Best Swedish Krona / Singapore Dollar Exchange Rate Today: 0.1225
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.1221, and the most competitive travel money / cash rates start at approximately 0.1214.
Live rate: 1 SEK = 0.1225 SGD (+0% )
Inverted: 1 SGD = 8.1633 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 | 0.1225 | 0 | 0.1213 | |||
 | 0.1221 (indicative) | 0 | 0.1221 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.1216 (indicative) | 0 | 0.1216 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.1225 | 1.69% | 0.1204 | 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. | |
 | 0.1214 | 0 | 0.1214 | 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  | 0.1191 (upper range) | Variable | 0.1191 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.1182 (lower range) | Variable | 0.1182 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.1170 | 0 | 0.1170 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1308 Close: 0.1308 Mid: 0.1308 | 2 Open: 0.1308 Close: 0.1298 Mid: 0.1307 | 3 Open: 0.1298 Close: 0.1292 Mid: 0.1296 | 4 Open: 0.1292 Close: 0.1301 Mid: 0.1298 | 5 Open: 0.1301 Close: 0.1296 Mid: 0.1299 | 6 | |
7 | 8 Open: 0.1296 Close: 0.1298 Mid: 0.1297 | 9 Open: 0.1298 Close: 0.1297 Mid: 0.1297 | 10 Open: 0.1298 Close: 0.1303 Mid: 0.1301 | 11 Open: 0.1302 Close: 0.1297 Mid: 0.1300 | 12 Open: 0.1297 Close: 0.1296 Mid: 0.1297 | 13 |
14 | 15 Open: 0.1297 Close: 0.1291 Mid: 0.1295 | 16 Open: 0.1291 Close: 0.1286 Mid: 0.1289 | 17 Open: 0.1286 Close: 0.1287 Mid: 0.1285 | 18 Open: 0.1287 Close: 0.1281 Mid: 0.1284 | 19 Open: 0.1282 Close: 0.1281 Mid: 0.1282 | 20 |
21 | 22 Open: 0.1281 Close: 0.1282 Mid: 0.1283 | 23 Open: 0.1283 Close: 0.1279 Mid: 0.1282 | 24 Open: 0.1279 Close: 0.1283 Mid: 0.1284 | 25 Open: 0.1283 Close: 0.1284 Mid: 0.1285 | 26 Open: 0.1283 Close: 0.1283 Mid: 0.1284 | 27 |
28 | 29 Open: 0.1283 Close: 0.1284 Mid: 0.1281 | 30 Open: 0.1283 Close: 0.1286 Mid: 0.1285 | 31 Open: 0.1287 Close: 0.1289 Mid: 0.1290 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1289 Close: 0.1287 Mid: 0.1284 | 2 Open: 0.1287 Close: 0.1279 Mid: 0.1284 | 3 | ||||
4 | 5 Open: 0.1279 Close: 0.1270 Mid: 0.1274 | 6 Open: 0.1270 Close: 0.1279 Mid: 0.1273 | 7 Open: 0.1280 Close: 0.1283 Mid: 0.1282 | 8 Open: 0.1283 Close: 0.1286 Mid: 0.1284 | 9 Open: 0.1286 Close: 0.1287 Mid: 0.1286 | 10 |
11 | 12 Open: 0.1287 Close: 0.1293 Mid: 0.1289 | 13 Open: 0.1293 Close: 0.1276 Mid: 0.1286 | 14 Open: 0.1276 Close: 0.1281 Mid: 0.1279 | 15 Open: 0.1281 Close: 0.1287 Mid: 0.1285 | 16 Open: 0.1287 Close: 0.1289 Mid: 0.1288 | 17 |
