Best Swedish Krona / Philippine Peso Exchange Rate Today: 5.2255
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 5.2098, and the most competitive travel money / cash rates start at approximately 5.1785.
Live rate: 1 SEK = 5.2255 PHP (-1.3275% )
Inverted: 1 PHP = 0.1914 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 | 5.2255 | 0 | 5.1732 | |||
 | 5.2098 (indicative) | 0 | 5.2098 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 5.1889 (indicative) | 0 | 5.1889 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 5.2255 | 1.85% | 5.1288 | 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. | |
 | 5.1785 | 0 | 5.1785 | 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  | 5.0792 (upper range) | Variable | 5.0792 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 5.0426 (lower range) | Variable | 5.0426 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 4.9904 | 0 | 4.9904 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.5494 Close: 5.4921 Mid: 5.5258 | 2 Open: 5.4915 Close: 5.4379 Mid: 5.4920 | 3 Open: 5.4382 Close: 5.4210 Mid: 5.4350 | 4 Open: 5.4210 Close: 5.4370 Mid: 5.4231 | 5 Open: 5.4369 Close: 5.4075 Mid: 5.4184 | 6 | |
7 | 8 Open: 5.4105 Close: 5.4499 Mid: 5.4355 | 9 Open: 5.4516 Close: 5.4715 Mid: 5.4597 | 10 Open: 5.4743 Close: 5.4897 Mid: 5.4887 | 11 Open: 5.4902 Close: 5.4597 Mid: 5.4772 | 12 Open: 5.4596 Close: 5.4290 Mid: 5.4467 | 13 |
14 | 15 Open: 5.4293 Close: 5.3971 Mid: 5.4246 | 16 Open: 5.3981 Close: 5.3566 Mid: 5.3787 | 17 Open: 5.3582 Close: 5.3548 Mid: 5.3493 | 18 Open: 5.3577 Close: 5.3243 Mid: 5.3324 | 19 Open: 5.3235 Close: 5.3422 Mid: 5.3420 | 20 |
21 | 22 Open: 5.3473 Close: 5.3807 Mid: 5.3761 | 23 Open: 5.3841 Close: 5.3719 Mid: 5.3819 | 24 Open: 5.3728 Close: 5.3858 Mid: 5.3911 | 25 Open: 5.3866 Close: 5.4024 Mid: 5.4183 | 26 Open: 5.4049 Close: 5.3880 Mid: 5.3963 | 27 |
28 | 29 Open: 5.3907 Close: 5.4010 Mid: 5.3849 | 30 Open: 5.4003 Close: 5.4113 Mid: 5.4050 | 31 Open: 5.4120 Close: 5.4053 Mid: 5.4165 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4067 Close: 5.3938 Mid: 5.3753 | 2 Open: 5.3918 Close: 5.3486 Mid: 5.3681 | 3 | ||||
4 | 5 Open: 5.3484 Close: 5.3135 Mid: 5.3329 | 6 Open: 5.3120 Close: 5.3417 Mid: 5.3125 | 7 Open: 5.3430 Close: 5.3484 Mid: 5.3397 | 8 Open: 5.3483 Close: 5.3429 Mid: 5.3384 | 9 Open: 5.3422 Close: 5.3595 Mid: 5.3468 | 10 |
11 | 12 Open: 5.3553 Close: 5.3783 Mid: 5.3696 | 13 Open: 5.3772 Close: 5.3092 Mid: 5.3473 | 14 Open: 5.3077 Close: 5.3310 Mid: 5.3219 | 15 Open: 5.3306 Close: 5.3434 Mid: 5.3387 | 16 Open: 5.3452 Close: 5.3596 Mid: 5.3497 | 17 |
