Live rate: 1 CHF = 1099.0100 CLP (-0.11%)

Inverted: 1 CLP = 0.0009 CHF

Click here for our full travel and holiday rates comparison tool.

Comparison Results:

ProviderExchange RateFeeYou GetServiceNotesAction

Live Market Rate

1099.010001,088.0199
wise 1,099.01000.83%1,089.8882 Best Multi-Currency Card The UK's leading payment provider

Best Bank Rate

Banks
1,068.2377

(upper range)

Variable1,068.2377 Payments, transfers, holiday money Determined using data on spread charges supplied by IMTI

Worst Bank Rate

Banks
1,060.5447

(lower range)

Variable1,060.5447Payments, transfers, holiday money Determined using data on spread charges supplied by Money Mover and Accourt

Paypal

Paypal
1,049.554601,049.5546 International Payments and Transfers

CHF/CLP Live Chart and Data

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For full historical data please visit: CHF/CLP exchange rate history pages for the year 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012

January - 2024

SunMonTueWedThuFriSat
1

Open: 1,050.9000

Close: 1,050.9000

Mid: 1,050.9000

2

Open: 1,051.1000

Close: 1,040.0400

Mid: 1,040.9350

3

Open: 1,040.0800

Close: 1,038.8900

Mid: 1,037.1350

4

Open: 1,038.9300

Close: 1,044.0200

Mid: 1,040.4450

5

Open: 1,043.7700

Close: 1,046.3800

Mid: 1,047.0950

6
7
8

Open: 1,046.9600

Close: 1,065.7300

Mid: 1,057.4400

9

Open: 1,066.0200

Close: 1,077.1000

Mid: 1,072.5300

10

Open: 1,077.1600

Close: 1,077.3400

Mid: 1,078.8600

11

Open: 1,077.3600

Close: 1,072.9200

Mid: 1,072.7400

12

Open: 1,072.9000

Close: 1,066.6000

Mid: 1,070.2100

13
14
15

Open: 1,067.7300

Close: 1,064.2000

Mid: 1,066.0850

16

Open: 1,064.1000

Close: 1,073.5100

Mid: 1,066.7700

17

Open: 1,073.3700

Close: 1,066.1400

Mid: 1,070.7000

18

Open: 1,066.4400

Close: 1,059.8900

Mid: 1,062.3200

19

Open: 1,059.8900

Close: 1,048.5000

Mid: 1,053.4500

20
21
22

Open: 1,045.7400

Close: 1,046.8600

Mid: 1,046.5250

23

Open: 1,046.8000

Close: 1,048.5000

Mid: 1,046.6700

24

Open: 1,048.5800

Close: 1,054.6100

Mid: 1,054.2650

25

Open: 1,054.7400

Close: 1,049.3600

Mid: 1,051.9000

26

Open: 1,049.5500

Close: 1,067.4500

Mid: 1,058.0200

27
28
29

Open: 1,049.8400

Close: 1,079.8000

Mid: 1,065.3600

30

Open: 1,079.9000

Close: 1,082.0600

Mid: 1,080.7150

31

Open: 1,082.2400

Close: 1,080.3500

Mid: 1,084.2500

February - 2024

SunMonTueWedThuFriSat
1

Open: 1,080.2500

Close: 1,086.5000

Mid: 1,082.3700

2

Open: 1,086.6200

Close: 1,093.7600

Mid: 1,090.9550

3
4
5

Open: 1,093.4400

Close: 1,095.8500

Mid: 1,091.2200

6

Open: 1,095.9700

Close: 1,090.1000

Mid: 1,092.9400

7

Open: 1,090.0900

Close: 1,090.1900

Mid: 1,090.4150

8

Open: 1,090.2200

Close: 1,105.5500

Mid: 1,096.0700

9

Open: 1,105.5400

Close: 1,109.4300

