Best Canadian Dollar / Euro Exchange Rate Today: 0.7409
Compare international payments, cash buys, travel money.
Live rate: 1 CAD = 0.7409 EUR
Inverted: 1 EUR = 1.3497 CAD
| Provider | Exchange Rate | Fee | Recipient gets | Service | Notes | Action |
|
Live Market Rate |
0.7409 |
 Set Alert
|
||||
|
0.7387 | 0 | 0.7387 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
|
0.7357 | 0 | 0.7357 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
|
0.7342 | 0 | 0.7342 | 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 
|
0.7202 | Variable | 0.7202 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
|
Worst Bank Rate
|
0.7150 | Variable | 0.7150 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
|
Airport Pickup 
|
0.7298 | 0 | 0.7298 | Holiday FX, Cash Delivery | Booking Online prior to pickup is the key to getting a good rate |
CAD/EUR Live Chart and Data
|
«
|
»
|
January - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.6959 Close: 0.6964 Mid: 0.6962 | ||||||
2 Open: 0.6964 Close: 0.6947 Mid: 0.6956 | 3 Open: 0.6946 Close: 0.6943 Mid: 0.6975 | 4 Open: 0.6939 Close: 0.6976 Mid: 0.6964 | 5 Open: 0.6975 Close: 0.6929 Mid: 0.6944 | 6 Open: 0.6927 Close: 0.6954 Mid: 0.6939 | 7 Open: 0.6955 Close: 0.6959 Mid: 0.6969 | 8 Open: 0.6957 Close: 0.6960 Mid: 0.6959 |
9 Open: 0.6960 Close: 0.6964 Mid: 0.6968 | 10 Open: 0.6964 Close: 0.6969 Mid: 0.6978 | 11 Open: 0.6969 Close: 0.6995 Mid: 0.6987 | 12 Open: 0.6995 Close: 0.6991 Mid: 0.7004 | 13 Open: 0.6992 Close: 0.6978 Mid: 0.6990 | 14 Open: 0.6979 Close: 0.6977 Mid: 0.6994 | 15 Open: 0.6977 Close: 0.6986 Mid: 0.6982 |
16 Open: 0.6986 Close: 0.6987 Mid: 0.6986 | 17 Open: 0.6987 Close: 0.7003 Mid: 0.6999 | 18 Open: 0.7002 Close: 0.7063 Mid: 0.7038 | 19 Open: 0.7062 Close: 0.7047 Mid: 0.7054 | 20 Open: 0.7047 Close: 0.7071 Mid: 0.7063 | 21 Open: 0.7071 Close: 0.7005 Mid: 0.7039 | 22 Open: 0.6997 Close: 0.6997 Mid: 0.7001 |
23 Open: 0.6997 Close: 0.7019 Mid: 0.7006 | 24 Open: 0.7019 Close: 0.6994 Mid: 0.6996 | 25 Open: 0.6994 Close: 0.7012 Mid: 0.7029 | 26 Open: 0.7014 Close: 0.7027 Mid: 0.7037 | 27 Open: 0.7029 Close: 0.7039 Mid: 0.7046 | 28 Open: 0.7040 Close: 0.7033 Mid: 0.7067 | 29 Open: 0.7033 Close: 0.7028 Mid: 0.7031 |
30 Open: 0.7026 Close: 0.7027 Mid: 0.7027 | 31 Open: 0.7027 Close: 0.7001 Mid: 0.7040 |
February - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7002 Close: 0.6989 Mid: 0.7008 | 2 Open: 0.6990 Close: 0.6977 Mid: 0.6978 | 3 Open: 0.6975 Close: 0.6897 Mid: 0.6944 | 4 Open: 0.6897 Close: 0.6848 Mid: 0.6906 | 5 Open: 0.6848 Close: 0.6844 Mid: 0.6846 | ||
