Best Swiss Franc / Omani Rial Exchange Rate Today: 0.4282
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.4269, and the most competitive travel money / cash rates start at approximately 0.4243.
Live rate: 1 CHF = 0.4282 OMR (+0.1403% )
Inverted: 1 OMR = 2.3354 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 | 0.4282 | 0 | 0.4239 | |||
 | 0.4269 (indicative) | 0 | 0.4269 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.4252 (indicative) | 0 | 0.4252 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.4282 | 0.91% | 0.4243 | 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. | |
 | 0.4243 | 0 | 0.4243 | 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  | 0.4162 (upper range) | Variable | 0.4162 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.4132 (lower range) | Variable | 0.4132 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.4089 | 0 | 0.4089 | International Payments and Transfers |
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4559 Close: 0.4578 Mid: 0.4582 | 2 Open: 0.4578 Close: 0.4530 Mid: 0.4547 | 3 Open: 0.4530 Close: 0.4527 Mid: 0.4520 | 4 Open: 0.4528 Close: 0.4530 Mid: 0.4525 | 5 Open: 0.4528 Close: 0.4525 Mid: 0.4523 | 6 | |
7 | 8 Open: 0.4520 Close: 0.4534 Mid: 0.4529 | 9 Open: 0.4536 Close: 0.4516 Mid: 0.4530 | 10 Open: 0.4516 Close: 0.4520 Mid: 0.4518 | 11 Open: 0.4521 Close: 0.4511 Mid: 0.4515 | 12 Open: 0.4511 Close: 0.4515 Mid: 0.4514 | 13 |
14 | 15 Open: 0.4520 Close: 0.4499 Mid: 0.4509 | 16 Open: 0.4499 Close: 0.4470 Mid: 0.4486 | 17 Open: 0.4469 Close: 0.4451 Mid: 0.4459 | 18 Open: 0.4452 Close: 0.4426 Mid: 0.4440 | 19 Open: 0.4428 Close: 0.4429 Mid: 0.4432 | 20 |
21 | 22 Open: 0.4430 Close: 0.4431 Mid: 0.4431 | 23 Open: 0.4431 Close: 0.4421 Mid: 0.4430 | 24 Open: 0.4421 Close: 0.4465 Mid: 0.4444 | 25 Open: 0.4465 Close: 0.4438 Mid: 0.4452 | 26 Open: 0.4439 Close: 0.4460 Mid: 0.4453 | 27 |
28 | 29 Open: 0.4459 Close: 0.4464 Mid: 0.4463 | 30 Open: 0.4465 Close: 0.4461 Mid: 0.4467 | 31 Open: 0.4462 Close: 0.4473 Mid: 0.4473 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4472 Close: 0.4478 Mid: 0.4471 | 2 Open: 0.4479 Close: 0.4449 Mid: 0.4472 | 3 | ||||
4 | 5 Open: 0.4450 Close: 0.4424 Mid: 0.4435 | 6 Open: 0.4424 Close: 0.4419 Mid: 0.4417 | 7 Open: 0.4420 Close: 0.4401 Mid: 0.4412 | 8 Open: 0.4401 Close: 0.4403 Mid: 0.4404 | 9 Open: 0.4403 Close: 0.4401 Mid: 0.4401 | 10 |
11 | 12 Open: 0.4398 Close: 0.4395 Mid: 0.4398 | 13 Open: 0.4395 Close: 0.4346 Mid: 0.4377 | 14 Open: 0.4345 Close: 0.4344 Mid: 0.4346 | 15 Open: 0.4344 Close: 0.4369 Mid: 0.4361 | 16 Open: 0.4369 Close: 0.4368 Mid: 0.4370 | 17 |
