Best Swedish Krona / Omani Rial Exchange Rate Today: 0.0347
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.0346, and the most competitive travel money / cash rates start at approximately 0.0344.
Live rate: 1 SEK = 0.0347 OMR (+0% )
Inverted: 1 OMR = 28.8184 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 | 0.0347 | 0 | 0.0344 | |||
 | 0.0346 (indicative) | 0 | 0.0346 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.0345 (indicative) | 0 | 0.0345 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.0347 | 2.66% | 0.0338 | 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. | |
 | 0.0344 | 0 | 0.0344 | 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  | 0.0337 (upper range) | Variable | 0.0337 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.0335 (lower range) | Variable | 0.0335 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.0331 | 0 | 0.0331 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0386 Close: 0.0382 Mid: 0.0384 | 2 Open: 0.0382 Close: 0.0377 Mid: 0.0380 | 3 Open: 0.0377 Close: 0.0374 Mid: 0.0376 | 4 Open: 0.0374 Close: 0.0377 Mid: 0.0376 | 5 Open: 0.0377 Close: 0.0375 Mid: 0.0376 | 6 | |
7 | 8 Open: 0.0374 Close: 0.0376 Mid: 0.0376 | 9 Open: 0.0376 Close: 0.0375 Mid: 0.0376 | 10 Open: 0.0375 Close: 0.0376 Mid: 0.0376 | 11 Open: 0.0376 Close: 0.0375 Mid: 0.0376 | 12 Open: 0.0375 Close: 0.0374 Mid: 0.0375 | 13 |
14 | 15 Open: 0.0374 Close: 0.0373 Mid: 0.0374 | 16 Open: 0.0373 Close: 0.0369 Mid: 0.0371 | 17 Open: 0.0369 Close: 0.0368 Mid: 0.0368 | 18 Open: 0.0368 Close: 0.0366 Mid: 0.0368 | 19 Open: 0.0367 Close: 0.0367 Mid: 0.0368 | 20 |
21 | 22 Open: 0.0368 Close: 0.0368 Mid: 0.0368 | 23 Open: 0.0368 Close: 0.0367 Mid: 0.0368 | 24 Open: 0.0367 Close: 0.0369 Mid: 0.0369 | 25 Open: 0.0369 Close: 0.0369 Mid: 0.0369 | 26 Open: 0.0369 Close: 0.0369 Mid: 0.0369 | 27 |
28 | 29 Open: 0.0369 Close: 0.0368 Mid: 0.0368 | 30 Open: 0.0368 Close: 0.0369 Mid: 0.0369 | 31 Open: 0.0369 Close: 0.0371 Mid: 0.0371 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0371 Close: 0.0370 Mid: 0.0369 | 2 Open: 0.0370 Close: 0.0367 Mid: 0.0369 | 3 | ||||
4 | 5 Open: 0.0368 Close: 0.0363 Mid: 0.0366 | 6 Open: 0.0363 Close: 0.0366 Mid: 0.0364 | 7 Open: 0.0366 Close: 0.0368 Mid: 0.0367 | 8 Open: 0.0368 Close: 0.0367 Mid: 0.0368 | 9 Open: 0.0367 Close: 0.0368 Mid: 0.0368 | 10 |
11 | 12 Open: 0.0368 Close: 0.0370 Mid: 0.0369 | 13 Open: 0.0370 Close: 0.0364 Mid: 0.0368 | 14 Open: 0.0364 Close: 0.0366 Mid: 0.0365 | 15 Open: 0.0366 Close: 0.0368 Mid: 0.0367 | 16 Open: 0.0368 Close: 0.0369 Mid: 0.0369 | 17 |
