Best Swiss Franc / Malaysian Ringgit Exchange Rate Today: 4.9704
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 4.9555, and the most competitive travel money / cash rates start at approximately 4.9257.
Live rate: 1 CHF = 4.9704 MYR (-0.2% )
Inverted: 1 MYR = 0.2012 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 | 4.9704 | 0 | 4.9207 | |||
 | 4.9555 (indicative) | 0 | 4.9555 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 4.9356 (indicative) | 0 | 4.9356 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 4.9704 | 0.43% | 4.9490 | 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. | |
 | 4.9257 | 0 | 4.9257 | 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  | 4.8312 (upper range) | Variable | 4.8312 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 4.7964 (lower range) | Variable | 4.7964 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 4.7467 | 0 | 4.7467 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.4771 Close: 5.4622 Mid: 5.4849 | 2 Open: 5.4622 Close: 5.4194 Mid: 5.4330 | 3 Open: 5.4194 Close: 5.4157 Mid: 5.4217 | 4 Open: 5.4197 Close: 5.4510 Mid: 5.4299 | 5 Open: 5.4505 Close: 5.4585 Mid: 5.4564 | 6 | |
7 | 8 Open: 5.4654 Close: 5.4841 Mid: 5.4771 | 9 Open: 5.4859 Close: 5.4630 Mid: 5.4766 | 10 Open: 5.4634 Close: 5.4524 Mid: 5.4564 | 11 Open: 5.4529 Close: 5.4476 Mid: 5.4459 | 12 Open: 5.4481 Close: 5.4567 Mid: 5.4536 | 13 |
14 | 15 Open: 5.4626 Close: 5.4561 Mid: 5.4576 | 16 Open: 5.4557 Close: 5.3950 Mid: 5.4287 | 17 Open: 5.3990 Close: 5.4565 Mid: 5.4248 | 18 Open: 5.4582 Close: 5.4246 Mid: 5.4427 | 19 Open: 5.4256 Close: 5.4141 Mid: 5.4268 | 20 |
21 | 22 Open: 5.4168 Close: 5.4347 Mid: 5.4239 | 23 Open: 5.4350 Close: 5.4191 Mid: 5.4382 | 24 Open: 5.4209 Close: 5.4855 Mid: 5.4516 | 25 Open: 5.4785 Close: 5.4573 Mid: 5.4680 | 26 Open: 5.4585 Close: 5.4857 Mid: 5.4680 | 27 |
28 | 29 Open: 5.4834 Close: 5.4800 Mid: 5.4841 | 30 Open: 5.4812 Close: 5.4770 Mid: 5.4869 | 31 Open: 5.4780 Close: 5.5034 Mid: 5.4948 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.5013 Close: 5.4889 Mid: 5.4978 | 2 Open: 5.4910 Close: 5.4515 Mid: 5.4843 | 3 | ||||
4 | 5 Open: 5.4516 Close: 7.1675 Mid: 6.3024 | 6 Open: 7.1308 Close: 5.4527 Mid: 6.2814 | 7 Open: 5.4545 Close: 5.4479 Mid: 5.4523 | 8 Open: 5.4479 Close: 5.4486 Mid: 5.4538 | 9 Open: 5.4499 Close: 5.4369 Mid: 5.4507 | 10 |
11 | 12 Open: 5.4347 Close: 5.4407 Mid: 5.4417 | 13 Open: 5.4398 Close: 5.3755 Mid: 5.4060 | 14 Open: 5.3768 Close: 5.3786 Mid: 5.3846 | 15 Open: 5.3803 Close: 5.4301 Mid: 5.4114 | 16 Open: 5.4295 Close: 5.4112 Mid: 5.4210 | 17 |
