Best Swedish Krona / South African Rand Exchange Rate Today: 1.6867
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 1.6816, and the most competitive travel money / cash rates start at approximately 1.6715.
Live rate: 1 SEK = 1.6867 ZAR (+0.19% )
Inverted: 1 ZAR = 0.5929 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 | 1.6867 | 0 | 1.6698 | |||
 | 1.6816 (indicative) | 0 | 1.6816 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 1.6749 (indicative) | 0 | 1.6749 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 1.6867 | 8.32% | 1.5464 | 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. | |
 | 1.6715 | 0 | 1.6715 | 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  | 1.6395 (upper range) | Variable | 1.6395 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 1.6277 (lower range) | Variable | 1.6277 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 1.6108 | 0 | 1.6108 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8132 Close: 1.8132 Mid: 1.8132 | 2 Open: 1.8140 Close: 1.8162 Mid: 1.8198 | 3 Open: 1.8163 Close: 1.8202 Mid: 1.8207 | 4 Open: 1.8199 Close: 1.8299 Mid: 1.8239 | 5 Open: 1.8302 Close: 1.8208 Mid: 1.8312 | 6 | |
7 | 8 Open: 1.8207 Close: 1.8177 Mid: 1.8239 | 9 Open: 1.8173 Close: 1.8224 Mid: 1.8177 | 10 Open: 1.8239 Close: 1.8286 Mid: 1.8243 | 11 Open: 1.8285 Close: 1.8172 Mid: 1.8214 | 12 Open: 1.8172 Close: 1.8149 Mid: 1.8147 | 13 |
14 | 15 Open: 1.8144 Close: 1.8083 Mid: 1.8138 | 16 Open: 1.8090 Close: 1.8165 Mid: 1.8136 | 17 Open: 1.8176 Close: 1.8216 Mid: 1.8217 | 18 Open: 1.8233 Close: 1.8064 Mid: 1.8126 | 19 Open: 1.8063 Close: 1.8199 Mid: 1.8132 | 20 |
21 | 22 Open: 1.8168 Close: 1.8339 Mid: 1.8268 | 23 Open: 1.8352 Close: 1.8158 Mid: 1.8259 | 24 Open: 1.8158 Close: 1.8103 Mid: 1.8136 | 25 Open: 1.8094 Close: 1.8072 Mid: 1.8103 | 26 Open: 1.8072 Close: 1.7973 Mid: 1.8032 | 27 |
28 | 29 Open: 1.7944 Close: 1.8026 Mid: 1.7948 | 30 Open: 1.8012 Close: 1.8035 Mid: 1.8059 | 31 Open: 1.8049 Close: 1.7976 Mid: 1.8025 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7978 Close: 1.7910 Mid: 1.7896 | 2 Open: 1.7913 Close: 1.8005 Mid: 1.7969 | 3 | ||||
4 | 5 Open: 1.8023 Close: 1.7986 Mid: 1.7972 | 6 Open: 1.7983 Close: 1.7924 Mid: 1.7931 | 7 Open: 1.7925 Close: 1.8044 Mid: 1.8003 | 8 Open: 1.8044 Close: 1.8106 Mid: 1.8080 | 9 Open: 1.8104 Close: 1.8203 Mid: 1.8148 | 10 |
11 | 12 Open: 1.8177 Close: 1.8191 Mid: 1.8201 | 13 Open: 1.8187 Close: 1.8075 Mid: 1.8116 | 14 Open: 1.8071 Close: 1.8101 Mid: 1.8086 | 15 Open: 1.8100 Close: 1.8120 Mid: 1.8129 | 16 Open: 1.8120 Close: 1.8098 Mid: 1.8086 | 17 |
