Best Swiss Franc / British Pound Exchange Rate Today: 0.8862
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.8835, and the most competitive travel money / cash rates start at approximately 0.8782.
Live rate: 1 CHF = 0.8862 GBP (+0.05% )
Inverted: 1 GBP = 1.1284 CHF
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 | 0.8862 | 0 | 0.8773 | |||
 | 0.8835 (indicative) | 0 | 0.8835 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.8800 (indicative) | 0 | 0.8800 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.8862 | 0.39% | 0.8827 | 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. | |
 | 0.8782 | 0 | 0.8782 | 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  | 0.8614 (upper range) | Variable | 0.8614 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.8552 (lower range) | Variable | 0.8552 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.8463 | 0 | 0.8463 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9333 Close: 0.9333 Mid: 0.9333 | 2 Open: 0.9334 Close: 0.9319 Mid: 0.9312 | 3 Open: 0.9320 Close: 0.9298 Mid: 0.9292 | 4 Open: 0.9299 Close: 0.9276 Mid: 0.9275 | 5 Open: 0.9273 Close: 0.9245 Mid: 0.9263 | 6 | |
7 | 8 Open: 0.9255 Close: 0.9247 Mid: 0.9255 | 9 Open: 0.9250 Close: 0.9230 Mid: 0.9243 | 10 Open: 0.9230 Close: 0.9224 Mid: 0.9229 | 11 Open: 0.9224 Close: 0.9198 Mid: 0.9204 | 12 Open: 0.9198 Close: 0.9198 Mid: 0.9200 | 13 |
14 | 15 Open: 0.9209 Close: 0.9181 Mid: 0.9193 | 16 Open: 0.9181 Close: 0.9186 Mid: 0.9186 | 17 Open: 0.9185 Close: 0.9123 Mid: 0.9150 | 18 Open: 0.9126 Close: 0.9066 Mid: 0.9095 | 19 Open: 0.9066 Close: 0.9068 Mid: 0.9073 | 20 |
21 | 22 Open: 0.9071 Close: 0.9054 Mid: 0.9060 | 23 Open: 0.9054 Close: 0.9056 Mid: 0.9059 | 24 Open: 0.9057 Close: 0.9107 Mid: 0.9080 | 25 Open: 0.9108 Close: 0.9074 Mid: 0.9091 | 26 Open: 0.9076 Close: 0.9110 Mid: 0.9094 | 27 |
28 | 29 Open: 0.9108 Close: 0.9135 Mid: 0.9126 | 30 Open: 0.9135 Close: 0.9137 Mid: 0.9143 | 31 Open: 0.9138 Close: 0.9151 Mid: 0.9151 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9150 Close: 0.9147 Mid: 0.9155 | 2 Open: 0.9148 Close: 0.9131 Mid: 0.9142 | 3 | ||||
4 | 5 Open: 0.9129 Close: 0.9161 Mid: 0.9141 | 6 Open: 0.9162 Close: 0.9126 Mid: 0.9136 | 7 Open: 0.9126 Close: 0.9053 Mid: 0.9091 | 8 Open: 0.9054 Close: 0.9070 Mid: 0.9070 | 9 Open: 0.9070 Close: 0.9052 Mid: 0.9058 | 10 |
11 | 12 Open: 0.9046 Close: 0.9043 Mid: 0.9052 | 13 Open: 0.9043 Close: 0.8952 Mid: 0.8995 | 14 Open: 0.8952 Close: 0.8984 Mid: 0.8973 | 15 Open: 0.8984 Close: 0.9019 Mid: 0.9013 | 16 Open: 0.9019 Close: 0.9008 Mid: 0.9016 | 17 |
