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GBP/EUR - Convert Compare Save

British Pound Sterling to Euro exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the British Pound Sterling to Euro exchange rate, has news, forecasts and GBP to EUR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/EUR Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/EUR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

GBP to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee GBPTotal CostDeal Links
WorldFirst logo
5,434 EUR
Best Overall
1.086800.5%
TorFX logo
5,396 EUR
38 EUR
1.079201.2%
OFX logo
5,418 EUR
16 EUR
1.0836£0^0.8%
HSBC logo
5,288.06 EUR
146 EUR
1.0592£7.53.18%
Natwest Bank logo
5,258.68 EUR
175 EUR
1.0549153.71%
Citibank International Money Transfers
Citibank logo
5,234.41 EUR
200 EUR
1.0494124.16%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,234 EUR
200 EUR
1.0499154.17%
Santander International Money Transfers
Santander logo
5,204.6 EUR
229 EUR
1.0451204.7%
Lloyds TSB logo
5,183.18 EUR
251 EUR
1.0408205.1%
WorldFirst: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.0868 (0.5% from mid-rate)
EUR amount:5,434 EUR
Total Cost:0.5%
Time:16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
TorFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.0792 (1.2% from mid-rate)
EUR amount:5,396 EUR
Total Cost:1.2%
Difference:
38 EUR less than using WorldFirst
Time:16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.0836 (0.8% from mid-rate)
EUR amount:5,418 EUR
Total Cost:0.8%
Difference:
16 EUR less than using WorldFirst
Time:
Rate Fetched: 16:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.0592 (3.03% from mid-rate)
EUR amount:5,288.06 EUR
Total Cost:3.18%
Difference:
146 EUR less than using WorldFirst
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.0549 (3.42% from mid-rate)
EUR amount:5,258.68 EUR
Total Cost:3.71%
Difference:
175 EUR less than using WorldFirst
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.0494 (3.93% from mid-rate)
EUR amount:5,234.41 EUR
Total Cost:4.16%
Difference:
200 EUR less than using WorldFirst
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.0419 (4.61% from mid-rate)
EUR amount:5,234 EUR
Total Cost:4.17%
Difference:
200 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.0451 (4.32% from mid-rate)
EUR amount:5,204.6 EUR
Total Cost:4.7%
Difference:
229 EUR less than using WorldFirst
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.0408 (4.71% from mid-rate)
EUR amount:5,183.18 EUR
Total Cost:5.1%
Difference:
251 EUR less than using WorldFirst
Time:16:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount EUR(€)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,076.5 EUR
Best Overall
1.0765£0^1.45%
Post Office Money Foreign Currency
Post Office Money logo
1,046.7 EUR
30 EUR
1.046704.17%
Citibank Foreign Currency
Citibank logo
1,027.92 EUR
49 EUR
1.0383£105.89%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,019 EUR
57 EUR
1.0304£106.73%
Lloyds TSB logo
1,017.42 EUR
59 EUR
1.0277£106.86%
Santander Foreign Currency
Santander logo
1,017.42 EUR
59 EUR
1.0277£106.86%
Natwest Bank logo
1,012.28 EUR
64 EUR
1.0277£157.33%
Travelex Online UK: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.0765 (1.45% from mid-rate)
EUR amount:1,076.5 EUR
Total Cost:1.45%
Time:
Rate Fetched: Sun Aug 25 2019 14:15:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Post Office Money: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:1.0467 (4.17% from mid-rate)
EUR amount:1,046.7 EUR
Total Cost:4.17%
Time:16:20 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0383 (4.94% from mid-rate)
EUR amount:1,027.92 EUR
Total Cost:5.89%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0277 (5.91% from mid-rate)
EUR amount:1,019 EUR
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0277 (5.91% from mid-rate)
EUR amount:1,017.42 EUR
Total Cost:6.86%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0277 (5.91% from mid-rate)
EUR amount:1,017.42 EUR
Total Cost:6.86%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.0277 (5.91% from mid-rate)
EUR amount:1,012.28 EUR
Total Cost:7.33%
Time:16:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

GBP to EUR interbank exchange rate = 1.0923

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/EUR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

GBP to EUR Forecasts

Brexit is the dominating factor for GBP/EUR, with "no deal" likely to induce exchange rates below parity (€1.0) for the first time ever.  Read more

GBPEUR blended flags

GBP and EUR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs EUR, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

Why can't I just get the GBP/EUR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / EUR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

GBPEUR blended flags

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates