Best Euro / South African Rand Exchange Rate Today: 17.6223
Compare international payments, cash buys, travel money.
Live rate: 1 EUR = 17.6223 ZAR
Inverted: 1 ZAR = 0.0567 EUR
| Provider | Exchange Rate | Fee | Recipient gets | Service | Notes | Action |
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Live Market Rate |
17.6223 |
 Set Alert
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17.5694 | 0 | 17.5694 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
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17.4989 | 0 | 17.4989 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
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17.4637 | 0 | 17.4637 | 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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17.1289 | Variable | 17.1289 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
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Worst Bank Rate
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17.0055 | Variable | 17.0055 | 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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17.3580 | 0 | 17.3580 | Holiday FX, Cash Delivery | Booking Online prior to pickup is the key to getting a good rate |
EUR/ZAR Live Chart and Data
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January - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 18.1294 Close: 18.1294 Mid: 18.1294 | ||||||
2 Open: 18.1294 Close: 18.1161 Mid: 18.1434 | 3 Open: 18.1173 Close: 17.9018 Mid: 17.9985 | 4 Open: 17.9069 Close: 18.0512 Mid: 17.9955 | 5 Open: 18.0510 Close: 17.9299 Mid: 17.9761 | 6 Open: 17.9279 Close: 17.7191 Mid: 17.8698 | 7 Open: 17.7325 Close: 17.6827 Mid: 17.6821 | 8 Open: 17.6827 Close: 17.6801 Mid: 17.5551 |
9 Open: 17.6801 Close: 17.6540 Mid: 17.6787 | 10 Open: 17.6531 Close: 17.7262 Mid: 17.7243 | 11 Open: 17.7269 Close: 17.6377 Mid: 17.6944 | 12 Open: 17.6022 Close: 17.4792 Mid: 17.5625 | 13 Open: 17.4783 Close: 17.6184 Mid: 17.5754 | 14 Open: 17.6189 Close: 17.5559 Mid: 17.6104 | 15 Open: 17.5559 Close: 17.5559 Mid: 17.5559 |
16 Open: 17.5559 Close: 17.4782 Mid: 17.5074 | 17 Open: 17.4799 Close: 17.5301 Mid: 17.5476 | 18 Open: 17.5319 Close: 17.5395 Mid: 17.5893 | 19 Open: 17.5389 Close: 17.3393 Mid: 17.4600 | 20 Open: 17.3446 Close: 17.1950 Mid: 17.2651 | 21 Open: 17.1956 Close: 17.1341 Mid: 17.1832 | 22 Open: 17.1341 Close: 17.1341 Mid: 17.1341 |
23 Open: 17.1341 Close: 17.0773 Mid: 17.0941 | 24 Open: 17.0819 Close: 17.2448 Mid: 17.2474 | 25 Open: 17.2454 Close: 17.2051 Mid: 17.2697 | 26 Open: 17.2053 Close: 17.1922 Mid: 17.1596 | 27 Open: 17.1851 Close: 17.1952 Mid: 17.1589 | 28 Open: 17.1969 Close: 17.3690 Mid: 17.3448 | 29 Open: 17.3690 Close: 17.3690 Mid: 17.3690 |
30 Open: 17.3737 Close: 17.3755 Mid: 17.3134 | 31 Open: 17.3726 Close: 17.2617 Mid: 17.3156 |
February - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 17.2298 Close: 17.1962 Mid: 17.2214 | 2 Open: 17.1741 Close: 17.2943 Mid: 17.2771 | 3 Open: 17.2952 Close: 17.4155 Mid: 17.3705 | 4 Open: 17.4161 Close: 17.7095 Mid: 17.5872 | 5 Open: 17.7095 Close: 17.7095 Mid: 17.7095 | ||
6 Open: 17.7095 Close: 17.6558 Mid: 17.5862 | 7 Open: 17.6573 Close: 17.7026 Mid: 17.6921 | 8 Open: 17.7032 Close: 17.4949 Mid: 17.6255 | 9 Open: 17.4971 Close: 17.3347 Mid: 17.4400 | 10 Open: 17.3339 Close: 17.2687 Mid: 17.2999 | 11 Open: 17.2669 Close: 17.2487 Mid: 17.2532 | 12 Open: 17.2487 Close: 17.2500 Mid: 17.2573 |
13 Open: 17.2500 Close: 17.2619 Mid: 17.2291 | 14 Open: 17.2619 Close: 17.0462 Mid: 17.1768 | 15 Open: 17.0462 Close: 17.1130 Mid: 17.1361 | 16 Open: 17.1082 Close: 17.0322 Mid: 17.1138 | 17 Open: 17.0336 Close: 17.0207 Mid: 17.0318 | 18 Open: 17.0153 Close: 17.0901 Mid: 17.0781 | 19 Open: 17.0901 Close: 17.0901 Mid: 17.0901 |
20 Open: 17.0901 Close: 17.0933 Mid: 17.0996 | 21 Open: 17.0905 Close: 17.1014 Mid: 17.1431 | 22 Open: 17.1042 Close: 17.0334 Mid: 17.1224 | 23 Open: 17.0336 Close: 17.0627 Mid: 17.0564 | 24 Open: 17.0641 Close: 17.1597 Mid: 17.1713 | 25 Open: 17.1612 Close: 17.0465 Mid: 17.0904 | 26 Open: 17.0465 Close: 17.0568 Mid: 17.0546 |
27 Open: 17.0568 Close: 17.1657 Mid: 17.1027 | 28 Open: 17.1819 Close: 17.2158 Mid: 17.2199 |
March - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 17.2071 Close: 17.1115 Mid: 17.1570 | 2 Open: 17.0970 Close: 16.9915 Mid: 17.0890 | 3 Open: 16.9909 Close: 16.7781 Mid: 16.9217 | 4 Open: 16.7774 Close: 16.7570 Mid: 16.7982 | 5 Open: 16.7570 Close: 16.7570 Mid: 16.7880 | ||
6 Open: 16.7570 Close: 16.6300 Mid: 16.6805 | 7 Open: 16.6329 Close: 16.6344 Mid: 16.6743 | 8 Open: 16.6364 Close: 16.6091 Mid: 16.6629 | 9 Open: 16.6122 Close: 16.5887 Mid: 16.6302 | 10 Open: 16.5939 Close: 16.5424 Mid: 16.6306 | 11 Open: 16.5439 Close: 16.3941 Mid: 16.4899 | 12 Open: 16.3941 Close: 16.3941 Mid: 16.3941 |
13 Open: 16.3941 Close: 16.3997 Mid: 16.4049 | 14 Open: 16.4072 Close: 16.5156 Mid: 16.4822 | 15 Open: 16.5153 Close: 16.5601 Mid: 16.5818 | 16 Open: 16.5382 Close: 16.4011 Mid: 16.4912 | 17 Open: 16.4025 Close: 16.5164 Mid: 16.4978 | 18 Open: 16.5180 Close: 16.5320 Mid: 16.5359 | 19 Open: 16.5320 Close: 16.5320 Mid: 16.5320 |
20 Open: 16.5320 Close: 16.4774 Mid: 16.5010 | 21 Open: 16.4803 Close: 16.4246 Mid: 16.4765 | 22 Open: 16.4114 Close: 16.3015 Mid: 16.3862 | 23 Open: 16.3046 Close: 16.2155 Mid: 16.2688 | 24 Open: 16.2113 Close: 15.9480 Mid: 16.0907 | 25 Open: 15.9466 Close: 15.9642 Mid: 16.0108 | 26 Open: 15.9642 Close: 15.9745 Mid: 15.9773 |
27 Open: 15.7943 Close: 15.9530 Mid: 15.8867 | 28 Open: 15.9546 Close: 16.0825 Mid: 16.0503 | 29 Open: 16.1174 Close: 16.1126 Mid: 16.1332 | 30 Open: 16.1150 Close: 16.1343 Mid: 16.1199 | 31 Open: 16.1539 Close: 16.1393 Mid: 16.1693 |
April - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 16.1727 Close: 16.1668 Mid: 16.1467 | 2 Open: 16.1668 Close: 16.1770 Mid: 16.1870 | |||||
