Best Australian Dollar / Japanese Yen Exchange Rate Today: 93.7135
Compare international payments, cash buys, travel money.
Live rate: 1 AUD = 93.7135 JPY
Inverted: 1 JPY = 0.0107 AUD
| Provider | Exchange Rate | Fee | Recipient gets | Service | Notes | Action |
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Live Market Rate |
93.7135 |
 Set Alert
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93.4324 | 0 | 93.4324 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
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93.0575 | 0 | 93.0575 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
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92.8701 | 0 | 92.8701 | 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. | |
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Best Bank Rate 
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91.0895 | Variable | 91.0895 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
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Worst Bank Rate
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90.4335 | Variable | 90.4335 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
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Airport Pickup 
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92.3078 | 0 | 92.3078 | Holiday FX, Cash Delivery | Booking Online prior to pickup is the key to getting a good rate |
AUD/JPY Live Chart and Data
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January - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 83.6835 Close: 83.6623 Mid: 83.6730 | ||||||
2 Open: 83.6623 Close: 83.6903 Mid: 83.9833 | 3 Open: 83.6804 Close: 82.9945 Mid: 83.3076 | 4 Open: 82.9939 Close: 84.1155 Mid: 83.6307 | 5 Open: 84.0964 Close: 83.8541 Mid: 83.9903 | 6 Open: 83.8377 Close: 82.9977 Mid: 83.2210 | 7 Open: 82.9919 Close: 82.9637 Mid: 82.8964 | 8 Open: 82.9817 Close: 83.0068 Mid: 82.9859 |
9 Open: 83.0068 Close: 82.9997 Mid: 83.2381 | 10 Open: 83.0016 Close: 82.7823 Mid: 82.8802 | 11 Open: 82.7734 Close: 83.1425 Mid: 82.8991 | 12 Open: 83.1554 Close: 83.5038 Mid: 83.3924 | 13 Open: 83.4971 Close: 83.0782 Mid: 83.3811 | 14 Open: 83.0965 Close: 82.3799 Mid: 82.5095 | 15 Open: 82.4001 Close: 82.6002 Mid: 82.4900 |
16 Open: 82.6002 Close: 82.4810 Mid: 82.6365 | 17 Open: 82.4889 Close: 82.6103 Mid: 82.6726 | 18 Open: 82.6159 Close: 82.3258 Mid: 82.5216 | 19 Open: 82.3459 Close: 82.5131 Mid: 82.4865 | 20 Open: 82.5271 Close: 82.2471 Mid: 82.6350 | 21 Open: 82.2608 Close: 81.9506 Mid: 81.8910 | 22 Open: 81.9389 Close: 81.9417 Mid: 81.9462 |
