Best Swedish Krona / Danish Krone Exchange Rate Today: 0.6474
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.6455, and the most competitive travel money / cash rates start at approximately 0.6416.
Live rate: 1 SEK = 0.6474 DKK (+0.09% )
Inverted: 1 DKK = 1.5446 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 | 0.6474 | 0 | 0.6409 | |||
 | 0.6455 (indicative) | 0 | 0.6455 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.6429 (indicative) | 0 | 0.6429 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.6474 | 1.6% | 0.6370 | 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. | |
 | 0.6416 | 0 | 0.6416 | 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  | 0.6293 (upper range) | Variable | 0.6293 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.6247 (lower range) | Variable | 0.6247 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.6183 | 0 | 0.6183 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6692 Close: 0.6692 Mid: 0.6692 | 2 Open: 0.6693 Close: 0.6665 Mid: 0.6697 | 3 Open: 0.6666 Close: 0.6639 Mid: 0.6658 | 4 Open: 0.6639 Close: 0.6666 Mid: 0.6654 | 5 Open: 0.6668 Close: 0.6641 Mid: 0.6657 | 6 | |
7 | 8 Open: 0.6642 Close: 0.6654 Mid: 0.6647 | 9 Open: 0.6656 Close: 0.6652 Mid: 0.6649 | 10 Open: 0.6655 Close: 0.6648 Mid: 0.6653 | 11 Open: 0.6647 Close: 0.6624 Mid: 0.6641 | 12 Open: 0.6624 Close: 0.6625 Mid: 0.6624 | 13 |
14 | 15 Open: 0.6620 Close: 0.6595 Mid: 0.6615 | 16 Open: 0.6595 Close: 0.6567 Mid: 0.6583 | 17 Open: 0.6569 Close: 0.6559 Mid: 0.6557 | 18 Open: 0.6560 Close: 0.6538 Mid: 0.6547 | 19 Open: 0.6537 Close: 0.6541 Mid: 0.6543 | 20 |
21 | 22 Open: 0.6544 Close: 0.6547 Mid: 0.6551 | 23 Open: 0.6551 Close: 0.6551 Mid: 0.6562 | 24 Open: 0.6551 Close: 0.6561 Mid: 0.6567 | 25 Open: 0.6562 Close: 0.6582 Mid: 0.6578 | 26 Open: 0.6582 Close: 0.6571 Mid: 0.6577 | 27 |
28 | 29 Open: 0.6574 Close: 0.6590 Mid: 0.6573 | 30 Open: 0.6589 Close: 0.6602 Mid: 0.6595 | 31 Open: 0.6603 Close: 0.6629 Mid: 0.6624 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6630 Close: 0.6601 Mid: 0.6599 | 2 Open: 0.6602 Close: 0.6580 Mid: 0.6595 | 3 | ||||
4 | 5 Open: 0.6586 Close: 0.6548 Mid: 0.6565 | 6 Open: 0.6547 Close: 0.6602 Mid: 0.6564 | 7 Open: 0.6604 Close: 0.6608 Mid: 0.6612 | 8 Open: 0.6608 Close: 0.6604 Mid: 0.6607 | 9 Open: 0.6603 Close: 0.6611 Mid: 0.6606 | 10 |
11 | 12 Open: 0.6608 Close: 0.6654 Mid: 0.6627 | 13 Open: 0.6653 Close: 0.6575 Mid: 0.6613 | 14 Open: 0.6575 Close: 0.6603 Mid: 0.6591 | 15 Open: 0.6603 Close: 0.6618 Mid: 0.6614 | 16 Open: 0.6619 Close: 0.6627 Mid: 0.6621 | 17 |
