Best Swedish Krona / Chinese Yuan Exchange Rate Today: 0.6580
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.6560, and the most competitive travel money / cash rates start at approximately 0.6521.
Live rate: 1 SEK = 0.6580 CNY (+0.1065% )
Inverted: 1 CNY = 1.5198 SEK
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 | 0.6580 | 0 | 0.6514 | |||
 | 0.6560 (indicative) | 0 | 0.6560 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.6534 (indicative) | 0 | 0.6534 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.6580 | 5.85% | 0.6195 | 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. | |
 | 0.6521 | 0 | 0.6521 | 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. | |
Best Bank Rate  | 0.6396 (upper range) | Variable | 0.6396 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.6350 (lower range) | Variable | 0.6350 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.6284 | 0 | 0.6284 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7075 Close: 0.7024 Mid: 0.7043 | 2 Open: 0.7023 Close: 0.6943 Mid: 0.7004 | 3 Open: 0.6942 Close: 0.6906 Mid: 0.6929 | 4 Open: 0.6908 Close: 0.6965 Mid: 0.6933 | 5 Open: 0.6965 Close: 0.6921 Mid: 0.6936 | 6 | |
7 | 8 Open: 0.6903 Close: 0.6935 Mid: 0.6921 | 9 Open: 0.6938 Close: 0.6931 Mid: 0.6938 | 10 Open: 0.6935 Close: 0.6951 Mid: 0.6944 | 11 Open: 0.6951 Close: 0.6916 Mid: 0.6939 | 12 Open: 0.6917 Close: 0.6917 Mid: 0.6922 | 13 |
14 | 15 Open: 0.6917 Close: 0.6879 Mid: 0.6909 | 16 Open: 0.6881 Close: 0.6825 Mid: 0.6855 | 17 Open: 0.6827 Close: 0.6820 Mid: 0.6806 | 18 Open: 0.6824 Close: 0.6785 Mid: 0.6800 | 19 Open: 0.6787 Close: 0.6794 Mid: 0.6796 | 20 |
21 | 22 Open: 0.6800 Close: 0.6794 Mid: 0.6807 | 23 Open: 0.6797 Close: 0.6755 Mid: 0.6790 | 24 Open: 0.6756 Close: 0.6793 Mid: 0.6783 | 25 Open: 0.6794 Close: 0.6788 Mid: 0.6793 | 26 Open: 0.6789 Close: 0.6791 Mid: 0.6791 | 27 |
28 | 29 Open: 0.6794 Close: 0.6792 Mid: 0.6781 | 30 Open: 0.6792 Close: 0.6816 Mid: 0.6808 | 31 Open: 0.6817 Close: 0.6832 Mid: 0.6833 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6832 Close: 0.6833 Mid: 0.6810 | 2 Open: 0.6833 Close: 0.6784 Mid: 0.6818 | 3 | ||||
4 | 5 Open: 0.6789 Close: 0.6714 Mid: 0.6751 | 6 Open: 0.6714 Close: 0.6761 Mid: 0.6720 | 7 Open: 0.6763 Close: 0.6791 Mid: 0.6779 | 8 Open: 0.6791 Close: 0.6793 Mid: 0.6790 | 9 Open: 0.6793 Close: 0.6813 Mid: 0.6798 | 10 |
11 | 12 Open: 0.6806 Close: 0.6844 Mid: 0.6820 | 13 Open: 0.6843 Close: 0.6729 Mid: 0.6795 | 14 Open: 0.6728 Close: 0.6763 Mid: 0.6755 | 15 Open: 0.6762 Close: 0.6799 Mid: 0.6788 | 16 Open: 0.6800 Close: 0.6817 Mid: 0.6805 | 17 |
