The Lloyds Bank GBP to EUR rate is 1.1141. This is -5.8% below the mid-rate. Compare Lloyds Bank currency conversion rates - Reduce FX costs.
The Lloyds Bank GBP to EUR exchange rate is 1.1141. This is -5.8% compared to the latest GBP-EUR mid-market rate 1.1825.
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 1.1766 from OFX, -0.5% from the mid-market rate 1.1825. The next best rate is 1.1757 from Currencies Direct, -0.58% from the mid-rate. Then XE with 1.1754 is -0.6% from the mid-rate.
The Western Union rate is 1.1707 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 1.1141 at -5.8%, the Royal Bank of Scotland rate is 1.1212 at -5.2%, and the Barclays Bank rate is 1.1411 at -3.5% compared to the mid-rate 1.1825.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Lloyds 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 Lloyds Bank Sterling to Euro comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Lloyds 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.
If you are a Lloyds Bank customer and looking to send money overseas through an International Money Transfer (IMT) or get some travel money, you can use the comparison table snapshot below for an indication of how Lloyds Bank exchange rates compare to alternative FX providers.
Lloyds Bank has the largest number of retail customers in the UK, with over 13 million customers. Lloyds Bank provides a range of financial products and services, including international money transfers (IMTs). Customers can use the bank's online or mobile banking platform to initiate an IMT, or they can visit a branch in person to request a transfer.
Lloyds Bank's foreign exchange rates for money transfers compare favorably with other major banks but not so well when compared to currency exchange specialists.
Lloyds Bank does provide customers with a clear breakdown of the fees associated with each transfer, including any exchange rate margins, transfer fees, and other charges. This transparency allows customers to compare the cost of their transfer with other providers and choose the most cost-effective option for their needs.
Lloyds Bank state that they don't charge extra fixed fees for Online overseas transfers. However, the true cost is in the exchange rate markup plus any correspondent and recipient bank charges.
Our research shows that on average, Lloyds Bank's markup on their foreign exchange rates is somewhere between 3.5 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
Extra Fees for Branch and Telephone: less than £5,000 is £20 and £5,000 or over is £35
British pound (GBP) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/EUR | Change | Period |
|---|---|---|---|
25 Apr 2025 | 1.1674 | 1% ▲ | 2 Week |
08 Feb 2025 | 1.2009 | 1.8% ▼ | 3 Month |
09 May 2024 | 1.1617 | 1.5% ▲ | 1 Year |
10 May 2020 | 1.1457 | 2.9% ▲ | 5 Year |
12 May 2015 | 1.3969 | 15.6% ▼ | 10 Year |
14 May 2005 | 1.4678 | 19.6% ▼ | 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.
The GBP to EUR exchange rate has shown recent resilience amid a complex backdrop of geopolitical and economic factors. Currently trading at 1.1792, the pound is just 0.7% below its three-month average of 1.187. Analysts note that this stability reflects a narrow trading range of 5.3% over the past few months, with the GBP to EUR pair oscillating between 1.1517 and 1.2127.
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
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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