Live rate: 1 USD = 4386.6000 COP (+0.19%)

Inverted: 1 COP = 0.0002 USD

Click here for our full travel and holiday rates comparison tool.

Comparison Results:

ProviderExchange RateFeeYou GetServiceNotesAction

Live Market Rate

4386.600004,342.7340
wise 4,386.60002.47%4,278.2510 Best Multi-Currency Card The UK's leading payment provider

Best Bank Rate

Banks
4,263.7752

(upper range)

Variable4,263.7752 Payments, transfers, holiday money Determined using data on spread charges supplied by IMTI

Worst Bank Rate

Banks
4,233.0690

(lower range)

Variable4,233.0690Payments, transfers, holiday money Determined using data on spread charges supplied by Money Mover and Accourt

Paypal

Paypal
4,189.203004,189.2030 International Payments and Transfers
For full historical data please visit: USD/COP exchange rate history pages for the year 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012

January - 2024

SunMonTueWedThuFriSat
1
2

Open: 3,876.5000

Close: 3,883.9000

Mid: 3,884.3500

3

Open: 3,893.8000

Close: 3,899.1000

Mid: 3,900.3000

4

Open: 3,919.6000

Close: 3,928.8000

Mid: 3,914.8500

5

Open: 3,937.5000

Close: 3,890.6000

Mid: 3,911.5000

6
7
8

Open: 3,919.9000

Close: 3,912.5000

Mid: 3,916.4000

9

Open: 3,910.4000

Close: 3,941.1000

Mid: 3,915.2000

10

Open: 3,940.0000

Close: 3,936.0000

Mid: 3,944.9500

11

Open: 3,936.5000

Close: 3,917.3000

Mid: 3,927.5500

12

Open: 3,926.5000

Close: 3,911.3000

Mid: 3,910.0000

13
14
15

Open: 3,912.0000

Close: 3,912.4000

Mid: 3,913.9000

16

Open: 3,903.0000

Close: 3,948.1000

Mid: 3,925.5500

17

Open: 3,948.2000

Close: 3,956.4000

Mid: 3,966.0500

18

Open: 3,956.5000

Close: 3,919.1000

Mid: 3,937.8000

19

Open: 3,945.3000

Close: 3,912.4000

Mid: 3,924.4500

20
21
22

Open: 3,912.6000

Close: 3,904.8000

Mid: 3,872.4000

23

Open: 3,905.0000

Close: 3,955.5000

Mid: 3,931.6500

24

Open: 3,940.0000

Close: 3,917.9000

Mid: 3,928.3000

25

Open: 3,918.1000

Close: 3,939.5000

Mid: 3,928.0500

26

Open: 3,939.3000

Close: 3,911.5000

Mid: 3,927.6000

27
28
29

Open: 3,904.4000

Close: 3,930.3000

Mid: 3,918.4500

30

Open: 3,930.1000

Close: 3,920.1000

Mid: 3,926.3000

31

Open: 3,920.1000

Close: 3,906.9000

Mid: 3,915.5000

February - 2024

SunMonTueWedThuFriSat
1

Open: 3,913.9000

Close: 3,891.2000

Mid: 3,899.5500

2

Open: 3,894.0000

Close: 3,936.3000

Mid: 3,915.0500

3
4
5

Open: 3,935.4000

Close: 3,957.5000

Mid: 3,948.9500

6

Open: 3,969.5000

Close: 3,952.4000

Mid: 3,959.5000

7

Open: 3,952.3000

Close: 3,953.6000

Mid: 3,954.2500

8

Open: 3,953.7000

Close: 3,948.4000

Mid: 3,955.3000

9

Open: 3,949.9000

Close: 3,917.4000

Mid: 3,933.7500

10
11
12

Open: 3,918.7000

Close: 3,913.0000

Mid: 3,921.1000

