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Compare GBP to EUR foreign transfers

Use our comparison table to find the best exchange rates for Euro foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
£GBP
€EUR

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Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
5,701.5 EUR
Best Overall
1.1403£0^1.39%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TorFX logo
5,695.5 EUR
6 EUR
1.139101.5%Bank Transfers - Online & Phone1-2 days
HSBC logo
5,581.62 EUR
120 EUR
1.118£7.53.47%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
5,550.3 EUR
151 EUR
1.1134154.01%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
5,525.21 EUR
176 EUR
1.1077124.44%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,526 EUR
175 EUR
1.1084154.44%Online, Branch, Bank Transfers2-3 days
Santander International Money Transfers
 
Santander logo
5,493.94 EUR
208 EUR
1.1032204.98%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
5,476.51 EUR
225 EUR
1.0997205.28%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.1403 (1.39% from mid-rate)
EUR amount:5,701.5 EUR
Total Cost:1.39%
Time:
Rate Fetched: Thu Apr 18 2019 22:09:10 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.1391 (1.5% from mid-rate)
EUR amount:5,695.5 EUR
Total Cost:1.5%
Difference:
6 EUR less than using OFX
Time:0:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.1180 (3.32% from mid-rate)
EUR amount:5,581.62 EUR
Total Cost:3.47%
Difference:
120 EUR less than using OFX
Time:0:20 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:1.1134 (3.72% from mid-rate)
EUR amount:5,550.3 EUR
Total Cost:4.01%
Difference:
151 EUR less than using OFX
Time:0:20 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:1.1077 (4.21% from mid-rate)
EUR amount:5,525.21 EUR
Total Cost:4.44%
Difference:
176 EUR less than using OFX
Time:0:20 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:1.0997 (4.9% from mid-rate)
EUR amount:5,526 EUR
Total Cost:4.44%
Difference:
175 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:1.1032 (4.6% from mid-rate)
EUR amount:5,493.94 EUR
Total Cost:4.98%
Difference:
208 EUR less than using OFX
Time:0:20 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:1.0997 (4.9% from mid-rate)
EUR amount:5,476.51 EUR
Total Cost:5.28%
Difference:
225 EUR less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the GBP-EUR mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market GBP-EUR exchange rate.

Currency news 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 must always be quoted in comparison to a second 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

Update 14-April: The pound hovered between US$1.30 and US$1.31 (in line with 3-month averages) after the EU granted the UK a Brexit extension until the end of October. No-deal risk is gone for now and anything is possible, including a new British prime minister, a general election and/or second referendum.

Experts at MUFG said in April that sterling would likely trade between US$1.30 and US$1.34 until more clarity emerged.

If an election is called, the pound could depreciate to US$1.24, a UBS analyst said, due to “heightened uncertainty” (the opposition Labour party is consistently ahead in the polls).

Goldman Sachs said in April that sterling was set for a “big finish” (higher) once the gridlock in the UK parliament ends and a deal is agreed and certainty found.

Earlier this year, currency analysts at HSBC estimated that the pound would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 if Brexit is cancelled.

Euro (EUR) - Market news and forecasts

Against the dollar, the euro remains weak. At $1.12 in early April, the euro was barely above March’s 21-month low of $1.118. Against the pound, it traded at £0.86 (a level it never sank to in 2018), but it fared better against the Australian dollar, with EUR/AUD rates in line with 2018’s average, at A$1.578.

Euro weakness has been driven by Brexit uncertainties and has followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 as part of an effort to lift the eurozone economy out of this “period of continued [economic] weakness.”

Forecasts: ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against USD over the coming months; ANZ said it saw rates falling as low as $1.08 by mid-year; Danske Bank said the euro would trade between $1.12 and 1.16 at year-end.

For EUR/GBP, Nordea Research thinks a no-deal Brexit will put £0.95 in play, a Norway-type Brexit (“Norway plus”) or permanent customs union will lead to £0.81-0.83, and Theresa May’s deal should see £0.83-0.84.