Best Swedish Krona / Hong Kong Dollar Exchange Rate Today: 0.7000
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.6979, and the most competitive travel money / cash rates start at approximately 0.6937.
Live rate: 1 SEK = 0.7000 HKD (+0.0143% )
Inverted: 1 HKD = 1.4286 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 | 0.7000 | 0 | 0.6930 | |||
 | 0.6979 (indicative) | 0 | 0.6979 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.6951 (indicative) | 0 | 0.6951 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.7000 | 1.38% | 0.6903 | 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. | |
 | 0.6937 | 0 | 0.6937 | 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  | 0.6804 (upper range) | Variable | 0.6804 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.6755 (lower range) | Variable | 0.6755 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.6685 | 0 | 0.6685 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7823 Close: 0.7741 Mid: 0.7786 | 2 Open: 0.7741 Close: 0.7644 Mid: 0.7715 | 3 Open: 0.7645 Close: 0.7588 Mid: 0.7622 | 4 Open: 0.7590 Close: 0.7642 Mid: 0.7626 | 5 Open: 0.7641 Close: 0.7611 Mid: 0.7625 | 6 | |
7 | 8 Open: 0.7616 Close: 0.7628 Mid: 0.7616 | 9 Open: 0.7630 Close: 0.7620 Mid: 0.7621 | 10 Open: 0.7625 Close: 0.7648 Mid: 0.7635 | 11 Open: 0.7648 Close: 0.7621 Mid: 0.7630 | 12 Open: 0.7621 Close: 0.7609 Mid: 0.7616 | 13 |
14 | 15 Open: 0.7608 Close: 0.7575 Mid: 0.7598 | 16 Open: 0.7576 Close: 0.7494 Mid: 0.7534 | 17 Open: 0.7497 Close: 0.7484 Mid: 0.7474 | 18 Open: 0.7487 Close: 0.7458 Mid: 0.7464 | 19 Open: 0.7459 Close: 0.7471 Mid: 0.7466 | 20 |
21 | 22 Open: 0.7475 Close: 0.7468 Mid: 0.7480 | 23 Open: 0.7472 Close: 0.7458 Mid: 0.7477 | 24 Open: 0.7458 Close: 0.7488 Mid: 0.7494 | 25 Open: 0.7490 Close: 0.7488 Mid: 0.7489 | 26 Open: 0.7487 Close: 0.7476 Mid: 0.7484 | 27 |
28 | 29 Open: 0.7474 Close: 0.7485 Mid: 0.7458 | 30 Open: 0.7483 Close: 0.7509 Mid: 0.7489 | 31 Open: 0.7510 Close: 0.7521 Mid: 0.7534 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7522 Close: 0.7528 Mid: 0.7502 | 2 Open: 0.7530 Close: 0.7449 Mid: 0.7495 | 3 | ||||
4 | 5 Open: 0.7453 Close: 0.7377 Mid: 0.7405 | 6 Open: 0.7376 Close: 0.7445 Mid: 0.7399 | 7 Open: 0.7447 Close: 0.7464 Mid: 0.7461 | 8 Open: 0.7465 Close: 0.7468 Mid: 0.7458 | 9 Open: 0.7466 Close: 0.7479 Mid: 0.7470 | 10 |
11 | 12 Open: 0.7477 Close: 0.7517 Mid: 0.7497 | 13 Open: 0.7516 Close: 0.7387 Mid: 0.7461 | 14 Open: 0.7387 Close: 0.7430 Mid: 0.7408 | 15 Open: 0.7429 Close: 0.7479 Mid: 0.7461 | 16 Open: 0.7478 Close: 0.7494 Mid: 0.7479 | 17 |
