What is the
best Send Money conversion rate for GBP to EUR?
The best GBP to EUR exchange rate is 1.1668 from Wise. This is -0.44% compared to the mid-market rate 1.1720.
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
Ramsdens - Sterling to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Ramsdens and other foreign exchange providers against the latest GBP-EUR mid-rate and the possible savings of using various providers.
How do Ramsdens GBP-EUR rates compare between providers?
Looking at the
full comparison table
the best GBP to EUR exchange rate is 1.1668 from Wise, -0.44% from the mid-market rate 1.1720. The next best rate is 1.1661 from OFX, -0.5% from the mid-rate. Then Currencies Direct with 1.1652 is -0.58% from the mid-rate.
The Western Union rate is 1.1603 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.1116 at -5.2% the Royal Bank of Scotland rate is 1.1186 at -4.6% and the Barclays Bank rate is 1.131 at -3.5% compared to the mid-rate 1.1720.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Ramsdens 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 GBP to EUR Transfer Rates