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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
OFX logo
5,562 EUR
Best Overall
1.1124£0^0.84%
HSBC logo
5,445.32 EUR
117 EUR
1.0907£7.52.92%
Natwest Bank logo
5,414.71 EUR
147 EUR
1.0862153.46%
Citibank International Money Transfers
Citibank logo
5,390.53 EUR
171 EUR
1.0807123.89%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,391 EUR
171 EUR
1.0813153.89%
Santander International Money Transfers
Santander logo
5,359.48 EUR
203 EUR
1.0762204.45%
Lloyds TSB logo
5,343.04 EUR
219 EUR
1.0729204.74%
 
OFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.1124 (0.84% from mid-rate)
EUR amount:5,562 EUR
Total Cost:0.84%
Time:
Rate Fetched: Mon Jun 17 2019 06:09:09 GMT+0000 (UTC)
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:1.0907 (2.77% from mid-rate)
EUR amount:5,445.32 EUR
Total Cost:2.92%
Difference:
117 EUR less than using OFX
Time:8:20 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:1.0862 (3.17% from mid-rate)
EUR amount:5,414.71 EUR
Total Cost:3.46%
Difference:
147 EUR less than using OFX
Time:8:20 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:1.0807 (3.66% from mid-rate)
EUR amount:5,390.53 EUR
Total Cost:3.89%
Difference:
171 EUR less than using OFX
Time:8:20 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:1.0729 (4.36% from mid-rate)
EUR amount:5,391 EUR
Total Cost:3.89%
Difference:
171 EUR less than using OFX
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:1.0762 (4.06% from mid-rate)
EUR amount:5,359.48 EUR
Total Cost:4.45%
Difference:
203 EUR less than using OFX
Time:8:20 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:1.0729 (4.36% from mid-rate)
EUR amount:5,343.04 EUR
Total Cost:4.74%
Difference:
219 EUR less than using OFX
Time:8:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - 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
1,095.8 EUR
Best Overall
1.0958£0^2.32%
Citibank Foreign Currency
Citibank logo
1,055.64 EUR
40 EUR
1.0663£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,046 EUR
50 EUR
1.0582£106.73%
Lloyds TSB logo
1,044.95 EUR
51 EUR
1.0555£106.85%
Santander Foreign Currency
Santander logo
1,044.95 EUR
51 EUR
1.0555£106.85%
Natwest Bank logo
1,039.67 EUR
56 EUR
1.0555£157.32%
Travelex Online UK: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.0958 (2.32% from mid-rate)
EUR amount:1,095.8 EUR
Total Cost:2.32%
Time:
Rate Fetched: Mon Jun 17 2019 06:30:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0663 (4.95% from mid-rate)
EUR amount:1,055.64 EUR
Total Cost:5.9%
Time:8:20 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:1.0555 (5.91% from mid-rate)
EUR amount:1,046 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:1.0555 (5.91% from mid-rate)
EUR amount:1,044.95 EUR
Total Cost:6.85%
Time:8:20 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:1.0555 (5.91% from mid-rate)
EUR amount:1,044.95 EUR
Total Cost:6.85%
Time:8:20 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:1.0555 (5.91% from mid-rate)
EUR amount:1,039.67 EUR
Total Cost:7.32%
Time:8:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

GBP to EUR interbank exchange rate = 1.1206

 
 

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)

The pound slipped to a 5-month low of 1.12 euros in June. Against the US dollar, it climbed away from May’s multi-month low of $1.256 to $1.27, but was still 5 percent lower than March's high of $1.338.

Brexit paralysis in the UK has led to declines in business investment and two months of economic contraction (for the months of March and April).

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is predicted by betting markets, 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 receiving some support from the Bank of England which, surprisingly, is the only major central bank to be considering raising interest rates this year.

Read more in the article GBP Forecasts.

 

Euro (EUR)

Against the US dollar, the euro struck a 2-year low of $1.111 on May-23, though that mostly reflected the greenback's broad-based strength.

Against the pound, the euro set a record 14-day winning streak in May, and is now near 3-month highs at £0.882; it was also strong against the Australian dollar, at A$1.617.

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