3 Open: 16.1770 Close: 16.1572 Mid: 16.1449 | 4 Open: 16.1642 Close: 15.9716 Mid: 16.0750 | 5 Open: 15.9729 Close: 16.0009 Mid: 15.9697 | 6 Open: 15.9773 Close: 15.9648 Mid: 15.9996 | 7 Open: 15.9910 Close: 15.9818 Mid: 16.0575 | 8 Open: 16.0031 Close: 15.9362 Mid: 15.9713 | 9 Open: 15.9362 Close: 15.9362 Mid: 15.9362 |
10 Open: 15.9362 Close: 15.9065 Mid: 15.9414 | 11 Open: 15.9117 Close: 15.8284 Mid: 15.9021 | 12 Open: 15.8308 Close: 15.6874 Mid: 15.7703 | 13 Open: 15.7156 Close: 15.8163 Mid: 15.7526 | 14 Open: 15.8211 Close: 15.8347 Mid: 15.8924 | 15 Open: 15.8476 Close: 15.7688 Mid: 15.8182 | 16 Open: 15.7688 Close: 15.7688 Mid: 15.7688 |
17 Open: 15.7688 Close: 15.8053 Mid: 15.7758 | 18 Open: 15.8089 Close: 15.7798 Mid: 15.8141 | 19 Open: 15.8083 Close: 16.1212 Mid: 15.9849 | 20 Open: 16.1530 Close: 16.2727 Mid: 16.2613 | 21 Open: 16.3024 Close: 16.6410 Mid: 16.5022 | 22 Open: 16.6900 Close: 16.8312 Mid: 16.8155 | 23 Open: 16.8312 Close: 16.8805 Mid: 16.6994 |
24 Open: 16.8805 Close: 16.8319 Mid: 16.7712 | 25 Open: 16.8336 Close: 16.7867 Mid: 16.8394 | 26 Open: 16.8173 Close: 16.8399 Mid: 16.8114 | 27 Open: 16.8734 Close: 16.7418 Mid: 16.8124 | 28 Open: 16.7578 Close: 16.8025 Mid: 16.7943 | 29 Open: 16.7009 Close: 16.6622 Mid: 16.7029 | 30 Open: 16.6622 Close: 16.6622 Mid: 16.6622 |
May - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 16.6622 Close: 16.6175 Mid: 16.5857 | 2 Open: 16.6241 Close: 16.9062 Mid: 16.8200 | 3 Open: 16.9337 Close: 16.5608 Mid: 16.7582 | 4 Open: 16.5941 Close: 16.4016 Mid: 16.5342 | 5 Open: 16.4056 Close: 16.8207 Mid: 16.6428 | 6 Open: 16.8489 Close: 16.8502 Mid: 16.9036 | 7 Open: 16.8502 Close: 16.8502 Mid: 16.8502 |
8 Open: 16.8502 Close: 16.8915 Mid: 16.8392 | 9 Open: 16.8964 Close: 17.1423 Mid: 17.0147 | 10 Open: 17.1434 Close: 16.9617 Mid: 17.0442 | 11 Open: 16.9735 Close: 16.8762 Mid: 16.9383 | 12 Open: 16.8748 Close: 16.6492 Mid: 16.8546 | 13 Open: 16.6717 Close: 16.8298 Mid: 16.7452 | 14 Open: 16.8298 Close: 16.8298 Mid: 16.8298 |
15 Open: 16.8298 Close: 16.7683 Mid: 16.7604 | 16 Open: 16.7750 Close: 16.8301 Mid: 16.8753 | 17 Open: 16.8587 Close: 16.7685 Mid: 16.8151 | 18 Open: 16.7766 Close: 16.8020 Mid: 16.7758 | 19 Open: 16.8307 Close: 16.7203 Mid: 16.7462 | 20 Open: 16.7497 Close: 16.6844 Mid: 16.7420 | 21 Open: 16.6844 Close: 16.6844 Mid: 16.6844 |
22 Open: 16.6844 Close: 16.7301 Mid: 16.6801 | 23 Open: 16.7415 Close: 16.8293 Mid: 16.7778 | 24 Open: 16.8620 Close: 16.7570 Mid: 16.8320 | 25 Open: 16.7528 Close: 16.7767 Mid: 16.7245 | 26 Open: 16.7977 Close: 16.8200 Mid: 16.8700 | 27 Open: 16.8535 Close: 16.7529 Mid: 16.7790 | 28 Open: 16.7529 Close: 16.7529 Mid: 16.7529 |
29 Open: 16.7529 Close: 16.6995 Mid: 16.6937 | 30 Open: 16.7032 Close: 16.6517 Mid: 16.6956 | 31 Open: 16.6758 Close: 16.7391 Mid: 16.7189 |
June - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 16.7507 Close: 16.5637 Mid: 16.6657 | 2 Open: 16.5961 Close: 16.5861 Mid: 16.5920 | 3 Open: 16.6131 Close: 16.6660 Mid: 16.6075 | 4 Open: 16.6660 Close: 16.6481 Mid: 16.5313 | |||
