Best Swedish Krona / Romanian Leu Exchange Rate Today: 0.4315
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.4302, and the most competitive travel money / cash rates start at approximately 0.4276.
Live rate: 1 SEK = 0.4315 RON (+0.0232% )
Inverted: 1 RON = 2.3175 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 | 0.4315 | 0 | 0.4272 | |||
 | 0.4302 (indicative) | 0 | 0.4302 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.4285 (indicative) | 0 | 0.4285 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.4315 | 1.65% | 0.4244 | 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. | |
 | 0.4276 | 0 | 0.4276 | 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  | 0.4194 (upper range) | Variable | 0.4194 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.4164 (lower range) | Variable | 0.4164 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.4121 | 0 | 0.4121 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4467 Close: 0.4467 Mid: 0.4467 | 2 Open: 0.4468 Close: 0.4441 Mid: 0.4466 | 3 Open: 0.4442 Close: 0.4420 Mid: 0.4435 | 4 Open: 0.4421 Close: 0.4447 Mid: 0.4435 | 5 Open: 0.4446 Close: 0.4427 Mid: 0.4439 | 6 | |
7 | 8 Open: 0.4427 Close: 0.4429 Mid: 0.4428 | 9 Open: 0.4431 Close: 0.4435 Mid: 0.4432 | 10 Open: 0.4437 Close: 0.4437 Mid: 0.4438 | 11 Open: 0.4436 Close: 0.4414 Mid: 0.4429 | 12 Open: 0.4414 Close: 0.4415 Mid: 0.4417 | 13 |
14 | 15 Open: 0.4414 Close: 0.4398 Mid: 0.4410 | 16 Open: 0.4399 Close: 0.4386 Mid: 0.4392 | 17 Open: 0.4387 Close: 0.4379 Mid: 0.4377 | 18 Open: 0.4381 Close: 0.4361 Mid: 0.4369 | 19 Open: 0.4362 Close: 0.4362 Mid: 0.4367 | 20 |
21 | 22 Open: 0.4368 Close: 0.4372 Mid: 0.4373 | 23 Open: 0.4374 Close: 0.4373 Mid: 0.4379 | 24 Open: 0.4373 Close: 0.4379 Mid: 0.4383 | 25 Open: 0.4380 Close: 0.4395 Mid: 0.4390 | 26 Open: 0.4395 Close: 0.4389 Mid: 0.4392 | 27 |
28 | 29 Open: 0.4388 Close: 0.4400 Mid: 0.4388 | 30 Open: 0.4400 Close: 0.4397 Mid: 0.4402 | 31 Open: 0.4398 Close: 0.4423 Mid: 0.4419 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4423 Close: 0.4400 Mid: 0.4405 | 2 Open: 0.4401 Close: 0.4393 Mid: 0.4401 | 3 | ||||
4 | 5 Open: 0.4392 Close: 0.4369 Mid: 0.4380 | 6 Open: 0.4369 Close: 0.4402 Mid: 0.4378 | 7 Open: 0.4404 Close: 0.4412 Mid: 0.4410 | 8 Open: 0.4412 Close: 0.4410 Mid: 0.4411 | 9 Open: 0.4410 Close: 0.4415 Mid: 0.4411 | 10 |
11 | 12 Open: 0.4411 Close: 0.4441 Mid: 0.4424 | 13 Open: 0.4440 Close: 0.4388 Mid: 0.4414 | 14 Open: 0.4388 Close: 0.4405 Mid: 0.4399 | 15 Open: 0.4405 Close: 0.4417 Mid: 0.4415 | 16 Open: 0.4417 Close: 0.4421 Mid: 0.4419 | 17 |