18 | 19 Open: 0.9017 Close: 0.8997 Mid: 0.9002 | 20 Open: 0.8997 Close: 0.8983 Mid: 0.8992 | 21 Open: 0.8983 Close: 0.8997 Mid: 0.8995 | 22 Open: 0.8995 Close: 0.8972 Mid: 0.8991 | 23 Open: 0.8973 Close: 0.8956 Mid: 0.8962 | 24 |
25 | 26 Open: 0.8953 Close: 0.8958 Mid: 0.8961 | 27 Open: 0.8958 Close: 0.8972 Mid: 0.8963 | 28 Open: 0.8973 Close: 0.8987 Mid: 0.8979 | 29 Open: 0.8987 Close: 0.8954 Mid: 0.8975 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8955 Close: 0.8948 Mid: 0.8937 | 2 | |||||
3 | 4 Open: 0.8935 Close: 0.8903 Mid: 0.8925 | 5 Open: 0.8903 Close: 0.8911 Mid: 0.8903 | 6 Open: 0.8909 Close: 0.8905 Mid: 0.8894 | 7 Open: 0.8905 Close: 0.8896 Mid: 0.8905 | 8 Open: 0.8896 Close: 0.8860 Mid: 0.8882 | 9 |
10 | 11 Open: 0.8866 Close: 0.8894 Mid: 0.8881 | 12 Open: 0.8894 Close: 0.8910 Mid: 0.8910 | 13 Open: 0.8910 Close: 0.8891 Mid: 0.8903 | 14 Open: 0.8891 Close: 0.8873 Mid: 0.8881 | 15 Open: 0.8873 Close: 0.8887 Mid: 0.8881 | 16 |
17 | 18 Open: 0.8891 Close: 0.8848 Mid: 0.8870 | 19 Open: 0.8848 Close: 0.8851 Mid: 0.8867 | 20 Open: 0.8851 Close: 0.8819 Mid: 0.8834 | 21 Open: 0.8820 Close: 0.8803 Mid: 0.8784 | 22 Open: 0.8803 Close: 0.8844 Mid: 0.8820 | 23 |
24 | 25 Open: 0.8838 Close: 0.8799 Mid: 0.8824 | 26 Open: 0.8799 Close: 0.8760 Mid: 0.8775 | 27 Open: 0.8760 Close: 0.8754 Mid: 0.8753 | 28 Open: 0.8754 Close: 0.8785 Mid: 0.8767 | 29 Open: 0.8785 Close: 0.8784 Mid: 0.8785 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8775 Close: 0.8810 Mid: 0.8793 | 2 Open: 0.8810 Close: 0.8756 Mid: 0.8783 | 3 Open: 0.8756 Close: 0.8754 Mid: 0.8753 | 4 Open: 0.8754 Close: 0.8775 Mid: 0.8744 | 5 Open: 0.8775 Close: 0.8772 Mid: 0.8777 | 6 | |
7 | 8 Open: 0.8789 Close: 0.8728 Mid: 0.8756 | 9 Open: 0.8728 Close: 0.8730 Mid: 0.8731 | 10 Open: 0.8730 Close: 0.8735 Mid: 0.8729 | 11 Open: 0.8735 Close: 0.8754 Mid: 0.8740 | 12 Open: 0.8754 Close: 0.8784 Mid: 0.8791 | 13 |
14 | 15 Open: 0.8809 Close: 0.8814 Mid: 0.8788 | 16 Open: 0.8814 Close: 0.8815 Mid: 0.8804 | 17 Open: 0.8815 Close: 0.8816 Mid: 0.8815 | 18 Open: 0.8816 Close: 0.8813 Mid: 0.8815 | 19 Open: 0.8813 Close: 0.8878 Mid: 0.8880 | 20 |
21 | 22 Open: 0.8886 Close: 0.8878 Mid: 0.8886 | 23 Open: 0.8879 Close: 0.8808 Mid: 0.8847 | 24 Open: 0.8808 Close: 0.8767 Mid: 0.8790 | 25 Open: 0.8767 Close: 0.8760 Mid: 0.8762 | 26 Open: 0.8761 Close: 0.8752 Mid: 0.8767 | 27 |
28 | 29 Open: 0.8765 Close: 0.8743 Mid: 0.8750 | 30 Open: 0.8743 Close: 0.8706 Mid: 0.8727 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8706 Close: 0.8718 Mid: 0.8706 | 2 Open: 0.8718 Close: 0.8761 Mid: 0.8742 | 3 Open: 0.8761 Close: 0.8807 Mid: 0.8787 | 4 | |||