18 | 19 Open: 0.4372 Close: 0.4364 Mid: 0.4368 | 20 Open: 0.4364 Close: 0.4366 Mid: 0.4364 | 21 Open: 0.4366 Close: 0.4372 Mid: 0.4371 | 22 Open: 0.4371 Close: 0.4371 Mid: 0.4379 | 23 Open: 0.4372 Close: 0.4370 Mid: 0.4371 | 24 |
25 | 26 Open: 0.4369 Close: 0.4373 Mid: 0.4376 | 27 Open: 0.4374 Close: 0.4381 Mid: 0.4376 | 28 Open: 0.4381 Close: 0.4378 Mid: 0.4379 | 29 Open: 0.4378 Close: 0.4355 Mid: 0.4370 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4355 Close: 0.4356 Mid: 0.4348 | 2 | |||||
3 | 4 Open: 0.4351 Close: 0.4349 Mid: 0.4352 | 5 Open: 0.4349 Close: 0.4357 Mid: 0.4349 | 6 Open: 0.4356 Close: 0.4366 Mid: 0.4355 | 7 Open: 0.4366 Close: 0.4379 Mid: 0.4374 | 8 Open: 0.4379 Close: 0.4384 Mid: 0.4384 | 9 |
10 | 11 Open: 0.4387 Close: 0.4389 Mid: 0.4388 | 12 Open: 0.4388 Close: 0.4385 Mid: 0.4390 | 13 Open: 0.4385 Close: 0.4380 Mid: 0.4384 | 14 Open: 0.4380 Close: 0.4360 Mid: 0.4372 | 15 Open: 0.4360 Close: 0.4358 Mid: 0.4359 | 16 |
17 | 18 Open: 0.4362 Close: 0.4336 Mid: 0.4349 | 19 Open: 0.4336 Close: 0.4332 Mid: 0.4338 | 20 Open: 0.4335 Close: 0.4327 Mid: 0.4326 | 21 Open: 0.4328 Close: 0.4299 Mid: 0.4307 | 22 Open: 0.4299 Close: 0.4288 Mid: 0.4290 | 23 |
24 | 25 Open: 0.4286 Close: 0.4280 Mid: 0.4286 | 26 Open: 0.4281 Close: 0.4261 Mid: 0.4272 | 27 Open: 0.4261 Close: 0.4257 Mid: 0.4254 | 28 Open: 0.4257 Close: 0.4271 Mid: 0.4261 | 29 Open: 0.4270 Close: 0.4268 Mid: 0.4269 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4264 Close: 0.4275 Mid: 0.4270 | 2 Open: 0.4277 Close: 0.4237 Mid: 0.4256 | 3 Open: 0.4237 Close: 0.4254 Mid: 0.4245 | 4 Open: 0.4255 Close: 0.4276 Mid: 0.4257 | 5 Open: 0.4276 Close: 0.4265 Mid: 0.4270 | 6 | |
7 | 8 Open: 0.4272 Close: 0.4249 Mid: 0.4260 | 9 Open: 0.4249 Close: 0.4259 Mid: 0.4257 | 10 Open: 0.4259 Close: 0.4223 Mid: 0.4241 | 11 Open: 0.4223 Close: 0.4228 Mid: 0.4222 | 12 Open: 0.4228 Close: 0.4211 Mid: 0.4231 | 13 |
14 | 15 Open: 0.4223 Close: 0.4227 Mid: 0.4221 | 16 Open: 0.4227 Close: 0.4220 Mid: 0.4218 | 17 Open: 0.4220 Close: 0.4226 Mid: 0.4223 | 18 Open: 0.4226 Close: 0.4224 Mid: 0.4229 | 19 Open: 0.4224 Close: 0.4241 Mid: 0.4249 | 20 |
21 | 22 Open: 0.4244 Close: 0.4217 Mid: 0.4228 | 23 Open: 0.4217 Close: 0.4215 Mid: 0.4218 | 24 Open: 0.4215 Close: 0.4201 Mid: 0.4210 | 25 Open: 0.4201 Close: 0.4216 Mid: 0.4208 | 26 Open: 0.4217 Close: 0.4211 Mid: 0.4222 | 27 |
28 | 29 Open: 0.4217 Close: 0.4224 Mid: 0.4218 | 30 Open: 0.4224 Close: 0.4194 Mid: 0.4211 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4193 Close: 0.4189 Mid: 0.4188 | 2 Open: 0.4189 Close: 0.4221 Mid: 0.4207 | 3 Open: 0.4221 Close: 0.4256 Mid: 0.4244 | 4 | |||
