Currency Calculator

Use the currency calculator to calculate the rate of exchange.

GBP Flag

1 GBP = 1.13737 EUR

EUR Flag

1 EUR = 0.87890 GBP

Change Currencies Currency Providers

Personal Transfers - Guide To Sending Personal Funds

Transfer To
Amount to send?
FC Exchange
FCA Regualted: FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 1.126
Exchange Rate You Get: 5,630
International Foreign Exchange
FCA Regualted: FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 1.126
Exchange Rate You Get: 5,630
TorFX
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.129
Exchange Rate You Get: 5,647
World First Money Transfer
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.129
Exchange Rate You Get: 5,647
Excel Currencies
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.129
Exchange Rate You Get: 5,647
Halo Financial
FCA Regualted: FCA Regulated
Margin Rate: 1.5%
Rate Per Single Unit: 1.120
Exchange Rate You Get: 5,602
Rational FX
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 1.129
Exchange Rate You Get: 5,647
UKForex
FCA Regualted: FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 1.126
Exchange Rate You Get: 5,630
Foreign Currency Direct
FCA Regualted: FCA Regulated
Margin Rate: 0.9%
Rate Per Single Unit: 1.127
Exchange Rate You Get: 5,636
KBRFX
FCA Regualted: FCA Regulated
Margin Rate: 0.3%
Rate Per Single Unit: 1.134
Exchange Rate You Get: 5,670
Show all currency providers

Send Personal Money Transfers Payments using a currency specialist

In your area, you can have personal transfers and you can use them to send your money abroad. Keep in mind that using a company that sends cash is often more expensive than using a provider that processes online transactions. This is due to high overhead charges associated with retail chains, so they add additional fees/margins to cover the costs of operating a physical location. On the other hand, online transfer services can often charge less because they do not bear the same costs.

If you send a significant amount of cash to someone abroad, keep in mind that there are also risks associated with collecting money, and many people are not comfortable walking with a lot of cash in your pocket or purse.

There are several methods available for personal transfers to family members overseas. The top three methods used to send monetary support are rechargeable debit cards, wire transfers, and personal checks. Each of these options has its characteristics and associated costs. Before making a money transfer, it is important to explore all the choices that are available to you.

1.Re-chargeable debit cards

Re chargeable debit cards are a vehicle for transferring money across continents. This approach involves signing up with an online money transfer service that will send an ATM card to address that you specify. Once the card arrives, your family will be able to go to any ATM machine to withdraw cash in the local currency. After the initial funds are exhausted, you have the option to go online and recharge the card with the amount you desire.

Advantages:

After ATM card is received money can be transferred in a matter of seconds
Hassle Free (you can make a transfer from anywhere that you have an internet connection)
Low Transfer Fees (5 dollar fee for every 1000 USD sent)
Very Secure (Websites that have a URL starting with https use SSL technology and are the best option for safety)

Disadvantages:

Sender must have access to the internet
You are limited on the amount per transfer (Most services do not allow over 3000 dollars per transfer)

2. Wire Transfer

An international wire transfer involves sending money electronically from one bank to another. This method requires the sender to approach a bank and request money to be moved to a bank overseas. The banks communicate via the Society for Worldwide Interbank Financial Telecommunication or SWIFT system. This system ensures safety and is trusted throughout the world. The recipient of the funds must wait anywhere from a few hours to a few days until they can access the money. The banks involved also charge a relatively high fee for this service. Bank of America, the largest bank in the United States, charges a flat rate of $45 for the sending of funds.

Advantages:

Very Safe
Relatively fast transfer time
Good for sending large amounts of money

Disadvantages:

High Service Fees
Recipient must have bank close to them

3. Personal Checks:

A check is a document that orders the delivery of money to a specified person or entity. Making an overseas money transfer using this type of document requires that the sender has a checking account with a bank in their home country. The benefits of using this method are that the only costs incurred by the sender are the cost of a stamp and a check. The time that it takes for the recipient to access the funds is very long because they need to wait for the check to arrive by mail, after which they need to wait for their bank to receive overseas clearance from the sender's bank. The actual time that it takes is contingent on: the relationship between the two banks, the country where the money is received, and the currency of the check. There is also an option to draft a check in the currency of the receiving country. This ensures that losses will not be incurred due to changes in the exchange rate that occur between the drafting of the check to its realization.

Advantages:

Low cost to sender
Avoid SWIFT fees of bank transfers
Good for People who don't send money habitually

Disadvantages:

May take up to a few weeks until the recipient receives the funds
Check has potential to get lost/stolen in mail
Recipient has to have access to a bank
Some Overseas Banks charge service fees for cashing internationally drawn checks (This fee can range from 25 to 50 USD)

Sending money overseas can be a very rewarding and fulfilling experience. To ensure that maximum satisfaction is attained you should choose the system which best fits your circumstances.

Foreign Exchange New Update

Top 10 Money Transfer Companies