18 | 19 Open: 0.1289 Close: 0.1294 Mid: 0.1292 | 20 Open: 0.1294 Close: 0.1297 Mid: 0.1296 | 21 Open: 0.1297 Close: 0.1297 Mid: 0.1297 | 22 Open: 0.1297 Close: 0.1301 Mid: 0.1301 | 23 Open: 0.1302 Close: 0.1301 Mid: 0.1303 | 24 |
25 | 26 Open: 0.1301 Close: 0.1307 Mid: 0.1304 | 27 Open: 0.1307 Close: 0.1304 Mid: 0.1306 | 28 Open: 0.1304 Close: 0.1303 Mid: 0.1301 | 29 Open: 0.1303 Close: 0.1297 Mid: 0.1300 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1297 Close: 0.1302 Mid: 0.1301 | 2 | |||||
3 | 4 Open: 0.1303 Close: 0.1295 Mid: 0.1300 | 5 Open: 0.1295 Close: 0.1294 Mid: 0.1295 | 6 Open: 0.1294 Close: 0.1300 Mid: 0.1297 | 7 Open: 0.1300 Close: 0.1304 Mid: 0.1301 | 8 Open: 0.1304 Close: 0.1303 Mid: 0.1304 | 9 |
10 | 11 Open: 0.1304 Close: 0.1299 Mid: 0.1301 | 12 Open: 0.1299 Close: 0.1301 Mid: 0.1302 | 13 Open: 0.1301 Close: 0.1303 Mid: 0.1303 | 14 Open: 0.1303 Close: 0.1292 Mid: 0.1298 | 15 Open: 0.1292 Close: 0.1291 Mid: 0.1292 | 16 |
17 | 18 Open: 0.1290 Close: 0.1284 Mid: 0.1287 | 19 Open: 0.1284 Close: 0.1286 Mid: 0.1283 | 20 Open: 0.1286 Close: 0.1290 Mid: 0.1286 | 21 Open: 0.1290 Close: 0.1284 Mid: 0.1286 | 22 Open: 0.1284 Close: 0.1277 Mid: 0.1281 | 23 |
24 | 25 Open: 0.1277 Close: 0.1273 Mid: 0.1274 | 26 Open: 0.1273 Close: 0.1271 Mid: 0.1273 | 27 Open: 0.1271 Close: 0.1270 Mid: 0.1270 | 28 Open: 0.1270 Close: 0.1262 Mid: 0.1266 | 29 Open: 0.1262 Close: 0.1265 Mid: 0.1261 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1264 Close: 0.1252 Mid: 0.1258 | 2 Open: 0.1252 Close: 0.1259 Mid: 0.1258 | 3 Open: 0.1259 Close: 0.1267 Mid: 0.1263 | 4 Open: 0.1267 Close: 0.1267 Mid: 0.1271 | 5 Open: 0.1267 Close: 0.1268 Mid: 0.1267 | 6 | |
7 | 8 Open: 0.1268 Close: 0.1276 Mid: 0.1273 | 9 Open: 0.1276 Close: 0.1274 Mid: 0.1276 | 10 Open: 0.1274 Close: 0.1263 Mid: 0.1268 | 11 Open: 0.1263 Close: 0.1261 Mid: 0.1261 | 12 Open: 0.1262 Close: 0.1251 Mid: 0.1255 | 13 |
14 | 15 Open: 0.1250 Close: 0.1252 Mid: 0.1252 | 16 Open: 0.1252 Close: 0.1245 Mid: 0.1249 | 17 Open: 0.1245 Close: 0.1243 Mid: 0.1243 | 18 Open: 0.1243 Close: 0.1242 Mid: 0.1246 | 19 Open: 0.1242 Close: 0.1247 Mid: 0.1244 | 20 |
21 | 22 Open: 0.1246 Close: 0.1251 Mid: 0.1248 | 23 Open: 0.1251 Close: 0.1258 Mid: 0.1255 | 24 Open: 0.1259 Close: 0.1252 Mid: 0.1255 | 25 Open: 0.1252 Close: 0.1249 Mid: 0.1249 | 26 Open: 0.1249 Close: 0.1245 Mid: 0.1249 | 27 |
28 | 29 Open: 0.1256 Close: 0.1245 Mid: 0.1250 | 30 Open: 0.1245 Close: 0.1239 Mid: 0.1242 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1239 Close: 0.1245 Mid: 0.1242 | 2 Open: 0.1245 Close: 0.1247 Mid: 0.1246 | 3 Open: 0.1247 Close: 0.1248 Mid: 0.1249 | 4 | |||
