Best Swedish Krona / Japanese Yen Exchange Rate Today: 14.1853
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 14.1427, and the most competitive travel money / cash rates start at approximately 14.0576.
Live rate: 1 SEK = 14.1853 JPY (+0.12% )
Inverted: 1 JPY = 0.0705 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 | 14.1853 | 0 | 14.0434 | |||
 | 14.1427 (indicative) | 0 | 14.1427 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 14.0860 (indicative) | 0 | 14.0860 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 14.1853 | 2.35% | 13.8519 | 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. | |
 | 14.0576 | 0 | 14.0576 | 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  | 13.7881 (upper range) | Variable | 13.7881 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 13.6888 (lower range) | Variable | 13.6888 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 13.5470 | 0 | 13.5470 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 13.9633 Close: 13.9633 Mid: 13.9633 | 2 Open: 13.9658 Close: 13.8876 Mid: 13.9862 | 3 Open: 13.8886 Close: 13.9288 Mid: 13.9282 | 4 Open: 13.9310 Close: 14.1519 Mid: 14.0336 | 5 Open: 14.1508 Close: 14.0913 Mid: 14.1397 | 6 | |
7 | 8 Open: 14.1100 Close: 14.0905 Mid: 14.0812 | 9 Open: 14.0966 Close: 14.0856 Mid: 14.0528 | 10 Open: 14.0934 Close: 14.2577 Mid: 14.1731 | 11 Open: 14.2567 Close: 14.1607 Mid: 14.2333 | 12 Open: 14.1604 Close: 14.0979 Mid: 14.1306 | 13 |
14 | 15 Open: 14.1095 Close: 14.1145 Mid: 14.1260 | 16 Open: 14.1135 Close: 14.0935 Mid: 14.0972 | 17 Open: 14.0994 Close: 14.1804 Mid: 14.1264 | 18 Open: 14.1829 Close: 14.1253 Mid: 14.1352 | 19 Open: 14.1295 Close: 14.1594 Mid: 14.1571 | 20 |
21 | 22 Open: 14.1815 Close: 14.1516 Mid: 14.1567 | 23 Open: 14.1568 Close: 14.1475 Mid: 14.1630 | 24 Open: 14.1477 Close: 14.1274 Mid: 14.1403 | 25 Open: 14.1314 Close: 14.1425 Mid: 14.1450 | 26 Open: 14.1402 Close: 14.1700 Mid: 14.1555 | 27 |
28 | 29 Open: 14.1694 Close: 14.1294 Mid: 14.1167 | 30 Open: 14.1244 Close: 14.1774 Mid: 14.1339 | 31 Open: 14.1789 Close: 14.1378 Mid: 14.1668 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.1377 Close: 14.0974 Mid: 14.0556 | 2 Open: 14.0985 Close: 14.1327 Mid: 14.1267 | 3 | ||||
4 | 5 Open: 14.1512 Close: 14.0218 Mid: 14.0692 | 6 Open: 14.0218 Close: 14.0792 Mid: 14.0358 | 7 Open: 14.0840 Close: 14.1465 Mid: 14.1175 | 8 Open: 14.1462 Close: 14.2598 Mid: 14.1973 | 9 Open: 14.2539 Close: 14.2773 Mid: 14.2700 | 10 |
11 | 12 Open: 14.2616 Close: 14.3620 Mid: 14.2900 | 13 Open: 14.3596 Close: 14.2457 Mid: 14.3007 | 14 Open: 14.2449 Close: 14.3104 Mid: 14.2687 | 15 Open: 14.3096 Close: 14.3410 Mid: 14.3150 | 16 Open: 14.3396 Close: 14.3878 Mid: 14.3677 | 17 |
