Best Swedish Krona / Icelandic Krona Exchange Rate Today: 14.9520
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 14.9071, and the most competitive travel money / cash rates start at approximately 14.8174.
Live rate: 1 SEK = 14.9520 ISK (-0.18% )
Inverted: 1 ISK = 0.0669 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 | 14.9520 | 0 | 14.8025 | |||
 | 14.9071 (indicative) | 0 | 14.9071 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 14.8473 (indicative) | 0 | 14.8473 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 14.9520 | 2.66% | 14.5543 | 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. | |
 | 14.8174 | 0 | 14.8174 | 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  | 14.5333 (upper range) | Variable | 14.5333 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 14.4287 (lower range) | Variable | 14.4287 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 14.2792 | 0 | 14.2792 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.5848 Close: 13.4799 Mid: 13.5301 | 2 Open: 13.4777 Close: 13.4721 Mid: 13.5018 | 3 Open: 13.4730 Close: 13.4152 Mid: 13.4553 | 4 Open: 13.4130 Close: 13.4533 Mid: 13.4293 | 5 Open: 13.4554 Close: 13.4228 Mid: 13.4363 | 6 | |
7 | 8 Open: 13.4282 Close: 13.4457 Mid: 13.4352 | 9 Open: 13.4505 Close: 13.4044 Mid: 13.4185 | 10 Open: 13.4123 Close: 13.3628 Mid: 13.3894 | 11 Open: 13.3615 Close: 13.3337 Mid: 13.3602 | 12 Open: 13.3330 Close: 13.2971 Mid: 13.3246 | 13 |
14 | 15 Open: 13.2966 Close: 13.2006 Mid: 13.2724 | 16 Open: 13.1975 Close: 13.1453 Mid: 13.1644 | 17 Open: 13.1481 Close: 13.1593 Mid: 13.1351 | 18 Open: 13.1557 Close: 13.1097 Mid: 13.1255 | 19 Open: 13.1094 Close: 13.0604 Mid: 13.0743 | 20 |
21 | 22 Open: 13.0663 Close: 13.0362 Mid: 13.0388 | 23 Open: 13.0435 Close: 13.0293 Mid: 13.0682 | 24 Open: 13.0283 Close: 13.0146 Mid: 13.0413 | 25 Open: 13.0168 Close: 13.0766 Mid: 13.0575 | 26 Open: 13.0765 Close: 13.0876 Mid: 13.0904 | 27 |
28 | 29 Open: 13.0917 Close: 13.1341 Mid: 13.0923 | 30 Open: 13.1322 Close: 13.1340 Mid: 13.1298 | 31 Open: 13.1362 Close: 13.1749 Mid: 13.1777 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.1740 Close: 13.1152 Mid: 13.1254 | 2 Open: 13.1168 Close: 13.0919 Mid: 13.1175 | 3 | ||||
4 | 5 Open: 13.0963 Close: 13.0041 Mid: 13.0381 | 6 Open: 13.0014 Close: 13.1070 Mid: 13.0348 | 7 Open: 13.1104 Close: 13.1419 Mid: 13.1379 | 8 Open: 13.1428 Close: 13.1768 Mid: 13.1934 | 9 Open: 13.1725 Close: 13.1561 Mid: 13.1260 | 10 |
11 | 12 Open: 13.1441 Close: 13.2321 Mid: 13.1825 | 13 Open: 13.2306 Close: 13.1162 Mid: 13.1736 | 14 Open: 13.1172 Close: 13.1723 Mid: 13.1484 | 15 Open: 13.1715 Close: 13.2195 Mid: 13.1961 | 16 Open: 13.2204 Close: 13.2212 Mid: 13.2145 | 17 |
