Euro Currency Service
International Money Transfers and Euro Rates
If you need to convert UK pounds, US dollars, or other currencies into euros to transfer funds for a property purchase in France, we recommend our trusted foreign exchange partners: Currencies Direct and Xe Currency.These leading specialists in international money transfers have over fifty years of combined experience and are FCA-authorised providers. They offer secure, commission-free transfers and competitive exchange rates. Whether you’re buying property in France, making regular overseas payments to Europe, or you need to repatriate euros back home, our partners provide expert guidance to help you maximise your exchange rate and avoid fees.
Discover how we can help you with your international currency transfers efficiently and securely.
Do You Need Euros to Secure a Property in France?
Are you wondering about options for securing euros for your property purchase in France? Depending on the amount and timescales involved, there are different types of options (spot contracts, forward contracts, limit orders) to meet 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 for advice.We receive daily enquiries about money transfers, primarily for euros, as well as for UK pounds, US dollars, and other foreign currencies, for property purchases, deposits, and pension payments. We are also finding that professionals and companies are becoming more savvy with their transfers, especially for overseas invoice payments.
Our Foreign Exchange Service for France
Your dedicated English-speaking account manager will work with you according to your specific schedule and keep you informed at every step. They can, for example, promptly notify the notary when your funds have been transferred to their account. You will not have to endure the frustrating automated call answering service with your bank and navigate the app on your smartphone to learn that, after all, it is not that easy to make overseas payments with a high-street bank.
Today's Euro Rates & Daily Currency News (16th of June 2026)
Our FX experts bring you today's updates on international markets and the euro's interbank mid-market rates. Here's a quick rundown of how global major currencies and key interest rates are performing, updated today, June 16th, at 10:49 AM London time (GMT).Pound (GBP) Holds Steady Amid By-Election Uncertainty
The pound (GBP) traded within a narrow range yesterday as investors focused on the upcoming Makerfield by-election. Given the potential political implications, market participants remained cautious and avoided taking aggressive positions on Sterling, despite a sharp decline in UK government bond yields.Looking ahead, movement in the pound may remain constrained today as markets also await the Bank of England’s forthcoming interest rate decision. The combination of political and monetary policy uncertainty could keep Sterling trading within a limited range.
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Today, the UK Pound exchange rate for £1 (GBP) = €1.15651 euros / $1.34170 USD
Euro (EUR) Strengthens Amid U.S. Dollar Weakness
The euro (EUR) advanced on Monday, supported by its inverse relationship with the U.S. dollar (USD). In addition, increasing expectations that the European Central Bank (ECB) may continue raising interest rates in the coming months provided further support for the single currency.Today, Germany’s latest ZEW Economic Sentiment Index may weigh on the euro if it shows that confidence in the Eurozone’s largest economy remains negative this month. A weaker-than-expected reading would indicate continued economic concern and could place downward pressure on the EUR.
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Today, the Euro exchange rate for €1 (EUR) = 0.86468 GBP/ 1.16010 USD
U.S. Dollar (USD) Weakens on Peace Deal Hopes
The U.S. dollar (USD) declined at the start of this week after reports emerged that the United States and Iran had agreed on a framework for a peace deal. Improved risk sentiment reduced demand for the safe-haven currency as investors reassessed geopolitical tensions.However, the decline in the dollar was relatively modest, as investors remained cautious due to Israel’s ongoing military operations in Lebanon. This continued uncertainty limited the USD’s losses.
Today, the dollar has recovered some of yesterday’s losses as investors await further details on the proposed peace deal. If concerns over the deal’s durability persist, the greenback could regain further support.
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Today, the US Dollar exchange rate for $1 (USD) = 0.86199 euros
Canadian Dollar (CAD) Weakened by Lower Oil Prices
The Canadian dollar (CAD) fell on Monday as a sharp decline in global oil prices reduced demand for the commodity-linked currency. The loonie remains highly sensitive to movements in energy markets, and the recent drop in crude oil has placed notable pressure on its value.If oil prices continue to decline during today’s session, the CAD may extend its losses, as its close correlation with crude leaves it exposed to further downside pressure.
