Best Swiss Franc / New Zealand Dollar Exchange Rate Today: 1.9692
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 1.9633, and the most competitive travel money / cash rates start at approximately 1.9515.
Live rate: 1 CHF = 1.9692 NZD (+0.23% )
Inverted: 1 NZD = 0.5078 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 | 1.9692 | 0 | 1.9495 | |||
 | 1.9633 (indicative) | 0 | 1.9633 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 1.9554 (indicative) | 0 | 1.9554 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 1.9692 | 0.39% | 1.9615 | 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. | |
 | 1.9515 | 0 | 1.9515 | 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  | 1.9141 (upper range) | Variable | 1.9141 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 1.9003 (lower range) | Variable | 1.9003 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 1.8806 | 0 | 1.8806 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8806 Close: 1.8806 Mid: 1.8806 | 2 Open: 1.8807 Close: 1.8812 Mid: 1.8784 | 3 Open: 1.8813 Close: 1.8852 Mid: 1.8793 | 4 Open: 1.8852 Close: 1.8868 Mid: 1.8813 | 5 Open: 1.8863 Close: 1.8831 Mid: 1.8864 | 6 | |
7 | 8 Open: 1.8858 Close: 1.8862 Mid: 1.8873 | 9 Open: 1.8865 Close: 1.8798 Mid: 1.8848 | 10 Open: 1.8803 Close: 1.8871 Mid: 1.8834 | 11 Open: 1.8874 Close: 1.8831 Mid: 1.8813 | 12 Open: 1.8831 Close: 1.8794 Mid: 1.8788 | 13 |
14 | 15 Open: 1.8800 Close: 1.8850 Mid: 1.8836 | 16 Open: 1.8845 Close: 1.8908 Mid: 1.8886 | 17 Open: 1.8908 Close: 1.8918 Mid: 1.8908 | 18 Open: 1.8912 Close: 1.8833 Mid: 1.8865 | 19 Open: 1.8835 Close: 1.8834 Mid: 1.8851 | 20 |
21 | 22 Open: 1.8831 Close: 1.8937 Mid: 1.8862 | 23 Open: 1.8935 Close: 1.8830 Mid: 1.8894 | 24 Open: 1.8830 Close: 1.8963 Mid: 1.8879 | 25 Open: 1.8966 Close: 1.8874 Mid: 1.8901 | 26 Open: 1.8875 Close: 1.9001 Mid: 1.8939 | 27 |
28 | 29 Open: 1.8955 Close: 1.8931 Mid: 1.8959 | 30 Open: 1.8932 Close: 1.8909 Mid: 1.8918 | 31 Open: 1.8913 Close: 1.8983 Mid: 1.8936 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8978 Close: 1.8972 Mid: 1.8999 | 2 Open: 1.8974 Close: 1.9021 Mid: 1.8997 | 3 | ||||
4 | 5 Open: 1.9005 Close: 1.8970 Mid: 1.8987 | 6 Open: 1.8969 Close: 1.8858 Mid: 1.8922 | 7 Open: 1.8856 Close: 1.8703 Mid: 1.8789 | 8 Open: 1.8703 Close: 1.8774 Mid: 1.8759 | 9 Open: 1.8771 Close: 1.8585 Mid: 1.8663 | 10 |
11 | 12 Open: 1.8614 Close: 1.8629 Mid: 1.8628 | 13 Open: 1.8628 Close: 1.8602 Mid: 1.8625 | 14 Open: 1.8600 Close: 1.8551 Mid: 1.8588 | 15 Open: 1.8550 Close: 1.8609 Mid: 1.8564 | 16 Open: 1.8611 Close: 1.8531 Mid: 1.8585 | 17 |
