Best U.S. Dollar / New Zealand Dollar Exchange Rate Today: 1.7715
Compare international payments, cash buys, travel money.
Live rate: 1 USD = 1.7715 NZD
Inverted: 1 NZD = 0.5645 USD
| Provider | Exchange Rate | Fee | Recipient gets | Service | Notes | Action |
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Live Market Rate |
1.7715 |
 Set Alert
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1.7662 | 0 | 1.7662 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
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1.7591 | 0 | 1.7591 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
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1.7556 | 0 | 1.7556 | 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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1.7219 | Variable | 1.7219 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
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Worst Bank Rate
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1.7095 | Variable | 1.7095 | 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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1.7449 | 0 | 1.7449 | Holiday FX, Cash Delivery | Booking Online prior to pickup is the key to getting a good rate |
USD/NZD Live Chart and Data
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January - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.4602 Close: 1.4602 Mid: 1.4602 | ||||||
2 Open: 1.4602 Close: 1.4617 Mid: 1.4607 | 3 Open: 1.4618 Close: 1.4728 Mid: 1.4671 | 4 Open: 1.4728 Close: 1.4675 Mid: 1.4717 | 5 Open: 1.4676 Close: 1.4720 Mid: 1.4676 | 6 Open: 1.4721 Close: 1.4834 Mid: 1.4781 | 7 Open: 1.4836 Close: 1.4708 Mid: 1.4776 | 8 Open: 1.4708 Close: 1.4738 Mid: 1.4723 |
9 Open: 1.4738 Close: 1.4758 Mid: 1.4756 | 10 Open: 1.4758 Close: 1.4779 Mid: 1.4777 | 11 Open: 1.4779 Close: 1.4745 Mid: 1.4778 | 12 Open: 1.4741 Close: 1.4605 Mid: 1.4672 | 13 Open: 1.4606 Close: 1.4574 Mid: 1.4562 | 14 Open: 1.4573 Close: 1.4637 Mid: 1.4634 | 15 Open: 1.4637 Close: 1.4637 Mid: 1.4637 |
16 Open: 1.4637 Close: 1.4688 Mid: 1.4653 | 17 Open: 1.4689 Close: 1.4710 Mid: 1.4698 | 18 Open: 1.4712 Close: 1.4770 Mid: 1.4747 | 19 Open: 1.4767 Close: 1.4748 Mid: 1.4730 | 20 Open: 1.4747 Close: 1.4810 Mid: 1.4758 | 21 Open: 1.4813 Close: 1.4853 Mid: 1.4856 | 22 Open: 1.4853 Close: 1.4853 Mid: 1.4853 |
23 Open: 1.4853 Close: 1.4876 Mid: 1.4878 | 24 Open: 1.4875 Close: 1.4915 Mid: 1.4937 | 25 Open: 1.4914 Close: 1.4945 Mid: 1.4957 | 26 Open: 1.4946 Close: 1.5013 Mid: 1.4991 | 27 Open: 1.5012 Close: 1.5188 Mid: 1.5115 | 28 Open: 1.5188 Close: 1.5186 Mid: 1.5244 | 29 Open: 1.5186 Close: 1.5186 Mid: 1.5186 |
30 Open: 1.5186 Close: 1.5264 Mid: 1.5240 | 31 Open: 1.5262 Close: 1.5202 Mid: 1.5220 |
February - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.5203 Close: 1.5067 Mid: 1.5133 | 2 Open: 1.5066 Close: 1.5122 Mid: 1.5068 | 3 Open: 1.5122 Close: 1.4999 Mid: 1.5044 | 4 Open: 1.5001 Close: 1.4899 Mid: 1.5035 | 5 Open: 1.4899 Close: 1.4899 Mid: 1.4899 | ||
6 Open: 1.4899 Close: 1.5106 Mid: 1.5022 | 7 Open: 1.5106 Close: 1.5065 Mid: 1.5097 | 8 Open: 1.5065 Close: 1.5035 Mid: 1.5056 | 9 Open: 1.5038 Close: 1.4971 Mid: 1.4992 | 10 Open: 1.4971 Close: 1.5000 Mid: 1.4939 | 11 Open: 1.5001 Close: 1.4825 Mid: 1.4956 | 12 Open: 1.4825 Close: 1.5033 Mid: 1.4929 |
13 Open: 1.5033 Close: 1.5042 Mid: 1.5039 | 14 Open: 1.5045 Close: 1.5111 Mid: 1.5103 | 15 Open: 1.5111 Close: 1.5058 Mid: 1.5090 | 16 Open: 1.5061 Close: 1.4967 Mid: 1.5006 | 17 Open: 1.4969 Close: 1.4947 Mid: 1.4950 | 18 Open: 1.4947 Close: 1.4840 Mid: 1.4896 | 19 Open: 1.4840 Close: 1.4840 Mid: 1.4840 |
20 Open: 1.4840 Close: 1.4947 Mid: 1.4896 | 21 Open: 1.4948 Close: 1.4937 Mid: 1.4908 | 22 Open: 1.4934 Close: 1.4834 Mid: 1.4872 | 23 Open: 1.4833 Close: 1.4767 Mid: 1.4766 | 24 Open: 1.4768 Close: 1.4951 Mid: 1.4920 | 25 Open: 1.4951 Close: 1.4780 Mid: 1.4866 | 26 Open: 1.4780 Close: 1.4839 Mid: 1.4809 |
27 Open: 1.4839 Close: 1.4941 Mid: 1.4927 | 28 Open: 1.4946 Close: 1.4776 Mid: 1.4863 |
March - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.4777 Close: 1.4780 Mid: 1.4778 | 2 Open: 1.4777 Close: 1.4743 Mid: 1.4765 | 3 Open: 1.4742 Close: 1.4685 Mid: 1.4735 | 4 Open: 1.4685 Close: 1.4534 Mid: 1.4654 | 5 Open: 1.4534 Close: 1.4567 Mid: 1.4550 | ||
6 Open: 1.4567 Close: 1.4548 Mid: 1.4573 | 7 Open: 1.4547 Close: 1.4625 Mid: 1.4549 | 8 Open: 1.4625 Close: 1.4697 Mid: 1.4651 | 9 Open: 1.4697 Close: 1.4625 Mid: 1.4650 | 10 Open: 1.4624 Close: 1.4544 Mid: 1.4602 | 11 Open: 1.4546 Close: 1.4575 Mid: 1.4626 | 12 Open: 1.4575 Close: 1.4575 Mid: 1.4575 |
13 Open: 1.4575 Close: 1.4677 Mid: 1.4637 | 14 Open: 1.4679 Close: 1.4817 Mid: 1.4750 | 15 Open: 1.4817 Close: 1.4791 Mid: 1.4790 | 16 Open: 1.4791 Close: 1.4640 Mid: 1.4720 | 17 Open: 1.4640 Close: 1.4508 Mid: 1.4570 | 18 Open: 1.4509 Close: 1.4462 Mid: 1.4510 | 19 Open: 1.4462 Close: 1.4462 Mid: 1.4462 |
20 Open: 1.4462 Close: 1.4496 Mid: 1.4486 | 21 Open: 1.4495 Close: 1.4536 Mid: 1.4494 | 22 Open: 1.4537 Close: 1.4363 Mid: 1.4451 | 23 Open: 1.4359 Close: 1.4335 Mid: 1.4362 | 24 Open: 1.4334 Close: 1.4356 Mid: 1.4368 | 25 Open: 1.4358 Close: 1.4239 Mid: 1.4318 | 26 Open: 1.4239 Close: 1.4335 Mid: 1.4287 |
27 Open: 1.4335 Close: 1.4373 Mid: 1.4348 | 28 Open: 1.4374 Close: 1.4481 Mid: 1.4438 | 29 Open: 1.4480 Close: 1.4403 Mid: 1.4466 | 30 Open: 1.4405 Close: 1.4346 Mid: 1.4350 | 31 Open: 1.4344 Close: 1.4426 Mid: 1.4384 |
April - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.4424 Close: 1.4384 Mid: 1.4442 | 2 Open: 1.4384 Close: 1.4424 Mid: 1.4404 | |||||