Mid: 1,106.9150

10
11
12

Open: 1,108.2400

Close: 1,108.7700

Mid: 1,108.4050

13

Open: 1,108.7200

Close: 1,093.5500

Mid: 1,103.2550

14

Open: 1,093.6000

Close: 1,081.2800

Mid: 1,087.8250

15

Open: 1,081.2500

Close: 1,099.6700

Mid: 1,090.8300

16

Open: 1,099.7100

Close: 1,102.6300

Mid: 1,100.8550

17
18
19

Open: 1,095.8500

Close: 1,093.8800

Mid: 1,098.6900

20

Open: 1,093.8700

Close: 1,091.3100

Mid: 1,094.9450

21

Open: 1,091.4200

Close: 1,102.1700

Mid: 1,096.9650

22

Open: 1,102.1200

Close: 1,112.2100

Mid: 1,108.2950

23

Open: 1,112.3800

Close: 1,112.2800

Mid: 1,113.7050

24
25
26

Open: 1,112.3300

Close: 1,121.6500

Mid: 1,116.7850

27

Open: 1,121.6900

Close: 1,117.1300

Mid: 1,118.1400

28

Open: 1,117.1800

Close: 1,114.1600

Mid: 1,115.2150

29

Open: 1,114.2800

Close: 1,092.8700

Mid: 1,103.9250

March - 2024

SunMonTueWedThuFriSat
1

Open: 1,092.9300

Close: 1,095.0000

Mid: 1,092.7300

2
3
4

Open: 1,093.7700

Close: 1,100.9600

Mid: 1,097.4850

5

Open: 1,100.9700

Close: 1,106.5900

Mid: 1,102.8100

6

Open: 1,106.4800

Close: 1,117.2700

Mid: 1,110.4750

7

Open: 1,117.2700

Close: 1,117.7900

Mid: 1,119.6450

8

Open: 1,117.7700

Close: 1,095.0100

Mid: 1,107.3350

9
10
11

Open: 1,101.7500

Close: 1,101.2700

Mid: 1,100.6950

12

Open: 1,101.2900

Close: 1,094.2600

Mid: 1,099.0650

13

Open: 1,094.2100

Close: 1,076.2000

Mid: 1,084.9800

14

Open: 1,076.1800

Close: 1,065.6300

Mid: 1,071.4350

15

Open: 1,065.6300

Close: 1,067.6800

Mid: 1,068.5450

16
17
18

Open: 1,062.1900

Close: 1,067.5400

Mid: 1,064.8150

19

Open: 1,067.5600

Close: 1,088.1000

Mid: 1,077.2900

20

Open: 1,088.1000

Close: 1,085.9000

Mid: 1,090.7200

21

Open: 1,085.9200

Close: 1,079.5800

Mid: 1,080.2800

22

Open: 1,079.6400

Close: 1,095.6600

Mid: 1,083.9650

23
24
25

Open: 1,087.5200

Close: 1,087.7900

Mid: 1,089.9850

26

Open: 1,087.7900

Close: 1,086.2800

Mid: 1,087.6000

27

Open: 1,086.2900

Close: 1,084.1400

Mid: 1,083.7700

28

Open: 1,084.1400

Close: 1,087.8300

Mid: 1,084.9550

29

Open: 1,087.8300

Close: 1,086.5100

Mid: 1,089.9800

30
31

April - 2024

SunMonTueWedThuFriSat
1

Open: 1,085.5700

Close: 1,089.7100

Mid: 1,084.9800

2

Open: 1,089.7300

Close: 1,075.0900

Mid: 1,082.7350

3

Open: 1,075.0800

Close: 1,057.7900

Mid: 1,065.0650

4

Open: 1,057.7700

Close: 1,043.7500

Mid: 1,048.5700

5

Open: 1,043.7300

Close: 1,052.6100

Mid: 1,047.7450

6
7
8

Open: 1,053.5400

Close: 1,040.7000

Mid: 1,047.3000

9

Open: 1,040.7100

Close: 1,042.2400

Mid: 1,043.9350

10

Open: 1,042.2400

Close: 1,038.4400

Mid: 1,043.4100

11

Open: 1,038.4400

Close: 1,049.8300

Mid: 1,043.4000

12

Open: 1,049.8600

Close: 1,054.2900

Mid: 1,052.4300

13
14
15

Open: 1,045.9300

Close: 1,067.1000

Mid: 1,057.8600