5 | 6 Open: 0.8797 Close: 0.8784 Mid: 0.8792 | 7 Open: 0.8784 Close: 0.8801 Mid: 0.8788 | 8 Open: 0.8801 Close: 0.8812 Mid: 0.8811 | 9 Open: 0.8812 Close: 0.8813 Mid: 0.8816 | 10 Open: 0.8813 Close: 0.8808 Mid: 0.8804 | 11 |
12 | 13 Open: 0.8812 Close: 0.8767 Mid: 0.8790 | 14 Open: 0.8766 Close: 0.8760 Mid: 0.8780 | 15 Open: 0.8760 Close: 0.8738 Mid: 0.8753 | 16 Open: 0.8737 Close: 0.8710 Mid: 0.8737 | 17 Open: 0.8710 Close: 0.8660 Mid: 0.8687 | 18 |
19 | 20 Open: 0.8665 Close: 0.8643 Mid: 0.8654 | 21 Open: 0.8643 Close: 0.8637 Mid: 0.8643 | 22 Open: 0.8637 Close: 0.8587 Mid: 0.8611 | 23 Open: 0.8587 Close: 0.8613 Mid: 0.8602 | 24 Open: 0.8613 Close: 0.8583 Mid: 0.8599 | 25 |
26 | 27 Open: 0.8589 Close: 0.8571 Mid: 0.8576 | 28 Open: 0.8571 Close: 0.8588 Mid: 0.8586 | 29 Open: 0.8588 Close: 0.8622 Mid: 0.8601 | 30 Open: 0.8622 Close: 0.8695 Mid: 0.8656 | 31 Open: 0.8695 Close: 0.8697 Mid: 0.8692 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.8695 Close: 0.8717 Mid: 0.8719 | 4 Open: 0.8718 Close: 0.8797 Mid: 0.8755 | 5 Open: 0.8797 Close: 0.8753 Mid: 0.8776 | 6 Open: 0.8753 Close: 0.8791 Mid: 0.8771 | 7 Open: 0.8791 Close: 0.8769 Mid: 0.8775 | 8 |
9 | 10 Open: 0.8775 Close: 0.8761 Mid: 0.8772 | 11 Open: 0.8761 Close: 0.8744 Mid: 0.8759 | 12 Open: 0.8744 Close: 0.8736 Mid: 0.8744 | 13 Open: 0.8736 Close: 0.8766 Mid: 0.8752 | 14 Open: 0.8766 Close: 0.8856 Mid: 0.8816 | 15 |
16 | 17 Open: 0.8842 Close: 0.8849 Mid: 0.8851 | 18 Open: 0.8849 Close: 0.8899 Mid: 0.8878 | 19 Open: 0.8899 Close: 0.8888 Mid: 0.8889 | 20 Open: 0.8888 Close: 0.8864 Mid: 0.8873 | 21 Open: 0.8864 Close: 0.8844 Mid: 0.8861 | 22 |
23 | 24 Open: 0.8856 Close: 0.8828 Mid: 0.8838 | 25 Open: 0.8828 Close: 0.8809 Mid: 0.8822 | 26 Open: 0.8809 Close: 0.8828 Mid: 0.8811 | 27 Open: 0.8829 Close: 0.8802 Mid: 0.8817 | 28 Open: 0.8802 Close: 0.8800 Mid: 0.8796 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8818 Close: 0.8757 Mid: 0.8779 | 2 Open: 0.8757 Close: 0.8721 Mid: 0.8743 | 3 Open: 0.8721 Close: 0.8705 Mid: 0.8710 | 4 Open: 0.8705 Close: 0.8707 Mid: 0.8698 | 5 Open: 0.8707 Close: 0.8712 Mid: 0.8702 | 6 | |
7 | 8 Open: 0.8720 Close: 0.8699 Mid: 0.8708 | 9 Open: 0.8699 Close: 0.8711 Mid: 0.8702 | 10 Open: 0.8711 Close: 0.8651 Mid: 0.8684 | 11 Open: 0.8651 Close: 0.8637 Mid: 0.8655 | 12 Open: 0.8637 Close: 0.8608 Mid: 0.8627 | 13 |
14 | 15 Open: 0.8623 Close: 0.8609 Mid: 0.8610 | 16 Open: 0.8609 Close: 0.8625 Mid: 0.8615 | 17 Open: 0.8625 Close: 0.8701 Mid: 0.8660 | 18 Open: 0.8701 Close: 0.8703 Mid: 0.8707 | 19 Open: 0.8703 Close: 0.8712 Mid: 0.8707 | 20 |
21 | 22 Open: 0.8715 Close: 0.8692 Mid: 0.8708 | 23 Open: 0.8692 Close: 0.8692 Mid: 0.8694 | 24 Open: 0.8692 Close: 0.8753 Mid: 0.8728 | 25 Open: 0.8753 Close: 0.8826 Mid: 0.8800 | 26 Open: 0.8826 Close: 0.8794 Mid: 0.8812 | 27 |
