Best Swedish Krona / Czech Koruna Exchange Rate Today: 2.1805
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 2.1740, and the most competitive travel money / cash rates start at approximately 2.1609.
Live rate: 1 SEK = 2.1805 CZK (-0.05% )
Inverted: 1 CZK = 0.4586 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 | 2.1805 | 0 | 2.1587 | |||
 | 2.1740 (indicative) | 0 | 2.1740 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 2.1652 (indicative) | 0 | 2.1652 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 2.1805 | 1.61% | 2.1454 | 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. | |
 | 2.1609 | 0 | 2.1609 | 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  | 2.1194 (upper range) | Variable | 2.1194 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 2.1042 (lower range) | Variable | 2.1042 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 2.0824 | 0 | 2.0824 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.2167 Close: 2.2167 Mid: 2.2167 | 2 Open: 2.2173 Close: 2.2060 Mid: 2.2173 | 3 Open: 2.2061 Close: 2.1937 Mid: 2.2012 | 4 Open: 2.1942 Close: 2.2060 Mid: 2.1992 | 5 Open: 2.2069 Close: 2.1915 Mid: 2.1961 | 6 | |
7 | 8 Open: 2.1970 Close: 2.1873 Mid: 2.1884 | 9 Open: 2.1882 Close: 2.1933 Mid: 2.1898 | 10 Open: 2.1942 Close: 2.1918 Mid: 2.1938 | 11 Open: 2.1916 Close: 2.1926 Mid: 2.1948 | 12 Open: 2.1926 Close: 2.1901 Mid: 2.1927 | 13 |
14 | 15 Open: 2.1882 Close: 2.1830 Mid: 2.1888 | 16 Open: 2.1836 Close: 2.1782 Mid: 2.1812 | 17 Open: 2.1796 Close: 2.1753 Mid: 2.1764 | 18 Open: 2.1761 Close: 2.1761 Mid: 2.1747 | 19 Open: 2.1749 Close: 2.1730 Mid: 2.1750 | 20 |
21 | 22 Open: 2.1739 Close: 2.1746 Mid: 2.1757 | 23 Open: 2.1760 Close: 2.1863 Mid: 2.1836 | 24 Open: 2.1852 Close: 2.1855 Mid: 2.1866 | 25 Open: 2.1868 Close: 2.1834 Mid: 2.1848 | 26 Open: 2.1837 Close: 2.1822 Mid: 2.1857 | 27 |
28 | 29 Open: 2.1832 Close: 2.1964 Mid: 2.1870 | 30 Open: 2.1959 Close: 2.1926 Mid: 2.1965 | 31 Open: 2.1934 Close: 2.2075 Mid: 2.2061 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.2079 Close: 2.2007 Mid: 2.2028 | 2 Open: 2.2009 Close: 2.2010 Mid: 2.2049 | 3 | ||||
4 | 5 Open: 2.2039 Close: 2.1922 Mid: 2.1982 | 6 Open: 2.1911 Close: 2.2057 Mid: 2.1951 | 7 Open: 2.2062 Close: 2.2118 Mid: 2.2111 | 8 Open: 2.2119 Close: 2.2362 Mid: 2.2230 | 9 Open: 2.2359 Close: 2.2389 Mid: 2.2336 | 10 |
11 | 12 Open: 2.2335 Close: 2.2558 Mid: 2.2441 | 13 Open: 2.2543 Close: 2.2388 Mid: 2.2445 | 14 Open: 2.2368 Close: 2.2491 Mid: 2.2436 | 15 Open: 2.2491 Close: 2.2485 Mid: 2.2557 | 16 Open: 2.2506 Close: 2.2619 Mid: 2.2563 | 17 |