18 | 19 Open: 0.4420 Close: 0.4444 Mid: 0.4434 | 20 Open: 0.4444 Close: 0.4447 Mid: 0.4439 | 21 Open: 0.4446 Close: 0.4435 Mid: 0.4442 | 22 Open: 0.4435 Close: 0.4447 Mid: 0.4451 | 23 Open: 0.4451 Close: 0.4455 Mid: 0.4453 | 24 |
25 | 26 Open: 0.4449 Close: 0.4455 Mid: 0.4452 | 27 Open: 0.4455 Close: 0.4440 Mid: 0.4448 | 28 Open: 0.4440 Close: 0.4434 Mid: 0.4438 | 29 Open: 0.4435 Close: 0.4435 Mid: 0.4437 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4436 Close: 0.4441 Mid: 0.4440 | 2 | |||||
3 | 4 Open: 0.4443 Close: 0.4415 Mid: 0.4430 | 5 Open: 0.4415 Close: 0.4414 Mid: 0.4412 | 6 Open: 0.4415 Close: 0.4430 Mid: 0.4420 | 7 Open: 0.4430 Close: 0.4440 Mid: 0.4440 | 8 Open: 0.4440 Close: 0.4442 Mid: 0.4443 | 9 |
10 | 11 Open: 0.4447 Close: 0.4437 Mid: 0.4439 | 12 Open: 0.4437 Close: 0.4441 Mid: 0.4445 | 13 Open: 0.4441 Close: 0.4440 Mid: 0.4439 | 14 Open: 0.4440 Close: 0.4414 Mid: 0.4429 | 15 Open: 0.4414 Close: 0.4408 Mid: 0.4410 | 16 |
17 | 18 Open: 0.4408 Close: 0.4379 Mid: 0.4390 | 19 Open: 0.4380 Close: 0.4386 Mid: 0.4378 | 20 Open: 0.4387 Close: 0.4384 Mid: 0.4379 | 21 Open: 0.4384 Close: 0.4378 Mid: 0.4381 | 22 Open: 0.4378 Close: 0.4351 Mid: 0.4363 | 23 |
24 | 25 Open: 0.4352 Close: 0.4336 Mid: 0.4345 | 26 Open: 0.4336 Close: 0.4333 Mid: 0.4336 | 27 Open: 0.4333 Close: 0.4325 Mid: 0.4329 | 28 Open: 0.4325 Close: 0.4304 Mid: 0.4316 | 29 Open: 0.4304 Close: 0.4319 Mid: 0.4307 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4312 Close: 0.4287 Mid: 0.4298 | 2 Open: 0.4290 Close: 0.4296 Mid: 0.4302 | 3 Open: 0.4296 Close: 0.4305 Mid: 0.4303 | 4 Open: 0.4305 Close: 0.4306 Mid: 0.4317 | 5 Open: 0.4306 Close: 0.4307 Mid: 0.4308 | 6 | |
7 | 8 Open: 0.4309 Close: 0.4332 Mid: 0.4324 | 9 Open: 0.4331 Close: 0.4336 Mid: 0.4336 | 10 Open: 0.4336 Close: 0.4318 Mid: 0.4325 | 11 Open: 0.4318 Close: 0.4319 Mid: 0.4314 | 12 Open: 0.4319 Close: 0.4292 Mid: 0.4306 | 13 |
14 | 15 Open: 0.4294 Close: 0.4302 Mid: 0.4299 | 16 Open: 0.4302 Close: 0.4276 Mid: 0.4288 | 17 Open: 0.4276 Close: 0.4269 Mid: 0.4269 | 18 Open: 0.4268 Close: 0.4261 Mid: 0.4271 | 19 Open: 0.4261 Close: 0.4297 Mid: 0.4275 | 20 |
21 | 22 Open: 0.4275 Close: 0.4287 Mid: 0.4283 | 23 Open: 0.4287 Close: 0.4297 Mid: 0.4291 | 24 Open: 0.4297 Close: 0.4268 Mid: 0.4287 | 25 Open: 0.4269 Close: 0.4261 Mid: 0.4261 | 26 Open: 0.4261 Close: 0.4248 Mid: 0.4260 | 27 |
28 | 29 Open: 0.4294 Close: 0.4247 Mid: 0.4269 | 30 Open: 0.4247 Close: 0.4231 Mid: 0.4238 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4231 Close: 0.4250 Mid: 0.4242 | 2 Open: 0.4250 Close: 0.4270 Mid: 0.4260 | 3 Open: 0.4270 Close: 0.4271 Mid: 0.4274 | 4 | |||
5 | 6 Open: 0.4276 Close: 0.4269 Mid: 0.4270 | 7 Open: 0.4269 Close: 0.4263 Mid: 0.4265 | 8 Open: 0.4263 Close: 0.4242 Mid: 0.4250 | 9 Open: 0.4242 Close: 0.4252 Mid: 0.4249 | 10 Open: 0.4251 Close: 0.4261 Mid: 0.4255 | 11 |
12 | 13 Open: 0.4262 Close: 0.4251 Mid: 0.4255 | 14 Open: 0.4251 Close: 0.4253 Mid: 0.4249 | 15 Open: 0.4253 Close: 0.4284 Mid: 0.4271 | 16 Open: 0.4284 Close: 0.4271 Mid: 0.4282 | 17 Open: 0.4271 Close: 0.4269 Mid: 0.4270 | 18 |
19 | 20 Open: 0.4273 Close: 0.4284 Mid: 0.4280 | 21 Open: 0.4284 Close: 0.4285 Mid: 0.4290 | 22 Open: 0.4285 Close: 0.4281 Mid: 0.4284 | 23 Open: 0.4281 Close: 0.4283 Mid: 0.4288 | 24 Open: 0.4283 Close: 0.4299 Mid: 0.4291 | 25 |
26 | 27 Open: 0.4298 Close: 0.4318 Mid: 0.4309 | 28 Open: 0.4318 Close: 0.4333 Mid: 0.4330 | 29 Open: 0.4333 Close: 0.4316 Mid: 0.4327 | 30 Open: 0.4316 Close: 0.4336 Mid: 0.4323 | 31 Open: 0.4336 Close: 0.4352 Mid: 0.4346 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.4358 Close: 0.4384 Mid: 0.4369 | 4 Open: 0.4384 Close: 0.4384 Mid: 0.4376 | 5 Open: 0.4383 Close: 0.4399 Mid: 0.4394 | 6 Open: 0.4400 Close: 0.4397 Mid: 0.4399 | 7 Open: 0.4397 Close: 0.4370 Mid: 0.4388 | 8 |
9 | 10 Open: 0.4372 Close: 0.4417 Mid: 0.4388 | 11 Open: 0.4417 Close: 0.4420 Mid: 0.4414 | 12 Open: 0.4420 Close: 0.4443 Mid: 0.4441 | 13 Open: 0.4442 Close: 0.4413 Mid: 0.4427 | 14 Open: 0.4414 Close: 0.4422 Mid: 0.4419 | 15 |
16 | 17 Open: 0.4415 Close: 0.4422 Mid: 0.4415 | 18 Open: 0.4422 Close: 0.4436 Mid: 0.4428 | 19 Open: 0.4436 Close: 0.4439 Mid: 0.4441 | 20 Open: 0.4439 Close: 0.4428 Mid: 0.4440 | 21 Open: 0.4428 Close: 0.4428 Mid: 0.4427 | 22 |
23 | 24 Open: 0.4423 Close: 0.4424 Mid: 0.4428 | 25 Open: 0.4425 Close: 0.4422 Mid: 0.4426 | 26 Open: 0.4421 Close: 0.4412 Mid: 0.4411 | 27 Open: 0.4412 Close: 0.4378 Mid: 0.4395 | 28 Open: 0.4378 Close: 0.4384 Mid: 0.4379 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4389 Close: 0.4368 Mid: 0.4377 | 2 Open: 0.4368 Close: 0.4378 Mid: 0.4363 | 3 Open: 0.4378 Close: 0.4397 Mid: 0.4386 | 4 Open: 0.4397 Close: 0.4386 Mid: 0.4390 | 5 Open: 0.4386 Close: 0.4382 Mid: 0.4382 | 6 | |
7 | 8 Open: 0.4378 Close: 0.4346 Mid: 0.4362 | 9 Open: 0.4345 Close: 0.4360 Mid: 0.4350 | 10 Open: 0.4359 Close: 0.4353 Mid: 0.4355 | 11 Open: 0.4353 Close: 0.4360 Mid: 0.4363 | 12 Open: 0.4360 Close: 0.4329 Mid: 0.4345 | 13 |
14 | 15 Open: 0.4338 Close: 0.4300 Mid: 0.4318 | 16 Open: 0.4300 Close: 0.4303 Mid: 0.4296 | 17 Open: 0.4303 Close: 0.4312 Mid: 0.4308 | 18 Open: 0.4312 Close: 0.4304 Mid: 0.4308 | 19 Open: 0.4304 Close: 0.4278 Mid: 0.4298 | 20 |
21 | 22 Open: 0.4283 Close: 0.4254 Mid: 0.4274 | 23 Open: 0.4254 Close: 0.4258 Mid: 0.4257 | 24 Open: 0.4258 Close: 0.4253 Mid: 0.4249 | 25 Open: 0.4253 Close: 0.4235 Mid: 0.4237 | 26 Open: 0.4234 Close: 0.4227 Mid: 0.4237 | 27 |