13

Open: 3,913.1000

Close: 3,927.3000

Mid: 3,920.4500

14

Open: 3,927.2000

Close: 3,916.3000

Mid: 3,922.2000

15

Open: 3,916.4000

Close: 3,909.4000

Mid: 3,912.9000

16

Open: 3,909.4000

Close: 3,911.7000

Mid: 3,918.2500

17
18
19

Open: 3,911.5000

Close: 3,916.1000

Mid: 3,911.8000

20

Open: 3,921.6000

Close: 3,919.8000

Mid: 3,914.9000

21

Open: 3,919.7000

Close: 3,926.1000

Mid: 3,923.9500

22

Open: 3,925.7000

Close: 3,930.9000

Mid: 3,931.4500

23

Open: 3,931.0000

Close: 3,963.5000

Mid: 3,944.6500

24
25
26

Open: 3,963.6000

Close: 3,961.2000

Mid: 3,962.7000

27

Open: 3,948.8000

Close: 3,931.7000

Mid: 3,942.4500

28

Open: 3,931.7000

Close: 3,926.2000

Mid: 3,932.6000

29

Open: 3,926.1000

Close: 3,927.6000

Mid: 3,932.1000

March - 2024

SunMonTueWedThuFriSat
1

Open: 3,927.5000

Close: 3,943.4000

Mid: 3,935.8500

2
3
4

Open: 3,943.3000

Close: 3,944.9000

Mid: 3,953.0500

5

Open: 3,942.0000

Close: 3,948.9000

Mid: 3,945.9500

6

Open: 3,938.6000

Close: 3,924.0000

Mid: 3,932.1500

7

Open: 3,924.0000

Close: 3,916.7000

Mid: 3,919.7000

8

Open: 3,916.6000

Close: 3,903.8000

Mid: 3,910.0500

9
10
11

Open: 3,904.3000

Close: 3,910.2000

Mid: 3,905.7500

12

Open: 3,910.2000

Close: 3,919.5000

Mid: 3,915.8000

13

Open: 3,919.5000

Close: 3,903.5000

Mid: 3,906.0500

14

Open: 3,903.5000

Close: 3,895.6000

Mid: 3,900.8500

15

Open: 3,895.7000

Close: 3,881.9000

Mid: 3,894.2500

16
17
18

Open: 3,894.1000

Close: 3,888.5000

Mid: 3,887.0500

19

Open: 3,888.6000

Close: 3,876.1000

Mid: 3,885.2500

20

Open: 3,876.0000

Close: 3,880.5000

Mid: 3,883.6000

21

Open: 3,880.5000

Close: 3,889.9000

Mid: 3,881.2500

22

Open: 3,890.0000

Close: 3,890.5000

Mid: 3,899.6500

23
24
25

Open: 3,891.3000

Close: 3,943.1000

Mid: 3,917.2000

26

Open: 3,943.0000

Close: 3,860.8000

Mid: 3,901.9500

27

Open: 3,861.0000

Close: 3,847.0000

Mid: 3,854.6500

28

Open: 3,847.1000

Close: 3,861.6000

Mid: 3,855.0500

29

Open: 3,862.4000

Close: 3,858.5000

Mid: 3,860.6000

30
31

April - 2024

SunMonTueWedThuFriSat
1

Open: 3,860.4000

Close: 3,863.3000

Mid: 3,858.4000

2

Open: 3,863.2000

Close: 3,831.5000

Mid: 3,849.5000

3

Open: 3,831.7000

Close: 3,811.2000

Mid: 3,818.7500

4

Open: 3,811.3000

Close: 3,773.6000

Mid: 3,787.3500

5

Open: 3,773.5000

Close: 3,768.3000

Mid: 3,767.0000

6
7
8

Open: 3,775.1000

Close: 3,774.0000

Mid: 3,769.4500

9

Open: 3,773.9000

Close: 3,769.2000

Mid: 3,768.5000

10

Open: 3,769.2000

Close: 3,807.0000

Mid: 3,793.8000

11

Open: 3,806.8000

Close: 3,827.4000

Mid: 3,817.6500

12

Open: 3,827.5000

Close: 3,858.0000

Mid: 3,850.4500

13
14
15

Open: 3,837.1000

Close: 3,884.4000

Mid: 3,863.4000

16