18 | 19 Open: 2.2599 Close: 2.2728 Mid: 2.2681 | 20 Open: 2.2728 Close: 2.2659 Mid: 2.2682 | 21 Open: 2.2670 Close: 2.2586 Mid: 2.2627 | 22 Open: 2.2585 Close: 2.2697 Mid: 2.2646 | 23 Open: 2.2713 Close: 2.2685 Mid: 2.2710 | 24 |
25 | 26 Open: 2.2671 Close: 2.2731 Mid: 2.2693 | 27 Open: 2.2740 Close: 2.2646 Mid: 2.2686 | 28 Open: 2.2648 Close: 2.2575 Mid: 2.2615 | 29 Open: 2.2591 Close: 2.2596 Mid: 2.2609 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.2605 Close: 2.2659 Mid: 2.2638 | 2 | |||||
3 | 4 Open: 2.2662 Close: 2.2531 Mid: 2.2606 | 5 Open: 2.2530 Close: 2.2482 Mid: 2.2511 | 6 Open: 2.2488 Close: 2.2601 Mid: 2.2542 | 7 Open: 2.2601 Close: 2.2651 Mid: 2.2654 | 8 Open: 2.2651 Close: 2.2652 Mid: 2.2671 | 9 |
10 | 11 Open: 2.2666 Close: 2.2632 Mid: 2.2617 | 12 Open: 2.2632 Close: 2.2607 Mid: 2.2651 | 13 Open: 2.2608 Close: 2.2559 Mid: 2.2580 | 14 Open: 2.2559 Close: 2.2396 Mid: 2.2472 | 15 Open: 2.2396 Close: 2.2288 Mid: 2.2329 | 16 |
17 | 18 Open: 2.2266 Close: 2.2242 Mid: 2.2239 | 19 Open: 2.2243 Close: 2.2290 Mid: 2.2230 | 20 Open: 2.2290 Close: 2.2220 Mid: 2.2239 | 21 Open: 2.2221 Close: 2.2281 Mid: 2.2245 | 22 Open: 2.2281 Close: 2.2200 Mid: 2.2252 | 23 |
24 | 25 Open: 2.2182 Close: 2.2064 Mid: 2.2132 | 26 Open: 2.2064 Close: 2.2049 Mid: 2.2049 | 27 Open: 2.2049 Close: 2.2034 Mid: 2.2051 | 28 Open: 2.2035 Close: 2.1920 Mid: 2.1981 | 29 Open: 2.1920 Close: 2.1936 Mid: 2.1900 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.1944 Close: 2.1790 Mid: 2.1859 | 2 Open: 2.1790 Close: 2.1886 Mid: 2.1909 | 3 Open: 2.1886 Close: 2.1959 Mid: 2.1926 | 4 Open: 2.1958 Close: 2.1957 Mid: 2.1986 | 5 Open: 2.1956 Close: 2.1951 Mid: 2.1938 | 6 | |
7 | 8 Open: 2.1959 Close: 2.2099 Mid: 2.2046 | 9 Open: 2.2098 Close: 2.2183 Mid: 2.2156 | 10 Open: 2.2183 Close: 2.2082 Mid: 2.2107 | 11 Open: 2.2082 Close: 2.2052 Mid: 2.2041 | 12 Open: 2.2052 Close: 2.1866 Mid: 2.1955 | 13 |
14 | 15 Open: 2.1900 Close: 2.1870 Mid: 2.1899 | 16 Open: 2.1870 Close: 2.1643 Mid: 2.1753 | 17 Open: 2.1643 Close: 2.1625 Mid: 2.1625 | 18 Open: 2.1625 Close: 2.1653 Mid: 2.1685 | 19 Open: 2.1653 Close: 2.1696 Mid: 2.1656 | 20 |
21 | 22 Open: 2.1678 Close: 2.1784 Mid: 2.1735 | 23 Open: 2.1784 Close: 2.1786 Mid: 2.1789 | 24 Open: 2.1786 Close: 2.1685 Mid: 2.1736 | 25 Open: 2.1684 Close: 2.1527 Mid: 2.1585 | 26 Open: 2.1525 Close: 2.1456 Mid: 2.1530 | 27 |
28 | 29 Open: 2.1681 Close: 2.1471 Mid: 2.1571 | 30 Open: 2.1470 Close: 2.1394 Mid: 2.1423 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.1394 Close: 2.1433 Mid: 2.1423 | 2 Open: 2.1433 Close: 2.1418 Mid: 2.1446 | 3 Open: 2.1417 Close: 2.1508 Mid: 2.1496 | 4 | |||
