Best Euro / Swiss Franc Exchange Rate Today: 0.9671
Compare international payments, cash buys, travel money.
Live rate: 1 EUR = 0.9671 CHF
Inverted: 1 CHF = 1.0340 EUR
| Provider | Exchange Rate | Fee | Recipient gets | Service | Notes | Action |
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Live Market Rate |
0.9671 |
 Set Alert
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0.9642 | 0 | 0.9642 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
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0.9603 | 0 | 0.9603 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
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0.9584 | 0 | 0.9584 | 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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0.9400 | Variable | 0.9400 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
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Worst Bank Rate
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0.9333 | Variable | 0.9333 | 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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0.9526 | 0 | 0.9526 | Holiday FX, Cash Delivery | Booking Online prior to pickup is the key to getting a good rate |
EUR/CHF Live Chart and Data
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January - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0368 Close: 1.0368 Mid: 1.0368 | ||||||
2 Open: 1.0368 Close: 1.0372 Mid: 1.0364 | 3 Open: 1.0372 Close: 1.0378 Mid: 1.0369 | 4 Open: 1.0379 Close: 1.0337 Mid: 1.0352 | 5 Open: 1.0337 Close: 1.0376 Mid: 1.0362 | 6 Open: 1.0376 Close: 1.0408 Mid: 1.0393 | 7 Open: 1.0407 Close: 1.0434 Mid: 1.0427 | 8 Open: 1.0434 Close: 1.0435 Mid: 1.0435 |
9 Open: 1.0435 Close: 1.0432 Mid: 1.0430 | 10 Open: 1.0432 Close: 1.0505 Mid: 1.0466 | 11 Open: 1.0505 Close: 1.0496 Mid: 1.0500 | 12 Open: 1.0496 Close: 1.0458 Mid: 1.0472 | 13 Open: 1.0458 Close: 1.0437 Mid: 1.0455 | 14 Open: 1.0438 Close: 1.0431 Mid: 1.0429 | 15 Open: 1.0431 Close: 1.0431 Mid: 1.0431 |
16 Open: 1.0431 Close: 1.0434 Mid: 1.0424 | 17 Open: 1.0435 Close: 1.0427 Mid: 1.0431 | 18 Open: 1.0428 Close: 1.0390 Mid: 1.0404 | 19 Open: 1.0389 Close: 1.0386 Mid: 1.0387 | 20 Open: 1.0385 Close: 1.0373 Mid: 1.0380 | 21 Open: 1.0373 Close: 1.0316 Mid: 1.0344 | 22 Open: 1.0316 Close: 1.0316 Mid: 1.0316 |
23 Open: 1.0316 Close: 1.0349 Mid: 1.0332 | 24 Open: 1.0349 Close: 1.0351 Mid: 1.0329 | 25 Open: 1.0350 Close: 1.0374 Mid: 1.0364 | 26 Open: 1.0374 Close: 1.0386 Mid: 1.0380 | 27 Open: 1.0386 Close: 1.0374 Mid: 1.0381 | 28 Open: 1.0375 Close: 1.0372 Mid: 1.0374 | 29 Open: 1.0372 Close: 1.0372 Mid: 1.0372 |
30 Open: 1.0379 Close: 1.0385 Mid: 1.0377 | 31 Open: 1.0384 Close: 1.0411 Mid: 1.0408 |
February - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0408 Close: 1.0383 Mid: 1.0387 | 2 Open: 1.0383 Close: 1.0382 Mid: 1.0391 | 3 Open: 1.0385 Close: 1.0524 Mid: 1.0461 | 4 Open: 1.0524 Close: 1.0598 Mid: 1.0562 | 5 Open: 1.0598 Close: 1.0598 Mid: 1.0598 | ||
6 Open: 1.0598 Close: 1.0596 Mid: 1.0582 | 7 Open: 1.0597 Close: 1.0559 Mid: 1.0573 | 8 Open: 1.0560 Close: 1.0565 Mid: 1.0549 | 9 Open: 1.0564 Close: 1.0556 Mid: 1.0554 | 10 Open: 1.0555 Close: 1.0564 Mid: 1.0580 | 11 Open: 1.0565 Close: 1.0475 Mid: 1.0507 | 12 Open: 1.0475 Close: 1.0504 Mid: 1.0489 |
13 Open: 1.0504 Close: 1.0509 Mid: 1.0489 | 14 Open: 1.0509 Close: 1.0452 Mid: 1.0474 | 15 Open: 1.0452 Close: 1.0509 Mid: 1.0486 | 16 Open: 1.0508 Close: 1.0484 Mid: 1.0514 | 17 Open: 1.0484 Close: 1.0453 Mid: 1.0468 | 18 Open: 1.0450 Close: 1.0431 Mid: 1.0452 | 19 Open: 1.0431 Close: 1.0431 Mid: 1.0431 |
20 Open: 1.0431 Close: 1.0421 Mid: 1.0424 | 21 Open: 1.0420 Close: 1.0353 Mid: 1.0406 | 22 Open: 1.0358 Close: 1.0440 Mid: 1.0398 | 23 Open: 1.0440 Close: 1.0373 Mid: 1.0413 | 24 Open: 1.0372 Close: 1.0360 Mid: 1.0326 | 25 Open: 1.0360 Close: 1.0432 Mid: 1.0389 | 26 Open: 1.0432 Close: 1.0433 Mid: 1.0432 |
27 Open: 1.0433 Close: 1.0361 Mid: 1.0385 | 28 Open: 1.0360 Close: 1.0292 Mid: 1.0375 |
March - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0289 Close: 1.0224 Mid: 1.0247 | 2 Open: 1.0223 Close: 1.0229 Mid: 1.0210 | 3 Open: 1.0229 Close: 1.0157 Mid: 1.0189 | 4 Open: 1.0156 Close: 1.0024 Mid: 1.0087 | 5 Open: 1.0024 Close: 1.0024 Mid: 1.0023 | ||
6 Open: 1.0024 Close: 1.0002 Mid: 1.0004 | 7 Open: 1.0005 Close: 1.0055 Mid: 1.0034 | 8 Open: 1.0054 Close: 1.0130 Mid: 1.0111 | 9 Open: 1.0129 Close: 1.0256 Mid: 1.0198 | 10 Open: 1.0259 Close: 1.0235 Mid: 1.0252 | 11 Open: 1.0235 Close: 1.0201 Mid: 1.0231 | 12 Open: 1.0201 Close: 1.0201 Mid: 1.0201 |
13 Open: 1.0201 Close: 1.0219 Mid: 1.0170 | 14 Open: 1.0219 Close: 1.0167 Mid: 1.0196 | 15 Open: 1.0269 Close: 1.0318 Mid: 1.0257 | 16 Open: 1.0318 Close: 1.0378 Mid: 1.0345 | 17 Open: 1.0377 Close: 1.0388 Mid: 1.0381 | 18 Open: 1.0389 Close: 1.0328 Mid: 1.0346 | 19 Open: 1.0328 Close: 1.0328 Mid: 1.0328 |
20 Open: 1.0328 Close: 1.0302 Mid: 1.0311 | 21 Open: 1.0301 Close: 1.0288 Mid: 1.0292 | 22 Open: 1.0289 Close: 1.0293 Mid: 1.0280 | 23 Open: 1.0295 Close: 1.0243 Mid: 1.0272 | 24 Open: 1.0243 Close: 1.0233 Mid: 1.0241 | 25 Open: 1.0232 Close: 1.0240 Mid: 1.0218 | 26 Open: 1.0240 Close: 1.0219 Mid: 1.0230 |
27 Open: 1.0211 Close: 1.0227 Mid: 1.0220 | 28 Open: 1.0227 Close: 1.0260 Mid: 1.0259 | 29 Open: 1.0261 Close: 1.0327 Mid: 1.0317 | 30 Open: 1.0327 Close: 1.0302 Mid: 1.0301 | 31 Open: 1.0302 Close: 1.0221 Mid: 1.0262 |
April - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0221 Close: 1.0188 Mid: 1.0216 | 2 Open: 1.0188 Close: 1.0192 Mid: 1.0206 | |||||