18 | 19 Open: 1.8075 Close: 1.8233 Mid: 1.8180 | 20 Open: 1.8234 Close: 1.8249 Mid: 1.8289 | 21 Open: 1.8249 Close: 1.8257 Mid: 1.8199 | 22 Open: 1.8260 Close: 1.8574 Mid: 1.8438 | 23 Open: 1.8574 Close: 1.8689 Mid: 1.8662 | 24 |
25 | 26 Open: 1.8708 Close: 1.8759 Mid: 1.8724 | 27 Open: 1.8758 Close: 1.8517 Mid: 1.8645 | 28 Open: 1.8526 Close: 1.8657 Mid: 1.8584 | 29 Open: 1.8652 Close: 1.8492 Mid: 1.8583 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8495 Close: 1.8503 Mid: 1.8536 | 2 | |||||
3 | 4 Open: 1.8517 Close: 1.8355 Mid: 1.8425 | 5 Open: 1.8355 Close: 1.8282 Mid: 1.8301 | 6 Open: 1.8284 Close: 1.8281 Mid: 1.8279 | 7 Open: 1.8281 Close: 1.8269 Mid: 1.8284 | 8 Open: 1.8269 Close: 1.8317 Mid: 1.8317 | 9 |
10 | 11 Open: 1.8386 Close: 1.8239 Mid: 1.8293 | 12 Open: 1.8239 Close: 1.8240 Mid: 1.8230 | 13 Open: 1.8240 Close: 1.8168 Mid: 1.8196 | 14 Open: 1.8168 Close: 1.8120 Mid: 1.8161 | 15 Open: 1.8120 Close: 1.8116 Mid: 1.8075 | 16 |
17 | 18 Open: 1.8070 Close: 1.8156 Mid: 1.8139 | 19 Open: 1.8156 Close: 1.8118 Mid: 1.8127 | 20 Open: 1.8118 Close: 1.8009 Mid: 1.8041 | 21 Open: 1.8009 Close: 1.7985 Mid: 1.8001 | 22 Open: 1.7985 Close: 1.7999 Mid: 1.8009 | 23 |
24 | 25 Open: 1.7972 Close: 1.7856 Mid: 1.7927 | 26 Open: 1.7856 Close: 1.7920 Mid: 1.7901 | 27 Open: 1.7920 Close: 1.7817 Mid: 1.7848 | 28 Open: 1.7817 Close: 1.7699 Mid: 1.7802 | 29 Open: 1.7699 Close: 1.7700 Mid: 1.7679 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7752 Close: 1.7539 Mid: 1.7622 | 2 Open: 1.7539 Close: 1.7486 Mid: 1.7564 | 3 Open: 1.7486 Close: 1.7541 Mid: 1.7542 | 4 Open: 1.7541 Close: 1.7583 Mid: 1.7575 | 5 Open: 1.7582 Close: 1.7578 Mid: 1.7544 | 6 | |
7 | 8 Open: 1.7575 Close: 1.7647 Mid: 1.7579 | 9 Open: 1.7647 Close: 1.7488 Mid: 1.7578 | 10 Open: 1.7488 Close: 1.7514 Mid: 1.7505 | 11 Open: 1.7514 Close: 1.7465 Mid: 1.7490 | 12 Open: 1.7465 Close: 1.7339 Mid: 1.7360 | 13 |
14 | 15 Open: 1.7339 Close: 1.7439 Mid: 1.7410 | 16 Open: 1.7439 Close: 1.7379 Mid: 1.7435 | 17 Open: 1.7379 Close: 1.7386 Mid: 1.7362 | 18 Open: 1.7386 Close: 1.7458 Mid: 1.7457 | 19 Open: 1.7458 Close: 1.7498 Mid: 1.7516 | 20 |
21 | 22 Open: 1.7496 Close: 1.7624 Mid: 1.7524 | 23 Open: 1.7624 Close: 1.7668 Mid: 1.7668 | 24 Open: 1.7667 Close: 1.7665 Mid: 1.7664 | 25 Open: 1.7666 Close: 1.7489 Mid: 1.7513 | 26 Open: 1.7487 Close: 1.7183 Mid: 1.7352 | 27 |
28 | 29 Open: 1.7318 Close: 1.7054 Mid: 1.7216 | 30 Open: 1.7055 Close: 1.7043 Mid: 1.7099 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7042 Close: 1.7024 Mid: 1.7013 | 2 Open: 1.7024 Close: 1.7073 Mid: 1.7049 | 3 Open: 1.7072 Close: 1.7111 Mid: 1.7121 | 4 | |||