18 | 19 Open: 1.8549 Close: 1.8427 Mid: 1.8483 | 20 Open: 1.8427 Close: 1.8390 Mid: 1.8398 | 21 Open: 1.8394 Close: 1.8396 Mid: 1.8379 | 22 Open: 1.8395 Close: 1.8328 Mid: 1.8360 | 23 Open: 1.8339 Close: 1.8309 Mid: 1.8323 | 24 |
25 | 26 Open: 1.8338 Close: 1.8408 Mid: 1.8379 | 27 Open: 1.8409 Close: 1.8447 Mid: 1.8438 | 28 Open: 1.8446 Close: 1.8662 Mid: 1.8558 | 29 Open: 1.8660 Close: 1.8572 Mid: 1.8647 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8571 Close: 1.8543 Mid: 1.8519 | 2 | |||||
3 | 4 Open: 1.8527 Close: 1.8542 Mid: 1.8540 | 5 Open: 1.8542 Close: 1.8603 Mid: 1.8561 | 6 Open: 1.8597 Close: 1.8496 Mid: 1.8534 | 7 Open: 1.8496 Close: 1.8455 Mid: 1.8458 | 8 Open: 1.8455 Close: 1.8445 Mid: 1.8447 | 9 |
10 | 11 Open: 1.8451 Close: 1.8471 Mid: 1.8464 | 12 Open: 1.8471 Close: 1.8533 Mid: 1.8493 | 13 Open: 1.8533 Close: 1.8480 Mid: 1.8497 | 14 Open: 1.8479 Close: 1.8458 Mid: 1.8451 | 15 Open: 1.8458 Close: 1.8599 Mid: 1.8530 | 16 |
17 | 18 Open: 1.8603 Close: 1.8508 Mid: 1.8549 | 19 Open: 1.8508 Close: 1.8606 Mid: 1.8598 | 20 Open: 1.8606 Close: 1.8543 Mid: 1.8582 | 21 Open: 1.8543 Close: 1.8435 Mid: 1.8454 | 22 Open: 1.8435 Close: 1.8595 Mid: 1.8506 | 23 |
24 | 25 Open: 1.8544 Close: 1.8521 Mid: 1.8550 | 26 Open: 1.8520 Close: 1.8424 Mid: 1.8456 | 27 Open: 1.8424 Close: 1.8429 Mid: 1.8412 | 28 Open: 1.8429 Close: 1.8568 Mid: 1.8504 | 29 Open: 1.8568 Close: 1.8548 Mid: 1.8554 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8538 Close: 1.8574 Mid: 1.8563 | 2 Open: 1.8574 Close: 1.8444 Mid: 1.8517 | 3 Open: 1.8444 Close: 1.8431 Mid: 1.8450 | 4 Open: 1.8431 Close: 1.8412 Mid: 1.8369 | 5 Open: 1.8412 Close: 1.8438 Mid: 1.8428 | 6 | |
7 | 8 Open: 1.8469 Close: 1.8310 Mid: 1.8379 | 9 Open: 1.8310 Close: 1.8264 Mid: 1.8285 | 10 Open: 1.8264 Close: 1.8335 Mid: 1.8269 | 11 Open: 1.8335 Close: 1.8324 Mid: 1.8306 | 12 Open: 1.8324 Close: 1.8422 Mid: 1.8405 | 13 |
14 | 15 Open: 1.8452 Close: 1.8581 Mid: 1.8467 | 16 Open: 1.8581 Close: 1.8626 Mid: 1.8608 | 17 Open: 1.8626 Close: 1.8556 Mid: 1.8602 | 18 Open: 1.8556 Close: 1.8570 Mid: 1.8559 | 19 Open: 1.8570 Close: 1.8653 Mid: 1.8722 | 20 |
21 | 22 Open: 1.8663 Close: 1.8522 Mid: 1.8597 | 23 Open: 1.8523 Close: 1.8484 Mid: 1.8505 | 24 Open: 1.8484 Close: 1.8407 Mid: 1.8428 | 25 Open: 1.8408 Close: 1.8429 Mid: 1.8410 | 26 Open: 1.8429 Close: 1.8409 Mid: 1.8410 | 27 |
28 | 29 Open: 1.8403 Close: 1.8374 Mid: 1.8379 | 30 Open: 1.8374 Close: 1.8473 Mid: 1.8425 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8473 Close: 1.8418 Mid: 1.8444 | 2 Open: 1.8418 Close: 1.8419 Mid: 1.8437 | 3 Open: 1.8420 Close: 1.8384 Mid: 1.8400 | 4 | |||