18 | 19 Open: 0.6809 Close: 0.6839 Mid: 0.6827 | 20 Open: 0.6839 Close: 0.6864 Mid: 0.6847 | 21 Open: 0.6862 Close: 0.6851 Mid: 0.6851 | 22 Open: 0.6852 Close: 0.6876 Mid: 0.6887 | 23 Open: 0.6881 Close: 0.6886 Mid: 0.6885 | 24 |
25 | 26 Open: 0.6879 Close: 0.6914 Mid: 0.6898 | 27 Open: 0.6913 Close: 0.6897 Mid: 0.6908 | 28 Open: 0.6897 Close: 0.6876 Mid: 0.6881 | 29 Open: 0.6878 Close: 0.6848 Mid: 0.6867 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6850 Close: 0.6885 Mid: 0.6872 | 2 | |||||
3 | 4 Open: 0.6886 Close: 0.6850 Mid: 0.6868 | 5 Open: 0.6850 Close: 0.6845 Mid: 0.6842 | 6 Open: 0.6846 Close: 0.6899 Mid: 0.6869 | 7 Open: 0.6898 Close: 0.6936 Mid: 0.6915 | 8 Open: 0.6937 Close: 0.6942 Mid: 0.6944 | 9 |
10 | 11 Open: 0.6950 Close: 0.6917 Mid: 0.6930 | 12 Open: 0.6917 Close: 0.6922 Mid: 0.6929 | 13 Open: 0.6923 Close: 0.6933 Mid: 0.6927 | 14 Open: 0.6933 Close: 0.6863 Mid: 0.6902 | 15 Open: 0.6863 Close: 0.6853 Mid: 0.6856 | 16 |
17 | 18 Open: 0.6849 Close: 0.6802 Mid: 0.6825 | 19 Open: 0.6802 Close: 0.6807 Mid: 0.6786 | 20 Open: 0.6806 Close: 0.6822 Mid: 0.6796 | 21 Open: 0.6823 Close: 0.6795 Mid: 0.6816 | 22 Open: 0.6794 Close: 0.6756 Mid: 0.6794 | 23 |
24 | 25 Open: 0.6757 Close: 0.6733 Mid: 0.6735 | 26 Open: 0.6733 Close: 0.6719 Mid: 0.6731 | 27 Open: 0.6720 Close: 0.6699 Mid: 0.6708 | 28 Open: 0.6699 Close: 0.6641 Mid: 0.6661 | 29 Open: 0.6641 Close: 0.6654 Mid: 0.6640 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6648 Close: 0.6610 Mid: 0.6625 | 2 Open: 0.6623 Close: 0.6607 Mid: 0.6627 | 3 Open: 0.6607 Close: 0.6655 Mid: 0.6635 | 4 Open: 0.6655 Close: 0.6671 Mid: 0.6682 | 5 Open: 0.6670 Close: 0.6661 Mid: 0.6663 | 6 | |
7 | 8 Open: 0.6662 Close: 0.6713 Mid: 0.6691 | 9 Open: 0.6713 Close: 0.6715 Mid: 0.6721 | 10 Open: 0.6715 Close: 0.6628 Mid: 0.6668 | 11 Open: 0.6628 Close: 0.6613 Mid: 0.6614 | 12 Open: 0.6614 Close: 0.6530 Mid: 0.6567 | 13 |
14 | 15 Open: 0.6532 Close: 0.6523 Mid: 0.6535 | 16 Open: 0.6522 Close: 0.6489 Mid: 0.6507 | 17 Open: 0.6489 Close: 0.6482 Mid: 0.6472 | 18 Open: 0.6482 Close: 0.6475 Mid: 0.6497 | 19 Open: 0.6475 Close: 0.6510 Mid: 0.6487 | 20 |
21 | 22 Open: 0.6501 Close: 0.6517 Mid: 0.6508 | 23 Open: 0.6517 Close: 0.6562 Mid: 0.6539 | 24 Open: 0.6562 Close: 0.6524 Mid: 0.6545 | 25 Open: 0.6525 Close: 0.6516 Mid: 0.6513 | 26 Open: 0.6515 Close: 0.6483 Mid: 0.6508 | 27 |
28 | 29 Open: 0.6546 Close: 0.6482 Mid: 0.6512 | 30 Open: 0.6483 Close: 0.6442 Mid: 0.6466 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6441 Close: 0.6460 Mid: 0.6453 | 2 Open: 0.6460 Close: 0.6506 Mid: 0.6489 | 3 Open: 0.6506 Close: 0.6539 Mid: 0.6526 | 4 | |||
