𝐄𝐔𝐑 𝐭𝐨 𝐆𝐁𝐏: Euros To British Pound Online Conversion

EUR to GBP is used in the Eurozone and the United Kingdom respectively. The fact that these currencies are different from each other with respect to their usage and value makes the process conversion difficult to perform. Thus, this blog will give a deep insight into their history, overview, the converting process followed by examples and a conversion chart.

Overview of GBP(British Pound)

GBP is the official currency for the United Kingdom. GBP only trades in Japanese Yen, Euro, and U.S dollar. It is well-known to trade in huge volumes all over the globe.

GBP is used as an abbreviation for British Pound Sterling.

The symbol used for British Pound Sterling is £.

History of GBP

The first-ever use of GBP was done in 760 making it the oldest currency in the world. British Pound Sterling is still known as the legal tender all over the globe. It was announced as a formal currency in the United Kingdom, the same time when England and Scotland decided to formally become a single country in 1707.

GBP is not only used in the United Kingdom but is also used in other parts as currency such as the British Empire which include Canada, New Zealand, and Australia before the start of 1855.

Overview of EUR

EUR is the official currency used across nineteen states of the Eurozone. EUR is noted as the 2nd most currency that is traded all over the world & even foreign exchange marketplace. It also carries the highest value including both banknotes & coins, according to reports of 2019.

The symbol used for EUR is €.

History of EUR

1993 was the year when the Maastricht Treaty was established with an aim to create both monetary & economic unions at the end of the year 1999. Later, on 1st January in 1999, Euro was accepted as a form of currency. At that time, 1 Euro was equivalent to 1 GBP. Although later in time all the other European states kept apart from the United Kingdoms and Denmark, Euro became their official currency.

However, the virtual currency was established in the year 1999, but it took them about 3 years to finally come into the market for circulation and then at last in the year 2009, Lisbon Treaty gave them complete right to the Central Bank of Europe.

Convert EUR to GBP

It can always confuse a user to convert two different currencies when they are not familiar with the relationship between the respective currencies. But after going through all the main aspects of these currencies, the process of conversion will now be simple for you to understand.

To convert EUR to GBP, you are required to multiply the unit of GBP that is 0.83 with EUR. 

Also, to give you a clear view of the same, we have some set of examples listed for you below.

Examples to convert from EUR to GBP

Example 1: Convert 10 EUR to GBP

Solution: After placing the value of EUR into the formula above, the result will be

GBP = 10 X 0.83 = 8.3 GBP

Therefore, 10 EUR is equal to 8.3 GBP.

Example 2: Convert 89 EUR to GBP

Solution: After placing the value of EUR into the formula above, the result will be

GBP = 89 X 0.83 = 73.87 GBP

Therefore, 89 EUR is equal to 73.87 GBP.

Example 3: Convert 34 EUR to GBP

Solution: After placing the value of EUR into the formula above, the result will be

GBP = 34 X 0.83 = 28.22 GBP

Therefore, 34 EUR is equal to 28.22 GBP.

Example 4: Convert 86 EUR to GBP

Solution: After placing the value of EUR into the formula above, the result will be

GBP = 86 X 0.83 = 71.38 GBP

Therefore, 86 EUR is equal to 71.38 GBP.

Example 5: Convert 50 EUR to GBP

Solution: After placing the value of EUR into the formula above, the result will be

GBP = 50 X 0.83 = 41.5 GBP

Therefore, 50 EUR is equal to 41.5 GBP.

Difference between EUR and GBP

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EUR to GBP Conversion Chart

FAQ’s about Convert EUR to GBP