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Top 3 Money Transfer Providers for France to UK

Provider Amount To Send Fee Exchange Rate Speed
TorFX TorFX EUR €10,000.00 No Fee 0.863 1-3 days more...
Moneycorp Moneycorp EUR €10,000.00 No Fee 0.849 1-3 days more...
OFX (UK) OFX (UK) EUR €10,000.00 No Fee 0.8609 1-3 days more...
FXcompared Country Guides
France
Being a member of the single currency eurozone, France does not apply currency controls and is completely open to foreign exchange Read More
UK
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy Read More
 

Below are the best exchange rates for euro to pound offered on FXcompared from money transfer companies that have been chosen by us, to help you make the best decision for your transfer. EUR to GBP Exchange Rate.

Top 8 Money Transfer Providers

Exchange Rates as of 26 September 2023, 15:21

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

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FXcompared Rating
Amount Received
GBP £8,630.36
No saving vs. banks

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
GBP £8,490.36
No saving vs. banks

OFX (UK)

Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

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Amount Received
GBP £8,608.62
No saving vs. banks

Corepay^

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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Amount Received
GBP £8,617.32
No saving vs. banks

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

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Amount Received
GBP £8,616.45
No saving vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

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Amount Received
GBP £8,630.36
No saving vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Amount Received
GBP £8,608.62
No saving vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Amount Received
GBP £8,617.32
No saving vs. banks

How to Exchange Euro to British Pound

Euro to Pound Exchange Rate History

The euro (EUR) and the British pound sterling (GBP) are the second and fourth most frequently traded currencies in the world, respectively, behind the US dollar (1st) and the Japanese yen (3rd). The euro was adopted as the official currency of 11 EU member states in 1999 and entered into circulation in January 2002. The single currency zone has since expanded to include 19 countries, with Lithuania the newest entry in January 2015.


Expanding economic and monetary integration in the EU has been a major factor driving regional economic growth and a strong euro in the fifteen years since its creation. However, this expansion also opens up the currency to a larger number of potentially destabilising factors, as evidenced during the recent Greek sovereign debt crisis.

Early Days: 1999-2008

While the euro to pound exchange rate (EUR to GBP) has fluctuated significantly since the turn of the century, the pound has always been the stronger of the two. Between its creation and mid-2002, the euro traded within a relatively tight band from £0.585 to £0.645, according to statistics from the European Central Bank (ECB). The euro was only used for electronic transactions until hard currency entered into circulation in January 2002, and an economic slump in Germany contributed to keep the new currency’s value low.

The euro quickly gained ground against the pound from mid-2002 onward, reaching an initial peak of £0.718 by May 2003. For the next four years, the euro’s value fluctuated between £0.65 and £0.70. The Bank of England raised interest rates in late 2006-2007 in an effort to curb inflation, which led the pound to appreciate slightly against the euro and other major currencies, including the USD.

Destabilising Downturn: 2008-2013

However, the GBP was one of currencies that was hardest hit by the global economic downturn in 2008. As the effects of the crisis spread to the British financial sector, the euro rose to a then-historic high of £0.80 to the euro and largely held there from March-October 2008. As the crisis deepened in the UK, the euro shot up to an all-time peak of £0.978 by end-December 2008, the closest the two currencies have ever come to parity.


Its gains against the pound began to erode in the next three years, as economic recession and then stagnation impacted the eurozone. In 2011, the exchange rate traded between £0.85 and £0.90. The euro briefly spiked against the pound the following year, gaining over 11% in value between July 2012 and February 2013 to reach £0.873. The ECB had intervened to ease fears about rising European debt levels, which helped to stabilise the euro and attract higher capital inflows to the EU. The UK’s economic recovery had also stalled in 2012 and early 2013, making it a less convincing “safe haven” for capital that otherwise would have gone to the eurozone.

Stronger Pound: 2013-present

The euro has consistently weakened against the pound since mid-2013, as economic recovery improved in the UK and growth stagnated in the eurozone. The euro’s decline accelerated sharply after November 2014, amid concerns that the new Greek government would default on its sovereign debt and that a European Central Bank (ECB) quantitative easing programme would worsen eurozone deflation. Meanwhile, the UK economy made solid gains. Strong wage growth and lower unemployment in the fourth quarter of 2014 helped to bolster the GBP going into the new year. By February 20th, the euro had fallen to £0.734, its lowest point in the seven years since January 2008, near the onset of the global economic downturn.

In the UK, inflation in the year through January 2015 sank to 0.3%, the lowest on record, according to an Economist report. Low inflation threatens to erode the currency’s gains in the future, but for now, the pound looks set to continue its rise against the euro. Goldman Sachs issued a forecast in late 2014 predicting that the euro will weaken against the GBP between 2015-2017 and could even return to lows not seen since 2002. The bank revised down its medium-term forecast in the November report, predicting that the euro would reach £0.65 to the pound by 2017, much lower than its previous forecast of £0.85 to the pound.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.