5 | 6 Open: 0.6545 Close: 0.6546 Mid: 0.6538 | 7 Open: 0.6545 Close: 0.6530 Mid: 0.6542 | 8 Open: 0.6530 Close: 0.6495 Mid: 0.6514 | 9 Open: 0.6494 Close: 0.6521 Mid: 0.6503 | 10 Open: 0.6522 Close: 0.6542 Mid: 0.6535 | 11 |
12 | 13 Open: 0.6544 Close: 0.6541 Mid: 0.6543 | 14 Open: 0.6541 Close: 0.6554 Mid: 0.6542 | 15 Open: 0.6554 Close: 0.6628 Mid: 0.6592 | 16 Open: 0.6629 Close: 0.6610 Mid: 0.6626 | 17 Open: 0.6610 Close: 0.6613 Mid: 0.6610 | 18 |
19 | 20 Open: 0.6621 Close: 0.6636 Mid: 0.6633 | 21 Open: 0.6636 Close: 0.6631 Mid: 0.6642 | 22 Open: 0.6631 Close: 0.6611 Mid: 0.6630 | 23 Open: 0.6611 Close: 0.6623 Mid: 0.6635 | 24 Open: 0.6623 Close: 0.6662 Mid: 0.6641 | 25 |
26 | 27 Open: 0.6661 Close: 0.6694 Mid: 0.6679 | 28 Open: 0.6694 Close: 0.6727 Mid: 0.6726 | 29 Open: 0.6727 Close: 0.6672 Mid: 0.6700 | 30 Open: 0.6672 Close: 0.6705 Mid: 0.6672 | 31 Open: 0.6705 Close: 0.6743 Mid: 0.6724 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.6747 Close: 0.6806 Mid: 0.6776 | 4 Open: 0.6808 Close: 0.6800 Mid: 0.6801 | 5 Open: 0.6799 Close: 0.6911 Mid: 0.6884 | 6 Open: 0.6906 Close: 0.6969 Mid: 0.6916 | 7 Open: 0.6960 Close: 0.6886 Mid: 0.6919 | 8 |
9 | 10 Open: 0.6873 Close: 0.6779 Mid: 0.6812 | 11 Open: 0.6780 Close: 0.6782 Mid: 0.6778 | 12 Open: 0.6782 Close: 0.6978 Mid: 0.6910 | 13 Open: 0.6978 Close: 0.6923 Mid: 0.6957 | 14 Open: 0.6923 Close: 0.6898 Mid: 0.6898 | 15 |
16 | 17 Open: 0.6884 Close: 0.6919 Mid: 0.6894 | 18 Open: 0.6920 Close: 0.6949 Mid: 0.6926 | 19 Open: 0.6949 Close: 0.6955 Mid: 0.6954 | 20 Open: 0.6955 Close: 0.6914 Mid: 0.6944 | 21 Open: 0.6914 Close: 0.6910 Mid: 0.6906 | 22 |
23 | 24 Open: 0.6895 Close: 0.6929 Mid: 0.6922 | 25 Open: 0.6929 Close: 0.6912 Mid: 0.6927 | 26 Open: 0.6912 Close: 0.6870 Mid: 0.6880 | 27 Open: 0.6870 Close: 0.6841 Mid: 0.6860 | 28 Open: 0.6841 Close: 0.6856 Mid: 0.6841 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6877 Close: 0.6847 Mid: 0.6867 | 2 Open: 0.6847 Close: 0.6873 Mid: 0.6839 | 3 Open: 0.6872 Close: 0.6928 Mid: 0.6905 | 4 Open: 0.6928 Close: 0.6922 Mid: 0.6924 | 5 Open: 0.6922 Close: 0.6938 Mid: 0.6926 | 6 | |
7 | 8 Open: 0.6910 Close: 0.6869 Mid: 0.6903 | 9 Open: 0.6869 Close: 0.6892 Mid: 0.6880 | 10 Open: 0.6892 Close: 0.6901 Mid: 0.6896 | 11 Open: 0.6901 Close: 0.6916 Mid: 0.6923 | 12 Open: 0.6916 Close: 0.6885 Mid: 0.6898 | 13 |
14 | 15 Open: 0.6887 Close: 0.6848 Mid: 0.6872 | 16 Open: 0.6848 Close: 0.6754 Mid: 0.6799 | 17 Open: 0.6752 Close: 0.6886 Mid: 0.6812 | 18 Open: 0.6886 Close: 0.6847 Mid: 0.6869 | 19 Open: 0.6847 Close: 0.6809 Mid: 0.6838 | 20 |
21 | 22 Open: 0.6818 Close: 0.6782 Mid: 0.6807 | 23 Open: 0.6782 Close: 0.6758 Mid: 0.6767 | 24 Open: 0.6758 Close: 0.6738 Mid: 0.6746 | 25 Open: 0.6738 Close: 0.6676 Mid: 0.6694 | 26 Open: 0.6676 Close: 0.6701 Mid: 0.6701 | 27 |
