Best Euro Exchange Rates in Ireland

Getting the Best Currency Exchange Rates – :

If you need  to transfer large amounts of money from one country to another  – you will usually get the best exchange rates from a specialist currency broker or an online currency exchange service. The worst exchange rates are usually given by the main banks.

On paper the actual exchange rate differences may look tiny  – just fractions of a cent. But as an example – a difference of  just €0.004 in the Euro to Sterling exchange rate could cost you €800 on a €200,000 exchange! Why let the banks have it ?

Maybe you are in Ireland and buying property overseas or you might be elsewhere and thinking of moving to Ireland?  Maybe you are importing a car or just transferring some of your savings into another currency ?
Maybe you run a business that does a lot of trade in different currencies ?.

Whatever the reason –  if you need to transfer large amounts of money overseas –  Euro to Sterling , Sterling to Euro, – US Dollars to Euro, Euro to Dollars – or if you want to exchange any other currency such as  Australian Dollars , Brazilian Real etc. … you  should first check out the savings you can make by using a currency exchange specialist instead of  just asking your bank to take care of it.

Some Recommended Currency Exchange Companies.

FairFx are London based foreign exchange specialists and they also have an office in Dublin. FairFx have been operating since 2007 and are fully regulated by both the UK Financial Conduct Authority and the UK HMRC . You can arrange international money transfers with FairFx  online or over the telephone.  FairFx will let you easily set up regular transfers such as salary, pension or rental payments . You can call FairFx on their Irish number (01  5665546 ) or on their UK number (0044) 20 7858200 . Ask for Niall Walsh  – and he will make sure you are looked after.

Transfermate is a Dublin based foreign exchange company that help individuals and businesses to send and receive international payments.  Transfermate is regulated by the Central Bank of Ireland and is  also registered with UK HM Customs & Excise as well as being regulated across the USA, Canada, Europe and Australasia. Customers can phone them in Dublin  01 6353776  or  set up an online account and arrange currency transfers via their website

Currency Solutions is a UK based currency specialist firm that can carry out a wide range of currency transfers. They are authorised by the UK Financial Conduct Authority .   Customers  can arrange transfers over the phone . You can call them on  their  Irish number  01 431 1344 or on their UK number 0044 207 740 0000–  ask for the Money Guide Ireland  contact  – Ernie Enver. He should be able to give you a quick response to any queries.
You can visit the Currency Solutions  website here  for a free no obligation quote and they will call you back
If you prefer – once registered , you can use their  online platform for transfers of up to a maximum of £20,000 for personal customers (£50,000 business customers) .

With most currency specialists  you are able to lock in an exchange rate for up to 12 months in advance  – and so remove the worry of any future currency fluctuations.

For example – you might be buying  a property abroad. If the  Euro was to suddenly weaken before you managed to sell your house – then the proceeds from the house sale would be worth thousands less in Pounds or USD or Australian Dollars etc. By reserving a guaranteed exchange,  rate up to 12 months ahead, you can prevent exchange rate fluctuations from wrecking  your plans. You will usually need to pay a deposit of around 10%.

Currency Exchange for Businesses
If you run a business in Ireland or the UK with regular large payments or invoices in different currencies  – then a currency exchange firm can save your business  a lot of money on exchange rates and charges. You will already be aware that profit margins can be severely cut by exchange rate fluctuations – but by fixing your exchange rates in advance you can get some certainty . (It’s called Hedging – the big companies do it all the time).


Transfermate  is based in Dublin and  deal with plenty of business clients.    It is fairly easy to set up an online account and arrange currency transfers via their website or you can phone them for the personal on  Dublin  01 6353776

FairFx are London based and already provide international currency services to over 5,000  businesses. They can help your business save money on international money transfers. You can call FairFx on their Irish number 01  5665546 or on their UK number (0044) 20 7858200. Or visit their website


Currency Solutions   specalise in currency transfers for  businesses.  Most transactions can be done over the phone with personal guidance from a broker. They also have an online platform available for those who prefer it.   Call them on  their  Irish number  01 431 1344 or on their UK number 0044 207 740 0000–  ask for the Money Guide Ireland  contact  – Ernie Enver.


