Compare Exchange Rates:
Know What the Best Exchange Rate Looks Like
Benchmark the exchange rate market with Pound Sterling Live's custom currency rate comparison tool with built-in algorithms to find the best rates in the market.
Why
Banks and financial institutions buy and sell currency from each other - these sizeable institutions are 'the market' and the rate they transact at is the 'market rate'. The difference between how much a currency is purchased and sold is the spread, which is essentially the difference between the buy and sell price.
But, when currency is sold by banks to retail customers that spread widens significantly and the profit on the transaction is therefore substantially larger.
Therefore when we focus on the transfer fee when sending money abroad we often miss the biggest cost: the exchange rate spread.
Foreign exchange providers have essentially recognised this and they enter the market to transfer money at tighter spreads, thereby saving potentially significant amounts of money for their clients simply by providing better exchange rates.
For example, the transfer of £100K into euros is expected to attract a rate that delivers between €112,480 and €113,296 with the UK's leading high street banks. But FCA authorised providers will provide a rate that delivers between €115,510 and €115,740 (using rates on 05/07/21).
Taking the time to work with a FCA regulated currency provider could therefore result in the delivery of an extra euros amount of between €2444 and €3030.
Safety is Everything
Pound Sterling Live only works with foreign exchange payment companies that are FCA Authorised. This is important: FCA regulations and oversight requires the money they transfer on your behalf to be protected through a process known as 'safeguarding'. Safeguarding requires the payments company to keep your money separate from their own money in a top-tier bank. Therefore if the provider comes under stress your money should be protected.
FAQs
The best euro exchange rate right now is 1.1673 from Travel FX. This is based on a comparison of 17 currency suppliers and assumes you were buying £750 worth of euros for home delivery.
Who has the best pound to Euro exchange rate? ›
The best euro exchange rate right now is 1.1673 from Travel FX. This is based on a comparison of 17 currency suppliers and assumes you were buying £750 worth of euros for home delivery.
What is the best day to exchange GBP to Euro? ›
There is no best day of the week to buy Euro as currency markets are complex and volatile, with many external and unexpected factors. You should buy Euro when you are happy with the rate, on a day that is convenient for you.
What is the best pound to dollar exchange rate today UK? ›
How much is 1 pound to 1 Euro today? ›
Where can I purchase euros at the best rate? ›
Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges.
What is the cheapest way to buy euros? ›
What is the cheapest way to get euros in the US? You'll need to compare exchange rates and fees for your bank with currency exchange services such as CXI. But a travel card such as the Wise international debit card can be a cheaper option, offering low fees and fairer, margin-free exchange rates.
Is it better to get Euros before going to Europe from UK? ›
If you do want to wait until you arrive in Europe to get your euros, a word of caution. It's not usually a good idea to exchange currency at the airport, or even at your hotel. These places are definitely convenient, but you're likely to pay a premium for it. Commission fees can be high and exchange rates unfavorable.
Where is the best place to exchange currency before going to Europe? ›
Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.
What day of the week is exchange rate lowest? ›
Best day of the week to exchange currency
According to data from WeSwap and The Telegraph, you'll generally enjoy the best currency exchange rates on Fridays and Saturdays. Currency can fluctuate throughout the day too, with the morning or late afternoon cited as the best times to buy.
Download Our Currency Converter App
| Conversion rates US Dollar / British Pound Sterling |
|---|
| 100 USD | 75.70310 GBP |
| 250 USD | 189.25775 GBP |
| 500 USD | 378.51550 GBP |
| 1000 USD | 757.03100 GBP |
8 more rowsIt could be more beneficial to buy your dollars in the UK rather than when when you arrive in the US. This is because the pound-to-dollar exchange rate in the UK is can be better than some of the rates offered by providers in America.
Who is offering the best exchange rate for dollars? ›
What is the best US dollar exchange rate? The best US dollar exchange rate right now is 1.3074 from Travel FX. This is based on a comparison of 15 currency suppliers and assumes you were buying £750 worth of US dollars for home delivery.
Who is offering the best Euro exchange rate? ›
Horizon Currency comes out tops with today's Euro rate quoted at 1.1791 for international payments. Those who want a good travel money rate will find TravelFX the most competitive at 1.1662.
What is the best day of the week to buy Euros? ›
“Typically, Monday through to Thursday is the best time to buy your euros, as these are the least busy days for transfers, so you might see a little less fluctuation in the mid-market rate over these days.
Is the Euro going up or down against the pound? ›
The exchange rate for British pound sterling to Euros is currently 1.187 today, reflecting a 0.149% change since yesterday. Over the past week, the value of British pound sterling has remained relatively stable, with a 0.048% increase compared to its value 7 days ago.
Is it better to choose pounds or Euros? ›
So if you're in France, pay in euros, if you're in the United States, pay in US dollars. Choosing to pay in pounds sterling could end up costing you more. That's because you're at the mercy of the retailer's exchange rate, which is likely to be far less favourable than your card provider's.
What is the average pound to Euro rate? ›
GBP to EUR historical rates
| Date | 1 GBP= |
|---|
| December 31, 2021 | 1.162995 |
| December 31, 2022 | 1.173295 |
| December 31, 2023 | 1.149226 |
| September 11, 2024 | 1.172738 |
23 more rowsWhen the UK government is seen as stable, the pound tends to appreciate against the euro. Conclusion: The relative strength of the pound and the euro is constantly changing. There is no single factor that can definitively determine which currency is stronger.
Is the pound going to get stronger against the Euro? ›
Medium-term Outlook: Will the Pound Strengthen or Fall Against the Euro in the Coming Weeks or 3-6 Months? In three months, the Pound-Euro exchange rate is expected to be at 1.18. In six months the projected rate is at 1.1757.
