Currency Calculator

Use the currency calculator to calculate the rate of exchange.

GBP Flag

1 GBP = 1.08311 EUR

EUR Flag

1 EUR = 0.92227 GBP

Change Currencies Currency Providers

The Ultimate Guide to International Money Transfers: All You Need To Know

Transfer To
Amount to send?
World First Money Transfer
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.076
Exchange Rate You Get: 5,378
FC Exchange
FCA Regualted: FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 1.072
Exchange Rate You Get: 5,361
Excel Currencies
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.076
Exchange Rate You Get: 5,378
GCEN
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.076
Exchange Rate You Get: 5,378
Rational FX
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.076
Exchange Rate You Get: 5,378
UKForex
FCA Regualted: FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 1.072
Exchange Rate You Get: 5,361
Currencyfair
FCA Regualted: FCA Regulated
Margin Rate: 2%
Rate Per Single Unit: 1.061
Exchange Rate You Get: 5,307
Western Union
FCA Regualted: FCA Regulated
Margin Rate: 4%
Rate Per Single Unit: 1.040
Exchange Rate You Get: 5,199
Currency Solutions
FCA Regualted: Not FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 1.072
Exchange Rate You Get: 5,361
Remit2India
FCA Regualted: Not FCA Regulated
Margin Rate: 5%
Rate Per Single Unit: 1.029
Exchange Rate You Get: 5,145
Show all currency providers

Send One Off International Payments

Whether you are working abroad, own properties overseas, or you plan to start making regular money transfers abroad for various reasons, you probably want to know about everything that goes into money transfer and exactly how to do it. Different institutions offer different charges for money transfer and if you are not careful, you might end up losing a lot of your hard earned money in hidden charges and too-high exchange rates. 

 

What Hidden Charges Should You Beware Of?

Regardless of where you currently live and what bank account you have set up, you should know that most banks offer very poor exchange rates. They also levy a wide variety of hidden charges. Now, when making international payments, there are usually two areas you need to know about:

· The fees

· The exchange rates

When you start comparing different companies to choose the best one, these are the two important things you need to consider before anything else. If you want to get the most out of your money, you need to ask how much money you will get after all the charges. The exchange rate you see, is the rate banks and brokers buy and sell the currencies to one another. Keep in mind that exchange rates tend to change quite frequently so compare companies one at a time.

 

How Do They Calculate Exchange Rates?

· There are different factors that determine this:

· The amount of money you intend to transfer

· The time-frames- How soon you intend to exchange the money

· The currency you want to buy and sell

· The volatility of those currencies

· The exchange rate level at the time of exchange

 

How Do You Find The Best Deal?

If you intend to make large amounts of bank-to-bank international transfers, it would be best if you compare the bank rates to those of currency specialists.

Top reasons most people make international money transfers include:

· Small one-off transfers, to top up an overseas bank account, to transfer the money to family members overseas etcetera

· Regular money transfers, mortgage payments, pension transfers, salary transfers etcetera

· Large purchases of shares, stocks, property, cars or boats overseas etcetera

 

Will I Save If I Use a Currency Specialist Instead of The Bank?

If you use a currency specialist, you are bound to benefit and save by about 4%. You need to keep in mind that due to the fact that banks have branch networks, they need to change their rates one or two times a day. Now, in order for them to actually make profits, wheat they do is increase their spreads in order to allow intraday exchange rates volatility. A specialist will give you access to live rates and this will save you money.

How Fast Will The Transfer Be If You Use A Specialist?

When you use a currency company, you avoid using international banking fees as well. Banking fees vary from bank to bank but apart from that, your money will get there a lot faster. In most cases, you find that transfers through specialist are free and they are done within one or two working days, which will depend on the destination of the money.

How Important Is Timing?

Depending on what amount of money you are transferring, timing is very important, especially if the amount is large. Most people don’t really pay attention to what they can save when transferring and they assume there is nothing they can do. However, there is something you can do. You should maximize the timing and minimize the risk of the exchange rate getting worse, which will only make your money worth less. 

 

How Do You Choose A Currency Specialist?

· There are a few things you need to consider if you want to choose a currency specialist:

· How long they have been in business

· If they are authorized accordingly

· If they are registered as an overseas money transfer company

· If they hold clients funds in segregated client trust accounts

· If they have audited accounts on their website

· How strong their balance sheet is

· Do they have indemnity insurance to protect from staff fraud

· The number of staff they have

· Do they have a direct access to SWIFT, which is the largest payments and settlements network for international as well as domestic traders worldwide. 

What's the press saying about Compare Money Transfer Ltd?

Top 10 Money Transfer Companies