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Best Exchange Rates

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Compare GBP to EUR foreign transfers

Use our comparison table to find the best exchange rates for Euro foreign transfers compared to HSBC Bank.

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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GBP-EUR Foreign Transfers - Compare

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
5,753 EUR
Best Overall
1.1506£0^0.67%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
5,747 EUR
6 EUR
1.149400.78%Bank Transfers - Online & Phone1-2 days
HSBC logo
5,632.04 EUR
121 EUR
1.1281£7.52.76%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
5,600.65 EUR
152 EUR
1.1235153.3%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
5,575.09 EUR
178 EUR
1.1177123.74%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,575 EUR
178 EUR
1.1184153.74%Online, Branch, Bank Transfers2-3 days
Santander International Money Transfers
 
Santander logo
5,543.24 EUR
210 EUR
1.1131204.29%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
5,526.31 EUR
227 EUR
1.1097204.59%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:1.1506 (0.67% from mid-rate)
EUR amount:5,753 EUR
Total Cost:0.67%
Time:
Rate Fetched: Wed Mar 20 2019 16:09:19 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.1494 (0.78% from mid-rate)
EUR amount:5,747 EUR
Total Cost:0.78%
Difference:
6 EUR less than using OFX
Time:18:09 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:1.1281 (2.62% from mid-rate)
EUR amount:5,632.04 EUR
Total Cost:2.76%
Difference:
121 EUR less than using OFX
Time:18:09 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:1.1235 (3.01% from mid-rate)
EUR amount:5,600.65 EUR
Total Cost:3.3%
Difference:
152 EUR less than using OFX
Time:18:09 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:1.1177 (3.51% from mid-rate)
EUR amount:5,575.09 EUR
Total Cost:3.74%
Difference:
178 EUR less than using OFX
Time:18:09 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:1.1097 (4.2% from mid-rate)
EUR amount:5,575 EUR
Total Cost:3.74%
Difference:
178 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:1.1131 (3.91% from mid-rate)
EUR amount:5,543.24 EUR
Total Cost:4.29%
Difference:
210 EUR less than using OFX
Time:18:09 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:1.1097 (4.2% from mid-rate)
EUR amount:5,526.31 EUR
Total Cost:4.59%
Difference:
227 EUR less than using OFX
Time:18:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

1 GBP = 1.1553 EUR

This is the current GBP-EUR mid-market exchange rate. 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.

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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

The Brexit debacle continues, as does above-average volatility in the British pound. Until now, the UK government’s inability to make any decisions has been to sterling’s advantage, since this casts doubt on the delivery of Brexit and/or makes a softer Brexit more likely.

Sterling’s uptrend is evident from recent peaks against the dollar, coming in at $1.322 on January-25, at $1.335 on February-27, and at $1.338 on March-13. Sterling had been as low as $1.237 in early January. It was at $1.32 at the time of this report.

Increasing the risk of a no-deal Brexit (potentially very bad for sterling) was the statement made on March-20 by EU Council President Donald Tusk, who said that the EU would agree to the Article 50 extension sought by the UK government only if British MPs first backed the current withdrawal agreement—the one that had twice been defeated by large parliamentary majorities.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near $1.10 in the event of no-deal, near $1.45 with a deal and at $1.55 if Brexit is cancelled.

Euro (EUR) - Market news and forecasts

Between November and February, the euro was remarkably stable relative to the US dollar, against which it traded for the most part between $1.125 and $1.155. In the days leading up to this report, in March, the euro broke downwards to a 21-month low of $1.118.

Further to Brexit uncertainty, euro weakness followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 at the earliest as part of an effort to lift the eurozone economy out of this “period of continued weakness.”

ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against the dollar over the coming months. Danske Bank predicted a euro dip towards $1.1 before a rally over 3-6 months back into a $1.12-1.16 range.