Compare today's GBP to EUR (British Pound to Euro) exchange rates
📈 UK to Bulgaria Money Transfer Snapshot Today
- Best GBP to EUR exchange rate today: EUR 1.1545, offered by Regency FX
- Number of money transfer providers compared: 16
- Exchange rate range: EUR 1.1222 to EUR 1.1545
- Potential savings on GBP 1000: EUR 32.30
- Number of deals and promo codes: 4
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real GBP to EUR exchange rate before providers add their margin or fees. exchange rate: 1 GBP = EUR 1.1557 (Updated about 1 hours ago)
See detailed UK to Bulgaria money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 B2B transfers only
📢 B2B transfers only
📢 New! Cash pickup available
📢 Get promotional rate on your first transfer
📢 Special exchange rate applied for first transfer
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's GBP-EUR exchange rates mean for you
Compare today's GBP-EUR exchange rates and send money from UK to Bulgaria after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 16 providers that you can rely on for UK to Bulgaria money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive UK to Bulgaria Providers
🥇 Regency FX with 1 GBP = 1.1545 EUR (best GBP to EUR exchange rate today).
🥈 Key Currency offering 1 GBP = 1.1545 EUR.
The exchange rate provided by these 16 providers ranges from EUR 1.1222 to EUR 1.1545. For a GBP 1000 money transfer from UK to Bulgaria, that could mean up to EUR 32.30 saved on FX alone.
GBP-EUR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final EUR payout that your recipient gets in Bulgaria.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your UK to Bulgaria remittances.
🔄 Looking for the reverse corridor? Send money from Bulgaria to UK instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from UK.
👇 We also suggest looking beyond today's GBP-EUR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst GBP-EUR exchange rate is crucial, historical data shows that transfer fees, GBP amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze UK to Bulgaria historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your EUR payout.
Data-driven cost insights for UK to Bulgaria money transfers
When you send money internationally from UK to Bulgaria, the key factors that will influence the overall cost of your transaction are:
- GBP-EUR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum EUR payout for your overseas recipient in Bulgaria.
Another counter-balancing aspect is money transfer speed. If you need to rush money from UK to Bulgaria, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for UK to Bulgaria money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 495 actual UK to Bulgaria money transfers handled by 10 providers over the last 5 years (for a GBP 120 remittance benchmark).
This data-driven approach using real GBP-EUR transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for UK to Bulgaria money transfers
- Average total cost: 7.56% (range 0.58% to 21.63%, spread 21.05 percentage points)
- Potential payout difference: On a GBP 120 transfer, the above variation can save you up to GBP 25.26.
- Average FX markup: 3.22% (range -0.52%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 15.05%, spread 15.57 percentage points) - Average transfer fee: GBP 5.21 (range GBP 0.00 to GBP 11.70)
- Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (3.07% avg cost); most expensive is Cash → Cash Pickup (11.93%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 8.87% (GBP 10.64 on GBP 120 transfer).
- Market coverage: ~10 providers on average (competition level: moderate)
- Average speed: About 20 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your UK to Bulgaria money transfers.
📈 GBP to EUR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your UK to Bulgaria money transfers is usually the single biggest factor that will determine your overall GBP cost and your recipient's EUR payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a GBP 120 money transfer benchmark, we see the following FX markup ranges for British Pound to Bulgaria transfers:
- Average markup: 3.22%
- Median markup: 2.50%
- Lowest markup: -0.52%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 15.05%
That is a spread of 15.57 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a GBP 120 transfer, the above markup range is equivalent to roughly EUR 18.68 purely from differences in the exchange rate. That incremental saving increases to EUR 46.71 for a GBP 300 transfer.
🛠️ How to use this insight: When comparing providers for UK to Bulgaria remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
GBP to EUR exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total UK to Bulgaria remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your British Pound reaches your recipient in Bulgaria.
Based on data from last 5 years, we notice the below about British Pound to Bulgaria money transfer fees:
- Average fee: GBP 5.21
- Median fee: GBP 4.90
- Lowest fee: GBP 0.00
- Highest fee: GBP 11.70
The average fee amount of GBP 5.21 noted above represents 4.34% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by GBP 11.70.
🛠️ How to use this insight: For your next money transfer from UK to Euro, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for GBP-EUR remittances
Based on our detailed analysis of historical UK to Bulgaria data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Bulgaria from UK:
- Bank Account Transfer: 3.92%
- Debit Card: 6.04%
- Credit Card: 6.09%
- Cash: 11.85%
That is a total spread of 7.93 percentage points.
This means that on a GBP 120 transfer, you could save up to GBP 9.52 simply by choosing the best priced payment method.
These savings will only multiply for higher GBP amounts.
