Best Swiss Franc / Israeli Sheqel Exchange Rate Today: 4.0621
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 4.0499, and the most competitive travel money / cash rates start at approximately 4.0255.
Live rate: 1 CHF = 4.0621 ILS (+0.28% )
Inverted: 1 ILS = 0.2462 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 | 4.0621 | 0 | 4.0215 | |||
 | 4.0499 (indicative) | 0 | 4.0499 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 4.0337 (indicative) | 0 | 4.0337 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 4.0621 | 0.7% | 4.0337 | 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. | |
 | 4.0255 | 0 | 4.0255 | 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  | 3.9484 (upper range) | Variable | 3.9484 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 3.9199 (lower range) | Variable | 3.9199 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 3.8793 | 0 | 3.8793 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.2802 Close: 4.2810 Mid: 4.2807 | 2 Open: 4.2814 Close: 4.2797 Mid: 4.2884 | 3 Open: 4.2799 Close: 4.3071 Mid: 4.2849 | 4 Open: 4.3072 Close: 4.3026 Mid: 4.2998 | 5 Open: 4.3014 Close: 4.3243 Mid: 4.3199 | 6 | |
7 | 8 Open: 4.3305 Close: 4.3720 Mid: 4.3523 | 9 Open: 4.3732 Close: 4.3796 Mid: 4.3751 | 10 Open: 4.3799 Close: 4.3947 Mid: 4.3968 | 11 Open: 4.3949 Close: 4.3994 Mid: 4.3947 | 12 Open: 4.3993 Close: 4.3753 Mid: 4.3865 | 13 |
14 | 15 Open: 4.3792 Close: 4.3857 Mid: 4.3830 | 16 Open: 4.3854 Close: 4.3770 Mid: 4.3870 | 17 Open: 4.3764 Close: 4.3915 Mid: 4.3782 | 18 Open: 4.3928 Close: 4.3325 Mid: 4.3575 | 19 Open: 4.3324 Close: 4.3118 Mid: 4.3162 | 20 |
21 | 22 Open: 4.3104 Close: 4.3315 Mid: 4.3265 | 23 Open: 4.3314 Close: 4.3136 Mid: 4.3277 | 24 Open: 4.3141 Close: 4.2923 Mid: 4.3043 | 25 Open: 4.2930 Close: 4.2655 Mid: 4.2764 | 26 Open: 4.2661 Close: 4.2649 Mid: 4.2731 | 27 |
28 | 29 Open: 4.2624 Close: 4.2449 Mid: 4.2615 | 30 Open: 4.2452 Close: 4.2478 Mid: 4.2371 | 31 Open: 4.2484 Close: 4.2213 Mid: 4.2349 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.2212 Close: 4.2721 Mid: 4.2489 | 2 Open: 4.2725 Close: 4.2172 Mid: 4.2446 | 3 | ||||
4 | 5 Open: 4.2161 Close: 4.2176 Mid: 4.2178 | 6 Open: 4.2180 Close: 4.1909 Mid: 4.1946 | 7 Open: 4.1909 Close: 4.1775 Mid: 4.1850 | 8 Open: 4.1777 Close: 4.2323 Mid: 4.2075 | 9 Open: 4.2322 Close: 4.1942 Mid: 4.2112 | 10 |
11 | 12 Open: 4.1933 Close: 4.1796 Mid: 4.2035 | 13 Open: 4.1796 Close: 4.1405 Mid: 4.1529 | 14 Open: 4.1407 Close: 4.1272 Mid: 4.1326 | 15 Open: 4.1270 Close: 4.1185 Mid: 4.1194 | 16 Open: 4.1185 Close: 4.0929 Mid: 4.1016 | 17 |