28 | 29 Open: 0.8803 Close: 0.8774 Mid: 0.8796 | 30 Open: 0.8774 Close: 0.8827 Mid: 0.8797 | 31 Open: 0.8826 Close: 0.8859 Mid: 0.8844 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8859 Close: 0.8992 Mid: 0.8928 | 2 Open: 0.8992 Close: 0.9104 Mid: 0.9050 | 3 | ||||
4 | 5 Open: 0.9094 Close: 0.9181 Mid: 0.9200 | 6 Open: 0.9181 Close: 0.9254 Mid: 0.9200 | 7 Open: 0.9254 Close: 0.9143 Mid: 0.9165 | 8 Open: 0.9143 Close: 0.9051 Mid: 0.9129 | 9 Open: 0.9051 Close: 0.9058 Mid: 0.9064 | 10 |
11 | 12 Open: 0.9057 Close: 0.9054 Mid: 0.9030 | 13 Open: 0.9054 Close: 0.8989 Mid: 0.9020 | 14 Open: 0.8989 Close: 0.9011 Mid: 0.9006 | 15 Open: 0.9011 Close: 0.8915 Mid: 0.8963 | 16 Open: 0.8915 Close: 0.8919 Mid: 0.8928 | 17 |
18 | 19 Open: 0.8934 Close: 0.8922 Mid: 0.8926 | 20 Open: 0.8922 Close: 0.8984 Mid: 0.8951 | 21 Open: 0.8984 Close: 0.8970 Mid: 0.8980 | 22 Open: 0.8970 Close: 0.8963 Mid: 0.8976 | 23 Open: 0.8963 Close: 0.8925 Mid: 0.8942 | 24 |
25 | 26 Open: 0.8927 Close: 0.8950 Mid: 0.8944 | 27 Open: 0.8950 Close: 0.8961 Mid: 0.8945 | 28 Open: 0.8961 Close: 0.9001 Mid: 0.8983 | 29 Open: 0.9001 Close: 0.8962 Mid: 0.8980 | 30 Open: 0.8962 Close: 0.8962 Mid: 0.8952 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.8962 Close: 0.8932 Mid: 0.8945 | 3 Open: 0.8932 Close: 0.8967 Mid: 0.8958 | 4 Open: 0.8967 Close: 0.8985 Mid: 0.8973 | 5 Open: 0.8985 Close: 0.8989 Mid: 0.8975 | 6 Open: 0.8989 Close: 0.9033 Mid: 0.9003 | 7 |
8 | 9 Open: 0.9035 Close: 0.9006 Mid: 0.9015 | 10 Open: 0.9006 Close: 0.9027 Mid: 0.9023 | 11 Open: 0.9026 Close: 0.8996 Mid: 0.9030 | 12 Open: 0.8996 Close: 0.8952 Mid: 0.8977 | 13 Open: 0.8952 Close: 0.8973 Mid: 0.8979 | 14 |
15 | 16 Open: 0.8989 Close: 0.8956 Mid: 0.8974 | 17 Open: 0.8957 Close: 0.8969 Mid: 0.8965 | 18 Open: 0.8969 Close: 0.8944 Mid: 0.8966 | 19 Open: 0.8944 Close: 0.8879 Mid: 0.8910 | 20 Open: 0.8879 Close: 0.8829 Mid: 0.8859 | 21 |
22 | 23 Open: 0.8831 Close: 0.8840 Mid: 0.8842 | 24 Open: 0.8840 Close: 0.8841 Mid: 0.8830 | 25 Open: 0.8841 Close: 0.8826 Mid: 0.8831 | 26 Open: 0.8826 Close: 0.8809 Mid: 0.8824 | 27 Open: 0.8809 Close: 0.8896 Mid: 0.8851 | 28 |
29 | 30 Open: 0.8880 Close: 0.8842 Mid: 0.8861 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8842 Close: 0.8891 Mid: 0.8873 | 2 Open: 0.8891 Close: 0.8871 Mid: 0.8888 | 3 Open: 0.8871 Close: 0.8935 Mid: 0.8928 | 4 Open: 0.8935 Close: 0.8881 Mid: 0.8912 | 5 | ||
6 | 7 Open: 0.8883 Close: 0.8946 Mid: 0.8915 | 8 Open: 0.8946 Close: 0.8901 Mid: 0.8929 | 9 Open: 0.8901 Close: 0.8887 Mid: 0.8908 | 10 Open: 0.8887 Close: 0.8943 Mid: 0.8921 | 11 Open: 0.8943 Close: 0.8927 Mid: 0.8929 | 12 |
