Euro to British pound sterling average annual exchange rate 1999-2019

This statistic displays the annual exchange rate (average or standardized measure) of the euro to the British pound sterling (EUR GBP) according to data provided by the European Central Bank from the introduction of the euro in 1999 up until 2019. The average (standardized) measure is based on many observations throughout the period in question. This is different than an annual measure which presents concrete values as of the end of the year.

Establishment

The euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. This group of 19 countries is otherwise known as the eurozone or euro area. By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita.

Euro to GBP

Between 2000 and 2009, the average annual exchange rate of the euro to the British pound sterling noted a steep increase. In 2009, the euro to British pound sterling annual average exchange rate was equal to 0.89, which meant that one euro could buy 0.89 British pounds. By 2016, this value had decreased to a value of 0.82, which again meant that one euro could buy 0.88 British pounds. The Brexit referendum is the likely reason for the noted increase in value of euro to British pound sterling from 2017 onwards. The overall strengthening of the euro against the British pound following the referendum result, in June 2016, can be seen in the monthly exchange rate.

Euro (EUR) to British pound sterling (GBP) average annual exchange rate from 1999 to 2019

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Source

Release date

2019

Region

Europe

Survey time period

1999 to 2019

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Statistics on "The Euro currency"

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