18 | 19 Open: 0.6621 Close: 0.6649 Mid: 0.6638 | 20 Open: 0.6649 Close: 0.6657 Mid: 0.6648 | 21 Open: 0.6656 Close: 0.6649 Mid: 0.6652 | 22 Open: 0.6649 Close: 0.6671 Mid: 0.6669 | 23 Open: 0.6675 Close: 0.6672 Mid: 0.6676 | 24 |
25 | 26 Open: 0.6664 Close: 0.6680 Mid: 0.6674 | 27 Open: 0.6679 Close: 0.6667 Mid: 0.6673 | 28 Open: 0.6667 Close: 0.6654 Mid: 0.6657 | 29 Open: 0.6655 Close: 0.6649 Mid: 0.6655 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6650 Close: 0.6663 Mid: 0.6660 | 2 | |||||
3 | 4 Open: 0.6665 Close: 0.6619 Mid: 0.6644 | 5 Open: 0.6619 Close: 0.6614 Mid: 0.6616 | 6 Open: 0.6616 Close: 0.6641 Mid: 0.6626 | 7 Open: 0.6641 Close: 0.6658 Mid: 0.6659 | 8 Open: 0.6658 Close: 0.6668 Mid: 0.6666 | 9 |
10 | 11 Open: 0.6675 Close: 0.6663 Mid: 0.6663 | 12 Open: 0.6663 Close: 0.6666 Mid: 0.6674 | 13 Open: 0.6666 Close: 0.6660 Mid: 0.6661 | 14 Open: 0.6660 Close: 0.6626 Mid: 0.6643 | 15 Open: 0.6626 Close: 0.6609 Mid: 0.6615 | 16 |
17 | 18 Open: 0.6612 Close: 0.6573 Mid: 0.6585 | 19 Open: 0.6573 Close: 0.6578 Mid: 0.6566 | 20 Open: 0.6577 Close: 0.6574 Mid: 0.6563 | 21 Open: 0.6574 Close: 0.6562 Mid: 0.6568 | 22 Open: 0.6562 Close: 0.6531 Mid: 0.6545 | 23 |
24 | 25 Open: 0.6528 Close: 0.6506 Mid: 0.6519 | 26 Open: 0.6506 Close: 0.6502 Mid: 0.6505 | 27 Open: 0.6502 Close: 0.6489 Mid: 0.6495 | 28 Open: 0.6489 Close: 0.6462 Mid: 0.6474 | 29 Open: 0.6462 Close: 0.6478 Mid: 0.6466 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6474 Close: 0.6429 Mid: 0.6449 | 2 Open: 0.6429 Close: 0.6450 Mid: 0.6454 | 3 Open: 0.6450 Close: 0.6467 Mid: 0.6458 | 4 Open: 0.6467 Close: 0.6468 Mid: 0.6480 | 5 Open: 0.6468 Close: 0.6468 Mid: 0.6468 | 6 | |
7 | 8 Open: 0.6470 Close: 0.6502 Mid: 0.6493 | 9 Open: 0.6502 Close: 0.6510 Mid: 0.6510 | 10 Open: 0.6510 Close: 0.6477 Mid: 0.6492 | 11 Open: 0.6477 Close: 0.6484 Mid: 0.6474 | 12 Open: 0.6484 Close: 0.6441 Mid: 0.6461 | 13 |
14 | 15 Open: 0.6445 Close: 0.6450 Mid: 0.6448 | 16 Open: 0.6450 Close: 0.6410 Mid: 0.6429 | 17 Open: 0.6410 Close: 0.6387 Mid: 0.6395 | 18 Open: 0.6387 Close: 0.6390 Mid: 0.6403 | 19 Open: 0.6390 Close: 0.6410 Mid: 0.6394 | 20 |
21 | 22 Open: 0.6404 Close: 0.6431 Mid: 0.6418 | 23 Open: 0.6431 Close: 0.6444 Mid: 0.6431 | 24 Open: 0.6444 Close: 0.6406 Mid: 0.6427 | 25 Open: 0.6406 Close: 0.6386 Mid: 0.6389 | 26 Open: 0.6385 Close: 0.6373 Mid: 0.6386 | 27 |
28 | 29 Open: 0.6428 Close: 0.6369 Mid: 0.6396 | 30 Open: 0.6369 Close: 0.6344 Mid: 0.6354 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6343 Close: 0.6372 Mid: 0.6358 | 2 Open: 0.6372 Close: 0.6400 Mid: 0.6385 | 3 Open: 0.6400 Close: 0.6406 Mid: 0.6406 | 4 | |||