18 | 19 Open: 0.0368 Close: 0.0370 Mid: 0.0370 | 20 Open: 0.0370 Close: 0.0372 Mid: 0.0371 | 21 Open: 0.0372 Close: 0.0371 Mid: 0.0372 | 22 Open: 0.0371 Close: 0.0373 Mid: 0.0373 | 23 Open: 0.0373 Close: 0.0373 Mid: 0.0373 | 24 |
25 | 26 Open: 0.0373 Close: 0.0374 Mid: 0.0374 | 27 Open: 0.0374 Close: 0.0373 Mid: 0.0374 | 28 Open: 0.0373 Close: 0.0372 Mid: 0.0373 | 29 Open: 0.0372 Close: 0.0371 Mid: 0.0372 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0371 Close: 0.0373 Mid: 0.0373 | 2 | |||||
3 | 4 Open: 0.0373 Close: 0.0371 Mid: 0.0372 | 5 Open: 0.0371 Close: 0.0371 Mid: 0.0371 | 6 Open: 0.0371 Close: 0.0374 Mid: 0.0372 | 7 Open: 0.0374 Close: 0.0376 Mid: 0.0375 | 8 Open: 0.0376 Close: 0.0377 Mid: 0.0376 | 9 |
10 | 11 Open: 0.0377 Close: 0.0376 Mid: 0.0376 | 12 Open: 0.0376 Close: 0.0376 Mid: 0.0377 | 13 Open: 0.0376 Close: 0.0376 Mid: 0.0376 | 14 Open: 0.0376 Close: 0.0373 Mid: 0.0375 | 15 Open: 0.0373 Close: 0.0372 Mid: 0.0372 | 16 |
17 | 18 Open: 0.0372 Close: 0.0369 Mid: 0.0371 | 19 Open: 0.0369 Close: 0.0369 Mid: 0.0368 | 20 Open: 0.0369 Close: 0.0369 Mid: 0.0369 | 21 Open: 0.0370 Close: 0.0369 Mid: 0.0370 | 22 Open: 0.0369 Close: 0.0364 Mid: 0.0367 | 23 |
24 | 25 Open: 0.0364 Close: 0.0364 Mid: 0.0364 | 26 Open: 0.0364 Close: 0.0364 Mid: 0.0365 | 27 Open: 0.0364 Close: 0.0362 Mid: 0.0363 | 28 Open: 0.0362 Close: 0.0360 Mid: 0.0361 | 29 Open: 0.0360 Close: 0.0361 Mid: 0.0360 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0360 Close: 0.0358 Mid: 0.0359 | 2 Open: 0.0358 Close: 0.0358 Mid: 0.0359 | 3 Open: 0.0358 Close: 0.0361 Mid: 0.0360 | 4 Open: 0.0361 Close: 0.0362 Mid: 0.0363 | 5 Open: 0.0362 Close: 0.0362 Mid: 0.0362 | 6 | |
7 | 8 Open: 0.0362 Close: 0.0364 Mid: 0.0364 | 9 Open: 0.0364 Close: 0.0365 Mid: 0.0365 | 10 Open: 0.0365 Close: 0.0360 Mid: 0.0362 | 11 Open: 0.0360 Close: 0.0359 Mid: 0.0359 | 12 Open: 0.0359 Close: 0.0354 Mid: 0.0356 | 13 |
14 | 15 Open: 0.0354 Close: 0.0354 Mid: 0.0355 | 16 Open: 0.0354 Close: 0.0351 Mid: 0.0353 | 17 Open: 0.0351 Close: 0.0352 Mid: 0.0351 | 18 Open: 0.0352 Close: 0.0351 Mid: 0.0353 | 19 Open: 0.0351 Close: 0.0354 Mid: 0.0352 | 20 |
21 | 22 Open: 0.0353 Close: 0.0353 Mid: 0.0353 | 23 Open: 0.0353 Close: 0.0355 Mid: 0.0354 | 24 Open: 0.0355 Close: 0.0353 Mid: 0.0355 | 25 Open: 0.0353 Close: 0.0353 Mid: 0.0353 | 26 Open: 0.0353 Close: 0.0352 Mid: 0.0353 | 27 |
28 | 29 Open: 0.0355 Close: 0.0352 Mid: 0.0354 | 30 Open: 0.0352 Close: 0.0350 Mid: 0.0351 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0350 Close: 0.0351 Mid: 0.0351 | 2 Open: 0.0351 Close: 0.0354 Mid: 0.0353 | 3 Open: 0.0354 Close: 0.0356 Mid: 0.0356 | 4 | |||