5 | 6 Open: 1.8356 Close: 1.8358 Mid: 1.8365 | 7 Open: 1.8358 Close: 1.8341 Mid: 1.8345 | 8 Open: 1.8341 Close: 1.8343 Mid: 1.8363 | 9 Open: 1.8344 Close: 1.8290 Mid: 1.8333 | 10 Open: 1.8290 Close: 1.8327 Mid: 1.8302 | 11 |
12 | 13 Open: 1.8338 Close: 1.8298 Mid: 1.8313 | 14 Open: 1.8298 Close: 1.8259 Mid: 1.8291 | 15 Open: 1.8259 Close: 1.8105 Mid: 1.8188 | 16 Open: 1.8105 Close: 1.8027 Mid: 1.8096 | 17 Open: 1.8027 Close: 1.7930 Mid: 1.7989 | 18 |
19 | 20 Open: 1.7935 Close: 1.7987 Mid: 1.7967 | 21 Open: 1.7987 Close: 1.8020 Mid: 1.8005 | 22 Open: 1.8020 Close: 1.7912 Mid: 1.7901 | 23 Open: 1.7912 Close: 1.7932 Mid: 1.7905 | 24 Open: 1.7932 Close: 1.7860 Mid: 1.7904 | 25 |
26 | 27 Open: 1.7874 Close: 1.7797 Mid: 1.7828 | 28 Open: 1.7797 Close: 1.7846 Mid: 1.7817 | 29 Open: 1.7846 Close: 1.7908 Mid: 1.7878 | 30 Open: 1.7908 Close: 1.8105 Mid: 1.8007 | 31 Open: 1.8105 Close: 1.8038 Mid: 1.8048 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 1.8038 Close: 1.8029 Mid: 1.8052 | 4 Open: 1.8029 Close: 1.8185 Mid: 1.8116 | 5 Open: 1.8185 Close: 1.8073 Mid: 1.8124 | 6 Open: 1.8073 Close: 1.8136 Mid: 1.8110 | 7 Open: 1.8136 Close: 1.8276 Mid: 1.8194 | 8 |
9 | 10 Open: 1.8282 Close: 1.8201 Mid: 1.8260 | 11 Open: 1.8201 Close: 1.8130 Mid: 1.8194 | 12 Open: 1.8130 Close: 1.8076 Mid: 1.8106 | 13 Open: 1.8076 Close: 1.8138 Mid: 1.8110 | 14 Open: 1.8138 Close: 1.8292 Mid: 1.8252 | 15 |
16 | 17 Open: 1.8291 Close: 1.8336 Mid: 1.8323 | 18 Open: 1.8335 Close: 1.8408 Mid: 1.8403 | 19 Open: 1.8407 Close: 1.8438 Mid: 1.8417 | 20 Open: 1.8438 Close: 1.8332 Mid: 1.8380 | 21 Open: 1.8332 Close: 1.8276 Mid: 1.8301 | 22 |
23 | 24 Open: 1.8300 Close: 1.8285 Mid: 1.8279 | 25 Open: 1.8285 Close: 1.8258 Mid: 1.8287 | 26 Open: 1.8258 Close: 1.8320 Mid: 1.8285 | 27 Open: 1.8320 Close: 1.8293 Mid: 1.8298 | 28 Open: 1.8293 Close: 1.8268 Mid: 1.8285 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8268 Close: 1.8232 Mid: 1.8241 | 2 Open: 1.8232 Close: 1.8202 Mid: 1.8228 | 3 Open: 1.8201 Close: 1.8175 Mid: 1.8198 | 4 Open: 1.8176 Close: 1.8162 Mid: 1.8146 | 5 Open: 1.8162 Close: 1.8168 Mid: 1.8168 | 6 | |
7 | 8 Open: 1.8179 Close: 1.8187 Mid: 1.8180 | 9 Open: 1.8187 Close: 1.8184 Mid: 1.8199 | 10 Open: 1.8184 Close: 1.8277 Mid: 1.8233 | 11 Open: 1.8278 Close: 1.8301 Mid: 1.8296 | 12 Open: 1.8301 Close: 1.8273 Mid: 1.8287 | 13 |
14 | 15 Open: 1.8293 Close: 1.8378 Mid: 1.8327 | 16 Open: 1.8378 Close: 1.8498 Mid: 1.8429 | 17 Open: 1.8498 Close: 1.8610 Mid: 1.8533 | 18 Open: 1.8610 Close: 1.8634 Mid: 1.8635 | 19 Open: 1.8635 Close: 1.8721 Mid: 1.8675 | 20 |
21 | 22 Open: 1.8723 Close: 1.8803 Mid: 1.8761 | 23 Open: 1.8802 Close: 1.8835 Mid: 1.8824 | 24 Open: 1.8835 Close: 1.9050 Mid: 1.8960 | 25 Open: 1.9051 Close: 1.9265 Mid: 1.9189 | 26 Open: 1.9265 Close: 1.9219 Mid: 1.9233 | 27 |