6 Open: 0.6844 Close: 0.6850 Mid: 0.6849 | 7 Open: 0.6849 Close: 0.6901 Mid: 0.6885 | 8 Open: 0.6900 Close: 0.6891 Mid: 0.6897 | 9 Open: 0.6892 Close: 0.6907 Mid: 0.6900 | 10 Open: 0.6907 Close: 0.6881 Mid: 0.6896 | 11 Open: 0.6883 Close: 0.6976 Mid: 0.6987 | 12 Open: 0.6921 Close: 0.6919 Mid: 0.6948 |
13 Open: 0.6919 Close: 0.6916 Mid: 0.6922 | 14 Open: 0.6915 Close: 0.6949 Mid: 0.6956 | 15 Open: 0.6949 Close: 0.6919 Mid: 0.6938 | 16 Open: 0.6921 Close: 0.6926 Mid: 0.6933 | 17 Open: 0.6925 Close: 0.6923 Mid: 0.6923 | 18 Open: 0.6924 Close: 0.6928 Mid: 0.6936 | 19 Open: 0.6928 Close: 0.6928 Mid: 0.6926 |
20 Open: 0.6928 Close: 0.6927 Mid: 0.6937 | 21 Open: 0.6927 Close: 0.6934 Mid: 0.6926 | 22 Open: 0.6931 Close: 0.6914 Mid: 0.6927 | 23 Open: 0.6914 Close: 0.6945 Mid: 0.6936 | 24 Open: 0.6945 Close: 0.6977 Mid: 0.6985 | 25 Open: 0.6977 Close: 0.7039 Mid: 0.7028 | 26 Open: 0.6976 Close: 0.6939 Mid: 0.6989 |
27 Open: 0.6939 Close: 0.7011 Mid: 0.7001 | 28 Open: 0.7012 Close: 0.7040 Mid: 0.7021 |
March - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7040 Close: 0.7059 Mid: 0.7067 | 2 Open: 0.7061 Close: 0.7116 Mid: 0.7095 | 3 Open: 0.7116 Close: 0.7132 Mid: 0.7141 | 4 Open: 0.7132 Close: 0.7201 Mid: 0.7224 | 5 Open: 0.7176 Close: 0.7176 Mid: 0.7189 | ||
6 Open: 0.7176 Close: 0.7234 Mid: 0.7203 | 7 Open: 0.7232 Close: 0.7190 Mid: 0.7223 | 8 Open: 0.7189 Close: 0.7119 Mid: 0.7140 | 9 Open: 0.7119 Close: 0.7055 Mid: 0.7080 | 10 Open: 0.7056 Close: 0.7117 Mid: 0.7100 | 11 Open: 0.7119 Close: 0.7188 Mid: 0.7166 | 12 Open: 0.7188 Close: 0.7188 Mid: 0.7188 |
13 Open: 0.7188 Close: 0.7182 Mid: 0.7196 | 14 Open: 0.7182 Close: 0.7127 Mid: 0.7148 | 15 Open: 0.7127 Close: 0.7140 Mid: 0.7128 | 16 Open: 0.7139 Close: 0.7153 Mid: 0.7144 | 17 Open: 0.7151 Close: 0.7135 Mid: 0.7138 | 18 Open: 0.7133 Close: 0.7165 Mid: 0.7179 | 19 Open: 0.7165 Close: 0.7165 Mid: 0.7165 |
20 Open: 0.7165 Close: 0.7184 Mid: 0.7167 | 21 Open: 0.7184 Close: 0.7212 Mid: 0.7191 | 22 Open: 0.7210 Close: 0.7206 Mid: 0.7215 | 23 Open: 0.7205 Close: 0.7235 Mid: 0.7222 | 24 Open: 0.7235 Close: 0.7254 Mid: 0.7253 | 25 Open: 0.7255 Close: 0.7301 Mid: 0.7313 | 26 Open: 0.7300 Close: 0.7314 Mid: 0.7305 |
27 Open: 0.7311 Close: 0.7292 Mid: 0.7291 | 28 Open: 0.7292 Close: 0.7267 Mid: 0.7295 | 29 Open: 0.7266 Close: 0.7215 Mid: 0.7238 | 30 Open: 0.7213 Close: 0.7179 Mid: 0.7194 | 31 Open: 0.7179 Close: 0.7223 Mid: 0.7192 |
April - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7225 Close: 0.7226 Mid: 0.7238 | 2 Open: 0.7233 Close: 0.7231 Mid: 0.7230 | |||||
3 Open: 0.7231 Close: 0.7228 Mid: 0.7236 | 4 Open: 0.7225 Close: 0.7298 Mid: 0.7268 | 5 Open: 0.7298 Close: 0.7342 Mid: 0.7352 | 6 Open: 0.7345 Close: 0.7302 Mid: 0.7326 | 7 Open: 0.7304 Close: 0.7312 Mid: 0.7297 | 8 Open: 0.7312 Close: 0.7312 Mid: 0.7336 | 9 Open: 0.7311 Close: 0.7311 Mid: 0.7312 |
