Best U.S. Dollar / Japanese Yen Exchange Rate Today: 157.2510
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 156.7792, and the most competitive travel money / cash rates start at approximately 155.8357.
Live rate: 1 USD = 157.2510 JPY (+0.05% )
Inverted: 1 JPY = 0.0064 USD
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 | 157.2510 | 0 | 155.6785 | |||
156.7792 (indicative) | 0 | 156.7792 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | ||
156.1502 (indicative) | 0 | 156.1502 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | ||
157.2510 | 0.81% | 155.9773 | 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. | ||
155.8357 | 0 | 155.8357 | 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 | 152.8480 (upper range) | Variable | 152.8480 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 151.7472 (lower range) | Variable | 151.7472 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal | 150.1747 | 0 | 150.1747 | International Payments and Transfers |
Ranking Snapshot
Horizon Currency
payments
Wise
payments
Revolut
payments, cash
Global Reach
payments
Travel FX
holiday cash
Covent Garden FX
holiday cash
Moneycorp
payments
Tesco
cash
Post Office
cash
HSBC
representative of high street bank rates
About the rankings
USD/JPY Live Chart and Data
« | » |
January - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 141.0290 Close: 141.0290 Mid: 141.0290 | 2 Open: 141.0200 Close: 141.9920 Mid: 141.5165 | 3 Open: 141.9920 Close: 143.3000 Mid: 142.7945 | 4 Open: 143.2890 Close: 144.6150 Mid: 143.8545 | 5 Open: 144.6210 Close: 144.6360 Mid: 144.8930 | 6 | |
7 | 8 Open: 144.6340 Close: 144.2160 Mid: 144.2900 | 9 Open: 144.2350 Close: 144.4830 Mid: 144.0235 | 10 Open: 144.4790 Close: 145.7650 Mid: 145.0750 | 11 Open: 145.7540 Close: 145.2830 Mid: 145.7455 | 12 Open: 145.2810 Close: 144.9130 Mid: 144.9600 | 13 |
14 | 15 Open: 144.9150 Close: 145.7770 Mid: 145.4255 | 16 Open: 145.7370 Close: 147.1830 Mid: 146.4495 | 17 Open: 147.1850 Close: 148.1830 Mid: 147.8010 | 18 Open: 148.1610 Close: 148.1230 Mid: 147.9795 | 19 Open: 148.1590 Close: 148.1560 Mid: 148.3235 | 20 |
21 | 22 Open: 148.3000 Close: 148.1390 Mid: 147.9615 | 23 Open: 148.1100 Close: 148.3750 Mid: 147.8455 | 24 Open: 148.3670 Close: 147.5030 Mid: 147.5465 | 25 Open: 147.5080 Close: 147.6680 Mid: 147.5060 | 26 Open: 147.6580 Close: 148.1330 Mid: 147.8395 | 27 |
28 | 29 Open: 148.1300 Close: 147.5050 Mid: 147.7970 | 30 Open: 147.5040 Close: 147.6080 Mid: 147.5140 | 31 Open: 147.6040 Close: 146.9620 Mid: 146.9520 |
February - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 146.9340 Close: 146.4290 Mid: 146.5080 | 2 Open: 146.4260 Close: 148.3880 Mid: 147.4150 | 3 | ||||
4 | 5 Open: 148.3530 Close: 148.6930 Mid: 148.5830 | 6 Open: 148.6770 Close: 147.9360 Mid: 148.3075 | 7 Open: 147.9450 Close: 148.1830 Mid: 147.9470 | 8 Open: 148.1830 Close: 149.3320 Mid: 148.7070 | 9 Open: 149.3210 Close: 149.2830 Mid: 149.2955 | 10 |