5 | 6 Open: 0.0356 Close: 0.0356 Mid: 0.0356 | 7 Open: 0.0356 Close: 0.0355 Mid: 0.0355 | 8 Open: 0.0355 Close: 0.0353 Mid: 0.0354 | 9 Open: 0.0353 Close: 0.0354 Mid: 0.0353 | 10 Open: 0.0354 Close: 0.0355 Mid: 0.0355 | 11 |
12 | 13 Open: 0.0355 Close: 0.0355 Mid: 0.0355 | 14 Open: 0.0355 Close: 0.0356 Mid: 0.0355 | 15 Open: 0.0356 Close: 0.0360 Mid: 0.0358 | 16 Open: 0.0360 Close: 0.0359 Mid: 0.0361 | 17 Open: 0.0359 Close: 0.0359 Mid: 0.0359 | 18 |
19 | 20 Open: 0.0359 Close: 0.0360 Mid: 0.0360 | 21 Open: 0.0360 Close: 0.0360 Mid: 0.0361 | 22 Open: 0.0360 Close: 0.0359 Mid: 0.0359 | 23 Open: 0.0359 Close: 0.0359 Mid: 0.0360 | 24 Open: 0.0359 Close: 0.0361 Mid: 0.0360 | 25 |
26 | 27 Open: 0.0361 Close: 0.0363 Mid: 0.0362 | 28 Open: 0.0363 Close: 0.0364 Mid: 0.0364 | 29 Open: 0.0364 Close: 0.0361 Mid: 0.0363 | 30 Open: 0.0361 Close: 0.0363 Mid: 0.0362 | 31 Open: 0.0363 Close: 0.0365 Mid: 0.0365 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.0366 Close: 0.0369 Mid: 0.0367 | 4 Open: 0.0369 Close: 0.0369 Mid: 0.0369 | 5 Open: 0.0369 Close: 0.0370 Mid: 0.0370 | 6 Open: 0.0370 Close: 0.0370 Mid: 0.0371 | 7 Open: 0.0370 Close: 0.0366 Mid: 0.0369 | 8 |
9 | 10 Open: 0.0365 Close: 0.0367 Mid: 0.0366 | 11 Open: 0.0367 Close: 0.0367 Mid: 0.0367 | 12 Open: 0.0367 Close: 0.0372 Mid: 0.0370 | 13 Open: 0.0372 Close: 0.0368 Mid: 0.0370 | 14 Open: 0.0368 Close: 0.0366 Mid: 0.0366 | 15 |
16 | 17 Open: 0.0366 Close: 0.0367 Mid: 0.0366 | 18 Open: 0.0367 Close: 0.0368 Mid: 0.0368 | 19 Open: 0.0368 Close: 0.0369 Mid: 0.0369 | 20 Open: 0.0369 Close: 0.0367 Mid: 0.0369 | 21 Open: 0.0367 Close: 0.0366 Mid: 0.0367 | 22 |
23 | 24 Open: 0.0366 Close: 0.0367 Mid: 0.0367 | 25 Open: 0.0367 Close: 0.0366 Mid: 0.0367 | 26 Open: 0.0366 Close: 0.0364 Mid: 0.0365 | 27 Open: 0.0364 Close: 0.0362 Mid: 0.0363 | 28 Open: 0.0362 Close: 0.0363 Mid: 0.0363 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0364 Close: 0.0363 Mid: 0.0364 | 2 Open: 0.0363 Close: 0.0364 Mid: 0.0362 | 3 Open: 0.0364 Close: 0.0367 Mid: 0.0365 | 4 Open: 0.0367 Close: 0.0367 Mid: 0.0367 | 5 Open: 0.0367 Close: 0.0367 Mid: 0.0367 | 6 | |
7 | 8 Open: 0.0366 Close: 0.0364 Mid: 0.0366 | 9 Open: 0.0364 Close: 0.0365 Mid: 0.0364 | 10 Open: 0.0365 Close: 0.0365 Mid: 0.0365 | 11 Open: 0.0365 Close: 0.0367 Mid: 0.0366 | 12 Open: 0.0367 Close: 0.0365 Mid: 0.0366 | 13 |
14 | 15 Open: 0.0366 Close: 0.0363 Mid: 0.0365 | 16 Open: 0.0363 Close: 0.0363 Mid: 0.0363 | 17 Open: 0.0363 Close: 0.0365 Mid: 0.0364 | 18 Open: 0.0365 Close: 0.0364 Mid: 0.0365 | 19 Open: 0.0364 Close: 0.0361 Mid: 0.0363 | 20 |
21 | 22 Open: 0.0361 Close: 0.0359 Mid: 0.0361 | 23 Open: 0.0359 Close: 0.0358 Mid: 0.0359 | 24 Open: 0.0358 Close: 0.0357 Mid: 0.0357 | 25 Open: 0.0357 Close: 0.0356 Mid: 0.0356 | 26 Open: 0.0356 Close: 0.0356 Mid: 0.0356 | 27 |