18 | 19 Open: 5.3534 Close: 5.3856 Mid: 5.3798 | 20 Open: 5.3855 Close: 5.3979 Mid: 5.3973 | 21 Open: 5.3975 Close: 5.3971 Mid: 5.3980 | 22 Open: 5.3971 Close: 5.4065 Mid: 5.4074 | 23 Open: 5.4102 Close: 5.4194 Mid: 5.4187 | 24 |
25 | 26 Open: 5.4131 Close: 5.4498 Mid: 5.4374 | 27 Open: 5.4499 Close: 5.4405 Mid: 5.4508 | 28 Open: 5.4408 Close: 5.4437 Mid: 5.4286 | 29 Open: 5.4437 Close: 5.4136 Mid: 5.4289 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4154 Close: 5.4296 Mid: 5.4196 | 2 | |||||
3 | 4 Open: 5.4320 Close: 5.3979 Mid: 5.4218 | 5 Open: 5.3980 Close: 5.3929 Mid: 5.3937 | 6 Open: 5.3942 Close: 5.4164 Mid: 5.3950 | 7 Open: 5.4165 Close: 5.4557 Mid: 5.4356 | 8 Open: 5.4555 Close: 5.4324 Mid: 5.4230 | 9 |
10 | 11 Open: 5.4401 Close: 5.4062 Mid: 5.4373 | 12 Open: 5.4059 Close: 5.4176 Mid: 5.4159 | 13 Open: 5.4180 Close: 5.4135 Mid: 5.4118 | 14 Open: 5.4136 Close: 5.3700 Mid: 5.3921 | 15 Open: 5.3700 Close: 5.3695 Mid: 5.3644 | 16 |
17 | 18 Open: 5.3662 Close: 5.3362 Mid: 5.3474 | 19 Open: 5.3363 Close: 5.3513 Mid: 5.3548 | 20 Open: 5.3513 Close: 5.3966 Mid: 5.3663 | 21 Open: 5.3966 Close: 5.3513 Mid: 5.3904 | 22 Open: 5.3516 Close: 5.3385 Mid: 5.3502 | 23 |
24 | 25 Open: 5.3381 Close: 5.3233 Mid: 5.3041 | 26 Open: 5.3235 Close: 5.3115 Mid: 5.3234 | 27 Open: 5.3117 Close: 5.3025 Mid: 5.3057 | 28 Open: 5.3021 Close: 5.2514 Mid: 5.2757 | 29 Open: 5.2513 Close: 5.2634 Mid: 5.2498 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2587 Close: 5.2046 Mid: 5.2340 | 2 Open: 5.2048 Close: 5.2464 Mid: 5.2357 | 3 Open: 5.2464 Close: 5.3000 Mid: 5.2733 | 4 Open: 5.3001 Close: 5.3257 Mid: 5.3242 | 5 Open: 5.3253 Close: 5.3199 Mid: 5.3140 | 6 | |
7 | 8 Open: 5.3257 Close: 5.3519 Mid: 5.3359 | 9 Open: 5.3516 Close: 5.3347 Mid: 5.3477 | 10 Open: 5.3348 Close: 5.2729 Mid: 5.2959 | 11 Open: 5.2729 Close: 5.2618 Mid: 5.2590 | 12 Open: 5.2619 Close: 5.2023 Mid: 5.2263 | 13 |
14 | 15 Open: 5.2041 Close: 5.2300 Mid: 5.2233 | 16 Open: 5.2301 Close: 5.2033 Mid: 5.2176 | 17 Open: 5.2037 Close: 5.2258 Mid: 5.2120 | 18 Open: 5.2261 Close: 5.2217 Mid: 5.2293 | 19 Open: 5.2213 Close: 5.2696 Mid: 5.2560 | 20 |
21 | 22 Open: 5.2628 Close: 5.2852 Mid: 5.2738 | 23 Open: 5.2853 Close: 5.3057 Mid: 5.2903 | 24 Open: 5.3057 Close: 5.3120 Mid: 5.3098 | 25 Open: 5.3122 Close: 5.3009 Mid: 5.3098 | 26 Open: 5.3009 Close: 5.2684 Mid: 5.2930 | 27 |
28 | 29 Open: 5.3205 Close: 5.2755 Mid: 5.2995 | 30 Open: 5.2758 Close: 5.2439 Mid: 5.2595 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2439 Close: 5.2794 Mid: 5.2616 | 2 Open: 5.2793 Close: 5.2886 Mid: 5.2778 | 3 Open: 5.2884 Close: 5.2760 Mid: 5.2895 | 4 | |||