5 | 6 Open: 0.1250 Close: 0.1249 Mid: 0.1249 | 7 Open: 0.1249 Close: 0.1247 Mid: 0.1249 | 8 Open: 0.1247 Close: 0.1243 Mid: 0.1244 | 9 Open: 0.1243 Close: 0.1247 Mid: 0.1243 | 10 Open: 0.1247 Close: 0.1250 Mid: 0.1248 | 11 |
12 | 13 Open: 0.1250 Close: 0.1248 Mid: 0.1249 | 14 Open: 0.1248 Close: 0.1251 Mid: 0.1247 | 15 Open: 0.1251 Close: 0.1261 Mid: 0.1256 | 16 Open: 0.1261 Close: 0.1256 Mid: 0.1259 | 17 Open: 0.1256 Close: 0.1255 Mid: 0.1256 | 18 |
19 | 20 Open: 0.1257 Close: 0.1261 Mid: 0.1260 | 21 Open: 0.1261 Close: 0.1260 Mid: 0.1261 | 22 Open: 0.1260 Close: 0.1258 Mid: 0.1259 | 23 Open: 0.1258 Close: 0.1259 Mid: 0.1260 | 24 Open: 0.1259 Close: 0.1265 Mid: 0.1263 | 25 |
26 | 27 Open: 0.1265 Close: 0.1271 Mid: 0.1269 | 28 Open: 0.1271 Close: 0.1275 Mid: 0.1275 | 29 Open: 0.1275 Close: 0.1267 Mid: 0.1271 | 30 Open: 0.1267 Close: 0.1275 Mid: 0.1270 | 31 Open: 0.1275 Close: 0.1283 Mid: 0.1281 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.1283 Close: 0.1293 Mid: 0.1287 | 4 Open: 0.1293 Close: 0.1290 Mid: 0.1290 | 5 Open: 0.1290 Close: 0.1297 Mid: 0.1295 | 6 Open: 0.1297 Close: 0.1295 Mid: 0.1297 | 7 Open: 0.1295 Close: 0.1283 Mid: 0.1290 | 8 |
9 | 10 Open: 0.1282 Close: 0.1291 Mid: 0.1284 | 11 Open: 0.1291 Close: 0.1291 Mid: 0.1290 | 12 Open: 0.1291 Close: 0.1299 Mid: 0.1299 | 13 Open: 0.1299 Close: 0.1290 Mid: 0.1295 | 14 Open: 0.1290 Close: 0.1287 Mid: 0.1286 | 15 |
16 | 17 Open: 0.1285 Close: 0.1290 Mid: 0.1286 | 18 Open: 0.1290 Close: 0.1294 Mid: 0.1291 | 19 Open: 0.1294 Close: 0.1294 Mid: 0.1295 | 20 Open: 0.1294 Close: 0.1290 Mid: 0.1294 | 21 Open: 0.1290 Close: 0.1289 Mid: 0.1288 | 22 |
23 | 24 Open: 0.1287 Close: 0.1291 Mid: 0.1291 | 25 Open: 0.1291 Close: 0.1289 Mid: 0.1291 | 26 Open: 0.1289 Close: 0.1285 Mid: 0.1285 | 27 Open: 0.1285 Close: 0.1278 Mid: 0.1282 | 28 Open: 0.1278 Close: 0.1279 Mid: 0.1277 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1283 Close: 0.1279 Mid: 0.1282 | 2 Open: 0.1279 Close: 0.1282 Mid: 0.1277 | 3 Open: 0.1282 Close: 0.1290 Mid: 0.1287 | 4 Open: 0.1290 Close: 0.1287 Mid: 0.1288 | 5 Open: 0.1288 Close: 0.1287 Mid: 0.1287 | 6 | |
7 | 8 Open: 0.1284 Close: 0.1276 Mid: 0.1281 | 9 Open: 0.1276 Close: 0.1280 Mid: 0.1278 | 10 Open: 0.1280 Close: 0.1279 Mid: 0.1280 | 11 Open: 0.1279 Close: 0.1280 Mid: 0.1283 | 12 Open: 0.1280 Close: 0.1273 Mid: 0.1276 | 13 |
14 | 15 Open: 0.1274 Close: 0.1268 Mid: 0.1271 | 16 Open: 0.1268 Close: 0.1269 Mid: 0.1267 | 17 Open: 0.1269 Close: 0.1271 Mid: 0.1269 | 18 Open: 0.1271 Close: 0.1267 Mid: 0.1271 | 19 Open: 0.1267 Close: 0.1260 Mid: 0.1265 | 20 |
21 | 22 Open: 0.1262 Close: 0.1255 Mid: 0.1259 | 23 Open: 0.1255 Close: 0.1250 Mid: 0.1252 | 24 Open: 0.1250 Close: 0.1246 Mid: 0.1247 | 25 Open: 0.1246 Close: 0.1240 Mid: 0.1242 | 26 Open: 0.1240 Close: 0.1241 Mid: 0.1243 | 27 |