18 | 19 Open: 13.2023 Close: 13.2637 Mid: 13.2429 | 20 Open: 13.2637 Close: 13.2595 Mid: 13.2513 | 21 Open: 13.2606 Close: 13.2866 Mid: 13.2656 | 22 Open: 13.2870 Close: 13.3071 Mid: 13.3117 | 23 Open: 13.3157 Close: 13.3455 Mid: 13.3034 | 24 |
25 | 26 Open: 13.3337 Close: 13.4105 Mid: 13.3488 | 27 Open: 13.4092 Close: 13.3555 Mid: 13.3803 | 28 Open: 13.3550 Close: 13.3291 Mid: 13.3334 | 29 Open: 13.3306 Close: 13.3346 Mid: 13.3374 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.3391 Close: 13.3798 Mid: 13.3612 | 2 | |||||
3 | 4 Open: 13.3822 Close: 13.2755 Mid: 13.3271 | 5 Open: 13.2755 Close: 13.2326 Mid: 13.2432 | 6 Open: 13.2347 Close: 13.2659 Mid: 13.2415 | 7 Open: 13.2658 Close: 13.2831 Mid: 13.2703 | 8 Open: 13.2838 Close: 13.3213 Mid: 13.3216 | 9 |
10 | 11 Open: 13.3325 Close: 13.3076 Mid: 13.3067 | 12 Open: 13.3083 Close: 13.2760 Mid: 13.3141 | 13 Open: 13.2754 Close: 13.2640 Mid: 13.2683 | 14 Open: 13.2633 Close: 13.1968 Mid: 13.2056 | 15 Open: 13.1968 Close: 13.1848 Mid: 13.2010 | 16 |
17 | 18 Open: 13.1761 Close: 13.1258 Mid: 13.1401 | 19 Open: 13.1266 Close: 13.1333 Mid: 13.1109 | 20 Open: 13.1331 Close: 13.0924 Mid: 13.0936 | 21 Open: 13.0924 Close: 13.0662 Mid: 13.0787 | 22 Open: 13.0662 Close: 13.0491 Mid: 13.0484 | 23 |
24 | 25 Open: 13.0478 Close: 13.0088 Mid: 13.0329 | 26 Open: 13.0089 Close: 13.0331 Mid: 13.0284 | 27 Open: 13.0330 Close: 13.0832 Mid: 13.0544 | 28 Open: 13.0833 Close: 13.0216 Mid: 13.0456 | 29 Open: 13.0208 Close: 13.0548 Mid: 13.0286 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.0421 Close: 12.9553 Mid: 12.9807 | 2 Open: 12.9553 Close: 13.0005 Mid: 12.9899 | 3 Open: 12.9998 Close: 13.0316 Mid: 13.0044 | 4 Open: 13.0322 Close: 13.0499 Mid: 13.0597 | 5 Open: 13.0487 Close: 13.0336 Mid: 13.0416 | 6 | |
7 | 8 Open: 13.0506 Close: 13.1019 Mid: 13.0885 | 9 Open: 13.1012 Close: 13.1526 Mid: 13.1337 | 10 Open: 13.1519 Close: 13.0515 Mid: 13.0980 | 11 Open: 13.0509 Close: 13.0814 Mid: 13.0503 | 12 Open: 13.0822 Close: 13.0063 Mid: 13.0254 | 13 |
14 | 15 Open: 13.0111 Close: 13.0110 Mid: 13.0235 | 16 Open: 13.0117 Close: 12.9455 Mid: 12.9770 | 17 Open: 12.9462 Close: 12.8672 Mid: 12.9006 | 18 Open: 12.8672 Close: 12.8777 Mid: 12.9173 | 19 Open: 12.8776 Close: 12.9309 Mid: 12.8890 | 20 |
21 | 22 Open: 12.9146 Close: 12.9556 Mid: 12.9349 | 23 Open: 12.9550 Close: 12.9844 Mid: 12.9603 | 24 Open: 12.9844 Close: 12.8921 Mid: 12.9398 | 25 Open: 12.8929 Close: 12.8531 Mid: 12.8564 | 26 Open: 12.8526 Close: 12.8436 Mid: 12.8597 | 27 |
28 | 29 Open: 12.9668 Close: 12.8328 Mid: 12.8967 | 30 Open: 12.8336 Close: 12.7503 Mid: 12.7950 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 12.7501 Close: 12.8052 Mid: 12.7768 | 2 Open: 12.8052 Close: 12.8991 Mid: 12.8503 | 3 Open: 12.8987 Close: 12.9072 Mid: 12.9195 | 4 | |||
5 | 6 Open: 12.9201 Close: 12.9030 Mid: 12.9046 | 7 Open: 12.9030 Close: 12.8638 Mid: 12.8752 | 8 Open: 12.8644 Close: 12.8254 Mid: 12.8201 | 9 Open: 12.8254 Close: 12.8469 Mid: 12.8334 | 10 Open: 12.8462 Close: 12.8709 Mid: 12.8560 | 11 |
