Best United Arab Emirates Dirham / Indonesian Rupiah Exchange Rate Today: 4407.6734

Live rate: 1 AED = 4407.6734 IDR (+0.0119%)

Inverted: 1 IDR = 0.0002 AED
Last Updated: Thursday, 26 December 2024 08:51:47 UTC

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Comparison Results:

Provider	Exchange Rate	Fee	You Get	Service	Notes	Action
Live Market Rate	4407.6734	0	4,363.5967	Set Alert
	4,407.6734	1.18%	4,355.6629	Best Multi-Currency Card	The UK's leading payment provider
	4,368.0043	0	4,368.0043	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	4,284.2585 (upper range)	Variable	4,284.2585	Payments, transfers, holiday money	Determined using data on spread charges supplied by IMTI
Worst Bank Rate	4,253.4048 (lower range)	Variable	4,253.4048	Payments, transfers, holiday money	Determined using data on spread charges supplied by Money Mover and Accourt
Paypal	4,209.3281	0	4,209.3281	International Payments and Transfers

AED/IDR Live Chart and Data

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Set Alert

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

January - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 4,210.2000

Close: 4,194.6200

Mid: 4,212.2750

Open: 4,191.2600

Close: 4,208.8600

Mid: 4,210.2050

Open: 4,209.3700

Close: 4,245.5700

Mid: 4,228.5550

Open: 4,245.5800

Close: 4,220.2600

Mid: 4,234.5000

Open: 4,220.4100

Close: 4,240.6100

Mid: 4,229.0550

Open: 4,219.1400

Close: 4,228.4700

Mid: 4,224.7650

Open: 4,229.4600

Close: 4,224.3100

Mid: 4,229.8700

Open: 4,224.6700

Close: 4,240.7000

Mid: 4,233.6700

Open: 4,239.0500

Close: 4,250.5900

Mid: 4,244.0100

Open: 4,249.6300

Close: 4,233.9500

Mid: 4,243.3650

Open: 4,233.6400

Close: 4,225.4500

Mid: 4,231.1300

Open: 4,228.2600

Close: 4,251.2000

Mid: 4,238.8600

Open: 4,251.7200

Close: 4,253.2500

Mid: 4,250.6800

Open: 4,253.0000

Close: 4,258.7600

Mid: 4,250.9750

Open: 4,258.1200

Close: 4,258.4100

Mid: 4,253.3100

Open: 4,257.6900

Close: 4,264.4600

Mid: 4,266.0050

Open: 4,264.4000

Close: 4,274.4400

Mid: 4,273.0200

Open: 4,274.3800

Close: 4,276.7000

Mid: 4,280.1700

Open: 4,277.2500

Close: 4,299.0100

Mid: 4,311.9300

Open: 4,297.7900

Close: 4,278.9700

Mid: 4,293.2750

Open: 4,296.1900

Close: 4,311.4400

Mid: 4,303.8900

Open: 4,311.3800

Close: 4,310.4200

Mid: 4,301.7300

Open: 4,306.9800

Close: 4,286.0200

Mid: 4,294.9100

February - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
				1 Open: 4,302.0600 Close: 4,309.4600 Mid: 4,295.5400	2 Open: 4,307.4200 Close: 4,258.0200 Mid: 4,275.7150	3
4	5 Open: 4,282.0200 Close: 4,262.6600 Mid: 4,270.0700	6 Open: 4,264.8000 Close: 4,295.7400 Mid: 4,280.4700	7 Open: 4,294.2900 Close: 4,259.8100 Mid: 4,276.0300	8 Open: 4,259.7100 Close: 4,275.7000 Mid: 4,265.2950	9 Open: 4,273.9100 Close: 4,253.4800 Mid: 4,264.0000	10
11	12 Open: 4,249.6300 Close: 4,239.4300 Mid: 4,244.9200	13 Open: 4,239.0900 Close: 4,240.1200 Mid: 4,247.6400	14 Open: 4,242.0100 Close: 4,241.1700 Mid: 4,247.8050	15 Open: 4,242.5000 Close: 4,264.9800 Mid: 4,252.0850	16 Open: 4,267.7400 Close: 4,275.0300 Mid: 4,270.0900	17
18	19 Open: 4,261.2800 Close: 4,253.7100 Mid: 4,257.2800	20 Open: 4,253.8900 Close: 4,255.3200 Mid: 4,260.0750	21 Open: 4,255.9900 Close: 4,269.2300 Mid: 4,257.5350	22 Open: 4,264.8900 Close: 4,252.1300 Mid: 4,254.2950	23 Open: 4,250.5000 Close: 4,238.1300 Mid: 4,249.2950	24
25	26 Open: 4,244.2300 Close: 4,259.1200 Mid: 4,255.3950	27 Open: 4,257.1000 Close: 4,265.3800 Mid: 4,261.4650	28 Open: 4,264.4300 Close: 4,281.4100 Mid: 4,273.2400	29 Open: 4,283.2900 Close: 4,267.6900 Mid: 4,277.1600

March - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
					1 Open: 4,268.3600 Close: 4,284.5100 Mid: 4,278.0100	2
3	4 Open: 4,276.8000 Close: 4,293.5700 Mid: 4,285.3950	5 Open: 4,293.2900 Close: 4,289.7000 Mid: 4,291.8150	6 Open: 4,289.6400 Close: 4,264.3200 Mid: 4,278.0300	7 Open: 4,264.1400 Close: 4,268.0400 Mid: 4,263.9450	8 Open: 4,266.6400 Close: 4,228.4900 Mid: 4,242.5100	9
10	11 Open: 4,231.2900 Close: 4,212.0400 Mid: 4,221.1300	12 Open: 4,212.7600 Close: 4,243.3900 Mid: 4,220.7750	13 Open: 4,242.6600 Close: 4,239.2100 Mid: 4,244.4450	14 Open: 4,238.9000 Close: 4,244.3300 Mid: 4,243.0150	15 Open: 4,245.1400 Close: 4,255.8100 Mid: 4,246.3300	16
17	18 Open: 4,259.5400 Close: 4,283.4200 Mid: 4,270.0750	19 Open: 4,283.8200 Close: 4,287.3400 Mid: 4,280.5950	20 Open: 4,280.2700 Close: 4,301.0600 Mid: 4,287.3750	21 Open: 4,298.6700 Close: 4,255.0000 Mid: 4,282.1450	22 Open: 4,257.6700 Close: 4,309.0400 Mid: 4,290.9250	23
24	25 Open: 4,306.9600 Close: 4,304.3100 Mid: 4,305.1950	26 Open: 4,297.4400 Close: 4,298.1300 Mid: 4,299.3800	27 Open: 4,299.1500 Close: 4,328.0700 Mid: 4,313.5850	28 Open: 4,328.5600 Close: 4,315.4000 Mid: 4,317.5400	29 Open: 4,316.0800 Close: 4,325.4400 Mid: 4,322.5800	30
31

April - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 4,320.5700

Close: 4,319.3500

Mid: 4,324.3250

Open: 4,342.0900

Close: 4,348.6000

Mid: 4,339.3350

Open: 4,348.2200

Close: 4,360.4600

Mid: 4,349.8950

Open: 4,358.3500

Close: 4,319.0300

Mid: 4,339.9300

Open: 4,319.5900

Close: 4,340.7900

Mid: 4,322.6050

Open: 4,327.4100

Close: 4,338.5200

Mid: 4,330.9850

Open: 4,338.0800

Close: 4,323.7200

Mid: 4,330.9100

Open: 4,324.1200

Close: 4,327.6400

Mid: 4,323.1650

Open: 4,329.2000

Close: 4,364.7400

Mid: 4,345.7100

Open: 4,364.4800

Close: 4,381.8900

Mid: 4,380.7350

Open: 4,390.8400

Close: 4,375.5200

Mid: 4,385.5750

Open: 4,375.9700

Close: 4,427.9000

Mid: 4,402.9800

Open: 4,428.8000

Close: 4,408.8800

Mid: 4,429.0000

Open: 4,409.9500

Close: 4,403.8700

Mid: 4,408.7350

Open: 4,404.9000

Close: 4,388.3700

Mid: 4,407.4500

Open: 4,414.6200

Close: 4,415.6200

Mid: 4,415.2400

Open: 4,416.1400

Close: 4,414.5400

Mid: 4,413.4400

Open: 4,413.2100

Close: 4,423.1400

Mid: 4,414.3250

Open: 4,422.4400

Close: 4,420.4700

Mid: 4,416.0900

Open: 4,419.9900

Close: 4,414.2800

Mid: 4,416.6900

Open: 4,424.9400

Close: 4,442.0200

Mid: 4,433.7000

Open: 4,440.6700

Close: 4,419.6200

Mid: 4,431.8800

May - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 4,420.5800

Close: 4,425.5400

Mid: 4,417.3650

Open: 4,424.4800

Close: 4,389.3900

Mid: 4,407.3350

Open: 4,388.5300

Close: 4,330.3600

Mid: 4,363.1750

Open: 4,350.7600

Close: 4,369.0000

Mid: 4,366.5350

Open: 4,368.8100

Close: 4,360.4300

Mid: 4,367.8950

Open: 4,361.7800

Close: 4,381.1100

Mid: 4,364.5850

Open: 4,380.4100

Close: 4,370.8100

Mid: 4,370.0450

Open: 4,370.3300

Close: 4,372.7400

Mid: 4,371.1000

Open: 4,370.7900

Close: 4,398.9200

Mid: 4,387.8850

Open: 4,398.1600

Close: 4,395.3000

Mid: 4,392.1650

Open: 4,394.5400

Close: 4,348.0300

Mid: 4,363.8450

Open: 4,346.6900

Close: 4,341.8300

Mid: 4,343.0750

Open: 4,341.4600

Close: 4,361.2000

Mid: 4,351.9600

Open: 4,347.2900

Close: 4,366.5200

Mid: 4,356.3350

Open: 4,366.4500

Close: 4,353.3900

Mid: 4,357.9950

Open: 4,353.5800

Close: 4,362.7500

Mid: 4,359.3700

Open: 4,362.9400

Close: 4,369.2400

Mid: 4,369.2700

Open: 4,370.0800

Close: 4,373.9600

Mid: 4,371.3750

Open: 4,369.1200

Close: 4,383.9900

Mid: 4,376.7650

Open: 4,383.3300

Close: 4,379.6200

Mid: 4,383.8900

Open: 4,380.2100

Close: 4,405.4300

Mid: 4,396.3100

Open: 4,406.8600

Close: 4,422.2800

Mid: 4,414.3450

Open: 4,422.2100

Close: 4,432.6700

Mid: 4,428.4500

June - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
						1
2	3 Open: 4,425.5700 Close: 4,438.8900 Mid: 4,422.7450	4 Open: 4,436.9900 Close: 4,438.1100 Mid: 4,436.8850	5 Open: 4,437.8300 Close: 4,446.0300 Mid: 4,442.2100	6 Open: 4,445.5600 Close: 4,424.9400 Mid: 4,435.3600	7 Open: 4,424.5600 Close: 4,419.3500 Mid: 4,418.3150	8
9	10 Open: 4,431.0100 Close: 4,445.6100 Mid: 4,435.7950	11 Open: 4,445.4200 Close: 4,438.7900 Mid: 4,439.3550	12 Open: 4,439.0100 Close: 4,422.7800 Mid: 4,438.3350	13 Open: 4,422.9500 Close: 4,427.9200 Mid: 4,426.6500	14 Open: 4,428.6700 Close: 4,483.1200 Mid: 4,459.8550	15
16	17 Open: 4,488.9700 Close: 4,494.5500 Mid: 4,478.4750	18 Open: 4,494.1900 Close: 4,465.7800 Mid: 4,479.2450	19 Open: 4,465.0900 Close: 4,459.7700 Mid: 4,460.5500	20 Open: 4,460.1800 Close: 4,481.4300 Mid: 4,478.5900	21 Open: 4,482.1200 Close: 4,485.9500 Mid: 4,481.3400	22
23	24 Open: 4,488.6700 Close: 4,470.0500 Mid: 4,473.1000	25 Open: 4,469.4800 Close: 4,466.0800 Mid: 4,465.0450	26 Open: 4,465.7700 Close: 4,466.9900 Mid: 4,473.2200	27 Open: 4,467.1600 Close: 4,457.0200 Mid: 4,463.7650	28 Open: 4,457.1200 Close: 4,452.6300 Mid: 4,454.3250	29
30

July - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 4,453.5600

Close: 4,448.8400

Mid: 4,454.4850

Open: 4,449.8700

Close: 4,468.1600

Mid: 4,461.5300

Open: 4,467.4900

Close: 4,463.3500

Mid: 4,467.3450

Open: 4,462.5100

Close: 4,449.7800

Mid: 4,455.2350

Open: 4,450.0200

Close: 4,429.7000

Mid: 4,434.9350

Open: 4,431.6500

Close: 4,431.0800

Mid: 4,434.8750

Open: 4,433.1500

Close: 4,421.8000

Mid: 4,428.9950

Open: 4,422.5700

Close: 4,422.9200

Mid: 4,421.5450

Open: 4,422.1700

Close: 4,379.5400

Mid: 4,397.4500

Open: 4,379.7900

Close: 4,393.4200

Mid: 4,387.2850

Open: 4,392.6100

Close: 4,403.3100

Mid: 4,402.3650

Open: 4,403.6800

Close: 4,405.8600

Mid: 4,403.5100

Open: 4,405.5900

Close: 4,387.8500

Mid: 4,391.6850

Open: 4,388.5200

Close: 4,396.9700

Mid: 4,395.9800

Open: 4,397.5000

Close: 4,411.2900

Mid: 4,404.5900

Open: 4,411.2500

Close: 4,416.9900

Mid: 4,415.4150

Open: 4,416.7800

Close: 4,415.4700

Mid: 4,415.8600

Open: 4,415.6900

Close: 4,420.5700

Mid: 4,418.8100

Open: 4,421.3400

Close: 4,436.2000

Mid: 4,433.2550

Open: 4,436.9700

Close: 4,432.8100

Mid: 4,433.8300

Open: 4,434.6400

Close: 4,442.2800

Mid: 4,430.7550

Open: 4,441.6000

Close: 4,441.0800

Mid: 4,442.8200

Open: 4,441.0500

Close: 4,429.2700

Mid: 4,435.3100

August - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
				1 Open: 4,428.9000 Close: 4,411.7000 Mid: 4,427.3000	2 Open: 4,413.3900 Close: 4,409.6100 Mid: 4,407.7100	3
4	5 Open: 4,395.4200 Close: 4,415.7700 Mid: 4,402.0300	6 Open: 4,415.5800 Close: 4,398.0200 Mid: 4,408.6300	7 Open: 4,398.0400 Close: 4,352.7900 Mid: 4,376.7650	8 Open: 4,353.3200 Close: 4,367.6300 Mid: 4,340.9150	9 Open: 4,366.1000 Close: 4,342.8900 Mid: 4,348.0450	10
11	12 Open: 4,336.6900 Close: 4,341.3900 Mid: 4,347.2000	13 Open: 4,341.5100 Close: 4,307.1000 Mid: 4,323.9500	14 Open: 4,305.7600 Close: 4,247.8400 Mid: 4,272.7750	15 Open: 4,248.2900 Close: 4,290.1300 Mid: 4,265.6950	16 Open: 4,289.9500 Close: 4,285.9900 Mid: 4,289.0550	17
18	19 Open: 4,274.4000 Close: 4,237.8200 Mid: 4,253.8700	20 Open: 4,236.9000 Close: 4,210.6400 Mid: 4,216.0700	21 Open: 4,210.3200 Close: 4,237.0900 Mid: 4,223.7000	22 Open: 4,235.7300 Close: 4,278.0300 Mid: 4,255.1400	23 Open: 4,278.3000 Close: 4,216.9800 Mid: 4,242.4850	24
25	26 Open: 4,196.2800 Close: 4,208.7200 Mid: 4,193.0550	27 Open: 4,208.6000 Close: 4,224.1900 Mid: 4,221.6450	28 Open: 4,223.0200 Close: 4,195.0200 Mid: 4,212.7950	29 Open: 4,195.2800 Close: 4,207.5400 Mid: 4,193.1450	30 Open: 4,207.5400 Close: 4,217.1100 Mid: 4,211.6150	31

September - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
1	2 Open: 4,228.9200 Close: 4,234.5700 Mid: 4,231.9000	3 Open: 4,234.0100 Close: 4,230.3500 Mid: 4,226.7700	4 Open: 4,230.2600 Close: 4,210.5700 Mid: 4,220.5150	5 Open: 4,209.9300 Close: 4,198.4300 Mid: 4,201.2250	6 Open: 4,198.2900 Close: 4,192.7400 Mid: 4,193.0850	7
8	9 Open: 4,210.0900 Close: 4,203.8400 Mid: 4,213.3450	10 Open: 4,204.4800 Close: 4,210.1800 Mid: 4,205.8950	11 Open: 4,210.2100 Close: 4,195.5100 Mid: 4,198.8600	12 Open: 4,195.4800 Close: 4,217.1400 Mid: 4,205.0750	13 Open: 4,215.2100 Close: 4,195.2500 Mid: 4,203.8500	14
15	16 Open: 4,195.5700 Close: 4,195.4500 Mid: 4,194.4650	17 Open: 4,195.1100 Close: 4,164.4700 Mid: 4,177.9850	18 Open: 4,165.5800 Close: 4,168.4000 Mid: 4,170.9200	19 Open: 4,168.4000 Close: 4,134.8400 Mid: 4,147.0050	20 Open: 4,135.0500 Close: 4,138.2600 Mid: 4,118.3850	21
22	23 Open: 4,137.5400 Close: 4,141.0700 Mid: 4,140.4250	24 Open: 4,140.4800 Close: 4,128.7600 Mid: 4,135.2200	25 Open: 4,127.7100 Close: 4,126.3900 Mid: 4,124.6800	26 Open: 4,127.1100 Close: 4,116.4000 Mid: 4,118.2250	27 Open: 4,116.8000 Close: 4,109.5200 Mid: 4,116.8600	28
29	30 Open: 4,117.3700 Close: 4,130.1000 Mid: 4,126.0500

