Best Swedish Krona / Malaysian Ringgit Exchange Rate Today: 0.4036
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.4024, and the most competitive travel money / cash rates start at approximately 0.4000.
Live rate: 1 SEK = 0.4036 MYR (-0.0248% )
Inverted: 1 MYR = 2.4777 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 | 0.4036 | 0 | 0.3996 | |||
 | 0.4024 (indicative) | 0 | 0.4024 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.4008 (indicative) | 0 | 0.4008 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.4036 | 1.23% | 0.3986 | 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. | |
 | 0.4000 | 0 | 0.4000 | 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  | 0.3923 (upper range) | Variable | 0.3923 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3895 (lower range) | Variable | 0.3895 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3854 | 0 | 0.3854 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4633 Close: 0.4556 Mid: 0.4595 | 2 Open: 0.4556 Close: 0.4507 Mid: 0.4542 | 3 Open: 0.4507 Close: 0.4471 Mid: 0.4504 | 4 Open: 0.4474 Close: 0.4534 Mid: 0.4505 | 5 Open: 0.4535 Close: 0.4523 Mid: 0.4531 | 6 | |
7 | 8 Open: 0.4526 Close: 0.4545 Mid: 0.4538 | 9 Open: 0.4547 Close: 0.4540 Mid: 0.4542 | 10 Open: 0.4543 Close: 0.4538 Mid: 0.4540 | 11 Open: 0.4538 Close: 0.4524 Mid: 0.4536 | 12 Open: 0.4524 Close: 0.4526 Mid: 0.4527 | 13 |
14 | 15 Open: 0.4526 Close: 0.4520 Mid: 0.4528 | 16 Open: 0.4521 Close: 0.4451 Mid: 0.4489 | 17 Open: 0.4456 Close: 0.4514 Mid: 0.4479 | 18 Open: 0.4517 Close: 0.4491 Mid: 0.4505 | 19 Open: 0.4492 Close: 0.4492 Mid: 0.4500 | 20 |
21 | 22 Open: 0.4497 Close: 0.4512 Mid: 0.4507 | 23 Open: 0.4515 Close: 0.4497 Mid: 0.4520 | 24 Open: 0.4498 Close: 0.4533 Mid: 0.4521 | 25 Open: 0.4528 Close: 0.4531 Mid: 0.4533 | 26 Open: 0.4532 Close: 0.4534 Mid: 0.4529 | 27 |
28 | 29 Open: 0.4535 Close: 0.4521 Mid: 0.4520 | 30 Open: 0.4521 Close: 0.4534 Mid: 0.4536 | 31 Open: 0.4535 Close: 0.4560 Mid: 0.4554 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4559 Close: 0.4534 Mid: 0.4540 | 2 Open: 0.4535 Close: 0.4500 Mid: 0.4530 | 3 | ||||
4 | 5 Open: 0.4504 Close: 0.5885 Mid: 0.5190 | 6 Open: 0.5855 Close: 0.4514 Mid: 0.5175 | 7 Open: 0.4516 Close: 0.4549 Mid: 0.4535 | 8 Open: 0.4549 Close: 0.4545 Mid: 0.4549 | 9 Open: 0.4546 Close: 0.4549 Mid: 0.4554 | 10 |
11 | 12 Open: 0.4546 Close: 0.4582 Mid: 0.4563 | 13 Open: 0.4580 Close: 0.4505 Mid: 0.4542 | 14 Open: 0.4506 Close: 0.4527 Mid: 0.4523 | 15 Open: 0.4528 Close: 0.4570 Mid: 0.4557 | 16 Open: 0.4570 Close: 0.4567 Mid: 0.4567 | 17 |
