GBP
EURTransfer Money from United Kingdom to Spain
Compare live GBP to EUR rates from 7 FCA-regulated providers.
1 GBP = 1.1490 EUR
Send 1,000 GBP
Best rate: 1,145.86 EUR
via Currencies Direct (0.27% margin)
They receive approximately
EUR 1,148.96
At mid-market rate. Provider rates shown below.
1.1459
via Currencies Direct
Seconds - 2 hrs
via Wise
None
via Currencies Direct
£56
vs typical UK bank
Compare GBP to EUR Providers
Sending 1,000 GBP to Spain. Rates are indicative and based on each provider's typical margin from the mid-market rate.
Currencies Direct
Top rated for this transferFee & Exchange Rate
You receive
EUR 1,145.86
Key Currency
Fee & Exchange Rate
You receive
EUR 1,145.51
TorFX
Fee & Exchange Rate
You receive
EUR 1,145.17
XE
Fee & Exchange Rate
You receive
EUR 1,145.74
OFX
Fee & Exchange Rate
You receive
EUR 1,144.82
Wise
Fee & Exchange Rate
You receive
EUR 1,148.38
Western Union
Fee & Exchange Rate
You receive
EUR 1,137.60
How we calculate rates: We show each provider's indicative exchange rate based on their typical margin from the live mid-market rate (1.1490 EUR per GBP). Providers marked with an info icon offer bespoke quotes -- your actual rate may differ. We earn commissions when you use providers through our links. Read our editorial policy.
GBP/EUR Exchange Rate Analysis
Rate trends, provider comparison, and cost breakdown for your 1,000 GBP transfer.
GBP/EUR Rate History (30 Days)
Mid-market rate trend. Current rate: 1.1490
Provider Comparison (EUR Received)
How much EUR you receive from each provider. Grey bar = perfect mid-market rate (no margin).
Cost Breakdown: Currencies Direct
Total cost of this transfer: 0.27% of the mid-market value
Is Now a Good Time to Transfer GBP to EUR?
How today's rate compares to the 12-month trend
12-Month Trend
The GBP/EUR rate is close to the 12-month average. There's no strong signal to rush or wait.
Past performance does not indicate future rates. Exchange rates are affected by interest rate decisions, inflation data, political events, and market sentiment. This is for informational purposes only, not financial advice.
Deep Dive: Cost & Speed Analysis
Detailed breakdowns to help you choose the best provider for your transfer
Bank vs Specialist Savings
How much more EUR you get using Currencies Direct vs a typical UK bank
1,081.03 EUR
Rate: 1.1087 + £25 fee
1,145.86 EUR
Rate: 1.1459 + no fee
Bank estimate based on typical UK high-street bank margin of 3.5% and £25 transfer fee. Actual bank costs vary. This is for illustrative purposes only.
Delivery Speed to Spain
Estimated time for your transfer to arrive, from fastest to slowest
Cost by Transfer Amount
Total cost (in GBP) at different transfer sizes. Lower is better. Providers with flat fees become more competitive on larger amounts.
Key insight: Currencies Direct has zero fees and a tight margin, making it consistently competitive across all amounts. For transfers over £50,000, contact providers directly for a bespoke rate — it's nearly always better than the online price.
How to Transfer GBP to EUR
Compare Rates Above
Use the provider cards above to see how much EUR you'll receive for your GBP. The live mid-market rate is 1.1490 -- providers typically charge 0.05%-0.80% below this.
Create an Account
Sign up with your chosen provider. You will need valid photo ID and proof of address. Most providers verify you within minutes.
Send Your Transfer
Enter the amount in GBP, add your recipient's bank details in Spain, and confirm. Funds typically arrive within 1-2 hours via SEPA.
Learn More
How Transfers Work
SWIFT, correspondent banking, and settlement explained.
Mid-Market Rate Guide
What the mid-market rate is and why it matters.
Forward Contracts
Lock in today's rate for up to 24 months ahead.
FCA Regulation Guide
Why regulation matters for your transfers.
Hidden Costs of Transfers
How banks hide fees in exchange rate markups.
Buying Property Abroad
Currency management for overseas real estate.
All Provider Reviews
In-depth expert reviews of every listed provider.
Compare All Rates
Back to the homepage to compare a different corridor.
Key Facts: GBP to EUR Transfers
Payment Network
SEPA (Single Euro Payments Area)
Typical Speed
1-2 hours via SEPA Instant
Currency Symbol
€ (EUR)
IBAN Required
Yes -- all Eurozone banks use IBAN
Banking & Payment Details for Spain
Spain uses the SEPA payment network, which means transfers from the UK typically arrive within 1-2 hours if sent via SEPA Instant, or 1 business day via standard SEPA. You will need your recipient's IBAN (International Bank Account Number) and BIC/SWIFT code. Most specialist providers send via SEPA by default, giving you faster and cheaper transfers than a SWIFT wire through a high-street bank.
Tips for Sending GBP to Spain
SEPA transfers to Spain are significantly cheaper than SWIFT -- always check your provider uses SEPA for EUR payments.
The GBP/EUR pair is one of the most liquid in the world, so spreads are tight. Expect margins under 0.4% from specialist providers.
If you're buying property in Spain, consider a forward contract to lock in today's rate for up to 2 years.
Sending over £5,000? Call your provider for a bespoke rate -- it's nearly always better than the online price.
Regulatory & Tax Considerations
Key rules and thresholds when transferring money between United Kingdom and Spain
UK FCA Authorisation Required
All money transfer providers operating in the UK must be authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution or Electronic Money Institution. Every provider in our comparison holds an active FCA authorisation. You can verify this at register.fca.org.uk.
UK: Transfers Over £10,000
UK money transfer providers are required to collect additional information for transfers over £10,000 under the Money Laundering Regulations 2017. You may need to provide proof of source of funds (e.g. payslip, sale contract, bank statement). This is standard compliance -- not a sign of a problem.
Capital Gains on Currency Movements
If you hold a foreign currency balance and the exchange rate moves in your favour before converting back to GBP, any gain over the annual exempt amount (£3,000 for 2024/25) may be subject to Capital Gains Tax. This primarily affects people holding large amounts in foreign accounts.
EU Payment Services Directive (PSD2)
Spain operates under PSD2, which ensures your transfer has strong customer authentication and transparent fees. SEPA regulations also cap interbank fees, keeping costs low for Euro transfers.
Property Purchases in Spain
If transferring GBP to buy property in Spain, be aware of local property purchase taxes (e.g. ITP in Spain at 6-10%, or notaire fees in France). The transfer itself is not taxed, but the underlying transaction may have tax implications in both countries.
This is general information only and does not constitute legal, tax, or financial advice. Consult a qualified professional for advice specific to your circumstances.
GBP to EUR Transfer FAQs
We're a comparison service, not financial advisors. The information above is for general guidance only. See our terms for full details.
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