18 | 19 Open: 4.0979 Close: 4.1201 Mid: 4.1065 | 20 Open: 4.1201 Close: 4.1646 Mid: 4.1465 | 21 Open: 4.1652 Close: 4.1819 Mid: 4.1809 | 22 Open: 4.1817 Close: 4.1298 Mid: 4.1550 | 23 Open: 4.1304 Close: 4.1206 Mid: 4.1234 | 24 |
25 | 26 Open: 4.1207 Close: 4.1385 Mid: 4.1370 | 27 Open: 4.1386 Close: 4.1064 Mid: 4.1205 | 28 Open: 4.1066 Close: 4.0880 Mid: 4.0956 | 29 Open: 4.0885 Close: 4.0377 Mid: 4.0688 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.0379 Close: 4.0389 Mid: 4.0233 | 2 | |||||
3 | 4 Open: 4.0328 Close: 4.0433 Mid: 4.0357 | 5 Open: 4.0433 Close: 4.0620 Mid: 4.0533 | 6 Open: 4.0616 Close: 4.0637 Mid: 4.0674 | 7 Open: 4.0639 Close: 4.0837 Mid: 4.0753 | 8 Open: 4.0836 Close: 4.0715 Mid: 4.0728 | 9 |
10 | 11 Open: 4.0746 Close: 4.1353 Mid: 4.1040 | 12 Open: 4.1353 Close: 4.1751 Mid: 4.1582 | 13 Open: 4.1751 Close: 4.1381 Mid: 4.1639 | 14 Open: 4.1380 Close: 4.1357 Mid: 4.1304 | 15 Open: 4.1357 Close: 4.1667 Mid: 4.1441 | 16 |
17 | 18 Open: 4.1684 Close: 4.1126 Mid: 4.1381 | 19 Open: 4.1127 Close: 4.1362 Mid: 4.1290 | 20 Open: 4.1363 Close: 4.1222 Mid: 4.1146 | 21 Open: 4.1222 Close: 4.0163 Mid: 4.0577 | 22 Open: 4.0164 Close: 4.0585 Mid: 4.0310 | 23 |
24 | 25 Open: 4.0542 Close: 4.0499 Mid: 4.0511 | 26 Open: 4.0498 Close: 4.0533 Mid: 4.0587 | 27 Open: 4.0533 Close: 4.0695 Mid: 4.0536 | 28 Open: 4.0695 Close: 4.0630 Mid: 4.0692 | 29 Open: 4.0630 Close: 4.0971 Mid: 4.0801 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.0954 Close: 4.0662 Mid: 4.0806 | 2 Open: 4.0662 Close: 4.0916 Mid: 4.0772 | 3 Open: 4.0915 Close: 4.1124 Mid: 4.0994 | 4 Open: 4.1124 Close: 4.1174 Mid: 4.1120 | 5 Open: 4.1173 Close: 4.1723 Mid: 4.1431 | 6 | |
7 | 8 Open: 4.1760 Close: 4.0648 Mid: 4.1160 | 9 Open: 4.0649 Close: 4.0920 Mid: 4.0815 | 10 Open: 4.0920 Close: 4.0929 Mid: 4.0976 | 11 Open: 4.0929 Close: 4.1277 Mid: 4.1119 | 12 Open: 4.1278 Close: 4.1271 Mid: 4.1310 | 13 |
14 | 15 Open: 4.1373 Close: 4.1190 Mid: 4.0998 | 16 Open: 4.1190 Close: 4.1147 Mid: 4.1121 | 17 Open: 4.1148 Close: 4.1594 Mid: 4.1391 | 18 Open: 4.1594 Close: 4.1573 Mid: 4.1672 | 19 Open: 4.1573 Close: 4.1269 Mid: 4.1711 | 20 |
21 | 22 Open: 4.1296 Close: 4.1427 Mid: 4.1289 | 23 Open: 4.1427 Close: 4.1325 Mid: 4.1342 | 24 Open: 4.1325 Close: 4.1293 Mid: 4.1245 | 25 Open: 4.1294 Close: 4.1703 Mid: 4.1489 | 26 Open: 4.1705 Close: 4.1850 Mid: 4.1742 | 27 |
28 | 29 Open: 4.2397 Close: 4.1279 Mid: 4.1752 | 30 Open: 4.1280 Close: 4.0587 Mid: 4.0943 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.0588 Close: 4.1026 Mid: 4.0733 | 2 Open: 4.1025 Close: 4.0925 Mid: 4.0920 | 3 Open: 4.0925 Close: 4.1070 Mid: 4.1019 | 4 | |||