28 | 29 Open: 0.1243 Close: 0.1241 Mid: 0.1241 | 30 Open: 0.1241 Close: 0.1247 Mid: 0.1243 | 31 Open: 0.1247 Close: 0.1249 Mid: 0.1249 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1249 Close: 0.1246 Mid: 0.1249 | 2 Open: 0.1246 Close: 0.1254 Mid: 0.1248 | 3 | ||||
4 | 5 Open: 0.1258 Close: 0.1255 Mid: 0.1255 | 6 Open: 0.1255 Close: 0.1259 Mid: 0.1258 | 7 Open: 0.1259 Close: 0.1265 Mid: 0.1267 | 8 Open: 0.1265 Close: 0.1261 Mid: 0.1263 | 9 Open: 0.1261 Close: 0.1258 Mid: 0.1260 | 10 |
11 | 12 Open: 0.1257 Close: 0.1258 Mid: 0.1259 | 13 Open: 0.1258 Close: 0.1259 Mid: 0.1258 | 14 Open: 0.1259 Close: 0.1258 Mid: 0.1262 | 15 Open: 0.1258 Close: 0.1255 Mid: 0.1257 | 16 Open: 0.1255 Close: 0.1261 Mid: 0.1256 | 17 |
18 | 19 Open: 0.1267 Close: 0.1269 Mid: 0.1263 | 20 Open: 0.1269 Close: 0.1279 Mid: 0.1274 | 21 Open: 0.1279 Close: 0.1282 Mid: 0.1279 | 22 Open: 0.1282 Close: 0.1279 Mid: 0.1280 | 23 Open: 0.1279 Close: 0.1278 Mid: 0.1277 | 24 |
25 | 26 Open: 0.1274 Close: 0.1276 Mid: 0.1278 | 27 Open: 0.1276 Close: 0.1282 Mid: 0.1279 | 28 Open: 0.1282 Close: 0.1279 Mid: 0.1280 | 29 Open: 0.1279 Close: 0.1274 Mid: 0.1276 | 30 Open: 0.1274 Close: 0.1272 Mid: 0.1273 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.1271 Close: 0.1274 Mid: 0.1274 | 3 Open: 0.1274 Close: 0.1268 Mid: 0.1272 | 4 Open: 0.1268 Close: 0.1269 Mid: 0.1268 | 5 Open: 0.1269 Close: 0.1268 Mid: 0.1268 | 6 Open: 0.1268 Close: 0.1264 Mid: 0.1268 | 7 |
8 | 9 Open: 0.1266 Close: 0.1258 Mid: 0.1262 | 10 Open: 0.1258 Close: 0.1257 Mid: 0.1258 | 11 Open: 0.1257 Close: 0.1255 Mid: 0.1255 | 12 Open: 0.1255 Close: 0.1265 Mid: 0.1260 | 13 Open: 0.1265 Close: 0.1269 Mid: 0.1269 | 14 |
15 | 16 Open: 0.1267 Close: 0.1274 Mid: 0.1272 | 17 Open: 0.1274 Close: 0.1273 Mid: 0.1272 | 18 Open: 0.1273 Close: 0.1269 Mid: 0.1271 | 19 Open: 0.1269 Close: 0.1272 Mid: 0.1272 | 20 Open: 0.1272 Close: 0.1269 Mid: 0.1269 | 21 |
22 | 23 Open: 0.1270 Close: 0.1266 Mid: 0.1266 | 24 Open: 0.1266 Close: 0.1271 Mid: 0.1268 | 25 Open: 0.1271 Close: 0.1266 Mid: 0.1270 | 26 Open: 0.1266 Close: 0.1269 Mid: 0.1269 | 27 Open: 0.1269 Close: 0.1269 Mid: 0.1269 | 28 |
29 | 30 Open: 0.1269 Close: 0.1265 Mid: 0.1268 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1265 Close: 0.1255 Mid: 0.1259 | 2 Open: 0.1255 Close: 0.1259 Mid: 0.1256 | 3 Open: 0.1259 Close: 0.1259 Mid: 0.1260 | 4 Open: 0.1259 Close: 0.1258 Mid: 0.1259 | 5 | ||
6 | 7 Open: 0.1260 Close: 0.1259 Mid: 0.1258 | 8 Open: 0.1259 Close: 0.1262 Mid: 0.1259 | 9 Open: 0.1262 Close: 0.1258 Mid: 0.1259 | 10 Open: 0.1258 Close: 0.1257 Mid: 0.1258 | 11 Open: 0.1257 Close: 0.1258 Mid: 0.1257 | 12 |