16

Open: 1,067.1200

Close: 1,073.0400

Mid: 1,074.6250

17

Open: 1,073.1500

Close: 1,075.9000

Mid: 1,071.3800

18

Open: 1,075.9200

Close: 1,059.5000

Mid: 1,068.1000

19

Open: 1,059.5000

Close: 1,049.1200

Mid: 1,059.0800

20
21
22

Open: 1,059.2200

Close: 1,044.6000

Mid: 1,050.9300

23

Open: 1,044.6100

Close: 1,045.8300

Mid: 1,044.9650

24

Open: 1,045.7200

Close: 1,040.9000

Mid: 1,044.4050

25

Open: 1,040.9200

Close: 1,039.4200

Mid: 1,040.4500

26

Open: 1,039.4700

Close: 1,036.9700

Mid: 1,038.2250

27
28
29

Open: 1,041.7700

Close: 1,034.5400

Mid: 1,038.4950

30

Open: 1,034.5300

Close: 1,041.9200

Mid: 1,037.6350

May - 2024

SunMonTueWedThuFriSat
1

Open: 1,041.9300

Close: 1,048.9200

Mid: 1,038.7650

2

Open: 1,048.9100

Close: 1,040.9600

Mid: 1,045.7600

3

Open: 1,040.9000

Close: 1,037.5200

Mid: 1,040.6400

4
5
6

Open: 1,040.9300

Close: 1,026.0600

Mid: 1,033.8650

7

Open: 1,026.1000

Close: 1,032.0200

Mid: 1,028.4050

8

Open: 1,031.9900

Close: 1,030.9000

Mid: 1,031.0150

9

Open: 1,030.8800

Close: 1,020.4700

Mid: 1,026.4050

10

Open: 1,020.4600

Close: 1,028.4500

Mid: 1,023.7700

11
12
13

Open: 1,020.5000

Close: 1,016.7700

Mid: 1,019.5050

14

Open: 1,016.7800

Close: 1,009.1300

Mid: 1,015.2500

15

Open: 1,009.1200

Close: 1,003.4100

Mid: 1,007.9000

16

Open: 1,003.4200

Close: 991.4820

Mid: 999.0355

17

Open: 991.4990

Close: 980.1950

Mid: 987.1715

18
19
20

Open: 983.9610

Close: 973.9590

Mid: 978.4455

21

Open: 974.0460

Close: 975.2890

Mid: 976.6455

22

Open: 975.2800

Close: 981.1340

Mid: 978.5650

23

Open: 981.1510

Close: 995.9260

Mid: 989.6690

24

Open: 995.8230

Close: 991.1330

Mid: 993.1340

25
26
27

Open: 994.0910

Close: 987.9490

Mid: 988.9240

28

Open: 987.9410

Close: 982.9360

Mid: 986.5940

29

Open: 982.9450

Close: 997.4130

Mid: 988.7310

30

Open: 997.4050

Close: 1,015.2900

Mid: 1,005.6300

31

Open: 1,015.3600

Close: 1,017.3100

Mid: 1,014.8600

June - 2024

SunMonTueWedThuFriSat
1
2
3

Open: 1,016.4600

Close: 1,009.0500

Mid: 1,014.9200

4

Open: 1,009.1400

Close: 1,018.2500

Mid: 1,012.0150

5

Open: 1,018.2500

Close: 1,017.5200

Mid: 1,015.2600

6

Open: 1,017.5500

Close: 1,021.6600

Mid: 1,019.9200

7

Open: 1,021.6500

Close: 1,019.5000

Mid: 1,019.6350

8
9
10

Open: 1,020.4500

Close: 1,026.8900

Mid: 1,024.7500

11

Open: 1,026.8600

Close: 1,028.3800

Mid: 1,028.2700

12

Open: 1,028.4100

Close: 1,025.2500

Mid: 1,029.5100

13

Open: 1,025.2500

Close: 1,027.3900

Mid: 1,025.4900

14

Open: 1,027.4000

Close: 1,047.2200

Mid: 1,035.0400

15
16
17

Open: 1,027.1200

Close: 1,041.9500

Mid: 1,035.2800

18

Open: 1,041.9300

Close: 1,058.0300

Mid: 1,049.7550

19

Open: 1,057.9900

Close: 1,054.3400

Mid: 1,056.7500

20

Open: 1,054.3400