October - 2024

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Open: 4,130.6100

Close: 4,145.7100

Mid: 4,134.9600

Open: 4,146.1800

Close: 4,163.0600

Mid: 4,151.1150

Open: 4,163.2300

Close: 4,209.3800

Mid: 4,195.7500

Open: 4,209.2400

Close: 4,256.6700

Mid: 4,236.2700

Open: 4,272.5700

Close: 4,281.6100

Mid: 4,278.3550

Open: 4,281.5200

Close: 4,267.1600

Mid: 4,274.2200

Open: 4,267.0700

Close: 4,268.8900

Mid: 4,257.0600

Open: 4,268.9200

Close: 4,264.7900

Mid: 4,264.3550

Open: 4,264.9400

Close: 4,239.4200

Mid: 4,253.3450

Open: 4,237.8600

Close: 4,238.6800

Mid: 4,241.1850

Open: 4,238.2900

Close: 4,234.2300

Mid: 4,237.2500

Open: 4,237.5200

Close: 4,226.4300

Mid: 4,225.7100

Open: 4,227.1000

Close: 4,226.6700

Mid: 4,220.1700

Open: 4,226.1700

Close: 4,215.4700

Mid: 4,218.7250

Open: 4,215.2600

Close: 4,213.0800

Mid: 4,216.4600

Open: 4,228.0400

Close: 4,244.0500

Mid: 4,237.9650

Open: 4,243.9100

Close: 4,244.2200

Mid: 4,253.7700

Open: 4,244.9300

Close: 4,252.3500

Mid: 4,241.5200

Open: 4,252.2600

Close: 4,264.2800

Mid: 4,258.8400

Open: 4,270.5400

Close: 4,278.7900

Mid: 4,280.5850

Open: 4,279.2400

Close: 4,297.5700

Mid: 4,289.2450

Open: 4,296.5500

Close: 4,261.3600

Mid: 4,280.7200

Open: 4,262.1700

Close: 4,257.7700

Mid: 4,264.1250

November - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
					1 Open: 4,258.9600 Close: 4,294.5300 Mid: 4,287.4250	2
3	4 Open: 4,293.9600 Close: 4,287.9900 Mid: 4,289.6550	5 Open: 4,288.2300 Close: 4,298.8300 Mid: 4,293.2700	6 Open: 4,301.1100 Close: 4,310.1300 Mid: 4,310.5300	7 Open: 4,308.0900 Close: 4,249.4700 Mid: 4,280.2250	8 Open: 4,248.6000 Close: 4,254.4000 Mid: 4,259.7250	9
10	11 Open: 4,267.0900 Close: 4,291.9400 Mid: 4,279.6250	12 Open: 4,291.3400 Close: 4,282.7700 Mid: 4,283.2100	13 Open: 4,284.1300 Close: 4,301.5000 Mid: 4,291.6150	14 Open: 4,302.6000 Close: 4,345.8900 Mid: 4,328.6900	15 Open: 4,345.4900 Close: 4,319.6300 Mid: 4,327.6400	16
17	18 Open: 4,326.4600 Close: 4,325.4500 Mid: 4,318.6500	19 Open: 4,323.7800 Close: 4,326.7300 Mid: 4,318.1300	20 Open: 4,325.5900 Close: 4,327.1200 Mid: 4,331.1900	21 Open: 4,327.0900 Close: 4,308.0400 Mid: 4,325.5200	22 Open: 4,309.6500 Close: 4,341.8400 Mid: 4,324.1650	23
24	25 Open: 4,324.2400 Close: 4,312.3900 Mid: 4,318.3000	26 Open: 4,313.6000 Close: 4,330.8000 Mid: 4,319.9300	27 Open: 4,330.8700 Close: 4,329.8900 Mid: 4,322.4500	28 Open: 4,329.1500 Close: 4,326.3100 Mid: 4,321.8650	29 Open: 4,325.0700 Close: 4,327.6500 Mid: 4,320.6350	30

December - 2024

Sun	Mon	Tue	Wed	Thu	Fri	Sat
1	2 Open: 4,309.1000 Close: 4,326.8500 Mid: 4,315.9000	3 Open: 4,327.2200 Close: 4,345.4300 Mid: 4,338.7600	4 Open: 4,345.4600 Close: 4,333.7300 Mid: 4,339.4700	5 Open: 4,333.3900 Close: 4,318.5500 Mid: 4,322.8550	6 Open: 4,318.4800 Close: 4,302.1100 Mid: 4,308.8850	7
8	9 Open: 4,303.0000 Close: 4,309.5900 Mid: 4,313.0050	10 Open: 4,309.9300 Close: 4,336.1400 Mid: 4,323.3650	11 Open: 4,335.5500 Close: 4,339.4500 Mid: 4,339.5950	12 Open: 4,339.1400 Close: 4,322.7900 Mid: 4,335.6900	13 Open: 4,324.4600 Close: 4,350.6300 Mid: 4,353.9950	14
15	16 Open: 4,351.6200 Close: 4,376.6000 Mid: 4,363.7700	17 Open: 4,376.2200 Close: 4,373.8900 Mid: 4,379.3350	18 Open: 4,373.3900 Close: 4,367.0700 Mid: 4,381.4950	19 Open: 4,369.3600 Close: 4,410.7200 Mid: 4,437.4200	20 Open: 4,413.4300 Close: 4,417.2700 Mid: 4,412.8700	21
22	23 Open: 4,416.5500 Close: 4,424.6200 Mid: 4,408.4300	24 Open: 4,424.2100 Close: 4,407.1500 Mid: 4,405.9900	25	26	27	28
29	30	31

Compare Exchange Rates:

Know What the Best Exchange Rate Looks Like

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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.


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Note: Please be aware that the rate quoted is applies to large currency payments that must exceed at least 2000 units of your base currency as higher quantities command better rates. Smaller amount quoted under "Travel Money/ Cash Delivery"