5 | 6 Open: 4.1011 Close: 4.1285 Mid: 4.1205 | 7 Open: 4.1285 Close: 4.0724 Mid: 4.0986 | 8 Open: 4.0723 Close: 4.0882 Mid: 4.0776 | 9 Open: 4.0882 Close: 4.1161 Mid: 4.1024 | 10 Open: 4.1160 Close: 4.1135 Mid: 4.1092 | 11 |
12 | 13 Open: 4.1157 Close: 4.0978 Mid: 4.1040 | 14 Open: 4.0979 Close: 4.0767 Mid: 4.0962 | 15 Open: 4.0768 Close: 4.0694 Mid: 4.0733 | 16 Open: 4.0694 Close: 4.0784 Mid: 4.0795 | 17 Open: 4.0784 Close: 4.0749 Mid: 4.0788 | 18 |
19 | 20 Open: 4.0752 Close: 4.0534 Mid: 4.0733 | 21 Open: 4.0533 Close: 4.0238 Mid: 4.0399 | 22 Open: 4.0238 Close: 4.0149 Mid: 4.0276 | 23 Open: 4.0149 Close: 4.0175 Mid: 4.0173 | 24 Open: 4.0174 Close: 3.9996 Mid: 4.0112 | 25 |
26 | 27 Open: 4.0020 Close: 4.0207 Mid: 4.0118 | 28 Open: 4.0207 Close: 4.0307 Mid: 4.0341 | 29 Open: 4.0308 Close: 4.0548 Mid: 4.0468 | 30 Open: 4.0548 Close: 4.1014 Mid: 4.0840 | 31 Open: 4.1014 Close: 4.1221 Mid: 4.1079 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 4.1172 Close: 4.0936 Mid: 4.0935 | 4 Open: 4.0938 Close: 4.1484 Mid: 4.1168 | 5 Open: 4.1485 Close: 4.1567 Mid: 4.1484 | 6 Open: 4.1566 Close: 4.1948 Mid: 4.1746 | 7 Open: 4.1948 Close: 4.1973 Mid: 4.1878 | 8 |
9 | 10 Open: 4.1997 Close: 4.1795 Mid: 4.1865 | 11 Open: 4.1795 Close: 4.1311 Mid: 4.1585 | 12 Open: 4.1311 Close: 4.1219 Mid: 4.1403 | 13 Open: 4.1219 Close: 4.1589 Mid: 4.1410 | 14 Open: 4.1588 Close: 4.1841 Mid: 4.1693 | 15 |
16 | 17 Open: 4.1773 Close: 4.1860 Mid: 4.1845 | 18 Open: 4.1859 Close: 4.2038 Mid: 4.1921 | 19 Open: 4.2037 Close: 4.1929 Mid: 4.2039 | 20 Open: 4.1931 Close: 4.1775 Mid: 4.1888 | 21 Open: 4.1775 Close: 4.2040 Mid: 4.1952 | 22 |
23 | 24 Open: 4.2071 Close: 4.1687 Mid: 4.1815 | 25 Open: 4.1687 Close: 4.1880 Mid: 4.1801 | 26 Open: 4.1880 Close: 4.1818 Mid: 4.1797 | 27 Open: 4.1819 Close: 4.1824 Mid: 4.1851 | 28 Open: 4.1824 Close: 4.1912 Mid: 4.1827 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.1971 Close: 4.1690 Mid: 4.1756 | 2 Open: 4.1689 Close: 4.1718 Mid: 4.1669 | 3 Open: 4.1717 Close: 4.1770 Mid: 4.1743 | 4 Open: 4.1772 Close: 4.1555 Mid: 4.1588 | 5 Open: 4.1553 Close: 4.1244 Mid: 4.1289 | 6 | |
7 | 8 Open: 4.1214 Close: 4.0921 Mid: 4.1153 | 9 Open: 4.0922 Close: 4.0909 Mid: 4.0959 | 10 Open: 4.0909 Close: 4.0677 Mid: 4.0759 | 11 Open: 4.0678 Close: 4.0609 Mid: 4.0602 | 12 Open: 4.0610 Close: 4.0386 Mid: 4.0562 | 13 |
14 | 15 Open: 4.0402 Close: 4.0485 Mid: 4.0411 | 16 Open: 4.0486 Close: 4.0561 Mid: 4.0524 | 17 Open: 4.0560 Close: 4.1189 Mid: 4.0869 | 18 Open: 4.1189 Close: 4.1019 Mid: 4.1138 | 19 Open: 4.1019 Close: 4.1000 Mid: 4.1130 | 20 |
21 | 22 Open: 4.1027 Close: 4.0807 Mid: 4.0946 | 23 Open: 4.0807 Close: 4.0686 Mid: 4.0726 | 24 Open: 4.0687 Close: 4.1225 Mid: 4.0977 | 25 Open: 4.1225 Close: 4.1587 Mid: 4.1494 | 26 Open: 4.1587 Close: 4.1386 Mid: 4.1581 | 27 |