18 | 19 Open: 0.7486 Close: 0.7520 Mid: 0.7507 | 20 Open: 0.7520 Close: 0.7547 Mid: 0.7540 | 21 Open: 0.7547 Close: 0.7546 Mid: 0.7544 | 22 Open: 0.7548 Close: 0.7577 Mid: 0.7584 | 23 Open: 0.7581 Close: 0.7577 Mid: 0.7584 | 24 |
25 | 26 Open: 0.7576 Close: 0.7608 Mid: 0.7590 | 27 Open: 0.7608 Close: 0.7590 Mid: 0.7600 | 28 Open: 0.7589 Close: 0.7574 Mid: 0.7567 | 29 Open: 0.7575 Close: 0.7546 Mid: 0.7567 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7548 Close: 0.7587 Mid: 0.7568 | 2 | |||||
3 | 4 Open: 0.7588 Close: 0.7543 Mid: 0.7570 | 5 Open: 0.7543 Close: 0.7538 Mid: 0.7541 | 6 Open: 0.7540 Close: 0.7599 Mid: 0.7569 | 7 Open: 0.7598 Close: 0.7649 Mid: 0.7620 | 8 Open: 0.7649 Close: 0.7653 Mid: 0.7661 | 9 |
10 | 11 Open: 0.7663 Close: 0.7637 Mid: 0.7640 | 12 Open: 0.7637 Close: 0.7642 Mid: 0.7646 | 13 Open: 0.7642 Close: 0.7650 Mid: 0.7643 | 14 Open: 0.7649 Close: 0.7566 Mid: 0.7610 | 15 Open: 0.7566 Close: 0.7549 Mid: 0.7554 | 16 |
17 | 18 Open: 0.7545 Close: 0.7494 Mid: 0.7519 | 19 Open: 0.7494 Close: 0.7497 Mid: 0.7474 | 20 Open: 0.7497 Close: 0.7532 Mid: 0.7494 | 21 Open: 0.7532 Close: 0.7473 Mid: 0.7501 | 22 Open: 0.7473 Close: 0.7402 Mid: 0.7439 | 23 |
24 | 25 Open: 0.7402 Close: 0.7395 Mid: 0.7399 | 26 Open: 0.7395 Close: 0.7387 Mid: 0.7403 | 27 Open: 0.7386 Close: 0.7372 Mid: 0.7375 | 28 Open: 0.7372 Close: 0.7314 Mid: 0.7335 | 29 Open: 0.7314 Close: 0.7334 Mid: 0.7318 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7331 Close: 0.7246 Mid: 0.7285 | 2 Open: 0.7246 Close: 0.7292 Mid: 0.7281 | 3 Open: 0.7292 Close: 0.7356 Mid: 0.7324 | 4 Open: 0.7355 Close: 0.7356 Mid: 0.7380 | 5 Open: 0.7356 Close: 0.7358 Mid: 0.7344 | 6 | |
7 | 8 Open: 0.7362 Close: 0.7414 Mid: 0.7391 | 9 Open: 0.7414 Close: 0.7420 Mid: 0.7428 | 10 Open: 0.7420 Close: 0.7309 Mid: 0.7360 | 11 Open: 0.7310 Close: 0.7307 Mid: 0.7299 | 12 Open: 0.7307 Close: 0.7200 Mid: 0.7242 | 13 |
14 | 15 Open: 0.7200 Close: 0.7191 Mid: 0.7204 | 16 Open: 0.7191 Close: 0.7144 Mid: 0.7166 | 17 Open: 0.7144 Close: 0.7154 Mid: 0.7143 | 18 Open: 0.7154 Close: 0.7140 Mid: 0.7168 | 19 Open: 0.7140 Close: 0.7171 Mid: 0.7156 | 20 |
21 | 22 Open: 0.7165 Close: 0.7195 Mid: 0.7177 | 23 Open: 0.7195 Close: 0.7243 Mid: 0.7217 | 24 Open: 0.7243 Close: 0.7197 Mid: 0.7217 | 25 Open: 0.7197 Close: 0.7192 Mid: 0.7185 | 26 Open: 0.7191 Close: 0.7152 Mid: 0.7178 | 27 |
28 | 29 Open: 0.7217 Close: 0.7164 Mid: 0.7189 | 30 Open: 0.7164 Close: 0.7098 Mid: 0.7134 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7098 Close: 0.7159 Mid: 0.7129 | 2 Open: 0.7159 Close: 0.7191 Mid: 0.7162 | 3 Open: 0.7191 Close: 0.7221 Mid: 0.7234 | 4 | |||