5 | 6 Open: 1.7104 Close: 1.7087 Mid: 1.7071 | 7 Open: 1.7087 Close: 1.7043 Mid: 1.7065 | 8 Open: 1.7043 Close: 1.7026 Mid: 1.7050 | 9 Open: 1.7026 Close: 1.7018 Mid: 1.7029 | 10 Open: 1.7018 Close: 1.7010 Mid: 1.7000 | 11 |
12 | 13 Open: 1.7020 Close: 1.6942 Mid: 1.6947 | 14 Open: 1.6942 Close: 1.7015 Mid: 1.6975 | 15 Open: 1.7015 Close: 1.7129 Mid: 1.7082 | 16 Open: 1.7129 Close: 1.6973 Mid: 1.7074 | 17 Open: 1.6973 Close: 1.6951 Mid: 1.6967 | 18 |
19 | 20 Open: 1.6971 Close: 1.7011 Mid: 1.7021 | 21 Open: 1.7011 Close: 1.6899 Mid: 1.6985 | 22 Open: 1.6899 Close: 1.7028 Mid: 1.6955 | 23 Open: 1.7026 Close: 1.7207 Mid: 1.7138 | 24 Open: 1.7207 Close: 1.7263 Mid: 1.7218 | 25 |
26 | 27 Open: 1.7250 Close: 1.7297 Mid: 1.7295 | 28 Open: 1.7297 Close: 1.7284 Mid: 1.7344 | 29 Open: 1.7284 Close: 1.7290 Mid: 1.7260 | 30 Open: 1.7287 Close: 1.7706 Mid: 1.7474 | 31 Open: 1.7706 Close: 1.7853 Mid: 1.7771 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 1.7913 Close: 1.7792 Mid: 1.7837 | 4 Open: 1.7792 Close: 1.7925 Mid: 1.7850 | 5 Open: 1.7925 Close: 1.8226 Mid: 1.8070 | 6 Open: 1.8226 Close: 1.8263 Mid: 1.8228 | 7 Open: 1.8263 Close: 1.7927 Mid: 1.8083 | 8 |
9 | 10 Open: 1.7891 Close: 1.7868 Mid: 1.7854 | 11 Open: 1.7868 Close: 1.7730 Mid: 1.7803 | 12 Open: 1.7729 Close: 1.7722 Mid: 1.7788 | 13 Open: 1.7722 Close: 1.7589 Mid: 1.7683 | 14 Open: 1.7589 Close: 1.7480 Mid: 1.7489 | 15 |
16 | 17 Open: 1.7472 Close: 1.7411 Mid: 1.7392 | 18 Open: 1.7412 Close: 1.7284 Mid: 1.7342 | 19 Open: 1.7284 Close: 1.7211 Mid: 1.7245 | 20 Open: 1.7211 Close: 1.7118 Mid: 1.7270 | 21 Open: 1.7118 Close: 1.7099 Mid: 1.7064 | 22 |
23 | 24 Open: 1.7109 Close: 1.7284 Mid: 1.7258 | 25 Open: 1.7284 Close: 1.7357 Mid: 1.7321 | 26 Open: 1.7358 Close: 1.7181 Mid: 1.7271 | 27 Open: 1.7180 Close: 1.7386 Mid: 1.7296 | 28 Open: 1.7386 Close: 1.7170 Mid: 1.7252 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7042 Close: 1.7317 Mid: 1.7170 | 2 Open: 1.7316 Close: 1.7576 Mid: 1.7417 | 3 Open: 1.7576 Close: 1.7548 Mid: 1.7534 | 4 Open: 1.7548 Close: 1.7391 Mid: 1.7479 | 5 Open: 1.7391 Close: 1.7348 Mid: 1.7374 | 6 | |
7 | 8 Open: 1.7331 Close: 1.7126 Mid: 1.7234 | 9 Open: 1.7120 Close: 1.7206 Mid: 1.7171 | 10 Open: 1.7206 Close: 1.7192 Mid: 1.7160 | 11 Open: 1.7192 Close: 1.7156 Mid: 1.7190 | 12 Open: 1.7156 Close: 1.7052 Mid: 1.7109 | 13 |
14 | 15 Open: 1.7092 Close: 1.7164 Mid: 1.7166 | 16 Open: 1.7164 Close: 1.7038 Mid: 1.7108 | 17 Open: 1.7037 Close: 1.7256 Mid: 1.7159 | 18 Open: 1.7257 Close: 1.7223 Mid: 1.7224 | 19 Open: 1.7224 Close: 1.7118 Mid: 1.7227 | 20 |
21 | 22 Open: 1.7158 Close: 1.7021 Mid: 1.7098 | 23 Open: 1.7021 Close: 1.7088 Mid: 1.7089 | 24 Open: 1.7088 Close: 1.7040 Mid: 1.7007 | 25 Open: 1.7040 Close: 1.6952 Mid: 1.7028 | 26 Open: 1.6952 Close: 1.6900 Mid: 1.6936 | 27 |
