Today's Best Euro / U.S. Dollar Exchange Rate is 1.1372
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 1.1332, and the most competitive travel money / cash rates start at approximately 1.1270.
Live rate: 1 EUR = 1.1372 USD (+0% )
Inverted: 1 USD = 0.8794 EUR
Click here to see all travel and holiday rate providers.
Comparison Results:
| Provider | Exchange Rate | Fee | You Get | Service | Notes | Action |
Live Market Rate | 1.1372 | 0 | 1.1258 | |||
 | 1.1332 (indicative) | 0 | 1.1332 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 1.1292 (indicative) | 0 | 1.1292 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 1.1270 | 0 | 1.1270 | Holiday FX, Cash Delivery | A specialist alternative to banks, bureau de change & the Post Office for clients seeking competitive currency exchange rates. A multiple award-winning company, offering free delivery (over £700.00), no commission charges, payment by Debit Card or Bank Transfer and typically offering the best exchange rates available. | |
Best Bank Rate  | 1.1054 (upper range) | Variable | 1.1054 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 1.0974 (lower range) | Variable | 1.0974 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 1.0860 | 0 | 1.0860 | International Payments and Transfers |
Ranking Snapshot
Horizon Currency
payments
Wise
payments
Revolut
payments, cash
Global Reach
payments
Travel FX
holiday cash
Covent Garden FX
holiday cash
Moneycorp
payments
Tesco
cash
Post Office
cash
HSBC
representative of high street bank rates
About the rankings
How to Get the Cheapest Money Transfers
Is This Comparison Data Reliable?
Pound Sterling Live is plugged into several provider APIs. An API telegraphs data directly from the broker to our website in the form of an electronic feed.
This is as accurate as anyone can get.
However, some providers only give a ballpark costing on their FX spreads, which we affix to the market rate. This is because they would like to retain a degree of flexibility. In these instances, we use the mean spread they offer and subtract this from the live market rate. This is ascertained by watching the provider, conducting independent surveys and asking them directly.
Always Ask for the Best Rate the Broker Can Offer
With brokers that look to maintain flexibility, you must push them for the best rates they can offer.
Providers like Horizon Currency already advertise highly competitive rates, whereas others such as Moneycorp, TorFX, Currencies Direct and Lumon start out 'wide' and can be negotiated lower.
When using these traditional payment brokers, speak to someone and ask them for a lower rate. Just a word of advice: they are more likely to give you a lower fee if you have a substantial amount of money. Obviously, your bargaining power is vastly reduced if you have less money to send.
Don't be afraid to haggle.
Can I Negotiate Better Rates with Wise and Revolut?
No. It is not possible to negotiate for better rates with the big fintechs like Wise and Revolut, as these are large 'fintechs' that rely on automated processes to serve large numbers of clients. This means rates are fixed and adjusted periodically.
What is the fee?
Some providers offer the live market rate for transactions but charge a percentage fee. This means the more you send, the more the provider earns off the transaction. This is something that Wise pioneered and marketed as a measure to be more transparent. From a marketing perspective, it was a stroke of genius and launched a multi-billion pound company.
Ultimately, though, it's just another way of charging, and our comparison module shows this, confirming why you should always view the "recipient gets" amount to get a rounded cost.
The recipient exchange rate reflects the true cost of transfers by accounting for how popular fintech companies make their money by applying a percentage-based sliding fee
What is the FX Charge?
The FX charge is the 'spread' on the exchange rate offered by the provider.
In the context of exchange rates, the term 'spread' refers to the difference between the bid price and the ask price quoted by a currency broker or exchange. These prices are:
Bid Price: The price at which the broker is willing to buy a currency from you.
Ask Price: The price at which the broker is willing to sell the currency to you.
The spread is essentially the broker's profit margin for facilitating the exchange. It is calculated as:
Spread = Ask Price − Bid Price
For example:
If the bid price for GBP/EUR is 1.2000 and the ask price is 1.2050, the spread is 0.0050 (or 50 pips, in forex trading terminology).
Key Points About Spreads
Impact of Liquidity: Currencies with higher market liquidity (like USD, EUR, JPY and GBP) tend to have lower spreads because they are traded more frequently. Exotic or less-traded currencies typically have higher spreads.
Costs to Traders: For traders or consumers, the spread represents a cost. If you were to buy a currency and immediately sell it back, you would lose the value of the spread.
Variable Spreads: Spreads can vary depending on market conditions, such as volatility, economic news, or market hours.
Fixed vs. Floating Spreads: Some brokers offer fixed spreads (constant regardless of market conditions) while others offer floating spreads (which can change based on market dynamics).
Understanding spreads is crucial for working out transfer costs for businesses conducting international transactions, individuals sending money and travellers exchanging currency, as it directly affects the cost of currency exchange.
If I want to transfer money, why should I look at the spread?
When transferring money internationally, looking at the spread is essential because it directly affects how much money your recipient will receive and how much the transaction will cost you. Here's why the spread matters:
1. Hidden Costs
The spread is effectively the fee that currency exchange services, banks, or money transfer providers charge for facilitating the transfer. Even if a provider advertises "no fees," they often include their profit margin in the spread. A wider spread means higher costs for you, even if it isn't explicitly stated as a "fee."
2. Exchange Rate Quality
Providers with narrower spreads usually offer better exchange rates. For example:
If the interbank (market) exchange rate for USD to EUR is 1.2000:
A provider with a tight spread might offer 1.1990 (bid) and 1.2050 (ask).
A provider with a wide spread might offer 1.1900 (bid) and 1.1200 (ask). The wider spread means you'll get fewer euros for your pounds.
3. Maximizing Value
When transferring large amounts, even a small difference in the spread can result in significant cost savings. For example:
If you're transferring £10,000 and the spread causes a difference of 0.01 in the exchange rate, the cost difference would be £100.
4. Comparing Providers
Looking at the spread helps you compare money transfer services. Some providers may offer low upfront fees but compensate with wide spreads, making the total cost higher. Others may have narrower spreads but charge explicit fees. Comparing both factors ensures you get the best deal.
5. Volatility Awareness
In volatile markets, spreads tend to widen. Monitoring the spread can help you decide when to make the transfer, as doing so during calmer periods might save you money.