11 | 12 Open: 149.2360 Close: 149.3520 Mid: 149.2040 | 13 Open: 149.3470 Close: 150.8030 Mid: 150.0700 | 14 Open: 150.7950 Close: 150.5940 Mid: 150.5935 | 15 Open: 150.5920 Close: 149.9390 Mid: 150.0760 | 16 Open: 149.9310 Close: 150.1780 Mid: 150.2390 | 17 |
18 | 19 Open: 150.1800 Close: 150.1290 Mid: 150.0345 | 20 Open: 150.1280 Close: 149.9960 Mid: 150.0625 | 21 Open: 150.0000 Close: 150.2960 Mid: 150.1235 | 22 Open: 150.3010 Close: 150.5370 Mid: 150.3535 | 23 Open: 150.5340 Close: 150.5410 Mid: 150.5335 | 24 |
25 | 26 Open: 150.4700 Close: 150.7170 Mid: 150.5670 | 27 Open: 150.7040 Close: 150.5140 Mid: 150.3970 | 28 Open: 150.5130 Close: 150.7070 Mid: 150.6100 | 29 Open: 150.6920 Close: 149.9780 Mid: 149.9535 |
March - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 149.9770 Close: 150.1260 Mid: 150.3395 | 2 | |||||
3 | 4 Open: 150.0350 Close: 150.5320 Mid: 150.2055 | 5 Open: 150.5320 Close: 150.0620 Mid: 150.1290 | 6 Open: 150.0480 Close: 149.3980 Mid: 149.5905 | 7 Open: 149.3950 Close: 148.0490 Mid: 148.4945 | 8 Open: 148.0490 Close: 147.0720 Mid: 147.3035 | 9 |
10 | 11 Open: 146.7390 Close: 146.9440 Mid: 146.8190 | 12 Open: 146.9420 Close: 147.6670 Mid: 147.3695 | 13 Open: 147.6660 Close: 147.7560 Mid: 147.6430 | 14 Open: 147.7550 Close: 148.3190 Mid: 147.9000 | 15 Open: 148.3210 Close: 149.0700 Mid: 148.5985 | 16 |
17 | 18 Open: 148.9660 Close: 149.1490 Mid: 149.1200 | 19 Open: 149.1490 Close: 150.8580 Mid: 149.9985 | 20 Open: 150.8590 Close: 151.2560 Mid: 151.2740 | 21 Open: 151.2610 Close: 151.6240 Mid: 151.0105 | 22 Open: 151.6230 Close: 151.4450 Mid: 151.4360 | 23 |
24 | 25 Open: 151.3540 Close: 151.4160 Mid: 151.3000 | 26 Open: 151.4170 Close: 151.5610 Mid: 151.4055 | 27 Open: 151.5610 Close: 151.3270 Mid: 151.5000 | 28 Open: 151.3270 Close: 151.3780 Mid: 151.3490 | 29 Open: 151.3780 Close: 151.3390 Mid: 151.3360 | 30 |
31 |
April - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 151.3150 Close: 151.6480 Mid: 151.4995 | 2 Open: 151.6480 Close: 151.5550 Mid: 151.6315 | 3 Open: 151.5550 Close: 151.6940 Mid: 151.6985 | 4 Open: 151.6940 Close: 151.3440 Mid: 151.4465 | 5 Open: 151.3450 Close: 151.6260 Mid: 151.2835 | 6 | |
7 | 8 Open: 151.6230 Close: 151.8170 Mid: 151.7665 | 9 Open: 151.8160 Close: 151.7810 Mid: 151.7530 | 10 Open: 151.7780 Close: 153.1750 Mid: 152.4600 | 11 Open: 153.1740 Close: 153.2680 Mid: 153.0415 | 12 Open: 153.2670 Close: 153.2790 Mid: 152.9925 | 13 |
14 | 15 Open: 153.0570 Close: 154.2750 Mid: 153.7285 | 16 Open: 154.2750 Close: 154.7170 Mid: 154.3550 | 17 Open: 154.7150 Close: 154.3820 Mid: 154.4480 | 18 Open: 154.3830 Close: 154.6420 Mid: 154.3200 | 19 Open: 154.6410 Close: 154.6430 Mid: 154.1325 | 20 |
21 | 22 Open: 154.5970 Close: 154.8410 Mid: 154.6740 | 23 Open: 154.8400 Close: 154.8320 Mid: 154.7200 | 24 Open: 154.8320 Close: 155.3480 Mid: 155.0535 | 25 Open: 155.3480 Close: 155.6550 Mid: 155.4725 | 26 Open: 155.6520 Close: 158.3440 Mid: 156.7080 | 27 |
28 | 29 Open: 157.9660 Close: 156.3380 Mid: 157.3600 | 30 Open: 156.3380 Close: 157.8000 Mid: 156.9555 |
May - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 157.7980 Close: 154.5220 Mid: 155.5160 | 2 Open: 154.5240 Close: 153.6160 Mid: 154.6745 | 3 Open: 153.6200 Close: 152.9990 Mid: 152.8170 | 4 | |||