Open: 3,884.4000

Close: 3,919.5000

Mid: 3,913.2000

17

Open: 3,919.7000

Close: 3,896.6000

Mid: 3,903.8500

18

Open: 3,896.4000

Close: 3,927.6000

Mid: 3,914.7000

19

Open: 3,927.4000

Close: 3,907.8000

Mid: 3,931.1500

20
21
22

Open: 3,908.9000

Close: 3,911.5000

Mid: 3,919.4000

23

Open: 3,911.5000

Close: 3,906.4000

Mid: 3,911.8500

24

Open: 3,906.1000

Close: 3,939.2000

Mid: 3,922.5000

25

Open: 3,939.2000

Close: 3,960.7000

Mid: 3,949.9000

26

Open: 3,957.8000

Close: 3,897.2000

Mid: 3,927.4500

27
28
29

Open: 3,901.7000

Close: 3,909.7000

Mid: 3,901.9000

30

Open: 3,909.7000

Close: 3,906.7000

Mid: 3,883.7000

May - 2024

SunMonTueWedThuFriSat
1

Open: 3,906.9000

Close: 3,915.7000

Mid: 3,911.4000

2

Open: 3,890.2000

Close: 3,900.4000

Mid: 3,901.7500

3

Open: 3,900.3000

Close: 3,910.2000

Mid: 3,899.6000

4
5
6

Open: 3,908.5000

Close: 3,894.6000

Mid: 3,901.0500

7

Open: 3,894.6000

Close: 3,887.8000

Mid: 3,890.3500

8

Open: 3,887.9000

Close: 3,898.6000

Mid: 3,895.4000

9

Open: 3,899.1000

Close: 3,891.8000

Mid: 3,898.4500

10

Open: 3,891.7000

Close: 3,889.4000

Mid: 3,892.5500

11
12
13

Open: 3,889.6000

Close: 3,888.2000

Mid: 3,888.9000

14

Open: 3,880.9000

Close: 3,852.2000

Mid: 3,866.4500

15

Open: 3,852.3000

Close: 3,824.2000

Mid: 3,835.4000

16

Open: 3,824.2000

Close: 3,828.5000

Mid: 3,827.6000

17

Open: 3,828.5000

Close: 3,829.9000

Mid: 3,831.0000

18
19
20

Open: 3,828.3000

Close: 3,818.9000

Mid: 3,825.2000

21

Open: 3,818.9000

Close: 3,817.9000

Mid: 3,820.7500

22

Open: 3,817.9000

Close: 3,830.5000

Mid: 3,826.1000

23

Open: 3,830.4000

Close: 3,866.7000

Mid: 3,845.5000

24

Open: 3,866.8000

Close: 3,876.3000

Mid: 3,873.2500

25
26
27

Open: 3,877.5000

Close: 3,870.9000

Mid: 3,870.0500

28

Open: 3,870.9000

Close: 3,844.0000

Mid: 3,857.4000

29

Open: 3,844.1000

Close: 3,870.8000

Mid: 3,859.4500

30

Open: 3,873.4000

Close: 3,867.4000

Mid: 3,873.0500

31

Open: 3,867.4000

Close: 3,862.1000

Mid: 3,863.1000

June - 2024

SunMonTueWedThuFriSat
1
2
3

Open: 3,874.0000

Close: 3,869.3000

Mid: 3,871.6500

4

Open: 3,888.3000

Close: 3,929.0000

Mid: 3,901.7000

5

Open: 3,929.0000

Close: 3,933.2000

Mid: 3,929.4000

6

Open: 3,933.1000

Close: 3,941.9000

Mid: 3,937.5500

7

Open: 3,941.8000

Close: 3,938.3000

Mid: 3,945.1000

8
9
10

Open: 3,942.1000

Close: 3,969.1000

Mid: 3,968.3500

11

Open: 3,968.8000

Close: 3,961.5000

Mid: 3,951.3000

12

Open: 3,961.6000

Close: 4,025.1000

Mid: 3,993.3500

13

Open: 4,025.3000

Close: 4,130.5000

Mid: 4,072.7500

14

Open: 4,131.4000

Close: 4,137.7000

Mid: 4,144.8000

15
16
17

Open: 4,138.3000

Close: 4,133.6000

Mid: 4,147.0000

18

Open: 4,133.6000

