Finding the best pound euro exchange rate can mean having significantly more money in your pocket when you visit the continent. Here’s how to hunt down the best pound to euro exchange rate and get the best deal on your travel money.
Whether you’re jetting off to soak up some rays on the Costa del Sol, skiing in the Alps or navigating the Venetian canals, getting the best euro pound exchange rate can boost your spending power when you travel to Europe.
While the euro to pound exchange rate is constantly changing making it almost impossible to predict how the forex markets will fluctuate from one day to another, there are some golden rules you can use to make sure you find the best euro exchange rate today.
Here’s how to ensure you get the best exchange rate for euros when looking for your travel money:
What do you need?
Finding the top euro exchange rates will depend on how much you are looking to exchange and how quickly you need the money.
As a rule booking your euro sterling exchange rate in advance, either online or over the phone, will usually be much cheaper than turning up with the cash, especially if you want to exchange your money at an airport or train station.
The amount you want to exchange can also have a bearing on which provider offers the best exchange rate for euro.
For example, many providers offer an enhanced rate for money exchanges over £500, or £1,000 so you get a better sterling euro exchange rate the more you exchange.
Check the charges
As with most financial products, choosing a travel money service it isn’t simply a case of finding the company that offers the best euro exchange rates on the market.
Most online services will charge a delivery fee so even if you’ve found the best exchange rate for euros, it’s not always a guaranteed of the cheapest cost overall, especially if you want to exchange a relatively small sum (i.e under £100).
One alternative is to arrange to collect your euros in person if that option is available free of charge, however if you need to euros delivered then taking into account delivery timescales and charges is a must.
You may also be charge commission on top of your exchange rate, so make sure to factor this in to the total cost when you compare euro exchange rates as this will ensue you get an accurate reflection of the number of euros you’ll actually get in return for your GBP.
The easiest way to do this is by getting quotes from a number of different travel money services to see which offers you the most euros in return for your money.
Once you know exactly what you’re looking for, you can compare current euro exchange rate deals side by side using our euro exchange rate comparison table to find the best deal for your travel money.