For some sole traders and freelancers – it is possible to cut banking costs by using N26. They are an online-only  bank authorised by the Irish Central Bank and they allow businesses in Ireland to open an account with them. (UK coming soon).  There are no account management fees. They don’t deal with cash or cheques – but if your business deals just with card payments and online bank  transfers – they are a good option for multi currency payments. They might be useful as a second account .  Find out more at N26

Transferring Smaller Amounts :
If you need to transfer smaller amounts of money to a bank account abroad – in a different currency  – you can use online exchange services such as  CurrencyFair or  TransferWise

These  two companies are  examples of “peer to peer” exchange.  They cut out the banks and, for a small fee , allow you to get exchange rates that can be pretty close to the  interbank rates. These are good for sending smaller, regular payments to  family abroad or for smaller purchases in foreign currencies (cars etc). You can use a debit card or bank transfer to send the Euros and get it converted to any one of dozens of different currencies. Sterling, US Dollars AUS Dollars , Polish Zloty and many more. You will need a destination bank account for the converted currency to be paid to – but it does not have to be your own bank account.

For security purposes you will usually need to provide some proof of ID before doing your first transfer on these websites.


euro to sterling exchange rate

Holiday Money (Cash)
If you are just going on a business trip or holiday and want to get some foreign currency in cash before you travel   – you should read our article on Travel Money . We have found in several surveys that No1 Currency were giving the best deal on buying Sterling  (and they deliver it to your home for free on orders over €750)

If you use your debit or credit card whilst abroad for day to day spending there will be additional fees and charges when you spend outside the Eurozone – find out more in our article on  Card Charges outside the Eurozone

Alternative Bank:

European bank N26 is available to Irish residents – and they don’t charge any fees on debit card spending outside the Eurozone – so they are worth looking into if you travel a bit or do online shopping at sites in the UK or US for example.

Also – see more here about ATM Charges Abroad

8 thoughts on “Best Euro Exchange Rates in Ireland

  1. Hi, I would like to transfer approximately £23,000 to my Irish bank account. I am wondering what is the best way to do this and how safe is doing this transaction online? Thanks

    • In the article we have mentioned at least four companies that would do this transfer for you. Try one of them. If you are unsure about doing it online , your best bet might be Currency Solutions. Ring them on their Irish number 01 431 1344 or on their UK number 0044 207 740 0000- ask for the Money Guide Ireland contact – Ernie Enver. (Both numbers will get him)

  2. Thanks for your very informative blog!

    Are you aware of any exchange services with good rates and local branch in Dublin? I wish to exchange few grands of euro and collect money in person.


  3. if i have around 10,000 to change into sterling will there be a very big difference if i use the bank or currency solutions.

    • Hi Bronwyn. , There will be a difference – you will get less going through your bank. The exact difference depends on the bank. (I assume you are not talking about cash?) Just call your bank and ask them how much you would get – make sure they include any transaction charges etc. Then ring Currency Solutions to see what you would get. Two phone calls that could save you somewhere in the region of €100 – possible more.

  4. I’m transferring €370,000 from house sale proceeds to Aus $. It is tax cleared. We were going to use currencyfair. Why do you say it is good for smaller amounts? Is there a problem sending large amounts via them? .
    Also we use BOI 365online and can only transfer €10,000 per day to currencyfair AIB account. We are wondering if it’s going to be easier to go to Ireland, buy a bank draft and lodge to currencyfair (or lodge to whichever service we decide on – based on your advice.
    We want to do it asap while the rates are very favourable.

    • The main reason we said smaller amounts with CurrencyFair is because of the lack of any personal touch to help you with larger amounts and the lack of things such as reserving a rate for future transfers . There should be no problem with the safety of your money.
      To avoid 37 transfers of €10k (which will take you more than a month!) – you should be able to use your BOI debit card instead. CurrencyFair accept Irish debit card payments and BOI have no upper limit on debit card payments . Getting a bank draft is not a viable option. Alternatively – if the debit card doesn’t work you could try ringingyour BOI branch and see if the transfer can be arranged over the phone or with signed paperwork .

Leave a comment

Your email address will not be published. Required fields are marked *