3 Open: 1.4424 Close: 1.4477 Mid: 1.4426 | 4 Open: 1.4476 Close: 1.4394 Mid: 1.4403 | 5 Open: 1.4396 Close: 1.4393 Mid: 1.4317 | 6 Open: 1.4390 Close: 1.4469 Mid: 1.4424 | 7 Open: 1.4468 Close: 1.4524 Mid: 1.4485 | 8 Open: 1.4525 Close: 1.4454 Mid: 1.4555 | 9 Open: 1.4454 Close: 1.4454 Mid: 1.4454 |
10 Open: 1.4454 Close: 1.4632 Mid: 1.4543 | 11 Open: 1.4634 Close: 1.4669 Mid: 1.4633 | 12 Open: 1.4666 Close: 1.4585 Mid: 1.4601 | 13 Open: 1.4586 Close: 1.4705 Mid: 1.4648 | 14 Open: 1.4702 Close: 1.4742 Mid: 1.4703 | 15 Open: 1.4740 Close: 1.4777 Mid: 1.4751 | 16 Open: 1.4777 Close: 1.4777 Mid: 1.4777 |
17 Open: 1.4777 Close: 1.4793 Mid: 1.4733 | 18 Open: 1.4790 Close: 1.4845 Mid: 1.4836 | 19 Open: 1.4848 Close: 1.4821 Mid: 1.4831 | 20 Open: 1.4822 Close: 1.4741 Mid: 1.4760 | 21 Open: 1.4743 Close: 1.4874 Mid: 1.4785 | 22 Open: 1.4876 Close: 1.4856 Mid: 1.4973 | 23 Open: 1.4856 Close: 1.5038 Mid: 1.4947 |
24 Open: 1.5038 Close: 1.5094 Mid: 1.5007 | 25 Open: 1.5097 Close: 1.5108 Mid: 1.5130 | 26 Open: 1.5111 Close: 1.5210 Mid: 1.5143 | 27 Open: 1.5209 Close: 1.5286 Mid: 1.5244 | 28 Open: 1.5289 Close: 1.5401 Mid: 1.5392 | 29 Open: 1.5397 Close: 1.5377 Mid: 1.5390 | 30 Open: 1.5377 Close: 1.5377 Mid: 1.5377 |
May - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.5377 Close: 1.5488 Mid: 1.5433 | 2 Open: 1.5487 Close: 1.5524 Mid: 1.5518 | 3 Open: 1.5516 Close: 1.5539 Mid: 1.5520 | 4 Open: 1.5545 Close: 1.5268 Mid: 1.5409 | 5 Open: 1.5269 Close: 1.5553 Mid: 1.5431 | 6 Open: 1.5550 Close: 1.5567 Mid: 1.5559 | 7 Open: 1.5567 Close: 1.5567 Mid: 1.5567 |
8 Open: 1.5567 Close: 1.5654 Mid: 1.5595 | 9 Open: 1.5652 Close: 1.5817 Mid: 1.5743 | 10 Open: 1.5821 Close: 1.5898 Mid: 1.5841 | 11 Open: 1.5905 Close: 1.5912 Mid: 1.5795 | 12 Open: 1.5911 Close: 1.6007 Mid: 1.5981 | 13 Open: 1.6013 Close: 1.5589 Mid: 1.5825 | 14 Open: 1.5589 Close: 1.5589 Mid: 1.5589 |
15 Open: 1.5589 Close: 1.5897 Mid: 1.5758 | 16 Open: 1.5891 Close: 1.5844 Mid: 1.5937 | 17 Open: 1.5843 Close: 1.5725 Mid: 1.5770 | 18 Open: 1.5723 Close: 1.5885 Mid: 1.5794 | 19 Open: 1.5889 Close: 1.5670 Mid: 1.5736 | 20 Open: 1.5668 Close: 1.5355 Mid: 1.5533 | 21 Open: 1.5355 Close: 1.5355 Mid: 1.5355 |
22 Open: 1.5355 Close: 1.5573 Mid: 1.5501 | 23 Open: 1.5574 Close: 1.5510 Mid: 1.5490 | 24 Open: 1.5517 Close: 1.5508 Mid: 1.5511 | 25 Open: 1.5511 Close: 1.5433 Mid: 1.5456 | 26 Open: 1.5430 Close: 1.5428 Mid: 1.5445 | 27 Open: 1.5429 Close: 1.5215 Mid: 1.5331 | 28 Open: 1.5215 Close: 1.5215 Mid: 1.5215 |
29 Open: 1.5215 Close: 1.5307 Mid: 1.5271 | 30 Open: 1.5307 Close: 1.5248 Mid: 1.5271 | 31 Open: 1.5250 Close: 1.5341 Mid: 1.5328 |
June - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.5337 Close: 1.5435 Mid: 1.5377 | 2 Open: 1.5433 Close: 1.5244 Mid: 1.5353 | 3 Open: 1.5245 Close: 1.5139 Mid: 1.5260 | 4 Open: 1.5139 Close: 1.5352 Mid: 1.5245 | |||