18 | 19 Open: 0.4563 Close: 0.4599 Mid: 0.4581 | 20 Open: 0.4600 Close: 0.4623 Mid: 0.4609 | 21 Open: 0.4623 Close: 0.4625 Mid: 0.4626 | 22 Open: 0.4625 Close: 0.4635 Mid: 0.4638 | 23 Open: 0.4638 Close: 0.4629 Mid: 0.4630 | 24 |
25 | 26 Open: 0.4624 Close: 0.4644 Mid: 0.4633 | 27 Open: 0.4644 Close: 0.4633 Mid: 0.4640 | 28 Open: 0.4632 Close: 0.4608 Mid: 0.4618 | 29 Open: 0.4609 Close: 0.4580 Mid: 0.4598 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4581 Close: 0.4581 Mid: 0.4584 | 2 | |||||
3 | 4 Open: 0.4584 Close: 0.4550 Mid: 0.4568 | 5 Open: 0.4550 Close: 0.4548 Mid: 0.4548 | 6 Open: 0.4551 Close: 0.4601 Mid: 0.4573 | 7 Open: 0.4599 Close: 0.4622 Mid: 0.4595 | 8 Open: 0.4619 Close: 0.4593 Mid: 0.4598 | 9 |
10 | 11 Open: 0.4596 Close: 0.4577 Mid: 0.4584 | 12 Open: 0.4577 Close: 0.4569 Mid: 0.4582 | 13 Open: 0.4569 Close: 0.4576 Mid: 0.4574 | 14 Open: 0.4577 Close: 0.4530 Mid: 0.4559 | 15 Open: 0.4530 Close: 0.4802 Mid: 0.4668 | 16 |
17 | 18 Open: 0.4793 Close: 0.4509 Mid: 0.4650 | 19 Open: 0.4510 Close: 0.4527 Mid: 0.4514 | 20 Open: 0.4535 Close: 0.4528 Mid: 0.4527 | 21 Open: 0.4529 Close: 0.4545 Mid: 0.4535 | 22 Open: 0.4543 Close: 0.4488 Mid: 0.4518 | 23 |
24 | 25 Open: 0.4488 Close: 0.4484 Mid: 0.4480 | 26 Open: 0.4467 Close: 0.4462 Mid: 0.4467 | 27 Open: 0.4461 Close: 0.4443 Mid: 0.4455 | 28 Open: 0.4444 Close: 0.4429 Mid: 0.4436 | 29 Open: 0.4429 Close: 0.4431 Mid: 0.4425 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4426 Close: 0.4382 Mid: 0.4402 | 2 Open: 0.4382 Close: 0.4401 Mid: 0.4407 | 3 Open: 0.4402 Close: 0.4462 Mid: 0.4435 | 4 Open: 0.4461 Close: 0.4468 Mid: 0.4471 | 5 Open: 0.4466 Close: 0.4461 Mid: 0.4464 | 6 | |
7 | 8 Open: 0.4466 Close: 0.4492 Mid: 0.4482 | 9 Open: 0.4492 Close: 0.4499 Mid: 0.4499 | 10 Open: 0.4499 Close: 0.4425 Mid: 0.4458 | 11 Open: 0.4425 Close: 0.4418 Mid: 0.4417 | 12 Open: 0.4420 Close: 0.4383 Mid: 0.4402 | 13 |
14 | 15 Open: 0.4384 Close: 0.4391 Mid: 0.4388 | 16 Open: 0.4391 Close: 0.4349 Mid: 0.4372 | 17 Open: 0.4350 Close: 0.4372 Mid: 0.4354 | 18 Open: 0.4373 Close: 0.4377 Mid: 0.4382 | 19 Open: 0.4375 Close: 0.4391 Mid: 0.4378 | 20 |
21 | 22 Open: 0.4385 Close: 0.4391 Mid: 0.4392 | 23 Open: 0.4391 Close: 0.4412 Mid: 0.4400 | 24 Open: 0.4412 Close: 0.4388 Mid: 0.4403 | 25 Open: 0.4388 Close: 0.4383 Mid: 0.4381 | 26 Open: 0.4383 Close: 0.4368 Mid: 0.4383 | 27 |
28 | 29 Open: 0.4410 Close: 0.4369 Mid: 0.4389 | 30 Open: 0.4369 Close: 0.4337 Mid: 0.4354 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4336 Close: 0.4367 Mid: 0.4354 | 2 Open: 0.4367 Close: 0.4386 Mid: 0.4376 | 3 Open: 0.4385 Close: 0.4391 Mid: 0.4385 | 4 | |||