5 | 6 Open: 5.2812 Close: 5.2918 Mid: 5.2831 | 7 Open: 5.2919 Close: 5.2662 Mid: 5.2826 | 8 Open: 5.2664 Close: 5.2598 Mid: 5.2634 | 9 Open: 5.2598 Close: 5.2818 Mid: 5.2616 | 10 Open: 5.2817 Close: 5.3137 Mid: 5.2954 | 11 |
12 | 13 Open: 5.3143 Close: 5.3320 Mid: 5.3232 | 14 Open: 5.3321 Close: 5.3430 Mid: 5.3292 | 15 Open: 5.3432 Close: 5.3862 Mid: 5.3572 | 16 Open: 5.3865 Close: 5.3682 Mid: 5.3750 | 17 Open: 5.3680 Close: 5.3879 Mid: 5.3757 | 18 |
19 | 20 Open: 5.3930 Close: 5.4312 Mid: 5.4162 | 21 Open: 5.4315 Close: 5.4349 Mid: 5.4466 | 22 Open: 5.4350 Close: 5.4120 Mid: 5.4292 | 23 Open: 5.4118 Close: 5.4261 Mid: 5.4329 | 24 Open: 5.4261 Close: 5.4552 Mid: 5.4369 | 25 |
26 | 27 Open: 5.4545 Close: 5.4748 Mid: 5.4615 | 28 Open: 5.4748 Close: 5.4895 Mid: 5.4940 | 29 Open: 5.4892 Close: 5.4842 Mid: 5.4970 | 30 Open: 5.4843 Close: 5.5205 Mid: 5.5187 | 31 Open: 5.5204 Close: 5.5568 Mid: 5.5449 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 5.5613 Close: 5.6369 Mid: 5.6319 | 4 Open: 5.6368 Close: 5.6363 Mid: 5.6312 | 5 Open: 5.6363 Close: 5.6482 Mid: 5.6450 | 6 Open: 5.6483 Close: 5.6386 Mid: 5.6455 | 7 Open: 5.6388 Close: 5.5769 Mid: 5.6131 | 8 |
9 | 10 Open: 5.5713 Close: 5.6118 Mid: 5.5720 | 11 Open: 5.6118 Close: 5.6034 Mid: 5.6016 | 12 Open: 5.6033 Close: 5.6381 Mid: 5.6354 | 13 Open: 5.6375 Close: 5.5993 Mid: 5.6230 | 14 Open: 5.5992 Close: 5.5822 Mid: 5.5777 | 15 |
16 | 17 Open: 5.5753 Close: 5.5965 Mid: 5.5758 | 18 Open: 5.5964 Close: 5.6193 Mid: 5.6001 | 19 Open: 5.6197 Close: 5.6333 Mid: 5.6245 | 20 Open: 5.6332 Close: 5.6031 Mid: 5.6323 | 21 Open: 5.6031 Close: 5.5987 Mid: 5.5970 | 22 |
23 | 24 Open: 5.5909 Close: 5.6123 Mid: 5.6036 | 25 Open: 5.6124 Close: 5.5907 Mid: 5.6050 | 26 Open: 5.5907 Close: 5.5746 Mid: 5.5774 | 27 Open: 5.5746 Close: 5.5177 Mid: 5.5488 | 28 Open: 5.5177 Close: 5.5117 Mid: 5.5083 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.5408 Close: 5.5298 Mid: 5.5412 | 2 Open: 5.5303 Close: 5.5563 Mid: 5.5313 | 3 Open: 5.5562 Close: 5.5887 Mid: 5.5775 | 4 Open: 5.5886 Close: 5.5776 Mid: 5.5791 | 5 Open: 5.5776 Close: 5.5847 Mid: 5.5800 | 6 | |
7 | 8 Open: 5.5713 Close: 5.5335 Mid: 5.5590 | 9 Open: 5.5310 Close: 5.5454 Mid: 5.5351 | 10 Open: 5.5453 Close: 5.5281 Mid: 5.5178 | 11 Open: 5.5281 Close: 5.5505 Mid: 5.5484 | 12 Open: 5.5506 Close: 5.5466 Mid: 5.5476 | 13 |
14 | 15 Open: 5.5550 Close: 5.5124 Mid: 5.5405 | 16 Open: 5.5124 Close: 5.5096 Mid: 5.5048 | 17 Open: 5.5095 Close: 5.5193 Mid: 5.5169 | 18 Open: 5.5194 Close: 5.5009 Mid: 5.5173 | 19 Open: 5.5008 Close: 5.4657 Mid: 5.4899 | 20 |
21 | 22 Open: 5.4720 Close: 5.4472 Mid: 5.4653 | 23 Open: 5.4473 Close: 5.4315 Mid: 5.4390 | 24 Open: 5.4314 Close: 5.4344 Mid: 5.4276 | 25 Open: 5.4344 Close: 5.4052 Mid: 5.4110 | 26 Open: 5.4055 Close: 5.4070 Mid: 5.3997 | 27 |