28 | 29 Open: 0.6706 Close: 0.6705 Mid: 0.6707 | 30 Open: 0.6705 Close: 0.6734 Mid: 0.6714 | 31 Open: 0.6735 Close: 0.6750 Mid: 0.6741 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6750 Close: 0.6749 Mid: 0.6761 | 2 Open: 0.6750 Close: 0.6767 Mid: 0.6750 | 3 | ||||
4 | 5 Open: 0.6783 Close: 0.6748 Mid: 0.6765 | 6 Open: 0.6748 Close: 0.6798 Mid: 0.6778 | 7 Open: 0.6798 Close: 0.6843 Mid: 0.6842 | 8 Open: 0.6843 Close: 0.6826 Mid: 0.6838 | 9 Open: 0.6826 Close: 0.6812 Mid: 0.6823 | 10 |
11 | 12 Open: 0.6804 Close: 0.6817 Mid: 0.6815 | 13 Open: 0.6817 Close: 0.6837 Mid: 0.6823 | 14 Open: 0.6837 Close: 0.6819 Mid: 0.6845 | 15 Open: 0.6820 Close: 0.6806 Mid: 0.6813 | 16 Open: 0.6806 Close: 0.6863 Mid: 0.6824 | 17 |
18 | 19 Open: 0.6886 Close: 0.6937 Mid: 0.6883 | 20 Open: 0.6937 Close: 0.6991 Mid: 0.6967 | 21 Open: 0.6991 Close: 0.7003 Mid: 0.6990 | 22 Open: 0.7003 Close: 0.6972 Mid: 0.6988 | 23 Open: 0.6972 Close: 0.6997 Mid: 0.6974 | 24 |
25 | 26 Open: 0.6972 Close: 0.6971 Mid: 0.6985 | 27 Open: 0.6971 Close: 0.7020 Mid: 0.6990 | 28 Open: 0.7020 Close: 0.6990 Mid: 0.6997 | 29 Open: 0.6989 Close: 0.6943 Mid: 0.6961 | 30 Open: 0.6943 Close: 0.6906 Mid: 0.6920 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6908 Close: 0.6940 Mid: 0.6932 | 3 Open: 0.6940 Close: 0.6909 Mid: 0.6922 | 4 Open: 0.6909 Close: 0.6921 Mid: 0.6904 | 5 Open: 0.6921 Close: 0.6918 Mid: 0.6915 | 6 Open: 0.6917 Close: 0.6882 Mid: 0.6912 | 7 |
8 | 9 Open: 0.6885 Close: 0.6854 Mid: 0.6878 | 10 Open: 0.6854 Close: 0.6864 Mid: 0.6861 | 11 Open: 0.6864 Close: 0.6854 Mid: 0.6853 | 12 Open: 0.6854 Close: 0.6920 Mid: 0.6882 | 13 Open: 0.6920 Close: 0.6935 Mid: 0.6935 | 14 |
15 | 16 Open: 0.6925 Close: 0.6974 Mid: 0.6954 | 17 Open: 0.6974 Close: 0.6960 Mid: 0.6964 | 18 Open: 0.6960 Close: 0.6935 Mid: 0.6968 | 19 Open: 0.6935 Close: 0.6958 Mid: 0.6948 | 20 Open: 0.6958 Close: 0.6933 Mid: 0.6931 | 21 |
22 | 23 Open: 0.6933 Close: 0.6917 Mid: 0.6918 | 24 Open: 0.6917 Close: 0.6965 Mid: 0.6931 | 25 Open: 0.6965 Close: 0.6903 Mid: 0.6939 | 26 Open: 0.6903 Close: 0.6932 Mid: 0.6924 | 27 Open: 0.6932 Close: 0.6948 Mid: 0.6938 | 28 |
29 | 30 Open: 0.6940 Close: 0.6908 Mid: 0.6937 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6908 Close: 0.6848 Mid: 0.6872 | 2 Open: 0.6848 Close: 0.6859 Mid: 0.6851 | 3 Open: 0.6859 Close: 0.6836 Mid: 0.6850 | 4 Open: 0.6836 Close: 0.6769 Mid: 0.6811 | 5 | ||
6 | 7 Open: 0.6782 Close: 0.6777 Mid: 0.6771 | 8 Open: 0.6777 Close: 0.6832 Mid: 0.6807 | 9 Open: 0.6832 Close: 0.6811 Mid: 0.6820 | 10 Open: 0.6811 Close: 0.6814 Mid: 0.6808 | 11 Open: 0.6814 Close: 0.6813 Mid: 0.6811 | 12 |