28 | 29 Open: 0.4231 Close: 0.4242 Mid: 0.4239 | 30 Open: 0.4242 Close: 0.4275 Mid: 0.4256 | 31 Open: 0.4275 Close: 0.4293 Mid: 0.4283 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4293 Close: 0.4315 Mid: 0.4305 | 2 Open: 0.4313 Close: 0.4312 Mid: 0.4309 | 3 | ||||
4 | 5 Open: 0.4315 Close: 0.4291 Mid: 0.4309 | 6 Open: 0.4292 Close: 0.4333 Mid: 0.4316 | 7 Open: 0.4333 Close: 0.4347 Mid: 0.4351 | 8 Open: 0.4347 Close: 0.4327 Mid: 0.4339 | 9 Open: 0.4328 Close: 0.4332 Mid: 0.4336 | 10 |
11 | 12 Open: 0.4328 Close: 0.4330 Mid: 0.4329 | 13 Open: 0.4330 Close: 0.4325 Mid: 0.4328 | 14 Open: 0.4325 Close: 0.4316 Mid: 0.4331 | 15 Open: 0.4317 Close: 0.4296 Mid: 0.4306 | 16 Open: 0.4296 Close: 0.4319 Mid: 0.4304 | 17 |
18 | 19 Open: 0.4336 Close: 0.4361 Mid: 0.4338 | 20 Open: 0.4360 Close: 0.4389 Mid: 0.4373 | 21 Open: 0.4389 Close: 0.4383 Mid: 0.4377 | 22 Open: 0.4383 Close: 0.4372 Mid: 0.4376 | 23 Open: 0.4372 Close: 0.4367 Mid: 0.4363 | 24 |
25 | 26 Open: 0.4353 Close: 0.4365 Mid: 0.4366 | 27 Open: 0.4365 Close: 0.4383 Mid: 0.4372 | 28 Open: 0.4383 Close: 0.4394 Mid: 0.4389 | 29 Open: 0.4393 Close: 0.4394 Mid: 0.4391 | 30 Open: 0.4394 Close: 0.4382 Mid: 0.4390 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4386 Close: 0.4382 Mid: 0.4387 | 3 Open: 0.4382 Close: 0.4365 Mid: 0.4377 | 4 Open: 0.4365 Close: 0.4367 Mid: 0.4362 | 5 Open: 0.4367 Close: 0.4367 Mid: 0.4367 | 6 Open: 0.4367 Close: 0.4358 Mid: 0.4371 | 7 |
8 | 9 Open: 0.4358 Close: 0.4343 Mid: 0.4350 | 10 Open: 0.4343 Close: 0.4344 Mid: 0.4346 | 11 Open: 0.4344 Close: 0.4341 Mid: 0.4344 | 12 Open: 0.4342 Close: 0.4364 Mid: 0.4354 | 13 Open: 0.4364 Close: 0.4393 Mid: 0.4379 | 14 |
15 | 16 Open: 0.4382 Close: 0.4391 Mid: 0.4391 | 17 Open: 0.4391 Close: 0.4395 Mid: 0.4392 | 18 Open: 0.4394 Close: 0.4383 Mid: 0.4389 | 19 Open: 0.4383 Close: 0.4388 Mid: 0.4393 | 20 Open: 0.4388 Close: 0.4376 Mid: 0.4378 | 21 |
22 | 23 Open: 0.4378 Close: 0.4383 Mid: 0.4380 | 24 Open: 0.4384 Close: 0.4411 Mid: 0.4399 | 25 Open: 0.4410 Close: 0.4389 Mid: 0.4398 | 26 Open: 0.4389 Close: 0.4400 Mid: 0.4398 | 27 Open: 0.4400 Close: 0.4422 Mid: 0.4410 | 28 |
29 | 30 Open: 0.4412 Close: 0.4396 Mid: 0.4404 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4396 Close: 0.4380 Mid: 0.4390 | 2 Open: 0.4380 Close: 0.4388 Mid: 0.4383 | 3 Open: 0.4388 Close: 0.4377 Mid: 0.4383 | 4 Open: 0.4377 Close: 0.4370 Mid: 0.4373 | 5 | ||
6 | 7 Open: 0.4387 Close: 0.4377 Mid: 0.4375 | 8 Open: 0.4377 Close: 0.4387 Mid: 0.4378 | 9 Open: 0.4387 Close: 0.4373 Mid: 0.4381 | 10 Open: 0.4373 Close: 0.4380 Mid: 0.4380 | 11 Open: 0.4380 Close: 0.4385 Mid: 0.4379 | 12 |