5 | 6 Open: 0.6414 Close: 0.6404 Mid: 0.6404 | 7 Open: 0.6404 Close: 0.6384 Mid: 0.6394 | 8 Open: 0.6384 Close: 0.6361 Mid: 0.6368 | 9 Open: 0.6361 Close: 0.6376 Mid: 0.6368 | 10 Open: 0.6376 Close: 0.6389 Mid: 0.6380 | 11 |
12 | 13 Open: 0.6389 Close: 0.6378 Mid: 0.6381 | 14 Open: 0.6378 Close: 0.6381 Mid: 0.6369 | 15 Open: 0.6381 Close: 0.6427 Mid: 0.6405 | 16 Open: 0.6427 Close: 0.6406 Mid: 0.6420 | 17 Open: 0.6406 Close: 0.6406 Mid: 0.6407 | 18 |
19 | 20 Open: 0.6410 Close: 0.6429 Mid: 0.6421 | 21 Open: 0.6429 Close: 0.6427 Mid: 0.6435 | 22 Open: 0.6427 Close: 0.6421 Mid: 0.6424 | 23 Open: 0.6421 Close: 0.6424 Mid: 0.6432 | 24 Open: 0.6424 Close: 0.6449 Mid: 0.6437 | 25 |
26 | 27 Open: 0.6443 Close: 0.6474 Mid: 0.6462 | 28 Open: 0.6474 Close: 0.6498 Mid: 0.6493 | 29 Open: 0.6498 Close: 0.6470 Mid: 0.6488 | 30 Open: 0.6470 Close: 0.6501 Mid: 0.6479 | 31 Open: 0.6501 Close: 0.6529 Mid: 0.6515 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.6529 Close: 0.6572 Mid: 0.6550 | 4 Open: 0.6572 Close: 0.6568 Mid: 0.6562 | 5 Open: 0.6568 Close: 0.6602 Mid: 0.6590 | 6 Open: 0.6602 Close: 0.6592 Mid: 0.6595 | 7 Open: 0.6592 Close: 0.6553 Mid: 0.6580 | 8 |
9 | 10 Open: 0.6554 Close: 0.6614 Mid: 0.6577 | 11 Open: 0.6614 Close: 0.6624 Mid: 0.6616 | 12 Open: 0.6624 Close: 0.6652 Mid: 0.6653 | 13 Open: 0.6652 Close: 0.6632 Mid: 0.6643 | 14 Open: 0.6632 Close: 0.6627 Mid: 0.6625 | 15 |
16 | 17 Open: 0.6620 Close: 0.6631 Mid: 0.6618 | 18 Open: 0.6631 Close: 0.6654 Mid: 0.6635 | 19 Open: 0.6654 Close: 0.6653 Mid: 0.6658 | 20 Open: 0.6652 Close: 0.6636 Mid: 0.6655 | 21 Open: 0.6636 Close: 0.6639 Mid: 0.6635 | 22 |
23 | 24 Open: 0.6630 Close: 0.6633 Mid: 0.6635 | 25 Open: 0.6633 Close: 0.6626 Mid: 0.6637 | 26 Open: 0.6626 Close: 0.6604 Mid: 0.6608 | 27 Open: 0.6605 Close: 0.6558 Mid: 0.6582 | 28 Open: 0.6558 Close: 0.6567 Mid: 0.6558 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6576 Close: 0.6543 Mid: 0.6559 | 2 Open: 0.6543 Close: 0.6561 Mid: 0.6538 | 3 Open: 0.6561 Close: 0.6588 Mid: 0.6574 | 4 Open: 0.6587 Close: 0.6570 Mid: 0.6578 | 5 Open: 0.6570 Close: 0.6568 Mid: 0.6568 | 6 | |
7 | 8 Open: 0.6561 Close: 0.6512 Mid: 0.6539 | 9 Open: 0.6512 Close: 0.6537 Mid: 0.6524 | 10 Open: 0.6537 Close: 0.6533 Mid: 0.6536 | 11 Open: 0.6533 Close: 0.6541 Mid: 0.6546 | 12 Open: 0.6542 Close: 0.6497 Mid: 0.6518 | 13 |
14 | 15 Open: 0.6510 Close: 0.6460 Mid: 0.6481 | 16 Open: 0.6460 Close: 0.6460 Mid: 0.6454 | 17 Open: 0.6460 Close: 0.6467 Mid: 0.6465 | 18 Open: 0.6468 Close: 0.6457 Mid: 0.6466 | 19 Open: 0.6458 Close: 0.6422 Mid: 0.6449 | 20 |
21 | 22 Open: 0.6428 Close: 0.6389 Mid: 0.6416 | 23 Open: 0.6389 Close: 0.6387 Mid: 0.6390 | 24 Open: 0.6387 Close: 0.6387 Mid: 0.6379 | 25 Open: 0.6387 Close: 0.6352 Mid: 0.6359 | 26 Open: 0.6352 Close: 0.6353 Mid: 0.6361 | 27 |
