Best Swedish Krona / Saudi Riyal Exchange Rate Today: 0.3389
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.3379, and the most competitive travel money / cash rates start at approximately 0.3358.
Live rate: 1 SEK = 0.3389 SAR (+0.1774% )
Inverted: 1 SAR = 2.9507 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 | 0.3389 | 0 | 0.3355 | |||
 | 0.3379 (indicative) | 0 | 0.3379 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.3365 (indicative) | 0 | 0.3365 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.3389 | 2.66% | 0.3299 | 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. | |
 | 0.3358 | 0 | 0.3358 | 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  | 0.3294 (upper range) | Variable | 0.3294 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.3270 (lower range) | Variable | 0.3270 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.3236 | 0 | 0.3236 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3755 Close: 0.3720 Mid: 0.3737 | 2 Open: 0.3720 Close: 0.3670 Mid: 0.3703 | 3 Open: 0.3670 Close: 0.3642 Mid: 0.3659 | 4 Open: 0.3643 Close: 0.3671 Mid: 0.3658 | 5 Open: 0.3671 Close: 0.3656 Mid: 0.3661 | 6 | |
7 | 8 Open: 0.3646 Close: 0.3663 Mid: 0.3657 | 9 Open: 0.3665 Close: 0.3655 Mid: 0.3659 | 10 Open: 0.3658 Close: 0.3666 Mid: 0.3662 | 11 Open: 0.3666 Close: 0.3650 Mid: 0.3662 | 12 Open: 0.3650 Close: 0.3648 Mid: 0.3650 | 13 |
14 | 15 Open: 0.3648 Close: 0.3631 Mid: 0.3643 | 16 Open: 0.3631 Close: 0.3593 Mid: 0.3613 | 17 Open: 0.3594 Close: 0.3587 Mid: 0.3587 | 18 Open: 0.3589 Close: 0.3570 Mid: 0.3580 | 19 Open: 0.3571 Close: 0.3580 Mid: 0.3581 | 20 |
21 | 22 Open: 0.3583 Close: 0.3585 Mid: 0.3587 | 23 Open: 0.3586 Close: 0.3574 Mid: 0.3587 | 24 Open: 0.3574 Close: 0.3594 Mid: 0.3590 | 25 Open: 0.3595 Close: 0.3589 Mid: 0.3594 | 26 Open: 0.3589 Close: 0.3590 Mid: 0.3593 | 27 |
28 | 29 Open: 0.3591 Close: 0.3587 Mid: 0.3582 | 30 Open: 0.3587 Close: 0.3597 Mid: 0.3596 | 31 Open: 0.3598 Close: 0.3609 Mid: 0.3613 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3609 Close: 0.3603 Mid: 0.3596 | 2 Open: 0.3604 Close: 0.3576 Mid: 0.3597 | 3 | ||||
4 | 5 Open: 0.3579 Close: 0.3538 Mid: 0.3556 | 6 Open: 0.3538 Close: 0.3566 Mid: 0.3546 | 7 Open: 0.3567 Close: 0.3580 Mid: 0.3576 | 8 Open: 0.3580 Close: 0.3579 Mid: 0.3578 | 9 Open: 0.3578 Close: 0.3587 Mid: 0.3582 | 10 |
11 | 12 Open: 0.3583 Close: 0.3605 Mid: 0.3593 | 13 Open: 0.3605 Close: 0.3544 Mid: 0.3580 | 14 Open: 0.3544 Close: 0.3562 Mid: 0.3554 | 15 Open: 0.3562 Close: 0.3582 Mid: 0.3576 | 16 Open: 0.3582 Close: 0.3591 Mid: 0.3585 | 17 |