13 | 14 Open: 0.8923 Close: 0.8877 Mid: 0.8901 | 15 Open: 0.8877 Close: 0.8872 Mid: 0.8873 | 16 Open: 0.8872 Close: 0.8895 Mid: 0.8900 | 17 Open: 0.8895 Close: 0.8875 Mid: 0.8888 | 18 Open: 0.8875 Close: 0.8861 Mid: 0.8856 | 19 |
20 | 21 Open: 0.8862 Close: 0.8891 Mid: 0.8878 | 22 Open: 0.8891 Close: 0.8899 Mid: 0.8902 | 23 Open: 0.8899 Close: 0.8932 Mid: 0.8904 | 24 Open: 0.8932 Close: 0.8901 Mid: 0.8915 | 25 Open: 0.8901 Close: 0.8901 Mid: 0.8896 | 26 |
27 | 28 Open: 0.8884 Close: 0.8909 Mid: 0.8894 | 29 Open: 0.8909 Close: 0.8859 Mid: 0.8885 | 30 Open: 0.8858 Close: 0.8901 Mid: 0.8878 | 31 Open: 0.8901 Close: 0.8978 Mid: 0.8945 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8978 Close: 0.8898 Mid: 0.8924 | 2 | |||||
3 | 4 Open: 0.8891 Close: 0.8931 Mid: 0.8920 | 5 Open: 0.8931 Close: 0.8883 Mid: 0.8912 | 6 Open: 0.8883 Close: 0.8857 Mid: 0.8879 | 7 Open: 0.8857 Close: 0.8826 Mid: 0.8838 | 8 Open: 0.8826 Close: 0.8838 Mid: 0.8845 | 9 |
10 | 11 Open: 0.8852 Close: 0.8822 Mid: 0.8835 | 12 Open: 0.8822 Close: 0.8898 Mid: 0.8860 | 13 Open: 0.8898 Close: 0.8880 Mid: 0.8894 | 14 Open: 0.8880 Close: 0.8868 Mid: 0.8879 | 15 Open: 0.8868 Close: 0.8921 Mid: 0.8900 | 16 |
17 | 18 Open: 0.8913 Close: 0.8932 Mid: 0.8927 | 19 Open: 0.8932 Close: 0.8936 Mid: 0.8956 | 20 Open: 0.8936 Close: 0.8938 Mid: 0.8922 | 21 Open: 0.8938 Close: 0.8958 Mid: 0.8953 | 22 Open: 0.8958 Close: 0.8925 Mid: 0.8961 | 23 |
24 | 25 Open: 0.8916 Close: 0.8977 Mid: 0.8947 | 26 Open: 0.8977 Close: 0.8974 Mid: 0.8976 | 27 Open: 0.8974 Close: 0.8942 Mid: 0.8967 | 28 Open: 0.8942 Close: 0.8926 Mid: 0.8936 | 29 Open: 0.8926 Close: 0.8911 Mid: 0.8932 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.8919 Close: 0.8914 Mid: 0.8904 | 3 Open: 0.8914 Close: 0.8902 Mid: 0.8914 | 4 Open: 0.8902 Close: 0.8903 Mid: 0.8903 | 5 Open: 0.8903 Close: 0.8920 Mid: 0.8904 | 6 Open: 0.8920 Close: 0.8931 Mid: 0.8929 | 7 |
8 | 9 Open: 0.8932 Close: 0.8925 Mid: 0.8917 | 10 Open: 0.8925 Close: 0.8868 Mid: 0.8902 | 11 Open: 0.8868 Close: 0.8870 Mid: 0.8877 | 12 Open: 0.8870 Close: 0.8843 Mid: 0.8847 | 13 Open: 0.8843 Close: 0.8876 Mid: 0.8861 | 14 |
15 | 16 Open: 0.8873 Close: 0.8814 Mid: 0.8849 | 17 Open: 0.8815 Close: 0.8813 Mid: 0.8800 | 18 Open: 0.8813 Close: 0.8826 Mid: 0.8813 | 19 Open: 0.8825 Close: 0.8900 Mid: 0.8855 | 20 Open: 0.8900 Close: 0.8910 Mid: 0.8919 | 21 |
22 | 23 Open: 0.8914 Close: 0.8877 Mid: 0.8896 | 24 Open: 0.8877 Close: 0.8856 Mid: 0.8860 | 25 Open: 0.8877 Close: 0.8856 Mid: 0.8860 | 26 Open: 0.8856 Close: 0.8861 Mid: 0.8860 | 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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