18 | 19 Open: 14.3742 Close: 14.4350 Mid: 14.4001 | 20 Open: 14.4349 Close: 14.4750 Mid: 14.4619 | 21 Open: 14.4758 Close: 14.5018 Mid: 14.4848 | 22 Open: 14.5051 Close: 14.5806 Mid: 14.5758 | 23 Open: 14.5896 Close: 14.5796 Mid: 14.5909 | 24 |
25 | 26 Open: 14.5688 Close: 14.6556 Mid: 14.6021 | 27 Open: 14.6530 Close: 14.5996 Mid: 14.6146 | 28 Open: 14.5997 Close: 14.5813 Mid: 14.5647 | 29 Open: 14.5830 Close: 14.4545 Mid: 14.5144 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.4586 Close: 14.5470 Mid: 14.5266 | 2 | |||||
3 | 4 Open: 14.5315 Close: 14.5117 Mid: 14.5297 | 5 Open: 14.5117 Close: 14.4580 Mid: 14.4683 | 6 Open: 14.4607 Close: 14.5060 Mid: 14.4643 | 7 Open: 14.5061 Close: 14.4797 Mid: 14.4388 | 8 Open: 14.4797 Close: 14.3926 Mid: 14.4162 | 9 |
10 | 11 Open: 14.3789 Close: 14.3487 Mid: 14.3543 | 12 Open: 14.3487 Close: 14.4244 Mid: 14.4145 | 13 Open: 14.4246 Close: 14.4479 Mid: 14.4313 | 14 Open: 14.4481 Close: 14.3455 Mid: 14.3945 | 15 Open: 14.3455 Close: 14.3870 Mid: 14.3471 | 16 |
17 | 18 Open: 14.3933 Close: 14.2963 Mid: 14.3354 | 19 Open: 14.2962 Close: 14.4581 Mid: 14.3620 | 20 Open: 14.4579 Close: 14.5634 Mid: 14.4908 | 21 Open: 14.5636 Close: 14.4868 Mid: 14.5188 | 22 Open: 14.4868 Close: 14.3330 Mid: 14.4141 | 23 |
24 | 25 Open: 14.3931 Close: 14.3156 Mid: 14.3157 | 26 Open: 14.3155 Close: 14.3101 Mid: 14.3226 | 27 Open: 14.3100 Close: 14.2496 Mid: 14.2657 | 28 Open: 14.2497 Close: 14.1445 Mid: 14.1837 | 29 Open: 14.1447 Close: 14.1829 Mid: 14.1437 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.1888 Close: 14.0420 Mid: 14.1031 | 2 Open: 14.0423 Close: 14.1164 Mid: 14.1002 | 3 Open: 14.1163 Close: 14.2510 Mid: 14.1848 | 4 Open: 14.2510 Close: 14.2213 Mid: 14.2697 | 5 Open: 14.2208 Close: 14.2498 Mid: 14.2198 | 6 | |
7 | 8 Open: 14.2687 Close: 14.3724 Mid: 14.3216 | 9 Open: 14.3726 Close: 14.3802 Mid: 14.3985 | 10 Open: 14.3801 Close: 14.2883 Mid: 14.3154 | 11 Open: 14.2880 Close: 14.2892 Mid: 14.2619 | 12 Open: 14.2891 Close: 14.0811 Mid: 14.1424 | 13 |
14 | 15 Open: 14.1041 Close: 14.1710 Mid: 14.1433 | 16 Open: 14.1711 Close: 14.1129 Mid: 14.1434 | 17 Open: 14.1129 Close: 14.1052 Mid: 14.0846 | 18 Open: 14.1052 Close: 14.0975 Mid: 14.1319 | 19 Open: 14.0974 Close: 14.1583 Mid: 14.0892 | 20 |
21 | 22 Open: 14.1744 Close: 14.2174 Mid: 14.1751 | 23 Open: 14.2172 Close: 14.3137 Mid: 14.2541 | 24 Open: 14.3138 Close: 14.2755 Mid: 14.2908 | 25 Open: 14.2756 Close: 14.3018 Mid: 14.2655 | 26 Open: 14.3005 Close: 14.4676 Mid: 14.3791 | 27 |
28 | 29 Open: 14.6203 Close: 14.3129 Mid: 14.4507 | 30 Open: 14.3128 Close: 14.3156 Mid: 14.3158 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.3154 Close: 14.1399 Mid: 14.1815 | 2 Open: 14.1397 Close: 14.1396 Mid: 14.1923 | 3 Open: 14.1390 Close: 14.1418 Mid: 14.1315 | 4 | |||
5 | 6 Open: 14.1637 Close: 14.2307 Mid: 14.1800 | 7 Open: 14.2306 Close: 14.2389 Mid: 14.2427 | 8 Open: 14.2396 Close: 14.2579 Mid: 14.2483 | 9 Open: 14.2574 Close: 14.3285 Mid: 14.2803 | 10 Open: 14.3289 Close: 14.3689 Mid: 14.3411 | 11 |
