Do you want to find today’s foreign exchange rate for Euros? Are you looking for “official” interbank exchange rates, or is it the bank foreign exchange rates today you’re after? Do you know what the differences are between the two? Put simply, you might just be interested in the best euros exchange rate today that you can possibly achieve for bank-to-bank transfers.
GBP to Euro “Official” Rate | Avg rate by banks | Average bank fee | Average rate with a broker | Average broker fee |
---|---|---|---|---|
1.1894 EUR | 1.1537 EUR to 1.1656 EUR | £10-£15 | 1.1775 EUR to 1.1835 EUR | None |
Starting Off – Best Brokers for Euro Transfers January 2023
Most popular routes: GBPEUR, EURUSD, EURAUD, EURSGD, EURJPY. Bank to bank transfers exlusively. Rate alerts and Rate hedging tools supported.
- Large Transfers and Bespoke Service Specialists with 4.5/5 Rating on TrustPilot (5,000+ Reviews)
- Industry Leader with £10bn in Annual Turnover
- Most Global Offices in the Industry
- Personal, Friendly Service - Based in Cornwall with 100+ In-House Traders
- 95% Satisfaction from Past Customers
- Regular Market Updates
- Operating Since 1970 - First Commercial FX Firm
- Corporate FX and Hedging Specialists
- Most Consumer and Business Awards in The Industry
- 99% of its Past Clients Gave the Firm a Positive Review
- Strong Global Reach with Offices in UK, Europe, and Canada
- More than Two Decades of Experience
- Best Money Transfer Service on TrustPilot
- Smaller and More Personable than Others
- High Proficiency by Traders
- Feefo 2020 Platinum Trusted Provider
- Excellent Website and Online Flow
- Highly Professional
- Traded Publicly
- £20bn Turnover per Year
- Ultra Professional
Approximate Best Euro Exchange Rates vs Bank Exchange Rate
Forex Pair | Interbank exchange rate* | High Street Bank Exchange Rate (Estimated) ** | Recommended Provider Rate (Estimated) *** |
---|---|---|---|
Pound to Euro | 1.1894 EUR | 1.1537 EUR to 1.1656 EUR | 1.1775 EUR to 1.1835 EUR |
Euro to Pound | 0.8408 GBP | 0.8155 GBP to 0.8239 GBP | 0.8323 GBP to 0.8366 GBP |
Pound to Dollar | 1.2102 USD | 1.1739 USD to 1.1860 USD | 1.1981 USD to 1.2042 USD |
Dollar to Pound | 0.8263 GBP | 0.8015 GBP to 0.8098 GBP | 0.8180 GBP to 0.8222 GBP |
Pound to Australian Dollar | 1.7407 AUD | 1.6885 AUD to 1.7059 AUD | 1.7381 AUD to 1.7320 AUD |
Australian Dollar to Pound | 0.5745 GBP | 0.5573 GBP to 0.5630 GBP | 0.5687 GBP to 0.5716 GBP |
Pound to Swiss Franc | 1.1517 CHF | 1.1172 CHF to 1.1287 CHF | 1.1402 CHF to 1.1460 CHF |
Pound to Hong Kong Dollar | 9.4897 HKD | 9.2999 HKD to 9.2050 HKD | 9.3948 HKD to 9.4423 HKD |
Pound to UAE Dirham | 4.4451 AED | 4.3118 AED to 4.3562 AED | 4.4007 AED to 4.4229 AED |
Pound to Singaporean Dollar | 1.6723 SGD | 1.6221 SGD to 1.6388 SGD | 1.6556 SGD to 1.6639 SGD |
ANY CURRENCY | – | 2 – 3% Currency Spread | 1% to 0.5% Currency Spread |
* Current rates provided to us by external provider, updated hourly.
** Represeting a 2%-3% bank margin, which is the average bank margin in the UK for internaional currency exchanges based on our indepedent research.
*** Representing a margin of 0.5% to 1% which is the average margin our recommended providers charge for large transfers (£10,000 and up).
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Best Euro Exchange Rates for Businesses and Online Sellers:
WorldFirst‘s new pricing initiative, starting from August 2019 and effective currently is as follows:
- FX rates of 0.15% to 0.5% less than the inter-bank currency rate, for ALL CURRENCIES (meaning the euro foreign exchange rate could be as much as 99.85% of the interbank rate if velocity of your Euro exchange is high enough).
- No wire fees when transferring any currency into euro or transferring euros to anywhere in the world.
- No hidden fees, and absolute clarify on what you’re paying in fees and specifically knowing you are obtaining the best Euro exchagne rate possible.
- WorldFirst handles international bank to bank transfers exclusively.
Bottom line: This is the best FX exchange rate for bank transfers, based on our comprehensive comparison of 60+ providers. Please note the offering is strictly for business clients.