23 Open: 81.9417 Close: 81.7878 Mid: 81.7706 | 24 Open: 81.7825 Close: 81.5587 Mid: 81.2984 | 25 Open: 81.5712 Close: 81.5125 Mid: 81.5931 | 26 Open: 81.5368 Close: 81.6974 Mid: 81.6554 | 27 Open: 81.6949 Close: 81.1371 Mid: 81.3231 | 28 Open: 81.1686 Close: 80.5573 Mid: 80.7531 | 29 Open: 80.5573 Close: 80.8660 Mid: 80.7116 |
30 Open: 80.8660 Close: 80.6375 Mid: 80.7376 | 31 Open: 80.6457 Close: 81.3720 Mid: 81.1466 |
February - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 81.3741 Close: 81.8470 Mid: 81.4839 | 2 Open: 81.8437 Close: 81.4432 Mid: 81.6903 | 3 Open: 81.4458 Close: 82.1114 Mid: 81.7049 | 4 Open: 82.1123 Close: 82.1918 Mid: 81.6414 | 5 Open: 82.1918 Close: 81.6996 Mid: 81.9456 | ||
6 Open: 81.6996 Close: 81.5832 Mid: 81.8574 | 7 Open: 81.5887 Close: 82.0102 Mid: 81.7628 | 8 Open: 82.0093 Close: 82.5435 Mid: 82.3107 | 9 Open: 82.5494 Close: 82.9628 Mid: 82.8228 | 10 Open: 82.9673 Close: 83.1070 Mid: 83.2603 | 11 Open: 83.1141 Close: 83.6351 Mid: 83.2382 | 12 Open: 82.8347 Close: 82.4255 Mid: 83.0195 |
13 Open: 82.4255 Close: 82.6007 Mid: 82.5180 | 14 Open: 82.5755 Close: 82.3972 Mid: 82.3062 | 15 Open: 82.4060 Close: 82.6661 Mid: 82.4843 | 16 Open: 82.6651 Close: 83.0177 Mid: 82.9635 | 17 Open: 82.9920 Close: 82.5741 Mid: 82.8418 | 18 Open: 82.5436 Close: 82.5334 Mid: 82.6739 | 19 Open: 82.5370 Close: 82.5370 Mid: 82.6202 |
20 Open: 82.5370 Close: 82.4456 Mid: 82.5449 | 21 Open: 82.4449 Close: 82.3304 Mid: 82.6018 | 22 Open: 82.3424 Close: 83.1739 Mid: 82.8499 | 23 Open: 83.1783 Close: 83.0446 Mid: 83.3158 | 24 Open: 83.0462 Close: 82.7580 Mid: 82.6251 | 25 Open: 82.7321 Close: 84.4539 Mid: 83.1485 | 26 Open: 83.8438 Close: 83.5635 Mid: 84.0087 |
27 Open: 83.5635 Close: 83.0552 Mid: 83.4016 | 28 Open: 83.0472 Close: 83.5315 Mid: 83.3297 |
March - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 83.5490 Close: 83.3572 Mid: 83.4265 | 2 Open: 83.3826 Close: 84.2536 Mid: 83.9030 | 3 Open: 84.2468 Close: 84.7256 Mid: 84.5098 | 4 Open: 84.6971 Close: 85.3126 Mid: 84.9708 | 5 Open: 84.7093 Close: 84.7093 Mid: 85.0083 | ||
6 Open: 84.7093 Close: 84.9818 Mid: 84.7738 | 7 Open: 84.9911 Close: 84.5576 Mid: 84.9662 | 8 Open: 84.5528 Close: 84.0943 Mid: 84.3280 | 9 Open: 84.1204 Close: 84.7927 Mid: 84.6623 | 10 Open: 84.8078 Close: 85.5916 Mid: 85.1667 | 11 Open: 85.5826 Close: 85.4999 Mid: 85.5958 | 12 Open: 86.0833 Close: 86.0833 Mid: 85.8596 |
13 Open: 86.0833 Close: 85.7782 Mid: 85.8065 | 14 Open: 85.7623 Close: 85.1101 Mid: 85.4273 | 15 Open: 85.0989 Close: 85.0744 Mid: 84.9855 | 16 Open: 85.0735 Close: 86.6351 Mid: 85.8763 | 17 Open: 86.6384 Close: 87.4570 Mid: 87.1231 | 18 Open: 87.4622 Close: 88.4721 Mid: 88.3137 | 19 Open: 88.5636 Close: 88.5636 Mid: 88.5149 |