10 Open: 0.7311 Close: 0.7304 Mid: 0.7305 | 11 Open: 0.7302 Close: 0.7273 Mid: 0.7284 | 12 Open: 0.7273 Close: 0.7311 Mid: 0.7291 | 13 Open: 0.7310 Close: 0.7304 Mid: 0.7311 | 14 Open: 0.7303 Close: 0.7329 Mid: 0.7396 | 15 Open: 0.7329 Close: 0.7333 Mid: 0.7355 | 16 Open: 0.7351 Close: 0.7351 Mid: 0.7342 |
17 Open: 0.7351 Close: 0.7330 Mid: 0.7341 | 18 Open: 0.7331 Close: 0.7361 Mid: 0.7362 | 19 Open: 0.7363 Close: 0.7351 Mid: 0.7353 | 20 Open: 0.7350 Close: 0.7383 Mid: 0.7364 | 21 Open: 0.7381 Close: 0.7329 Mid: 0.7347 | 22 Open: 0.7329 Close: 0.7273 Mid: 0.7351 | 23 Open: 0.7282 Close: 0.7256 Mid: 0.7269 |
24 Open: 0.7256 Close: 0.7273 Mid: 0.7273 | 25 Open: 0.7271 Close: 0.7329 Mid: 0.7310 | 26 Open: 0.7329 Close: 0.7338 Mid: 0.7331 | 27 Open: 0.7337 Close: 0.7394 Mid: 0.7366 | 28 Open: 0.7392 Close: 0.7434 Mid: 0.7425 | 29 Open: 0.7435 Close: 0.7431 Mid: 0.7409 | 30 Open: 0.7379 Close: 0.7379 Mid: 0.7405 |
May - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7379 Close: 0.7384 Mid: 0.7381 | 2 Open: 0.7384 Close: 0.7392 Mid: 0.7392 | 3 Open: 0.7393 Close: 0.7402 Mid: 0.7419 | 4 Open: 0.7403 Close: 0.7392 Mid: 0.7402 | 5 Open: 0.7391 Close: 0.7397 Mid: 0.7404 | 6 Open: 0.7396 Close: 0.7308 Mid: 0.7425 | 7 Open: 0.7351 Close: 0.7351 Mid: 0.7330 |
8 Open: 0.7351 Close: 0.7350 Mid: 0.7332 | 9 Open: 0.7351 Close: 0.7276 Mid: 0.7332 | 10 Open: 0.7276 Close: 0.7290 Mid: 0.7293 | 11 Open: 0.7289 Close: 0.7321 Mid: 0.7316 | 12 Open: 0.7321 Close: 0.7400 Mid: 0.7360 | 13 Open: 0.7396 Close: 0.7461 Mid: 0.7447 | 14 Open: 0.7441 Close: 0.7441 Mid: 0.7451 |
15 Open: 0.7441 Close: 0.7449 Mid: 0.7454 | 16 Open: 0.7450 Close: 0.7454 Mid: 0.7436 | 17 Open: 0.7457 Close: 0.7402 Mid: 0.7446 | 18 Open: 0.7402 Close: 0.7412 Mid: 0.7416 | 19 Open: 0.7411 Close: 0.7374 Mid: 0.7399 | 20 Open: 0.7374 Close: 0.7495 Mid: 0.7483 | 21 Open: 0.7377 Close: 0.7377 Mid: 0.7436 |
22 Open: 0.7377 Close: 0.7383 Mid: 0.7416 | 23 Open: 0.7383 Close: 0.7318 Mid: 0.7352 | 24 Open: 0.7320 Close: 0.7267 Mid: 0.7309 | 25 Open: 0.7267 Close: 0.7300 Mid: 0.7292 | 26 Open: 0.7300 Close: 0.7295 Mid: 0.7306 | 27 Open: 0.7294 Close: 0.7409 Mid: 0.7357 | 28 Open: 0.7310 Close: 0.7310 Mid: 0.7360 |
29 Open: 0.7310 Close: 0.7324 Mid: 0.7346 | 30 Open: 0.7324 Close: 0.7334 Mid: 0.7335 | 31 Open: 0.7334 Close: 0.7371 Mid: 0.7369 |
June - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7373 Close: 0.7413 Mid: 0.7393 | 2 Open: 0.7411 Close: 0.7401 Mid: 0.7403 | 3 Open: 0.7400 Close: 0.7406 Mid: 0.7419 | 4 Open: 0.7398 Close: 0.7375 Mid: 0.7391 | |||
