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Currency Information
GBP - British pound
The British pound is the official currency of the United Kingdom and holds the title of the oldest currency still in use. It ranks as the fourth most traded currency globally, following the US dollar, euro, and Japanese yen. Additionally, it is the third most widely held reserve currency worldwide.
EUR - Euro
The euro is the official currency of 20 EU countries and one of the world’s most powerful currencies. It is the second most traded and the second most held reserve currency after the US dollar. It facilitates economic integration across much of Europe.
Frequently Asked Questions
You convert money from one currency to another using the exchange rate, which shows how much one is worth in the other. For instance, if the rate is £1 = €1.20, then £1 becomes €1.20, and €1.20 changes back to £1. Use our currency converter to see the current rates.
Our currency converter works with over 20 currencies. The most popular include British pounds (GBP), euros (EUR), US dollars (USD), Canadian dollars (CAD), Australian dollars (AUD), New Zealand dollars (NZD), and Swiss francs (CHF).
It probably won’t come as a complete surprise that banks are not normally the cheapest way to convert currencies. By using a specialist money transfer company, you can save up to 3%-4% on the exchange rate compared to some banks.
Please be aware that most banks and many money transfer companies do charge fees to convert currencies. The fees are not always obvious – before or even after you’ve sent your money. Examples include transfer, intermediary, tracking, recipient and processing fees. We keep things simple. Key Currency does not charge any fees when you convert currency and transfer abroad.
How to convert currencies
Complete your conversion in 4 simple steps
1. Register
You can register online or over the phone. It’s quick, easy and there’s no obligation to trade.
2. Agree a rate
All you need to do is tell us the amount you're converting. We'll then quote you an exchange rate.
3. Transfer money
You send your money to our segregated client account by bank transfer.
4. Funds sent
Your funds are converted and transferred to an account of your choice as soon as your payment is received.
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