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

Current Pound to Euro Rate:

• 1 Pound is €1.1219 EUR
• 10,000 Pound are €11,219.4378 EUR 

Current  Pound to US Dollars Rate:

• 1 Pound is $1.2560 USD
• 10,000 Pounds are $12,559.6111 USD 

Current  Pound to Australian Dollars Rate:

• 1 Pound is A$1.8267 AUD
• 10,000 Pounds are A$18,266.9495 AUD

Current  Pound to Japanese Yen Rate: 1 Pound is

• ¥136.1776 JPY
• 10,000 Pounds are ¥1,361,775.8285 JPY

Current  Pound to South African Rand Rate: 1 Pound is

• R18.2391 ZAR
• 10,000 Pounds are R182,390.6717 ZAR

Current  Pound to New Zealand Dollar Rate:

• 1 Pound is $1.9247 NZD
• 10,000 Pounds are $19,246.5992 NZD

Less Common Currencies Pairings – From GBP

• Pound to Canadian Dollar Rate: 1 Pound is $1.6808 CAD.
• Pound to Israeli New Shekel Rate: 1 Pound is ₪4.5348 ILS.
• Pound to Hong Kong Dollar Rate: 1 Pound is $9.8357 HKD.
• Pound to United Arab Emirates Dirham Rate: 1 Pound is 4.6133 AED.
• Pound to Brazilian Real Rate: 1 Pound is R$4.8476 BRL.
• Pound to Argentine Peso Rate: 1 Pound is $54.5646 ARS.
• Pound to Mexican Peso Rate: 1 Pound is $24.0243 MXN.
• Pound to Chinese Yuan Rate: 1 Pound is ¥8.6703 CNY.
• Pound to Indian Rupee Rate: 1 Pound is R87.2642 INR.

Common Currency Pairs – From EUR

Current Euro to Pound Rate:

• 1 Euro is £0.8913 GBP
• 10,000 Euro are £8,913.1026 GBP

Current Euro to US Dollars Rate:

• 1 Euro is $1.1195 USD
• 10,000 Euros are $11,194.5102 USD

Current Euro to Australian Dollars Rate: 1 Euro is

• A$1.6282 AUD
• 10,000 Euros are A$16,281.5195 AUD

Current Euro to Japanese Yen Rate:

• 1 Euro is ¥121.3765 JPY
• 10,000 Euros are ¥1,213,764.7698 JPY

Current Euro to South African Rand Rate:

• 1 Euro is R16.2567 ZAR
• 10,000 Euros are R162,566.6773 ZAR

Current Euro to New Zealand Dollar Rate:

• 1 Euro is $1.7155 NZD
• 10,000 Euros are $17,154.6913 NZD

Less Common Pairings – From Euro

• Euro to Canadian Dollar Rate: 1 Euro is $1.4981 CAD.
• Euro to Israeli New Shekel Rate: 1 Euro is ₪4.0419 ILS.
• Euro to Hong Kong Dollar Rate: 1 Euro is $8.7667 HKD.
• Euro to United Arab Emirates Dirham Rate: 1 Euro is 4.1119 AED.
• Euro to Brazilian Real Rate: 1 Euro is R$4.3207 BRL.
• Euro to Argentine Peso Rate: 1 Euro is $48.6340 ARS.
• Euro to Mexican Peso Rate: 1 Euro is $21.4131 MXN.
• Euro to Chinese Yuan Rate: 1 Euro is ¥7.7279 CNY.
• Euro to Indian Rupee Rate: 1 Euro is R77.7795 INR.

