Use this money transfer calculator to see the real cost of sending GBP to EUR, including the exchange rate margin your bank doesn't show you.
If you're looking for a money transfer calculator, this tool helps you estimate the real cost of converting GBP to EUR. It shows how much a bank exchange-rate margin can reduce the final amount compared with a specialist provider.
Real transfer example
Example: sending £10,000 at a mid-market rate of 1.18. A bank applying a 3% FX margin would reduce the amount received by about €354. A provider charging a 0.5% fee would cost about €59 instead. Estimated difference: about €295.
Enter the amount you want to send, the mid-market GBP/EUR rate, your bank's estimated FX margin, and the specialist provider fee. The calculator then shows the final EUR amount received and the difference between the two options.
The exchange rate margin is often the largest cost in a transfer. Read our full UK → Spain guide →
An exchange rate margin is the difference between the mid-market rate and the rate your bank or provider actually gives you. Unlike a visible transfer fee, it is built into the rate itself and is often not shown separately.
Banks typically show a low or zero transfer fee but apply a margin to the exchange rate. That margin is where most of the cost sits — and it scales with the amount you send.
Yes — the mid-market rate is the real exchange rate at any moment, the midpoint between buy and sell prices on global currency markets. It is what you see on Google or XE.com. No retail provider offers this exactly, but specialist providers get much closer than banks.
This calculator is an estimate based on typical bank margins and provider fees. It is designed to illustrate the potential cost difference, not to provide an exact quote. Always check the live rate and fee directly with your provider before sending.
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