5 Open: 16.6481 Close: 16.6466 Mid: 16.6556 | 6 Open: 16.6427 Close: 16.4897 Mid: 16.5352 | 7 Open: 16.5162 Close: 16.4190 Mid: 16.4753 | 8 Open: 16.4530 Close: 16.3516 Mid: 16.4195 | 9 Open: 16.3794 Close: 16.4135 Mid: 16.3622 | 10 Open: 16.4312 Close: 16.6640 Mid: 16.5602 | 11 Open: 16.6640 Close: 16.6845 Mid: 16.6669 |
12 Open: 16.6845 Close: 16.6307 Mid: 16.6366 | 13 Open: 16.6508 Close: 16.7763 Mid: 16.7590 | 14 Open: 16.8027 Close: 16.7005 Mid: 16.7563 | 15 Open: 16.7236 Close: 16.4413 Mid: 16.6278 | 16 Open: 16.4761 Close: 16.8519 Mid: 16.7017 | 17 Open: 16.8810 Close: 16.8129 Mid: 16.7880 | 18 Open: 16.8129 Close: 16.8127 Mid: 16.7926 |
19 Open: 16.8082 Close: 16.7591 Mid: 16.7653 | 20 Open: 16.7763 Close: 16.8354 Mid: 16.8419 | 21 Open: 16.8552 Close: 16.7524 Mid: 16.7925 | 22 Open: 16.7609 Close: 16.7920 Mid: 16.7950 | 23 Open: 16.8381 Close: 16.7943 Mid: 16.8148 | 24 Open: 16.7906 Close: 16.6828 Mid: 16.7374 | 25 Open: 16.6828 Close: 16.6828 Mid: 16.6828 |
26 Open: 16.6828 Close: 16.6574 Mid: 16.6309 | 27 Open: 16.6621 Close: 16.7446 Mid: 16.7531 | 28 Open: 16.7703 Close: 16.8819 Mid: 16.8321 | 29 Open: 16.9078 Close: 16.9260 Mid: 16.9500 | 30 Open: 16.9335 Close: 17.0302 Mid: 17.0133 |
July - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 17.0513 Close: 16.9932 Mid: 17.0681 | 2 Open: 16.9932 Close: 16.9932 Mid: 16.9932 | |||||
3 Open: 16.9932 Close: 17.0058 Mid: 17.0053 | 4 Open: 17.0013 Close: 17.0193 Mid: 17.0196 | 5 Open: 17.0420 Close: 16.9299 Mid: 16.9646 | 6 Open: 16.9566 Close: 17.0679 Mid: 17.0401 | 7 Open: 17.0851 Close: 16.9670 Mid: 17.0545 | 8 Open: 16.9968 Close: 17.1673 Mid: 17.0926 | 9 Open: 17.1673 Close: 17.1775 Mid: 17.1724 |
10 Open: 17.1775 Close: 17.0907 Mid: 17.1341 | 11 Open: 17.0944 Close: 17.1338 Mid: 17.1252 | 12 Open: 17.1367 Close: 17.0750 Mid: 17.0857 | 13 Open: 17.0738 Close: 17.0009 Mid: 17.0665 | 14 Open: 17.0295 Close: 17.1472 Mid: 17.1129 | 15 Open: 17.1782 Close: 17.2062 Mid: 17.2486 | 16 Open: 17.2062 Close: 17.2062 Mid: 17.2120 |
17 Open: 17.2062 Close: 17.2078 Mid: 17.1982 | 18 Open: 17.2101 Close: 17.3384 Mid: 17.2894 | 19 Open: 17.3694 Close: 17.4481 Mid: 17.4114 | 20 Open: 17.4683 Close: 17.4209 Mid: 17.4797 | 21 Open: 17.4448 Close: 17.3960 Mid: 17.4555 | 22 Open: 17.4153 Close: 17.1814 Mid: 17.2723 | 23 Open: 17.1814 Close: 17.1817 Mid: 17.1857 |
24 Open: 17.1817 Close: 17.1229 Mid: 17.1405 | 25 Open: 17.1243 Close: 17.1332 Mid: 17.1636 | 26 Open: 17.1488 Close: 17.0758 Mid: 17.0918 | 27 Open: 17.0771 Close: 16.9970 Mid: 17.0657 | 28 Open: 17.0229 Close: 16.7977 Mid: 16.9210 | 29 Open: 16.7750 Close: 16.9663 Mid: 16.8930 | 30 Open: 16.9663 Close: 16.9663 Mid: 16.9663 |
31 Open: 16.9663 Close: 16.9360 Mid: 16.8527 |
August - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 16.9424 Close: 16.9063 Mid: 16.9295 | 2 Open: 16.9533 Close: 17.0671 Mid: 16.9687 | 3 Open: 17.1003 Close: 17.0022 Mid: 17.0659 | 4 Open: 17.0008 Close: 16.9842 Mid: 17.0386 | 5 Open: 17.0079 Close: 17.0670 Mid: 17.0488 | 6 Open: 17.0670 Close: 17.0423 Mid: 16.9396 | |