Close: 4,148.6000

Mid: 4,123.4500

19

Open: 4,148.6000

Close: 4,164.4000

Mid: 4,155.4000

20

Open: 4,164.4000

Close: 4,168.0000

Mid: 4,167.1500

21

Open: 4,167.8000

Close: 4,151.2000

Mid: 4,153.2000

22
23
24

Open: 4,146.6000

Close: 4,090.7000

Mid: 4,116.7000

25

Open: 4,090.4000

Close: 4,093.1000

Mid: 4,094.6500

26

Open: 4,092.9000

Close: 4,145.9000

Mid: 4,118.9500

27

Open: 4,146.1000

Close: 4,170.8000

Mid: 4,150.8500

28

Open: 4,171.2000

Close: 4,149.3000

Mid: 4,157.6500

29
30

July - 2024

SunMonTueWedThuFriSat
1

Open: 4,134.9000

Close: 4,137.3000

Mid: 4,136.4000

2

Open: 4,140.0000

Close: 4,118.3000

Mid: 4,127.1500

3

Open: 4,118.4000

Close: 4,109.4000

Mid: 4,115.4000

4

Open: 4,109.1000

Close: 4,094.9000

Mid: 4,101.6000

5

Open: 4,085.8000

Close: 4,083.7000

Mid: 4,092.0000

6
7
8

Open: 4,083.8000

Close: 4,067.2000

Mid: 4,074.0000

9

Open: 4,067.0000

Close: 4,048.7000

Mid: 4,056.5000

10

Open: 4,048.6000

Close: 3,969.7000

Mid: 4,007.3500

11

Open: 3,969.7000

Close: 3,974.9000

Mid: 3,968.1000

12

Open: 3,974.9000

Close: 3,945.2000

Mid: 3,962.5500

13
14
15

Open: 3,991.3000

Close: 3,935.6000

Mid: 3,960.6500

16

Open: 3,935.7000

Close: 3,982.8000

Mid: 3,960.4500

17

Open: 3,982.8000

Close: 3,998.7000

Mid: 3,989.1000

18

Open: 3,998.7000

Close: 4,024.4000

Mid: 4,011.0500

19

Open: 4,024.2000

Close: 4,018.1000

Mid: 4,010.9500

20
21
22

Open: 4,020.3000

Close: 3,994.4000

Mid: 4,016.4500

23

Open: 3,994.3000

Close: 4,014.5000

Mid: 4,005.7500

24

Open: 4,014.6000

Close: 4,046.9000

Mid: 4,030.7000

25

Open: 4,046.9000

Close: 4,028.3000

Mid: 4,033.0000

26

Open: 4,028.1000

Close: 4,033.2000

Mid: 4,031.8500

27
28
29

Open: 4,036.1000

Close: 4,064.7000

Mid: 4,054.5500

30

Open: 4,064.6000

Close: 4,085.4000

Mid: 4,070.2500

31

Open: 4,085.3000

Close: 4,053.8000

Mid: 4,069.5000

August - 2024

SunMonTueWedThuFriSat
1

Open: 4,053.7000

Close: 4,085.1000

Mid: 4,065.2500

2

Open: 4,085.0000

Close: 4,133.2000

Mid: 4,109.1000

3
4
5

Open: 4,181.6000

Close: 4,166.7000

Mid: 4,183.1500

6

Open: 4,166.6000

Close: 4,139.5000

Mid: 4,150.1000

7

Open: 4,139.5000

Close: 4,139.2000

Mid: 4,139.4500

8

Open: 4,139.1000

Close: 4,082.7000

Mid: 4,110.9000

9

Open: 4,082.6000

Close: 4,070.4000

Mid: 4,105.1500

10
11
12

Open: 4,070.5000

Close: 4,051.0000

Mid: 4,060.7500

13

Open: 4,051.1000

Close: 4,035.5000

Mid: 4,048.3500

14

Open: 4,035.5000

Close: 4,016.1000

Mid: 4,025.8000

15

Open: 4,016.1000

Close: 4,007.8000

Mid: 4,013.3000

16

Open: 4,007.8000

Close: 4,026.2000

Mid: 4,017.0000

17
18
19

Open: 4,029.6000

Close: 4,029.3000

Mid: 4,029.4500

20

Open: 4,029.3000

Close: 4,007.6000