5 | 6 Open: 0.4251 Close: 0.4250 Mid: 0.4252 | 7 Open: 0.4250 Close: 0.4244 Mid: 0.4245 | 8 Open: 0.4243 Close: 0.4237 Mid: 0.4241 | 9 Open: 0.4237 Close: 0.4241 Mid: 0.4235 | 10 Open: 0.4241 Close: 0.4247 Mid: 0.4242 | 11 |
12 | 13 Open: 0.4249 Close: 0.4236 Mid: 0.4243 | 14 Open: 0.4236 Close: 0.4240 Mid: 0.4245 | 15 Open: 0.4240 Close: 0.4257 Mid: 0.4251 | 16 Open: 0.4258 Close: 0.4247 Mid: 0.4261 | 17 Open: 0.4247 Close: 0.4230 Mid: 0.4237 | 18 |
19 | 20 Open: 0.4232 Close: 0.4227 Mid: 0.4230 | 21 Open: 0.4227 Close: 0.4225 Mid: 0.4228 | 22 Open: 0.4225 Close: 0.4205 Mid: 0.4216 | 23 Open: 0.4205 Close: 0.4212 Mid: 0.4211 | 24 Open: 0.4212 Close: 0.4205 Mid: 0.4207 | 25 |
26 | 27 Open: 0.4208 Close: 0.4212 Mid: 0.4208 | 28 Open: 0.4212 Close: 0.4222 Mid: 0.4222 | 29 Open: 0.4222 Close: 0.4220 Mid: 0.4220 | 30 Open: 0.4220 Close: 0.4260 Mid: 0.4236 | 31 Open: 0.4260 Close: 0.4263 Mid: 0.4259 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.4262 Close: 0.4286 Mid: 0.4279 | 4 Open: 0.4287 Close: 0.4326 Mid: 0.4307 | 5 Open: 0.4326 Close: 0.4306 Mid: 0.4315 | 6 Open: 0.4306 Close: 0.4326 Mid: 0.4317 | 7 Open: 0.4326 Close: 0.4299 Mid: 0.4313 | 8 |
9 | 10 Open: 0.4301 Close: 0.4291 Mid: 0.4295 | 11 Open: 0.4291 Close: 0.4286 Mid: 0.4294 | 12 Open: 0.4286 Close: 0.4310 Mid: 0.4302 | 13 Open: 0.4309 Close: 0.4308 Mid: 0.4309 | 14 Open: 0.4308 Close: 0.4325 Mid: 0.4319 | 15 |
16 | 17 Open: 0.4318 Close: 0.4323 Mid: 0.4321 | 18 Open: 0.4323 Close: 0.4350 Mid: 0.4339 | 19 Open: 0.4350 Close: 0.4353 Mid: 0.4351 | 20 Open: 0.4353 Close: 0.4325 Mid: 0.4338 | 21 Open: 0.4324 Close: 0.4304 Mid: 0.4317 | 22 |
23 | 24 Open: 0.4310 Close: 0.4308 Mid: 0.4307 | 25 Open: 0.4309 Close: 0.4302 Mid: 0.4308 | 26 Open: 0.4302 Close: 0.4293 Mid: 0.4294 | 27 Open: 0.4293 Close: 0.4285 Mid: 0.4289 | 28 Open: 0.4285 Close: 0.4283 Mid: 0.4282 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4281 Close: 0.4266 Mid: 0.4272 | 2 Open: 0.4266 Close: 0.4255 Mid: 0.4260 | 3 Open: 0.4255 Close: 0.4267 Mid: 0.4260 | 4 Open: 0.4268 Close: 0.4277 Mid: 0.4268 | 5 Open: 0.4277 Close: 0.4294 Mid: 0.4281 | 6 | |
7 | 8 Open: 0.4298 Close: 0.4293 Mid: 0.4297 | 9 Open: 0.4288 Close: 0.4290 Mid: 0.4289 | 10 Open: 0.4290 Close: 0.4273 Mid: 0.4282 | 11 Open: 0.4274 Close: 0.4292 Mid: 0.4288 | 12 Open: 0.4292 Close: 0.4301 Mid: 0.4298 | 13 |
14 | 15 Open: 0.4308 Close: 0.4300 Mid: 0.4301 | 16 Open: 0.4300 Close: 0.4304 Mid: 0.4300 | 17 Open: 0.4305 Close: 0.4361 Mid: 0.4335 | 18 Open: 0.4361 Close: 0.4343 Mid: 0.4355 | 19 Open: 0.4343 Close: 0.4332 Mid: 0.4337 | 20 |
21 | 22 Open: 0.4333 Close: 0.4324 Mid: 0.4333 | 23 Open: 0.4324 Close: 0.4318 Mid: 0.4322 | 24 Open: 0.4318 Close: 0.4351 Mid: 0.4336 | 25 Open: 0.4351 Close: 0.4373 Mid: 0.4367 | 26 Open: 0.4372 Close: 0.4356 Mid: 0.4364 | 27 |