7 Open: 17.0423 Close: 17.0376 Mid: 17.0497 | 8 Open: 17.0410 Close: 16.9377 Mid: 16.9977 | 9 Open: 16.9370 Close: 16.9123 Mid: 16.9690 | 10 Open: 16.9130 Close: 16.6548 Mid: 16.8116 | 11 Open: 16.6822 Close: 16.7358 Mid: 16.7265 | 12 Open: 16.7623 Close: 16.5858 Mid: 16.6650 | 13 Open: 16.5858 Close: 16.5858 Mid: 16.5858 |
14 Open: 16.5858 Close: 16.5919 Mid: 16.5924 | 15 Open: 16.5913 Close: 16.6606 Mid: 16.6669 | 16 Open: 16.6616 Close: 16.6224 Mid: 16.6744 | 17 Open: 16.6425 Close: 16.9156 Mid: 16.8018 | 18 Open: 16.9175 Close: 16.9862 Mid: 16.9759 | 19 Open: 17.0094 Close: 17.0887 Mid: 17.0553 | 20 Open: 17.0887 Close: 17.0861 Mid: 17.0738 |
21 Open: 17.0861 Close: 17.0651 Mid: 17.0456 | 22 Open: 17.0666 Close: 16.8645 Mid: 16.9723 | 23 Open: 16.8915 Close: 16.9023 Mid: 16.9570 | 24 Open: 16.9254 Close: 16.8556 Mid: 16.9141 | 25 Open: 16.8764 Close: 16.6576 Mid: 16.7767 | 26 Open: 16.6843 Close: 16.8054 Mid: 16.7956 | 27 Open: 16.8054 Close: 16.8105 Mid: 16.8089 |
28 Open: 16.8105 Close: 16.8052 Mid: 16.7726 | 29 Open: 16.8046 Close: 16.8279 Mid: 16.8466 | 30 Open: 16.8547 Close: 16.9815 Mid: 16.9155 | 31 Open: 17.0044 Close: 17.1716 Mid: 17.0886 |
September - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 17.1956 Close: 17.1494 Mid: 17.1719 | 2 Open: 17.1737 Close: 17.2199 Mid: 17.2593 | 3 Open: 17.2199 Close: 17.2199 Mid: 17.2199 | ||||
4 Open: 17.2031 Close: 17.1165 Mid: 17.1334 | 5 Open: 17.1227 Close: 17.0563 Mid: 17.1125 | 6 Open: 17.0744 Close: 17.1031 Mid: 17.0671 | 7 Open: 17.1257 Close: 17.2302 Mid: 17.1983 | 8 Open: 17.2595 Close: 17.4811 Mid: 17.3797 | 9 Open: 17.5091 Close: 17.3923 Mid: 17.4408 | 10 Open: 17.3923 Close: 17.3923 Mid: 17.3842 |
11 Open: 17.3923 Close: 17.3461 Mid: 17.4085 | 12 Open: 17.3450 Close: 17.2988 Mid: 17.3891 | 13 Open: 17.3169 Close: 17.3761 Mid: 17.3065 | 14 Open: 17.3984 Close: 17.4190 Mid: 17.4132 | 15 Open: 17.4408 Close: 17.5360 Mid: 17.4932 | 16 Open: 17.5637 Close: 17.6126 Mid: 17.6257 | 17 Open: 17.6126 Close: 17.6152 Mid: 17.4429 |
18 Open: 17.6152 Close: 17.6490 Mid: 17.6346 | 19 Open: 17.6509 Close: 17.6902 Mid: 17.6794 | 20 Open: 17.7195 Close: 17.6207 Mid: 17.6811 | 21 Open: 17.6271 Close: 17.4223 Mid: 17.4857 | 22 Open: 17.4155 Close: 17.2755 Mid: 17.3518 | 23 Open: 17.2984 Close: 17.3747 Mid: 17.3634 | 24 Open: 17.3747 Close: 17.3384 Mid: 17.2876 |
25 Open: 17.3384 Close: 17.3559 Mid: 17.3461 | 26 Open: 17.3568 Close: 17.3468 Mid: 17.3687 | 27 Open: 17.3601 Close: 17.2600 Mid: 17.2941 | 28 Open: 17.2733 Close: 17.3027 Mid: 17.3170 | 29 Open: 17.3010 Close: 17.6562 Mid: 17.4979 | 30 Open: 17.6547 Close: 17.7216 Mid: 17.6439 |
October - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 17.7216 Close: 17.7216 Mid: 17.7216 | ||||||
2 Open: 17.7216 Close: 17.6566 Mid: 17.6605 | 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.