3 Open: 1.0192 Close: 1.0225 Mid: 1.0210 | 4 Open: 1.0227 Close: 1.0165 Mid: 1.0196 | 5 Open: 1.0166 Close: 1.0138 Mid: 1.0148 | 6 Open: 1.0138 Close: 1.0167 Mid: 1.0168 | 7 Open: 1.0168 Close: 1.0152 Mid: 1.0171 | 8 Open: 1.0151 Close: 1.0160 Mid: 1.0158 | 9 Open: 1.0160 Close: 1.0160 Mid: 1.0160 |
10 Open: 1.0160 Close: 1.0168 Mid: 1.0159 | 11 Open: 1.0169 Close: 1.0131 Mid: 1.0162 | 12 Open: 1.0131 Close: 1.0096 Mid: 1.0121 | 13 Open: 1.0096 Close: 1.0175 Mid: 1.0135 | 14 Open: 1.0175 Close: 1.0204 Mid: 1.0175 | 15 Open: 1.0204 Close: 1.0192 Mid: 1.0191 | 16 Open: 1.0192 Close: 1.0192 Mid: 1.0192 |
17 Open: 1.0192 Close: 1.0191 Mid: 1.0172 | 18 Open: 1.0191 Close: 1.0183 Mid: 1.0184 | 19 Open: 1.0185 Close: 1.0277 Mid: 1.0228 | 20 Open: 1.0277 Close: 1.0297 Mid: 1.0273 | 21 Open: 1.0296 Close: 1.0333 Mid: 1.0329 | 22 Open: 1.0333 Close: 1.0329 Mid: 1.0329 | 23 Open: 1.0329 Close: 1.0333 Mid: 1.0332 |
24 Open: 1.0333 Close: 1.0328 Mid: 1.0338 | 25 Open: 1.0331 Close: 1.0267 Mid: 1.0289 | 26 Open: 1.0268 Close: 1.0240 Mid: 1.0251 | 27 Open: 1.0243 Close: 1.0223 Mid: 1.0228 | 28 Open: 1.0225 Close: 1.0206 Mid: 1.0215 | 29 Open: 1.0206 Close: 1.0263 Mid: 1.0229 | 30 Open: 1.0263 Close: 1.0263 Mid: 1.0263 |
May - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0263 Close: 1.0263 Mid: 1.0247 | 2 Open: 1.0263 Close: 1.0273 Mid: 1.0258 | 3 Open: 1.0271 Close: 1.0302 Mid: 1.0283 | 4 Open: 1.0299 Close: 1.0336 Mid: 1.0330 | 5 Open: 1.0336 Close: 1.0385 Mid: 1.0354 | 6 Open: 1.0383 Close: 1.0426 Mid: 1.0391 | 7 Open: 1.0426 Close: 1.0426 Mid: 1.0426 |
8 Open: 1.0426 Close: 1.0418 Mid: 1.0342 | 9 Open: 1.0416 Close: 1.0491 Mid: 1.0455 | 10 Open: 1.0489 Close: 1.0486 Mid: 1.0485 | 11 Open: 1.0486 Close: 1.0454 Mid: 1.0460 | 12 Open: 1.0454 Close: 1.0413 Mid: 1.0419 | 13 Open: 1.0411 Close: 1.0362 Mid: 1.0382 | 14 Open: 1.0362 Close: 1.0362 Mid: 1.0362 |
15 Open: 1.0362 Close: 1.0423 Mid: 1.0402 | 16 Open: 1.0423 Close: 1.0459 Mid: 1.0448 | 17 Open: 1.0458 Close: 1.0482 Mid: 1.0458 | 18 Open: 1.0481 Close: 1.0337 Mid: 1.0410 | 19 Open: 1.0339 Close: 1.0285 Mid: 1.0293 | 20 Open: 1.0285 Close: 1.0203 Mid: 1.0253 | 21 Open: 1.0203 Close: 1.0203 Mid: 1.0203 |
22 Open: 1.0203 Close: 1.0304 Mid: 1.0258 | 23 Open: 1.0305 Close: 1.0316 Mid: 1.0256 | 24 Open: 1.0316 Close: 1.0307 Mid: 1.0316 | 25 Open: 1.0306 Close: 1.0275 Mid: 1.0275 | 26 Open: 1.0276 Close: 1.0288 Mid: 1.0278 | 27 Open: 1.0288 Close: 1.0273 Mid: 1.0274 | 28 Open: 1.0273 Close: 1.0273 Mid: 1.0273 |
29 Open: 1.0273 Close: 1.0278 Mid: 1.0260 | 30 Open: 1.0277 Close: 1.0323 Mid: 1.0307 | 31 Open: 1.0323 Close: 1.0300 Mid: 1.0295 |
June - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0301 Close: 1.0256 Mid: 1.0277 | 2 Open: 1.0257 Close: 1.0295 Mid: 1.0264 | 3 Open: 1.0293 Close: 1.0321 Mid: 1.0303 | 4 Open: 1.0321 Close: 1.0310 Mid: 1.0315 | |||
