Best Australian Dollar / Swiss Franc Exchange Rate Today: 0.6340
Compare international payments, cash buys, travel money.
Live rate: 1 AUD = 0.6340 CHF
Inverted: 1 CHF = 1.5773 AUD
| Provider | Exchange Rate | Fee | Recipient gets | Service | Notes | Action |
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Live Market Rate |
0.6340 |
 Set Alert
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0.6321 | 0 | 0.6321 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
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0.6296 | 0 | 0.6296 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
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0.6283 | 0 | 0.6283 | 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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0.6162 | Variable | 0.6162 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
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Worst Bank Rate
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0.6118 | Variable | 0.6118 | 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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0.6245 | 0 | 0.6245 | Holiday FX, Cash Delivery | Booking Online prior to pickup is the key to getting a good rate |
AUD/CHF Live Chart and Data
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January - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6634 Close: 0.6633 Mid: 0.6634 | ||||||
2 Open: 0.6633 Close: 0.6628 Mid: 0.6647 | 3 Open: 0.6629 Close: 0.6609 Mid: 0.6618 | 4 Open: 0.6609 Close: 0.6634 Mid: 0.6607 | 5 Open: 0.6632 Close: 0.6624 Mid: 0.6636 | 6 Open: 0.6623 Close: 0.6600 Mid: 0.6604 | 7 Open: 0.6600 Close: 0.6583 Mid: 0.6595 | 8 Open: 0.6584 Close: 0.6588 Mid: 0.6586 |
9 Open: 0.6588 Close: 0.6596 Mid: 0.6613 | 10 Open: 0.6596 Close: 0.6658 Mid: 0.6634 | 11 Open: 0.6657 Close: 0.6658 Mid: 0.6655 | 12 Open: 0.6658 Close: 0.6657 Mid: 0.6658 | 13 Open: 0.6657 Close: 0.6633 Mid: 0.6646 | 14 Open: 0.6634 Close: 0.6585 Mid: 0.6601 | 15 Open: 0.6585 Close: 0.6601 Mid: 0.6593 |
16 Open: 0.6601 Close: 0.6599 Mid: 0.6606 | 17 Open: 0.6599 Close: 0.6590 Mid: 0.6595 | 18 Open: 0.6591 Close: 0.6591 Mid: 0.6583 | 19 Open: 0.6593 Close: 0.6607 Mid: 0.6601 | 20 Open: 0.6608 Close: 0.6616 Mid: 0.6631 | 21 Open: 0.6617 Close: 0.6572 Mid: 0.6575 | 22 Open: 0.6571 Close: 0.6571 Mid: 0.6572 |
23 Open: 0.6571 Close: 0.6559 Mid: 0.6557 | 24 Open: 0.6559 Close: 0.6541 Mid: 0.6524 | 25 Open: 0.6540 Close: 0.6569 Mid: 0.6572 | 26 Open: 0.6571 Close: 0.6579 Mid: 0.6578 | 27 Open: 0.6580 Close: 0.6549 Mid: 0.6562 | 28 Open: 0.6550 Close: 0.6498 Mid: 0.6538 | 29 Open: 0.6498 Close: 0.6519 Mid: 0.6509 |
30 Open: 0.6531 Close: 0.6516 Mid: 0.6519 | 31 Open: 0.6515 Close: 0.6553 Mid: 0.6553 |
February - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6553 Close: 0.6570 Mid: 0.6549 | 2 Open: 0.6571 Close: 0.6544 Mid: 0.6563 | 3 Open: 0.6544 Close: 0.6573 Mid: 0.6561 | 4 Open: 0.6574 Close: 0.6600 Mid: 0.6559 | 5 Open: 0.6600 Close: 0.6564 Mid: 0.6582 | ||
6 Open: 0.6564 Close: 0.6550 Mid: 0.6567 | 7 Open: 0.6551 Close: 0.6579 Mid: 0.6567 | 8 Open: 0.6579 Close: 0.6609 Mid: 0.6592 | 9 Open: 0.6610 Close: 0.6633 Mid: 0.6626 | 10 Open: 0.6634 Close: 0.6629 Mid: 0.6647 | 11 Open: 0.6630 Close: 0.6702 Mid: 0.6669 | 12 Open: 0.6637 Close: 0.6603 Mid: 0.6653 |
13 Open: 0.6603 Close: 0.6608 Mid: 0.6604 | 14 Open: 0.6607 Close: 0.6593 Mid: 0.6597 | 15 Open: 0.6594 Close: 0.6615 Mid: 0.6605 | 16 Open: 0.6616 Close: 0.6632 Mid: 0.6634 | 17 Open: 0.6630 Close: 0.6612 Mid: 0.6631 | 18 Open: 0.6610 Close: 0.6597 Mid: 0.6622 | 19 Open: 0.6597 Close: 0.6597 Mid: 0.6604 |
20 Open: 0.6597 Close: 0.6603 Mid: 0.6609 | 21 Open: 0.6604 Close: 0.6579 Mid: 0.6606 | 22 Open: 0.6580 Close: 0.6659 Mid: 0.6627 | 23 Open: 0.6660 Close: 0.6631 Mid: 0.6656 | 24 Open: 0.6632 Close: 0.6630 Mid: 0.6610 | 25 Open: 0.6629 Close: 0.6698 Mid: 0.6672 | 26 Open: 0.6649 Close: 0.6593 Mid: 0.6646 |
27 Open: 0.6593 Close: 0.6660 Mid: 0.6663 | 28 Open: 0.6658 Close: 0.6659 Mid: 0.6662 |
March - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6661 Close: 0.6668 Mid: 0.6665 | 2 Open: 0.6670 Close: 0.6714 Mid: 0.6691 | 3 Open: 0.6714 Close: 0.6734 Mid: 0.6721 | 4 Open: 0.6733 Close: 0.6805 Mid: 0.6780 | 5 Open: 0.6758 Close: 0.6759 Mid: 0.6782 | ||
6 Open: 0.6759 Close: 0.6802 Mid: 0.6777 | 7 Open: 0.6804 Close: 0.6783 Mid: 0.6820 | 8 Open: 0.6782 Close: 0.6757 Mid: 0.6770 | 9 Open: 0.6756 Close: 0.6778 Mid: 0.6786 | 10 Open: 0.6779 Close: 0.6847 Mid: 0.6818 | 11 Open: 0.6846 Close: 0.6815 Mid: 0.6834 | 12 Open: 0.6862 Close: 0.6862 Mid: 0.6839 |
13 Open: 0.6862 Close: 0.6822 Mid: 0.6832 | 14 Open: 0.6820 Close: 0.6756 Mid: 0.6780 | 15 Open: 0.6756 Close: 0.6766 Mid: 0.6768 | 16 Open: 0.6764 Close: 0.6861 Mid: 0.6814 | 17 Open: 0.6863 Close: 0.6910 Mid: 0.6895 | 18 Open: 0.6908 Close: 0.6915 Mid: 0.6936 | 19 Open: 0.6915 Close: 0.6915 Mid: 0.6915 |
20 Open: 0.6915 Close: 0.6913 Mid: 0.6891 | 21 Open: 0.6913 Close: 0.6907 Mid: 0.6891 | 22 Open: 0.6907 Close: 0.6965 Mid: 0.6936 | 23 Open: 0.6964 Close: 0.6979 Mid: 0.6973 | 24 Open: 0.6980 Close: 0.6981 Mid: 0.6996 | 25 Open: 0.6981 Close: 0.6981 Mid: 0.7036 | 26 Open: 0.6980 Close: 0.7097 Mid: 0.7039 |
27 Open: 0.7085 Close: 0.7000 Mid: 0.7034 | 28 Open: 0.7000 Close: 0.6998 Mid: 0.7022 | 29 Open: 0.6998 Close: 0.6997 Mid: 0.6990 | 30 Open: 0.6997 Close: 0.6925 Mid: 0.6960 | 31 Open: 0.6924 Close: 0.6916 Mid: 0.6916 |
April - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6917 Close: 0.6936 Mid: 0.6931 | 2 Open: 0.6963 Close: 0.6943 Mid: 0.6950 | |||||