18 | 19 Open: 5.4179 Close: 5.4210 Mid: 5.4161 | 20 Open: 5.4214 Close: 5.4318 Mid: 5.4274 | 21 Open: 5.4322 Close: 5.4488 Mid: 5.4449 | 22 Open: 5.4482 Close: 5.4358 Mid: 5.4450 | 23 Open: 5.4364 Close: 5.4236 Mid: 5.4251 | 24 |
25 | 26 Open: 5.4214 Close: 5.4263 Mid: 5.4246 | 27 Open: 5.4270 Close: 5.4367 Mid: 5.4281 | 28 Open: 5.4354 Close: 5.4183 Mid: 5.4263 | 29 Open: 5.4193 Close: 5.3725 Mid: 5.3993 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.3722 Close: 5.3538 Mid: 5.3526 | 2 | |||||
3 | 4 Open: 5.3476 Close: 5.3335 Mid: 5.3436 | 5 Open: 5.3338 Close: 5.3436 Mid: 5.3361 | 6 Open: 5.3453 Close: 5.3715 Mid: 5.3504 | 7 Open: 5.3697 Close: 5.3846 Mid: 5.3625 | 8 Open: 5.3810 Close: 5.3470 Mid: 5.3554 | 9 |
10 | 11 Open: 5.3471 Close: 5.3421 Mid: 5.3450 | 12 Open: 5.3414 Close: 5.3312 Mid: 5.3407 | 13 Open: 5.3313 Close: 5.3248 Mid: 5.3318 | 14 Open: 5.3251 Close: 5.2997 Mid: 5.3168 | 15 Open: 5.3003 Close: 5.6305 Mid: 5.4691 | 16 |
17 | 18 Open: 5.6266 Close: 5.2989 Mid: 5.4624 | 19 Open: 5.3001 Close: 5.3191 Mid: 5.3207 | 20 Open: 5.3288 Close: 5.3029 Mid: 5.3170 | 21 Open: 5.3039 Close: 5.2995 Mid: 5.2860 | 22 Open: 5.2977 Close: 5.2848 Mid: 5.2893 | 23 |
24 | 25 Open: 5.2807 Close: 5.2731 Mid: 5.2737 | 26 Open: 5.2527 Close: 5.2272 Mid: 5.2375 | 27 Open: 5.2270 Close: 5.2173 Mid: 5.2211 | 28 Open: 5.2182 Close: 5.2556 Mid: 5.2353 | 29 Open: 5.2554 Close: 5.2421 Mid: 5.2490 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2372 Close: 5.2335 Mid: 5.2357 | 2 Open: 5.2336 Close: 5.2036 Mid: 5.2259 | 3 Open: 5.2053 Close: 5.2596 Mid: 5.2311 | 4 Open: 5.2586 Close: 5.2746 Mid: 5.2504 | 5 Open: 5.2734 Close: 5.2621 Mid: 5.2670 | 6 | |
7 | 8 Open: 5.2718 Close: 5.2406 Mid: 5.2547 | 9 Open: 5.2414 Close: 5.2555 Mid: 5.2501 | 10 Open: 5.2553 Close: 5.1964 Mid: 5.2234 | 11 Open: 5.1967 Close: 5.2078 Mid: 5.1990 | 12 Open: 5.2101 Close: 5.2174 Mid: 5.2320 | 13 |
14 | 15 Open: 5.2325 Close: 5.2443 Mid: 5.2245 | 16 Open: 5.2445 Close: 5.2227 Mid: 5.2315 | 17 Open: 5.2236 Close: 5.2544 Mid: 5.2382 | 18 Open: 5.2550 Close: 5.2619 Mid: 5.2573 | 19 Open: 5.2606 Close: 5.2672 Mid: 5.2841 | 20 |
21 | 22 Open: 5.2708 Close: 5.2434 Mid: 5.2590 | 23 Open: 5.2436 Close: 5.2328 Mid: 5.2391 | 24 Open: 5.2332 Close: 5.2173 Mid: 5.2265 | 25 Open: 5.2181 Close: 5.2295 Mid: 5.2237 | 26 Open: 5.2298 Close: 5.2277 Mid: 5.2357 | 27 |
28 | 29 Open: 5.2354 Close: 5.2417 Mid: 5.2364 | 30 Open: 5.2412 Close: 5.1999 Mid: 5.2216 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.1987 Close: 5.2122 Mid: 5.2015 | 2 Open: 5.2123 Close: 5.2322 Mid: 5.2241 | 3 Open: 5.2316 Close: 5.2493 Mid: 5.2356 | 4 | |||