13 | 14 Open: 0.1258 Close: 0.1255 Mid: 0.1256 | 15 Open: 0.1255 Close: 0.1257 Mid: 0.1259 | 16 Open: 0.1257 Close: 0.1251 Mid: 0.1254 | 17 Open: 0.1251 Close: 0.1247 Mid: 0.1249 | 18 Open: 0.1247 Close: 0.1245 Mid: 0.1247 | 19 |
20 | 21 Open: 0.1247 Close: 0.1246 Mid: 0.1246 | 22 Open: 0.1246 Close: 0.1248 Mid: 0.1248 | 23 Open: 0.1248 Close: 0.1249 Mid: 0.1248 | 24 Open: 0.1249 Close: 0.1248 Mid: 0.1248 | 25 Open: 0.1248 Close: 0.1244 Mid: 0.1248 | 26 |
27 | 28 Open: 0.1244 Close: 0.1242 Mid: 0.1245 | 29 Open: 0.1242 Close: 0.1244 Mid: 0.1242 | 30 Open: 0.1244 Close: 0.1238 Mid: 0.1240 | 31 Open: 0.1238 Close: 0.1240 Mid: 0.1237 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.1239 Close: 0.1234 Mid: 0.1238 | 2 | |||||
3 | 4 Open: 0.1237 Close: 0.1230 Mid: 0.1235 | 5 Open: 0.1230 Close: 0.1228 Mid: 0.1230 | 6 Open: 0.1228 Close: 0.1228 Mid: 0.1227 | 7 Open: 0.1228 Close: 0.1236 Mid: 0.1231 | 8 Open: 0.1236 Close: 0.1225 Mid: 0.1230 | 9 |
10 | 11 Open: 0.1223 Close: 0.1230 Mid: 0.1225 | 12 Open: 0.1230 Close: 0.1228 Mid: 0.1228 | 13 Open: 0.1228 Close: 0.1222 Mid: 0.1224 | 14 Open: 0.1222 Close: 0.1224 Mid: 0.1223 | 15 Open: 0.1224 Close: 0.1223 Mid: 0.1223 | 16 |
17 | 18 Open: 0.1221 Close: 0.1228 Mid: 0.1224 | 19 Open: 0.1228 Close: 0.1225 Mid: 0.1223 | 20 Open: 0.1225 Close: 0.1218 Mid: 0.1222 | 21 Open: 0.1218 Close: 0.1217 Mid: 0.1219 | 22 Open: 0.1217 Close: 0.1220 Mid: 0.1217 | 23 |
24 | 25 Open: 0.1225 Close: 0.1225 Mid: 0.1227 | 26 Open: 0.1225 Close: 0.1226 Mid: 0.1225 | 27 Open: 0.1226 Close: 0.1229 Mid: 0.1228 | 28 Open: 0.1229 Close: 0.1230 Mid: 0.1229 | 29 Open: 0.1230 Close: 0.1229 Mid: 0.1229 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.1230 Close: 0.1223 Mid: 0.1227 | 3 Open: 0.1223 Close: 0.1221 Mid: 0.1223 | 4 Open: 0.1221 Close: 0.1230 Mid: 0.1225 | 5 Open: 0.1230 Close: 0.1233 Mid: 0.1231 | 6 Open: 0.1233 Close: 0.1228 Mid: 0.1231 | 7 |
8 | 9 Open: 0.1229 Close: 0.1228 Mid: 0.1228 | 10 Open: 0.1228 Close: 0.1223 Mid: 0.1225 | 11 Open: 0.1223 Close: 0.1225 Mid: 0.1224 | 12 Open: 0.1225 Close: 0.1222 Mid: 0.1227 | 13 Open: 0.1222 Close: 0.1229 Mid: 0.1226 | 14 |
15 | 16 Open: 0.1227 Close: 0.1240 Mid: 0.1234 | 17 Open: 0.1240 Close: 0.1231 Mid: 0.1235 | 18 Open: 0.1231 Close: 0.1225 Mid: 0.1231 | 19 Open: 0.1225 Close: 0.1234 Mid: 0.1232 | 20 Open: 0.1234 Close: 0.1228 Mid: 0.1232 | 21 |
22 | 23 Open: 0.1230 Close: 0.1229 Mid: 0.1229 | 24 Open: 0.1229 Close: 0.1225 Mid: 0.1227 | 25 Open: 0.1229 Close: 0.1225 Mid: 0.1227 | 26 Open: 0.1225 Close: 0.1227 Mid: 0.1226 | 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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