Current Best Forex EUR Rates for Bank Transfers – WorldFirst*
Forex Pair | Interbank exchange rate* | Your average bank’s rate **** | WorldFirst’s best rate (large transfes)** | WorldFirst’s min. rate*** |
---|---|---|---|---|
Pound to Euro | 1.1894 EUR | 1.1656 EUR | 1.1876 EUR | 1.1835 EUR |
Euro to Pound | 0.8408 GBP | 0.8239 GBP | 0.8395 GBP | 0.8366 GBP |
Pound to Dollar | 1.2102 USD | 1.1860 USD | 1.2084 USD | 1.2042 USD |
Dollar to Pound | 0.8263 GBP | 0.8098 GBP | 0.8251 GBP | 0.8222 GBP |
Pound to Australian Dollar | 1.7407 AUD | 1.7059 AUD | 1.7381 AUD | 1.7320 AUD |
Australian Dollar to Pound | 0.5745 GBP | 0.5630 GBP | 0.5736 GBP | 0.5716 GBP |
Pound to Swiss Franc | 1.1517 CHF | 1.1287 CHF | 1.1500 CHF | 1.1460 CHF |
Pound to Hong Kong Dollar | 9.4897 HKD | 9.2050 HKD | 9.4755 HKD | 9.4423 HKD |
Pound to UAE Dirham | 4.4451 AED | 4.3118 AED | 4.4385 AED | 4.4229 AED |
Pound to Singaporean Dollar | 1.6723 SGD | 1.6221 SGD | 1.6698 SGD | 1.6639 SGD |
ANY CURRENCY | – | 2 – 5% Currency Spread | 0.15% Currency Spread | 0.5% Currency Spread |
The advantages of using WorldFirst’s service for international bank transfers for your business –
*The interbank exchange rates on the above table and this entire website, as well as WorldFirst’s exchange rates are estimated. We rely on external software providers to get those rates, and hence, errors could occur. Before exchanging any funds be sure to check for the official exchange rate, as well as attaining get a current quote from the provider you intend to use (WorldFirst or otherwise).
** WorldFirst’s Best Exchange Rate is 0.15% spread reserved for businesses transferring more than £5m annually.
*** WorldFirst’s Min. Rate represents a 0.5% spread for businesses who need to transfer less than £500,000 annually. For businesses and individuals transferring between £500,000 and £5m, a spread of 0.25% will be applied.
**** We used 2 – 5% Currency Spread to calculate what would an average UK bank charge in term of FX costs. That is a very rough average based on up to date industry reports, but is not bank specific. Some banks are remarkably cheaper like UK’s challenger bank Starling and Virgin Bank who teamed up with WorldFirst.
More about WorldFirst
WorldFirst is a veteran money transfer company with a significant corporate FX department, owned by the massive payment company AliPay, which has consistently ranked amongst our top 3 most recommended companies on Money Transfer Comparison since the site’s inception in 2014. The firm boasts 5 office locations across the globe, employing more than 600 people, and is the recipient of many prestigious industry awards such as the Sunday Times FastTrack Top 10 and the Queen’s Award for Enterprise in International Trade.
WorldFirst is considered by our staff as the company providing the best foreign exchange rates for business bank transfers of all sizes above its minimum requirement of £1,000.
WorldFirst accepts only corporate and e-commerce clients from regions such as the UK, EU, Canada, Australia, Singapore, Hong Kong, Japan, United Arab Emirates, New Zealand and many more but does not accept American clients. If you are seeking USA money transfer companies offering the best exchange rates check out OFX or Transferwise.
If you need to get the best rate for receiving large amounts from abroad then you should consider inquiring about Multi-Currency virtual bank accounts. WorldFirst also boasts such a virtual currency account for its business clients, and it’s one of the best EUR accounts and best USD accounts as per our comparison.
Best Euro Exchange Rates for Smaller Euro Bank Transfers
If you are looking to make a small payment online, or send remittances, then you should consider using Wise (formerly TransferWise) because they have fixed GREAT fx exchange rates (whereas other companies have a system in place in which larger transfers get bigger discounts).
Currency Sent | Wise.com Fee 2021 Updated |
---|---|
AUD | 0.32% – 0.45%, depending on amount sent + $ 0.66 AUD fixed payment fee./p> |
BRL | 2.55-2.6%, depending on the amount sent + R$ 1.48 BRL fixed payment fee. |
CAD | 0.46% – 0.59%, depending on the amount sent + $ 1.77 CAD fixed payment fee. |
CHF | 0.3% – 0.43%, depending on the amount sentr + 0.58 CHF fixed payment fee. |
CZK | 0.33% – 0.45%, depending on the amount sent + Kč 6.50 CZK fixed payment fee. |
DKK | 0.31% – 0.44%, depending on the amount sent + kr 2.32 DKK |
EUR | 0.28% – 0.41%, depending on the amount sent + € 0.50 EUR fixed payment fee. |
JPN | 0.63% of the amount that’s converted + ¥ 63.00 JPY fixed payment fee. |
NZD | 0.35% – 0.49%, depending on the amount sent + $ 2.05 NZD fixed payment fee |
TRY | 0.66% Fee + ₺ 10.57 TRY fixed payment fee |
USD | 0.31% – 0.41%, depending on the amount sent + $6.25 USD fixed payment fee |