What's in this GBP to EUR exchange rate review?
Pound Sterling to Euro - Quick Conversions
|£ 1||€ 1.1055|
|£ 5||€ 5.5275|
|£ 10||€ 11.06|
|£ 20||€ 22.11|
|£ 50||€ 55.28|
|£ 100||€ 110.55|
|£ 250||€ 276.38|
|£ 500||€ 552.75|
|£ 1,000||€ 1,106|
|£ 2,000||€ 2,211|
|£ 5,000||€ 5,528|
|£ 10,000||€ 11,055|
|£ 50,000||€ 55,275|
|£ 100,000||€ 110,550|
To calculate other GBP/EUR amounts try our home-page Convert GBP to EUR quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - Euro
Pound Sterling - Euro Forecasting
GBP will rise to 1.20 per euro according to Standard Bank. The coronavirus pandemic means that the deadline for a trade deal this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.
US dollar weakness has helped the embattled British pound continue its recovery off June and early July lows. Despite this brief upturn, the outlook remains pessimistic as Brexit uncertainty and questions over the economy’s ability to rebound after the pandemic weigh on the currency. August Currency Update
Read more about FX Broker and Bank analysts' predictions for GBP to EUR future trends in our blog article GBP to EUR Broker & Bank Forecasts.
How to get Best GBP to EUR Exchange Rates
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).
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.
What is a good GBP to EUR exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling vs Euro current value is to look the GBP/EUR historic rate and change over a range of periods.
The following table looks at the change in the GBP to EUR exchange rate over periods from the previous week back to the last 10 years.
|04 Aug 2020 : 1.1076||0.4% ▲||1 Week|
|12 Jul 2020 : 1.1165||0.4% ▼||30 Days|
|13 May 2020 : 1.1309||1.7% ▼||90 Days|
|12 Aug 2019 : 1.0768||3.3% ▲||1 Year|
|13 Aug 2015 : 1.3997||20.6% ▼||5 Years|
|14 Aug 2010 : 1.2202||8.9% ▼||10 Years|
When is the best time to exchange GBP to EUR?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.