Best and Current Currency Exchange Rates

Need to convert between currencies? We have an easy, textual, currency exchange tool for all your currency rate need (UK currency and globally). Our focus is on major currencies such as the British Pound, US Dollar, Euro, Japanese Yen, and the Australian Dollar, but also supply the currency rates for  more exotic currencies United Arab Emirates Dirham or the Israeli Shekel. Wanting to find the best international money transfer exchange rates? We have a guide for that too included in our extensive foreign exchange rates guide.

Today’s Current – “Official” Interbank Rates

Note: Rates are updated on an hourly basis from an external provider, as our main area of interest is foreign currency bank transfers and not rates. We do not guarantee accuracy, but based on our randomised testing our rates are more up to date than competitors.

Common Currency Pairs – From GBP

GBP Exchange
Current Pound to Euro Rate:

  • 1 Pound is €1.1623 EUR
  • 10,000 Pound are €11,622.9571 EUR 

Current  Pound to US Dollars Rate:

  • 1 Pound is $1.2959 USD
  • 10,000 Pounds are $12,959.2936 USD 

Current  Pound to Australian Dollars Rate:

  • 1 Pound is A$1.8871 AUD
  • 10,000 Pounds are A$18,871.1937 AUD

Current  Pound to Japanese Yen Rate: 1 Pound is

  • ¥140.7431 JPY
  • 10,000 Pounds are ¥1,407,431.1181 JPY

Current  Pound to South African Rand Rate: 1 Pound is

  • R19.1256 ZAR
  • 10,000 Pounds are R191,255.8463 ZAR

Current  Pound to New Zealand Dollar Rate:

  • 1 Pound is $2.0233 NZD
  • 10,000 Pounds are $20,233.4746 NZD

 

Less Common Currencies Pairings – From GBP

  • Pound to Canadian Dollar Rate: 1 Pound is $1.6962 CAD.
  • Pound to Israeli New Shekel Rate: 1 Pound is ₪4.5885 ILS.
  • Pound to Hong Kong Dollar Rate: 1 Pound is $10.1643 HKD.
  • Pound to United Arab Emirates Dirham Rate: 1 Pound is 4.7599 AED.
  • Pound to Brazilian Real Rate: 1 Pound is R$5.3517 BRL.
  • Pound to Argentine Peso Rate: 1 Pound is $75.7018 ARS.
  • Pound to Mexican Peso Rate: 1 Pound is $24.7795 MXN.
  • Pound to Chinese Yuan Rate: 1 Pound is ¥9.1704 CNY.
  • Pound to Indian Rupee Rate: 1 Pound is R91.8531 INR.

Common Currency Pairs – From EUR

euro flag


Current Euro to Pound Rate:

  • 1 Euro is £0.8604 GBP
  • 10,000 Euro are £8,603.6625 GBP

Current Euro to US Dollars Rate:

  • 1 Euro is $1.1150 USD
  • 10,000 Euros are $11,149.7388 USD

Current Euro to Australian Dollars Rate: 1 Euro is

  • A$1.6236 AUD
  • 10,000 Euros are A$16,236.1381 AUD

Current Euro to Japanese Yen Rate:

  • 1 Euro is ¥121.0906 JPY
  • 10,000 Euros are ¥1,210,906.2285 JPY

Current Euro to South African Rand Rate:

  • 1 Euro is R16.4550 ZAR
  • 10,000 Euros are R164,550.0746 ZAR

Current Euro to New Zealand Dollar Rate:

  • 1 Euro is $1.7408 NZD
  • 10,000 Euros are $17,408.1986 NZD

 

Less Common Pairings – From Euro

  • Euro to Canadian Dollar Rate: 1 Euro is $1.4594 CAD.
  • Euro to Israeli New Shekel Rate: 1 Euro is ₪3.9478 ILS.
  • Euro to Hong Kong Dollar Rate: 1 Euro is $8.7450 HKD.
  • Euro to United Arab Emirates Dirham Rate: 1 Euro is 4.0953 AED.
  • Euro to Brazilian Real Rate: 1 Euro is R$4.6044 BRL.
  • Euro to Argentine Peso Rate: 1 Euro is $65.1313 ARS.
  • Euro to Mexican Peso Rate: 1 Euro is $21.3194 MXN.
  • Euro to Chinese Yuan Rate: 1 Euro is ¥7.8899 CNY.
  • Euro to Indian Rupee Rate: 1 Euro is R79.0273 INR.

