Best Swedish Krona / Israeli Sheqel Exchange Rate Today: 0.3288
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.3278, and the most competitive travel money / cash rates start at approximately 0.3258.
Live rate: 1 SEK = 0.3288 ILS (+0.03% )
Inverted: 1 ILS = 3.0414 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 | 0.3288 | 0 | 0.3255 | |||
 | 0.3278 (indicative) | 0 | 0.3278 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.3265 (indicative) | 0 | 0.3265 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.3288 | 3.44% | 0.3175 | 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. | |
 | 0.3258 | 0 | 0.3258 | 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  | 0.3196 (upper range) | Variable | 0.3196 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3173 (lower range) | Variable | 0.3173 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3140 | 0 | 0.3140 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3569 Close: 0.3570 Mid: 0.3570 | 2 Open: 0.3571 Close: 0.3560 Mid: 0.3585 | 3 Open: 0.3560 Close: 0.3555 Mid: 0.3560 | 4 Open: 0.3556 Close: 0.3579 Mid: 0.3567 | 5 Open: 0.3579 Close: 0.3583 Mid: 0.3588 | 6 | |
7 | 8 Open: 0.3586 Close: 0.3623 Mid: 0.3606 | 9 Open: 0.3625 Close: 0.3640 Mid: 0.3628 | 10 Open: 0.3642 Close: 0.3658 Mid: 0.3659 | 11 Open: 0.3657 Close: 0.3653 Mid: 0.3660 | 12 Open: 0.3653 Close: 0.3629 Mid: 0.3641 | 13 |
14 | 15 Open: 0.3628 Close: 0.3634 Mid: 0.3636 | 16 Open: 0.3634 Close: 0.3611 Mid: 0.3627 | 17 Open: 0.3612 Close: 0.3633 Mid: 0.3615 | 18 Open: 0.3635 Close: 0.3587 Mid: 0.3607 | 19 Open: 0.3587 Close: 0.3578 Mid: 0.3580 | 20 |
21 | 22 Open: 0.3578 Close: 0.3596 Mid: 0.3595 | 23 Open: 0.3598 Close: 0.3580 Mid: 0.3597 | 24 Open: 0.3580 Close: 0.3547 Mid: 0.3570 | 25 Open: 0.3548 Close: 0.3542 Mid: 0.3545 | 26 Open: 0.3542 Close: 0.3525 Mid: 0.3540 | 27 |
28 | 29 Open: 0.3525 Close: 0.3502 Mid: 0.3512 | 30 Open: 0.3501 Close: 0.3516 Mid: 0.3502 | 31 Open: 0.3517 Close: 0.3498 Mid: 0.3510 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3498 Close: 0.3529 Mid: 0.3508 | 2 Open: 0.3529 Close: 0.3482 Mid: 0.3506 | 3 | ||||
4 | 5 Open: 0.3483 Close: 0.3463 Mid: 0.3474 | 6 Open: 0.3463 Close: 0.3469 Mid: 0.3456 | 7 Open: 0.3470 Close: 0.3489 Mid: 0.3481 | 8 Open: 0.3489 Close: 0.3531 Mid: 0.3510 | 9 Open: 0.3530 Close: 0.3509 Mid: 0.3519 | 10 |
11 | 12 Open: 0.3507 Close: 0.3520 Mid: 0.3525 | 13 Open: 0.3519 Close: 0.3470 Mid: 0.3489 | 14 Open: 0.3470 Close: 0.3474 Mid: 0.3471 | 15 Open: 0.3474 Close: 0.3466 Mid: 0.3469 | 16 Open: 0.3466 Close: 0.3455 Mid: 0.3456 | 17 |
