Check out our Euro exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the Euro

The euro is a very new form of currency that was officially established in 2002, although the idea behind this universal money has been around since the 1950s. The euro, also denoted as EUR, is the currency used by the 12 members of the European Union (Germany, Austria, Greece, Spain, Ireland, France, Italy, Luxembourg, The Netherlands, Portugal, Belgium, and Finland), as well as some other regions like Andorra, Kosovo, and Montenegro. The creation of this currency is one of the most significant changes to happen in Europe, and the money was formed in an attempt to create a uniform system of payment across Europe as interaction between countries is so common there. Along with the establishment of the EUR came a common central bank and interest rate to be used among the 12 members of the union. The bank has its headquarters in Frankfurt, Germany, where all of the monetary policy is discussed and ruled.

Historical British Pound Sterling to Euro Conversion Rates

Since the euro has not been around for very long, it does not have much of a history for conversion rates. It can be said that since its establishment, the euro has started and remained strong in comparison to the dollar and the British pound as it covers a wider economy and influences a greater number of people. The European Union has succeeded in lowering inflation, unemployment, and interest rates, which has given a steady upper hand over its monetary competition. Even in the first year of circulation, the conversion rate for the British pound sterling and the Euro was 1.59 GBP to EUR, showing a substantial command over the economy and the world money system as a whole. Though the numbers have fluctuated from year to year, the euro has still done very well overall, showing signs of good control and prosperity.

Convert GBP to EUR - Recent Exchange Rates for Euros

Recently, the euro has still remained a strong force in the world currency market. There has however been a downturn that has remained consistent since the peak in 2002. Exchange rates for euros have dropped from 1.59 EUR to GBP to around 1.10 EUR to GBP in 2008. This is mainly due to the downturn of the world economy, specifically the US, as members of the European Union depend on the US for exports and tourist income. Without Americans being able to spend money, the Euro has had less of a chance to enter circulation and has therefore declined in value. Though the euro is still expected to remain stronger than most other currencies in circulation, it is not expected to see too much of an increase unless drastic changes are made overall.

Today's Euro exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.