20 Open: 88.5636 Close: 88.3693 Mid: 88.5301 | 21 Open: 88.3713 Close: 88.4484 Mid: 88.2249 | 22 Open: 88.4349 Close: 90.5407 Mid: 89.5283 | 23 Open: 90.5451 Close: 90.8305 Mid: 90.4107 | 24 Open: 90.8397 Close: 91.9125 Mid: 91.3723 | 25 Open: 91.8865 Close: 91.7361 Mid: 92.3195 | 26 Open: 91.7151 Close: 92.9890 Mid: 92.3558 |
27 Open: 92.9890 Close: 91.9166 Mid: 92.3544 | 28 Open: 91.9046 Close: 92.6701 Mid: 93.0575 | 29 Open: 92.6776 Close: 92.5298 Mid: 92.2345 | 30 Open: 92.4970 Close: 91.5386 Mid: 91.6758 | 31 Open: 91.5232 Close: 91.2164 Mid: 91.3528 |
April - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 91.2221 Close: 91.8676 Mid: 91.7756 | 2 Open: 92.2074 Close: 91.9605 Mid: 92.0547 | |||||
3 Open: 91.9605 Close: 91.7828 Mid: 92.0414 | 4 Open: 91.8019 Close: 92.6342 Mid: 92.2202 | 5 Open: 92.6164 Close: 93.7999 Mid: 93.3572 | 6 Open: 93.8231 Close: 92.8477 Mid: 93.4939 | 7 Open: 92.8661 Close: 92.8173 Mid: 92.7413 | 8 Open: 92.8103 Close: 93.1641 Mid: 92.9612 | 9 Open: 92.9264 Close: 92.9264 Mid: 93.0453 |
10 Open: 92.9264 Close: 92.6194 Mid: 92.5447 | 11 Open: 92.6272 Close: 93.0463 Mid: 92.9923 | 12 Open: 93.0467 Close: 93.4804 Mid: 93.3171 | 13 Open: 93.4871 Close: 93.4003 Mid: 93.6217 | 14 Open: 93.4204 Close: 93.4850 Mid: 93.9548 | 15 Open: 93.4982 Close: 93.5276 Mid: 93.8920 | 16 Open: 93.5012 Close: 93.5012 Mid: 93.5144 |
17 Open: 93.5012 Close: 93.6148 Mid: 94.2378 | 18 Open: 93.6503 Close: 93.5342 Mid: 93.4370 | 19 Open: 93.5209 Close: 95.6349 Mid: 94.5372 | 20 Open: 95.5860 Close: 95.3251 Mid: 95.3275 | 21 Open: 95.2573 Close: 94.5215 Mid: 95.0816 | 22 Open: 94.5298 Close: 94.3550 Mid: 93.9266 | 23 Open: 94.6616 Close: 93.1532 Mid: 93.9074 |
24 Open: 93.1532 Close: 93.0355 Mid: 93.7959 | 25 Open: 93.0218 Close: 91.6997 Mid: 92.0063 | 26 Open: 91.7034 Close: 90.8771 Mid: 91.4145 | 27 Open: 90.8965 Close: 91.4994 Mid: 91.4326 | 28 Open: 91.4751 Close: 92.9894 Mid: 92.4853 | 29 Open: 92.9668 Close: 92.1488 Mid: 92.1894 | 30 Open: 92.1997 Close: 92.1997 Mid: 92.1743 |
May - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 92.1997 Close: 91.8627 Mid: 92.0737 | 2 Open: 91.8441 Close: 91.7143 Mid: 91.7867 | 3 Open: 91.7460 Close: 92.4346 Mid: 92.3660 | 4 Open: 92.3898 Close: 93.6899 Mid: 93.1163 | 5 Open: 93.7029 Close: 92.7891 Mid: 93.4890 | 6 Open: 92.7996 Close: 93.8543 Mid: 92.4761 | 7 Open: 92.6282 Close: 92.6282 Mid: 93.2412 |