28 | 29 Open: 0.4360 Close: 0.4342 Mid: 0.4354 | 30 Open: 0.4342 Close: 0.4361 Mid: 0.4351 | 31 Open: 0.4361 Close: 0.4381 Mid: 0.4372 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4381 Close: 0.4418 Mid: 0.4402 | 2 Open: 0.4417 Close: 0.4482 Mid: 0.4445 | 3 | ||||
4 | 5 Open: 0.4477 Close: 0.4512 Mid: 0.4523 | 6 Open: 0.4512 Close: 0.4523 Mid: 0.4511 | 7 Open: 0.4522 Close: 0.4477 Mid: 0.4483 | 8 Open: 0.4476 Close: 0.4434 Mid: 0.4466 | 9 Open: 0.4434 Close: 0.4448 Mid: 0.4446 | 10 |
11 | 12 Open: 0.4448 Close: 0.4450 Mid: 0.4436 | 13 Open: 0.4450 Close: 0.4441 Mid: 0.4445 | 14 Open: 0.4442 Close: 0.4453 Mid: 0.4454 | 15 Open: 0.4453 Close: 0.4409 Mid: 0.4432 | 16 Open: 0.4409 Close: 0.4436 Mid: 0.4428 | 17 |
18 | 19 Open: 0.4444 Close: 0.4457 Mid: 0.4449 | 20 Open: 0.4457 Close: 0.4502 Mid: 0.4479 | 21 Open: 0.4503 Close: 0.4511 Mid: 0.4509 | 22 Open: 0.4512 Close: 0.4520 Mid: 0.4523 | 23 Open: 0.4520 Close: 0.4525 Mid: 0.4521 | 24 |
25 | 26 Open: 0.4527 Close: 0.4544 Mid: 0.4539 | 27 Open: 0.4544 Close: 0.4565 Mid: 0.4549 | 28 Open: 0.4566 Close: 0.4574 Mid: 0.4573 | 29 Open: 0.4574 Close: 0.4546 Mid: 0.4560 | 30 Open: 0.4545 Close: 0.4534 Mid: 0.4534 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4533 Close: 0.4519 Mid: 0.4525 | 3 Open: 0.4519 Close: 0.4526 Mid: 0.4527 | 4 Open: 0.4526 Close: 0.4543 Mid: 0.4533 | 5 Open: 0.4543 Close: 0.4557 Mid: 0.4544 | 6 Open: 0.4557 Close: 0.4575 Mid: 0.4564 | 7 |
8 | 9 Open: 0.4575 Close: 0.4537 Mid: 0.4554 | 10 Open: 0.4537 Close: 0.4547 Mid: 0.4546 | 11 Open: 0.4546 Close: 0.4525 Mid: 0.4546 | 12 Open: 0.4524 Close: 0.4506 Mid: 0.4514 | 13 Open: 0.4507 Close: 0.4535 Mid: 0.4530 | 14 |
15 | 16 Open: 0.4539 Close: 0.4546 Mid: 0.4543 | 17 Open: 0.4547 Close: 0.4555 Mid: 0.4556 | 18 Open: 0.4554 Close: 0.4552 Mid: 0.4555 | 19 Open: 0.4552 Close: 0.4542 Mid: 0.4545 | 20 Open: 0.4542 Close: 0.4521 Mid: 0.4534 | 21 |
22 | 23 Open: 0.4522 Close: 0.4538 Mid: 0.4533 | 24 Open: 0.4538 Close: 0.4555 Mid: 0.4541 | 25 Open: 0.4555 Close: 0.4539 Mid: 0.4550 | 26 Open: 0.4538 Close: 0.4543 Mid: 0.4540 | 27 Open: 0.4544 Close: 0.4585 Mid: 0.4564 | 28 |
29 | 30 Open: 0.4577 Close: 0.4559 Mid: 0.4570 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4558 Close: 0.4552 Mid: 0.4559 | 2 Open: 0.4552 Close: 0.4533 Mid: 0.4546 | 3 Open: 0.4533 Close: 0.4512 Mid: 0.4534 | 4 Open: 0.4512 Close: 0.4492 Mid: 0.4510 | 5 | ||
6 | 7 Open: 0.4493 Close: 0.4505 Mid: 0.4498 | 8 Open: 0.4505 Close: 0.4488 Mid: 0.4500 | 9 Open: 0.4488 Close: 0.4474 Mid: 0.4489 | 10 Open: 0.4474 Close: 0.4498 Mid: 0.4489 | 11 Open: 0.4498 Close: 0.4491 Mid: 0.4490 | 12 |