28 | 29 Open: 1.6934 Close: 1.7029 Mid: 1.6988 | 30 Open: 1.7029 Close: 1.7019 Mid: 1.7000 | 31 Open: 1.7019 Close: 1.7019 Mid: 1.7008 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7019 Close: 1.7029 Mid: 1.7029 | 2 Open: 1.7029 Close: 1.7277 Mid: 1.7098 | 3 | ||||
4 | 5 Open: 1.7294 Close: 1.7534 Mid: 1.7481 | 6 Open: 1.7534 Close: 1.7560 Mid: 1.7553 | 7 Open: 1.7560 Close: 1.7552 Mid: 1.7543 | 8 Open: 1.7551 Close: 1.7471 Mid: 1.7526 | 9 Open: 1.7471 Close: 1.7422 Mid: 1.7440 | 10 |
11 | 12 Open: 1.7398 Close: 1.7339 Mid: 1.7343 | 13 Open: 1.7339 Close: 1.7300 Mid: 1.7306 | 14 Open: 1.7300 Close: 1.7275 Mid: 1.7337 | 15 Open: 1.7275 Close: 1.7080 Mid: 1.7186 | 16 Open: 1.7080 Close: 1.7112 Mid: 1.7052 | 17 |
18 | 19 Open: 1.7164 Close: 1.7169 Mid: 1.7129 | 20 Open: 1.7169 Close: 1.7459 Mid: 1.7338 | 21 Open: 1.7459 Close: 1.7503 Mid: 1.7473 | 22 Open: 1.7502 Close: 1.7581 Mid: 1.7551 | 23 Open: 1.7581 Close: 1.7407 Mid: 1.7449 | 24 |
25 | 26 Open: 1.7332 Close: 1.7365 Mid: 1.7406 | 27 Open: 1.7365 Close: 1.7450 Mid: 1.7399 | 28 Open: 1.7450 Close: 1.7494 Mid: 1.7476 | 29 Open: 1.7493 Close: 1.7366 Mid: 1.7392 | 30 Open: 1.7366 Close: 1.7350 Mid: 1.7304 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 1.7342 Close: 1.7380 Mid: 1.7415 | 3 Open: 1.7380 Close: 1.7440 Mid: 1.7417 | 4 Open: 1.7441 Close: 1.7385 Mid: 1.7394 | 5 Open: 1.7385 Close: 1.7274 Mid: 1.7328 | 6 Open: 1.7274 Close: 1.7329 Mid: 1.7326 | 7 |
8 | 9 Open: 1.7336 Close: 1.7219 Mid: 1.7302 | 10 Open: 1.7220 Close: 1.7295 Mid: 1.7250 | 11 Open: 1.7295 Close: 1.7233 Mid: 1.7263 | 12 Open: 1.7233 Close: 1.7286 Mid: 1.7307 | 13 Open: 1.7286 Close: 1.7361 Mid: 1.7328 | 14 |
15 | 16 Open: 1.7313 Close: 1.7322 Mid: 1.7352 | 17 Open: 1.7322 Close: 1.7261 Mid: 1.7297 | 18 Open: 1.7261 Close: 1.7186 Mid: 1.7244 | 19 Open: 1.7186 Close: 1.7225 Mid: 1.7227 | 20 Open: 1.7225 Close: 1.7138 Mid: 1.7218 | 21 |
22 | 23 Open: 1.7168 Close: 1.7015 Mid: 1.7067 | 24 Open: 1.7015 Close: 1.7099 Mid: 1.7044 | 25 Open: 1.7099 Close: 1.6961 Mid: 1.7049 | 26 Open: 1.6961 Close: 1.6988 Mid: 1.6964 | 27 Open: 1.6988 Close: 1.6960 Mid: 1.6975 | 28 |
29 | 30 Open: 1.6928 Close: 1.6995 Mid: 1.6969 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6996 Close: 1.6945 Mid: 1.6950 | 2 Open: 1.6944 Close: 1.6916 Mid: 1.6937 | 3 Open: 1.6915 Close: 1.6993 Mid: 1.6899 | 4 Open: 1.6993 Close: 1.6870 Mid: 1.6932 | 5 | ||
6 | 7 Open: 1.6909 Close: 1.6781 Mid: 1.6822 | 8 Open: 1.6780 Close: 1.7017 Mid: 1.6895 | 9 Open: 1.7016 Close: 1.6986 Mid: 1.6990 | 10 Open: 1.6986 Close: 1.6868 Mid: 1.6918 | 11 Open: 1.6868 Close: 1.6776 Mid: 1.6810 | 12 |