3 Open: 0.6943 Close: 0.6931 Mid: 0.6906 | 4 Open: 0.6932 Close: 0.6987 Mid: 0.6964 | 5 Open: 0.6986 Close: 0.7052 Mid: 0.7039 | 6 Open: 0.7054 Close: 0.7002 Mid: 0.7038 | 7 Open: 0.7003 Close: 0.6989 Mid: 0.6988 | 8 Open: 0.6989 Close: 0.6997 Mid: 0.6995 | 9 Open: 0.6979 Close: 0.6979 Mid: 0.6988 |
10 Open: 0.6979 Close: 0.6957 Mid: 0.6931 | 11 Open: 0.6957 Close: 0.6906 Mid: 0.6939 | 12 Open: 0.6906 Close: 0.6951 Mid: 0.6935 | 13 Open: 0.6951 Close: 0.6958 Mid: 0.6958 | 14 Open: 0.6959 Close: 0.6987 Mid: 0.7021 | 15 Open: 0.6986 Close: 0.6978 Mid: 0.7005 | 16 Open: 0.6983 Close: 0.6983 Mid: 0.6981 |
17 Open: 0.6983 Close: 0.6968 Mid: 0.7018 | 18 Open: 0.6970 Close: 0.6951 Mid: 0.6947 | 19 Open: 0.6949 Close: 0.7040 Mid: 0.6990 | 20 Open: 0.7040 Close: 0.7068 Mid: 0.7047 | 21 Open: 0.7065 Close: 0.7020 Mid: 0.7044 | 22 Open: 0.7019 Close: 0.6983 Mid: 0.7002 | 23 Open: 0.7008 Close: 0.6870 Mid: 0.6939 |
24 Open: 0.6870 Close: 0.6913 Mid: 0.6955 | 25 Open: 0.6912 Close: 0.6879 Mid: 0.6871 | 26 Open: 0.6879 Close: 0.6872 Mid: 0.6878 | 27 Open: 0.6874 Close: 0.6901 Mid: 0.6909 | 28 Open: 0.6900 Close: 0.6908 Mid: 0.6902 | 29 Open: 0.6908 Close: 0.6909 Mid: 0.6904 | 30 Open: 0.6913 Close: 0.6913 Mid: 0.6911 |
May - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6913 Close: 0.6883 Mid: 0.6862 | 2 Open: 0.6882 Close: 0.6891 Mid: 0.6879 | 3 Open: 0.6894 Close: 0.6952 Mid: 0.6941 | 4 Open: 0.6949 Close: 0.7058 Mid: 0.7014 | 5 Open: 0.7057 Close: 0.7014 Mid: 0.7052 | 6 Open: 0.7016 Close: 0.6994 Mid: 0.6995 | 7 Open: 0.6903 Close: 0.6903 Mid: 0.6949 |
8 Open: 0.6903 Close: 0.6968 Mid: 0.6984 | 9 Open: 0.6968 Close: 0.6907 Mid: 0.6939 | 10 Open: 0.6906 Close: 0.6907 Mid: 0.6907 | 11 Open: 0.6904 Close: 0.6889 Mid: 0.6920 | 12 Open: 0.6889 Close: 0.6892 Mid: 0.6875 | 13 Open: 0.6890 Close: 0.6913 Mid: 0.6911 | 14 Open: 0.6906 Close: 0.6906 Mid: 0.6910 |
15 Open: 0.6906 Close: 0.6962 Mid: 0.6872 | 16 Open: 0.6965 Close: 0.6986 Mid: 0.6947 | 17 Open: 0.6986 Close: 0.6988 Mid: 0.6997 | 18 Open: 0.6984 Close: 0.6869 Mid: 0.6933 | 19 Open: 0.6872 Close: 0.6844 Mid: 0.6870 | 20 Open: 0.6847 Close: 0.6893 Mid: 0.6870 | 21 Open: 0.6800 Close: 0.6800 Mid: 0.6847 |
22 Open: 0.6800 Close: 0.6885 Mid: 0.6888 | 23 Open: 0.6885 Close: 0.6847 Mid: 0.6880 | 24 Open: 0.6843 Close: 0.6822 Mid: 0.6825 | 25 Open: 0.6819 Close: 0.6816 Mid: 0.6846 | 26 Open: 0.6818 Close: 0.6805 Mid: 0.6808 | 27 Open: 0.6804 Close: 0.6924 Mid: 0.6866 | 28 Open: 0.6873 Close: 0.6873 Mid: 0.6899 |
29 Open: 0.6873 Close: 0.6857 Mid: 0.6866 | 30 Open: 0.6857 Close: 0.6897 Mid: 0.6885 | 31 Open: 0.6895 Close: 0.6892 Mid: 0.6891 |
June - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6893 Close: 0.6908 Mid: 0.6909 | 2 Open: 0.6905 Close: 0.6956 Mid: 0.6917 | 3 Open: 0.6957 Close: 0.6937 Mid: 0.6947 | 4 Open: 0.6930 Close: 0.7049 Mid: 0.6989 | |||
