The live mid-rate GBP to EUR exchange rate is 1.2077. Compare currency conversion rates - Reduce FX costs.
The best GBP to EUR exchange rate is our partner deal rate of 1.2017 from OFX . This is -0.5% compared to the mid-market rate 1.2077.
The standard OFX GBP-EUR rate is 1.1904, -1.4% from the mid-rate. Visit OFX here to secure the better rate.
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.
Looking at our comparison table the best GBP to EUR exchange rate is 1.2017 from OFX, -0.5% from the mid-market rate 1.2077. The next best rate is 1.2007 from Currencies Direct, -0.58% from the mid-rate. XE with 1.2005 is -0.6% from the mid-rate.
The Western Union rate is 1.1956 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 1.1445 at -5.2%, the Royal Bank of Scotland rate is 1.1518 at -4.6%, and the Barclays Bank rate is 1.1654 at -3.5% from the mid-rate.
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 or platforms that offer rates closer to the mid-market rate.
The Sterling to Euro comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-EUR mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/EUR | Change | Period |
|---|---|---|---|
20 Nov 2024 | 1.2001 | 0.5% ▲ | 2 Week |
05 Sep 2024 | 1.1858 | 1.7% ▲ | 3 Month |
05 Dec 2023 | 1.1667 | 3.4% ▲ | 1 Year |
06 Dec 2019 | 1.1878 | 1.5% ▲ | 5 Year |
07 Dec 2014 | 1.2654 | 4.7% ▼ | 10 Year |
09 Dec 2004 | 1.4459 | 16.6% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to EUR (British pound to Euro)*.
*Converted at the current GBPEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
As of recent trading, the GBP to EUR exchange rate has shown resilience, currently trading around 1.2060, which is notably 0.8% above its three-month average. This stability reflects a broader context marked by the UK's economic uncertainties. Recent data from the British Retail Consortium indicated a slowdown in retail sales, contributing to apprehensions regarding the UK economic outlook. Additionally, a speech by Bank of England Governor Andrew Bailey may influence the pound’s trajectory. If he reiterates a cautious stance on interest rate cuts, this could provide some uplift for the GBP against the EUR. However, analysts caution that ongoing post-Brexit dynamics and the volatility inherent in the GBP/USD exchange rate could result in further fluctuations.
Read our full review of recent GBP to EUR forecasts.
There are several ways to save on exchange rates when converting British pound to Euro:
Generally speaking, if you are buying Euro with British pound, then it's better for the GBP/EUR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/EUR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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