Euro To Pound Resources:News
euros in pounds, euro converter, euro currency rate, euro rate
See the current euro to pounds exchange rate on the world FOREX market. It's updated in real time, so you don't need to worry, if you see it moving. The numbers show what is the price of one euro in British pounds. For example if the number 1 is in the euro's rectangle and the number 0.7777 is in the pound's one, that means that one euro is exactly 0.7777 pounds at the moment. If you wish to see the reverse rate (the price of 1 pound in euro), just interchange the currencies. If you go somewhere to exchange your euros, you probably won't get exactly this euro to pounds rate, because banks and currency changes will widen it a little, so the can profit form the difference, usually a pennie or two. That's why they will not charge you with a commission for the exchange, but you will get a slightly different rate, which is almost the same.
Euro to pound rate, like all other exchange rates, depend on lots of different factors - interest rates, economic conditions, inflation, politics... and even weather! They are determined on the Foreign Exchange Market (FOREX) according to supply and demand, which itself depend on these many factors from above. Sometimes rates change several times every second, if a significant event happens for example. They are very dynamic and really hard to predict. The ones who know how to do this are probably multi millionaires (George Soros for instance, he is a milti billionaire :) ). Euro to pound rate is not an exception and is driven by the market.
Euro to Pounds rate have been constantly moving since the beginning of euro's virtual existance - 01. Jan. 1999 y. Its purpose was complete liberation of movements of capital in the European Economic Community, replacing the different currencies (and exchange rates between them) of the countries in the union. United Kingdom refused accept the Euro and now we have the euro/pound rate.
Don't forget to take a look in the other pages of our euro to pounds site, where you can find some other interesting thing about the euro and The British pound. You will also find different kinds of charts and gadgets, whick you can freely use. You can find all euro to pounds' sections on the right menu of the site. We hope this site will be useful for you, somehow.
Euro Exchange Rates