Mid: 4,018.1000

21

Open: 4,007.5000

Close: 4,028.2000

Mid: 4,018.2500

22

Open: 4,028.2000

Close: 4,064.1000

Mid: 4,050.0000

23

Open: 4,067.7000

Close: 4,028.3000

Mid: 4,044.9500

24
25
26

Open: 4,027.7000

Close: 4,025.6000

Mid: 4,023.6500

27

Open: 4,025.8000

Close: 4,041.9000

Mid: 4,036.8000

28

Open: 4,041.9000

Close: 4,083.8000

Mid: 4,060.3500

29

Open: 4,083.9000

Close: 4,126.9000

Mid: 4,111.9500

30

Open: 4,126.9000

Close: 4,175.7000

Mid: 4,147.5000

31

September - 2024

SunMonTueWedThuFriSat
1
2

Open: 4,127.6000

Close: 4,149.5000

Mid: 4,145.5500

3

Open: 4,149.3000

Close: 4,184.1000

Mid: 4,167.1500

4

Open: 4,184.0000

Close: 4,179.8000

Mid: 4,183.6000

5

Open: 4,179.9000

Close: 4,167.4000

Mid: 4,173.6500

6

Open: 4,167.5000

Close: 4,172.9000

Mid: 4,161.9500

7
8
9

Open: 4,173.1000

Close: 4,212.6000

Mid: 4,196.7500

10

Open: 4,212.5000

Close: 4,285.7000

Mid: 4,253.5000

11

Open: 4,278.9000

Close: 4,269.7000

Mid: 4,275.4000

12

Open: 4,269.7000

Close: 4,211.8000

Mid: 4,242.4000

13

Open: 4,211.7000

Close: 4,178.4000

Mid: 4,191.1000

14
15
16

Open: 4,217.1000

Close: 4,227.8000

Mid: 4,211.1500

17

Open: 4,228.3000

Close: 4,203.6000

Mid: 4,217.9500

18

Open: 4,203.8000

Close: 4,187.2000

Mid: 4,206.3500

19

Open: 4,187.2000

Close: 4,163.9000

Mid: 4,175.0000

20

Open: 4,164.0000

Close: 4,154.1000

Mid: 4,159.6500

21
22
23

Open: 4,154.1000

Close: 4,162.2000

Mid: 4,155.8000

24

Open: 4,162.2000

Close: 4,150.4000

Mid: 4,151.3000

25

Open: 4,150.4000

Close: 4,199.2000

Mid: 4,175.8500

26

Open: 4,199.2000

Close: 4,162.0000

Mid: 4,180.7000

27

Open: 4,162.6000

Close: 4,174.4000

Mid: 4,162.8000

28
29
30

Open: 4,157.7000

Close: 4,190.9000

Mid: 4,174.3000

October - 2024

SunMonTueWedThuFriSat
1

Open: 4,191.0000

Close: 4,223.3000

Mid: 4,212.2000

2

Open: 4,223.2000

Close: 4,185.3000

Mid: 4,204.5000

3

Open: 4,185.3000

Close: 4,189.1000

Mid: 4,192.2000

4

Open: 4,189.1000

Close: 4,170.0000

Mid: 4,181.3000

5
6
7

Open: 4,167.4000

Close: 4,214.4000

Mid: 4,188.5000

8

Open: 4,214.3000

Close: 4,231.2000

Mid: 4,230.3000

9

Open: 4,231.2000

Close: 4,233.7000

Mid: 4,234.1000

10

Open: 4,233.8000

Close: 4,213.7000

Mid: 4,221.7000

11

Open: 4,213.7000

Close: 4,208.9000

Mid: 4,204.5500

12
13
14

Open: 4,213.0000

Close: 4,210.6000

Mid: 4,211.8000

15

Open: 4,210.5000

Close: 4,244.9000

Mid: 4,228.9000

16

Open: 4,244.9000

Close: 4,259.8000

Mid: 4,255.3500

17

Open: 4,259.8000

Close: 4,252.0000

Mid: 4,260.3000

18

Open: 4,252.0000

Close: 4,268.5000

Mid: 4,254.3500

19
20
21

Open: 4,276.6000

Close: 4,279.8000

Mid: 4,285.5000

22

Open: 4,279.5000

Close: 4,263.8000

Mid: 4,269.9000

