The Euro rates below were last updated 1 minute ago
If you're travelling to Europe soon you'll want to get the best deal on your Euros. Our free comparison service compares the best Euro rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 27 suppliers selling Euros in the UK with exchange rates ranging from 1.2306 to 1.2818.
But wait, it gets better! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Euro exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
The Euro is the standard unit of currency used in the European economic and monetary union colloquially referred to as the Eurozone. It is the second most traded currency in the world after the US Dollar; and is used by more than 330 million people on a daily basis. With over €800bn in circulation, the Euro has the highest combined value of banknotes and coins in the world, the second largest currency reserves in the world, and supports over 10 additional smaller currencies that are pegged to it by means of a fixed exchange rate.
In July 2013 Croatia became the 28th member of the European Union but they have not joined the Euro. If you are planning on visiting Croatia you will still need to buy Croatian Kuna.
Euros are issued and managed by the European Central Bank based in Frankfurt and a collection of Eurozone central banks known as the Eurosystem. Although most EU member states are obliged to adopt the Euro as their national currency, there are some notable exceptions. These include the United Kingdom and Denmark who negotiated exemptions and Sweden who opposed the Euro and deliberately failed to meet the monetary requirements needed to adopt it.
Euros are stocked by every bureau de change and currency house in the UK. This means competition is strong and exchange rates can be very competitive, so it is wise to compare rates online before you buy. Because competition is so high the profit margins can be very slim and this means that some suppliers are only available over certain limits, £700 for example. Other currencies are not always held in stock so you would have to order them in. Our statistics show that the average order value for Euros is around £1016 (€1,098 as of 18th November 2013 and based on the data from 1st of August to 31st of October, 2013), but the most common amount taken on holiday by Brits is nearer £500 (€586).
18 of the 28 member states of the European Union accept Euros as their main currency which includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Lativa, Luxembourg, Malta, The Netherlands, Portugal, Slovakia, Slovenia and Spain, with Lithuania set to adopt the Euro from 1st January 2015. In addition to the above there are five other countries in Europe whom also have monetary agreements to accept the Euro as their main currency which includes Andorra, Monaco, San Marino, Vatican City and Montenegro who have no official agreement but do accept the Euro.
If you are a British passport holder you do not need a visa to enter any of the countries listed above provided your stay is for less than 90 days. If you wish to stay for longer than 90 days or would like to apply for a work permit you should check with the embassy of the country you are visiting for any visa and entry requirements.
If you are travelling to Ireland you do not need a passport as Ireland is included in the common travel area of the UK but you should still take adequate photographic identification with you.
If you are travelling to San Marino they have slightly different rules on entry requirements. If you are staying for less than 20 days, your hotel or host will need to report your stay to the local Foreigners Office. If you are staying for longer than 20 days you must apply for a tourism or a work permit depending on your circumstances.
For more country-specific information on travelling and entry requirements, see the UK Foreign and Commonwealth Office website.
Over the past week the Euro has dropped by 1.40% from last Wednesday's rate of 1.29999995 to today's rate of 1.2818 which means £750 will buy you €13.65 less now than it would have a week ago. During this period the best rate we recorded was 1.29999995 on Wednesday and the worst rate was 1.27999997 on Saturday.
The 90 day outlook has seen the Euro rate drop by 7.85% from 1.3910 on 12th November 2015 to 1.2818 today. Based on these figures, £750 would have bought you €81.90 more three months ago that it would have today. We recorded a high rate of 1.4085 on 18th November 2015 and a low rate of 1.27999997 on 6th February 2016.
Compare Holiday Money are partners of the Foreign & Commonwealth Office Know Before You Go campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens is at risk.
Updated: 5th February 2016
Latest update: this advice has been reviewed and re-issued without amendment
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