5 | 6 Open: 0.7230 Close: 0.7229 Mid: 0.7224 | 7 Open: 0.7229 Close: 0.7200 Mid: 0.7214 | 8 Open: 0.7200 Close: 0.7167 Mid: 0.7177 | 9 Open: 0.7166 Close: 0.7201 Mid: 0.7170 | 10 Open: 0.7201 Close: 0.7208 Mid: 0.7199 | 11 |
12 | 13 Open: 0.7211 Close: 0.7205 Mid: 0.7209 | 14 Open: 0.7205 Close: 0.7229 Mid: 0.7200 | 15 Open: 0.7229 Close: 0.7322 Mid: 0.7275 | 16 Open: 0.7322 Close: 0.7280 Mid: 0.7302 | 17 Open: 0.7280 Close: 0.7280 Mid: 0.7277 | 18 |
19 | 20 Open: 0.7284 Close: 0.7295 Mid: 0.7297 | 21 Open: 0.7295 Close: 0.7296 Mid: 0.7306 | 22 Open: 0.7296 Close: 0.7271 Mid: 0.7293 | 23 Open: 0.7271 Close: 0.7271 Mid: 0.7287 | 24 Open: 0.7271 Close: 0.7323 Mid: 0.7302 | 25 |
26 | 27 Open: 0.7320 Close: 0.7356 Mid: 0.7339 | 28 Open: 0.7356 Close: 0.7386 Mid: 0.7389 | 29 Open: 0.7386 Close: 0.7320 Mid: 0.7356 | 30 Open: 0.7320 Close: 0.7381 Mid: 0.7346 | 31 Open: 0.7381 Close: 0.7426 Mid: 0.7409 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.7426 Close: 0.7516 Mid: 0.7463 | 4 Open: 0.7515 Close: 0.7484 Mid: 0.7484 | 5 Open: 0.7484 Close: 0.7515 Mid: 0.7502 | 6 Open: 0.7515 Close: 0.7515 Mid: 0.7515 | 7 Open: 0.7515 Close: 0.7414 Mid: 0.7477 | 8 |
9 | 10 Open: 0.7407 Close: 0.7457 Mid: 0.7414 | 11 Open: 0.7457 Close: 0.7453 Mid: 0.7446 | 12 Open: 0.7453 Close: 0.7527 Mid: 0.7520 | 13 Open: 0.7527 Close: 0.7455 Mid: 0.7493 | 14 Open: 0.7455 Close: 0.7426 Mid: 0.7422 | 15 |
16 | 17 Open: 0.7418 Close: 0.7453 Mid: 0.7425 | 18 Open: 0.7453 Close: 0.7479 Mid: 0.7454 | 19 Open: 0.7479 Close: 0.7481 Mid: 0.7484 | 20 Open: 0.7481 Close: 0.7432 Mid: 0.7467 | 21 Open: 0.7431 Close: 0.7428 Mid: 0.7422 | 22 |
23 | 24 Open: 0.7412 Close: 0.7454 Mid: 0.7442 | 25 Open: 0.7454 Close: 0.7432 Mid: 0.7447 | 26 Open: 0.7433 Close: 0.7386 Mid: 0.7397 | 27 Open: 0.7385 Close: 0.7349 Mid: 0.7373 | 28 Open: 0.7349 Close: 0.7367 Mid: 0.7352 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7390 Close: 0.7360 Mid: 0.7386 | 2 Open: 0.7360 Close: 0.7385 Mid: 0.7349 | 3 Open: 0.7385 Close: 0.7442 Mid: 0.7421 | 4 Open: 0.7442 Close: 0.7438 Mid: 0.7438 | 5 Open: 0.7438 Close: 0.7458 Mid: 0.7444 | 6 | |
7 | 8 Open: 0.7427 Close: 0.7380 Mid: 0.7419 | 9 Open: 0.7381 Close: 0.7403 Mid: 0.7392 | 10 Open: 0.7403 Close: 0.7408 Mid: 0.7405 | 11 Open: 0.7408 Close: 0.7440 Mid: 0.7444 | 12 Open: 0.7440 Close: 0.7416 Mid: 0.7423 | 13 |
14 | 15 Open: 0.7412 Close: 0.7363 Mid: 0.7391 | 16 Open: 0.7364 Close: 0.7371 Mid: 0.7354 | 17 Open: 0.7371 Close: 0.7405 Mid: 0.7389 | 18 Open: 0.7406 Close: 0.7366 Mid: 0.7388 | 19 Open: 0.7366 Close: 0.7315 Mid: 0.7351 | 20 |
21 | 22 Open: 0.7327 Close: 0.7280 Mid: 0.7307 | 23 Open: 0.7280 Close: 0.7255 Mid: 0.7262 | 24 Open: 0.7255 Close: 0.7244 Mid: 0.7241 | 25 Open: 0.7244 Close: 0.7207 Mid: 0.7215 | 26 Open: 0.7207 Close: 0.7214 Mid: 0.7225 | 27 |