5 Open: 0.7375 Close: 0.7407 Mid: 0.7398 | 6 Open: 0.7407 Close: 0.7434 Mid: 0.7417 | 7 Open: 0.7435 Close: 0.7457 Mid: 0.7438 | 8 Open: 0.7456 Close: 0.7431 Mid: 0.7467 | 9 Open: 0.7435 Close: 0.7413 Mid: 0.7414 | 10 Open: 0.7414 Close: 0.7428 Mid: 0.7474 | 11 Open: 0.7430 Close: 0.7439 Mid: 0.7434 |
12 Open: 0.7439 Close: 0.7449 Mid: 0.7449 | 13 Open: 0.7448 Close: 0.7448 Mid: 0.7450 | 14 Open: 0.7450 Close: 0.7401 Mid: 0.7427 | 15 Open: 0.7401 Close: 0.7430 Mid: 0.7401 | 16 Open: 0.7426 Close: 0.7319 Mid: 0.7382 | 17 Open: 0.7319 Close: 0.7458 Mid: 0.7432 | 18 Open: 0.7458 Close: 0.7282 Mid: 0.7404 |
19 Open: 0.7279 Close: 0.7332 Mid: 0.7315 | 20 Open: 0.7331 Close: 0.7322 Mid: 0.7322 | 21 Open: 0.7324 Close: 0.7345 Mid: 0.7340 | 22 Open: 0.7342 Close: 0.7301 Mid: 0.7329 | 23 Open: 0.7301 Close: 0.7320 Mid: 0.7322 | 24 Open: 0.7319 Close: 0.7350 Mid: 0.7364 | 25 Open: 0.7351 Close: 0.7350 Mid: 0.7351 |
26 Open: 0.7350 Close: 0.7338 Mid: 0.7349 | 27 Open: 0.7336 Close: 0.7343 Mid: 0.7346 | 28 Open: 0.7347 Close: 0.7383 Mid: 0.7381 | 29 Open: 0.7383 Close: 0.7428 Mid: 0.7405 | 30 Open: 0.7430 Close: 0.7414 Mid: 0.7445 |
July - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7415 Close: 0.7427 Mid: 0.7459 | 2 Open: 0.7445 Close: 0.7445 Mid: 0.7436 | |||||
3 Open: 0.7445 Close: 0.7437 Mid: 0.7441 | 4 Open: 0.7436 Close: 0.7455 Mid: 0.7462 | 5 Open: 0.7455 Close: 0.7480 Mid: 0.7585 | 6 Open: 0.7483 Close: 0.7532 Mid: 0.7516 | 7 Open: 0.7531 Close: 0.7583 Mid: 0.7558 | 8 Open: 0.7584 Close: 0.7625 Mid: 0.7656 | 9 Open: 0.7584 Close: 0.7584 Mid: 0.7605 |
10 Open: 0.7584 Close: 0.7597 Mid: 0.7592 | 11 Open: 0.7596 Close: 0.7660 Mid: 0.7630 | 12 Open: 0.7660 Close: 0.7651 Mid: 0.7652 | 13 Open: 0.7651 Close: 0.7666 Mid: 0.7671 | 14 Open: 0.7666 Close: 0.7609 Mid: 0.7627 | 15 Open: 0.7608 Close: 0.7614 Mid: 0.7667 | 16 Open: 0.7621 Close: 0.7607 Mid: 0.7614 |
17 Open: 0.7607 Close: 0.7613 Mid: 0.7621 | 18 Open: 0.7614 Close: 0.7593 Mid: 0.7619 | 19 Open: 0.7595 Close: 0.7594 Mid: 0.7595 | 20 Open: 0.7593 Close: 0.7623 Mid: 0.7626 | 21 Open: 0.7622 Close: 0.7596 Mid: 0.7747 | 22 Open: 0.7596 Close: 0.7583 Mid: 0.7621 | 23 Open: 0.7583 Close: 0.7588 Mid: 0.7612 |
24 Open: 0.7588 Close: 0.7585 Mid: 0.7573 | 25 Open: 0.7585 Close: 0.7610 Mid: 0.7600 | 26 Open: 0.7611 Close: 0.7668 Mid: 0.7653 | 27 Open: 0.7668 Close: 0.7644 Mid: 0.7655 | 28 Open: 0.7644 Close: 0.7660 Mid: 0.7658 | 29 Open: 0.7661 Close: 0.7632 Mid: 0.7658 | 30 Open: 0.7632 Close: 0.7632 Mid: 0.7639 |
31 Open: 0.7632 Close: 0.7645 Mid: 0.7654 |
August - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7643 Close: 0.7588 Mid: 0.7618 | 2 Open: 0.7588 Close: 0.7640 Mid: 0.7623 | 3 Open: 0.7639 Close: 0.7659 Mid: 0.7649 | 4 Open: 0.7659 Close: 0.7582 Mid: 0.7649 | 5 Open: 0.7584 Close: 0.7612 Mid: 0.7599 | 6 Open: 0.7597 Close: 0.7588 Mid: 0.7600 | |