5 | 6 Open: 5.2427 Close: 5.2312 Mid: 5.2355 | 7 Open: 5.2311 Close: 5.2346 Mid: 5.2306 | 8 Open: 5.2333 Close: 5.2231 Mid: 5.2307 | 9 Open: 5.2229 Close: 5.2333 Mid: 5.2270 | 10 Open: 5.2328 Close: 5.2270 Mid: 5.2252 | 11 |
12 | 13 Open: 5.2298 Close: 5.2144 Mid: 5.2222 | 14 Open: 5.2140 Close: 5.2168 Mid: 5.2116 | 15 Open: 5.2150 Close: 5.2246 Mid: 5.2126 | 16 Open: 5.2219 Close: 5.1939 Mid: 5.2064 | 17 Open: 5.1924 Close: 5.1543 Mid: 5.1650 | 18 |
19 | 20 Open: 5.1574 Close: 5.1499 Mid: 5.1537 | 21 Open: 5.1495 Close: 5.1463 Mid: 5.1513 | 22 Open: 5.1467 Close: 5.1291 Mid: 5.1372 | 23 Open: 5.1303 Close: 5.1404 Mid: 5.1457 | 24 Open: 5.1414 Close: 5.1429 Mid: 5.1428 | 25 |
26 | 27 Open: 5.1471 Close: 5.1353 Mid: 5.1411 | 28 Open: 5.1358 Close: 5.1486 Mid: 5.1460 | 29 Open: 5.1484 Close: 5.1473 Mid: 5.1474 | 30 Open: 5.1480 Close: 5.2119 Mid: 5.1785 | 31 Open: 5.2116 Close: 5.2090 Mid: 5.2071 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 5.2084 Close: 5.2479 Mid: 5.2354 | 4 Open: 5.2470 Close: 5.2899 Mid: 5.2650 | 5 Open: 5.2892 Close: 5.2543 Mid: 5.2720 | 6 Open: 5.2551 Close: 5.2835 Mid: 5.2687 | 7 Open: 5.2833 Close: 5.2357 Mid: 5.2564 | 8 |
9 | 10 Open: 5.2388 Close: 5.2474 Mid: 5.2455 | 11 Open: 5.2487 Close: 5.2527 Mid: 5.2546 | 12 Open: 5.2529 Close: 5.2934 Mid: 5.2761 | 13 Open: 5.2910 Close: 5.2794 Mid: 5.2850 | 14 Open: 5.2786 Close: 5.2863 Mid: 5.2856 | 15 |
16 | 17 Open: 5.2793 Close: 5.2841 Mid: 5.2846 | 18 Open: 5.2856 Close: 5.3324 Mid: 5.3113 | 19 Open: 5.3317 Close: 5.3286 Mid: 5.3247 | 20 Open: 5.3284 Close: 5.2827 Mid: 5.3035 | 21 Open: 5.2834 Close: 5.2646 Mid: 5.2810 | 22 |
23 | 24 Open: 5.2718 Close: 5.2737 Mid: 5.2698 | 25 Open: 5.2739 Close: 5.2601 Mid: 5.2691 | 26 Open: 5.2601 Close: 5.2438 Mid: 5.2488 | 27 Open: 5.2444 Close: 5.2448 Mid: 5.2454 | 28 Open: 5.2454 Close: 5.2467 Mid: 5.2432 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2623 Close: 5.2269 Mid: 5.2396 | 2 Open: 5.2263 Close: 5.2003 Mid: 5.2158 | 3 Open: 5.2016 Close: 5.2340 Mid: 5.2162 | 4 Open: 5.2338 Close: 5.2309 Mid: 5.2274 | 5 Open: 5.2308 Close: 5.2640 Mid: 5.2424 | 6 | |
7 | 8 Open: 5.2682 Close: 5.2539 Mid: 5.2603 | 9 Open: 5.2508 Close: 5.2555 Mid: 5.2510 | 10 Open: 5.2547 Close: 5.2317 Mid: 5.2394 | 11 Open: 5.2309 Close: 5.2394 Mid: 5.2353 | 12 Open: 5.2389 Close: 5.2463 Mid: 5.2318 | 13 |
14 | 15 Open: 5.2530 Close: 5.2278 Mid: 5.2339 | 16 Open: 5.2272 Close: 5.2326 Mid: 5.2285 | 17 Open: 5.2325 Close: 5.2868 Mid: 5.2571 | 18 Open: 5.2859 Close: 5.2793 Mid: 5.2857 | 19 Open: 5.2782 Close: 5.2718 Mid: 5.2746 | 20 |
21 | 22 Open: 5.2742 Close: 5.2581 Mid: 5.2695 | 23 Open: 5.2584 Close: 5.2500 Mid: 5.2554 | 24 Open: 5.2499 Close: 5.2839 Mid: 5.2672 | 25 Open: 5.2830 Close: 5.3119 Mid: 5.3023 | 26 Open: 5.3108 Close: 5.2701 Mid: 5.2914 | 27 |
