Yes, you can fix the pound to euro exchange rate. To do so, you need what’s called a forward contract. The idea behind these is to lock in the existing exchange rate, for people who like today’s rate but don’t want their money sitting in their foreign account yet.
This might be useful if: a) you’re about to relocate abroad, and want to get the best exchange rate when you transfer your savings or, b) you’re about to purchase a foreign property, and also want a great exchange rate.
In this post I aim to answer the question: how do you get the best foreign exchange rate pound to euro? This might be of interest if you’re emigrating to Europe, and want the best rate when you move your savings, or perhaps if you’re buying a property on the continent.