28 | 29 Open: 0.6353 Close: 0.6368 Mid: 0.6362 | 30 Open: 0.6368 Close: 0.6409 Mid: 0.6384 | 31 Open: 0.6409 Close: 0.6445 Mid: 0.6423 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6445 Close: 0.6443 Mid: 0.6451 | 2 Open: 0.6443 Close: 0.6464 Mid: 0.6445 | 3 | ||||
4 | 5 Open: 0.6469 Close: 0.6450 Mid: 0.6455 | 6 Open: 0.6450 Close: 0.6483 Mid: 0.6472 | 7 Open: 0.6483 Close: 0.6513 Mid: 0.6520 | 8 Open: 0.6513 Close: 0.6501 Mid: 0.6515 | 9 Open: 0.6501 Close: 0.6498 Mid: 0.6503 | 10 |
11 | 12 Open: 0.6494 Close: 0.6486 Mid: 0.6492 | 13 Open: 0.6486 Close: 0.6486 Mid: 0.6487 | 14 Open: 0.6486 Close: 0.6473 Mid: 0.6495 | 15 Open: 0.6473 Close: 0.6452 Mid: 0.6462 | 16 Open: 0.6452 Close: 0.6480 Mid: 0.6459 | 17 |
18 | 19 Open: 0.6502 Close: 0.6528 Mid: 0.6502 | 20 Open: 0.6528 Close: 0.6572 Mid: 0.6553 | 21 Open: 0.6572 Close: 0.6571 Mid: 0.6564 | 22 Open: 0.6572 Close: 0.6553 Mid: 0.6561 | 23 Open: 0.6553 Close: 0.6548 Mid: 0.6544 | 24 |
25 | 26 Open: 0.6528 Close: 0.6544 Mid: 0.6549 | 27 Open: 0.6544 Close: 0.6572 Mid: 0.6554 | 28 Open: 0.6571 Close: 0.6580 Mid: 0.6579 | 29 Open: 0.6580 Close: 0.6586 Mid: 0.6579 | 30 Open: 0.6585 Close: 0.6572 Mid: 0.6577 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6576 Close: 0.6568 Mid: 0.6576 | 3 Open: 0.6568 Close: 0.6554 Mid: 0.6565 | 4 Open: 0.6554 Close: 0.6551 Mid: 0.6545 | 5 Open: 0.6551 Close: 0.6551 Mid: 0.6553 | 6 Open: 0.6550 Close: 0.6535 Mid: 0.6559 | 7 |
8 | 9 Open: 0.6538 Close: 0.6515 Mid: 0.6525 | 10 Open: 0.6515 Close: 0.6527 Mid: 0.6518 | 11 Open: 0.6527 Close: 0.6524 Mid: 0.6520 | 12 Open: 0.6524 Close: 0.6551 Mid: 0.6534 | 13 Open: 0.6551 Close: 0.6586 Mid: 0.6571 | 14 |
15 | 16 Open: 0.6575 Close: 0.6590 Mid: 0.6588 | 17 Open: 0.6590 Close: 0.6589 Mid: 0.6584 | 18 Open: 0.6589 Close: 0.6571 Mid: 0.6584 | 19 Open: 0.6571 Close: 0.6578 Mid: 0.6587 | 20 Open: 0.6578 Close: 0.6570 Mid: 0.6566 | 21 |
22 | 23 Open: 0.6569 Close: 0.6584 Mid: 0.6578 | 24 Open: 0.6584 Close: 0.6607 Mid: 0.6594 | 25 Open: 0.6607 Close: 0.6577 Mid: 0.6589 | 26 Open: 0.6577 Close: 0.6597 Mid: 0.6593 | 27 Open: 0.6597 Close: 0.6618 Mid: 0.6608 | 28 |
29 | 30 Open: 0.6613 Close: 0.6589 Mid: 0.6604 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6589 Close: 0.6565 Mid: 0.6577 | 2 Open: 0.6565 Close: 0.6580 Mid: 0.6570 | 3 Open: 0.6579 Close: 0.6562 Mid: 0.6568 | 4 Open: 0.6562 Close: 0.6550 Mid: 0.6559 | 5 | ||
6 | 7 Open: 0.6571 Close: 0.6559 Mid: 0.6555 | 8 Open: 0.6559 Close: 0.6572 Mid: 0.6560 | 9 Open: 0.6572 Close: 0.6559 Mid: 0.6566 | 10 Open: 0.6559 Close: 0.6565 Mid: 0.6563 | 11 Open: 0.6566 Close: 0.6576 Mid: 0.6567 | 12 |