28 | 29 Open: 1.9209 Close: 1.9206 Mid: 1.9217 | 30 Open: 1.9206 Close: 1.9191 Mid: 1.9193 | 31 Open: 1.9191 Close: 1.9138 Mid: 1.9176 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.9138 Close: 1.9254 Mid: 1.9202 | 2 Open: 1.9254 Close: 1.9567 Mid: 1.9388 | 3 | ||||
4 | 5 Open: 1.9549 Close: 1.9749 Mid: 1.9855 | 6 Open: 1.9749 Close: 1.9727 Mid: 1.9720 | 7 Open: 1.9728 Close: 1.9360 Mid: 1.9452 | 8 Open: 1.9360 Close: 1.9187 Mid: 1.9343 | 9 Open: 1.9188 Close: 1.9267 Mid: 1.9222 | 10 |
11 | 12 Open: 1.9274 Close: 1.9206 Mid: 1.9158 | 13 Open: 1.9205 Close: 1.9024 Mid: 1.9112 | 14 Open: 1.9024 Close: 1.9274 Mid: 1.9170 | 15 Open: 1.9274 Close: 1.9150 Mid: 1.9201 | 16 Open: 1.9150 Close: 1.9072 Mid: 1.9141 | 17 |
18 | 19 Open: 1.9124 Close: 1.8958 Mid: 1.9039 | 20 Open: 1.8958 Close: 1.9028 Mid: 1.8988 | 21 Open: 1.9028 Close: 1.9069 Mid: 1.9046 | 22 Open: 1.9069 Close: 1.9112 Mid: 1.9113 | 23 Open: 1.9113 Close: 1.8920 Mid: 1.9021 | 24 |
25 | 26 Open: 1.8938 Close: 1.9023 Mid: 1.8998 | 27 Open: 1.9023 Close: 1.9003 Mid: 1.8996 | 28 Open: 1.9003 Close: 1.9013 Mid: 1.9026 | 29 Open: 1.9013 Close: 1.8858 Mid: 1.8910 | 30 Open: 1.8858 Close: 1.8824 Mid: 1.8827 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 1.8835 Close: 1.8844 Mid: 1.8837 | 3 Open: 1.8844 Close: 1.9006 Mid: 1.8926 | 4 Open: 1.9006 Close: 1.9055 Mid: 1.9030 | 5 Open: 1.9055 Close: 1.9037 Mid: 1.9039 | 6 Open: 1.9036 Close: 1.9211 Mid: 1.9104 | 7 |
8 | 9 Open: 1.9200 Close: 1.9161 Mid: 1.9192 | 10 Open: 1.9161 Close: 1.9199 Mid: 1.9181 | 11 Open: 1.9199 Close: 1.9119 Mid: 1.9226 | 12 Open: 1.9119 Close: 1.9000 Mid: 1.9070 | 13 Open: 1.9001 Close: 1.9126 Mid: 1.9101 | 14 |
15 | 16 Open: 1.9117 Close: 1.9088 Mid: 1.9122 | 17 Open: 1.9088 Close: 1.9086 Mid: 1.9107 | 18 Open: 1.9086 Close: 1.9032 Mid: 1.9055 | 19 Open: 1.9031 Close: 1.8905 Mid: 1.8917 | 20 Open: 1.8905 Close: 1.8857 Mid: 1.8890 | 21 |
22 | 23 Open: 1.8841 Close: 1.8827 Mid: 1.8851 | 24 Open: 1.8827 Close: 1.8703 Mid: 1.8757 | 25 Open: 1.8704 Close: 1.8779 Mid: 1.8722 | 26 Open: 1.8779 Close: 1.8675 Mid: 1.8742 | 27 Open: 1.8675 Close: 1.8761 Mid: 1.8722 | 28 |
29 | 30 Open: 1.8753 Close: 1.8627 Mid: 1.8665 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.8627 Close: 1.8808 Mid: 1.8734 | 2 Open: 1.8808 Close: 1.8792 Mid: 1.8769 | 3 Open: 1.8792 Close: 1.8874 Mid: 1.8882 | 4 Open: 1.8874 Close: 1.8924 Mid: 1.8902 | 5 | ||
6 | 7 Open: 1.8902 Close: 1.9110 Mid: 1.9004 | 8 Open: 1.9110 Close: 1.9004 Mid: 1.9083 | 9 Open: 1.9004 Close: 1.9159 Mid: 1.9115 | 10 Open: 1.9159 Close: 1.9169 Mid: 1.9181 | 11 Open: 1.9169 Close: 1.9092 Mid: 1.9120 | 12 |