Close: 1,046.1600

Mid: 1,049.8800

21

Open: 1,046.1400

Close: 1,051.5500

Mid: 1,048.8150

22
23
24

Open: 1,040.6400

Close: 1,059.1100

Mid: 1,049.3750

25

Open: 1,059.1000

Close: 1,052.1400

Mid: 1,055.7150

26

Open: 1,052.1300

Close: 1,054.7300

Mid: 1,051.1000

27

Open: 1,054.7700

Close: 1,061.4400

Mid: 1,058.6950

28

Open: 1,061.4300

Close: 1,053.8300

Mid: 1,057.6450

29
30

July - 2024

SunMonTueWedThuFriSat
1

Open: 1,064.2400

Close: 1,048.5800

Mid: 1,052.5300

2

Open: 1,048.5900

Close: 1,047.0600

Mid: 1,047.4850

3

Open: 1,047.0700

Close: 1,044.5800

Mid: 1,046.8900

4

Open: 1,044.6400

Close: 1,041.4800

Mid: 1,042.7200

5

Open: 1,041.4700

Close: 1,045.5200

Mid: 1,040.9600

6
7
8

Open: 1,043.9100

Close: 1,047.2300

Mid: 1,045.7250

9

Open: 1,047.4300

Close: 1,041.7600

Mid: 1,043.6100

10

Open: 1,041.7600

Close: 1,015.4200

Mid: 1,029.6350

11

Open: 1,015.4300

Close: 1,020.0000

Mid: 1,025.3450

12

Open: 1,020.0200

Close: 1,012.7100

Mid: 1,019.1100

13
14
15

Open: 1,019.2800

Close: 1,015.3900

Mid: 1,016.9050

16

Open: 1,015.4400

Close: 1,018.7100

Mid: 1,015.8150

17

Open: 1,018.6400

Close: 1,047.3600

Mid: 1,032.2300

18

Open: 1,047.2900

Close: 1,050.4600

Mid: 1,042.1300

19

Open: 1,050.5800

Close: 1,051.2800

Mid: 1,050.5450

20
21
22

Open: 1,059.9700

Close: 1,059.6700

Mid: 1,063.8400

23

Open: 1,059.7800

Close: 1,062.2200

Mid: 1,060.5700

24

Open: 1,062.2300

Close: 1,070.8400

Mid: 1,067.3100

25

Open: 1,070.8400

Close: 1,074.0200

Mid: 1,073.6650

26

Open: 1,074.0200

Close: 1,073.9500

Mid: 1,074.3100

27
28
29

Open: 1,074.5300

Close: 1,079.6100

Mid: 1,077.8200

30

Open: 1,079.6300

Close: 1,082.9800

Mid: 1,080.7350

31

Open: 1,082.9900

Close: 1,074.4500

Mid: 1,077.5250

August - 2024

SunMonTueWedThuFriSat
1

Open: 1,074.4300

Close: 1,086.6900

Mid: 1,077.6700

2

Open: 1,086.7800

Close: 1,110.0000

Mid: 1,097.4550

3
4
5

Open: 1,099.1000

Close: 1,119.4000

Mid: 1,115.4550

6

Open: 1,119.3300

Close: 1,109.5100

Mid: 1,112.5450

7

Open: 1,109.5200

Close: 1,095.5400

Mid: 1,100.2500

8

Open: 1,095.5700

Close: 1,079.7800

Mid: 1,091.8650

9

Open: 1,079.7600

Close: 1,077.7700

Mid: 1,080.4550

10
11
12

Open: 1,081.6400

Close: 1,080.6700

Mid: 1,074.6600

13

Open: 1,080.6100

Close: 1,077.7300

Mid: 1,078.7500

14

Open: 1,077.7300

Close: 1,079.2400

Mid: 1,078.2150

15

Open: 1,079.2700

Close: 1,068.7300

Mid: 1,074.7600

16

Open: 1,068.7300

Close: 1,085.2400

Mid: 1,078.3950

17
18
19

Open: 1,073.4100

Close: 1,070.4200

Mid: 1,078.3250

20

Open: 1,070.4200

Close: 1,081.8000

Mid: 1,075.1500

21

Open: 1,081.7900

Close: 1,075.7100

Mid: 1,079.0250

22

Open: 1,075.7300

Close: 1,078.9300

Mid: 1,080.2400

23

Open: 1,078.9400

Close: 1,072.0500