28 | 29 Open: 5.4119 Close: 5.4126 Mid: 5.4073 | 30 Open: 5.4127 Close: 5.4411 Mid: 5.4252 | 31 Open: 5.4412 Close: 5.4549 Mid: 5.4456 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4554 Close: 5.4296 Mid: 5.4513 | 2 Open: 5.4299 Close: 5.4627 Mid: 5.4310 | 3 | ||||
4 | 5 Open: 5.4734 Close: 5.4786 Mid: 5.4753 | 6 Open: 5.4782 Close: 5.4773 Mid: 5.4875 | 7 Open: 5.4772 Close: 5.4975 Mid: 5.5023 | 8 Open: 5.4974 Close: 5.4552 Mid: 5.4596 | 9 Open: 5.4552 Close: 5.4411 Mid: 5.4484 | 10 |
11 | 12 Open: 5.4325 Close: 5.4405 Mid: 5.4433 | 13 Open: 5.4406 Close: 5.4404 Mid: 5.4286 | 14 Open: 5.4404 Close: 5.4453 Mid: 5.4603 | 15 Open: 5.4452 Close: 5.4315 Mid: 5.4371 | 16 Open: 5.4314 Close: 5.4680 Mid: 5.4389 | 17 |
18 | 19 Open: 5.4930 Close: 5.4965 Mid: 5.4669 | 20 Open: 5.4965 Close: 5.5291 Mid: 5.5041 | 21 Open: 5.5291 Close: 5.5290 Mid: 5.5191 | 22 Open: 5.5290 Close: 5.5175 Mid: 5.5222 | 23 Open: 5.5175 Close: 5.5166 Mid: 5.5063 | 24 |
25 | 26 Open: 5.5001 Close: 5.4988 Mid: 5.4976 | 27 Open: 5.4987 Close: 5.5451 Mid: 5.5169 | 28 Open: 5.5450 Close: 5.5177 Mid: 5.5240 | 29 Open: 5.5176 Close: 5.4998 Mid: 5.5053 | 30 Open: 5.4997 Close: 5.4754 Mid: 5.4842 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.4767 Close: 5.5066 Mid: 5.5052 | 3 Open: 5.5064 Close: 5.4801 Mid: 5.5026 | 4 Open: 5.4804 Close: 5.4994 Mid: 5.4853 | 5 Open: 5.4995 Close: 5.4659 Mid: 5.4751 | 6 Open: 5.4657 Close: 5.4624 Mid: 5.4737 | 7 |
8 | 9 Open: 5.3472 Close: 5.4318 Mid: 5.1736 | 10 Open: 5.4319 Close: 5.4268 Mid: 5.4357 | 11 Open: 5.4265 Close: 5.3945 Mid: 5.4014 | 12 Open: 5.3943 Close: 5.4533 Mid: 5.4230 | 13 Open: 5.4532 Close: 5.4702 Mid: 5.4669 | 14 |
15 | 16 Open: 5.4630 Close: 5.4776 Mid: 5.4878 | 17 Open: 5.4775 Close: 5.4793 Mid: 5.4743 | 18 Open: 5.4793 Close: 5.4683 Mid: 5.5002 | 19 Open: 5.4683 Close: 5.4717 Mid: 5.4732 | 20 Open: 5.4716 Close: 5.4707 Mid: 5.4603 | 21 |
22 | 23 Open: 5.4722 Close: 5.4892 Mid: 5.4920 | 24 Open: 5.4895 Close: 5.5425 Mid: 5.5227 | 25 Open: 5.5423 Close: 5.5072 Mid: 5.5288 | 26 Open: 5.5065 Close: 5.5279 Mid: 5.5140 | 27 Open: 5.5281 Close: 5.5498 Mid: 5.5354 | 28 |
29 | 30 Open: 5.5443 Close: 5.5318 Mid: 5.5477 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.5319 Close: 5.4911 Mid: 5.5130 | 2 Open: 5.4911 Close: 5.4817 Mid: 5.4771 | 3 Open: 5.4817 Close: 5.4704 Mid: 5.4800 | 4 Open: 5.4703 Close: 5.4630 Mid: 5.4689 | 5 | ||
6 | 7 Open: 5.4781 Close: 5.4821 Mid: 5.4796 | 8 Open: 5.4822 Close: 5.5007 Mid: 5.4939 | 9 Open: 5.5011 Close: 5.4934 Mid: 5.4988 | 10 Open: 5.4932 Close: 5.5221 Mid: 5.5166 | 11 Open: 5.5222 Close: 5.5208 Mid: 5.5109 | 12 |