13 | 14 Open: 1.6778 Close: 1.6862 Mid: 1.6819 | 15 Open: 1.6862 Close: 1.6938 Mid: 1.6933 | 16 Open: 1.6938 Close: 1.6786 Mid: 1.6887 | 17 Open: 1.6786 Close: 1.6773 Mid: 1.6816 | 18 Open: 1.6774 Close: 1.6728 Mid: 1.6727 | 19 |
20 | 21 Open: 1.6671 Close: 1.6678 Mid: 1.6708 | 22 Open: 1.6678 Close: 1.6628 Mid: 1.6653 | 23 Open: 1.6628 Close: 1.6793 Mid: 1.6714 | 24 Open: 1.6792 Close: 1.6724 Mid: 1.6747 | 25 Open: 1.6724 Close: 1.6637 Mid: 1.6681 | 26 |
27 | 28 Open: 1.6627 Close: 1.6617 Mid: 1.6673 | 29 Open: 1.6617 Close: 1.6604 Mid: 1.6598 | 30 Open: 1.6605 Close: 1.6532 Mid: 1.6528 | 31 Open: 1.6532 Close: 1.6532 Mid: 1.6553 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6531 Close: 1.6435 Mid: 1.6482 | 2 | |||||
3 | 4 Open: 1.6441 Close: 1.6327 Mid: 1.6414 | 5 Open: 1.6327 Close: 1.6261 Mid: 1.6296 | 6 Open: 1.6260 Close: 1.6241 Mid: 1.6307 | 7 Open: 1.6241 Close: 1.6198 Mid: 1.6223 | 8 Open: 1.6198 Close: 1.6255 Mid: 1.6219 | 9 |
10 | 11 Open: 1.6252 Close: 1.6533 Mid: 1.6382 | 12 Open: 1.6533 Close: 1.6614 Mid: 1.6598 | 13 Open: 1.6614 Close: 1.6605 Mid: 1.6551 | 14 Open: 1.6604 Close: 1.6613 Mid: 1.6617 | 15 Open: 1.6613 Close: 1.6565 Mid: 1.6609 | 16 |
17 | 18 Open: 1.6549 Close: 1.6468 Mid: 1.6496 | 19 Open: 1.6468 Close: 1.6534 Mid: 1.6477 | 20 Open: 1.6534 Close: 1.6426 Mid: 1.6490 | 21 Open: 1.6426 Close: 1.6363 Mid: 1.6411 | 22 Open: 1.6364 Close: 1.6414 Mid: 1.6324 | 23 |
24 | 25 Open: 1.6437 Close: 1.6431 Mid: 1.6447 | 26 Open: 1.6431 Close: 1.6544 Mid: 1.6465 | 27 Open: 1.6545 Close: 1.6672 Mid: 1.6613 | 28 Open: 1.6671 Close: 1.6582 Mid: 1.6632 | 29 Open: 1.6582 Close: 1.6572 Mid: 1.6559 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 1.6609 Close: 1.6494 Mid: 1.6567 | 3 Open: 1.6494 Close: 1.6439 Mid: 1.6463 | 4 Open: 1.6439 Close: 1.6631 Mid: 1.6527 | 5 Open: 1.6631 Close: 1.6599 Mid: 1.6586 | 6 Open: 1.6598 Close: 1.6485 Mid: 1.6546 | 7 |
8 | 9 Open: 1.6477 Close: 1.6295 Mid: 1.6368 | 10 Open: 1.6295 Close: 1.6228 Mid: 1.6283 | 11 Open: 1.6228 Close: 1.6129 Mid: 1.6209 | 12 Open: 1.6129 Close: 1.6148 Mid: 1.6148 | 13 Open: 1.6148 Close: 1.6275 Mid: 1.6238 | 14 |
15 | 16 Open: 1.6255 Close: 1.6408 Mid: 1.6338 | 17 Open: 1.6407 Close: 1.6508 Mid: 1.6472 | 18 Open: 1.6508 Close: 1.6471 Mid: 1.6489 | 19 Open: 1.6470 Close: 1.6687 Mid: 1.6591 | 20 Open: 1.6686 Close: 1.6595 Mid: 1.6625 | 21 |
22 | 23 Open: 1.6598 Close: 1.6799 Mid: 1.6697 | 24 Open: 1.6799 Close: 1.6824 Mid: 1.6792 | 25 Open: 1.6799 Close: 1.6824 Mid: 1.6792 | 26 Open: 1.6828 Close: 1.6895 Mid: 1.6879 | 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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