28 | 29 Open: 0.7220 Close: 0.7213 Mid: 0.7216 | 30 Open: 0.7213 Close: 0.7257 Mid: 0.7227 | 31 Open: 0.7257 Close: 0.7304 Mid: 0.7283 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7305 Close: 0.7283 Mid: 0.7301 | 2 Open: 0.7283 Close: 0.7379 Mid: 0.7324 | 3 | ||||
4 | 5 Open: 0.7392 Close: 0.7374 Mid: 0.7372 | 6 Open: 0.7374 Close: 0.7403 Mid: 0.7393 | 7 Open: 0.7403 Close: 0.7434 Mid: 0.7441 | 8 Open: 0.7434 Close: 0.7415 Mid: 0.7428 | 9 Open: 0.7415 Close: 0.7412 Mid: 0.7420 | 10 |
11 | 12 Open: 0.7406 Close: 0.7403 Mid: 0.7407 | 13 Open: 0.7403 Close: 0.7442 Mid: 0.7420 | 14 Open: 0.7442 Close: 0.7444 Mid: 0.7461 | 15 Open: 0.7444 Close: 0.7398 Mid: 0.7419 | 16 Open: 0.7397 Close: 0.7465 Mid: 0.7420 | 17 |
18 | 19 Open: 0.7491 Close: 0.7553 Mid: 0.7501 | 20 Open: 0.7554 Close: 0.7634 Mid: 0.7592 | 21 Open: 0.7634 Close: 0.7652 Mid: 0.7636 | 22 Open: 0.7652 Close: 0.7610 Mid: 0.7635 | 23 Open: 0.7610 Close: 0.7660 Mid: 0.7623 | 24 |
25 | 26 Open: 0.7631 Close: 0.7632 Mid: 0.7646 | 27 Open: 0.7632 Close: 0.7687 Mid: 0.7657 | 28 Open: 0.7686 Close: 0.7652 Mid: 0.7660 | 29 Open: 0.7653 Close: 0.7626 Mid: 0.7634 | 30 Open: 0.7626 Close: 0.7590 Mid: 0.7609 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.7594 Close: 0.7602 Mid: 0.7606 | 3 Open: 0.7602 Close: 0.7566 Mid: 0.7580 | 4 Open: 0.7566 Close: 0.7588 Mid: 0.7571 | 5 Open: 0.7587 Close: 0.7601 Mid: 0.7595 | 6 Open: 0.7601 Close: 0.7568 Mid: 0.7606 | 7 |
8 | 9 Open: 0.7570 Close: 0.7513 Mid: 0.7542 | 10 Open: 0.7513 Close: 0.7515 Mid: 0.7514 | 11 Open: 0.7515 Close: 0.7508 Mid: 0.7510 | 12 Open: 0.7508 Close: 0.7586 Mid: 0.7544 | 13 Open: 0.7586 Close: 0.7625 Mid: 0.7614 | 14 |
15 | 16 Open: 0.7613 Close: 0.7662 Mid: 0.7643 | 17 Open: 0.7662 Close: 0.7649 Mid: 0.7650 | 18 Open: 0.7649 Close: 0.7632 Mid: 0.7666 | 19 Open: 0.7633 Close: 0.7673 Mid: 0.7658 | 20 Open: 0.7673 Close: 0.7661 Mid: 0.7659 | 21 |
22 | 23 Open: 0.7659 Close: 0.7637 Mid: 0.7633 | 24 Open: 0.7637 Close: 0.7710 Mid: 0.7667 | 25 Open: 0.7709 Close: 0.7643 Mid: 0.7681 | 26 Open: 0.7643 Close: 0.7692 Mid: 0.7677 | 27 Open: 0.7692 Close: 0.7700 Mid: 0.7694 | 28 |
29 | 30 Open: 0.7694 Close: 0.7650 Mid: 0.7681 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7651 Close: 0.7570 Mid: 0.7600 | 2 Open: 0.7570 Close: 0.7564 Mid: 0.7563 | 3 Open: 0.7564 Close: 0.7534 Mid: 0.7552 | 4 Open: 0.7534 Close: 0.7491 Mid: 0.7511 | 5 | ||
6 | 7 Open: 0.7514 Close: 0.7498 Mid: 0.7493 | 8 Open: 0.7497 Close: 0.7524 Mid: 0.7507 | 9 Open: 0.7525 Close: 0.7476 Mid: 0.7501 | 10 Open: 0.7476 Close: 0.7478 Mid: 0.7473 | 11 Open: 0.7479 Close: 0.7491 Mid: 0.7482 | 12 |
