The live mid-rate GBP to EUR exchange rate is 1.1751. Compare Chase Bank currency conversion rates - Reduce FX costs.
The best GBP to EUR exchange rate is our partner deal rate of 1.1692 from OFX . This is -0.5% compared to the mid-market rate 1.1751.
The standard OFX GBP-EUR rate is 1.1584, -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 1.1692 from OFX, -0.5% from the mid-market rate 1.1751. The next best rate is 1.1683 from Currencies Direct, -0.58% from the mid-rate. Then XE with 1.1681 is -0.6% from the mid-rate.
The Western Union rate is 1.1634 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 1.1137 at -5.2%, the Royal Bank of Scotland rate is 1.1208 at -4.6%, and the Barclays Bank rate is 1.134 at -3.5% compared to the mid-rate 1.1751.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Chase Bank 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 Chase Bank Sterling to Euro comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Chase Bank and other foreign exchange providers against the latest GBP-EUR mid-rate (see Market Data below ) and the possible savings of using various providers.
Chase Bank, the consumer banking subsidiary of JPMorgan Chase, is headquartered in New York and is one of the Big Four banks in the United States.
Chase has nearly 5,000 branches in the US as well as 16,000 ATMs and operates in 100 countries. Half of all households in the United States are Chase customers.
Sending or receiving international transfers to or from your Chase bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
Chase Bank offers several products that may charge these foreign exchange fees, including:
When sending money abroad, Chase Bank allows you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
British pound (GBP) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/EUR | Change | Period |
|---|---|---|---|
22 Apr 2025 | 1.1693 | 0.5% ▲ | 2 Week |
05 Feb 2025 | 1.2022 | 2.3% ▼ | 3 Month |
06 May 2024 | 1.1664 | 0.7% ▲ | 1 Year |
07 May 2020 | 1.1419 | 2.9% ▲ | 5 Year |
09 May 2015 | 1.3781 | 14.7% ▼ | 10 Year |
11 May 2005 | 1.4639 | 19.7% ▼ | 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.
The GBP to EUR exchange rate currently sits at 1.1751, which is 1.1% below its three-month average of 1.1877. Market movements indicate a stable trading range for the pound, which has fluctuated between 1.1517 and 1.2127 over the past few months. Recent geopolitical tensions have particularly affected the pound. A 10% tariff imposed by the U.S. on UK imports has raised concerns about the pound's value, especially amidst prevailing political uncertainties surrounding the Labour Party's disappointing performance in local elections. Analysts suggest that these factors contribute to a subdued sentiment within the GBP market as stakeholders await the Bank of England's interest rate decision this Thursday.
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 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.
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.
Cyprus: Cyprus has a relatively low cost of food and transportation.
It's important to note that these are rough estimations, and the cost of living in these countries may be different for various factors such as location, lifestyle, and personal preferences. It's also worth noting that these countries are not part of the Eurozone, but they are in the EU and their currencies are pegged to the Euro.
There is no definitive answer to what the best country is to set up a company in the Eurozone, as it depends on various factors such as the nature of the business, the target market, and the specific needs and goals of the company. However, some countries in the Eurozone are generally considered to be more favorable for businesses than others.
Some of the countries that are considered to be among the most business-friendly in the Eurozone include:
It is worth noting that each country has its own specific regulations, taxes and legal requirements that might fit some businesses better than others. It is recommended to consult with business experts and legal advisers for a tailored advice for your business.
Read more at our Eurozone (EUR) country guide
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Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
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The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
Further reading on the Euro (EUR) - Guides, Reviews & News from our research team.
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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