12 | 13 Open: 12.8758 Close: 12.8660 Mid: 12.8647 | 14 Open: 12.8668 Close: 12.8793 Mid: 12.8691 | 15 Open: 12.8786 Close: 12.9470 Mid: 12.9164 | 16 Open: 12.9463 Close: 12.9077 Mid: 12.9333 | 17 Open: 12.9071 Close: 12.9048 Mid: 12.9042 | 18 |
19 | 20 Open: 12.9176 Close: 12.9511 Mid: 12.9348 | 21 Open: 12.9510 Close: 12.9278 Mid: 12.9661 | 22 Open: 12.9286 Close: 12.9167 Mid: 12.9231 | 23 Open: 12.9168 Close: 12.9424 Mid: 12.9405 | 24 Open: 12.9427 Close: 12.9532 Mid: 12.9435 | 25 |
26 | 27 Open: 12.9517 Close: 12.9531 Mid: 12.9583 | 28 Open: 12.9537 Close: 12.9846 Mid: 12.9815 | 29 Open: 12.9839 Close: 12.9472 Mid: 12.9609 | 30 Open: 12.9479 Close: 12.9629 Mid: 12.9425 | 31 Open: 12.9636 Close: 13.0513 Mid: 13.0057 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 13.0597 Close: 13.1764 Mid: 13.1099 | 4 Open: 13.1756 Close: 13.1597 Mid: 13.1672 | 5 Open: 13.1588 Close: 13.2327 Mid: 13.2088 | 6 Open: 13.2318 Close: 13.2289 Mid: 13.2306 | 7 Open: 13.2284 Close: 13.1519 Mid: 13.2090 | 8 |
9 | 10 Open: 13.1405 Close: 13.2742 Mid: 13.1987 | 11 Open: 13.2734 Close: 13.2766 Mid: 13.2691 | 12 Open: 13.2774 Close: 13.3148 Mid: 13.3227 | 13 Open: 13.3144 Close: 13.2725 Mid: 13.2942 | 14 Open: 13.2717 Close: 13.2738 Mid: 13.2545 | 15 |
16 | 17 Open: 13.2565 Close: 13.2891 Mid: 13.2600 | 18 Open: 13.2891 Close: 13.3179 Mid: 13.2915 | 19 Open: 13.3171 Close: 13.3292 Mid: 13.3353 | 20 Open: 13.3298 Close: 13.2636 Mid: 13.3228 | 21 Open: 13.2635 Close: 13.2680 Mid: 13.2617 | 22 |
23 | 24 Open: 13.2486 Close: 13.2596 Mid: 13.2686 | 25 Open: 13.2596 Close: 13.2454 Mid: 13.2682 | 26 Open: 13.2447 Close: 13.1842 Mid: 13.1996 | 27 Open: 13.1848 Close: 13.0915 Mid: 13.1390 | 28 Open: 13.0922 Close: 13.0948 Mid: 13.0863 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.1196 Close: 13.0780 Mid: 13.0923 | 2 Open: 13.0788 Close: 13.1149 Mid: 13.0725 | 3 Open: 13.1156 Close: 13.1710 Mid: 13.1405 | 4 Open: 13.1717 Close: 13.1516 Mid: 13.1579 | 5 Open: 13.1523 Close: 13.1706 Mid: 13.1548 | 6 | |
7 | 8 Open: 13.1375 Close: 13.0181 Mid: 13.0865 | 9 Open: 13.0168 Close: 13.0663 Mid: 13.0390 | 10 Open: 13.0662 Close: 13.0564 Mid: 13.0621 | 11 Open: 13.0563 Close: 13.0910 Mid: 13.0912 | 12 Open: 13.0912 Close: 12.9999 Mid: 13.0427 | 13 |
14 | 15 Open: 13.0184 Close: 12.9211 Mid: 12.9666 | 16 Open: 12.9197 Close: 12.9318 Mid: 12.9143 | 17 Open: 12.9322 Close: 12.9618 Mid: 12.9405 | 18 Open: 12.9621 Close: 12.9567 Mid: 12.9648 | 19 Open: 12.9566 Close: 12.8857 Mid: 12.9315 | 20 |
21 | 22 Open: 12.9010 Close: 12.8360 Mid: 12.8811 | 23 Open: 12.8353 Close: 12.8134 Mid: 12.8217 | 24 Open: 12.8134 Close: 12.7959 Mid: 12.7942 | 25 Open: 12.7959 Close: 12.7255 Mid: 12.7390 | 26 Open: 12.7254 Close: 12.7608 Mid: 12.7613 | 27 |