18 | 19 Open: 0.3587 Close: 0.3607 Mid: 0.3599 | 20 Open: 0.3607 Close: 0.3620 Mid: 0.3611 | 21 Open: 0.3620 Close: 0.3616 Mid: 0.3618 | 22 Open: 0.3616 Close: 0.3630 Mid: 0.3634 | 23 Open: 0.3633 Close: 0.3635 Mid: 0.3635 | 24 |
25 | 26 Open: 0.3631 Close: 0.3646 Mid: 0.3640 | 27 Open: 0.3646 Close: 0.3637 Mid: 0.3644 | 28 Open: 0.3637 Close: 0.3627 Mid: 0.3630 | 29 Open: 0.3628 Close: 0.3616 Mid: 0.3625 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3617 Close: 0.3632 Mid: 0.3627 | 2 | |||||
3 | 4 Open: 0.3634 Close: 0.3614 Mid: 0.3625 | 5 Open: 0.3614 Close: 0.3614 Mid: 0.3612 | 6 Open: 0.3615 Close: 0.3644 Mid: 0.3628 | 7 Open: 0.3643 Close: 0.3663 Mid: 0.3653 | 8 Open: 0.3663 Close: 0.3669 Mid: 0.3670 | 9 |
10 | 11 Open: 0.3674 Close: 0.3663 Mid: 0.3666 | 12 Open: 0.3663 Close: 0.3661 Mid: 0.3669 | 13 Open: 0.3661 Close: 0.3667 Mid: 0.3663 | 14 Open: 0.3667 Close: 0.3629 Mid: 0.3651 | 15 Open: 0.3629 Close: 0.3621 Mid: 0.3624 | 16 |
17 | 18 Open: 0.3620 Close: 0.3594 Mid: 0.3606 | 19 Open: 0.3594 Close: 0.3592 Mid: 0.3585 | 20 Open: 0.3594 Close: 0.3604 Mid: 0.3590 | 21 Open: 0.3605 Close: 0.3591 Mid: 0.3600 | 22 Open: 0.3590 Close: 0.3548 Mid: 0.3570 | 23 |
24 | 25 Open: 0.3548 Close: 0.3546 Mid: 0.3547 | 26 Open: 0.3546 Close: 0.3543 Mid: 0.3550 | 27 Open: 0.3543 Close: 0.3531 Mid: 0.3536 | 28 Open: 0.3532 Close: 0.3506 Mid: 0.3517 | 29 Open: 0.3506 Close: 0.3514 Mid: 0.3506 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3510 Close: 0.3488 Mid: 0.3498 | 2 Open: 0.3489 Close: 0.3492 Mid: 0.3496 | 3 Open: 0.3492 Close: 0.3517 Mid: 0.3506 | 4 Open: 0.3517 Close: 0.3528 Mid: 0.3533 | 5 Open: 0.3528 Close: 0.3522 Mid: 0.3525 | 6 | |
7 | 8 Open: 0.3526 Close: 0.3549 Mid: 0.3540 | 9 Open: 0.3549 Close: 0.3554 Mid: 0.3555 | 10 Open: 0.3554 Close: 0.3502 Mid: 0.3525 | 11 Open: 0.3502 Close: 0.3495 Mid: 0.3495 | 12 Open: 0.3495 Close: 0.3447 Mid: 0.3469 | 13 |
14 | 15 Open: 0.3448 Close: 0.3448 Mid: 0.3454 | 16 Open: 0.3448 Close: 0.3424 Mid: 0.3435 | 17 Open: 0.3424 Close: 0.3426 Mid: 0.3420 | 18 Open: 0.3426 Close: 0.3423 Mid: 0.3435 | 19 Open: 0.3423 Close: 0.3441 Mid: 0.3429 | 20 |
21 | 22 Open: 0.3436 Close: 0.3441 Mid: 0.3438 | 23 Open: 0.3442 Close: 0.3464 Mid: 0.3453 | 24 Open: 0.3464 Close: 0.3442 Mid: 0.3456 | 25 Open: 0.3442 Close: 0.3443 Mid: 0.3439 | 26 Open: 0.3442 Close: 0.3427 Mid: 0.3442 | 27 |
28 | 29 Open: 0.3460 Close: 0.3431 Mid: 0.3444 | 30 Open: 0.3431 Close: 0.3407 Mid: 0.3421 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3407 Close: 0.3419 Mid: 0.3415 | 2 Open: 0.3419 Close: 0.3448 Mid: 0.3433 | 3 Open: 0.3448 Close: 0.3469 Mid: 0.3465 | 4 | |||