Common Currency Pairs – From USD

 

Current US Dollar to Euro Rate:

  • 1 US Dollar is €0.8969 EUR
  • 10,000 US Dollar are €8,968.8200 EUR

Current US Dollar to Pound Rate:

  • 1 US Dollar is £0.7716 GBP
  • 10,000 US Dollars are £7,716.4700 GBP

Current US Dollar to Australian Dollars Rate:

  • 1 US Dollar is A$1.4562 AUD
  • 10,000 US Dollars are A$14,561.9000 AUD

Current US Dollar to Japanese Yen Rate:

  • 1 US Dollar is ¥108.6040 JPY
  • 10,000 US Dollars are ¥1,086,040.0000 JPY

Current US Dollar to South African Rand Rate:

  • 1 US Dollar is R14.7582 ZAR
  • 10,000 US Dollars are R147,582.0000 ZAR

Current US Dollar to New Zealand Dollar Rate:

  • 1 US Dollar is $1.5613 NZD
  • 10,000 US Dollars are $15,613.1000 NZD

 

Less Common Pairings – From USD

  • US Dollar to Canadian Dollar Rate: 1 US Dollar is €1.3089 CAD.
  • US Dollar to Israeli New Shekel Rate: 1 US Dollar is ₪3.5407 ILS.
  • US Dollar to Hong Kong Dollar Rate: 1 US Dollar is $7.8432 HKD.
  • US Dollar to United Arab Emirates Dirham Rate: 1 US Dollar is 3.6730 AED.
  • US Dollar to Brazilian Real Rate: 1 US Dollar is R$4.1296 BRL.
  • US Dollar to Argentine Peso Rate: 1 US Dollar is $58.4151 ARS.
  • US Dollar to Mexican Peso Rate: 1 US Dollar is $19.1210 MXN.
  • US Dollar to Chinese Yuan Rate: 1 US Dollar is ¥7.0763 CNY.
  • US Dollar to Indian Rupee Rate: 1 US Dollar is R70.8782 INR

Common Currency Pairs – From AUD

australia flag

Current Australian Dollar to Euro Rate:

  • 1 Australian Dollar is €0.6159 EUR
  • 10,000 Australian Dollar are €6,159.1001 EUR

Current Australian Dollar to Pound Rate:

  • 1 Australian Dollar is £0.5299 GBP
  • 10,000 Australian Dollars are £5,299.0819 GBP

Current Australian Dollar to US Dollar Rate:

  • 1 Australian Dollar is$0.6867 USD
  • 10,000 Australian Dollars are $6,867.2357 USD

Current Australian Dollar to Japanese Yen Rate:

  • 1 Australian Dollar is ¥74.5809 JPY
  • 10,000 Australian Dollars are ¥745,809.2694 JPY

Current Australian Dollar to South African Rand Rate:

  • 1 Australian Dollar is R10.1348 ZAR
  • 10,000 Australian Dollars are R101,348.0384 ZAR

Current Australian Dollar to New Zealand Dollar Rate:

  • 1 Australian Dollar is $1.0722 NZD
  • 10,000 Australian Dollars are $10,721.8838 NZD

 

Less Common Pairings – From AUD

  • Australian Dollar to Canadian Dollar Rate: 1 Australian Dollar is €0.8988 CAD.
  • Australian Dollar to Israeli New Shekel Rate: 1 Australian Dollar is ₪2.4315 ILS.
  • Australian Dollar to Hong Kong Dollar Rate: 1 Australian Dollar is $5.3861 HKD.
  • Australian Dollar to United Arab Emirates Dirham Rate: 1 Australian Dollar is 2.5223 AED.
  • Australian Dollar to Brazilian Real Rate: 1 Australian Dollar is R$2.8359 BRL.
  • Australian Dollar to Argentine Peso Rate: 1 Australian Dollar is $40.1150 ARS.
  • Australian Dollar to Mexican Peso Rate: 1 Australian Dollar is $13.1308 MXN.
  • Australian Dollar to Chinese Yuan Rate: 1 Australian Dollar is ¥4.8595 CNY.
  • Australian Dollar to Indian Rupee Rate: 1 Australian Dollar is R48.6737 INR

The “Official” Interbank Exchange Rate….

as opposed to Buy / Sell Rate(!)