Mid: 1,075.9400

24
25
26

Open: 1,075.3600

Close: 1,070.0700

Mid: 1,073.5450

27

Open: 1,070.0800

Close: 1,078.1500

Mid: 1,072.7800

28

Open: 1,078.1600

Close: 1,084.5100

Mid: 1,080.0300

29

Open: 1,084.5100

Close: 1,080.0200

Mid: 1,083.2200

30

Open: 1,080.0100

Close: 1,075.7800

Mid: 1,076.9550

31

September - 2024

SunMonTueWedThuFriSat
1
2

Open: 1,075.4000

Close: 1,075.1300

Mid: 1,074.5850

3

Open: 1,075.1100

Close: 1,092.4900

Mid: 1,083.3750

4

Open: 1,092.4900

Close: 1,114.3300

Mid: 1,102.4850

5

Open: 1,114.3600

Close: 1,116.9400

Mid: 1,113.6800

6

Open: 1,116.9500

Close: 1,122.7100

Mid: 1,117.0850

7
8
9

Open: 1,118.7200

Close: 1,111.1600

Mid: 1,114.6950

10

Open: 1,111.1300

Close: 1,121.4100

Mid: 1,116.7050

11

Open: 1,121.3900

Close: 1,105.1200

Mid: 1,117.0300

12

Open: 1,105.1600

Close: 1,098.4600

Mid: 1,103.0950

13

Open: 1,098.4200

Close: 1,089.2700

Mid: 1,095.5950

14
15
16

Open: 1,090.4100

Close: 1,091.7100

Mid: 1,094.6300

17

Open: 1,091.7200

Close: 1,096.9100

Mid: 1,094.6700

18

Open: 1,096.9200

Close: 1,100.9400

Mid: 1,101.4450

19

Open: 1,100.9500

Close: 1,098.0000

Mid: 1,096.8900

20

Open: 1,098.0000

Close: 1,094.4900

Mid: 1,096.9250

21
22
23

Open: 1,091.6700

Close: 1,088.7400

Mid: 1,090.8650

24

Open: 1,088.7500

Close: 1,083.5900

Mid: 1,084.5950

25

Open: 1,083.5900

Close: 1,072.0400

Mid: 1,077.7350

26

Open: 1,072.0700

Close: 1,070.4200

Mid: 1,072.3650

27

Open: 1,070.4000

Close: 1,069.7500

Mid: 1,069.8450

28
29
30

Open: 1,067.9200

Close: 1,062.8100

Mid: 1,066.6750

October - 2024

SunMonTueWedThuFriSat
1

Open: 1,062.8100

Close: 1,067.1400

Mid: 1,067.8900

2

Open: 1,067.1500

Close: 1,072.5600

Mid: 1,070.2800

3

Open: 1,072.5400

Close: 1,079.7500

Mid: 1,073.5300

4

Open: 1,079.7700

Close: 1,077.7100

Mid: 1,074.7650

5
6
7

Open: 1,076.8500

Close: 1,085.3400

Mid: 1,079.0650

8

Open: 1,085.2600

Close: 1,088.8400

Mid: 1,087.0200

9

Open: 1,088.8500

Close: 1,083.8900

Mid: 1,087.9450

10

Open: 1,083.9000

Close: 1,085.1700

Mid: 1,085.2150

11

Open: 1,085.2300

Close: 1,080.8500

Mid: 1,083.5150

12
13
14

Open: 1,080.6500

Close: 1,074.2300

Mid: 1,078.6750

15

Open: 1,074.2200

Close: 1,090.1300

Mid: 1,081.5450

16

Open: 1,090.1800

Close: 1,083.3400

Mid: 1,088.6200

17

Open: 1,083.3400

Close: 1,092.8600

Mid: 1,088.5750

18

Open: 1,092.8700

Close: 1,102.3800

Mid: 1,096.0150

19
20
21

Open: 1,090.8400

Close: 1,099.2600

Mid: 1,097.3400

22

Open: 1,099.2600

Close: 1,096.2200

Mid: 1,099.1600

23

Open: 1,096.2200

Close: 1,091.2500

Mid: 1,095.6050

24

Open: 1,091.2600

Close: 1,093.6600

Mid: 1,091.7250

25

Open: 1,093.7000

Close: 1,093.3500

Mid: 1,094.2050

26
27
28

Open: 1,093.4100

Close: 1,094.2600

Mid: 1,093.7500