5 | 6 Open: 0.3472 Close: 0.3470 Mid: 0.3467 | 7 Open: 0.3470 Close: 0.3456 Mid: 0.3462 | 8 Open: 0.3455 Close: 0.3437 Mid: 0.3445 | 9 Open: 0.3437 Close: 0.3451 Mid: 0.3439 | 10 Open: 0.3452 Close: 0.3460 Mid: 0.3454 | 11 |
12 | 13 Open: 0.3461 Close: 0.3458 Mid: 0.3460 | 14 Open: 0.3458 Close: 0.3467 Mid: 0.3460 | 15 Open: 0.3467 Close: 0.3510 Mid: 0.3490 | 16 Open: 0.3511 Close: 0.3499 Mid: 0.3510 | 17 Open: 0.3499 Close: 0.3497 Mid: 0.3496 | 18 |
19 | 20 Open: 0.3500 Close: 0.3508 Mid: 0.3507 | 21 Open: 0.3508 Close: 0.3507 Mid: 0.3512 | 22 Open: 0.3507 Close: 0.3495 Mid: 0.3501 | 23 Open: 0.3494 Close: 0.3495 Mid: 0.3502 | 24 Open: 0.3495 Close: 0.3515 Mid: 0.3506 | 25 |
26 | 27 Open: 0.3514 Close: 0.3532 Mid: 0.3524 | 28 Open: 0.3532 Close: 0.3549 Mid: 0.3548 | 29 Open: 0.3549 Close: 0.3518 Mid: 0.3533 | 30 Open: 0.3518 Close: 0.3541 Mid: 0.3525 | 31 Open: 0.3541 Close: 0.3559 Mid: 0.3553 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.3562 Close: 0.3596 Mid: 0.3579 | 4 Open: 0.3596 Close: 0.3594 Mid: 0.3591 | 5 Open: 0.3594 Close: 0.3606 Mid: 0.3602 | 6 Open: 0.3606 Close: 0.3607 Mid: 0.3609 | 7 Open: 0.3607 Close: 0.3561 Mid: 0.3591 | 8 |
9 | 10 Open: 0.3557 Close: 0.3578 Mid: 0.3559 | 11 Open: 0.3578 Close: 0.3575 Mid: 0.3576 | 12 Open: 0.3575 Close: 0.3620 Mid: 0.3608 | 13 Open: 0.3620 Close: 0.3582 Mid: 0.3604 | 14 Open: 0.3582 Close: 0.3566 Mid: 0.3569 | 15 |
16 | 17 Open: 0.3562 Close: 0.3577 Mid: 0.3566 | 18 Open: 0.3577 Close: 0.3592 Mid: 0.3581 | 19 Open: 0.3592 Close: 0.3595 Mid: 0.3595 | 20 Open: 0.3595 Close: 0.3577 Mid: 0.3591 | 21 Open: 0.3576 Close: 0.3569 Mid: 0.3570 | 22 |
23 | 24 Open: 0.3564 Close: 0.3580 Mid: 0.3576 | 25 Open: 0.3580 Close: 0.3571 Mid: 0.3578 | 26 Open: 0.3571 Close: 0.3550 Mid: 0.3554 | 27 Open: 0.3550 Close: 0.3533 Mid: 0.3542 | 28 Open: 0.3533 Close: 0.3539 Mid: 0.3534 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3543 Close: 0.3536 Mid: 0.3540 | 2 Open: 0.3535 Close: 0.3543 Mid: 0.3529 | 3 Open: 0.3543 Close: 0.3575 Mid: 0.3560 | 4 Open: 0.3575 Close: 0.3573 Mid: 0.3572 | 5 Open: 0.3573 Close: 0.3578 Mid: 0.3574 | 6 | |
7 | 8 Open: 0.3569 Close: 0.3548 Mid: 0.3562 | 9 Open: 0.3545 Close: 0.3556 Mid: 0.3550 | 10 Open: 0.3556 Close: 0.3553 Mid: 0.3554 | 11 Open: 0.3553 Close: 0.3574 Mid: 0.3569 | 12 Open: 0.3574 Close: 0.3560 Mid: 0.3566 | 13 |
14 | 15 Open: 0.3566 Close: 0.3539 Mid: 0.3552 | 16 Open: 0.3539 Close: 0.3538 Mid: 0.3535 | 17 Open: 0.3538 Close: 0.3558 Mid: 0.3549 | 18 Open: 0.3558 Close: 0.3542 Mid: 0.3552 | 19 Open: 0.3542 Close: 0.3514 Mid: 0.3533 | 20 |
21 | 22 Open: 0.3518 Close: 0.3495 Mid: 0.3511 | 23 Open: 0.3495 Close: 0.3485 Mid: 0.3490 | 24 Open: 0.3485 Close: 0.3482 Mid: 0.3478 | 25 Open: 0.3482 Close: 0.3468 Mid: 0.3469 | 26 Open: 0.3467 Close: 0.3466 Mid: 0.3472 | 27 |