5 | 6 Open: 2.1530 Close: 2.1467 Mid: 2.1496 | 7 Open: 2.1468 Close: 2.1424 Mid: 2.1447 | 8 Open: 2.1425 Close: 2.1331 Mid: 2.1358 | 9 Open: 2.1331 Close: 2.1314 Mid: 2.1320 | 10 Open: 2.1314 Close: 2.1344 Mid: 2.1320 | 11 |
12 | 13 Open: 2.1356 Close: 2.1207 Mid: 2.1252 | 14 Open: 2.1207 Close: 2.1220 Mid: 2.1160 | 15 Open: 2.1220 Close: 2.1300 Mid: 2.1261 | 16 Open: 2.1302 Close: 2.1219 Mid: 2.1256 | 17 Open: 2.1218 Close: 2.1200 Mid: 2.1199 | 18 |
19 | 20 Open: 2.1210 Close: 2.1296 Mid: 2.1267 | 21 Open: 2.1296 Close: 2.1302 Mid: 2.1295 | 22 Open: 2.1302 Close: 2.1275 Mid: 2.1300 | 23 Open: 2.1274 Close: 2.1290 Mid: 2.1311 | 24 Open: 2.1290 Close: 2.1292 Mid: 2.1307 | 25 |
26 | 27 Open: 2.1283 Close: 2.1417 Mid: 2.1373 | 28 Open: 2.1417 Close: 2.1477 Mid: 2.1464 | 29 Open: 2.1477 Close: 2.1456 Mid: 2.1468 | 30 Open: 2.1455 Close: 2.1554 Mid: 2.1496 | 31 Open: 2.1554 Close: 2.1606 Mid: 2.1597 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 2.1607 Close: 2.1735 Mid: 2.1700 | 4 Open: 2.1734 Close: 2.1762 Mid: 2.1747 | 5 Open: 2.1762 Close: 2.1800 Mid: 2.1779 | 6 Open: 2.1801 Close: 2.1698 Mid: 2.1753 | 7 Open: 2.1698 Close: 2.1647 Mid: 2.1690 | 8 |
9 | 10 Open: 2.1661 Close: 2.1838 Mid: 2.1744 | 11 Open: 2.1838 Close: 2.1958 Mid: 2.1902 | 12 Open: 2.1958 Close: 2.1990 Mid: 2.2013 | 13 Open: 2.1989 Close: 2.1970 Mid: 2.1993 | 14 Open: 2.1970 Close: 2.1973 Mid: 2.1970 | 15 |
16 | 17 Open: 2.1953 Close: 2.1968 Mid: 2.1919 | 18 Open: 2.1969 Close: 2.2150 Mid: 2.2032 | 19 Open: 2.2151 Close: 2.2212 Mid: 2.2196 | 20 Open: 2.2211 Close: 2.2158 Mid: 2.2216 | 21 Open: 2.2158 Close: 2.2187 Mid: 2.2172 | 22 |
23 | 24 Open: 2.2158 Close: 2.2129 Mid: 2.2160 | 25 Open: 2.2130 Close: 2.2052 Mid: 2.2098 | 26 Open: 2.2051 Close: 2.2060 Mid: 2.2054 | 27 Open: 2.2060 Close: 2.2039 Mid: 2.2073 | 28 Open: 2.2040 Close: 2.2049 Mid: 2.2027 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.2179 Close: 2.2069 Mid: 2.2049 | 2 Open: 2.2069 Close: 2.2127 Mid: 2.2067 | 3 Open: 2.2127 Close: 2.2217 Mid: 2.2147 | 4 Open: 2.2217 Close: 2.2136 Mid: 2.2176 | 5 Open: 2.2136 Close: 2.2137 Mid: 2.2162 | 6 | |
7 | 8 Open: 2.2123 Close: 2.1985 Mid: 2.2059 | 9 Open: 2.1986 Close: 2.2155 Mid: 2.2061 | 10 Open: 2.2155 Close: 2.2245 Mid: 2.2194 | 11 Open: 2.2245 Close: 2.2253 Mid: 2.2266 | 12 Open: 2.2254 Close: 2.2057 Mid: 2.2142 | 13 |
14 | 15 Open: 2.2108 Close: 2.1970 Mid: 2.2041 | 16 Open: 2.1970 Close: 2.1939 Mid: 2.1933 | 17 Open: 2.1939 Close: 2.1909 Mid: 2.1921 | 18 Open: 2.1909 Close: 2.1868 Mid: 2.1893 | 19 Open: 2.1870 Close: 2.1711 Mid: 2.1822 | 20 |
21 | 22 Open: 2.1754 Close: 2.1626 Mid: 2.1696 | 23 Open: 2.1625 Close: 2.1734 Mid: 2.1703 | 24 Open: 2.1734 Close: 2.1753 Mid: 2.1731 | 25 Open: 2.1753 Close: 2.1600 Mid: 2.1643 | 26 Open: 2.1599 Close: 2.1582 Mid: 2.1614 | 27 |