5 Open: 1.5352 Close: 1.5365 Mid: 1.5300 | 6 Open: 1.5370 Close: 1.5420 Mid: 1.5364 | 7 Open: 1.5422 Close: 1.5431 Mid: 1.5476 | 8 Open: 1.5427 Close: 1.5518 Mid: 1.5477 | 9 Open: 1.5517 Close: 1.5661 Mid: 1.5573 | 10 Open: 1.5657 Close: 1.5294 Mid: 1.5522 | 11 Open: 1.5294 Close: 1.5686 Mid: 1.5490 |
12 Open: 1.5686 Close: 1.5780 Mid: 1.5733 | 13 Open: 1.5779 Close: 1.5938 Mid: 1.5879 | 14 Open: 1.5940 Close: 1.6058 Mid: 1.6013 | 15 Open: 1.6063 Close: 1.5892 Mid: 1.5949 | 16 Open: 1.5896 Close: 1.5721 Mid: 1.5837 | 17 Open: 1.5723 Close: 1.5831 Mid: 1.5834 | 18 Open: 1.5831 Close: 1.5850 Mid: 1.5841 |
19 Open: 1.5850 Close: 1.5810 Mid: 1.5802 | 20 Open: 1.5809 Close: 1.5780 Mid: 1.5784 | 21 Open: 1.5785 Close: 1.5836 Mid: 1.5775 | 22 Open: 1.5834 Close: 1.5945 Mid: 1.5920 | 23 Open: 1.5946 Close: 1.5909 Mid: 1.5924 | 24 Open: 1.5907 Close: 1.5664 Mid: 1.5797 | 25 Open: 1.5664 Close: 1.5664 Mid: 1.5664 |
26 Open: 1.5664 Close: 1.5839 Mid: 1.5754 | 27 Open: 1.5835 Close: 1.5890 Mid: 1.5852 | 28 Open: 1.5890 Close: 1.6034 Mid: 1.5937 | 29 Open: 1.6036 Close: 1.6064 Mid: 1.6044 | 30 Open: 1.6066 Close: 1.6026 Mid: 1.6057 |
July - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6026 Close: 1.5879 Mid: 1.6071 | 2 Open: 1.5879 Close: 1.5879 Mid: 1.5879 | |||||
3 Open: 1.5879 Close: 1.6109 Mid: 1.6010 | 4 Open: 1.6109 Close: 1.6089 Mid: 1.6063 | 5 Open: 1.6092 Close: 1.6218 Mid: 1.6192 | 6 Open: 1.6213 Close: 1.6259 Mid: 1.6228 | 7 Open: 1.6262 Close: 1.6183 Mid: 1.6212 | 8 Open: 1.6181 Close: 1.5822 Mid: 1.6064 | 9 Open: 1.5822 Close: 1.6137 Mid: 1.5979 |
10 Open: 1.6137 Close: 1.6167 Mid: 1.6142 | 11 Open: 1.6167 Close: 1.6336 Mid: 1.6281 | 12 Open: 1.6338 Close: 1.6333 Mid: 1.6320 | 13 Open: 1.6333 Close: 1.6372 Mid: 1.6321 | 14 Open: 1.6367 Close: 1.6312 Mid: 1.6390 | 15 Open: 1.6306 Close: 1.6180 Mid: 1.6252 | 16 Open: 1.6180 Close: 1.6223 Mid: 1.6202 |
17 Open: 1.6223 Close: 1.6157 Mid: 1.6203 | 18 Open: 1.6156 Close: 1.6252 Mid: 1.6199 | 19 Open: 1.6249 Close: 1.6043 Mid: 1.6146 | 20 Open: 1.6044 Close: 1.6064 Mid: 1.6012 | 21 Open: 1.6073 Close: 1.6015 Mid: 1.6074 | 22 Open: 1.6013 Close: 1.5846 Mid: 1.5971 | 23 Open: 1.5846 Close: 1.5982 Mid: 1.5914 |
24 Open: 1.5982 Close: 1.6043 Mid: 1.5949 | 25 Open: 1.6046 Close: 1.5979 Mid: 1.5990 | 26 Open: 1.5980 Close: 1.6022 Mid: 1.5991 | 27 Open: 1.6024 Close: 1.5977 Mid: 1.6038 | 28 Open: 1.5974 Close: 1.5884 Mid: 1.5933 | 29 Open: 1.5884 Close: 1.5550 Mid: 1.5815 | 30 Open: 1.5550 Close: 1.5550 Mid: 1.5550 |
31 Open: 1.5550 Close: 1.5927 Mid: 1.5745 |
August - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.5923 Close: 1.5793 Mid: 1.5833 | 2 Open: 1.5788 Close: 1.6073 Mid: 1.5919 | 3 Open: 1.6073 Close: 1.5955 Mid: 1.6003 | 4 Open: 1.5956 Close: 1.5880 Mid: 1.5895 | 5 Open: 1.5881 Close: 1.5950 Mid: 1.5969 | 6 Open: 1.5950 Close: 1.6049 Mid: 1.5999 | |