12 | 13 Open: 14.3625 Close: 14.4084 Mid: 14.3827 | 14 Open: 14.4084 Close: 14.4744 Mid: 14.4196 | 15 Open: 14.4744 Close: 14.5205 Mid: 14.4870 | 16 Open: 14.5206 Close: 14.5005 Mid: 14.4703 | 17 Open: 14.5005 Close: 14.5267 Mid: 14.5169 | 18 |
19 | 20 Open: 14.5430 Close: 14.6178 Mid: 14.5799 | 21 Open: 14.6177 Close: 14.5997 Mid: 14.6288 | 22 Open: 14.5996 Close: 14.6024 Mid: 14.5999 | 23 Open: 14.6024 Close: 14.6115 Mid: 14.6379 | 24 Open: 14.6116 Close: 14.7148 Mid: 14.6711 | 25 |
26 | 27 Open: 14.7173 Close: 14.7791 Mid: 14.7400 | 28 Open: 14.7790 Close: 14.8600 Mid: 14.8360 | 29 Open: 14.8598 Close: 14.7672 Mid: 14.8136 | 30 Open: 14.7676 Close: 14.8062 Mid: 14.7460 | 31 Open: 14.8065 Close: 14.9392 Mid: 14.8753 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 14.9480 Close: 14.9970 Mid: 14.9625 | 4 Open: 14.9969 Close: 14.8364 Mid: 14.8932 | 5 Open: 14.8364 Close: 15.0174 Mid: 14.9380 | 6 Open: 15.0172 Close: 14.9727 Mid: 15.0050 | 7 Open: 14.9729 Close: 14.8744 Mid: 14.9342 | 8 |
9 | 10 Open: 14.8537 Close: 14.9891 Mid: 14.8891 | 11 Open: 14.9891 Close: 14.9878 Mid: 14.9799 | 12 Open: 14.9877 Close: 15.1074 Mid: 15.0819 | 13 Open: 15.1070 Close: 14.9897 Mid: 15.0601 | 14 Open: 14.9892 Close: 14.9630 Mid: 14.9726 | 15 |
16 | 17 Open: 14.9491 Close: 15.0512 Mid: 14.9695 | 18 Open: 15.0512 Close: 15.1219 Mid: 15.0717 | 19 Open: 15.1218 Close: 15.1498 Mid: 15.1288 | 20 Open: 15.1498 Close: 15.1334 Mid: 15.1597 | 21 Open: 15.1333 Close: 15.2056 Mid: 15.1374 | 22 |
23 | 24 Open: 15.1765 Close: 15.2368 Mid: 15.2023 | 25 Open: 15.2369 Close: 15.1983 Mid: 15.2113 | 26 Open: 15.1983 Close: 15.2075 Mid: 15.1774 | 27 Open: 15.2073 Close: 15.1304 Mid: 15.1588 | 28 Open: 15.1304 Close: 15.1790 Mid: 15.1250 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 15.2132 Close: 15.2127 Mid: 15.2193 | 2 Open: 15.2126 Close: 15.2586 Mid: 15.1923 | 3 Open: 15.2584 Close: 15.4082 Mid: 15.3308 | 4 Open: 15.4080 Close: 15.3592 Mid: 15.3616 | 5 Open: 15.3592 Close: 15.3466 Mid: 15.3319 | 6 | |
7 | 8 Open: 15.2780 Close: 15.1982 Mid: 15.2587 | 9 Open: 15.1973 Close: 15.2862 Mid: 15.2426 | 10 Open: 15.2861 Close: 15.3368 Mid: 15.3093 | 11 Open: 15.3366 Close: 15.1414 Mid: 15.2221 | 12 Open: 15.1413 Close: 14.9960 Mid: 15.0631 | 13 |
14 | 15 Open: 14.9991 Close: 14.9126 Mid: 14.9411 | 16 Open: 14.9123 Close: 14.9514 Mid: 14.9275 | 17 Open: 14.9509 Close: 14.8155 Mid: 14.8712 | 18 Open: 14.8156 Close: 14.8404 Mid: 14.7998 | 19 Open: 14.8412 Close: 14.7516 Mid: 14.8216 | 20 |
21 | 22 Open: 14.7674 Close: 14.6464 Mid: 14.6836 | 23 Open: 14.6462 Close: 14.4524 Mid: 14.5488 | 24 Open: 14.4524 Close: 14.2763 Mid: 14.3325 | 25 Open: 14.2765 Close: 14.2090 Mid: 14.1555 | 26 Open: 14.2088 Close: 14.2100 Mid: 14.2452 | 27 |
