 Open: 0.3879 Close: 0.3884 Mid: 0.3879 | 3 Open: 0.3884 Close: 0.3903 Mid: 0.3893 | 4 Open: 0.3903 Close: 0.3907 Mid: 0.3905 | 5 Open: 0.3907 Close: 0.3920 Mid: 0.3914 | 6 | |
7 | 8 Open: 0.3920 Close: 0.3923 Mid: 0.3923 | 9 Open: 0.3921 Close: 0.3916 Mid: 0.3919 | 10 Open: 0.3916 Close: 0.3927 Mid: 0.3921 | 11 Open: 0.3927 Close: 0.3946 Mid: 0.3936 | 12 Open: 0.3946 Close: 0.3969 Mid: 0.3957 | 13 |
14 | 15 Open: 0.3968 Close: 0.3966 Mid: 0.3967 | 16 Open: 0.3966 Close: 0.3963 Mid: 0.3964 | 17 Open: 0.3964 Close: 0.3976 Mid: 0.3973 | 18 Open: 0.3976 Close: 0.3962 Mid: 0.3969 | 19 Open: 0.3961 Close: 0.3950 Mid: 0.3955 | 20 |
21 | 22 Open: 0.3950 Close: 0.3951 Mid: 0.3952 | 23 Open: 0.3952 Close: 0.3946 Mid: 0.3949 | 24 Open: 0.3946 Close: 0.3947 Mid: 0.3945 | 25 Open: 0.3947 Close: 0.3936 Mid: 0.3941 | 26 Open: 0.3935 Close: 0.3936 Mid: 0.3935 | 27 |
28 | 29 Open: 0.3936 Close: 0.3932 Mid: 0.3932 | 30 Open: 0.3932 Close: 0.3924 Mid: 0.3928 | 31 Open: 0.3924 Close: 0.3925 Mid: 0.3924 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3925 Close: 0.3901 Mid: 0.3914 | 2 Open: 0.3901 Close: 0.3902 Mid: 0.3896 | 3 | ||||
4 | 5 Open: 0.3899 Close: 0.3898 Mid: 0.3897 | 6 Open: 0.3898 Close: 0.3881 Mid: 0.3892 | 7 Open: 0.3881 Close: 0.3892 Mid: 0.3886 | 8 Open: 0.3892 Close: 0.3895 Mid: 0.3889 | 9 Open: 0.3896 Close: 0.3905 Mid: 0.3900 | 10 |
11 | 12 Open: 0.3905 Close: 0.3910 Mid: 0.3908 | 13 Open: 0.3910 Close: 0.3928 Mid: 0.3919 | 14 Open: 0.3929 Close: 0.3930 Mid: 0.3932 | 15 Open: 0.3930 Close: 0.3932 Mid: 0.3931 | 16 Open: 0.3933 Close: 0.3953 Mid: 0.3943 | 17 |
18 | 19 Open: 0.3953 Close: 0.3967 Mid: 0.3960 | 20 Open: 0.3967 Close: 0.3980 Mid: 0.3973 | 21 Open: 0.3980 Close: 0.3992 Mid: 0.3986 | 22 Open: 0.3993 Close: 0.4004 Mid: 0.4000 | 23 Open: 0.4003 Close: 0.4025 Mid: 0.4014 | 24 |
25 | 26 Open: 0.4025 Close: 0.4029 Mid: 0.4028 | 27 Open: 0.4029 Close: 0.4041 Mid: 0.4035 | 28 Open: 0.4041 Close: 0.4030 Mid: 0.4037 | 29 Open: 0.4030 Close: 0.4024 Mid: 0.4028 | 30 Open: 0.4024 Close: 0.4016 Mid: 0.4020 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4015 Close: 0.4016 Mid: 0.4015 | 3 Open: 0.4016 Close: 0.4006 Mid: 0.4011 | 4 Open: 0.4006 Close: 0.4012 Mid: 0.4009 | 5 Open: 0.4012 Close: 0.4023 Mid: 0.4017 | 6 Open: 0.4023 Close: 0.4016 Mid: 0.4021 | 7 |
8 | 9 Open: 0.4015 Close: 0.3996 Mid: 0.4006 | 10 Open: 0.3996 Close: 0.3996 Mid: 0.3997 | 11 Open: 0.3996 Close: 0.3990 Mid: 0.3994 | 12 Open: 0.3989 Close: 0.3995 Mid: 0.3990 | 13 Open: 0.3996 Close: 0.4007 Mid: 0.4003 | 14 |
15 | 16 Open: 0.4009 Close: 0.4024 Mid: 0.4016 | 17 Open: 0.4025 Close: 0.4020 Mid: 0.4024 | 18 Open: 0.4019 Close: 0.4029 Mid: 0.4022 | 19 Open: 0.4029 Close: 0.4051 Mid: 0.4040 | 20 Open: 0.4051 Close: 0.4059 Mid: 0.4054 | 21 |
22 | 23 Open: 0.4059 Close: 0.4068 Mid: 0.4062 | 24 Open: 0.4068 Close: 0.4087 Mid: 0.4077 | 25 Open: 0.4087 Close: 0.4076 Mid: 0.4084 | 26 Open: 0.4075 Close: 0.4089 Mid: 0.4080 | 27 Open: 0.4089 Close: 0.4083 Mid: 0.4087 | 28 |