28 | 29 Open: 2.1568 Close: 2.1684 Mid: 2.1641 | 30 Open: 2.1685 Close: 2.1834 Mid: 2.1741 | 31 Open: 2.1835 Close: 2.1952 Mid: 2.1900 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.1952 Close: 2.1861 Mid: 2.1950 | 2 Open: 2.1861 Close: 2.1955 Mid: 2.1857 | 3 | ||||
4 | 5 Open: 2.1930 Close: 2.1863 Mid: 2.1891 | 6 Open: 2.1864 Close: 2.1964 Mid: 2.1944 | 7 Open: 2.1963 Close: 2.2054 Mid: 2.2088 | 8 Open: 2.2054 Close: 2.2021 Mid: 2.2055 | 9 Open: 2.2021 Close: 2.1981 Mid: 2.1995 | 10 |
11 | 12 Open: 2.1967 Close: 2.1890 Mid: 2.1922 | 13 Open: 2.1890 Close: 2.1885 Mid: 2.1895 | 14 Open: 2.1886 Close: 2.1813 Mid: 2.1897 | 15 Open: 2.1812 Close: 2.1823 Mid: 2.1814 | 16 Open: 2.1822 Close: 2.1877 Mid: 2.1843 | 17 |
18 | 19 Open: 2.1954 Close: 2.2009 Mid: 2.1939 | 20 Open: 2.2009 Close: 2.2140 Mid: 2.2086 | 21 Open: 2.2140 Close: 2.2076 Mid: 2.2065 | 22 Open: 2.2076 Close: 2.2034 Mid: 2.2043 | 23 Open: 2.2033 Close: 2.1977 Mid: 2.1981 | 24 |
25 | 26 Open: 2.1893 Close: 2.1970 Mid: 2.1967 | 27 Open: 2.1969 Close: 2.2045 Mid: 2.1986 | 28 Open: 2.2044 Close: 2.2100 Mid: 2.2083 | 29 Open: 2.2100 Close: 2.2112 Mid: 2.2114 | 30 Open: 2.2112 Close: 2.2059 Mid: 2.2078 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 2.2072 Close: 2.2045 Mid: 2.2069 | 3 Open: 2.2045 Close: 2.2066 Mid: 2.2052 | 4 Open: 2.2066 Close: 2.1996 Mid: 2.1998 | 5 Open: 2.1996 Close: 2.1978 Mid: 2.1983 | 6 Open: 2.1977 Close: 2.1921 Mid: 2.2012 | 7 |
8 | 9 Open: 2.1929 Close: 2.1872 Mid: 2.1892 | 10 Open: 2.1872 Close: 2.1930 Mid: 2.1892 | 11 Open: 2.1929 Close: 2.1929 Mid: 2.1909 | 12 Open: 2.1929 Close: 2.2055 Mid: 2.1989 | 13 Open: 2.2054 Close: 2.2185 Mid: 2.2145 | 14 |
15 | 16 Open: 2.2150 Close: 2.2222 Mid: 2.2201 | 17 Open: 2.2221 Close: 2.2169 Mid: 2.2173 | 18 Open: 2.2169 Close: 2.2084 Mid: 2.2127 | 19 Open: 2.2085 Close: 2.2133 Mid: 2.2153 | 20 Open: 2.2133 Close: 2.2078 Mid: 2.2082 | 21 |
22 | 23 Open: 2.2078 Close: 2.2190 Mid: 2.2135 | 24 Open: 2.2190 Close: 2.2224 Mid: 2.2211 | 25 Open: 2.2224 Close: 2.2188 Mid: 2.2189 | 26 Open: 2.2188 Close: 2.2242 Mid: 2.2227 | 27 Open: 2.2242 Close: 2.2308 Mid: 2.2283 | 28 |
29 | 30 Open: 2.2290 Close: 2.2288 Mid: 2.2311 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.2288 Close: 2.2258 Mid: 2.2290 | 2 Open: 2.2258 Close: 2.2350 Mid: 2.2293 | 3 Open: 2.2349 Close: 2.2279 Mid: 2.2328 | 4 Open: 2.2279 Close: 2.2271 Mid: 2.2280 | 5 | ||
6 | 7 Open: 2.2340 Close: 2.2314 Mid: 2.2275 | 8 Open: 2.2313 Close: 2.2312 Mid: 2.2290 | 9 Open: 2.2312 Close: 2.2283 Mid: 2.2308 | 10 Open: 2.2283 Close: 2.2300 Mid: 2.2282 | 11 Open: 2.2300 Close: 2.2302 Mid: 2.2288 | 12 |