13 | 14 Open: 0.6803 Close: 0.6801 Mid: 0.6800 | 15 Open: 0.6801 Close: 0.6834 Mid: 0.6834 | 16 Open: 0.6834 Close: 0.6779 Mid: 0.6821 | 17 Open: 0.6779 Close: 0.6759 Mid: 0.6770 | 18 Open: 0.6759 Close: 0.6750 Mid: 0.6752 | 19 |
20 | 21 Open: 0.6747 Close: 0.6740 Mid: 0.6744 | 22 Open: 0.6740 Close: 0.6755 Mid: 0.6755 | 23 Open: 0.6755 Close: 0.6728 Mid: 0.6729 | 24 Open: 0.6728 Close: 0.6741 Mid: 0.6726 | 25 Open: 0.6741 Close: 0.6704 Mid: 0.6730 | 26 |
27 | 28 Open: 0.6712 Close: 0.6690 Mid: 0.6710 | 29 Open: 0.6690 Close: 0.6701 Mid: 0.6691 | 30 Open: 0.6701 Close: 0.6664 Mid: 0.6675 | 31 Open: 0.6664 Close: 0.6684 Mid: 0.6660 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6685 Close: 0.6628 Mid: 0.6666 | 2 | |||||
3 | 4 Open: 0.6662 Close: 0.6617 Mid: 0.6651 | 5 Open: 0.6618 Close: 0.6638 Mid: 0.6634 | 6 Open: 0.6638 Close: 0.6612 Mid: 0.6601 | 7 Open: 0.6612 Close: 0.6686 Mid: 0.6647 | 8 Open: 0.6686 Close: 0.6636 Mid: 0.6653 | 9 |
10 | 11 Open: 0.6620 Close: 0.6653 Mid: 0.6632 | 12 Open: 0.6653 Close: 0.6637 Mid: 0.6638 | 13 Open: 0.6637 Close: 0.6578 Mid: 0.6603 | 14 Open: 0.6577 Close: 0.6571 Mid: 0.6578 | 15 Open: 0.6572 Close: 0.6585 Mid: 0.6583 | 16 |
17 | 18 Open: 0.6574 Close: 0.6638 Mid: 0.6602 | 19 Open: 0.6637 Close: 0.6631 Mid: 0.6615 | 20 Open: 0.6631 Close: 0.6569 Mid: 0.6598 | 21 Open: 0.6569 Close: 0.6538 Mid: 0.6562 | 22 Open: 0.6538 Close: 0.6563 Mid: 0.6544 | 23 |
24 | 25 Open: 0.6595 Close: 0.6589 Mid: 0.6601 | 26 Open: 0.6589 Close: 0.6600 Mid: 0.6580 | 27 Open: 0.6600 Close: 0.6642 Mid: 0.6627 | 28 Open: 0.6642 Close: 0.6633 Mid: 0.6632 | 29 Open: 0.6634 Close: 0.6644 Mid: 0.6644 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6653 Close: 0.6615 Mid: 0.6627 | 3 Open: 0.6615 Close: 0.6617 Mid: 0.6620 | 4 Open: 0.6617 Close: 0.6647 Mid: 0.6623 | 5 Open: 0.6648 Close: 0.6688 Mid: 0.6663 | 6 Open: 0.6689 Close: 0.6649 Mid: 0.6670 | 7 |
8 | 9 Open: 0.6651 Close: 0.6653 Mid: 0.6654 | 10 Open: 0.6653 Close: 0.6607 Mid: 0.6621 | 11 Open: 0.6608 Close: 0.6616 Mid: 0.6618 | 12 Open: 0.6616 Close: 0.6596 Mid: 0.6624 | 13 Open: 0.6597 Close: 0.6629 Mid: 0.6614 | 14 |
15 | 16 Open: 0.6619 Close: 0.6691 Mid: 0.6657 | 17 Open: 0.6691 Close: 0.6645 Mid: 0.6667 | 18 Open: 0.6645 Close: 0.6548 Mid: 0.6608 | 19 Open: 0.6548 Close: 0.6615 Mid: 0.6608 | 20 Open: 0.6615 Close: 0.6611 Mid: 0.6622 | 21 |
22 | 23 Open: 0.6620 Close: 0.6606 Mid: 0.6611 | 24 Open: 0.6606 Close: 0.6573 Mid: 0.6588 | 25 Open: 0.6606 Close: 0.6573 Mid: 0.6588 | 26 Open: 0.6574 Close: 0.6587 Mid: 0.6584 | 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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