CurrencyFair GBP to EUR Transfers Compared

   

What is the CurrencyFair Send Money conversion rate for GBP to EUR?

The CurrencyFair GBP to EUR exchange rate is 1.1384. This is -0.8% compared to the latest GBP-EUR mid-market rate 1.1476.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to euro (EUR) rates from different sources before making a conversion.

The above CurrencyFair - Sterling to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by CurrencyFair and other foreign exchange providers against the latest GBP-EUR mid-rate and the possible savings of using various providers. 

How do CurrencyFair GBP-EUR rates compare between providers?

Looking at the full GBP to EUR - Send Money comparison table the provider with the best GBP to EUR exchange rate is OFX at 1.1418, -0.51% from the latest mid-market rate 1.1476.

The next best is Wise at 1.1414, -0.54% from the mid-rate.

Then XE at 1.1407, which is -0.6% from the mid-rate.

The Western Union rate is 1.1303 which is -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is 1.0832 at -5.6% the Royal Bank of Scotland rate is 1.0901 at -5% and the Barclays Bank rate is 1.1006 at -4.1% compared to the mid-rate 1.1476.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like CurrencyFair or platforms that offer rates closer to the mid-market rate.