28 | 29 Open: 0.0356 Close: 0.0355 Mid: 0.0356 | 30 Open: 0.0355 Close: 0.0358 Mid: 0.0357 | 31 Open: 0.0358 Close: 0.0360 Mid: 0.0359 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0360 Close: 0.0359 Mid: 0.0360 | 2 Open: 0.0359 Close: 0.0363 Mid: 0.0361 | 3 | ||||
4 | 5 Open: 0.0364 Close: 0.0364 Mid: 0.0365 | 6 Open: 0.0364 Close: 0.0366 Mid: 0.0366 | 7 Open: 0.0366 Close: 0.0368 Mid: 0.0368 | 8 Open: 0.0368 Close: 0.0366 Mid: 0.0367 | 9 Open: 0.0366 Close: 0.0366 Mid: 0.0366 | 10 |
11 | 12 Open: 0.0365 Close: 0.0366 Mid: 0.0366 | 13 Open: 0.0366 Close: 0.0367 Mid: 0.0366 | 14 Open: 0.0367 Close: 0.0368 Mid: 0.0369 | 15 Open: 0.0368 Close: 0.0365 Mid: 0.0367 | 16 Open: 0.0365 Close: 0.0368 Mid: 0.0366 | 17 |
18 | 19 Open: 0.0370 Close: 0.0373 Mid: 0.0370 | 20 Open: 0.0373 Close: 0.0377 Mid: 0.0375 | 21 Open: 0.0377 Close: 0.0377 Mid: 0.0377 | 22 Open: 0.0377 Close: 0.0376 Mid: 0.0377 | 23 Open: 0.0376 Close: 0.0377 Mid: 0.0376 | 24 |
25 | 26 Open: 0.0376 Close: 0.0377 Mid: 0.0377 | 27 Open: 0.0377 Close: 0.0379 Mid: 0.0378 | 28 Open: 0.0379 Close: 0.0378 Mid: 0.0378 | 29 Open: 0.0378 Close: 0.0377 Mid: 0.0377 | 30 Open: 0.0377 Close: 0.0375 Mid: 0.0376 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0375 Close: 0.0375 Mid: 0.0376 | 3 Open: 0.0375 Close: 0.0373 Mid: 0.0375 | 4 Open: 0.0373 Close: 0.0374 Mid: 0.0374 | 5 Open: 0.0374 Close: 0.0375 Mid: 0.0375 | 6 Open: 0.0375 Close: 0.0374 Mid: 0.0376 | 7 |
8 | 9 Open: 0.0375 Close: 0.0371 Mid: 0.0373 | 10 Open: 0.0371 Close: 0.0371 Mid: 0.0372 | 11 Open: 0.0371 Close: 0.0371 Mid: 0.0372 | 12 Open: 0.0371 Close: 0.0373 Mid: 0.0372 | 13 Open: 0.0373 Close: 0.0376 Mid: 0.0375 | 14 |
15 | 16 Open: 0.0376 Close: 0.0378 Mid: 0.0377 | 17 Open: 0.0378 Close: 0.0379 Mid: 0.0379 | 18 Open: 0.0379 Close: 0.0377 Mid: 0.0378 | 19 Open: 0.0377 Close: 0.0379 Mid: 0.0379 | 20 Open: 0.0379 Close: 0.0378 Mid: 0.0378 | 21 |
22 | 23 Open: 0.0378 Close: 0.0377 Mid: 0.0378 | 24 Open: 0.0377 Close: 0.0380 Mid: 0.0379 | 25 Open: 0.0381 Close: 0.0379 Mid: 0.0381 | 26 Open: 0.0379 Close: 0.0380 Mid: 0.0380 | 27 Open: 0.0380 Close: 0.0382 Mid: 0.0381 | 28 |
29 | 30 Open: 0.0381 Close: 0.0379 Mid: 0.0381 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0379 Close: 0.0375 Mid: 0.0377 | 2 Open: 0.0375 Close: 0.0375 Mid: 0.0376 | 3 Open: 0.0375 Close: 0.0373 Mid: 0.0375 | 4 Open: 0.0373 Close: 0.0372 Mid: 0.0373 | 5 | ||
6 | 7 Open: 0.0373 Close: 0.0372 Mid: 0.0372 | 8 Open: 0.0372 Close: 0.0372 Mid: 0.0372 | 9 Open: 0.0372 Close: 0.0371 Mid: 0.0372 | 10 Open: 0.0371 Close: 0.0371 Mid: 0.0371 | 11 Open: 0.0371 Close: 0.0371 Mid: 0.0371 | 12 |