8 Open: 92.6282 Close: 92.0887 Mid: 93.0170 | 9 Open: 92.0999 Close: 90.6813 Mid: 91.4519 | 10 Open: 90.6677 Close: 90.4114 Mid: 90.5496 | 11 Open: 90.3817 Close: 89.9615 Mid: 90.6282 | 12 Open: 89.9337 Close: 88.3776 Mid: 88.7682 | 13 Open: 88.3103 Close: 89.7593 Mid: 89.0585 | 14 Open: 89.6886 Close: 89.6886 Mid: 89.7240 |
15 Open: 89.6886 Close: 89.9126 Mid: 90.0836 | 16 Open: 89.9332 Close: 89.8828 Mid: 89.4290 | 17 Open: 89.9218 Close: 91.0318 Mid: 90.5307 | 18 Open: 90.9870 Close: 89.0350 Mid: 90.0685 | 19 Open: 89.0392 Close: 90.0077 Mid: 89.8890 | 20 Open: 90.0355 Close: 92.1263 Mid: 91.0338 | 21 Open: 90.8547 Close: 90.8547 Mid: 91.4903 |
22 Open: 90.8547 Close: 90.3210 Mid: 91.1558 | 23 Open: 90.3031 Close: 90.6236 Mid: 90.5785 | 24 Open: 90.5592 Close: 90.0025 Mid: 90.1339 | 25 Open: 89.9659 Close: 90.1411 Mid: 90.4479 | 26 Open: 90.1447 Close: 90.2028 Mid: 90.0839 | 27 Open: 90.2090 Close: 92.0684 Mid: 90.6932 | 28 Open: 91.4058 Close: 91.4058 Mid: 91.7371 |
29 Open: 91.4058 Close: 91.1079 Mid: 91.4362 | 30 Open: 91.1023 Close: 91.9737 Mid: 91.5533 | 31 Open: 91.9378 Close: 92.4528 Mid: 92.0978 |
June - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 92.4983 Close: 93.3427 Mid: 93.1435 | 2 Open: 93.3128 Close: 94.3949 Mid: 93.6935 | 3 Open: 94.4141 Close: 94.3234 Mid: 94.4341 | 4 Open: 94.3630 Close: 96.2667 Mid: 95.2399 | |||
5 Open: 96.2667 Close: 94.1699 Mid: 95.1962 | 6 Open: 94.1323 Close: 95.0044 Mid: 94.5199 | 7 Open: 95.0015 Close: 95.9260 Mid: 95.6841 | 8 Open: 95.8916 Close: 96.6157 Mid: 96.5522 | 9 Open: 96.6598 Close: 95.3874 Mid: 95.7319 | 10 Open: 95.3430 Close: 95.7703 Mid: 95.7842 | 11 Open: 96.2848 Close: 94.7256 Mid: 95.5043 |
12 Open: 94.7256 Close: 94.6181 Mid: 95.5487 | 13 Open: 94.6312 Close: 93.1595 Mid: 93.8372 | 14 Open: 93.1382 Close: 93.2057 Mid: 93.0997 | 15 Open: 93.1645 Close: 94.1022 Mid: 93.5510 | 16 Open: 94.0514 Close: 93.2399 Mid: 92.6929 | 17 Open: 93.2201 Close: 96.0887 Mid: 94.1721 | 18 Open: 94.2138 Close: 93.6462 Mid: 93.9300 |
19 Open: 93.6462 Close: 94.0277 Mid: 94.3963 | 20 Open: 94.0212 Close: 94.1433 Mid: 93.9760 | 21 Open: 94.1490 Close: 94.8485 Mid: 94.5708 | 22 Open: 94.8732 Close: 93.9185 Mid: 94.1503 | 23 Open: 93.8920 Close: 93.0743 Mid: 93.4476 | 24 Open: 93.0554 Close: 94.5976 Mid: 93.6563 | 25 Open: 94.5168 Close: 94.5168 Mid: 94.5168 |
26 Open: 94.5168 Close: 93.7718 Mid: 94.2413 | 27 Open: 93.7626 Close: 93.7710 Mid: 93.6891 | 28 Open: 93.7287 Close: 93.9091 Mid: 94.1763 | 29 Open: 93.9060 Close: 93.9637 Mid: 94.0154 | 30 Open: 93.9677 Close: 93.6613 Mid: 94.0137 |
July - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 93.6778 Close: 92.1307 Mid: 92.3574 | 2 Open: 93.0007 Close: 93.0007 Mid: 92.5657 | |||||
3 Open: 93.0007 Close: 92.0496 Mid: 92.6044 | 4 Open: 91.9855 Close: 93.3739 Mid: 92.6396 | 5 Open: 93.3486 Close: 92.0588 Mid: 93.5704 | 6 Open: 92.1099 Close: 92.1949 Mid: 92.1653 | 7 Open: 92.2008 Close: 93.0708 Mid: 92.6806 | 8 Open: 93.1154 Close: 94.6008 Mid: 93.5772 | 9 Open: 94.5272 Close: 93.3636 Mid: 93.9822 |
10 Open: 93.3636 Close: 93.2992 Mid: 93.7396 | 11 Open: 93.3135 Close: 92.6435 Mid: 92.9362 | 12 Open: 92.6553 Close: 92.2407 Mid: 93.1924 | 13 Open: 92.2738 Close: 92.6546 Mid: 92.8673 | 14 Open: 92.6851 Close: 93.8691 Mid: 93.5435 | 15 Open: 93.9220 Close: 95.1020 Mid: 94.1989 | 16 Open: 94.5636 Close: 94.0907 Mid: 94.5962 |
17 Open: 94.0907 Close: 94.2250 Mid: 94.5291 | 18 Open: 94.2199 Close: 94.1338 Mid: 94.3012 | 19 Open: 94.1570 Close: 95.2931 Mid: 94.7892 | 20 Open: 95.2719 Close: 95.3042 Mid: 95.3515 | 21 Open: 95.2951 Close: 94.9166 Mid: 96.9053 | 22 Open: 94.8635 Close: 93.8837 Mid: 94.9684 | 23 Open: 95.5648 Close: 94.2190 Mid: 94.7388 |
24 Open: 94.2190 Close: 94.1105 Mid: 94.8630 | 25 Open: 94.1212 Close: 94.8334 Mid: 94.7112 | 26 Open: 94.7969 Close: 95.1499 Mid: 94.8617 | 27 Open: 95.1373 Close: 95.1784 Mid: 95.4212 | 28 Open: 95.1711 Close: 94.0425 Mid: 94.4467 | 29 Open: 94.0444 Close: 93.9978 Mid: 94.0189 | 30 Open: 94.0026 Close: 94.0026 Mid: 94.3088 |
31 Open: 94.0026 Close: 92.9837 Mid: 93.7382 |
August - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 92.9649 Close: 92.3921 Mid: 92.8483 | 2 Open: 92.2986 Close: 91.8890 Mid: 91.6793 | 3 Open: 91.8696 Close: 92.9388 Mid: 92.5083 | 4 Open: 92.9072 Close: 92.3061 Mid: 93.3580 | 5 Open: 92.3072 Close: 93.5713 Mid: 92.9764 | 6 Open: 93.5435 Close: 94.8527 Mid: 94.0558 | |
7 Open: 94.8527 Close: 93.2134 Mid: 94.0511 | 8 Open: 93.2406 Close: 94.2304 Mid: 94.1815 | 9 Open: 94.2568 Close: 94.0243 Mid: 94.2108 | 10 Open: 94.0245 Close: 94.0775 Mid: 94.1744 | 11 Open: 94.0364 Close: 94.4470 Mid: 94.1261 | 12 Open: 94.5058 Close: 95.1262 Mid: 95.2464 | 13 Open: 95.1045 Close: 95.1045 Mid: 95.1154 |
14 Open: 95.1045 Close: 94.8648 Mid: 95.2438 | 15 Open: 94.8629 Close: 93.4452 Mid: 94.0148 | 16 Open: 93.4081 Close: 94.2577 Mid: 93.8700 | 17 Open: 94.2707 Close: 93.5191 Mid: 93.9327 | 18 Open: 93.5589 Close: 93.8387 Mid: 93.9334 | 19 Open: 93.9009 Close: 94.0719 Mid: 94.2728 | 20 Open: 94.2048 Close: 94.2048 Mid: 94.1717 |
