CompareExchangeRates.uk

Independent, transparent and easy to understand.

What CompareExchangeRates.uk Does

CompareExchangeRates.uk helps you understand how currency exchange really works, in plain English. We’re not a broker and we don’t handle your money. Our role is to explain rates, fees and spreads so you can compare providers properly before sending money abroad.

We use information from regulated sources and we don’t sell ranked listings. If we receive a small commission from a link, it never changes the information you see. Our aim is simple: clear, unbiased guidance to help you make better decisions.

Why Exchange Rates Matter

On large transfers, small rate changes can mean big money. If the true market rate is £1 = €1.15:

  • One provider might offer £1 = €1.14
  • Another might offer £1 = €1.10

On a £100,000 transfer, that’s the difference between €114,000 and €110,000 — a €4,000 gap purely based on the provider you choose.

Live Exchange Rates

Use these links to see today’s mid-market rates:

These show the mid-market rate. Your provider will quote a different rate that includes their spread and possibly a fee.

Why You Need a Proper Quote

The rates shown online are mid-market rates — useful, but not the rate you get when transferring money. Your actual rate depends on:

1. Commission Fees

Some providers charge a visible fee; others recover costs through the rate.

2. The Spread

The margin added to the mid-market rate. It varies widely between providers.

Example for £100,000:

  • Mid-market: £1 = €1.1500
  • Provider A: £1 = €1.1450
  • Provider B: £1 = €1.1200

A difference of €2,500–€3,000.

What Is the Spot Rate?

The spot rate is the real-time value used when banks trade currencies. It’s also called the mid-market or interbank rate.

Consumers never receive this rate directly because every provider adds a spread. Comparing providers helps reveal who is genuinely competitive.

How Currency Companies Make Money

1. Fee + Smaller Spread

Transparent fee, stronger rate. Often best for large transfers.

2. Low or No Fee + Bigger Spread

Looks cheaper upfront, but the weaker rate can cost more.

3. High Fee + Big Spread

Typical for some banks and travel-money outlets — usually the most expensive structure.

Regulation and Staying Safe

All UK transfer companies must be authorised or registered by the Financial Conduct Authority (FCA). Always check any provider on the FCA Register before transferring money.

Useful official sources:

Safety checklist:

  • Check FCA registration
  • Check safeguarding
  • Confirm fees & margins
  • Check timing & cut-off rules
  • Keep all confirmations

Example Providers

(Information only — not ranked or endorsed.)

Business & Online FX Companies

Retail & Travel Money Providers

Major UK Banks

Who We Are

We are an independent UK-based information site focused on currency exchange and international transfers. We do not process payments or provide investment advice. Our goal is to give you clear, neutral explanations so you can compare providers confidently and avoid unnecessary costs when sending money overseas.