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

Convert GBP to EUR at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible GBP / EUR rate :

  1. Find the Market GBP to EUR mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market GBP/EUR mid-rate

The closer your final exchange rate is to the market GBP/EUR midrate the better deal you are getting.
1 British pound sterling equals
Euro 1GBP=EUR

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

The GBP/EUR 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. The closer your final exchange rate is to the market GBP/EUR midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

GBP to EUR Exchange Rate Calculator

£
1 GBP equals
EUR 1GBP=EUR

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
Loading GBP/EUR Chart

British pound sterling to Euro (GBP-EUR) Recent History

WhenExchange RateDate
1 Week ago1.147318 Apr 2018
1 Month ago1.142926 Mar 2018
6 Months ago1.130927 Oct 2017
1 Year ago1.174325 Apr 2017
2 Years ago1.285125 Apr 2016
5 Years ago1.186726 Apr 2013
10 Years ago1.271527 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible GBP / EUR rate :

  1. Market GBP to EUR mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for British pound sterling and Euro.

1. Market GBP/EUR mid-rate

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

The GBP/EUR 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 GBP / EUR was traded (bought or sold) in the international markets.

1 British pound sterling equals
Euro 1=

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

GBP to EUR 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 GBP to EUR.

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

Compare Foreign Transfers

Sending GBP 5,000 to EUR

 OFX
1GBP=1.1286EUR
€5643.00 EUR (1.38%)
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: €5643.00 EUR
Exchange Rate: 1.1286
(Inverse 1EUR=GBP 0.8861)
Fees: GBP 0
Total Cost : 1.38% (from mid-rate: 1.1444)
This is the amount of money that could be received by your transfer at rate GBP/EUR=1.1286 and inclusive of the fee of GBP 0.
Rate timestamp : Wed Apr 25 2018 14:12:27 GMT+0000 (UTC)
Bank Rates - Average
1GBP=1.0868EUR
€5417.70 EUR (5.32%)
This is the average GBP to EUR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: €5417.70 EUR
Exchange Rate: 1.0868
(Inverse 1EUR=GBP 0.9201)
Fees: GBP 15
Total Cost : 5.32% (from mid-rate: 1.1444)
Receive EUR €225 less than with   OFX
This is the amount of money that could be received by your transfer at rate GBP/EUR=1.0868 and inclusive of the fee of GBP 15.

Travel Money GBP to EUR - 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 EUR Cash with GBP 2,000

 Travelex Online
1GBP=1.1137EUR
€2227.40 EUR (2.68%)
Great rates on all foreign currency at Travelex UK - Order Online here for convenient store & airport collection or Free Next Day Home Delivery *
Select our Buy Back Guarantee and we'll buy your left over foreign cash when you get back at the same rate & no fees. #
* Home delivery is free for all orders of £500 or more. For orders below £500 the following charges apply: Up to £299.99 = £3.95. Between £300 and £499.99 = £1.95
Orders paid for via Debit card incur no additional fees, Credit card fee 1.5%
Price Details
Receive: €2227.40 EUR
Exchange Rate: 1.1137
(Inverse 1EUR=GBP 0.8979)
Fees: GBP 0 *
Total Cost : 2.68% (from mid-rate: 1.1444)
Amount of money that could be received by your currency exchange at rate GBP/EUR=1.1137 and inclusive of the fee of GBP 0 *.
Rate timestamp : Wed Apr 25 2018 15:00:03 GMT+0000 (UTC)
Bank Rates - Average
1GBP=1.0859EUR
€2150.08 EUR (6.06%)
This is the average GBP to EUR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: €2150.08 EUR
Exchange Rate: 1.0859
(Inverse 1EUR=GBP 0.9209)
Fees: GBP 20 (1%)
Total Cost : 6.06% (from mid-rate: 1.1444)
Receive EUR €77 less than with   Travelex Online
Amount of money that could be received by your currency exchange at rate GBP/EUR=1.0859 and inclusive of the fee of GBP 20 (1%).
Rates snapshot: 04/25/2018

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 GBP/EUR market rate I see on Google or in the Media?

When you look up the current British pound sterling to Euro 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.

GBP to EUR mid-rate on google

GBP to EUR mid-rate on google search

Getting a great GBP to EUR 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 the below GBP to EUR calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific British pound sterling cross rates and reviews of leading foreign exchange providers versus the Banks.


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

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 GBP vs EUR, you should pay attention to both British pound sterling and Euro news and forecasts.

British pound sterling (GBP) - Market news and forecasts

Like most currencies, the pound was strong against the US dollar in early 2018. By late March, in line with the broader market for dollar pairs, GBP/USD had fallen back from January’s 19-month high of 1.434 to 1.4, but remained up 4% on the year and 17% higher than 2017’s low of 1.2.

Mirroring the standoff between UK and EU Brexit negotiators, the pound-euro exchange rate did little in the six-month period between October ’17 and March ’18. The pound continues to buy roughly 1.14 euros.

Like most other G10 currencies, the pound gained significantly in early 2018 against the Australian dollar and lost out against the yen.

According to a Reuters survey of FX analysts in March, the pound will end the year buying 1.41 US dollars (entering 2018, most analysts predicted rates between 1.3 and 1.35) and 1.12-1.14 euros.

Euro (EUR) - Market news and forecasts

The euro was stable in the first quarter of 2018, during which it gained a few percentage points against the dollar, lost as much against the yen and lost out marginally against the pound. The euro did best against growth-sensitive G10 currencies, most notably the Australian dollar, Canadian dollar and Swedish krona.

The most active euro pair, EUR/USD, met resistance at the important 1.25 level in January, February and March, and had fallen back into the mid-1.22s by early April.

Against sterling, a break below 0.87 in the coming weeks could be significant, being that this level held up price in four consecutive months between December and March. In early April, prices were again threatening the level.

Entering 2018, year-end forecasts for EUR/USD ranged between 1.15 and 1.3, and for EUR/GBP, between 0.86 and 0.95.

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