18 | 19 Open: 0.3451 Close: 0.3496 Mid: 0.3474 | 20 Open: 0.3496 Close: 0.3545 Mid: 0.3522 | 21 Open: 0.3545 Close: 0.3549 Mid: 0.3552 | 22 Open: 0.3550 Close: 0.3521 Mid: 0.3539 | 23 Open: 0.3524 Close: 0.3517 Mid: 0.3519 | 24 |
25 | 26 Open: 0.3515 Close: 0.3542 Mid: 0.3533 | 27 Open: 0.3541 Close: 0.3499 Mid: 0.3522 | 28 Open: 0.3500 Close: 0.3476 Mid: 0.3486 | 29 Open: 0.3477 Close: 0.3442 Mid: 0.3465 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3443 Close: 0.3456 Mid: 0.3445 | 2 | |||||
3 | 4 Open: 0.3457 Close: 0.3449 Mid: 0.3450 | 5 Open: 0.3449 Close: 0.3457 Mid: 0.3455 | 6 Open: 0.3458 Close: 0.3481 Mid: 0.3477 | 7 Open: 0.3481 Close: 0.3505 Mid: 0.3492 | 8 Open: 0.3505 Close: 0.3497 Mid: 0.3497 | 9 |
10 | 11 Open: 0.3502 Close: 0.3543 Mid: 0.3520 | 12 Open: 0.3543 Close: 0.3578 Mid: 0.3567 | 13 Open: 0.3578 Close: 0.3556 Mid: 0.3572 | 14 Open: 0.3556 Close: 0.3535 Mid: 0.3541 | 15 Open: 0.3535 Close: 0.3553 Mid: 0.3537 | 16 |
17 | 18 Open: 0.3551 Close: 0.3500 Mid: 0.3523 | 19 Open: 0.3500 Close: 0.3520 Mid: 0.3503 | 20 Open: 0.3520 Close: 0.3520 Mid: 0.3503 | 21 Open: 0.3520 Close: 0.3444 Mid: 0.3482 | 22 Open: 0.3444 Close: 0.3447 Mid: 0.3444 | 23 |
24 | 25 Open: 0.3445 Close: 0.3444 Mid: 0.3441 | 26 Open: 0.3444 Close: 0.3460 Mid: 0.3462 | 27 Open: 0.3460 Close: 0.3465 Mid: 0.3458 | 28 Open: 0.3465 Close: 0.3424 Mid: 0.3448 | 29 Open: 0.3424 Close: 0.3463 Mid: 0.3440 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3461 Close: 0.3405 Mid: 0.3431 | 2 Open: 0.3405 Close: 0.3460 Mid: 0.3438 | 3 Open: 0.3460 Close: 0.3488 Mid: 0.3475 | 4 Open: 0.3488 Close: 0.3487 Mid: 0.3502 | 5 Open: 0.3487 Close: 0.3537 Mid: 0.3512 | 6 | |
7 | 8 Open: 0.3538 Close: 0.3484 Mid: 0.3511 | 9 Open: 0.3484 Close: 0.3503 Mid: 0.3497 | 10 Open: 0.3503 Close: 0.3485 Mid: 0.3497 | 11 Open: 0.3485 Close: 0.3502 Mid: 0.3494 | 12 Open: 0.3502 Close: 0.3467 Mid: 0.3476 | 13 |
14 | 15 Open: 0.3467 Close: 0.3449 Mid: 0.3443 | 16 Open: 0.3449 Close: 0.3427 Mid: 0.3437 | 17 Open: 0.3427 Close: 0.3461 Mid: 0.3441 | 18 Open: 0.3461 Close: 0.3458 Mid: 0.3473 | 19 Open: 0.3458 Close: 0.3440 Mid: 0.3456 | 20 |
21 | 22 Open: 0.3435 Close: 0.3469 Mid: 0.3448 | 23 Open: 0.3469 Close: 0.3484 Mid: 0.3473 | 24 Open: 0.3484 Close: 0.3473 Mid: 0.3474 | 25 Open: 0.3473 Close: 0.3495 Mid: 0.3480 | 26 Open: 0.3495 Close: 0.3497 Mid: 0.3494 | 27 |
28 | 29 Open: 0.3572 Close: 0.3441 Mid: 0.3500 | 30 Open: 0.3441 Close: 0.3385 Mid: 0.3415 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3385 Close: 0.3437 Mid: 0.3409 | 2 Open: 0.3437 Close: 0.3430 Mid: 0.3428 | 3 Open: 0.3430 Close: 0.3436 Mid: 0.3435 | 4 | |||