13 | 14 Open: 5.5109 Close: 5.5097 Mid: 5.5141 | 15 Open: 5.5096 Close: 5.5453 Mid: 5.5431 | 16 Open: 5.5455 Close: 5.5038 Mid: 5.5403 | 17 Open: 5.5039 Close: 5.4794 Mid: 5.4960 | 18 Open: 5.4790 Close: 5.4712 Mid: 5.4678 | 19 |
20 | 21 Open: 5.4693 Close: 5.4575 Mid: 5.4591 | 22 Open: 5.4576 Close: 5.4826 Mid: 5.4866 | 23 Open: 5.4825 Close: 5.4858 Mid: 5.4841 | 24 Open: 5.4859 Close: 5.4844 Mid: 5.4788 | 25 Open: 5.4845 Close: 5.4960 Mid: 5.4969 | 26 |
27 | 28 Open: 5.4979 Close: 5.4682 Mid: 5.4869 | 29 Open: 5.4685 Close: 5.4814 Mid: 5.4643 | 30 Open: 5.4815 Close: 5.4554 Mid: 5.4579 | 31 Open: 5.4556 Close: 5.4716 Mid: 5.4553 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4716 Close: 5.4337 Mid: 5.4927 | 2 | |||||
3 | 4 Open: 5.4431 Close: 5.4543 Mid: 5.4614 | 5 Open: 5.4541 Close: 5.4561 Mid: 5.4627 | 6 Open: 5.4560 Close: 5.4229 Mid: 5.4696 | 7 Open: 5.4229 Close: 5.4543 Mid: 5.4471 | 8 Open: 5.4543 Close: 5.4032 Mid: 5.4257 | 9 |
10 | 11 Open: 5.3966 Close: 5.4061 Mid: 5.4032 | 12 Open: 5.4062 Close: 5.3915 Mid: 5.3942 | 13 Open: 5.3917 Close: 5.3509 Mid: 5.3638 | 14 Open: 5.3511 Close: 5.3546 Mid: 5.3495 | 15 Open: 5.3550 Close: 5.3497 Mid: 5.3529 | 16 |
17 | 18 Open: 5.3397 Close: 5.3763 Mid: 5.3531 | 19 Open: 5.3763 Close: 5.3926 Mid: 5.3759 | 20 Open: 5.3926 Close: 5.3514 Mid: 5.3678 | 21 Open: 5.3513 Close: 5.3347 Mid: 5.3477 | 22 Open: 5.3349 Close: 5.3406 Mid: 5.3260 | 23 |
24 | 25 Open: 5.3485 Close: 5.3655 Mid: 5.3703 | 26 Open: 5.3656 Close: 5.3615 Mid: 5.3584 | 27 Open: 5.3616 Close: 5.3778 Mid: 5.3712 | 28 Open: 5.3778 Close: 5.3731 Mid: 5.3690 | 29 Open: 5.3732 Close: 5.3777 Mid: 5.3761 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.3830 Close: 5.3368 Mid: 5.3479 | 3 Open: 5.3367 Close: 5.3074 Mid: 5.3214 | 4 Open: 5.3075 Close: 5.3235 Mid: 5.3090 | 5 Open: 5.3236 Close: 5.3249 Mid: 5.3155 | 6 Open: 5.3249 Close: 5.2952 Mid: 5.3129 | 7 |
8 | 9 Open: 5.2999 Close: 5.3108 Mid: 5.3140 | 10 Open: 5.3108 Close: 5.2941 Mid: 5.3005 | 11 Open: 5.2941 Close: 5.3191 Mid: 5.3491 | 12 Open: 5.3191 Close: 5.2913 Mid: 5.3207 | 13 Open: 5.2914 Close: 5.3472 Mid: 5.3341 | 14 |
15 | 16 Open: 5.3424 Close: 5.4023 Mid: 5.3758 | 17 Open: 5.4022 Close: 5.3798 Mid: 5.3897 | 18 Open: 5.3800 Close: 5.3302 Mid: 5.3712 | 19 Open: 5.3302 Close: 5.3557 Mid: 5.3460 | 20 Open: 5.3562 Close: 5.3282 Mid: 5.3379 | 21 |
22 | 23 Open: 5.3361 Close: 5.2979 Mid: 5.3096 | 24 Open: 5.2979 Close: 5.2958 Mid: 5.2857 | 25 Open: 5.2979 Close: 5.2958 Mid: 5.2857 | 26 Open: 5.2957 Close: 5.2421 Mid: 5.2700 | 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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