28 | 29 Open: 5.2757 Close: 5.2390 Mid: 5.2618 | 30 Open: 5.2383 Close: 5.2584 Mid: 5.2439 | 31 Open: 5.2562 Close: 5.2540 Mid: 5.2494 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.2507 Close: 5.2857 Mid: 5.2570 | 2 Open: 5.2812 Close: 5.3267 Mid: 5.2570 | 3 | ||||
4 | 5 Open: 5.3143 Close: 5.2679 Mid: 5.2972 | 6 Open: 5.2651 Close: 5.2085 Mid: 5.2268 | 7 Open: 5.2113 Close: 5.2083 Mid: 5.1911 | 8 Open: 5.2079 Close: 5.1436 Mid: 5.1927 | 9 Open: 5.1453 Close: 5.1767 Mid: 5.1599 | 10 |
11 | 12 Open: 5.1714 Close: 5.1165 Mid: 5.1279 | 13 Open: 5.1183 Close: 5.1236 Mid: 5.1202 | 14 Open: 5.1235 Close: 5.1547 Mid: 5.1404 | 15 Open: 5.1517 Close: 5.0683 Mid: 5.1098 | 16 Open: 5.0694 Close: 5.1037 Mid: 5.0932 | 17 |
18 | 19 Open: 5.1119 Close: 5.1006 Mid: 5.0860 | 20 Open: 5.0981 Close: 5.1282 Mid: 5.0981 | 21 Open: 5.1272 Close: 5.1282 Mid: 5.1247 | 22 Open: 5.1284 Close: 5.1369 Mid: 5.1400 | 23 Open: 5.1381 Close: 5.1555 Mid: 5.1454 | 24 |
25 | 26 Open: 5.1570 Close: 5.1658 Mid: 5.1490 | 27 Open: 5.1638 Close: 5.1571 Mid: 5.1503 | 28 Open: 5.1574 Close: 5.1701 Mid: 5.1673 | 29 Open: 5.1694 Close: 5.0860 Mid: 5.1263 | 30 Open: 5.0865 Close: 5.1023 Mid: 5.0894 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.1011 Close: 5.1027 Mid: 5.0987 | 3 Open: 5.1033 Close: 5.1274 Mid: 5.1344 | 4 Open: 5.1276 Close: 5.1455 Mid: 5.1252 | 5 Open: 5.1441 Close: 5.1269 Mid: 5.1237 | 6 Open: 5.1275 Close: 5.1423 Mid: 5.1343 | 7 |
8 | 9 Open: 5.1432 Close: 5.1629 Mid: 5.1501 | 10 Open: 5.1617 Close: 5.1516 Mid: 5.1503 | 11 Open: 5.1493 Close: 5.0891 Mid: 5.1295 | 12 Open: 5.0890 Close: 5.0920 Mid: 5.0888 | 13 Open: 5.0918 Close: 5.1100 Mid: 5.0973 | 14 |
15 | 16 Open: 5.1158 Close: 5.1060 Mid: 5.1107 | 17 Open: 5.1048 Close: 5.0780 Mid: 5.0858 | 18 Open: 5.0748 Close: 5.0331 Mid: 5.0409 | 19 Open: 5.0314 Close: 4.9961 Mid: 5.0029 | 20 Open: 4.9941 Close: 4.9322 Mid: 4.9547 | 21 |
22 | 23 Open: 4.9346 Close: 4.9714 Mid: 4.9564 | 24 Open: 4.9707 Close: 4.9755 Mid: 4.9376 | 25 Open: 4.9713 Close: 4.8865 Mid: 4.9250 | 26 Open: 4.8861 Close: 4.8732 Mid: 4.8728 | 27 Open: 4.8728 Close: 4.9290 Mid: 4.8913 | 28 |
29 | 30 Open: 4.9187 Close: 4.8795 Mid: 4.8872 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 4.8794 Close: 4.8710 Mid: 4.8983 | 2 Open: 4.8745 Close: 4.9030 Mid: 4.8992 | 3 Open: 4.9056 Close: 4.9311 Mid: 4.9560 | 4 Open: 4.9325 Close: 4.9143 Mid: 4.9371 | 5 | ||
6 | 7 Open: 4.9156 Close: 4.9340 Mid: 4.9619 | 8 Open: 4.9393 Close: 5.0000 Mid: 4.9729 | 9 Open: 4.9992 Close: 4.9828 Mid: 4.9981 | 10 Open: 4.9832 Close: 3.2459 Mid: 4.1204 | 11 Open: 3.2846 Close: 5.0084 Mid: 4.1428 | 12 |