28 | 29 Open: 12.7753 Close: 12.7595 Mid: 12.7689 | 30 Open: 12.7596 Close: 12.8400 Mid: 12.7644 | 31 Open: 12.8395 Close: 12.9286 Mid: 12.8942 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 12.9289 Close: 12.9443 Mid: 12.9541 | 2 Open: 12.9458 Close: 13.0390 Mid: 12.9838 | 3 | ||||
4 | 5 Open: 13.0628 Close: 13.0109 Mid: 13.0219 | 6 Open: 13.0110 Close: 13.1319 Mid: 13.0669 | 7 Open: 13.1311 Close: 13.1694 Mid: 13.1905 | 8 Open: 13.1694 Close: 13.1698 Mid: 13.1826 | 9 Open: 13.1698 Close: 13.1581 Mid: 13.1682 | 10 |
11 | 12 Open: 13.1366 Close: 13.1330 Mid: 13.1432 | 13 Open: 13.1329 Close: 13.1853 Mid: 13.1604 | 14 Open: 13.1853 Close: 13.1961 Mid: 13.2093 | 15 Open: 13.1969 Close: 13.1862 Mid: 13.1895 | 16 Open: 13.1869 Close: 13.2494 Mid: 13.2259 | 17 |
18 | 19 Open: 13.3092 Close: 13.2901 Mid: 13.2662 | 20 Open: 13.2893 Close: 13.3981 Mid: 13.3417 | 21 Open: 13.3988 Close: 13.4112 Mid: 13.4006 | 22 Open: 13.4110 Close: 13.3855 Mid: 13.3920 | 23 Open: 13.3847 Close: 13.3851 Mid: 13.3585 | 24 |
25 | 26 Open: 13.3468 Close: 13.4113 Mid: 13.4031 | 27 Open: 13.4106 Close: 13.4696 Mid: 13.4333 | 28 Open: 13.4695 Close: 13.4879 Mid: 13.4949 | 29 Open: 13.4873 Close: 13.4993 Mid: 13.4858 | 30 Open: 13.4992 Close: 13.4711 Mid: 13.4808 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 13.4752 Close: 13.5009 Mid: 13.4939 | 3 Open: 13.5013 Close: 13.5006 Mid: 13.5005 | 4 Open: 13.5007 Close: 13.4788 Mid: 13.4744 | 5 Open: 13.4787 Close: 13.4570 Mid: 13.4697 | 6 Open: 13.4577 Close: 13.3538 Mid: 13.4320 | 7 |
8 | 9 Open: 13.3658 Close: 13.2984 Mid: 13.3255 | 10 Open: 13.2976 Close: 13.3194 Mid: 13.3039 | 11 Open: 13.3201 Close: 13.3140 Mid: 13.3163 | 12 Open: 13.3139 Close: 13.3739 Mid: 13.3295 | 13 Open: 13.3731 Close: 13.4434 Mid: 13.4079 | 14 |
15 | 16 Open: 13.4228 Close: 13.4545 Mid: 13.4520 | 17 Open: 13.4545 Close: 13.4464 Mid: 13.4350 | 18 Open: 13.4471 Close: 13.4169 Mid: 13.4407 | 19 Open: 13.4176 Close: 13.4324 Mid: 13.4582 | 20 Open: 13.4317 Close: 13.3984 Mid: 13.4014 | 21 |
22 | 23 Open: 13.4017 Close: 13.3937 Mid: 13.3959 | 24 Open: 13.3930 Close: 13.3881 Mid: 13.3884 | 25 Open: 13.3873 Close: 13.2706 Mid: 13.3253 | 26 Open: 13.2713 Close: 13.3316 Mid: 13.3147 | 27 Open: 13.3316 Close: 13.3921 Mid: 13.3598 | 28 |
29 | 30 Open: 13.3775 Close: 13.3018 Mid: 13.3442 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.3018 Close: 13.1884 Mid: 13.2386 | 2 Open: 13.1884 Close: 13.1885 Mid: 13.1885 | 3 Open: 13.1883 Close: 13.1354 Mid: 13.1586 | 4 Open: 13.1361 Close: 13.0844 Mid: 13.1147 | 5 | ||
6 | 7 Open: 13.1266 Close: 13.0636 Mid: 13.0727 | 8 Open: 13.0636 Close: 13.1064 Mid: 13.0707 | 9 Open: 13.1072 Close: 13.0576 Mid: 13.0853 | 10 Open: 13.0584 Close: 13.0852 Mid: 13.0741 | 11 Open: 13.0862 Close: 13.1810 Mid: 13.1219 | 12 |