5 | 6 Open: 152.9700 Close: 153.9100 Mid: 153.4245 | 7 Open: 153.9090 Close: 154.6920 Mid: 154.3075 | 8 Open: 154.6930 Close: 155.5300 Mid: 155.1290 | 9 Open: 155.5260 Close: 155.4710 Mid: 155.5620 | 10 Open: 155.4730 Close: 155.7740 Mid: 155.5850 | 11 |
12 | 13 Open: 155.7020 Close: 156.2200 Mid: 155.8840 | 14 Open: 156.2190 Close: 156.4200 Mid: 156.4620 | 15 Open: 156.4190 Close: 154.8850 Mid: 155.6280 | 16 Open: 154.8840 Close: 155.3920 Mid: 154.5655 | 17 Open: 155.3930 Close: 155.6720 Mid: 155.6165 | 18 |
19 | 20 Open: 155.6510 Close: 156.2610 Mid: 155.9010 | 21 Open: 156.2600 Close: 156.1690 Mid: 156.1995 | 22 Open: 156.1680 Close: 156.8000 Mid: 156.4820 | 23 Open: 156.7990 Close: 156.9360 Mid: 156.8630 | 24 Open: 156.9370 Close: 156.9960 Mid: 156.9855 | 25 |
26 | 27 Open: 156.9540 Close: 156.8770 Mid: 156.8140 | 28 Open: 156.8760 Close: 157.1740 Mid: 156.8935 | 29 Open: 157.1720 Close: 157.6380 Mid: 157.3100 | 30 Open: 157.6370 Close: 156.8270 Mid: 157.0265 | 31 Open: 156.8260 Close: 157.2850 Mid: 156.9635 |
June - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 157.3020 Close: 156.0780 Mid: 156.7110 | 4 Open: 156.0770 Close: 154.8880 Mid: 155.5180 | 5 Open: 154.8860 Close: 156.1090 Mid: 155.6385 | 6 Open: 156.1080 Close: 155.6050 Mid: 155.9030 | 7 Open: 155.6060 Close: 156.7380 Mid: 156.0990 | 8 |
9 | 10 Open: 156.7120 Close: 157.0360 Mid: 156.9495 | 11 Open: 157.0350 Close: 157.1220 Mid: 157.1040 | 12 Open: 157.1190 Close: 156.7240 Mid: 156.5450 | 13 Open: 156.7210 Close: 157.0300 Mid: 156.9500 | 14 Open: 157.0310 Close: 157.3990 Mid: 157.5725 | 15 |
16 | 17 Open: 157.3740 Close: 157.7400 Mid: 157.5600 | 18 Open: 157.7400 Close: 157.8610 Mid: 157.8755 | 19 Open: 157.8620 Close: 158.0900 Mid: 157.8605 | 20 Open: 158.0910 Close: 158.9290 Mid: 158.4335 | 21 Open: 158.9290 Close: 159.7590 Mid: 159.2525 | 22 |
23 | 24 Open: 159.8180 Close: 159.6220 Mid: 159.3505 | 25 Open: 159.6190 Close: 159.7000 Mid: 159.4770 | 26 Open: 159.7000 Close: 160.8040 Mid: 160.2420 | 27 Open: 160.8040 Close: 160.7770 Mid: 160.5560 | 28 Open: 160.7770 Close: 160.8840 Mid: 160.7675 | 29 |
30 |
July - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 160.7240 Close: 161.4630 Mid: 161.2260 | 2 Open: 161.4620 Close: 161.4420 Mid: 161.5090 | 3 Open: 161.4400 Close: 161.6930 Mid: 161.3635 | 4 Open: 161.6920 Close: 161.2700 Mid: 161.3205 | 5 Open: 161.2700 Close: 160.7790 Mid: 160.8700 | 6 | |
7 | 8 Open: 160.7070 Close: 160.8360 Mid: 160.6900 | 9 Open: 160.8070 Close: 161.3230 Mid: 161.1230 | 10 Open: 161.3230 Close: 161.6930 Mid: 161.5340 | 11 Open: 161.6920 Close: 158.8530 Mid: 159.5970 | 12 Open: 158.8510 Close: 157.9000 Mid: 158.4185 | 13 |
14 | 15 Open: 157.9110 Close: 158.0640 Mid: 157.7955 | 16 Open: 158.0640 Close: 158.3530 Mid: 158.4380 | 17 Open: 158.3530 Close: 156.1890 Mid: 157.3400 | 18 Open: 156.1900 Close: 157.3630 Mid: 156.3885 | 19 Open: 157.3630 Close: 157.4770 Mid: 157.4165 | 20 |