Here is the average cost of popular delivery methods used to send money from UK to Bulgaria:
- Bank Deposit: 4.11%
- Mobile Wallet: 5.34%
- Cash Pickup: 9.36%
The cost difference between the above delivery methods is 5.25 percentage points.
Once again, this means that you could save up to GBP 6.30 on a GBP 120 transfer to Bulgaria by choosing Bank Deposit versus Cash Pickup.
As you can imagine, the possible combinations of UK payment methods and Bulgaria delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for UK to EUR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Bank Deposit | 3.07 |
| Debit Card | Bank Deposit | 4.31 |
| Credit Card | Bank Deposit | 4.45 |
| Bank Account Transfer | Mobile Wallet | 4.88 |
| Bank Account Transfer | Cash Pickup | 5.30 |
| Debit Card | Mobile Wallet | 5.63 |
| Credit Card | Mobile Wallet | 5.72 |
| Debit Card | Cash Pickup | 7.36 |
| Credit Card | Cash Pickup | 7.38 |
| Cash | Bank Deposit | 8.84 |
| Cash | Cash Pickup | 11.93 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these GBP-EUR payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Bank Deposit has the lowest average cost at 3.07%.
- Cash → Cash Pickup has the highest average cost at 11.93%.
- Bank Account Transfer → Bank Deposit average cost is 8.87 percentage points lower than that of Cash → Cash Pickup.
- This means that on a GBP 120 money transfer, you could save up to GBP 14.32 simply by choosing the best payment and delivery method combo.
- Further, on a GBP 300 money transfer, the savings increase to GBP 35.80.
Here is a quick summary of the average historical cost of various payment and delivery methods for GBP to Bulgaria money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Bank Account Transfer averaged 3.92%, compared to 11.85% for Cash, a difference of 7.93 percentage points.
- Cheapest delivery method: Bank Deposit averaged 4.11%, compared to 9.36% for Cash Pickup (5.25 percentage points higher).
- Cheapest combo: Bank Account Transfer → Bank Deposit averaged 3.07%, which is 8.87 percentage points lower than Cash → Cash Pickup (11.93%).
🛠️ How to use this insight: As you compare money transfer providers for your next UK to Bulgaria international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your UK to Bulgaria remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of GBP-EUR money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending GBP 120 vs GBP 300 from UK to Bulgaria.
We found that sending a higher amount (GBP 300) tends to be cheaper - average cost drops from 7.56% to 5.03%, a reduction of 2.53 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher British Pound amounts to Bulgaria, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the UK to Bulgaria remittance market?
Based on data from the last 5 years, GBP-EUR money transfers are provided on an average by 10 remittance companies. With around 10 providers serving this market, we consider the level of competition to be moderate.
The good news is that you can currently compare 16 providers on RemitFinder for GBP-EUR transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your UK to Bulgaria remittances.
⏱️ How fast are GBP-EUR money transfers?
If your recipient in Bulgaria needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for UK to Bulgaria transfers when it comes to processing time:
- Average transfer time: About 20 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at GBP 120: About 20 hours.
- Average speed at GBP 300: About 20 hours.
🛠️ How to use this insight: If you need to send money from UK to Bulgaria in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Bulgaria.
UK to Bulgaria transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about UK to Bulgaria money transfers
These FAQs use data from RemitFinder's historical analysis of UK to Bulgaria money transfers over several years.
What factors affect the total cost of sending money from UK to Bulgaria?
The total cost of your GBP-EUR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect UK to Bulgaria transfers?
Historical GBP to EUR exchange rate markup ranges from -0.52% to 15.05%, a spread of 15.57 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can GBP-EUR exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative GBP-EUR exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for UK to Bulgaria transfers?
Exchange rate markup ranges from -0.52% to 15.05% (a spread of 15.57 percentage points).
Transfer fees range from GBP 0.00 to GBP 11.70, which equals roughly 9.75% on a GBP 120.00 transfer.
At both GBP 120.00 and GBP 300.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for UK to Bulgaria transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger GBP amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most EUR for your GBP.
How much can UK to Bulgaria transfer costs vary between providers?
Historical transfer cost ranges from 0.58% to 21.63% for GBP transfers to Bulgaria. That is a spread of 21.05 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.52% to 15.05% (a spread of 15.57 percentage points). Thus, even small differences in FX margin can have a big impact on the final EUR payout.
Why do various money transfer providers price GBP to Bulgaria transfers differently?
If you send the same British Pound amount to Bulgaria via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final EUR payout in Bulgaria in a big way.
How stable are transfer costs in the UK to Bulgaria corridor?
When we analyzed the historical total cost for GBP-EUR transfers, we observed a range from 0.58% to 21.63% (21.05 percentage points difference), along with a variability (standard deviation) of 4.27%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.52% to 15.05% (15.57 percentage points difference), with a standard deviation of 2.96%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your GBP-EUR transfers.