28 | 29 Open: 4.1414 Close: 4.1943 Mid: 4.1810 | 30 Open: 4.1944 Close: 4.2462 Mid: 4.2181 | 31 Open: 4.2462 Close: 4.2835 Mid: 4.2747 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.2835 Close: 4.3445 Mid: 4.3310 | 2 Open: 4.3446 Close: 4.4303 Mid: 4.3894 | 3 | ||||
4 | 5 Open: 4.4271 Close: 4.4885 Mid: 4.4912 | 6 Open: 4.4886 Close: 4.5010 Mid: 4.4886 | 7 Open: 4.5011 Close: 4.3953 Mid: 4.4348 | 8 Open: 4.3954 Close: 4.3715 Mid: 4.3947 | 9 Open: 4.3714 Close: 4.3035 Mid: 4.3412 | 10 |
11 | 12 Open: 4.3056 Close: 4.3618 Mid: 4.3227 | 13 Open: 4.3618 Close: 4.3020 Mid: 4.3296 | 14 Open: 4.3019 Close: 4.3003 Mid: 4.3052 | 15 Open: 4.3002 Close: 4.2241 Mid: 4.2625 | 16 Open: 4.2241 Close: 4.2407 Mid: 4.2354 | 17 |
18 | 19 Open: 4.2425 Close: 4.3076 Mid: 4.2738 | 20 Open: 4.3077 Close: 4.3287 Mid: 4.3093 | 21 Open: 4.3287 Close: 4.3751 Mid: 4.3523 | 22 Open: 4.3751 Close: 4.3537 Mid: 4.3706 | 23 Open: 4.3537 Close: 4.3522 Mid: 4.3408 | 24 |
25 | 26 Open: 4.3495 Close: 4.3433 Mid: 4.3372 | 27 Open: 4.3434 Close: 4.3767 Mid: 4.3529 | 28 Open: 4.3766 Close: 4.3391 Mid: 4.3560 | 29 Open: 4.3392 Close: 4.3200 Mid: 4.3392 | 30 Open: 4.3200 Close: 4.2690 Mid: 4.2910 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 4.2691 Close: 4.2876 Mid: 4.2793 | 3 Open: 4.2876 Close: 4.3397 Mid: 4.3106 | 4 Open: 4.3398 Close: 4.3512 Mid: 4.3597 | 5 Open: 4.3513 Close: 4.3903 Mid: 4.3642 | 6 Open: 4.3903 Close: 4.4210 Mid: 4.4012 | 7 |
8 | 9 Open: 4.4202 Close: 4.4357 Mid: 4.4284 | 10 Open: 4.4355 Close: 4.4392 Mid: 4.4430 | 11 Open: 4.4390 Close: 4.4296 Mid: 4.4441 | 12 Open: 4.4297 Close: 4.3756 Mid: 4.3978 | 13 Open: 4.3754 Close: 4.3678 Mid: 4.3815 | 14 |
15 | 16 Open: 4.3756 Close: 4.4331 Mid: 4.4042 | 17 Open: 4.4331 Close: 4.4644 Mid: 4.4550 | 18 Open: 4.4643 Close: 4.4644 Mid: 4.4729 | 19 Open: 4.4644 Close: 4.4510 Mid: 4.4486 | 20 Open: 4.4511 Close: 4.4484 Mid: 4.4417 | 21 |
22 | 23 Open: 4.4498 Close: 4.4648 Mid: 4.4468 | 24 Open: 4.4648 Close: 4.4543 Mid: 4.4570 | 25 Open: 4.4543 Close: 4.3992 Mid: 4.4290 | 26 Open: 4.3992 Close: 4.3625 Mid: 4.3708 | 27 Open: 4.3626 Close: 4.4000 Mid: 4.3830 | 28 |
29 | 30 Open: 4.3928 Close: 4.3993 Mid: 4.4012 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.3993 Close: 4.4356 Mid: 4.4174 | 2 Open: 4.4356 Close: 4.4557 Mid: 4.4560 | 3 Open: 4.4557 Close: 4.4609 Mid: 4.4590 | 4 Open: 4.4610 Close: 4.4458 Mid: 4.4617 | 5 | ||
6 | 7 Open: 4.4410 Close: 4.4345 Mid: 4.4360 | 8 Open: 4.4345 Close: 4.3865 Mid: 4.4173 | 9 Open: 4.3865 Close: 4.3747 Mid: 4.3798 | 10 Open: 4.3748 Close: 4.4013 Mid: 4.3932 | 11 Open: 4.4011 Close: 4.3852 Mid: 4.3860 | 12 |