5 | 6 Open: 0.3438 Close: 0.3459 Mid: 0.3448 | 7 Open: 0.3459 Close: 0.3405 Mid: 0.3432 | 8 Open: 0.3405 Close: 0.3403 Mid: 0.3400 | 9 Open: 0.3403 Close: 0.3437 Mid: 0.3419 | 10 Open: 0.3437 Close: 0.3439 Mid: 0.3434 | 11 |
12 | 13 Open: 0.3441 Close: 0.3433 Mid: 0.3434 | 14 Open: 0.3433 Close: 0.3420 Mid: 0.3426 | 15 Open: 0.3420 Close: 0.3442 Mid: 0.3431 | 16 Open: 0.3442 Close: 0.3449 Mid: 0.3448 | 17 Open: 0.3449 Close: 0.3457 Mid: 0.3454 | 18 |
19 | 20 Open: 0.3459 Close: 0.3453 Mid: 0.3466 | 21 Open: 0.3453 Close: 0.3427 Mid: 0.3443 | 22 Open: 0.3427 Close: 0.3424 Mid: 0.3433 | 23 Open: 0.3424 Close: 0.3420 Mid: 0.3428 | 24 Open: 0.3420 Close: 0.3429 Mid: 0.3429 | 25 |
26 | 27 Open: 0.3428 Close: 0.3461 Mid: 0.3447 | 28 Open: 0.3461 Close: 0.3477 Mid: 0.3479 | 29 Open: 0.3477 Close: 0.3469 Mid: 0.3478 | 30 Open: 0.3469 Close: 0.3498 Mid: 0.3488 | 31 Open: 0.3498 Close: 0.3532 Mid: 0.3517 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.3531 Close: 0.3523 Mid: 0.3514 | 4 Open: 0.3523 Close: 0.3537 Mid: 0.3523 | 5 Open: 0.3537 Close: 0.3573 Mid: 0.3554 | 6 Open: 0.3573 Close: 0.3590 Mid: 0.3582 | 7 Open: 0.3590 Close: 0.3571 Mid: 0.3580 | 8 |
9 | 10 Open: 0.3567 Close: 0.3577 Mid: 0.3562 | 11 Open: 0.3577 Close: 0.3537 Mid: 0.3555 | 12 Open: 0.3537 Close: 0.3554 Mid: 0.3563 | 13 Open: 0.3553 Close: 0.3548 Mid: 0.3554 | 14 Open: 0.3548 Close: 0.3541 Mid: 0.3536 | 15 |
16 | 17 Open: 0.3536 Close: 0.3553 Mid: 0.3543 | 18 Open: 0.3553 Close: 0.3561 Mid: 0.3551 | 19 Open: 0.3561 Close: 0.3554 Mid: 0.3564 | 20 Open: 0.3554 Close: 0.3546 Mid: 0.3559 | 21 Open: 0.3546 Close: 0.3577 Mid: 0.3561 | 22 |
23 | 24 Open: 0.3570 Close: 0.3553 Mid: 0.3562 | 25 Open: 0.3553 Close: 0.3566 Mid: 0.3562 | 26 Open: 0.3566 Close: 0.3549 Mid: 0.3551 | 27 Open: 0.3549 Close: 0.3538 Mid: 0.3546 | 28 Open: 0.3538 Close: 0.3554 Mid: 0.3542 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3564 Close: 0.3546 Mid: 0.3550 | 2 Open: 0.3546 Close: 0.3564 Mid: 0.3543 | 3 Open: 0.3564 Close: 0.3588 Mid: 0.3577 | 4 Open: 0.3589 Close: 0.3562 Mid: 0.3571 | 5 Open: 0.3562 Close: 0.3526 Mid: 0.3537 | 6 | |
7 | 8 Open: 0.3512 Close: 0.3471 Mid: 0.3501 | 9 Open: 0.3471 Close: 0.3480 Mid: 0.3479 | 10 Open: 0.3480 Close: 0.3471 Mid: 0.3472 | 11 Open: 0.3471 Close: 0.3469 Mid: 0.3467 | 12 Open: 0.3469 Close: 0.3431 Mid: 0.3454 | 13 |
14 | 15 Open: 0.3432 Close: 0.3421 Mid: 0.3425 | 16 Open: 0.3421 Close: 0.3422 Mid: 0.3420 | 17 Open: 0.3422 Close: 0.3451 Mid: 0.3435 | 18 Open: 0.3451 Close: 0.3434 Mid: 0.3445 | 19 Open: 0.3434 Close: 0.3414 Mid: 0.3439 | 20 |
21 | 22 Open: 0.3418 Close: 0.3385 Mid: 0.3405 | 23 Open: 0.3385 Close: 0.3369 Mid: 0.3375 | 24 Open: 0.3369 Close: 0.3386 Mid: 0.3374 | 25 Open: 0.3386 Close: 0.3385 Mid: 0.3383 | 26 Open: 0.3385 Close: 0.3380 Mid: 0.3395 | 27 |
