Best EUR > GBP exchange rates as of 24 Aug 2019

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

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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.

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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 2019.

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: 23 Aug 2019 20:41:55 UTC

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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 3,000 1 day EUR 0.00 0.903 GBP
9,032
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.
Go to site Show details
AUD 2,000 1 day EUR 0.00 0.903 GBP
9,029
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 day EUR 0.00 0.903 GBP
9,027
Sign up through Finder and get a $50 Myer gift card when you send $10,000 or more. T&Cs apply.
SendFX guarantees to match any competitor's exchange rate. Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days EUR 0.00 0.903 GBP
9,027
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 200 1 day EUR 0.00 0.902 GBP
9,022
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 200 1 - 2 days EUR 50.00 0.908 GBP
9,031
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple 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.
Go to site Show details
AUD 1 1 day EUR 0.00 0.898 GBP
8,977
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. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.898 GBP
8,975
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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AUD 1 Within an hour EUR 3.99 0.896 GBP
8,956
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 day EUR 0.00 0.9 GBP
8,996
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers


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.

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*
Logo for Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

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.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

Sign up through Finder and get a $50 Myer gift card when you send $10,000 or more. T&Cs apply.
SendFX guarantees to match any competitor's exchange rate. Fee-free transfers in 30+ currencies to over 200 countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

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