13 | 14 Open: 0.0371 Close: 0.0369 Mid: 0.0370 | 15 Open: 0.0369 Close: 0.0370 Mid: 0.0370 | 16 Open: 0.0369 Close: 0.0367 Mid: 0.0369 | 17 Open: 0.0367 Close: 0.0365 Mid: 0.0366 | 18 Open: 0.0365 Close: 0.0366 Mid: 0.0365 | 19 |
20 | 21 Open: 0.0366 Close: 0.0365 Mid: 0.0365 | 22 Open: 0.0364 Close: 0.0365 Mid: 0.0366 | 23 Open: 0.0365 Close: 0.0364 Mid: 0.0364 | 24 Open: 0.0364 Close: 0.0364 Mid: 0.0364 | 25 Open: 0.0364 Close: 0.0363 Mid: 0.0364 | 26 |
27 | 28 Open: 0.0363 Close: 0.0362 Mid: 0.0363 | 29 Open: 0.0362 Close: 0.0361 Mid: 0.0361 | 30 Open: 0.0361 Close: 0.0361 Mid: 0.0361 | 31 Open: 0.0361 Close: 0.0362 Mid: 0.0361 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.0362 Close: 0.0359 Mid: 0.0360 | 2 | |||||
3 | 4 Open: 0.0359 Close: 0.0359 Mid: 0.0360 | 5 Open: 0.0359 Close: 0.0359 Mid: 0.0360 | 6 Open: 0.0359 Close: 0.0355 Mid: 0.0356 | 7 Open: 0.0355 Close: 0.0360 Mid: 0.0358 | 8 Open: 0.0360 Close: 0.0356 Mid: 0.0358 | 9 |
10 | 11 Open: 0.0355 Close: 0.0355 Mid: 0.0355 | 12 Open: 0.0355 Close: 0.0354 Mid: 0.0354 | 13 Open: 0.0354 Close: 0.0351 Mid: 0.0353 | 14 Open: 0.0351 Close: 0.0350 Mid: 0.0350 | 15 Open: 0.0350 Close: 0.0351 Mid: 0.0351 | 16 |
17 | 18 Open: 0.0350 Close: 0.0353 Mid: 0.0352 | 19 Open: 0.0353 Close: 0.0352 Mid: 0.0352 | 20 Open: 0.0352 Close: 0.0349 Mid: 0.0351 | 21 Open: 0.0349 Close: 0.0348 Mid: 0.0349 | 22 Open: 0.0348 Close: 0.0349 Mid: 0.0348 | 23 |
24 | 25 Open: 0.0349 Close: 0.0350 Mid: 0.0351 | 26 Open: 0.0350 Close: 0.0350 Mid: 0.0350 | 27 Open: 0.0350 Close: 0.0353 Mid: 0.0352 | 28 Open: 0.0353 Close: 0.0352 Mid: 0.0352 | 29 Open: 0.0352 Close: 0.0353 Mid: 0.0353 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.0353 Close: 0.0350 Mid: 0.0351 | 3 Open: 0.0350 Close: 0.0350 Mid: 0.0350 | 4 Open: 0.0350 Close: 0.0352 Mid: 0.0351 | 5 Open: 0.0352 Close: 0.0354 Mid: 0.0353 | 6 Open: 0.0354 Close: 0.0352 Mid: 0.0354 | 7 |
8 | 9 Open: 0.0352 Close: 0.0353 Mid: 0.0352 | 10 Open: 0.0353 Close: 0.0351 Mid: 0.0352 | 11 Open: 0.0351 Close: 0.0351 Mid: 0.0351 | 12 Open: 0.0351 Close: 0.0350 Mid: 0.0351 | 13 Open: 0.0350 Close: 0.0351 Mid: 0.0351 | 14 |
15 | 16 Open: 0.0351 Close: 0.0354 Mid: 0.0352 | 17 Open: 0.0354 Close: 0.0351 Mid: 0.0353 | 18 Open: 0.0351 Close: 0.0347 Mid: 0.0350 | 19 Open: 0.0347 Close: 0.0350 Mid: 0.0349 | 20 Open: 0.0350 Close: 0.0349 Mid: 0.0349 | 21 |
22 | 23 Open: 0.0350 Close: 0.0348 Mid: 0.0349 | 24 Open: 0.0348 Close: 0.0347 Mid: 0.0348 | 25 Open: 0.0348 Close: 0.0347 Mid: 0.0348 | 26 Open: 0.0348 Close: 0.0347 Mid: 0.0348 | 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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