13 | 14 Open: 2.2278 Close: 2.2211 Mid: 2.2240 | 15 Open: 2.2211 Close: 2.2238 Mid: 2.2259 | 16 Open: 2.2238 Close: 2.2166 Mid: 2.2221 | 17 Open: 2.2166 Close: 2.2104 Mid: 2.2137 | 18 Open: 2.2105 Close: 2.2066 Mid: 2.2086 | 19 |
20 | 21 Open: 2.2090 Close: 2.2126 Mid: 2.2092 | 22 Open: 2.2126 Close: 2.2146 Mid: 2.2146 | 23 Open: 2.2145 Close: 2.2115 Mid: 2.2107 | 24 Open: 2.2115 Close: 2.2048 Mid: 2.2093 | 25 Open: 2.2048 Close: 2.2055 Mid: 2.2048 | 26 |
27 | 28 Open: 2.2082 Close: 2.2022 Mid: 2.2075 | 29 Open: 2.2023 Close: 2.2027 Mid: 2.2030 | 30 Open: 2.2027 Close: 2.1891 Mid: 2.1933 | 31 Open: 2.1891 Close: 2.1849 Mid: 2.1838 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 2.1849 Close: 2.1757 Mid: 2.1807 | 2 | |||||
3 | 4 Open: 2.1787 Close: 2.1712 Mid: 2.1750 | 5 Open: 2.1712 Close: 2.1649 Mid: 2.1715 | 6 Open: 2.1649 Close: 2.1766 Mid: 2.1702 | 7 Open: 2.1766 Close: 2.1882 Mid: 2.1822 | 8 Open: 2.1881 Close: 2.1773 Mid: 2.1793 | 9 |
10 | 11 Open: 2.1740 Close: 2.1930 Mid: 2.1838 | 12 Open: 2.1930 Close: 2.1926 Mid: 2.1943 | 13 Open: 2.1925 Close: 2.1790 Mid: 2.1827 | 14 Open: 2.1790 Close: 2.1836 Mid: 2.1812 | 15 Open: 2.1837 Close: 2.1831 Mid: 2.1831 | 16 |
17 | 18 Open: 2.1835 Close: 2.1886 Mid: 2.1823 | 19 Open: 2.1885 Close: 2.1857 Mid: 2.1854 | 20 Open: 2.1857 Close: 2.1743 Mid: 2.1810 | 21 Open: 2.1743 Close: 2.1871 Mid: 2.1845 | 22 Open: 2.1871 Close: 2.2040 Mid: 2.1988 | 23 |
24 | 25 Open: 2.2036 Close: 2.1945 Mid: 2.2010 | 26 Open: 2.1945 Close: 2.1929 Mid: 2.1916 | 27 Open: 2.1929 Close: 2.1913 Mid: 2.1927 | 28 Open: 2.1913 Close: 2.1917 Mid: 2.1918 | 29 Open: 2.1917 Close: 2.1916 Mid: 2.1926 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 2.1929 Close: 2.1870 Mid: 2.1919 | 3 Open: 2.1870 Close: 2.1745 Mid: 2.1789 | 4 Open: 2.1745 Close: 2.1913 Mid: 2.1810 | 5 Open: 2.1913 Close: 2.1827 Mid: 2.1851 | 6 Open: 2.1827 Close: 2.1718 Mid: 2.1788 | 7 |
8 | 9 Open: 2.1747 Close: 2.1788 Mid: 2.1744 | 10 Open: 2.1788 Close: 2.1714 Mid: 2.1747 | 11 Open: 2.1714 Close: 2.1765 Mid: 2.1778 | 12 Open: 2.1767 Close: 2.1727 Mid: 2.1781 | 13 Open: 2.1727 Close: 2.1696 Mid: 2.1718 | 14 |
15 | 16 Open: 2.1712 Close: 2.1875 Mid: 2.1788 | 17 Open: 2.1875 Close: 2.1803 Mid: 2.1840 | 18 Open: 2.1803 Close: 2.1804 Mid: 2.1813 | 19 Open: 2.1804 Close: 2.1991 Mid: 2.1909 | 20 Open: 2.1991 Close: 2.1829 Mid: 2.1911 | 21 |
22 | 23 Open: 2.1846 Close: 2.1876 Mid: 2.1867 | 24 Open: 2.1876 Close: 2.1793 Mid: 2.1812 | 25 Open: 2.1876 Close: 2.1793 Mid: 2.1812 | 26 Open: 2.1796 Close: 2.1828 Mid: 2.1826 | 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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