28 | 29 Open: 0.3383 Close: 0.3432 Mid: 0.3419 | 30 Open: 0.3432 Close: 0.3481 Mid: 0.3454 | 31 Open: 0.3481 Close: 0.3516 Mid: 0.3509 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3517 Close: 0.3534 Mid: 0.3542 | 2 Open: 0.3534 Close: 0.3592 Mid: 0.3561 | 3 | ||||
4 | 5 Open: 0.3600 Close: 0.3622 Mid: 0.3620 | 6 Open: 0.3623 Close: 0.3640 Mid: 0.3635 | 7 Open: 0.3640 Close: 0.3610 Mid: 0.3635 | 8 Open: 0.3610 Close: 0.3604 Mid: 0.3611 | 9 Open: 0.3604 Close: 0.3539 Mid: 0.3575 | 10 |
11 | 12 Open: 0.3536 Close: 0.3586 Mid: 0.3563 | 13 Open: 0.3586 Close: 0.3555 Mid: 0.3567 | 14 Open: 0.3555 Close: 0.3554 Mid: 0.3565 | 15 Open: 0.3554 Close: 0.3497 Mid: 0.3526 | 16 Open: 0.3497 Close: 0.3518 Mid: 0.3501 | 17 |
18 | 19 Open: 0.3530 Close: 0.3604 Mid: 0.3556 | 20 Open: 0.3604 Close: 0.3624 Mid: 0.3605 | 21 Open: 0.3624 Close: 0.3659 Mid: 0.3635 | 22 Open: 0.3658 Close: 0.3621 Mid: 0.3640 | 23 Open: 0.3621 Close: 0.3625 Mid: 0.3607 | 24 |
25 | 26 Open: 0.3611 Close: 0.3602 Mid: 0.3603 | 27 Open: 0.3603 Close: 0.3629 Mid: 0.3613 | 28 Open: 0.3629 Close: 0.3585 Mid: 0.3603 | 29 Open: 0.3585 Close: 0.3580 Mid: 0.3588 | 30 Open: 0.3580 Close: 0.3532 Mid: 0.3557 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3533 Close: 0.3560 Mid: 0.3552 | 3 Open: 0.3560 Close: 0.3580 Mid: 0.3566 | 4 Open: 0.3580 Close: 0.3584 Mid: 0.3591 | 5 Open: 0.3584 Close: 0.3614 Mid: 0.3600 | 6 Open: 0.3614 Close: 0.3618 Mid: 0.3622 | 7 |
8 | 9 Open: 0.3620 Close: 0.3630 Mid: 0.3626 | 10 Open: 0.3630 Close: 0.3624 Mid: 0.3629 | 11 Open: 0.3623 Close: 0.3634 Mid: 0.3630 | 12 Open: 0.3634 Close: 0.3621 Mid: 0.3622 | 13 Open: 0.3621 Close: 0.3626 Mid: 0.3627 | 14 |
15 | 16 Open: 0.3621 Close: 0.3682 Mid: 0.3654 | 17 Open: 0.3682 Close: 0.3712 Mid: 0.3699 | 18 Open: 0.3712 Close: 0.3700 Mid: 0.3711 | 19 Open: 0.3700 Close: 0.3715 Mid: 0.3707 | 20 Open: 0.3715 Close: 0.3719 Mid: 0.3704 | 21 |
22 | 23 Open: 0.3720 Close: 0.3712 Mid: 0.3706 | 24 Open: 0.3712 Close: 0.3721 Mid: 0.3718 | 25 Open: 0.3721 Close: 0.3673 Mid: 0.3702 | 26 Open: 0.3673 Close: 0.3650 Mid: 0.3654 | 27 Open: 0.3650 Close: 0.3665 Mid: 0.3659 | 28 |
29 | 30 Open: 0.3661 Close: 0.3661 Mid: 0.3668 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3661 Close: 0.3658 Mid: 0.3657 | 2 Open: 0.3658 Close: 0.3689 Mid: 0.3678 | 3 Open: 0.3689 Close: 0.3692 Mid: 0.3685 | 4 Open: 0.3692 Close: 0.3680 Mid: 0.3690 | 5 | ||
6 | 7 Open: 0.3686 Close: 0.3658 Mid: 0.3665 | 8 Open: 0.3658 Close: 0.3639 Mid: 0.3651 | 9 Open: 0.3639 Close: 0.3623 Mid: 0.3627 | 10 Open: 0.3623 Close: 0.3627 Mid: 0.3627 | 11 Open: 0.3627 Close: 0.3625 Mid: 0.3621 | 12 |
