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    Best GBP to EUR Exchange Rates Compared Live

    The live mid-rate GBP to EUR exchange rate is 1.2013. Compare currency conversion rates - Reduce FX costs.

    GBP-EUR Best Exchange Rates
     

     
    The GBP to EUR exchange rate is under pressure, trading around 1.1999 as expectations of BoE interest rate cuts weigh on the pound. The market has remained stable in a 2.7% range. Geopolitical tensions and trade concerns keep euro prospects clouded. 11-Feb

     
     

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

    The best GBP to EUR exchange rate is our partner deal rate of 1.1953 from OFX . This is -0.5% compared to the mid-market rate 1.2013.

    The standard OFX GBP-EUR rate is 1.1835, -1.5% 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.

    How do GBP-EUR rates compare between providers?

    Looking at our comparison table the best GBP to EUR exchange rate is 1.1953 from OFX, -0.5% from the mid-market rate 1.2013. The next best rate is 1.1943 from Currencies Direct, -0.58% from the mid-rate. XE with 1.1941 is -0.6% from the mid-rate.

    The Western Union rate is 1.1893 which is -1% from the mid-rate.

    Among the banks, the Lloyds Bank rate is 1.1379 at -5.3%, the Royal Bank of Scotland rate is 1.1451 at -4.7%, and the Barclays Bank rate is 1.1593 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.

     

    Compare Rates

     

    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. 

     
     
     

    GBP to EUR Market Data

    British pound (GBP) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    Sell GBP   →   Buy EUR
    1 GBP =
    1.2013We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    -0.1% since yesterday
    GBP to EUR at 1.1999 is near its 3-month average, having traded in a very stable 2.7% range from 1.1829 to 1.2146
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    DateGBP/EURChangePeriod
    28 Jan 2025
    1.1931
    0.5% 2 Week
    13 Nov 2024
    1.2027
    0.3% 3 Month
    12 Feb 2024
    1.1722
    2.3% 1 Year
    13 Feb 2020
    1.2032
    0.3% 5 Year
    14 Feb 2015
    1.3522
    11.3% 10 Year
    16 Feb 2005
    1.4467
    17.1% 20 Year
    GBP/EUR historic rates & change to 11-Feb-2025
     

    What are equivalent amounts of GBP and EUR?

    Here are some popular conversion amounts for GBP to EUR (British pound to Euro)*.

    GBP EUR
    £ 1 1.2013
    £ 5 6.0065
    £ 10 12.01
    £ 20 24.03
    £ 50 60.07
    £ 100 120.13
    £ 250 300.33
    £ 500 600.65
    £ 1,000 1,201
    £ 2,000 2,403
    £ 5,000 6,007
    £ 10,000 12,013
    £ 20,000 24,026
    £ 50,000 60,065
    £ 100,000 120,130
    GBP EUR
    £ 0.8324 € 1
    £ 4.1620 € 5
    £ 8.3240 € 10
    £ 16.65 € 20
    £ 41.62 € 50
    £ 83.24 € 100
    £ 208.10 € 250
    £ 416.20 € 500
    £ 832.40 € 1,000
    £ 1,665 € 2,000
    £ 4,162 € 5,000
    £ 8,324 € 10,000
    £ 16,648 € 20,000
    £ 41,620 € 50,000
    £ 83,240 € 100,000

    More amounts

    *Converted at the current GBPEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for GBP to EUR

     

    The GBP to EUR exchange rate has been under pressure recently, primarily due to expectations of further interest rate cuts from the Bank of England (BoE). As analysts note, the pound (GBP) has been sliding, with rates hovering around 1.1999, which is near its three-month average. The market has traded within a stable 2.7% range from 1.1829 to 1.2146, indicating a period of relative stability despite the underlying pressures. With BoE Governor Andrew Bailey scheduled to speak, any dovish signals that reinforce market fears of these rate cuts could further exacerbate the GBP's downtrend. The ongoing post-Brexit uncertainties and political factors also continue to play a critical role in influencing sterling's volatility, particularly against the euro.

    Read our full review of recent GBP to EUR forecasts.

     
    GBP to EUR flags

    How to get a good GBP to EUR exchange rate

    There are several ways to save on exchange rates when converting British pound to Euro:

    1. Shop around for the best GBP/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the GBP/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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 in the Eurozone plus living and doing business 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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    Will the British pound rise against the Euro?

    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.

     
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    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

     
     

    Currency Country Guides

    EurozoneEurozone (EUR)United KingdomUnited Kingdom (GBP)Aaland IslandsAaland Islands (EUR)
    AndorraAndorra (EUR)AustriaAustria (EUR)BelgiumBelgium (EUR)
    CroatiaCroatia (EUR)CyprusCyprus (EUR)EstoniaEstonia (EUR)
    FinlandFinland (EUR)FranceFrance (EUR)French GuineaFrench Guinea (EUR)
    French Southern TerritoriesFrench Southern Territories (EUR)GermanyGermany (EUR)GreeceGreece (EUR)
    GuadeloupeGuadeloupe (EUR)Vatican CityVatican City (EUR)IrelandIreland (EUR)
    ItalyItaly (EUR)LuxembourgLuxembourg (EUR)MaltaMalta (EUR)
    MartiniqueMartinique (EUR)MayotteMayotte (EUR)MonacoMonaco (EUR)
    MontenegroMontenegro (EUR)NetherlandsNetherlands (EUR)PortugalPortugal (EUR)
    ReunionReunion (EUR)Saint BarthelemySaint Barthelemy (EUR)Saint MartinSaint Martin (EUR)
    Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)San MarinoSan Marino (EUR)SlovakiaSlovakia (EUR)
    SloveniaSlovenia (EUR)SpainSpain (EUR)
     

    Which Eurozone country has the cheapest cost of living?

    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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