Buy Euro Online | Exchange Rate Pound to Euro | M&S Bank (2024)

Frequently asked questions

Can I use my bank card in Europe?

You'll be able to use your credit and debit card all over Europe, though your bank will usually charge a transaction fee for using your card abroad. Some businesses also will let you pay in British pounds (GBP), but it's always best to pay in the local currency. By paying in GBP, you may get unfavourable exchange rates that cost you extra.

However, it's a good idea to also take travel money with you. Souvenir shops and local markets will typically be more cash-based, and you'll need some euros on hand to buy that Eiffel tower keyring or fridge magnet.

You can buy euro online using our service.

What are the typical costs in Europe?

Europe can be a fantastic holiday destination, whether you're on a shoestring budget or looking for a luxurious getaway.

Food and accommodation costs will vary from country to country. For a basic meal, you can expect to pay:

  • EUR18 in Luxembourg
  • EUR15 in France and Ireland
  • EUR14 in Austria
  • EUR12 in Germany
  • EUR10 in Slovenia and Lithuania
  • EUR9 in Croatia
  • EUR7 in Slovakia

Generally speaking, countries in Western Europe (Luxembourg, France, etc) will be more expensive than the rest of Europe (Slovenia, Croatia, etc). If you're travelling to a Western European country, you may need to think about budgeting or taking a little more travel money.

Can you use other currencies in Europe?

Some EU members have their own official currency instead of the euro. If you're travelling to one of these countries outside of the eurozone, you'll need different travel money.

While you can use the euro across different European countries, you'll only be able to use non-eurozone currencies in the respective country.

Do you need a visa to visit Europe?

You won't need a visa to visit the EU, but how long you can stay will depend on whether your country is part of the Schengen Area.

Ireland, Bulgaria, Croatia, and Romania aren't part of the Schengen Area. This means you can stay in each country for up to 90 days without a visa. If you want to work or stay longer, you'll need to apply for the appropriate visa.

The rest of the EU are Schengen Area members. You can stay in the Schengen Area for up to 90 days within a 180-day period without a visa.

If you're planning to visit Europe in the next few years, you'll need ETIAS (European Travel Information and Authorisation System) to travel. While ETIAS isn't a visa, it will be mandatory for EU entry from 2024 onwards.

You should always research the most up to date visa guidelines before planning a trip.

Should I tip in Europe?

Tipping in the EU is a common practice, so make sure you have some spare euros on hand!

Tipping isn't mandatory, but giving a couple of euros to taxi drivers, hotel porters, and hotel cleaning staff is a nice way to show your appreciation.

Most restaurants will add a service charge to your bill, so you won't need to worry about tipping here. If your service was particularly excellent, leaving a 5% to 10% tip is more than enough.

What languages are spoken in Europe?

The EU is a large and diverse place, so it's no surprise that there are 24 official languages.

Some of the main languages include:

  • English
  • French
  • German
  • Italian
  • Spanish
  • Dutch
  • Greek

Each country in the EU will have an official language, and some may have regional or minority languages too. Whether you're visiting Spain, Sweden, or Slovakia, learning a few key phrases can help you get by more comfortably.

What is the latest government travel advice for Europe?

The government regularly provides information for individual countries, both inside and outside the EU. You can visit the for travel advice on a particular country.

The government also has general information on visas when travelling to the EU and Schengen Area.

Travel insurance is a must-have when visiting the EU. Most EU citizens pay for their healthcare, and a simple patch up can cost a lot of euros if you're not covered.

What is the best time of year to visit Europe?

The best time to visit Europe depends on where you want to go and what you want to do.

If you're heading to Europe for a skiing holiday, you'll want to visit between November and April. Some of the world's best ski resorts are located in the Alps region of Europe, so be sure to visit Austria, Germany, or France during winter to hit the slopes.

If you're a sun-seeker, head to Southern Europe between May and August. Countries like Spain, Italy, Croatia, and Greece are renown for luxurious villas, family-friendly resorts, and cheap city breaks.