5 Open: 1.0310 Close: 1.0322 Mid: 1.0317 | 6 Open: 1.0321 Close: 1.0384 Mid: 1.0348 | 7 Open: 1.0383 Close: 1.0413 Mid: 1.0403 | 8 Open: 1.0414 Close: 1.0489 Mid: 1.0449 | 9 Open: 1.0491 Close: 1.0410 Mid: 1.0443 | 10 Open: 1.0411 Close: 1.0387 Mid: 1.0394 | 11 Open: 1.0387 Close: 1.0384 Mid: 1.0386 |
12 Open: 1.0384 Close: 1.0378 Mid: 1.0379 | 13 Open: 1.0379 Close: 1.0379 Mid: 1.0385 | 14 Open: 1.0380 Close: 1.0432 Mid: 1.0396 | 15 Open: 1.0431 Close: 1.0400 Mid: 1.0427 | 16 Open: 1.0400 Close: 1.0196 Mid: 1.0272 | 17 Open: 1.0197 Close: 1.0124 Mid: 1.0138 | 18 Open: 1.0124 Close: 1.0178 Mid: 1.0151 |
19 Open: 1.0162 Close: 1.0171 Mid: 1.0163 | 20 Open: 1.0175 Close: 1.0175 Mid: 1.0163 | 21 Open: 1.0174 Close: 1.0174 Mid: 1.0189 | 22 Open: 1.0174 Close: 1.0159 Mid: 1.0159 | 23 Open: 1.0159 Close: 1.0114 Mid: 1.0117 | 24 Open: 1.0113 Close: 1.0113 Mid: 1.0094 | 25 Open: 1.0113 Close: 1.0113 Mid: 1.0113 |
26 Open: 1.0113 Close: 1.0114 Mid: 1.0086 | 27 Open: 1.0113 Close: 1.0118 Mid: 1.0129 | 28 Open: 1.0116 Close: 1.0067 Mid: 1.0093 | 29 Open: 1.0067 Close: 0.9967 Mid: 1.0019 | 30 Open: 0.9966 Close: 1.0005 Mid: 0.9978 |
July - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.0006 Close: 1.0002 Mid: 1.0009 | 2 Open: 1.0002 Close: 1.0002 Mid: 1.0002 | |||||
3 Open: 1.0002 Close: 1.0002 Mid: 0.9998 | 4 Open: 1.0000 Close: 1.0025 Mid: 1.0013 | 5 Open: 1.0025 Close: 0.9932 Mid: 0.9977 | 6 Open: 0.9932 Close: 0.9880 Mid: 0.9910 | 7 Open: 0.9880 Close: 0.9901 Mid: 0.9901 | 8 Open: 0.9902 Close: 0.9943 Mid: 0.9909 | 9 Open: 0.9943 Close: 0.9946 Mid: 0.9945 |
10 Open: 0.9946 Close: 0.9939 Mid: 0.9934 | 11 Open: 0.9941 Close: 0.9873 Mid: 0.9898 | 12 Open: 0.9875 Close: 0.9849 Mid: 0.9865 | 13 Open: 0.9849 Close: 0.9840 Mid: 0.9843 | 14 Open: 0.9841 Close: 0.9854 Mid: 0.9854 | 15 Open: 0.9854 Close: 0.9847 Mid: 0.9850 | 16 Open: 0.9847 Close: 0.9849 Mid: 0.9848 |
17 Open: 0.9849 Close: 0.9849 Mid: 0.9847 | 18 Open: 0.9849 Close: 0.9918 Mid: 0.9885 | 19 Open: 0.9918 Close: 0.9912 Mid: 0.9919 | 20 Open: 0.9913 Close: 0.9892 Mid: 0.9909 | 21 Open: 0.9890 Close: 0.9874 Mid: 0.9906 | 22 Open: 0.9876 Close: 0.9817 Mid: 0.9843 | 23 Open: 0.9817 Close: 0.9816 Mid: 0.9819 |
24 Open: 0.9816 Close: 0.9824 Mid: 0.9816 | 25 Open: 0.9825 Close: 0.9857 Mid: 0.9848 | 26 Open: 0.9857 Close: 0.9746 Mid: 0.9800 | 27 Open: 0.9747 Close: 0.9780 Mid: 0.9768 | 28 Open: 0.9780 Close: 0.9730 Mid: 0.9756 | 29 Open: 0.9728 Close: 0.9729 Mid: 0.9723 | 30 Open: 0.9729 Close: 0.9729 Mid: 0.9729 |
31 Open: 0.9729 Close: 0.9727 Mid: 0.9716 |
August - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9727 Close: 0.9750 Mid: 0.9732 | 2 Open: 0.9750 Close: 0.9733 Mid: 0.9740 | 3 Open: 0.9732 Close: 0.9762 Mid: 0.9751 | 4 Open: 0.9762 Close: 0.9776 Mid: 0.9778 | 5 Open: 0.9773 Close: 0.9775 Mid: 0.9778 | 6 Open: 0.9775 Close: 0.9793 Mid: 0.9785 | |