21 Open: 94.2048 Close: 94.2204 Mid: 94.2466 | 22 Open: 94.2493 Close: 94.5985 Mid: 94.4618 | 23 Open: 94.6480 Close: 94.6466 Mid: 94.5908 | 24 Open: 94.6561 Close: 94.6619 Mid: 94.4906 | 25 Open: 94.7035 Close: 95.0854 Mid: 95.0412 | 26 Open: 95.0588 Close: 96.9248 Mid: 96.0022 | 27 Open: 96.8198 Close: 94.8001 Mid: 95.8997 |
28 Open: 94.8001 Close: 94.8743 Mid: 95.8828 | 29 Open: 94.8829 Close: 95.7334 Mid: 95.5113 | 30 Open: 95.8210 Close: 95.1269 Mid: 95.6346 | 31 Open: 95.1187 Close: 95.1131 Mid: 95.1217 |
September - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 95.1296 Close: 95.1750 Mid: 95.1125 | 2 Open: 95.1857 Close: 95.9421 Mid: 95.8353 | 3 Open: 95.8051 Close: 95.8051 Mid: 95.8736 | ||||
4 Open: 95.8051 Close: 95.3817 Mid: 95.4554 | 5 Open: 95.4140 Close: 95.6515 Mid: 95.4664 | 6 Open: 95.6497 Close: 96.3389 Mid: 96.0339 | 7 Open: 96.3294 Close: 97.3055 Mid: 96.8478 | 8 Open: 97.2941 Close: 97.3132 Mid: 97.0105 | 9 Open: 97.3255 Close: 97.6511 Mid: 97.9444 | 10 Open: 97.6725 Close: 97.6725 Mid: 98.1268 |
11 Open: 97.6725 Close: 97.6094 Mid: 97.6934 | 12 Open: 97.6083 Close: 98.3020 Mid: 97.9908 | 13 Open: 98.2891 Close: 97.3937 Mid: 97.8983 | 14 Open: 97.3748 Close: 96.5037 Mid: 96.6786 | 15 Open: 96.5218 Close: 95.8599 Mid: 96.5493 | 16 Open: 95.8502 Close: 96.6117 Mid: 96.2043 | 17 Open: 96.5060 Close: 97.3968 Mid: 96.9514 |
18 Open: 97.3968 Close: 96.0154 Mid: 96.9750 | 19 Open: 96.0177 Close: 96.4465 Mid: 96.2092 | 20 Open: 96.4051 Close: 96.1425 Mid: 96.2655 | 21 Open: 96.1161 Close: 95.3902 Mid: 96.1671 | 22 Open: 95.3928 Close: 94.5727 Mid: 95.0949 | 23 Open: 94.5559 Close: 95.0118 Mid: 94.4566 | 24 Open: 94.4135 Close: 93.5591 Mid: 94.2858 |
25 Open: 93.5591 Close: 93.7149 Mid: 93.9735 | 26 Open: 93.7257 Close: 93.4932 Mid: 93.7557 | 27 Open: 93.5063 Close: 93.1337 Mid: 93.3564 | 28 Open: 93.1187 Close: 93.9267 Mid: 94.1112 | 29 Open: 93.9097 Close: 94.0097 Mid: 93.8419 | 30 Open: 93.9776 Close: 94.0810 Mid: 93.1802 |
October - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 93.4013 Close: 93.4013 Mid: 93.6222 | ||||||
2 Open: 93.4013 Close: 92.9577 Mid: 93.1560 | 3 | 4 | 5 | 6 | 7 | 8 |
9 | 10 | 11 | 12 | 13 | 14 | 15 |
16 | 17 | 18 | 19 | 20 | 21 | 22 |
23 | 24 | 25 | 26 | 27 | 28 | 29 |
30 | 31 |
November - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
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6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 |
December - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
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4 | 5 | 6 | 7 | 8 | 9 | 10 |
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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.