13 | 14 Open: 1.9141 Close: 1.9018 Mid: 1.9077 | 15 Open: 1.9019 Close: 1.9067 Mid: 1.9049 | 16 Open: 1.9067 Close: 1.9076 Mid: 1.9146 | 17 Open: 1.9076 Close: 1.9056 Mid: 1.9056 | 18 Open: 1.9056 Close: 1.9046 Mid: 1.9042 | 19 |
20 | 21 Open: 1.9027 Close: 1.9142 Mid: 1.9081 | 22 Open: 1.9142 Close: 1.9120 Mid: 1.9114 | 23 Open: 1.9120 Close: 1.9219 Mid: 1.9155 | 24 Open: 1.9219 Close: 1.9201 Mid: 1.9194 | 25 Open: 1.9201 Close: 1.9302 Mid: 1.9239 | 26 |
27 | 28 Open: 1.9273 Close: 1.9324 Mid: 1.9287 | 29 Open: 1.9323 Close: 1.9302 Mid: 1.9318 | 30 Open: 1.9302 Close: 1.9316 Mid: 1.9307 | 31 Open: 1.9316 Close: 1.9376 Mid: 1.9383 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.9376 Close: 1.9283 Mid: 1.9296 | 2 | |||||
3 | 4 Open: 1.9266 Close: 1.9374 Mid: 1.9314 | 5 Open: 1.9374 Close: 1.9287 Mid: 1.9323 | 6 Open: 1.9286 Close: 1.9208 Mid: 1.9256 | 7 Open: 1.9208 Close: 1.9024 Mid: 1.9110 | 8 Open: 1.9024 Close: 1.9135 Mid: 1.9115 | 9 |
10 | 11 Open: 1.9163 Close: 1.9034 Mid: 1.9110 | 12 Open: 1.9034 Close: 1.9139 Mid: 1.9083 | 13 Open: 1.9139 Close: 1.9194 Mid: 1.9154 | 14 Open: 1.9194 Close: 1.9201 Mid: 1.9192 | 15 Open: 1.9201 Close: 1.9192 Mid: 1.9217 | 16 |
17 | 18 Open: 1.9188 Close: 1.9215 Mid: 1.9251 | 19 Open: 1.9215 Close: 1.9167 Mid: 1.9244 | 20 Open: 1.9167 Close: 1.9244 Mid: 1.9186 | 21 Open: 1.9243 Close: 1.9246 Mid: 1.9272 | 22 Open: 1.9246 Close: 1.9169 Mid: 1.9264 | 23 |
24 | 25 Open: 1.9157 Close: 1.9302 Mid: 1.9230 | 26 Open: 1.9302 Close: 1.9334 Mid: 1.9333 | 27 Open: 1.9334 Close: 1.9235 Mid: 1.9247 | 28 Open: 1.9235 Close: 1.9231 Mid: 1.9222 | 29 Open: 1.9231 Close: 1.9160 Mid: 1.9193 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 1.9177 Close: 1.9158 Mid: 1.9170 | 3 Open: 1.9158 Close: 1.9182 Mid: 1.9189 | 4 Open: 1.9182 Close: 1.9326 Mid: 1.9263 | 5 Open: 1.9326 Close: 1.9337 Mid: 1.9312 | 6 Open: 1.9337 Close: 1.9516 Mid: 1.9436 | 7 |
8 | 9 Open: 1.9473 Close: 1.9404 Mid: 1.9456 | 10 Open: 1.9404 Close: 1.9530 Mid: 1.9474 | 11 Open: 1.9530 Close: 1.9552 Mid: 1.9573 | 12 Open: 1.9552 Close: 1.9426 Mid: 1.9462 | 13 Open: 1.9426 Close: 1.9438 Mid: 1.9364 | 14 |
15 | 16 Open: 1.9419 Close: 1.9335 Mid: 1.9388 | 17 Open: 1.9336 Close: 1.9469 Mid: 1.9363 | 18 Open: 1.9469 Close: 1.9735 Mid: 1.9582 | 19 Open: 1.9734 Close: 1.9761 Mid: 1.9741 | 20 Open: 1.9761 Close: 1.9801 Mid: 1.9807 | 21 |
22 | 23 Open: 1.9813 Close: 1.9702 Mid: 1.9768 | 24 Open: 1.9701 Close: 1.9648 Mid: 1.9687 | 25 Open: 1.9701 Close: 1.9648 Mid: 1.9687 | 26 Open: 1.9650 Close: 1.9665 Mid: 1.9681 | 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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