7 Open: 0.7588 Close: 0.7596 Mid: 0.7595 | 8 Open: 0.7594 Close: 0.7631 Mid: 0.7648 | 9 Open: 0.7630 Close: 0.7604 Mid: 0.7606 | 10 Open: 0.7604 Close: 0.7601 Mid: 0.7580 | 11 Open: 0.7602 Close: 0.7594 Mid: 0.7595 | 12 Open: 0.7594 Close: 0.7629 Mid: 0.7635 | 13 Open: 0.7626 Close: 0.7626 Mid: 0.7628 |
14 Open: 0.7626 Close: 0.7630 Mid: 0.7640 | 15 Open: 0.7631 Close: 0.7628 Mid: 0.7609 | 16 Open: 0.7628 Close: 0.7655 Mid: 0.7640 | 17 Open: 0.7655 Close: 0.7606 Mid: 0.7631 | 18 Open: 0.7607 Close: 0.7653 Mid: 0.7644 | 19 Open: 0.7655 Close: 0.7669 Mid: 0.7656 | 20 Open: 0.7667 Close: 0.7661 Mid: 0.7665 |
21 Open: 0.7661 Close: 0.7664 Mid: 0.7665 | 22 Open: 0.7664 Close: 0.7712 Mid: 0.7706 | 23 Open: 0.7712 Close: 0.7742 Mid: 0.7744 | 24 Open: 0.7743 Close: 0.7735 Mid: 0.7745 | 25 Open: 0.7735 Close: 0.7752 Mid: 0.7743 | 26 Open: 0.7751 Close: 0.7685 Mid: 0.7826 | 27 Open: 0.7702 Close: 0.7674 Mid: 0.7688 |
28 Open: 0.7674 Close: 0.7704 Mid: 0.7683 | 29 Open: 0.7705 Close: 0.7685 Mid: 0.7702 | 30 Open: 0.7685 Close: 0.7621 Mid: 0.7658 | 31 Open: 0.7622 Close: 0.7580 Mid: 0.7612 |
September - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7580 Close: 0.7642 Mid: 0.7601 | 2 Open: 0.7642 Close: 0.7695 Mid: 0.7674 | 3 Open: 0.7645 Close: 0.7645 Mid: 0.7670 | ||||
4 Open: 0.7636 Close: 0.7680 Mid: 0.7694 | 5 Open: 0.7679 Close: 0.7654 Mid: 0.7667 | 6 Open: 0.7655 Close: 0.7680 Mid: 0.7666 | 7 Open: 0.7680 Close: 0.7619 Mid: 0.7669 | 8 Open: 0.7619 Close: 0.7637 Mid: 0.7633 | 9 Open: 0.7638 Close: 0.7651 Mid: 0.7657 | 10 Open: 0.7652 Close: 0.7652 Mid: 0.7617 |
11 Open: 0.7652 Close: 0.7624 Mid: 0.7618 | 12 Open: 0.7625 Close: 0.7605 Mid: 0.7596 | 13 Open: 0.7608 Close: 0.7612 Mid: 0.7614 | 14 Open: 0.7611 Close: 0.7609 Mid: 0.7605 | 15 Open: 0.7613 Close: 0.7556 Mid: 0.7594 | 16 Open: 0.7557 Close: 0.7519 Mid: 0.7563 | 17 Open: 0.7521 Close: 0.7508 Mid: 0.7515 |
18 Open: 0.7508 Close: 0.7525 Mid: 0.7530 | 19 Open: 0.7527 Close: 0.7530 Mid: 0.7539 | 20 Open: 0.7529 Close: 0.7505 Mid: 0.7525 | 21 Open: 0.7505 Close: 0.7548 Mid: 0.7550 | 22 Open: 0.7546 Close: 0.7546 Mid: 0.7526 | 23 Open: 0.7543 Close: 0.7625 Mid: 0.7625 | 24 Open: 0.7551 Close: 0.7504 Mid: 0.7565 |
25 Open: 0.7504 Close: 0.7602 Mid: 0.7555 | 26 Open: 0.7602 Close: 0.7580 Mid: 0.7641 | 27 Open: 0.7584 Close: 0.7594 Mid: 0.7587 | 28 Open: 0.7594 Close: 0.7559 Mid: 0.7593 | 29 Open: 0.7559 Close: 0.7440 Mid: 0.7499 | 30 Open: 0.7441 Close: 0.7475 Mid: 0.7419 |
October - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.7359 Close: 0.7359 Mid: 0.7417 | ||||||
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.