The official currency exchange rate is the real mid-market price in which banks trade currency in between themselves or the central bank. What do we mean by mid-rate? Currencies trade in the same fashion as other assets, so by mid-market we mean the price of the last deal that was made (a deal is made when the ASK price meets the BID price between two parties, this case – banks).

When you’re reading the morning news, or hearing some gloom and doom story over the television, when reports would mention “the rate” they mean exactly that. The official – interbank- mid-market rate. The acceptable rate in the eyes of banks.

However, that interbank currency rate is not identical of the foreign exchange rates offered to private clients or even large corporate clients. Even the largest company using the best currency company or bank won’t get the same precise rate provided to the bank, let alone the average client using his high street bank.  In other words the best money transfer rates won’t match the interbank rate.

Live Example Using Today’s FX Rates:

£1, when converted US Dollars, equals $1.2959 USD according to the official interbank rate. When you go and shop for travel money, on average, you will see a buy quote of $1.2311 USD for each Pound you sell. When you go and compare the best currency exchange rate for transferring money abroad, you are going to see quotes in between $1.2894 USD  and $1.2571 USD  for each pound sterling you pay.

rating

As a rule of thumb you could say that

note: applicable for every single situation but rather general statements based on our 5 years of experience in the international money transfer industry.

  1. USA based banks offer worse exchange rates than banks in the UK and the EU.
  2. With banks globally, international money transfer involving foreign currency will have better exchange rate than buying cash money travel.
  3. The exchange rate will worsen the more the exotic the currency is.
  4. With money transfer companies, with the exception of companies offering fixed rate policy like Transferwise or Currencyfair, the more money is being transferred, the better the currency exchange rate is.
  5. The best money transfer exchange rate offered by money transfer providers will never be below 0.2%, and isn’t likely to be 0.5% unless there are special circumstances.

With that being said there are too many use-cases to detail in our guide, so we have created an automated widget that will enable you to calculate what money transfer fees you paid on your transfer (and analyse the results).

 

Best Currency Transfer Exchange Rate

How to Find it and What to Look for

Whether are looking for the best Pound to Euro rate, the best Pound to Euro fx exchange rate, or another pairing, there are way to consistently beat the banks and get a top notch exchange rate. In fact, our website – Money Transfer Comparison, is dedicated toward this worthwhile goal. We review currency specialists, which are bank-alternatives to foreign-currency bank-to-bank transfers. They are normally a better alternative thank banks,both in terms of service and offering the best international transfer rates, in our view.

How would you navigate through this jungle of money transfer companies all claiming to have the best rates for international money transfers? How would you make sure you are indeed transferring money abroad for cheap?

Here is are our recommendations.

Is finding the best international money transfer rates a good objective?

– Yes, and no. There reason to sidestep your bank and seek out to compare currency transfer rates is in order to discover the best exchange rate so you would pay less money on each transfer, that’s a given, but it’s not the only consideration. We think safety, security, service, level of offering, and the global reach of each company should have a major impact on your decision. If we put this plainly – FIRST you seek for a reliable company which adheres to the highest standards, and then among these companies you compare the currency rates.