5 | 6 Open: 0.4395 Close: 0.4383 Mid: 0.4382 | 7 Open: 0.4383 Close: 0.4377 Mid: 0.4380 | 8 Open: 0.4376 Close: 0.4348 Mid: 0.4362 | 9 Open: 0.4347 Close: 0.4370 Mid: 0.4356 | 10 Open: 0.4369 Close: 0.4370 Mid: 0.4367 | 11 |
12 | 13 Open: 0.4372 Close: 0.4368 Mid: 0.4370 | 14 Open: 0.4368 Close: 0.4376 Mid: 0.4359 | 15 Open: 0.4375 Close: 0.4419 Mid: 0.4390 | 16 Open: 0.4417 Close: 0.4392 Mid: 0.4400 | 17 Open: 0.4391 Close: 0.4373 Mid: 0.4374 | 18 |
19 | 20 Open: 0.4377 Close: 0.4387 Mid: 0.4385 | 21 Open: 0.4387 Close: 0.4383 Mid: 0.4391 | 22 Open: 0.4383 Close: 0.4374 Mid: 0.4378 | 23 Open: 0.4375 Close: 0.4376 Mid: 0.4391 | 24 Open: 0.4377 Close: 0.4409 Mid: 0.4397 | 25 |
26 | 27 Open: 0.4409 Close: 0.4420 Mid: 0.4418 | 28 Open: 0.4421 Close: 0.4442 Mid: 0.4438 | 29 Open: 0.4442 Close: 0.4403 Mid: 0.4424 | 30 Open: 0.4404 Close: 0.4445 Mid: 0.4422 | 31 Open: 0.4444 Close: 0.4464 Mid: 0.4458 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.4467 Close: 0.4516 Mid: 0.4494 | 4 Open: 0.4515 Close: 0.4511 Mid: 0.4506 | 5 Open: 0.4510 Close: 0.4516 Mid: 0.4517 | 6 Open: 0.4517 Close: 0.4521 Mid: 0.4521 | 7 Open: 0.4521 Close: 0.4454 Mid: 0.4493 | 8 |
9 | 10 Open: 0.4450 Close: 0.4491 Mid: 0.4463 | 11 Open: 0.4492 Close: 0.4498 Mid: 0.4492 | 12 Open: 0.4498 Close: 0.4564 Mid: 0.4540 | 13 Open: 0.4561 Close: 0.4505 Mid: 0.4536 | 14 Open: 0.4504 Close: 0.4473 Mid: 0.4483 | 15 |
16 | 17 Open: 0.4469 Close: 0.4485 Mid: 0.4475 | 18 Open: 0.4486 Close: 0.4517 Mid: 0.4499 | 19 Open: 0.4516 Close: 0.4516 Mid: 0.4514 | 20 Open: 0.4516 Close: 0.4484 Mid: 0.4506 | 21 Open: 0.4484 Close: 0.4480 Mid: 0.4482 | 22 |
23 | 24 Open: 0.4474 Close: 0.4495 Mid: 0.4490 | 25 Open: 0.4495 Close: 0.4479 Mid: 0.4490 | 26 Open: 0.4479 Close: 0.4450 Mid: 0.4459 | 27 Open: 0.4451 Close: 0.4436 Mid: 0.4444 | 28 Open: 0.4437 Close: 0.4448 Mid: 0.4440 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4469 Close: 0.4445 Mid: 0.4454 | 2 Open: 0.4445 Close: 0.4443 Mid: 0.4435 | 3 Open: 0.4444 Close: 0.4497 Mid: 0.4469 | 4 Open: 0.4496 Close: 0.4484 Mid: 0.4488 | 5 Open: 0.4484 Close: 0.4500 Mid: 0.4491 | 6 | |
7 | 8 Open: 0.4489 Close: 0.4456 Mid: 0.4475 | 9 Open: 0.4454 Close: 0.4471 Mid: 0.4461 | 10 Open: 0.4470 Close: 0.4464 Mid: 0.4463 | 11 Open: 0.4463 Close: 0.4476 Mid: 0.4470 | 12 Open: 0.4476 Close: 0.4456 Mid: 0.4454 | 13 |
14 | 15 Open: 0.4462 Close: 0.4417 Mid: 0.4436 | 16 Open: 0.4416 Close: 0.4414 Mid: 0.4412 | 17 Open: 0.4414 Close: 0.4430 Mid: 0.4418 | 18 Open: 0.4429 Close: 0.4420 Mid: 0.4426 | 19 Open: 0.4419 Close: 0.4389 Mid: 0.4411 | 20 |
21 | 22 Open: 0.4394 Close: 0.4362 Mid: 0.4382 | 23 Open: 0.4362 Close: 0.4347 Mid: 0.4355 | 24 Open: 0.4347 Close: 0.4339 Mid: 0.4336 | 25 Open: 0.4339 Close: 0.4323 Mid: 0.4322 | 26 Open: 0.4322 Close: 0.4304 Mid: 0.4320 | 27 |