7 Open: 0.9793 Close: 0.9783 Mid: 0.9782 | 8 Open: 0.9787 Close: 0.9739 Mid: 0.9755 | 9 Open: 0.9738 Close: 0.9739 Mid: 0.9745 | 10 Open: 0.9740 Close: 0.9703 Mid: 0.9724 | 11 Open: 0.9705 Close: 0.9716 Mid: 0.9715 | 12 Open: 0.9716 Close: 0.9663 Mid: 0.9687 | 13 Open: 0.9663 Close: 0.9663 Mid: 0.9663 |
14 Open: 0.9663 Close: 0.9657 Mid: 0.9655 | 15 Open: 0.9657 Close: 0.9611 Mid: 0.9631 | 16 Open: 0.9611 Close: 0.9658 Mid: 0.9640 | 17 Open: 0.9658 Close: 0.9679 Mid: 0.9674 | 18 Open: 0.9683 Close: 0.9657 Mid: 0.9671 | 19 Open: 0.9652 Close: 0.9624 Mid: 0.9628 | 20 Open: 0.9624 Close: 0.9625 Mid: 0.9625 |
21 Open: 0.9625 Close: 0.9621 Mid: 0.9620 | 22 Open: 0.9620 Close: 0.9585 Mid: 0.9599 | 23 Open: 0.9585 Close: 0.9610 Mid: 0.9596 | 24 Open: 0.9610 Close: 0.9631 Mid: 0.9603 | 25 Open: 0.9635 Close: 0.9608 Mid: 0.9625 | 26 Open: 0.9608 Close: 0.9626 Mid: 0.9635 | 27 Open: 0.9626 Close: 0.9627 Mid: 0.9626 |
28 Open: 0.9627 Close: 0.9625 Mid: 0.9621 | 29 Open: 0.9625 Close: 0.9684 Mid: 0.9655 | 30 Open: 0.9683 Close: 0.9763 Mid: 0.9717 | 31 Open: 0.9764 Close: 0.9830 Mid: 0.9786 |
September - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9829 Close: 0.9766 Mid: 0.9794 | 2 Open: 0.9764 Close: 0.9761 Mid: 0.9810 | 3 Open: 0.9761 Close: 0.9761 Mid: 0.9761 | ||||
4 Open: 0.9765 Close: 0.9741 Mid: 0.9750 | 5 Open: 0.9743 Close: 0.9737 Mid: 0.9732 | 6 Open: 0.9737 Close: 0.9742 Mid: 0.9752 | 7 Open: 0.9744 Close: 0.9766 Mid: 0.9754 | 8 Open: 0.9764 Close: 0.9695 Mid: 0.9714 | 9 Open: 0.9696 Close: 0.9660 Mid: 0.9678 | 10 Open: 0.9660 Close: 0.9661 Mid: 0.9653 |
11 Open: 0.9661 Close: 0.9663 Mid: 0.9669 | 12 Open: 0.9664 Close: 0.9652 Mid: 0.9690 | 13 Open: 0.9651 Close: 0.9585 Mid: 0.9626 | 14 Open: 0.9585 Close: 0.9604 Mid: 0.9604 | 15 Open: 0.9603 Close: 0.9606 Mid: 0.9575 | 16 Open: 0.9606 Close: 0.9582 Mid: 0.9615 | 17 Open: 0.9582 Close: 0.9616 Mid: 0.9678 |
18 Open: 0.9616 Close: 0.9653 Mid: 0.9638 | 19 Open: 0.9653 Close: 0.9669 Mid: 0.9653 | 20 Open: 0.9668 Close: 0.9610 Mid: 0.9638 | 21 Open: 0.9610 Close: 0.9515 Mid: 0.9557 | 22 Open: 0.9514 Close: 0.9600 Mid: 0.9589 | 23 Open: 0.9600 Close: 0.9508 Mid: 0.9560 | 24 Open: 0.9508 Close: 0.9513 Mid: 0.9511 |
25 Open: 0.9513 Close: 0.9516 Mid: 0.9509 | 26 Open: 0.9515 Close: 0.9547 Mid: 0.9494 | 27 Open: 0.9545 Close: 0.9515 Mid: 0.9521 | 28 Open: 0.9516 Close: 0.9490 Mid: 0.9479 | 29 Open: 0.9490 Close: 0.9584 Mid: 0.9527 | 30 Open: 0.9582 Close: 0.9668 Mid: 0.9614 |
October - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9668 Close: 0.9668 Mid: 0.9668 | ||||||
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.