13 | 14 Open: 0.6571 Close: 0.6562 Mid: 0.6568 | 15 Open: 0.6562 Close: 0.6577 Mid: 0.6582 | 16 Open: 0.6576 Close: 0.6540 Mid: 0.6568 | 17 Open: 0.6540 Close: 0.6533 Mid: 0.6538 | 18 Open: 0.6534 Close: 0.6525 Mid: 0.6535 | 19 |
20 | 21 Open: 0.6525 Close: 0.6528 Mid: 0.6523 | 22 Open: 0.6528 Close: 0.6549 Mid: 0.6540 | 23 Open: 0.6549 Close: 0.6530 Mid: 0.6531 | 24 Open: 0.6530 Close: 0.6525 Mid: 0.6532 | 25 Open: 0.6525 Close: 0.6507 Mid: 0.6515 | 26 |
27 | 28 Open: 0.6511 Close: 0.6475 Mid: 0.6499 | 29 Open: 0.6476 Close: 0.6482 Mid: 0.6478 | 30 Open: 0.6482 Close: 0.6435 Mid: 0.6450 | 31 Open: 0.6435 Close: 0.6436 Mid: 0.6427 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6436 Close: 0.6407 Mid: 0.6423 | 2 | |||||
3 | 4 Open: 0.6414 Close: 0.6391 Mid: 0.6407 | 5 Open: 0.6391 Close: 0.6376 Mid: 0.6392 | 6 Open: 0.6376 Close: 0.6404 Mid: 0.6383 | 7 Open: 0.6404 Close: 0.6462 Mid: 0.6428 | 8 Open: 0.6462 Close: 0.6431 Mid: 0.6440 | 9 |
10 | 11 Open: 0.6422 Close: 0.6455 Mid: 0.6438 | 12 Open: 0.6455 Close: 0.6443 Mid: 0.6445 | 13 Open: 0.6443 Close: 0.6428 Mid: 0.6434 | 14 Open: 0.6428 Close: 0.6439 Mid: 0.6434 | 15 Open: 0.6439 Close: 0.6447 Mid: 0.6444 | 16 |
17 | 18 Open: 0.6445 Close: 0.6455 Mid: 0.6440 | 19 Open: 0.6455 Close: 0.6447 Mid: 0.6445 | 20 Open: 0.6447 Close: 0.6415 Mid: 0.6432 | 21 Open: 0.6415 Close: 0.6434 Mid: 0.6431 | 22 Open: 0.6435 Close: 0.6485 Mid: 0.6462 | 23 |
24 | 25 Open: 0.6483 Close: 0.6470 Mid: 0.6484 | 26 Open: 0.6470 Close: 0.6472 Mid: 0.6465 | 27 Open: 0.6472 Close: 0.6470 Mid: 0.6471 | 28 Open: 0.6470 Close: 0.6469 Mid: 0.6469 | 29 Open: 0.6469 Close: 0.6469 Mid: 0.6472 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.6475 Close: 0.6463 Mid: 0.6472 | 3 Open: 0.6463 Close: 0.6445 Mid: 0.6449 | 4 Open: 0.6446 Close: 0.6493 Mid: 0.6466 | 5 Open: 0.6493 Close: 0.6491 Mid: 0.6486 | 6 Open: 0.6491 Close: 0.6453 Mid: 0.6476 | 7 |
8 | 9 Open: 0.6459 Close: 0.6475 Mid: 0.6463 | 10 Open: 0.6475 Close: 0.6455 Mid: 0.6464 | 11 Open: 0.6456 Close: 0.6472 Mid: 0.6469 | 12 Open: 0.6472 Close: 0.6466 Mid: 0.6478 | 13 Open: 0.6466 Close: 0.6467 Mid: 0.6469 | 14 |
15 | 16 Open: 0.6465 Close: 0.6518 Mid: 0.6493 | 17 Open: 0.6518 Close: 0.6485 Mid: 0.6500 | 18 Open: 0.6485 Close: 0.6475 Mid: 0.6482 | 19 Open: 0.6475 Close: 0.6526 Mid: 0.6504 | 20 Open: 0.6526 Close: 0.6480 Mid: 0.6508 | 21 |
22 | 23 Open: 0.6486 Close: 0.6488 Mid: 0.6488 | 24 Open: 0.6488 Close: 0.6465 Mid: 0.6478 | 25 Open: 0.6488 Close: 0.6465 Mid: 0.6478 | 26 Open: 0.6466 Close: 0.6477 Mid: 0.6475 | 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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