28 | 29 Open: 14.1920 Close: 14.2245 Mid: 14.2191 | 30 Open: 14.2244 Close: 14.1878 Mid: 14.2421 | 31 Open: 14.1883 Close: 14.0229 Mid: 14.1447 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.0232 Close: 13.9170 Mid: 13.9981 | 2 Open: 13.9172 Close: 13.8500 Mid: 13.8723 | 3 | ||||
4 | 5 Open: 13.8820 Close: 13.6500 Mid: 13.6353 | 6 Open: 13.6500 Close: 13.7098 Mid: 13.7764 | 7 Open: 13.7097 Close: 13.9851 Mid: 13.9388 | 8 Open: 13.9849 Close: 14.0107 Mid: 13.9642 | 9 Open: 14.0102 Close: 13.9366 Mid: 13.9885 | 10 |
11 | 12 Open: 13.9490 Close: 13.9855 Mid: 14.0100 | 13 Open: 13.9860 Close: 14.0301 Mid: 14.0103 | 14 Open: 14.0303 Close: 14.0749 Mid: 14.0663 | 15 Open: 14.0750 Close: 14.1651 Mid: 14.1141 | 16 Open: 14.1652 Close: 14.1387 Mid: 14.1070 | 17 |
18 | 19 Open: 14.1883 Close: 14.2172 Mid: 14.1065 | 20 Open: 14.2171 Close: 14.2396 Mid: 14.2467 | 21 Open: 14.2397 Close: 14.2632 Mid: 14.2636 | 22 Open: 14.2631 Close: 14.2780 Mid: 14.2599 | 23 Open: 14.2779 Close: 14.1825 Mid: 14.2029 | 24 |
25 | 26 Open: 14.1504 Close: 14.1487 Mid: 14.1290 | 27 Open: 14.1487 Close: 14.1832 Mid: 14.1833 | 28 Open: 14.1831 Close: 14.1837 Mid: 14.1826 | 29 Open: 14.1832 Close: 14.1799 Mid: 14.1748 | 30 Open: 14.1799 Close: 14.2287 Mid: 14.1887 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 14.2502 Close: 14.3261 Mid: 14.2853 | 3 Open: 14.3254 Close: 14.1132 Mid: 14.2161 | 4 Open: 14.1132 Close: 13.9872 Mid: 14.0358 | 5 Open: 13.9869 Close: 13.9911 Mid: 13.9850 | 6 Open: 13.9910 Close: 13.8132 Mid: 13.9252 | 7 |
8 | 9 Open: 13.8362 Close: 13.7959 Mid: 13.8237 | 10 Open: 13.7958 Close: 13.7295 Mid: 13.7730 | 11 Open: 13.7295 Close: 13.7048 Mid: 13.6488 | 12 Open: 13.7046 Close: 13.7865 Mid: 13.7523 | 13 Open: 13.7864 Close: 13.7680 Mid: 13.7708 | 14 |
15 | 16 Open: 13.7672 Close: 13.8253 Mid: 13.7662 | 17 Open: 13.8253 Close: 13.9757 Mid: 13.8731 | 18 Open: 13.9757 Close: 13.9355 Mid: 13.9031 | 19 Open: 13.9354 Close: 14.0398 Mid: 14.0261 | 20 Open: 14.0399 Close: 14.1505 Mid: 14.0629 | 21 |
22 | 23 Open: 14.1468 Close: 14.0867 Mid: 14.0942 | 24 Open: 14.0865 Close: 14.1869 Mid: 14.1639 | 25 Open: 14.1866 Close: 14.2115 Mid: 14.2096 | 26 Open: 14.2116 Close: 14.3187 Mid: 14.2685 | 27 Open: 14.3188 Close: 14.0899 Mid: 14.2559 | 28 |
29 | 30 Open: 14.0668 Close: 14.1369 Mid: 14.0997 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.1370 Close: 13.9846 Mid: 14.0717 | 2 Open: 13.9847 Close: 14.2711 Mid: 14.1172 | 3 Open: 14.2709 Close: 14.2585 Mid: 14.2861 | 4 Open: 14.2584 Close: 14.3441 Mid: 14.2709 | 5 | ||
6 | 7 Open: 14.3899 Close: 14.3068 Mid: 14.3234 | 8 Open: 14.3066 Close: 14.3419 Mid: 14.2888 | 9 Open: 14.3419 Close: 14.3630 Mid: 14.3397 | 10 Open: 14.3631 Close: 14.2991 Mid: 14.3259 | 11 Open: 14.2994 Close: 14.3788 Mid: 14.3391 | 12 |
