1. Exchange Rates
  2. Euro (EUR)
  3. British pound sterling (GBP)

Convert EUR to GBP at Best Exchange Rates

1 Euro equals
British pound sterling 1EUR=GBP

There are three simple steps you need to take in order to get a good EUR-GBP exchange rate:

  1. Know the latest EUR to GBP market mid-rate shown above - this is your starting point!
  2. Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Euro and British pound sterling currencies, if available.

1. Market EUR/GBP mid-rate

Right now the EUR/GBP market rate is and represents how many British pound sterling you can get for one Euro.

Calculate equivalent currency amounts with this EUR to GBP currency converter then select the transaction type to compare the best exchange rates available.

Currency Converter EUR to GBP

1 EUR equals

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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1 Week EUR/GBP Chart
EUR-GBP 1 Week chart

Euro to British pound sterling (EUR-GBP) - 10 Year History

DateExchange RatePeriodChange
18 Jun 20180.8762Latest
11 Jun 20180.88041 Week-0.48%
19 May 20180.87541 Month+0.09%
20 Dec 20170.88846 Months-1.37%
18 Jun 20170.87711 Year-0.1%
18 Jun 20160.78532 Years+11.58%
19 Jun 20130.85825 Years+2.1%
20 Jun 20080.790610 Years+10.83%

The EUR/GBP mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the EUR / GBP was traded (bought or sold) in the international markets.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for EUR/GBP Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

EUR to GBP Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from EUR to GBP.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending EUR 5,000 to GBP

OFX logo OFX
£4346.50 GBP (1.02%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: £4346.50 GBP
Exchange Rate: 0.8693
(Inverse 1GBP=EUR 1.1504)
Fees: EUR 0
Total Cost : 1.02% (from mid-rate: 0.8783)
This is the amount of money that could be received by your transfer at rate EUR/GBP=0.8693 and inclusive of the fee of EUR 0.
Rate timestamp : Tue Jun 19 2018 13:15:34 GMT+0000 (UTC)
CurrencyFair logo CurrencyFair
£4358.45 GBP (0.75%)
Save on your international transfers. Our peer-to-peer marketplace allows our users to get the best rates, pricing is open and transparent. BestExchangeRates users get your first transfer fee free.
Price Details
Receive: £4358.45 GBP
Exchange Rate: 0.8730
(Inverse 1GBP=EUR 1.1455)
Fees: EUR 7.5 (0.15%)
Total Cost : 0.75% (from mid-rate: 0.8783)
This is the amount of money that could be received by your transfer at rate EUR/GBP=0.873 and inclusive of the fee of EUR 7.5 (0.15%).
Bank Rates - Average
£4179.94 GBP (4.82%)
This is the average EUR to GBP International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: £4179.94 GBP
Exchange Rate: 0.8380
(Inverse 1GBP=EUR 1.1933)
Fees: EUR 12
Total Cost : 4.82% (from mid-rate: 0.8783)
Receive GBP £167 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate EUR/GBP=0.838 and inclusive of the fee of EUR 12.

Travel Money EUR to GBP - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying GBP Cash with EUR 2,000

Bank Rates - Average
£1582.22 GBP (9.93%)
This is the average EUR to GBP Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: £1582.22 GBP
Exchange Rate: 0.7991
(Inverse 1GBP=EUR 1.2514)
Fees: EUR 20 (1%)
Total Cost : 9.93% (from mid-rate: 0.8783)
Amount of money that could be received by your currency exchange at rate EUR/GBP=0.7991 and inclusive of the fee of EUR 20 (1%).

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same EUR/GBP market rate I see on Google or in the Media?

When you look up the current Euro to British pound sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

EUR to GBP mid-rate on google

EUR to GBP mid-rate on google search

Getting a great EUR to GBP mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our EUR to GBP currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.

3. Currency News, Research and Forecasts for Euro and British pound sterling

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the EUR vs GBP, you should pay attention to both Euro and British pound sterling news and forecasts.

Euro (EUR) - Market news and forecasts

On June 14th, the euro had one of its worst days in recent memory after the ECB signalled it would leave interest rates unchanged at 0.0 percent until the latter stages of 2019. A day later (the day of this report), the euro was trading in the mid-$1.15s versus the dollar and looked set to lose more of its value (earlier in the year it had traded in the mid-$1.25s), and had fallen towards the bottom end of its long-term trading range against the pound, at £0.873.

The ECB did at least announce it would phase out quantitative easing in Europe, which kept the euro’s losses within reasonable limits. QE will be terminated at the end of the year.

Goldman Sachs described the June ECB meeting as a “material negative for the euro.”

Prior to the ECB decision, Danske Bank had estimated a median price for EUR/USD in H2 2018 of 1.18; the bank saw a return to the 1.20s as unlikely in the near term (that's almost certain after the ECB meeting). Danske had predicted a “foot-dragging” ECB that would be “reactive rather than active.”

British pound sterling (GBP) - Market news and forecasts

The pound will buy 1.41 dollars in the second half of 2019, according to the median estimate of 50 FX analysts polled by Reuters in June – a rate 5 percent higher than those at the time of writing (June 8th) near 1.34 dollars.

If the forecast proves accurate, this would mean that by the time Britain leaves the European Union next March, it will have recouped most of its post-Brexit losses. Britain’s currency averaged 1.45 dollars in the six-months leading up to the EU referendum in June 2016.

Results from the Reuters poll suggest that most analysts expect Britain to achieve a good divorce deal with the EU.

However, expectations are lower than they once were. In April, when a rate hike by the Bank of England seemed imminent, the twelve-month median forecast of analysts stood at 1.44. Expectations for a rate hike were shattered (now expected in August) after BoE Governor Mark Carney gave dovish remarks to the BBC and after a string of disappointing economic data, including quarterly UK economic growth at just 0.1 percent – a five-year low.

Against the euro, sterling was little changed between September ‘17 and June ’18 (it was marginally higher), at levels close to 1.14 euros.

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