13 | 14 Open: 0.4380 Close: 0.4372 Mid: 0.4377 | 15 Open: 0.4372 Close: 0.4385 Mid: 0.4386 | 16 Open: 0.4387 Close: 0.4362 Mid: 0.4381 | 17 Open: 0.4362 Close: 0.4354 Mid: 0.4359 | 18 Open: 0.4355 Close: 0.4350 Mid: 0.4357 | 19 |
20 | 21 Open: 0.4351 Close: 0.4352 Mid: 0.4350 | 22 Open: 0.4354 Close: 0.4360 Mid: 0.4361 | 23 Open: 0.4360 Close: 0.4367 Mid: 0.4358 | 24 Open: 0.4366 Close: 0.4356 Mid: 0.4357 | 25 Open: 0.4355 Close: 0.4334 Mid: 0.4342 | 26 |
27 | 28 Open: 0.4342 Close: 0.4320 Mid: 0.4333 | 29 Open: 0.4320 Close: 0.4324 Mid: 0.4319 | 30 Open: 0.4324 Close: 0.4304 Mid: 0.4308 | 31 Open: 0.4303 Close: 0.4296 Mid: 0.4291 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4296 Close: 0.4278 Mid: 0.4286 | 2 | |||||
3 | 4 Open: 0.4278 Close: 0.4263 Mid: 0.4277 | 5 Open: 0.4263 Close: 0.4251 Mid: 0.4264 | 6 Open: 0.4251 Close: 0.4273 Mid: 0.4257 | 7 Open: 0.4273 Close: 0.4311 Mid: 0.4288 | 8 Open: 0.4311 Close: 0.4286 Mid: 0.4294 | 9 |
10 | 11 Open: 0.4283 Close: 0.4310 Mid: 0.4293 | 12 Open: 0.4309 Close: 0.4312 Mid: 0.4307 | 13 Open: 0.4311 Close: 0.4282 Mid: 0.4292 | 14 Open: 0.4282 Close: 0.4292 Mid: 0.4291 | 15 Open: 0.4292 Close: 0.4305 Mid: 0.4300 | 16 |
17 | 18 Open: 0.4300 Close: 0.4305 Mid: 0.4298 | 19 Open: 0.4305 Close: 0.4298 Mid: 0.4297 | 20 Open: 0.4298 Close: 0.4287 Mid: 0.4290 | 21 Open: 0.4286 Close: 0.4289 Mid: 0.4291 | 22 Open: 0.4290 Close: 0.4330 Mid: 0.4303 | 23 |
24 | 25 Open: 0.4326 Close: 0.4314 Mid: 0.4326 | 26 Open: 0.4314 Close: 0.4315 Mid: 0.4312 | 27 Open: 0.4315 Close: 0.4315 Mid: 0.4317 | 28 Open: 0.4315 Close: 0.4316 Mid: 0.4316 | 29 Open: 0.4316 Close: 0.4312 Mid: 0.4318 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4319 Close: 0.4314 Mid: 0.4317 | 3 Open: 0.4314 Close: 0.4296 Mid: 0.4303 | 4 Open: 0.4296 Close: 0.4327 Mid: 0.4313 | 5 Open: 0.4328 Close: 0.4335 Mid: 0.4331 | 6 Open: 0.4335 Close: 0.4301 Mid: 0.4318 | 7 |
8 | 9 Open: 0.4305 Close: 0.4319 Mid: 0.4307 | 10 Open: 0.4319 Close: 0.4300 Mid: 0.4308 | 11 Open: 0.4300 Close: 0.4312 Mid: 0.4309 | 12 Open: 0.4312 Close: 0.4309 Mid: 0.4318 | 13 Open: 0.4309 Close: 0.4319 Mid: 0.4315 | 14 |
15 | 16 Open: 0.4314 Close: 0.4350 Mid: 0.4331 | 17 Open: 0.4350 Close: 0.4321 Mid: 0.4335 | 18 Open: 0.4321 Close: 0.4308 Mid: 0.4319 | 19 Open: 0.4308 Close: 0.4362 Mid: 0.4343 | 20 Open: 0.4361 Close: 0.4330 Mid: 0.4341 | 21 |
22 | 23 Open: 0.4336 Close: 0.4329 Mid: 0.4332 | 24 Open: 0.4329 Close: 0.4314 Mid: 0.4320 | 25 Open: 0.4329 Close: 0.4314 Mid: 0.4320 | 26 Open: 0.4329 Close: 0.4314 Mid: 0.4320 | 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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