21 | 22 Open: 157.3620 Close: 157.0430 Mid: 156.9520 | 23 Open: 157.0430 Close: 155.5940 Mid: 156.3345 | 24 Open: 155.5930 Close: 153.8900 Mid: 154.5510 | 25 Open: 153.8910 Close: 153.9280 Mid: 153.1315 | 26 Open: 153.9280 Close: 153.7630 Mid: 153.9310 | 27 |
28 | 29 Open: 153.9200 Close: 154.0200 Mid: 153.6855 | 30 Open: 154.0170 Close: 152.7590 Mid: 153.9435 | 31 Open: 152.7610 Close: 149.9800 Mid: 151.7455 |
August - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 149.9790 Close: 149.3560 Mid: 149.6975 | 2 Open: 149.3580 Close: 146.5400 Mid: 148.0970 | 3 | ||||
4 | 5 Open: 146.6530 Close: 144.1760 Mid: 144.1755 | 6 Open: 144.1770 Close: 144.3310 Mid: 144.9925 | 7 Open: 144.3320 Close: 146.6840 Mid: 146.1005 | 8 Open: 146.6850 Close: 147.2100 Mid: 146.4840 | 9 Open: 147.2090 Close: 146.6160 Mid: 147.0425 | 10 |
11 | 12 Open: 146.5200 Close: 147.2080 Mid: 147.3705 | 13 Open: 147.2070 Close: 146.8270 Mid: 147.2745 | 14 Open: 146.8270 Close: 147.3330 Mid: 146.8275 | 15 Open: 147.3320 Close: 149.2920 Mid: 148.2220 | 16 Open: 149.2920 Close: 147.6060 Mid: 148.4620 | 17 |
18 | 19 Open: 147.6780 Close: 146.5980 Mid: 146.6215 | 20 Open: 146.5990 Close: 145.2680 Mid: 146.2690 | 21 Open: 145.2680 Close: 145.2590 Mid: 145.6600 | 22 Open: 145.2590 Close: 146.2840 Mid: 145.6885 | 23 Open: 146.2830 Close: 144.3630 Mid: 145.2680 | 24 |
25 | 26 Open: 144.2610 Close: 144.5260 Mid: 144.0520 | 27 Open: 144.5290 Close: 143.9660 Mid: 144.5465 | 28 Open: 143.9670 Close: 144.5920 Mid: 144.3650 | 29 Open: 144.5900 Close: 144.9860 Mid: 144.8880 | 30 Open: 144.9860 Close: 146.1850 Mid: 145.4530 | 31 |
September - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 146.1460 Close: 146.9190 Mid: 146.4760 | 3 Open: 146.9180 Close: 145.4760 Mid: 146.1855 | 4 Open: 145.4780 Close: 143.7350 Mid: 144.6355 | 5 Open: 143.7370 Close: 143.4470 Mid: 143.5425 | 6 Open: 143.4470 Close: 142.3020 Mid: 142.9240 | 7 |
8 | 9 Open: 142.3540 Close: 143.1730 Mid: 142.8905 | 10 Open: 143.1740 Close: 142.4500 Mid: 142.9535 | 11 Open: 142.4490 Close: 142.3610 Mid: 141.6270 | 12 Open: 142.3600 Close: 141.8180 Mid: 142.3865 | 13 Open: 141.8180 Close: 140.8290 Mid: 141.0790 | 14 |
15 | 16 Open: 140.7500 Close: 140.6140 Mid: 140.2455 | 17 Open: 140.6140 Close: 142.4100 Mid: 141.3965 | 18 Open: 142.4080 Close: 142.2830 Mid: 141.5750 | 19 Open: 142.2820 Close: 142.6280 Mid: 142.9170 | 20 Open: 142.6280 Close: 143.8990 Mid: 143.1155 | 21 |
22 | 23 Open: 143.8480 Close: 143.6110 Mid: 143.8110 | 24 Open: 143.6110 Close: 143.2270 Mid: 143.8975 | 25 Open: 143.2270 Close: 144.7540 Mid: 143.8775 | 26 Open: 144.7560 Close: 144.8120 Mid: 144.6600 | 27 Open: 144.8130 Close: 142.1740 Mid: 144.2805 | 28 |
29 | 30 Open: 142.0900 Close: 143.6370 Mid: 142.7835 |
October - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 143.6380 Close: 143.5660 Mid: 143.7545 | 2 Open: 143.5670 Close: 146.4690 Mid: 144.9695 | 3 Open: 146.4650 Close: 146.9330 Mid: 146.7655 | 4 Open: 146.9310 Close: 148.7240 Mid: 147.4620 | 5 | ||
6 | 7 Open: 148.8650 Close: 148.1860 Mid: 148.4855 | 8 Open: 148.1840 Close: 148.1990 Mid: 147.8660 | 9 Open: 148.1990 Close: 149.3100 Mid: 148.6885 | 10 Open: 149.3070 Close: 148.5730 Mid: 148.9550 | 11 Open: 148.5710 Close: 149.1260 Mid: 148.8450 | 12 |