Common Currency Pairs – From USD

Current US Dollar to Euro Rate:

• 1 US Dollar is €0.8933 EUR
• 10,000 US Dollar are €8,932.9500 EUR

Current US Dollar to Pound Rate:

• 1 US Dollar is £0.7962 GBP
• 10,000 US Dollars are £7,962.0300 GBP

Current US Dollar to Australian Dollars Rate:

• 1 US Dollar is A$1.4544 AUD
• 10,000 US Dollars are A$14,544.2000 AUD

Current US Dollar to Japanese Yen Rate:

• 1 US Dollar is ¥108.4250 JPY
• 10,000 US Dollars are ¥1,084,250.0000 JPY

Current US Dollar to South African Rand Rate:

• 1 US Dollar is R14.5220 ZAR
• 10,000 US Dollars are R145,220.0000 ZAR

Current US Dollar to New Zealand Dollar Rate:

• 1 US Dollar is $1.5324 NZD
• 10,000 US Dollars are $15,324.2000 NZD

Less Common Pairings – From USD

• US Dollar to Canadian Dollar Rate: 1 US Dollar is €1.3383 CAD.
• US Dollar to Israeli New Shekel Rate: 1 US Dollar is ₪3.6106 ILS.
• US Dollar to Hong Kong Dollar Rate: 1 US Dollar is $7.8313 HKD.
• US Dollar to United Arab Emirates Dirham Rate: 1 US Dollar is 3.6731 AED.
• US Dollar to Brazilian Real Rate: 1 US Dollar is R$3.8597 BRL.
• US Dollar to Argentine Peso Rate: 1 US Dollar is $43.4445 ARS.
• US Dollar to Mexican Peso Rate: 1 US Dollar is $19.1282 MXN.
• US Dollar to Chinese Yuan Rate: 1 US Dollar is ¥6.9033 CNY.
• US Dollar to Indian Rupee Rate: 1 US Dollar is R69.4800 INR

Common Currency Pairs – From AUD

Current Australian Dollar to Euro Rate:

• 1 Australian Dollar is €0.6142 EUR
• 10,000 Australian Dollar are €6,141.9329 EUR

Current Australian Dollar to Pound Rate:

• 1 Australian Dollar is £0.5474 GBP
• 10,000 Australian Dollars are £5,474.3678 GBP

Current Australian Dollar to US Dollar Rate:

• 1 Australian Dollar is$0.6876 USD
• 10,000 Australian Dollars are $6,875.5930 USD

Current Australian Dollar to Japanese Yen Rate:

• 1 Australian Dollar is ¥74.5486 JPY
• 10,000 Australian Dollars are ¥745,486.1732 JPY

Current Australian Dollar to South African Rand Rate:

• 1 Australian Dollar is R9.9847 ZAR
• 10,000 Australian Dollars are R99,847.3618 ZAR

Current Australian Dollar to New Zealand Dollar Rate:

• 1 Australian Dollar is $1.0536 NZD
• 10,000 Australian Dollars are $10,536.2963 NZD

Less Common Pairings – From AUD

• Australian Dollar to Canadian Dollar Rate: 1 Australian Dollar is €0.9201 CAD.
• Australian Dollar to Israeli New Shekel Rate: 1 Australian Dollar is ₪2.4825 ILS.
• Australian Dollar to Hong Kong Dollar Rate: 1 Australian Dollar is $5.3844 HKD.
• Australian Dollar to United Arab Emirates Dirham Rate: 1 Australian Dollar is 2.5255 AED.
• Australian Dollar to Brazilian Real Rate: 1 Australian Dollar is R$2.6538 BRL.
• Australian Dollar to Argentine Peso Rate: 1 Australian Dollar is $29.8707 ARS.
• Australian Dollar to Mexican Peso Rate: 1 Australian Dollar is $13.1518 MXN.
• Australian Dollar to Chinese Yuan Rate: 1 Australian Dollar is ¥4.7464 CNY.
• Australian Dollar to Indian Rupee Rate: 1 Australian Dollar is R47.7716 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.

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
• Currencies Direct Review

Free Instant Quote

• 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
• Global Reach Review

Free Instant Quote

• 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
  Best Rate Guarantee UK
• World First Review

Free Instant Quote

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:

• More on 2019’s FX volatility predictions.
• More on 2019’s riskiest currencies to hold.
• More about planned events in economy here.
• More about historical events that impacted currency here.
• More on how international money transfers work here.
• More on the underlying mechanism of international payments here.
• More on how economy impacts the currency exchange rate here.
• More on recent events via our Best Currency Blog Awards.
• More on the best companies on our homepage.
• More on the pros and cons of technical advantages.

 Image Credit:

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