13 | 14 Open: 14.3590 Close: 14.3684 Mid: 14.3656 | 15 Open: 14.3683 Close: 14.3246 Mid: 14.3608 | 16 Open: 14.3244 Close: 14.2475 Mid: 14.3034 | 17 Open: 14.2474 Close: 14.2520 Mid: 14.2388 | 18 Open: 14.2522 Close: 14.2143 Mid: 14.2354 | 19 |
20 | 21 Open: 14.2295 Close: 14.2816 Mid: 14.2243 | 22 Open: 14.2816 Close: 14.3281 Mid: 14.3065 | 23 Open: 14.3280 Close: 14.4191 Mid: 14.3765 | 24 Open: 14.4192 Close: 14.3789 Mid: 14.3784 | 25 Open: 14.3791 Close: 14.3396 Mid: 14.3505 | 26 |
27 | 28 Open: 14.4334 Close: 14.3910 Mid: 14.4135 | 29 Open: 14.3911 Close: 14.4136 Mid: 14.3695 | 30 Open: 14.4137 Close: 14.3675 Mid: 14.3551 | 31 Open: 14.3677 Close: 14.2777 Mid: 14.2688 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 14.2777 Close: 14.2349 Mid: 14.2664 | 2 | |||||
3 | 4 Open: 14.2365 Close: 14.1830 Mid: 14.2262 | 5 Open: 14.1830 Close: 14.1682 Mid: 14.1943 | 6 Open: 14.1682 Close: 14.2466 Mid: 14.1845 | 7 Open: 14.2466 Close: 14.3155 Mid: 14.2731 | 8 Open: 14.3155 Close: 14.1097 Mid: 14.1934 | 9 |
10 | 11 Open: 14.0977 Close: 14.1763 Mid: 14.1422 | 12 Open: 14.1760 Close: 14.1874 Mid: 14.1719 | 13 Open: 14.1873 Close: 14.1535 Mid: 14.1645 | 14 Open: 14.1531 Close: 14.2066 Mid: 14.1759 | 15 Open: 14.2069 Close: 14.0609 Mid: 14.1388 | 16 |
17 | 18 Open: 14.0205 Close: 14.1858 Mid: 14.0867 | 19 Open: 14.1855 Close: 14.1644 Mid: 14.0680 | 20 Open: 14.1645 Close: 14.0943 Mid: 14.1516 | 21 Open: 14.0944 Close: 13.9654 Mid: 14.0400 | 22 Open: 13.9660 Close: 14.0240 Mid: 13.9502 | 23 |
24 | 25 Open: 14.0296 Close: 14.0365 Mid: 14.0547 | 26 Open: 14.0365 Close: 13.9333 Mid: 13.9618 | 27 Open: 13.9331 Close: 13.8504 Mid: 13.8735 | 28 Open: 13.8502 Close: 13.8752 Mid: 13.8608 | 29 Open: 13.8756 Close: 13.7374 Mid: 13.8007 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 13.7528 Close: 13.6084 Mid: 13.6566 | 3 Open: 13.6084 Close: 13.5866 Mid: 13.5801 | 4 Open: 13.5869 Close: 13.7826 Mid: 13.6783 | 5 Open: 13.7826 Close: 13.8277 Mid: 13.7844 | 6 Open: 13.8278 Close: 13.7210 Mid: 13.7863 | 7 |
8 | 9 Open: 13.7440 Close: 13.8566 Mid: 13.7794 | 10 Open: 13.8566 Close: 13.8486 Mid: 13.8409 | 11 Open: 13.8489 Close: 13.8893 Mid: 13.8401 | 12 Open: 13.8892 Close: 13.8528 Mid: 13.8984 | 13 Open: 13.8530 Close: 13.9954 Mid: 13.9254 | 14 |
15 | 16 Open: 14.0163 Close: 14.1605 Mid: 14.0731 | 17 Open: 14.1603 Close: 14.0007 Mid: 14.0750 | 18 Open: 14.0002 Close: 13.9100 Mid: 13.9791 | 19 Open: 13.9094 Close: 14.2717 Mid: 14.1456 | 20 Open: 14.2720 Close: 14.1751 Mid: 14.2167 | 21 |
22 | 23 Open: 14.1982 Close: 14.2271 Mid: 14.2013 | 24 Open: 14.2267 Close: 14.1553 Mid: 14.1876 | 25 Open: 14.2267 Close: 14.1553 Mid: 14.1876 | 26 Open: 14.1585 Close: 14.2073 Mid: 14.1914 | 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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