13 | 14 Open: 149.0610 Close: 149.7600 Mid: 149.5185 | 15 Open: 149.7600 Close: 149.2090 Mid: 149.3430 | 16 Open: 149.2110 Close: 149.6350 Mid: 149.3445 | 17 Open: 149.6350 Close: 150.2150 Mid: 149.7855 | 18 Open: 150.2130 Close: 149.5290 Mid: 149.8255 | 19 |
20 | 21 Open: 149.5660 Close: 150.8470 Mid: 149.9900 | 22 Open: 150.8420 Close: 151.0820 Mid: 150.8480 | 23 Open: 151.0790 Close: 152.7620 Mid: 152.1030 | 24 Open: 152.7550 Close: 151.8260 Mid: 152.1920 | 25 Open: 151.8260 Close: 152.3020 Mid: 151.9205 | 26 |
27 | 28 Open: 153.0570 Close: 153.2860 Mid: 153.1420 | 29 Open: 153.2850 Close: 153.3580 Mid: 153.3125 | 30 Open: 153.3590 Close: 153.4180 Mid: 153.1375 | 31 Open: 153.4180 Close: 152.0310 Mid: 152.7065 |
November - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 152.0320 Close: 152.9760 Mid: 152.4425 | 2 | |||||
3 | 4 Open: 152.1600 Close: 152.1340 Mid: 152.0295 | 5 Open: 152.1320 Close: 151.6230 Mid: 151.9410 | 6 Open: 151.6230 Close: 154.6360 Mid: 152.9965 | 7 Open: 154.6360 Close: 152.9420 Mid: 153.7030 | 8 Open: 152.9420 Close: 152.6300 Mid: 152.7580 | 9 |
10 | 11 Open: 152.6840 Close: 153.7160 Mid: 153.3170 | 12 Open: 153.7160 Close: 154.6180 Mid: 154.1665 | 13 Open: 154.6200 Close: 155.4780 Mid: 154.9835 | 14 Open: 155.4740 Close: 156.2710 Mid: 155.8815 | 15 Open: 156.2710 Close: 154.3450 Mid: 155.3055 | 16 |
17 | 18 Open: 154.2900 Close: 154.6750 Mid: 154.6065 | 19 Open: 154.6760 Close: 154.6600 Mid: 154.0410 | 20 Open: 154.6600 Close: 155.4420 Mid: 155.2080 | 21 Open: 155.4410 Close: 154.5410 Mid: 154.6785 | 22 Open: 154.5400 Close: 154.7670 Mid: 154.4950 | 23 |
24 | 25 Open: 154.1760 Close: 154.1970 Mid: 154.1380 | 26 Open: 154.1980 Close: 153.0840 Mid: 153.7385 | 27 Open: 153.0830 Close: 151.1130 Mid: 151.8470 | 28 Open: 151.1110 Close: 151.5500 Mid: 151.4400 | 29 Open: 151.5500 Close: 149.7220 Mid: 150.5180 | 30 |
December - 2024
Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 149.7430 Close: 149.5960 Mid: 149.9160 | 3 Open: 149.5950 Close: 149.6100 Mid: 149.4410 | 4 Open: 149.6120 Close: 150.5910 Mid: 150.3780 | 5 Open: 150.5920 Close: 150.0860 Mid: 150.2120 | 6 Open: 150.0870 Close: 150.0310 Mid: 150.0360 | 7 |
8 | 9 Open: 149.8460 Close: 151.2010 Mid: 150.5225 | 10 Open: 151.1980 Close: 151.9640 Mid: 151.5395 | 11 Open: 151.9630 Close: 152.4560 Mid: 151.9255 | 12 Open: 152.4540 Close: 152.6370 Mid: 152.2895 | 13 Open: 152.6370 Close: 153.6440 Mid: 153.1315 | 14 |
15 | 16 Open: 153.6490 Close: 154.1320 Mid: 153.9040 | 17 Open: 154.1300 Close: 153.4750 Mid: 153.7520 | 18 Open: 153.4710 Close: 154.7910 Mid: 154.1010 | 19 Open: 154.7920 Close: 157.4370 Mid: 156.1240 | 20 Open: 157.4370 Close: 156.4130 Mid: 156.9420 | 21 |
22 | 23 Open: 156.3860 Close: 157.1670 Mid: 156.8060 | 24 Open: 157.1680 Close: 157.0750 Mid: 157.2280 | 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.
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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