Currency Exchange & Money Transfers to France
If you need to convert UK pounds, US dollars, or other currencies into euros and transfer funds to France, we recommend our trusted foreign exchange partners: Currencies Direct (UK & Europe) and Xe.com. These leading specialists in international money transfers have over 50 years of combined experience and are FCA-authorised providers. They offer secure, commission-free transfers and highly competitive exchange rates. Whether you’re buying property in France, making regular overseas payments, or a vendor needing to repatriate euros back to your home bank account, our partners provide expert guidance to help you maximise your exchange rate and avoid hidden fees. Learn more about how they can assist with your international currency transfers efficiently and securely.
Do you Need Euros to Buy a Property?
Depending on the amount and timescales involved, there are different types of options (spot contract, forward contract, limit order) for your currency requirements. International markets are by definition, volatile, and currencies fluctuate constantly, it's not always easy to keep track of the market or know where to turn to for advice. We receive enquiries daily about money transfers, mostly for euros, but also for UK pounds, dollars and other foreign currencies, for property purchases, deposits and pension money. We are also finding that professionals and companies are getting smarter with their transfers, especially for overseas invoice payments.Foreign Exchange Service
Your dedicated English-speaking account manager will work with your specific schedule and keep you informed every step of the way. They can, for example, notify the notary in France when your funds have been transferred to their account in a timely manner. You will not have to endure the frustrating automated call answering service with your bank and going around the app on your smartphone, to learn that after all, it is not that easy to make overseas payments with a high-street bank.
Todays Market News and Euro Rates
Our FX experts at Currencies Direct bring you todays' updates in the international financial markets and interbank mid-market rates in relation to the euro. Here's a quick rundown of how global major currencies are performing, and todays' major rates.UK Pound (GBP) = €1.2088 euros
The pound (GBP) traded without a clear direction yesterday as a lack of UK data left Sterling rudderless. Additionally, a gloomy market mood put pressure on the increasingly risk-sensitive pound, while hopes the UK would be less affected by US tariffs offset GBP’s losses. The UK’s final services PMI could impact the pound this morning if it differs from preliminary estimates. Later, any hawkish comments from Bank of England (BoE) Governor Andrew Bailey could support Sterling.€1 Euro (EUR) = £0.83272 GBP/ $1.06783 USD
The euro (EUR) strengthened yesterday, with the single currency attracting support thanks to its negative correlation with the US dollar (USD). The safer euro also benefitted from the downbeat market mood, firming against riskier rivals. This morning, EUR is currently on the front foot as Germany’s incoming coalition agreed to loosen debt rules to unlock investment. However, the Eurozone’s final services PMI could weigh on the euro if it confirms that services activity slowed last month.US Dollar (USD) = €0.93648 euros
Despite the risk-off mood, the US dollar faced selling pressure yesterday amid concerns that US tariffs and retaliatory measures from other countries could tip the American economy into recession. These concerns about the US economy also saw markets ramp up bets on more Federal Reserve interest rate cuts, with the odds of a May rate cut rising from around 36% to 48%. The focus for USD investors in the session ahead will likely be the ISM services PMI, which is due out this afternoon. If activity in the American services sector remained robust last month, the ‘greenback’ could regain ground.Canadian Dollar (CAD) = €0.65056 euros
The Canadian dollar (CAD) remained under intense pressure yesterday, hitting multi-year lows against some peers as CAD investors continued to react to Trump’s tariffs implementation. Looking ahead, another downbeat service PMI from Canada could pressure the ‘loonie’ this afternoon.Australian Dollar (AUD) = €0.58800 euros
The Australian dollar (AUD) struggled overnight despite a larger-than-forecast acceleration in Australian GDP in the fourth quarter, as trade war fears weighed on markets.Excellent Advice and Rates
Our award-winning property portal was mentioned on the This is MONEY financial website in the UK. See below a few testimonials from clients who have saved money using our currency service."I secured a fantastic rate thanks to "my-french-house" and their currency transfer service. We received excellent advice and customer service when we needed to convert our currency into euros for our property purchase in France." Andy
"We have completed the final transfer of euros for my French house purchase. We received great rates, and the service was excellent. We're delighted that we have set up repeat monthly payments to our accounts over here." Cath H.
Top Money Saving Tip
It's smart to plan ahead and set up your currency trading account before embarking on your property viewing trip. Doing so will demonstrate to the vendor and the estate agent that you are motivated and organised.This step becomes more critical in this market with banks not supplying French mortgages and sellers seeking cash buyers. Vendors are wary of buyers who need to sell before they can buy, they are looking for motivated buyers who are ready to commit. So, having an account already set up could significantly increase your chances of negotiating a better price for your dream property.
Exclusive Voucher Offer
Did you know that GBP/EUR rates have fluctuated by more than 3.5% so far in 2024 (January until September)? Are you using your bank for money transfers to France, Europe or globally? Learn how much you could save with our FX service compared to your high-street bank. Our currency partners offer competitive rates and fast service while delivering a high level of customer service, commission-free. In addition, our partners at XE are offering an exclusive promotion where you could earn up to $/£/€300 in vouchers from hundreds of retailers including Amazon, AirBnB, Argos, M&S, Adidas and many more ... To benefit from this promotion, use the promo code on the screen when booking your first transfer online.
