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Best EUR > GBP exchange rates as of 13 Dec 2018

Find the best exchange rate when converting your euros to British pounds

Whether you’re a forex investor or simply looking to trade euros for pounds, get the most for your money with a strong exchange rate.

Today's mid-market rate

Use the table below to find out today's exchange rate when trading euros for British pounds. This can help you make your decision when you look into the exchange rates that transfer providers are offering.

Refreshing in: 60s | Wed, 12 Dec 03:29pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3834 Inverse: 0.7229 1.3336 Inverse: 0.7499 0.8794 Inverse: 1.1371 6.8802 Inverse: 0.1453 0.7911 Inverse: 1.2641 71.7985 Inverse: 0.0139 20.0448 Inverse: 0.0499 52.6145 Inverse: 0.0190
1 AUD = 0.7229 Inverse: 1.3834 1.0000 0.9640 Inverse: 1.0373 0.6357 Inverse: 1.5731 4.9736 Inverse: 0.2011 0.5718 Inverse: 1.7487 51.9018 Inverse: 0.0193 14.4900 Inverse: 0.0690 38.0341 Inverse: 0.0263
1 EUR = 1.1371 Inverse: 0.8794 1.5731 Inverse: 0.6357 1.5165 Inverse: 0.6594 1.0000 7.8238 Inverse: 0.1278 0.8996 Inverse: 1.1117 81.6454 Inverse: 0.0122 22.7939 Inverse: 0.0439 59.8304 Inverse: 0.0167
1 GBP = 1.2641 Inverse: 0.7911 1.7487 Inverse: 0.5718 1.6858 Inverse: 0.5932 1.1117 Inverse: 0.8996 8.6974 Inverse: 0.1150 1.0000 90.7615 Inverse: 0.0110 25.3389 Inverse: 0.0395 66.5107 Inverse: 0.0150

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How does the euro trade against the British pound historically?

On 1 January 1999, the euro was introduced in 11 states of the European Union (EU) as a “single currency” – or a currency used by all members of an economic federation. At the time of its debut, the euro was at a rate of 1.42 euros to one pound. Despite being an EU member state, the UK chose not to replace its country’s currency with the euro.

In the first three years after its introduction, the euro was used only for bank transfers, online transactions and traveller's cheques. But this all changed in January 2002 when euro notes and coins were introduced in the now 12 participating countries, with Greece also opting to use the euro as its official currency.

From 1999 to 2007, the euro held a stable value average of 0.6 against the pound. However, in late 2008 the euro became caught up in the European sovereign debt crisis, which led to an increase of 0.70 pounds to one euro by the end of that year.

What is the European sovereign debt crisis?

The European debt crisis began when the peripheral eurozone member states of Greece, Spain, Ireland, Portugal and Cyprus found themselves unable to repay their government debt due to slowing economies and rising interest rates, among other economic issues. Its effects are still being felt in 2018.

In an attempt to stabilise the euro, the European Financial Stability Facility was created to address the crisis. Rates improved as a result, reaching 0.93 GBP to 1 EUR by 31 October 2009.

The effects of “Brexit” on currency exchange

Since Brexit — or Britain’s proposed exit from the European Union — in June 2016, the GBP has declined against several currencies. For the euro, Brexit could potentially mean that it gains against the pound. We saw the euro jump from 0.79008 against the pound in June 2016, shortly after the Brexit referendum, to 0.841735 in July 2016. Since July 2016, the euro has remained stable at around 0.8 to the pound.

Using historical data to forecast the EUR > GBP exchange rate

The past can be a good indicator of the future. The socio-political atmosphere, interest and inflation rates, foreign trade, public debt and export-to-import price ratios all influence exchange rates.

Check out the graph below to see how the euro has traded against the British pound historically.

EUR to GBP: Historical rate chart

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Updated: 12 Dec 2018 15:29:43 UTC

Compare today’s rates from providers who can send EUR to GBP

Rates last updated December 12th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Bank Account to Bank Account
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.
WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone, Bank Account to Bank Account
Use code FINDER20 for $20 credit towards your next transfer*. Conditions apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
*Offer valid for one-time use and only applies to transfers of AUD$10,000 or more.
OFX (Ozforex) International Money Transfers
AUD 250
1 - 2 days
Online, Phone, Bank Account to Bank Account
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
WorldRemit International Money Transfers
AUD 1
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Global Reach (formerly FC Exchange) International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
XE International Money Transfers
AUD 10,000
1 day
Online, Bank Account to Bank Account
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees.
FlashFX International Money Transfers
AUD 200
1 day
Online, Bank Account to Bank Account
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees.
Exclusive: InstaReM International Money Transfers
AUD 200
1 - 2 days
Online, Phone, Bank Account to Bank Account
Exclusive: finder customers receive $15 off their first transaction. T&Cs apply.
InstaReM offers simple and quick international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction, plus finder customers receive $15 off first transfer (T&Cs apply).
TransferWise International Money Transfers
AUD 1
1 - 2 days
Online
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
Remit2India International Money Transfers
AUD 50
Same day
Online, Bank Account to Bank Account
Instant transfers to India from anywhere in the world with $0 transfer fees.
New customers who create an account with Remit2India and make a transfer of AUD$500 or more for the first time will receive a complimentary $25 Coles/Myer e-voucher. Click 'Go to site' for T&Cs.
HawkFX International Money Transfers
HawkFX International Money Transfers
1 day
Online, Phone, Bank Account to Bank Account, International Money Order
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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What affects EUR > GBP exchange rates?

In general, five factors affect how the euro trades against the British pound.

Prices and inflation

Inflation affects all currencies, including the euro. A country with high levels of inflation relative to other countries will typically see its currency depreciate so that the prices of goods between countries remain equal. In the eurozone — or the group of nations that trade in the euro — inflation is measured by the Consumer Price Index (CPI), which calculates the price of a selection of goods that an average household is likely to purchase.

Confidence and sentiment

By looking at confidence and sentiment reports, you can also gauge economic conditions in countries that trade in the euro. A popular sentiment report to follow is the German ZEW Survey, prepared each month by the Centre for European Economic Research.

Monetary policy

All currency is affected by monetary policies, which are constructed by currencies respective to a country’s central bank. For the euro, that’s the European Central Bank. Monetary policies include interest rates that significantly affect the euro.

Economic growth

The growth and health of the eurozone significantly influence the euro, measured by the gross domestic product. For the eurozone, the GDP is a periodic measure of the value of the total goods and services produced in the area. For all currencies, including the euro, growth in GDP is a sign that the economy is strong and healthy.

Balance of payments

The balance of payments is like a country’s accounting record of interactions with the rest of the world. It’s made up of three accounts, but only the current account affects exchange rates. This account reveals how much a country is exporting and importing, as well as the flow of income and transfer payments.

Did you know?

The EUR/GBP currency pair is often referred to by forex traders as trading the “chunnel”.

Bottom line

When transferring money internationally, do your research to ensure your money goes further in an exchange. With Brexit and other current events, the British economy is shaky, which could mean a better deal when converting your euros to pounds.

Frequently asked questions

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.

WorldFirst International Money Transfers

Use code FINDER20 for $20 credit towards your next transfer*. Conditions apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
*Offer valid for one-time use and only applies to transfers of AUD$10,000 or more.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

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