13 | 14 Open: 13.1582 Close: 13.1315 Mid: 13.1438 | 15 Open: 13.1321 Close: 13.1586 Mid: 13.1686 | 16 Open: 13.1587 Close: 13.1056 Mid: 13.1442 | 17 Open: 13.1049 Close: 13.0750 Mid: 13.0834 | 18 Open: 13.0744 Close: 13.0573 Mid: 13.0637 | 19 |
20 | 21 Open: 13.0572 Close: 13.0523 Mid: 13.0400 | 22 Open: 13.0530 Close: 13.1126 Mid: 13.0851 | 23 Open: 13.1133 Close: 13.0564 Mid: 13.0708 | 24 Open: 13.0557 Close: 13.0037 Mid: 13.0369 | 25 Open: 13.0045 Close: 13.0018 Mid: 13.0049 | 26 |
27 | 28 Open: 13.0059 Close: 12.9256 Mid: 12.9771 | 29 Open: 12.9257 Close: 12.9004 Mid: 12.9234 | 30 Open: 12.9005 Close: 12.8100 Mid: 12.8398 | 31 Open: 12.8101 Close: 12.8501 Mid: 12.8308 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 12.8493 Close: 12.7935 Mid: 12.8305 | 2 | |||||
3 | 4 Open: 12.8134 Close: 12.7627 Mid: 12.7921 | 5 Open: 12.7635 Close: 12.7306 Mid: 12.7612 | 6 Open: 12.7305 Close: 12.7348 Mid: 12.7351 | 7 Open: 12.7340 Close: 12.8503 Mid: 12.7832 | 8 Open: 12.8503 Close: 12.8246 Mid: 12.8224 | 9 |
10 | 11 Open: 12.8078 Close: 12.8016 Mid: 12.8025 | 12 Open: 12.8007 Close: 12.7363 Mid: 12.7581 | 13 Open: 12.7356 Close: 12.6937 Mid: 12.7251 | 14 Open: 12.6943 Close: 12.5793 Mid: 12.6323 | 15 Open: 12.5790 Close: 12.5416 Mid: 12.5592 | 16 |
17 | 18 Open: 12.5183 Close: 12.5035 Mid: 12.4927 | 19 Open: 12.5034 Close: 12.5772 Mid: 12.5323 | 20 Open: 12.5772 Close: 12.5114 Mid: 12.5457 | 21 Open: 12.5114 Close: 12.6048 Mid: 12.5703 | 22 Open: 12.6052 Close: 12.6547 Mid: 12.6277 | 23 |
24 | 25 Open: 12.6699 Close: 12.5807 Mid: 12.6226 | 26 Open: 12.5807 Close: 12.5895 Mid: 12.5761 | 27 Open: 12.5901 Close: 12.5517 Mid: 12.5740 | 28 Open: 12.5517 Close: 12.5697 Mid: 12.5674 | 29 Open: 12.5694 Close: 12.6035 Mid: 12.6039 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 12.6170 Close: 12.6251 Mid: 12.6284 | 3 Open: 12.6251 Close: 12.5918 Mid: 12.5975 | 4 Open: 12.5918 Close: 12.6618 Mid: 12.6172 | 5 Open: 12.6611 Close: 12.6621 Mid: 12.6553 | 6 Open: 12.6622 Close: 12.6088 Mid: 12.6390 | 7 |
8 | 9 Open: 12.6192 Close: 12.6698 Mid: 12.6415 | 10 Open: 12.6691 Close: 12.6310 Mid: 12.6464 | 11 Open: 12.6313 Close: 12.6635 Mid: 12.6566 | 12 Open: 12.6642 Close: 12.6680 Mid: 12.6726 | 13 Open: 12.6681 Close: 12.6372 Mid: 12.6561 | 14 |
15 | 16 Open: 12.6236 Close: 12.6800 Mid: 12.6519 | 17 Open: 12.6793 Close: 12.5807 Mid: 12.6275 | 18 Open: 12.5807 Close: 12.5573 Mid: 12.5713 | 19 Open: 12.5580 Close: 12.6413 Mid: 12.6042 | 20 Open: 12.6406 Close: 12.6079 Mid: 12.6327 | 21 |
22 | 23 Open: 12.6271 Close: 12.6211 Mid: 12.6244 | 24 Open: 12.6219 Close: 12.5690 Mid: 12.5987 | 25 Open: 12.6219 Close: 12.5690 Mid: 12.5987 | 26 Open: 12.5713 Close: 12.5954 Mid: 12.5910 | 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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