23

Open: 4,263.8000

Close: 4,310.8000

Mid: 4,288.0000

24

Open: 4,310.7000

Close: 4,295.6000

Mid: 4,306.9000

25

Open: 4,295.5000

Close: 4,326.8000

Mid: 4,313.0500

26
27
28

Open: 4,331.3000

Close: 4,351.6000

Mid: 4,340.5500

29

Open: 4,351.9000

Close: 4,394.4000

Mid: 4,367.2000

30

Open: 4,394.5000

Close: 4,413.9000

Mid: 4,388.3000

31

Open: 4,413.9000

Close: 4,420.4000

Mid: 4,412.3500

November - 2024

SunMonTueWedThuFriSat
1

Open: 4,420.4000

Close: 4,426.7000

Mid: 4,415.4500

2
3
4

Open: 4,425.6000

Close: 4,414.3000

Mid: 4,418.3000

5

Open: 4,426.4000

Close: 4,418.1000

Mid: 4,420.1000

6

Open: 4,456.2000

Close: 4,412.0000

Mid: 4,433.4500

7

Open: 4,394.5000

Close: 4,322.2000

Mid: 4,357.8500

8

Open: 4,323.2000

Close: 4,359.2000

Mid: 4,344.3500

9
10
11

Open: 4,359.4000

Close: 4,360.6000

Mid: 4,360.0000

12

Open: 4,362.4000

Close: 4,437.6000

Mid: 4,400.8000

13

Open: 4,457.8000

Close: 4,478.4000

Mid: 4,464.0500

14

Open: 4,478.7000

Close: 4,483.8000

Mid: 4,475.5000

15

Open: 4,484.4000

Close: 4,442.6000

Mid: 4,461.8500

16
17
18

Open: 4,430.4000

Close: 4,397.8000

Mid: 4,408.8000

19

Open: 4,403.0000

Close: 4,395.3000

Mid: 4,406.6500

20

Open: 4,391.6000

Close: 4,393.5000

Mid: 4,399.9000

21

Open: 4,394.2000

Close: 4,389.5000

Mid: 4,395.5500

22

Open: 4,389.7000

Close: 4,419.4000

Mid: 4,405.5000

23
24
25

Open: 4,416.5000

Close: 4,387.2000

Mid: 4,390.6500

26

Open: 4,390.6000

Close: 4,403.9000

Mid: 4,398.2500

27

Open: 4,403.9000

Close: 4,385.7000

Mid: 4,399.0500

28

Open: 4,385.9000

Close: 4,416.5000

Mid: 4,398.9500

29

Open: 4,416.6000

Close: 4,427.9000

Mid: 4,417.8500

30

December - 2024

SunMonTueWedThuFriSat
1
2

Open: 4,433.0000

Close: 4,459.2000

Mid: 4,456.4000

3

Open: 4,465.0000

Close: 4,436.8000

Mid: 4,450.2500

4

Open: 4,443.9000

Close: 4,425.6000

Mid: 4,429.6000

5

Open: 4,448.5000

Close: 4,414.2000

Mid: 4,428.7500

6

Open: 4,415.4000

Close: 4,409.4000

Mid: 4,406.6000

7
8
9

Open: 4,421.4000

Close: 4,374.2000

Mid: 4,397.8000

10

Open: 4,377.1000

Close: 4,371.8000

Mid: 4,386.8000

11

Open: 4,375.0000

Close: 4,351.4000

Mid: 4,363.2000

12

Open: 4,350.4000

Close: 4,345.0000

Mid: 4,337.7500

13

Open: 4,353.3000

Close: 4,340.8000

Mid: 4,351.5500

14
15
16

Open: 4,340.7000

Close: 4,319.5000

Mid: 4,326.6500

17

Open: 4,319.5000

Close: 4,346.9000

Mid: 4,338.3000

18

Open: 4,347.1000

Close: 4,372.8000

Mid: 4,359.3000

19

Open: 4,396.9000

Close: 4,378.4000

Mid: 4,391.7500

20

Open: 4,378.4000

Close: 4,386.6000

Mid: 4,377.5500

21
22
23
24
25
26
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.

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.