13 | 14 Open: 5.0055 Close: 4.9801 Mid: 4.9886 | 15 Open: 4.9800 Close: 4.9811 Mid: 4.9881 | 16 Open: 4.9978 Close: 4.9851 Mid: 4.9903 | 17 Open: 4.9836 Close: 4.9564 Mid: 4.9707 | 18 Open: 4.9582 Close: 4.9827 Mid: 4.9637 | 19 |
20 | 21 Open: 4.9825 Close: 4.9695 Mid: 4.9767 | 22 Open: 4.9694 Close: 4.9907 Mid: 4.9902 | 23 Open: 4.9913 Close: 5.0060 Mid: 5.0078 | 24 Open: 5.0069 Close: 5.0213 Mid: 5.0129 | 25 Open: 5.0207 Close: 5.0125 Mid: 5.0123 | 26 |
27 | 28 Open: 5.0037 Close: 5.0303 Mid: 5.0195 | 29 Open: 5.0313 Close: 5.0256 Mid: 5.0290 | 30 Open: 5.0263 Close: 5.0597 Mid: 5.0544 | 31 Open: 5.0589 Close: 5.0606 Mid: 5.0625 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 5.0609 Close: 5.0478 Mid: 5.0450 | 2 | |||||
3 | 4 Open: 5.0442 Close: 5.0656 Mid: 5.0605 | 5 Open: 5.0656 Close: 5.2760 Mid: 5.1716 | 6 Open: 5.2661 Close: 4.9533 Mid: 5.1143 | 7 Open: 4.9582 Close: 5.0506 Mid: 5.0025 | 8 Open: 5.0495 Close: 5.0346 Mid: 5.0432 | 9 |
10 | 11 Open: 5.0411 Close: 5.0059 Mid: 5.0223 | 12 Open: 5.0063 Close: 4.9839 Mid: 5.0031 | 13 Open: 4.9871 Close: 5.0325 Mid: 5.0187 | 14 Open: 5.0329 Close: 5.0136 Mid: 5.0356 | 15 Open: 5.0152 Close: 5.0525 Mid: 5.0441 | 16 |
17 | 18 Open: 5.0471 Close: 5.0609 Mid: 5.0478 | 19 Open: 5.0618 Close: 5.0755 Mid: 5.0737 | 20 Open: 5.0750 Close: 5.0524 Mid: 5.0545 | 21 Open: 5.0530 Close: 5.0598 Mid: 5.0597 | 22 Open: 5.0587 Close: 4.9917 Mid: 5.0352 | 23 |
24 | 25 Open: 4.9887 Close: 5.0389 Mid: 5.0138 | 26 Open: 5.0375 Close: 5.0094 Mid: 5.0235 | 27 Open: 5.0107 Close: 5.0055 Mid: 5.0166 | 28 Open: 5.0070 Close: 5.0221 Mid: 5.0160 | 29 Open: 5.0229 Close: 5.0402 Mid: 5.0388 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 5.0443 Close: 5.0062 Mid: 5.0225 | 3 Open: 5.0082 Close: 5.0407 Mid: 5.0300 | 4 Open: 5.0409 Close: 5.0322 Mid: 5.0324 | 5 Open: 5.0308 Close: 5.0649 Mid: 5.0266 | 6 Open: 5.0624 Close: 5.0391 Mid: 5.0527 | 7 |
8 | 9 Open: 5.0392 Close: 5.0443 Mid: 5.0303 | 10 Open: 5.0439 Close: 5.0038 Mid: 5.0260 | 11 Open: 5.0049 Close: 5.0096 Mid: 5.0144 | 12 Open: 5.0101 Close: 5.0118 Mid: 5.0061 | 13 Open: 5.0093 Close: 4.9925 Mid: 5.0014 | 14 |
15 | 16 Open: 4.9907 Close: 4.9599 Mid: 4.9785 | 17 Open: 4.9615 Close: 4.9749 Mid: 4.9602 | 18 Open: 4.9766 Close: 5.0047 Mid: 4.9908 | 19 Open: 5.0013 Close: 5.0521 Mid: 5.0178 | 20 Open: 5.0493 Close: 5.0340 Mid: 5.0492 | 21 |
22 | 23 Open: 5.0361 Close: 5.0119 Mid: 5.0262 | 24 Open: 5.0108 Close: 4.9760 Mid: 4.9896 | 25 Open: 5.0108 Close: 4.9760 Mid: 4.9896 | 26 Open: 4.9765 Close: 4.9670 Mid: 4.9727 | 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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