5 Open: 0.7049 Close: 0.6932 Mid: 0.6962 | 6 Open: 0.6930 Close: 0.6982 Mid: 0.6959 | 7 Open: 0.6981 Close: 0.7029 Mid: 0.7010 | 8 Open: 0.7029 Close: 0.7035 Mid: 0.7043 | 9 Open: 0.7036 Close: 0.6957 Mid: 0.6991 | 10 Open: 0.6958 Close: 0.7009 Mid: 0.7018 | 11 Open: 0.7046 Close: 0.6940 Mid: 0.6993 |
12 Open: 0.6940 Close: 0.6944 Mid: 0.6930 | 13 Open: 0.6945 Close: 0.6918 Mid: 0.6930 | 14 Open: 0.6917 Close: 0.6886 Mid: 0.6893 | 15 Open: 0.6884 Close: 0.6980 Mid: 0.6946 | 16 Open: 0.6978 Close: 0.6807 Mid: 0.6851 | 17 Open: 0.6807 Close: 0.6917 Mid: 0.6730 | 18 Open: 0.6917 Close: 0.6714 Mid: 0.6816 |
19 Open: 0.6652 Close: 0.6740 Mid: 0.6753 | 20 Open: 0.6741 Close: 0.6741 Mid: 0.6734 | 21 Open: 0.6740 Close: 0.6725 Mid: 0.6721 | 22 Open: 0.6726 Close: 0.6641 Mid: 0.6676 | 23 Open: 0.6640 Close: 0.6636 Mid: 0.6637 | 24 Open: 0.6636 Close: 0.6706 Mid: 0.6640 | 25 Open: 0.6700 Close: 0.6706 Mid: 0.6703 |
26 Open: 0.6706 Close: 0.6646 Mid: 0.6661 | 27 Open: 0.6647 Close: 0.6622 Mid: 0.6645 | 28 Open: 0.6617 Close: 0.6605 Mid: 0.6620 | 29 Open: 0.6605 Close: 0.6564 Mid: 0.6581 | 30 Open: 0.6563 Close: 0.6588 Mid: 0.6601 |
July - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6588 Close: 0.6536 Mid: 0.6540 | 2 Open: 0.6597 Close: 0.6597 Mid: 0.6567 | |||||
3 Open: 0.6597 Close: 0.6534 Mid: 0.6567 | 4 Open: 0.6530 Close: 0.6605 Mid: 0.6577 | 5 Open: 0.6603 Close: 0.6579 Mid: 0.6639 | 6 Open: 0.6580 Close: 0.6581 Mid: 0.6603 | 7 Open: 0.6579 Close: 0.6669 Mid: 0.6634 | 8 Open: 0.6670 Close: 0.6784 Mid: 0.6731 | 9 Open: 0.6777 Close: 0.6694 Mid: 0.6739 |
10 Open: 0.6694 Close: 0.6694 Mid: 0.6708 | 11 Open: 0.6690 Close: 0.6627 Mid: 0.6637 | 12 Open: 0.6627 Close: 0.6624 Mid: 0.6677 | 13 Open: 0.6625 Close: 0.6602 Mid: 0.6630 | 14 Open: 0.6604 Close: 0.6639 Mid: 0.6634 | 15 Open: 0.6643 Close: 0.6698 Mid: 0.6657 | 16 Open: 0.6660 Close: 0.6622 Mid: 0.6660 |
17 Open: 0.6622 Close: 0.6646 Mid: 0.6659 | 18 Open: 0.6644 Close: 0.6659 Mid: 0.6654 | 19 Open: 0.6657 Close: 0.6681 Mid: 0.6671 | 20 Open: 0.6682 Close: 0.6691 Mid: 0.6691 | 21 Open: 0.6688 Close: 0.6690 Mid: 0.6807 | 22 Open: 0.6689 Close: 0.6628 Mid: 0.6687 | 23 Open: 0.6747 Close: 0.6648 Mid: 0.6688 |
24 Open: 0.6648 Close: 0.6650 Mid: 0.6699 | 25 Open: 0.6650 Close: 0.6702 Mid: 0.6692 | 26 Open: 0.6701 Close: 0.6685 Mid: 0.6696 | 27 Open: 0.6684 Close: 0.6701 Mid: 0.6700 | 28 Open: 0.6702 Close: 0.6680 Mid: 0.6692 | 29 Open: 0.6680 Close: 0.6697 Mid: 0.6701 | 30 Open: 0.6697 Close: 0.6697 Mid: 0.6719 |
31 Open: 0.6697 Close: 0.6643 Mid: 0.6682 |
August - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6642 Close: 0.6674 Mid: 0.6674 | 2 Open: 0.6673 Close: 0.6603 Mid: 0.6630 | 3 Open: 0.6604 Close: 0.6668 Mid: 0.6653 | 4 Open: 0.6667 Close: 0.6640 Mid: 0.6688 | 5 Open: 0.6640 Close: 0.6668 Mid: 0.6648 | 6 Open: 0.6667 Close: 0.6753 Mid: 0.6700 | |