13 | 14 Open: 4.3842 Close: 4.3615 Mid: 4.3745 | 15 Open: 4.3615 Close: 4.3588 Mid: 4.3539 | 16 Open: 4.3590 Close: 4.3403 Mid: 4.3583 | 17 Open: 4.3405 Close: 4.3120 Mid: 4.3328 | 18 Open: 4.3121 Close: 4.2973 Mid: 4.2925 | 19 |
20 | 21 Open: 4.2965 Close: 4.3650 Mid: 4.3365 | 22 Open: 4.3651 Close: 4.3540 Mid: 4.3656 | 23 Open: 4.3540 Close: 4.3780 Mid: 4.3685 | 24 Open: 4.3780 Close: 4.3823 Mid: 4.3777 | 25 Open: 4.3823 Close: 4.3713 Mid: 4.3753 | 26 |
27 | 28 Open: 4.3664 Close: 4.3155 Mid: 4.3340 | 29 Open: 4.3154 Close: 4.2915 Mid: 4.3034 | 30 Open: 4.2915 Close: 4.2708 Mid: 4.2842 | 31 Open: 4.2708 Close: 4.3330 Mid: 4.3109 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.3331 Close: 4.3138 Mid: 4.3217 | 2 | |||||
3 | 4 Open: 4.3259 Close: 4.3391 Mid: 4.3388 | 5 Open: 4.3391 Close: 4.3398 Mid: 4.3406 | 6 Open: 4.3399 Close: 4.2642 Mid: 4.3028 | 7 Open: 4.2642 Close: 4.2644 Mid: 4.2612 | 8 Open: 4.2643 Close: 4.2821 Mid: 4.2772 | 9 |
10 | 11 Open: 4.2842 Close: 4.2560 Mid: 4.2607 | 12 Open: 4.2560 Close: 4.2632 Mid: 4.2566 | 13 Open: 4.2632 Close: 4.2384 Mid: 4.2495 | 14 Open: 4.2383 Close: 4.1997 Mid: 4.2173 | 15 Open: 4.1997 Close: 4.2198 Mid: 4.2162 | 16 |
17 | 18 Open: 4.2168 Close: 4.2341 Mid: 4.2173 | 19 Open: 4.2340 Close: 4.2419 Mid: 4.2381 | 20 Open: 4.2418 Close: 4.2258 Mid: 4.2267 | 21 Open: 4.2257 Close: 4.1876 Mid: 4.2117 | 22 Open: 4.1876 Close: 4.1401 Mid: 4.1723 | 23 |
24 | 25 Open: 4.1510 Close: 4.1077 Mid: 4.1308 | 26 Open: 4.1078 Close: 4.1109 Mid: 4.1121 | 27 Open: 4.1110 Close: 4.1508 Mid: 4.1348 | 28 Open: 4.1508 Close: 4.1348 Mid: 4.1359 | 29 Open: 4.1348 Close: 4.1272 Mid: 4.1361 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 4.1320 Close: 4.1180 Mid: 4.1069 | 3 Open: 4.1179 Close: 4.0887 Mid: 4.1026 | 4 Open: 4.0887 Close: 4.0870 Mid: 4.0773 | 5 Open: 4.0870 Close: 4.0959 Mid: 4.0900 | 6 Open: 4.0960 Close: 4.0770 Mid: 4.0886 | 7 |
8 | 9 Open: 4.0758 Close: 4.0562 Mid: 4.0541 | 10 Open: 4.0562 Close: 4.0656 Mid: 4.0623 | 11 Open: 4.0655 Close: 4.0498 Mid: 4.0553 | 12 Open: 4.0498 Close: 3.9984 Mid: 4.0242 | 13 Open: 3.9984 Close: 4.0377 Mid: 4.0206 | 14 |
15 | 16 Open: 4.0343 Close: 4.0122 Mid: 4.0311 | 17 Open: 4.0122 Close: 4.0254 Mid: 4.0152 | 18 Open: 4.0253 Close: 3.9805 Mid: 4.0033 | 19 Open: 3.9804 Close: 4.0599 Mid: 4.0276 | 20 Open: 4.0599 Close: 4.0898 Mid: 4.0837 | 21 |
22 | 23 Open: 4.0906 Close: 4.0769 Mid: 4.0751 | 24 Open: 4.0768 Close: 4.0507 Mid: 4.0674 | 25 Open: 4.0768 Close: 4.0507 Mid: 4.0674 | 26 Open: 4.0512 Close: 4.0571 Mid: 4.0553 | 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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