If you want to explore rugged coastlines but don't fancy wearing your winter gear or lathering on sun cream, milder EU countries like Ireland could be your dream destination!

Important documents

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Buy Euro Online | Exchange Rate Pound to Euro | M&S Bank (1)

Other popular currencies

If you are planning a future holiday or a trip that takes in multiple destinations, these other currencies may be useful:

Swiss francs
Norweigian krone
Swedish krone
Hungarian forint

*Subject to availability

† Subject to store opening hours

Buy Euro Online | Exchange Rate Pound to Euro | M&S Bank (2024)

FAQs

What is the exchange rate for pound to euro bank? ›

Live rate: 1 GBP = 1.1593 EUR ( +0.02% )

Where is the best place to exchange Pounds to euros? ›

Buying your Euros from your local Asda Travel Money bureau is one of the most convenient ways to organise your holiday money. You'll find locations in various Asda stores all over the UK.

What is the best rate for buying euros with Pounds? ›

What is the best euro exchange rate? The best euro exchange rate right now is 1.1524 from Covent Garden FX. This is based on a comparison of 18 currency suppliers and assumes you were buying £750 worth of euros for home delivery.

Can I order euros from my bank online? ›

Foreign Currency Ordering—Convenient and Secure. Customers with Bank of America checking and savings accounts can order foreign currency through Online Banking or the Mobile Banking App. Customers with credit cards only can order currency at a financial center.

What is the current bank exchange rate dollar to euro? ›

0.9334 EUR

Which bank is best for currency exchange? ›

Top Banks That Exchange Foreign Currencies
  • TD Bank: TD Bank offers 55 different currencies. ...
  • Service Federal Credit Union: The number of currencies available for customers at Service Credit Union exceeds 60. ...
  • US Bank: Customers of US Bank can exchange money at a nearby branch.

Where is the cheapest way to buy euros? ›

Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency. You may be able to order currency at a branch location, by phone, or online to have it delivered to you or to pick up at a branch.

Who gives the best exchange rate for euros? ›

Travel FX, an FX specialist, usually provides their most competitive currency exchange rates. A multiple award-winning company, free delivery (over £700.00), no commission, pay by Debit Card or Bank Transfer and typically offering the best rates here.

Should I buy euros before I go to Europe? ›

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

Is it cheaper to buy euros in the US or in Europe? ›

With time at your disposal, you'll be able to see exactly what the fee and rate is, and how many euros you'll get for your dollars. It's possible of course that you might get a better deal when you land in Europe. It may well be the case that fees are lower and exchange rates better.

What is the cheapest way to get euros in the US? ›

What is the cheapest way to get euros in the US? You'll need to compare exchange rates and fees for your bank with currency exchange services such as CXI. But a travel card such as the Wise international debit card can be a cheaper option, offering low fees and fairer, margin-free exchange rates.

Can I walk into Bank of America and get euros? ›

Any Bank of America customer can exchange foreign currency at any financial center.

What is the current exchange rate for Pounds? ›

British Pound Exchange Rates Table Converter
British Pound1.00 GBPinv. 1.00 GBP
US Dollar1.2486470.800867
Euro1.1665800.857207
Indian Rupee104.1622420.009600
Australian Dollar1.9113220.523198
6 more rows

How much is bank of England Pound in dollars? ›

1 GBP = 1.2461 USD Apr 24, 2024 21:32 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately. Sending money abroad is as easy as ever.

Is the Pound getting stronger than the euro? ›

As of 12 May, the GBP/EUR forecast from TradingEconomics expected the exchange rate to trade at 1.24 by the end of the second quarter of 2023, and at 1.11939 in early 2024, based on global macro models projections and analysts expectations.

What is the highest rate for Pound to euro? ›

As a result, the Euro performed poorly in relation to the Pound for a while. In fact, the highest ever Pound to Euro rate was €1.752 on 3rd May 2000. Over the years, though, the Euro has proved its credibility and gained much strength as a result. In its full 20-year history, the Pound to Euro rate has averaged €1.33.

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