28 | 29 Open: 0.3470 Close: 0.3462 Mid: 0.3468 | 30 Open: 0.3462 Close: 0.3484 Mid: 0.3472 | 31 Open: 0.3484 Close: 0.3506 Mid: 0.3497 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3506 Close: 0.3502 Mid: 0.3509 | 2 Open: 0.3502 Close: 0.3548 Mid: 0.3518 | 3 | ||||
4 | 5 Open: 0.3554 Close: 0.3552 Mid: 0.3557 | 6 Open: 0.3552 Close: 0.3568 Mid: 0.3563 | 7 Open: 0.3567 Close: 0.3586 Mid: 0.3584 | 8 Open: 0.3585 Close: 0.3564 Mid: 0.3577 | 9 Open: 0.3565 Close: 0.3567 Mid: 0.3569 | 10 |
11 | 12 Open: 0.3561 Close: 0.3567 Mid: 0.3565 | 13 Open: 0.3567 Close: 0.3580 Mid: 0.3572 | 14 Open: 0.3581 Close: 0.3588 Mid: 0.3596 | 15 Open: 0.3588 Close: 0.3558 Mid: 0.3574 | 16 Open: 0.3559 Close: 0.3588 Mid: 0.3568 | 17 |
18 | 19 Open: 0.3605 Close: 0.3636 Mid: 0.3610 | 20 Open: 0.3636 Close: 0.3676 Mid: 0.3654 | 21 Open: 0.3676 Close: 0.3681 Mid: 0.3673 | 22 Open: 0.3682 Close: 0.3662 Mid: 0.3674 | 23 Open: 0.3662 Close: 0.3682 Mid: 0.3665 | 24 |
25 | 26 Open: 0.3672 Close: 0.3674 Mid: 0.3678 | 27 Open: 0.3674 Close: 0.3692 Mid: 0.3681 | 28 Open: 0.3692 Close: 0.3682 Mid: 0.3686 | 29 Open: 0.3681 Close: 0.3671 Mid: 0.3675 | 30 Open: 0.3671 Close: 0.3654 Mid: 0.3663 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3655 Close: 0.3658 Mid: 0.3660 | 3 Open: 0.3658 Close: 0.3639 Mid: 0.3650 | 4 Open: 0.3639 Close: 0.3650 Mid: 0.3641 | 5 Open: 0.3651 Close: 0.3659 Mid: 0.3656 | 6 Open: 0.3659 Close: 0.3645 Mid: 0.3663 | 7 |
8 | 9 Open: 0.3649 Close: 0.3619 Mid: 0.3632 | 10 Open: 0.3619 Close: 0.3615 Mid: 0.3619 | 11 Open: 0.3615 Close: 0.3613 Mid: 0.3617 | 12 Open: 0.3613 Close: 0.3639 Mid: 0.3625 | 13 Open: 0.3639 Close: 0.3671 Mid: 0.3658 | 14 |
15 | 16 Open: 0.3662 Close: 0.3686 Mid: 0.3677 | 17 Open: 0.3686 Close: 0.3689 Mid: 0.3687 | 18 Open: 0.3688 Close: 0.3679 Mid: 0.3688 | 19 Open: 0.3679 Close: 0.3692 Mid: 0.3692 | 20 Open: 0.3692 Close: 0.3685 Mid: 0.3685 | 21 |
22 | 23 Open: 0.3687 Close: 0.3678 Mid: 0.3680 | 24 Open: 0.3678 Close: 0.3709 Mid: 0.3693 | 25 Open: 0.3710 Close: 0.3693 Mid: 0.3706 | 26 Open: 0.3692 Close: 0.3703 Mid: 0.3698 | 27 Open: 0.3704 Close: 0.3721 Mid: 0.3711 | 28 |
29 | 30 Open: 0.3717 Close: 0.3695 Mid: 0.3712 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3695 Close: 0.3653 Mid: 0.3673 | 2 Open: 0.3653 Close: 0.3657 Mid: 0.3656 | 3 Open: 0.3657 Close: 0.3642 Mid: 0.3653 | 4 Open: 0.3642 Close: 0.3622 Mid: 0.3638 | 5 | ||
6 | 7 Open: 0.3633 Close: 0.3626 Mid: 0.3623 | 8 Open: 0.3626 Close: 0.3631 Mid: 0.3629 | 9 Open: 0.3631 Close: 0.3612 Mid: 0.3624 | 10 Open: 0.3612 Close: 0.3612 Mid: 0.3614 | 11 Open: 0.3613 Close: 0.3622 Mid: 0.3616 | 12 |