13 | 14 Open: 0.3619 Close: 0.3610 Mid: 0.3618 | 15 Open: 0.3609 Close: 0.3608 Mid: 0.3610 | 16 Open: 0.3608 Close: 0.3577 Mid: 0.3602 | 17 Open: 0.3577 Close: 0.3543 Mid: 0.3565 | 18 Open: 0.3543 Close: 0.3532 Mid: 0.3532 | 19 |
20 | 21 Open: 0.3531 Close: 0.3580 Mid: 0.3559 | 22 Open: 0.3580 Close: 0.3573 Mid: 0.3584 | 23 Open: 0.3573 Close: 0.3581 Mid: 0.3576 | 24 Open: 0.3581 Close: 0.3593 Mid: 0.3584 | 25 Open: 0.3593 Close: 0.3567 Mid: 0.3581 | 26 |
27 | 28 Open: 0.3571 Close: 0.3506 Mid: 0.3537 | 29 Open: 0.3506 Close: 0.3498 Mid: 0.3500 | 30 Open: 0.3498 Close: 0.3466 Mid: 0.3481 | 31 Open: 0.3466 Close: 0.3514 Mid: 0.3489 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3514 Close: 0.3492 Mid: 0.3506 | 2 | |||||
3 | 4 Open: 0.3510 Close: 0.3496 Mid: 0.3511 | 5 Open: 0.3496 Close: 0.3501 Mid: 0.3502 | 6 Open: 0.3501 Close: 0.3444 Mid: 0.3464 | 7 Open: 0.3444 Close: 0.3482 Mid: 0.3459 | 8 Open: 0.3482 Close: 0.3466 Mid: 0.3470 | 9 |
10 | 11 Open: 0.3458 Close: 0.3457 Mid: 0.3448 | 12 Open: 0.3457 Close: 0.3449 Mid: 0.3448 | 13 Open: 0.3449 Close: 0.3419 Mid: 0.3431 | 14 Open: 0.3419 Close: 0.3399 Mid: 0.3407 | 15 Open: 0.3399 Close: 0.3414 Mid: 0.3411 | 16 |
17 | 18 Open: 0.3408 Close: 0.3429 Mid: 0.3408 | 19 Open: 0.3429 Close: 0.3428 Mid: 0.3416 | 20 Open: 0.3428 Close: 0.3388 Mid: 0.3406 | 21 Open: 0.3388 Close: 0.3355 Mid: 0.3378 | 22 Open: 0.3356 Close: 0.3354 Mid: 0.3352 | 23 |
24 | 25 Open: 0.3370 Close: 0.3314 Mid: 0.3346 | 26 Open: 0.3314 Close: 0.3317 Mid: 0.3315 | 27 Open: 0.3317 Close: 0.3355 Mid: 0.3338 | 28 Open: 0.3355 Close: 0.3343 Mid: 0.3343 | 29 Open: 0.3343 Close: 0.3336 Mid: 0.3342 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3341 Close: 0.3321 Mid: 0.3318 | 3 Open: 0.3321 Close: 0.3292 Mid: 0.3303 | 4 Open: 0.3292 Close: 0.3308 Mid: 0.3289 | 5 Open: 0.3308 Close: 0.3316 Mid: 0.3311 | 6 Open: 0.3316 Close: 0.3276 Mid: 0.3296 | 7 |
8 | 9 Open: 0.3277 Close: 0.3266 Mid: 0.3263 | 10 Open: 0.3266 Close: 0.3271 Mid: 0.3268 | 11 Open: 0.3271 Close: 0.3262 Mid: 0.3265 | 12 Open: 0.3262 Close: 0.3238 Mid: 0.3259 | 13 Open: 0.3238 Close: 0.3283 Mid: 0.3263 | 14 |
15 | 16 Open: 0.3278 Close: 0.3297 Mid: 0.3292 | 17 Open: 0.3297 Close: 0.3278 Mid: 0.3289 | 18 Open: 0.3277 Close: 0.3222 Mid: 0.3258 | 19 Open: 0.3222 Close: 0.3308 Mid: 0.3275 | 20 Open: 0.3308 Close: 0.3309 Mid: 0.3313 | 21 |
22 | 23 Open: 0.3314 Close: 0.3316 Mid: 0.3306 | 24 Open: 0.3316 Close: 0.3286 Mid: 0.3304 | 25 Open: 0.3316 Close: 0.3286 Mid: 0.3304 | 26 Open: 0.3287 Close: 0.3295 Mid: 0.3293 | 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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