28 | 29 Open: 0.4309 Close: 0.4287 Mid: 0.4303 | 30 Open: 0.4287 Close: 0.4311 Mid: 0.4294 | 31 Open: 0.4309 Close: 0.4313 Mid: 0.4309 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4311 Close: 0.4300 Mid: 0.4300 | 2 Open: 0.4296 Close: 0.4319 Mid: 0.4265 | 3 | ||||
4 | 5 Open: 0.4322 Close: 0.4251 Mid: 0.4270 | 6 Open: 0.4249 Close: 0.4212 Mid: 0.4233 | 7 Open: 0.4215 Close: 0.4278 Mid: 0.4254 | 8 Open: 0.4278 Close: 0.4241 Mid: 0.4267 | 9 Open: 0.4242 Close: 0.4258 Mid: 0.4249 | 10 |
11 | 12 Open: 0.4247 Close: 0.4206 Mid: 0.4227 | 13 Open: 0.4208 Close: 0.4234 Mid: 0.4218 | 14 Open: 0.4234 Close: 0.4260 Mid: 0.4256 | 15 Open: 0.4258 Close: 0.4196 Mid: 0.4227 | 16 Open: 0.4197 Close: 0.4234 Mid: 0.4210 | 17 |
18 | 19 Open: 0.4253 Close: 0.4268 Mid: 0.4232 | 20 Open: 0.4266 Close: 0.4293 Mid: 0.4265 | 21 Open: 0.4292 Close: 0.4288 Mid: 0.4280 | 22 Open: 0.4288 Close: 0.4272 Mid: 0.4280 | 23 Open: 0.4273 Close: 0.4294 Mid: 0.4276 | 24 |
25 | 26 Open: 0.4282 Close: 0.4285 Mid: 0.4276 | 27 Open: 0.4283 Close: 0.4276 Mid: 0.4274 | 28 Open: 0.4276 Close: 0.4271 Mid: 0.4273 | 29 Open: 0.4271 Close: 0.4215 Mid: 0.4239 | 30 Open: 0.4215 Close: 0.4221 Mid: 0.4218 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4222 Close: 0.4237 Mid: 0.4232 | 3 Open: 0.4238 Close: 0.4230 Mid: 0.4248 | 4 Open: 0.4230 Close: 0.4239 Mid: 0.4222 | 5 Open: 0.4237 Close: 0.4220 Mid: 0.4227 | 6 Open: 0.4221 Close: 0.4208 Mid: 0.4225 | 7 |
8 | 9 Open: 0.4212 Close: 0.4225 Mid: 0.4217 | 10 Open: 0.4224 Close: 0.4205 Mid: 0.4207 | 11 Open: 0.4203 Close: 0.4175 Mid: 0.4190 | 12 Open: 0.4175 Close: 0.4213 Mid: 0.4191 | 13 Open: 0.4213 Close: 0.4242 Mid: 0.4219 | 14 |
15 | 16 Open: 0.4233 Close: 0.4241 Mid: 0.4240 | 17 Open: 0.4240 Close: 0.4222 Mid: 0.4223 | 18 Open: 0.4219 Close: 0.4172 Mid: 0.4182 | 19 Open: 0.4170 Close: 0.4170 Mid: 0.4169 | 20 Open: 0.4168 Close: 0.4123 Mid: 0.4132 | 21 |
22 | 23 Open: 0.4125 Close: 0.4133 Mid: 0.4131 | 24 Open: 0.4132 Close: 0.4156 Mid: 0.4118 | 25 Open: 0.4152 Close: 0.4080 Mid: 0.4116 | 26 Open: 0.4079 Close: 0.4078 Mid: 0.4074 | 27 Open: 0.4077 Close: 0.4105 Mid: 0.4083 | 28 |
29 | 30 Open: 0.4099 Close: 0.4061 Mid: 0.4073 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4061 Close: 0.4017 Mid: 0.4054 | 2 Open: 0.4020 Close: 0.4059 Mid: 0.4044 | 3 Open: 0.4061 Close: 0.4081 Mid: 0.4096 | 4 Open: 0.4082 Close: 0.4067 Mid: 0.4083 | 5 | ||
6 | 7 Open: 0.4080 Close: 0.4070 Mid: 0.4100 | 8 Open: 0.4074 Close: 0.4148 Mid: 0.4110 | 9 Open: 0.4147 Close: 0.4126 Mid: 0.4138 | 10 Open: 0.4126 Close: 0.2675 Mid: 0.3403 | 11 Open: 0.2707 Close: 0.4140 Mid: 0.3419 | 12 |