Companies to use

– These are companies that have received top ratings on our website (including the exchange rate section of our review)

  • Min Transfer: £/€/$ 100
  • Currencies Supported: 39
  • Offices : UK, EU, USA, India, UAE and South Africa.
  • Client Satisfaction Rating (Aggregated):
    94.1%
  • Most Worldwide Offices
    Great Rates
    Highest Editorial Rating
  • Min Transfer: £/€ 1,000
  • Currencies Supported: 138
  • Offices : UK, Cyprus, and South Africa.
  • Client Satisfaction Rating (Aggregated):
    96.2%
  • Service Oriented
    Loved by Clients
    No Fees on Transfers
  • Min Transfer: £/€ 1,000
  • Currencies Supported: 121
  • Offices : UK, EU, Australia, Hong Kong and Singapore.
  • Client Satisfaction Rating (Aggregated):
    92.9%.
  • Large Trading Volumes
    Easy to Sign Up
    Transparent Exchange Rates

Should I sign up with a single company?

–  Signing up with such money transfer companies is easy to do, especially if you are in the UK, EU or Australia. It should only take minutes of your time. Until you sign up, the majority of companies won’t be able to quote you with a current international transfer rate. Hence, signing up with multiple companies and comparing currency transfer exchange rates in real time is recommended.

What are “honeymoon rates”

– Some companies will pull a strategy named honeymoon rates for clients who need to use their services for multiple transfers. The first transaction will have the best international money transfer rates possible (and possibly, the few next transfers to follow) and then the margin will begin widening as the rates changed. The means that if in the first transfer the company offered you the “best rate” of -0.4% below the interbank rate, the next transfer may be -0.5% and the 10th transfer may surpass the 2% margin, even. We’ve seen it happened and you should be on the lookout.

 

Analysis and prediction for the Pound Sterling

Knowing the direction of currencies can help you a great deal if your goal is to find the best money transfer rate for your international transfer. Making the trade at the right timing is crucial.

Learn More About Current FX Rates

Currency News and Weekly Forecast // This Year’s Economic Calendar

Further Read on the topic:

 

Download MoneyTransferComparion’s Currency Exchange app

 

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[…] understanding of your costs. When you have this number, you can simply compare it to the official exchange rate. If 10,000 Australian Dollars are officially 7,070 American Dollars, but you’re only getting […]

Sue

Hi, could you please give any advise to sister and I, we would be very grateful.
My sister who lives in Canada is coming home to the uk for a holiday, we are then all going to Benidorm. What we would like to know is the most economical why to change her money. Should she change her CAD to GBP then to Euro or CAD straight to Euro. I doesn’t matter about changing the money back to CAD.
We would appreciate any suggestions as we are totally confused to where all the currency is blending into one.
Thank You in advance.

Kind Regards
Sue

Hermine

Very nice article, just what I needed.

Abiodun Williams Emmanuel

Hi, I’ll like to confirm your process flow for onboarding an energy company with its operations in west Africa – Nigeria and currently have a intermediary coy based in U.K to carry out international payment on our behalf to our global suppliers I.e Trafigura and others. We currently have capacity to exchange Naira for USD quarterly between $10-40Million To support our clients i.e Total Nigeria Plc, Sahara Energy Resources Ltd, Conoil and some others. You can please check us out on http://www.sceptrumenergy.com to know much about our business. We have also identified Ebury Partners UK sometime in December 2016 to… Read more »

D

What do you think about the EUR? Sell? Hold?

Cadence

Wow, never knew the banks get such a big margin on exchange rates. I saw that different banks have different rates, but the difference from the cheapest bank rate and the interbank exchange rate it’s still huuuuge. Thanks for the info. It was eye opening..for me at least.

OWUSU ARTHUR

DEAR SIR/MADAM,
I LIVE IN DUSSELDORF AND WANT TO BECOME AN AGENT.I HAVE MY STORE OR OFFICE ALREADY TRANSFERING MONEY WITH RIA MONEY TRANSFER.I WILL BE HAPPY IF YOU REPLY ME.

ANJALI

PLS BALANCE SHEET PRIPRASATION

Jeff Magnes LLC

What is happening with the Sterling? I am following since brexit, against the dollar it is generally getting stronger until recent months, against euro it is moving up and down in the same range 1.11 to 1.15, there are contradicting projections and I am not sure whether to trade now before brexit vote in a week from now or just wait and hope for the best do you have any advice for me

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