Have you been keeping up with the latest exchange rates between the pound and the euro? If not, you’re in luck because we’ve got all the information you need right here.
The Latest Rates
As of today, the exchange rate between the pound and the euro stands at 1 pound equalling approximately 1.16 euros. This means that if you were to exchange 2000 pounds, you would receive roughly 2320 euros.
Recently, the pound has been on a bit of a rollercoaster ride against the euro. In October of 2017, the pound reached a 15-month high against the euro, with 1 pound being worth 1.14 euros.
However, just a few weeks later, the pound tumbled against the euro due to the Catalonian independence referendum in Spain. In November of 2017, the pound reached a low of 1 pound being worth 1.11 euros.
More recently, the pound has been on an upswing, with the exchange rate reaching a three-week high in November of 2021.
Tips for Exchanging Currency
If you’re planning on exchanging currency, there are a few things you should keep in mind:
- Do your research beforehand to make sure you’re getting the best rate possible
- Avoid exchanging currency at airports or hotels, as they tend to offer less favourable rates
- If possible, use a credit or debit card that doesn’t charge foreign transaction fees to avoid extra costs
- Consider using a currency exchange specialist rather than a bank, as they often offer better rates and fewer fees
While the exchange rate between the pound and the euro can be volatile at times, keeping up with the latest developments and staying informed can help you make the most of your currency exchanges.
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