7 Open: 1.6049 Close: 1.6027 Mid: 1.6005 | 8 Open: 1.6025 Close: 1.5900 Mid: 1.5956 | 9 Open: 1.5900 Close: 1.5909 Mid: 1.5903 | 10 Open: 1.5908 Close: 1.5610 Mid: 1.5734 | 11 Open: 1.5610 Close: 1.5543 Mid: 1.5567 | 12 Open: 1.5539 Close: 1.5491 Mid: 1.5513 | 13 Open: 1.5491 Close: 1.5491 Mid: 1.5491 |
14 Open: 1.5491 Close: 1.5506 Mid: 1.5477 | 15 Open: 1.5506 Close: 1.5718 Mid: 1.5613 | 16 Open: 1.5719 Close: 1.5765 Mid: 1.5760 | 17 Open: 1.5767 Close: 1.5934 Mid: 1.5821 | 18 Open: 1.5931 Close: 1.6014 Mid: 1.5926 | 19 Open: 1.6014 Close: 1.6194 Mid: 1.6109 | 20 Open: 1.6194 Close: 1.6194 Mid: 1.6194 |
21 Open: 1.6194 Close: 1.6192 Mid: 1.6112 | 22 Open: 1.6195 Close: 1.6193 Mid: 1.6166 | 23 Open: 1.6186 Close: 1.6112 Mid: 1.6100 | 24 Open: 1.6111 Close: 1.6178 Mid: 1.6125 | 25 Open: 1.6179 Close: 1.6087 Mid: 1.6091 | 26 Open: 1.6086 Close: 1.6084 Mid: 1.6174 | 27 Open: 1.6084 Close: 1.6292 Mid: 1.6188 |
28 Open: 1.6292 Close: 1.6359 Mid: 1.6302 | 29 Open: 1.6370 Close: 1.6240 Mid: 1.6299 | 30 Open: 1.6235 Close: 1.6307 Mid: 1.6235 | 31 Open: 1.6312 Close: 1.6362 Mid: 1.6309 |
September - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.6363 Close: 1.6434 Mid: 1.6424 | 2 Open: 1.6434 Close: 1.6148 Mid: 1.6336 | 3 Open: 1.6148 Close: 1.6148 Mid: 1.6148 | ||||
4 Open: 1.6148 Close: 1.6434 Mid: 1.6297 | 5 Open: 1.6434 Close: 1.6380 Mid: 1.6409 | 6 Open: 1.6380 Close: 1.6575 Mid: 1.6448 | 7 Open: 1.6575 Close: 1.6495 Mid: 1.6551 | 8 Open: 1.6492 Close: 1.6474 Mid: 1.6515 | 9 Open: 1.6473 Close: 1.6345 Mid: 1.6367 | 10 Open: 1.6345 Close: 1.6345 Mid: 1.6345 |
11 Open: 1.6345 Close: 1.6358 Mid: 1.6392 | 12 Open: 1.6359 Close: 1.6269 Mid: 1.6318 | 13 Open: 1.6271 Close: 1.6652 Mid: 1.6463 | 14 Open: 1.6657 Close: 1.6620 Mid: 1.6662 | 15 Open: 1.6616 Close: 1.6786 Mid: 1.6699 | 16 Open: 1.6788 Close: 1.6579 Mid: 1.6705 | 17 Open: 1.6579 Close: 1.6453 Mid: 1.6516 |
18 Open: 1.6453 Close: 1.6679 Mid: 1.6586 | 19 Open: 1.6677 Close: 1.6760 Mid: 1.6763 | 20 Open: 1.6763 Close: 1.6943 Mid: 1.6860 | 21 Open: 1.6941 Close: 1.7155 Mid: 1.7036 | 22 Open: 1.7152 Close: 1.7100 Mid: 1.7106 | 23 Open: 1.7101 Close: 1.7227 Mid: 1.7260 | 24 Open: 1.7227 Close: 1.7400 Mid: 1.7314 |
25 Open: 1.7400 Close: 1.7420 Mid: 1.7396 | 26 Open: 1.7416 Close: 1.7652 Mid: 1.7575 | 27 Open: 1.7650 Close: 1.7752 Mid: 1.7633 | 28 Open: 1.7761 Close: 1.7487 Mid: 1.7694 | 29 Open: 1.7491 Close: 1.7413 Mid: 1.7545 | 30 Open: 1.7416 Close: 1.7647 Mid: 1.7647 |
October - 2022
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 1.7647 Close: 1.7647 Mid: 1.7647 | ||||||
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.