29 | 30 Open: 0.4083 Close: 0.4087 Mid: 0.4086 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4087 Close: 0.4062 Mid: 0.4074 | 2 Open: 0.4062 Close: 0.4059 Mid: 0.4060 | 3 Open: 0.4059 Close: 0.4013 Mid: 0.4035 | 4 Open: 0.4014 Close: 0.4021 Mid: 0.4021 | 5 | ||
6 | 7 Open: 0.4021 Close: 0.4009 Mid: 0.4015 | 8 Open: 0.4009 Close: 0.4015 Mid: 0.4012 | 9 Open: 0.4015 Close: 0.4009 Mid: 0.4012 | 10 Open: 0.4009 Close: 0.4003 Mid: 0.4006 | 11 Open: 0.4003 Close: 0.4006 Mid: 0.4004 | 12 |
13 | 14 Open: 0.4006 Close: 0.4003 Mid: 0.4004 | 15 Open: 0.4003 Close: 0.4008 Mid: 0.4008 | 16 Open: 0.4008 Close: 0.3987 Mid: 0.3997 | 17 Open: 0.3987 Close: 0.3988 Mid: 0.3985 | 18 Open: 0.3988 Close: 0.3998 Mid: 0.3993 | 19 |
20 | 21 Open: 0.3998 Close: 0.3983 Mid: 0.3991 | 22 Open: 0.3980 Close: 0.3977 Mid: 0.3979 | 23 Open: 0.3977 Close: 0.3969 Mid: 0.3974 | 24 Open: 0.3969 Close: 0.3974 Mid: 0.3972 | 25 Open: 0.3974 Close: 0.3975 Mid: 0.3975 | 26 |
27 | 28 Open: 0.3975 Close: 0.3979 Mid: 0.3978 | 29 Open: 0.3979 Close: 0.3985 Mid: 0.3981 | 30 Open: 0.3986 Close: 0.3976 Mid: 0.3982 | 31 Open: 0.3976 Close: 0.3963 Mid: 0.3973 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3963 Close: 0.3965 Mid: 0.3960 | 2 | |||||
3 | 4 Open: 0.3966 Close: 0.3972 Mid: 0.3970 | 5 Open: 0.3972 Close: 0.3986 Mid: 0.3978 | 6 Open: 0.3986 Close: 0.3953 Mid: 0.3968 | 7 Open: 0.3953 Close: 0.3978 Mid: 0.3965 | 8 Open: 0.3978 Close: 0.3965 Mid: 0.3972 | 9 |
10 | 11 Open: 0.3964 Close: 0.3952 Mid: 0.3958 | 12 Open: 0.3952 Close: 0.3926 Mid: 0.3939 | 13 Open: 0.3926 Close: 0.3913 Mid: 0.3919 | 14 Open: 0.3913 Close: 0.3897 Mid: 0.3903 | 15 Open: 0.3898 Close: 0.3887 Mid: 0.3895 | 16 |
17 | 18 Open: 0.3887 Close: 0.3891 Mid: 0.3887 | 19 Open: 0.3892 Close: 0.3893 Mid: 0.3891 | 20 Open: 0.3893 Close: 0.3892 Mid: 0.3896 | 21 Open: 0.3892 Close: 0.3882 Mid: 0.3887 | 22 Open: 0.3881 Close: 0.3855 Mid: 0.3866 | 23 |
24 | 25 Open: 0.3857 Close: 0.3867 Mid: 0.3863 | 26 Open: 0.3867 Close: 0.3865 Mid: 0.3867 | 27 Open: 0.3865 Close: 0.3893 Mid: 0.3879 | 28 Open: 0.3893 Close: 0.3899 Mid: 0.3896 | 29 Open: 0.3899 Close: 0.3908 Mid: 0.3904 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3908 Close: 0.3894 Mid: 0.3901 | 3 Open: 0.3894 Close: 0.3894 Mid: 0.3892 | 4 Open: 0.3894 Close: 0.3905 Mid: 0.3899 | 5 Open: 0.3905 Close: 0.3917 Mid: 0.3911 | 6 Open: 0.3918 Close: 0.3918 Mid: 0.3922 | 7 |
8 | 9 Open: 0.3917 Close: 0.3924 Mid: 0.3921 | 10 Open: 0.3923 Close: 0.3924 Mid: 0.3922 | 11 Open: 0.3924 Close: 0.3921 Mid: 0.3924 | 12 Open: 0.3921 Close: 0.3907 Mid: 0.3917 | 13 Open: 0.3907 Close: 0.3889 Mid: 0.3898 | 14 |
15 | 16 Open: 0.3889 Close: 0.3901 Mid: 0.3895 | 17 Open: 0.3901 Close: 0.3908 Mid: 0.3905 | 18 Open: 0.3909 Close: 0.3898 Mid: 0.3905 | 19 Open: 0.3896 Close: 0.3867 Mid: 0.3881 | 20 Open: 0.3866 Close: 0.3867 Mid: 0.3858 | 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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