29

Open: 1,094.2700

Close: 1,102.6700

Mid: 1,098.1150

30

Open: 1,102.6700

Close: 1,109.9000

Mid: 1,097.6400

31

Open: 1,109.9000

Close: 1,113.3300

Mid: 1,111.6650

November - 2024

SunMonTueWedThuFriSat
1

Open: 1,113.3600

Close: 1,104.8100

Mid: 1,109.2900

2
3
4

Open: 1,106.9200

Close: 1,104.2900

Mid: 1,107.9100

5

Open: 1,104.3000

Close: 1,107.9300

Mid: 1,106.4350

6

Open: 1,107.9500

Close: 1,099.1100

Mid: 1,099.7650

7

Open: 1,099.1200

Close: 1,097.6900

Mid: 1,099.2150

8

Open: 1,097.7000

Close: 1,107.8900

Mid: 1,102.9350

9
10
11

Open: 1,095.3200

Close: 1,100.2500

Mid: 1,098.6850

12

Open: 1,100.2600

Close: 1,118.3500

Mid: 1,109.8800

13

Open: 1,118.3500

Close: 1,105.9600

Mid: 1,112.6150

14

Open: 1,105.9500

Close: 1,095.1800

Mid: 1,105.1700

15

Open: 1,095.2500

Close: 1,103.1700

Mid: 1,098.5100

16
17
18

Open: 1,103.1800

Close: 1,101.7100

Mid: 1,102.6750

19

Open: 1,101.6900

Close: 1,100.8100

Mid: 1,102.6800

20

Open: 1,100.8000

Close: 1,100.5900

Mid: 1,097.9800

21

Open: 1,100.5900

Close: 1,097.8800

Mid: 1,100.1900

22

Open: 1,097.8800

Close: 1,103.5400

Mid: 1,099.6650

23
24
25

Open: 1,097.3600

Close: 1,101.1900

Mid: 1,097.4000

26

Open: 1,101.1900

Close: 1,102.5100

Mid: 1,099.9550

27

Open: 1,102.5300

Close: 1,108.1600

Mid: 1,106.8250

28

Open: 1,108.1700

Close: 1,107.6200

Mid: 1,106.6000

29

Open: 1,107.6000

Close: 1,105.2800

Mid: 1,108.2050

30

December - 2024

SunMonTueWedThuFriSat
1
2

Open: 1,106.9400

Close: 1,104.0600

Mid: 1,103.3250

3

Open: 1,104.0600

Close: 1,097.7200

Mid: 1,103.0950

4

Open: 1,097.7300

Close: 1,102.5900

Mid: 1,100.2800

5

Open: 1,102.6000

Close: 1,104.2200

Mid: 1,103.7250

6

Open: 1,104.2300

Close: 1,109.7800

Mid: 1,106.7400

7
8
9

Open: 1,104.6300

Close: 1,103.5300

Mid: 1,105.7050

10

Open: 1,103.5100

Close: 1,104.2900

Mid: 1,104.4100

11

Open: 1,104.2900

Close: 1,102.8200

Mid: 1,103.5050

12

Open: 1,102.8400

Close: 1,094.6400

Mid: 1,098.7600

13

Open: 1,094.6500

Close: 1,099.4000

Mid: 1,095.2000

14
15
16

Open: 1,095.4100

Close: 1,100.2800

Mid: 1,098.9050

17

Open: 1,100.3000

Close: 1,100.8500

Mid: 1,099.4900

18

Open: 1,100.8400

Close: 1,103.7900

Mid: 1,105.3200

19

Open: 1,103.7600

Close: 1,103.3100

Mid: 1,106.9750

20

Open: 1,103.3200

Close: 1,107.6500

Mid: 1,107.7750

21
22
23

Open: 1,106.4400

Close: 1,102.2500

Mid: 1,105.2400

24

Open: 1,102.2300

Close: 1,100.1700

Mid: 1,099.6400

25

Open: 1,102.2300

Close: 1,100.1700

Mid: 1,099.6400

26

Open: 1,100.0900

Close: 1,099.5100

Mid: 1,099.9000

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.

Why

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.

Safety is Everything

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.