13 | 14 Open: 0.7482 Close: 0.7449 Mid: 0.7461 | 15 Open: 0.7449 Close: 0.7457 Mid: 0.7470 | 16 Open: 0.7457 Close: 0.7399 Mid: 0.7443 | 17 Open: 0.7399 Close: 0.7376 Mid: 0.7388 | 18 Open: 0.7376 Close: 0.7388 Mid: 0.7382 | 19 |
20 | 21 Open: 0.7383 Close: 0.7359 Mid: 0.7371 | 22 Open: 0.7359 Close: 0.7371 Mid: 0.7372 | 23 Open: 0.7371 Close: 0.7333 Mid: 0.7337 | 24 Open: 0.7333 Close: 0.7360 Mid: 0.7343 | 25 Open: 0.7359 Close: 0.7316 Mid: 0.7343 | 26 |
27 | 28 Open: 0.7319 Close: 0.7297 Mid: 0.7316 | 29 Open: 0.7296 Close: 0.7304 Mid: 0.7293 | 30 Open: 0.7304 Close: 0.7278 Mid: 0.7283 | 31 Open: 0.7279 Close: 0.7300 Mid: 0.7271 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7300 Close: 0.7241 Mid: 0.7281 | 2 | |||||
3 | 4 Open: 0.7276 Close: 0.7246 Mid: 0.7274 | 5 Open: 0.7246 Close: 0.7264 Mid: 0.7262 | 6 Open: 0.7263 Close: 0.7165 Mid: 0.7192 | 7 Open: 0.7164 Close: 0.7273 Mid: 0.7218 | 8 Open: 0.7273 Close: 0.7187 Mid: 0.7214 | 9 |
10 | 11 Open: 0.7170 Close: 0.7171 Mid: 0.7166 | 12 Open: 0.7171 Close: 0.7137 Mid: 0.7143 | 13 Open: 0.7137 Close: 0.7083 Mid: 0.7110 | 14 Open: 0.7083 Close: 0.7074 Mid: 0.7075 | 15 Open: 0.7075 Close: 0.7092 Mid: 0.7090 | 16 |
17 | 18 Open: 0.7084 Close: 0.7138 Mid: 0.7104 | 19 Open: 0.7138 Close: 0.7128 Mid: 0.7107 | 20 Open: 0.7129 Close: 0.7058 Mid: 0.7090 | 21 Open: 0.7058 Close: 0.7033 Mid: 0.7053 | 22 Open: 0.7033 Close: 0.7053 Mid: 0.7025 | 23 |
24 | 25 Open: 0.7087 Close: 0.7085 Mid: 0.7092 | 26 Open: 0.7085 Close: 0.7084 Mid: 0.7073 | 27 Open: 0.7084 Close: 0.7132 Mid: 0.7115 | 28 Open: 0.7132 Close: 0.7126 Mid: 0.7121 | 29 Open: 0.7127 Close: 0.7139 Mid: 0.7140 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.7144 Close: 0.7079 Mid: 0.7095 | 3 Open: 0.7079 Close: 0.7068 Mid: 0.7076 | 4 Open: 0.7068 Close: 0.7123 Mid: 0.7088 | 5 Open: 0.7123 Close: 0.7171 Mid: 0.7142 | 6 Open: 0.7171 Close: 0.7114 Mid: 0.7148 | 7 |
8 | 9 Open: 0.7116 Close: 0.7124 Mid: 0.7121 | 10 Open: 0.7124 Close: 0.7085 Mid: 0.7100 | 11 Open: 0.7085 Close: 0.7082 Mid: 0.7084 | 12 Open: 0.7082 Close: 0.7056 Mid: 0.7090 | 13 Open: 0.7056 Close: 0.7081 Mid: 0.7070 | 14 |
15 | 16 Open: 0.7074 Close: 0.7141 Mid: 0.7110 | 17 Open: 0.7141 Close: 0.7086 Mid: 0.7111 | 18 Open: 0.7086 Close: 0.6981 Mid: 0.7046 | 19 Open: 0.6981 Close: 0.7043 Mid: 0.7037 | 20 Open: 0.7043 Close: 0.7045 Mid: 0.7052 | 21 |
22 | 23 Open: 0.7054 Close: 0.7033 Mid: 0.7038 | 24 Open: 0.7033 Close: 0.6999 Mid: 0.7014 | 25 Open: 0.7033 Close: 0.6999 Mid: 0.7014 | 26 Open: 0.7000 Close: 0.7011 Mid: 0.7009 | 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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