13 | 14 Open: 0.3616 Close: 0.3600 Mid: 0.3610 | 15 Open: 0.3601 Close: 0.3603 Mid: 0.3610 | 16 Open: 0.3603 Close: 0.3579 Mid: 0.3600 | 17 Open: 0.3578 Close: 0.3562 Mid: 0.3570 | 18 Open: 0.3562 Close: 0.3568 Mid: 0.3564 | 19 |
20 | 21 Open: 0.3568 Close: 0.3559 Mid: 0.3563 | 22 Open: 0.3556 Close: 0.3559 Mid: 0.3563 | 23 Open: 0.3559 Close: 0.3551 Mid: 0.3549 | 24 Open: 0.3551 Close: 0.3556 Mid: 0.3552 | 25 Open: 0.3556 Close: 0.3539 Mid: 0.3549 | 26 |
27 | 28 Open: 0.3540 Close: 0.3528 Mid: 0.3538 | 29 Open: 0.3528 Close: 0.3525 Mid: 0.3523 | 30 Open: 0.3526 Close: 0.3522 Mid: 0.3519 | 31 Open: 0.3522 Close: 0.3525 Mid: 0.3518 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.3526 Close: 0.3500 Mid: 0.3514 | 2 | |||||
3 | 4 Open: 0.3505 Close: 0.3502 Mid: 0.3511 | 5 Open: 0.3502 Close: 0.3504 Mid: 0.3507 | 6 Open: 0.3504 Close: 0.3464 Mid: 0.3475 | 7 Open: 0.3463 Close: 0.3513 Mid: 0.3486 | 8 Open: 0.3513 Close: 0.3470 Mid: 0.3489 | 9 |
10 | 11 Open: 0.3466 Close: 0.3464 Mid: 0.3462 | 12 Open: 0.3464 Close: 0.3450 Mid: 0.3455 | 13 Open: 0.3450 Close: 0.3421 Mid: 0.3436 | 14 Open: 0.3421 Close: 0.3420 Mid: 0.3417 | 15 Open: 0.3420 Close: 0.3421 Mid: 0.3422 | 16 |
17 | 18 Open: 0.3415 Close: 0.3439 Mid: 0.3424 | 19 Open: 0.3439 Close: 0.3435 Mid: 0.3430 | 20 Open: 0.3435 Close: 0.3403 Mid: 0.3420 | 21 Open: 0.3403 Close: 0.3396 Mid: 0.3404 | 22 Open: 0.3395 Close: 0.3400 Mid: 0.3393 | 23 |
24 | 25 Open: 0.3406 Close: 0.3418 Mid: 0.3417 | 26 Open: 0.3418 Close: 0.3414 Mid: 0.3414 | 27 Open: 0.3415 Close: 0.3441 Mid: 0.3430 | 28 Open: 0.3441 Close: 0.3438 Mid: 0.3436 | 29 Open: 0.3438 Close: 0.3441 Mid: 0.3443 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.3446 Close: 0.3417 Mid: 0.3427 | 3 Open: 0.3417 Close: 0.3412 Mid: 0.3414 | 4 Open: 0.3412 Close: 0.3439 Mid: 0.3424 | 5 Open: 0.3439 Close: 0.3458 Mid: 0.3446 | 6 Open: 0.3458 Close: 0.3434 Mid: 0.3451 | 7 |
8 | 9 Open: 0.3437 Close: 0.3446 Mid: 0.3439 | 10 Open: 0.3446 Close: 0.3421 Mid: 0.3431 | 11 Open: 0.3421 Close: 0.3423 Mid: 0.3426 | 12 Open: 0.3423 Close: 0.3415 Mid: 0.3428 | 13 Open: 0.3415 Close: 0.3424 Mid: 0.3420 | 14 |
15 | 16 Open: 0.3420 Close: 0.3451 Mid: 0.3435 | 17 Open: 0.3451 Close: 0.3427 Mid: 0.3439 | 18 Open: 0.3427 Close: 0.3380 Mid: 0.3410 | 19 Open: 0.3380 Close: 0.3413 Mid: 0.3403 | 20 Open: 0.3413 Close: 0.3409 Mid: 0.3408 | 21 |
22 | 23 Open: 0.3414 Close: 0.3398 Mid: 0.3404 | 24 Open: 0.3399 Close: 0.3383 Mid: 0.3390 | 25 Open: 0.3399 Close: 0.3383 Mid: 0.3390 | 26 Open: 0.3399 Close: 0.3383 Mid: 0.3390 | 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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