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Today, the Canadian Dollar exchange rate (CAD) = 0.61550 euros
Australian Dollar (AUD) Softens After RBA Decision
The Australian dollar (AUD) traded lower during Tuesday’s Asian session after the Reserve Bank of Australia (RBA) left interest rates unchanged at its latest policy meeting. The central bank also adopted a more cautious tone regarding future rate increases, dampening expectations for further tightening.If this more dovish outlook continues, the AUD may remain under pressure. However, improved global risk sentiment or positive economic data could help stabilise or even recover the currency. Market participants will continue to monitor RBA communications and key economic releases for further direction.
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Today, the Australian Dollar exchange rate (AUD) = 0.60915 euros
Converting to Euros Using a Smartphone
Did you know that most modern smartphones feature currency converters in their calculators? For example, the most recent iPhones and Samsung cellphones feature a built-in currency converter in their Calculator app; however, this feature varies by model and, of course, the software version. Here's how to access them on Samsung and iPhone devices:With an iPhone
- Open your calculator
- Input the amount you wish to convert
- Click on the bottom left calculator icon
- Drag it to the right to the "convert mode"
- Then, choose your currency to convert
With a Samsung Device
- Open the Calculator app
- Tap the three-dot menu in the top corner
- Select "Unit Converter" (or "conversions")
- Look for "Currency"
- If prompted, update the exchange rates online
Expert Advice & EUR Rates
Our award-winning property portal was featured on the UK's This is Money website. 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 excellent service. We're delighted that we have set up repeat monthly payments to our accounts over here." Cath H.
Money-Saving Tips for International Transfers
It's smart to plan 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 increasingly critical in this market, as banks are not supplying mortgages and sellers are 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.
Are you using an old-fashioned bank for money transfers to France or Europe? Learn how you could save with our FX service compared to your high-street bank. Our currency partners offer competitive rates and fast service, delivering a high level of customer service, commission-free, regardless of your currency and timezone.
GBP/EUR Volatility in 2026 (January–May)
In the first five months of 2026, the GBP/EUR exchange rate has been notably volatile, moving by around 6.5% since the start of the year. The pound peaked at €1.225 in late February, driven by shifting expectations for Bank of England monetary policy and geopolitical developments. However, it fell to €1.142 in mid-March, as rising energy costs and political instability in the UK weighed on Sterling.In April, the GBP/EUR rate remained subdued, as UK political uncertainty (including local elections and leadership concerns) and mixed economic data (e.g., retail sales and PMI figures) kept the pound rangebound. By early May, the exchange rate stabilised slightly but remained under pressure from global risk sentiment and expectations of BoE policy.
To put this into perspective, these fluctuations could result in a difference of nearly £31,500 when purchasing a €500,000 property, underscoring how currency movements can significantly affect large transactions. This volatility highlights the importance of timing and currency risk management for international buyers and investors.
USD/EUR Volatility in 2026 (January–May)
For American citizens and investors trading in dollars, the USD/EUR exchange rate has been highly volatile in the first five months of 2026, reflecting geopolitical tensions, shifting monetary policy expectations, and energy market fluctuations. The US dollar peaked at €0.968 in January, driven by safe-haven demand amid escalating tensions in the Middle East. By early March, it had fallen to €0.875, as a changing Federal Reserve policy outlook and energy market instability weighed on the currency.In April, the USD/EUR rate fluctuated further, as optimism about a US-Iran ceasefire and mixed US economic data (e.g., GDP misses and labour market reports) reduced safe-haven demand. By early May, the exchange rate remained sensitive to developments in the Middle East, with fresh doubts over peace talks providing temporary support for the dollar.
To illustrate the impact, a €500,000 property deal could have cost approximately $516,500 at the January peak, compared with $571,500 at the March low, a $55,000 difference attributable solely to currency movements. These trends highlight the importance of timing and currency strategy for international transactions.
Negotiate a Better Property Deal
Having an account set up before submitting your purchase offer can significantly increase your chances of negotiating a better deal for your dream French property.Compare and Trade Global Currencies
There may be rules and restrictions that apply based on your location, amount, and the destination of your wire transfer. At My-French-House.com, we believe you should have options to choose the service that suits your budget. Start managing your exposure with our long-standing partners at Currencies Direct, who have been awarded ‘Best Currency Broker’ in the 2024 Good Money Guide Awards.