13 | 14 Open: 0.4132 Close: 0.4121 Mid: 0.4125 | 15 Open: 0.4121 Close: 0.4123 Mid: 0.4137 | 16 Open: 0.4137 Close: 0.4108 Mid: 0.4124 | 17 Open: 0.4107 Close: 0.4072 Mid: 0.4090 | 18 Open: 0.4074 Close: 0.4096 Mid: 0.4083 | 19 |
20 | 21 Open: 0.4095 Close: 0.4076 Mid: 0.4085 | 22 Open: 0.4075 Close: 0.4096 Mid: 0.4096 | 23 Open: 0.4096 Close: 0.4094 Mid: 0.4100 | 24 Open: 0.4095 Close: 0.4117 Mid: 0.4104 | 25 Open: 0.4117 Close: 0.4090 Mid: 0.4103 | 26 |
27 | 28 Open: 0.4093 Close: 0.4087 Mid: 0.4097 | 29 Open: 0.4087 Close: 0.4097 Mid: 0.4090 | 30 Open: 0.4097 Close: 0.4107 Mid: 0.4108 | 31 Open: 0.4106 Close: 0.4104 Mid: 0.4097 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4104 Close: 0.4086 Mid: 0.4093 | 2 | |||||
3 | 4 Open: 0.4093 Close: 0.4081 Mid: 0.4094 | 5 Open: 0.4081 Close: 0.4256 Mid: 0.4172 | 6 Open: 0.4248 Close: 0.4001 Mid: 0.4118 | 7 Open: 0.4004 Close: 0.4124 Mid: 0.4061 | 8 Open: 0.4123 Close: 0.4076 Mid: 0.4091 | 9 |
10 | 11 Open: 0.4069 Close: 0.4067 Mid: 0.4064 | 12 Open: 0.4067 Close: 0.4032 Mid: 0.4053 | 13 Open: 0.4035 Close: 0.4060 Mid: 0.4053 | 14 Open: 0.4060 Close: 0.4058 Mid: 0.4068 | 15 Open: 0.4059 Close: 0.4088 Mid: 0.4081 | 16 |
17 | 18 Open: 0.4079 Close: 0.4099 Mid: 0.4079 | 19 Open: 0.4100 Close: 0.4102 Mid: 0.4090 | 20 Open: 0.4101 Close: 0.4051 Mid: 0.4073 | 21 Open: 0.4051 Close: 0.4054 Mid: 0.4058 | 22 Open: 0.4054 Close: 0.4044 Mid: 0.4044 | 23 |
24 | 25 Open: 0.4051 Close: 0.4066 Mid: 0.4061 | 26 Open: 0.4065 Close: 0.4042 Mid: 0.4050 | 27 Open: 0.4043 Close: 0.4046 Mid: 0.4050 | 28 Open: 0.4048 Close: 0.4060 Mid: 0.4054 | 29 Open: 0.4061 Close: 0.4074 Mid: 0.4072 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4078 Close: 0.4037 Mid: 0.4057 | 3 Open: 0.4039 Close: 0.4058 Mid: 0.4050 | 4 Open: 0.4058 Close: 0.4073 Mid: 0.4060 | 5 Open: 0.4072 Close: 0.4100 Mid: 0.4069 | 6 Open: 0.4098 Close: 0.4049 Mid: 0.4073 | 7 |
8 | 9 Open: 0.4052 Close: 0.4062 Mid: 0.4049 | 10 Open: 0.4062 Close: 0.4026 Mid: 0.4043 | 11 Open: 0.4027 Close: 0.4035 Mid: 0.4038 | 12 Open: 0.4035 Close: 0.4059 Mid: 0.4055 | 13 Open: 0.4057 Close: 0.4060 Mid: 0.4059 | 14 |
15 | 16 Open: 0.4056 Close: 0.4075 Mid: 0.4066 | 17 Open: 0.4077 Close: 0.4051 Mid: 0.4063 | 18 Open: 0.4052 Close: 0.4051 Mid: 0.4061 | 19 Open: 0.4049 Close: 0.4116 Mid: 0.4080 | 20 Open: 0.4114 Close: 0.4073 Mid: 0.4096 | 21 |
22 | 23 Open: 0.4080 Close: 0.4077 Mid: 0.4078 | 24 Open: 0.4076 Close: 0.4037 Mid: 0.4054 | 25 Open: 0.4076 Close: 0.4037 Mid: 0.4054 | 26 Open: 0.4038 Close: 0.4034 Mid: 0.4038 | 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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