Which payment method is cheapest for UK to Bulgaria remittances?
Bank Account Transfer is the cheapest payment method in UK based on its average cost at 3.92% (compared to Cash at 11.85%, a difference of 7.93 percentage points).
Based on this, we recommend paying for your GBP transfer with Bank Account Transfer, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for UK to Bulgaria transfers?
Debit Card is cheaper on average when sending money to Bulgaria from UK since it costs 6.04% (compared to 6.09% for Credit Card payments, a difference of 0.06 percentage points).
As a result, we recommend that you avoid paying for your transfer to Bulgaria with a Credit Card.
Which delivery method is cheapest for GBP-EUR money transfers?
Bank Deposit is the cheapest delivery method in Bulgaria as it costs 4.11% (compared to Cash Pickup at 9.36%, a spread of 5.25 percentage points).
If your recipient in Bulgaria can accept Bank Deposit, we recommend choosing it as your preferred delivery option for GBP-EUR transfers.
Is Bank Deposit cheaper than Cash Pickup for UK to Bulgaria transfers?
Bank Deposit is cheaper for transfers to Bulgaria given its 4.11% average cost (versus 9.36% for Cash Pickup, a difference of 5.25 percentage points).
To save more, consider choosing the cheapest delivery option for Bulgaria.
What is the cheapest way to send money from UK to Bulgaria?
We evaluated 11 payment and delivery method combinations for UK to Bulgaria remittances.
Based on historical data, Bank Account Transfer → Bank Deposit is the cheapest combination with 3.07% cost.
At the other end of the spectrum, Cash → Cash Pickup is the most expensive combination at 11.93% cost. That is a difference of 8.87 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for UK to Bulgaria remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your GBP-EUR transfers.
Does sending more money reduce the cost for UK to Bulgaria transfers?
Larger GBP-EUR transfers are cheaper on average.
The cost of a GBP 120 transfer averages 7.56% as compared to 5.03% for a GBP 300 transfer, a difference of 2.53 percentage points.
How long does it take to send money from UK to Bulgaria?
Based on our analysis, the average transfer time for GBP-EUR transfers is 20 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from UK to Bulgaria?
Yes, historical data shows that some transfers to Bulgaria from UK can complete in less than one hour.
Note that the actual speed of your GBP-EUR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the UK to Bulgaria remittance market?
Based on historical data, the competition level in UK to Bulgaria is considered moderate with 10 active providers.
Do I risk overpaying if I do not compare providers for UK to Bulgaria?
Historically, total GBP-EUR transfer cost has varied by 21.05 percentage points. On a GBP 120 transfer, that can translate to GBP 25.26 in savings.
GBP-EUR exchange rate markup also varies across providers. The average markup spread has been about 15.57 percentage points. On a GBP 120 transfer, that could be GBP 18.68 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about GBP 11.70 across providers.
That is why comparing providers can materially change how much of the GBP you send does your recipient receive in Bulgaria in Bulgaria.
Latest GBP to EUR Conversion Rates
Here are some latest GBP to EUR (British Pound to Euro) exchange rates for popular conversion amounts*.
| 1 GBP | 1.16 EUR |
| 5 GBP | 5.78 EUR |
| 10 GBP | 11.56 EUR |
| 25 GBP | 28.89 EUR |
| 50 GBP | 57.79 EUR |
| 100 GBP | 115.57 EUR |
| 150 GBP | 173.36 EUR |
| 200 GBP | 231.14 EUR |
| 250 GBP | 288.93 EUR |
| 300 GBP | 346.71 EUR |
| 400 GBP | 462.28 EUR |
| 500 GBP | 577.85 EUR |
| 600 GBP | 693.42 EUR |
| 700 GBP | 808.99 EUR |
| 800 GBP | 924.56 EUR |
| 1000 GBP | 1,155.70 EUR |
| 1500 GBP | 1,733.55 EUR |
| 2000 GBP | 2,311.40 EUR |
| 2500 GBP | 2,889.25 EUR |
| 3000 GBP | 3,467.10 EUR |
| 4000 GBP | 4,622.80 EUR |
| 5000 GBP | 5,778.50 EUR |
| 10000 GBP | 11,557.00 EUR |
| 15000 GBP | 17,335.50 EUR |
| 20000 GBP | 23,114.00 EUR |
| 30000 GBP | 34,671.00 EUR |
| 40000 GBP | 46,228.00 EUR |
| 50000 GBP | 57,785.00 EUR |
| 100000 GBP | 115,570.00 EUR |
*Based on the Mid-market Exchange Rate
1 Based on 495 pricing observations across 10 firms over the last 5 years for a GBP 120 money transfer from UK to Bulgaria. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the UK to Bulgaria remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.