13 | 14 Open: 0.4489 Close: 0.4461 Mid: 0.4475 | 15 Open: 0.4461 Close: 0.4466 Mid: 0.4464 | 16 Open: 0.4464 Close: 0.4455 Mid: 0.4467 | 17 Open: 0.4454 Close: 0.4443 Mid: 0.4448 | 18 Open: 0.4444 Close: 0.4449 Mid: 0.4441 | 19 |
20 | 21 Open: 0.4450 Close: 0.4451 Mid: 0.4451 | 22 Open: 0.4444 Close: 0.4446 Mid: 0.4449 | 23 Open: 0.4446 Close: 0.4454 Mid: 0.4445 | 24 Open: 0.4453 Close: 0.4445 Mid: 0.4448 | 25 Open: 0.4445 Close: 0.4446 Mid: 0.4445 | 26 |
27 | 28 Open: 0.4437 Close: 0.4452 Mid: 0.4444 | 29 Open: 0.4452 Close: 0.4432 Mid: 0.4441 | 30 Open: 0.4432 Close: 0.4447 Mid: 0.4439 | 31 Open: 0.4447 Close: 0.4463 Mid: 0.4460 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.4463 Close: 0.4431 Mid: 0.4439 | 2 | |||||
3 | 4 Open: 0.4427 Close: 0.4456 Mid: 0.4448 | 5 Open: 0.4456 Close: 0.4448 Mid: 0.4454 | 6 Open: 0.4448 Close: 0.4395 Mid: 0.4422 | 7 Open: 0.4394 Close: 0.4409 Mid: 0.4400 | 8 Open: 0.4410 Close: 0.4396 Mid: 0.4409 | 9 |
10 | 11 Open: 0.4402 Close: 0.4371 Mid: 0.4386 | 12 Open: 0.4371 Close: 0.4372 Mid: 0.4372 | 13 Open: 0.4372 Close: 0.4347 Mid: 0.4362 | 14 Open: 0.4347 Close: 0.4328 Mid: 0.4336 | 15 Open: 0.4328 Close: 0.4338 Mid: 0.4338 | 16 |
17 | 18 Open: 0.4334 Close: 0.4353 Mid: 0.4345 | 19 Open: 0.4353 Close: 0.4358 Mid: 0.4364 | 20 Open: 0.4358 Close: 0.4353 Mid: 0.4352 | 21 Open: 0.4353 Close: 0.4348 Mid: 0.4354 | 22 Open: 0.4347 Close: 0.4303 Mid: 0.4332 | 23 |
24 | 25 Open: 0.4301 Close: 0.4343 Mid: 0.4324 | 26 Open: 0.4343 Close: 0.4337 Mid: 0.4341 | 27 Open: 0.4338 Close: 0.4361 Mid: 0.4354 | 28 Open: 0.4361 Close: 0.4358 Mid: 0.4358 | 29 Open: 0.4358 Close: 0.4362 Mid: 0.4366 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.4367 Close: 0.4343 Mid: 0.4349 | 3 Open: 0.4343 Close: 0.4342 Mid: 0.4344 | 4 Open: 0.4343 Close: 0.4353 Mid: 0.4348 | 5 Open: 0.4353 Close: 0.4378 Mid: 0.4362 | 6 Open: 0.4378 Close: 0.4381 Mid: 0.4387 | 7 |
8 | 9 Open: 0.4381 Close: 0.4387 Mid: 0.4380 | 10 Open: 0.4386 Close: 0.4356 Mid: 0.4372 | 11 Open: 0.4356 Close: 0.4354 Mid: 0.4360 | 12 Open: 0.4354 Close: 0.4321 Mid: 0.4336 | 13 Open: 0.4320 Close: 0.4316 Mid: 0.4319 | 14 |
15 | 16 Open: 0.4314 Close: 0.4303 Mid: 0.4311 | 17 Open: 0.4303 Close: 0.4312 Mid: 0.4301 | 18 Open: 0.4312 Close: 0.4285 Mid: 0.4297 | 19 Open: 0.4284 Close: 0.4297 Mid: 0.4290 | 20 Open: 0.4296 Close: 0.4313 Mid: 0.4304 | 21 |
22 | 23 Open: 0.4315 Close: 0.4282 Mid: 0.4298 | 24 Open: 0.4282 Close: 0.4276 Mid: 0.4277 | 25 Open: 0.4282 Close: 0.4276 Mid: 0.4277 | 26 Open: 0.4282 Close: 0.4276 Mid: 0.4277 | 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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