7 Open: 0.6753 Close: 0.6641 Mid: 0.6684 | 8 Open: 0.6642 Close: 0.6673 Mid: 0.6673 | 9 Open: 0.6675 Close: 0.6637 Mid: 0.6657 | 10 Open: 0.6636 Close: 0.6675 Mid: 0.6658 | 11 Open: 0.6674 Close: 0.6686 Mid: 0.6681 | 12 Open: 0.6689 Close: 0.6711 Mid: 0.6719 | 13 Open: 0.6709 Close: 0.6709 Mid: 0.6710 |
14 Open: 0.6709 Close: 0.6702 Mid: 0.6712 | 15 Open: 0.6702 Close: 0.6638 Mid: 0.6660 | 16 Open: 0.6638 Close: 0.6666 Mid: 0.6659 | 17 Open: 0.6666 Close: 0.6593 Mid: 0.6626 | 18 Open: 0.6594 Close: 0.6611 Mid: 0.6621 | 19 Open: 0.6614 Close: 0.6591 Mid: 0.6606 | 20 Open: 0.6596 Close: 0.6595 Mid: 0.6596 |
21 Open: 0.6595 Close: 0.6594 Mid: 0.6594 | 22 Open: 0.6593 Close: 0.6633 Mid: 0.6613 | 23 Open: 0.6635 Close: 0.6675 Mid: 0.6652 | 24 Open: 0.6674 Close: 0.6674 Mid: 0.6663 | 25 Open: 0.6675 Close: 0.6710 Mid: 0.6703 | 26 Open: 0.6709 Close: 0.6783 Mid: 0.6743 | 27 Open: 0.6798 Close: 0.6634 Mid: 0.6722 |
28 Open: 0.6634 Close: 0.6651 Mid: 0.6719 | 29 Open: 0.6650 Close: 0.6679 Mid: 0.6672 | 30 Open: 0.6684 Close: 0.6678 Mid: 0.6706 | 31 Open: 0.6677 Close: 0.6686 Mid: 0.6690 |
September - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6687 Close: 0.6668 Mid: 0.6678 | 2 Open: 0.6666 Close: 0.6712 Mid: 0.6715 | 3 Open: 0.6697 Close: 0.6697 Mid: 0.6705 | ||||
4 Open: 0.6673 Close: 0.6676 Mid: 0.6676 | 5 Open: 0.6676 Close: 0.6665 Mid: 0.6667 | 6 Open: 0.6665 Close: 0.6624 Mid: 0.6647 | 7 Open: 0.6626 Close: 0.6596 Mid: 0.6609 | 8 Open: 0.6596 Close: 0.6553 Mid: 0.6562 | 9 Open: 0.6553 Close: 0.6572 Mid: 0.6604 | 10 Open: 0.6573 Close: 0.6573 Mid: 0.6573 |
11 Open: 0.6573 Close: 0.6570 Mid: 0.6549 | 12 Open: 0.6571 Close: 0.6568 Mid: 0.6572 | 13 Open: 0.6567 Close: 0.6475 Mid: 0.6522 | 14 Open: 0.6477 Close: 0.6495 Mid: 0.6472 | 15 Open: 0.6496 Close: 0.6432 Mid: 0.6470 | 16 Open: 0.6432 Close: 0.6475 Mid: 0.6469 | 17 Open: 0.6478 Close: 0.6417 Mid: 0.6448 |
18 Open: 0.6417 Close: 0.6478 Mid: 0.6459 | 19 Open: 0.6478 Close: 0.6492 Mid: 0.6480 | 20 Open: 0.6491 Close: 0.6453 Mid: 0.6466 | 21 Open: 0.6452 Close: 0.6398 Mid: 0.6446 | 22 Open: 0.6400 Close: 0.6484 Mid: 0.6455 | 23 Open: 0.6484 Close: 0.6482 Mid: 0.6477 | 24 Open: 0.6441 Close: 0.6343 Mid: 0.6423 |
25 Open: 0.6343 Close: 0.6416 Mid: 0.6399 | 26 Open: 0.6416 Close: 0.6421 Mid: 0.6414 | 27 Open: 0.6420 Close: 0.6383 Mid: 0.6394 | 28 Open: 0.6380 Close: 0.6360 Mid: 0.6342 | 29 Open: 0.6359 Close: 0.6347 Mid: 0.6349 | 30 Open: 0.6345 Close: 0.6397 Mid: 0.6326 |
October - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6350 Close: 0.6350 Mid: 0.6374 | ||||||
2 | 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 |
1 | 2 | 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 |
December - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 | 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 |
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.