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 to Buy Euros to Secure a Property?
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 (2nd 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 2nd, at 10:59 AM London time (GMT).Pound (GBP) Supported by Upgraded Manufacturing PMI
The pound (GBP) drew moderate support yesterday following the release of the UK’s latest Manufacturing PMI. The final May reading confirmed that factory sector growth was revised up to its strongest pace in four years. This acceleration, however, is expected to be short‑lived, with many firms bringing forward purchases to avoid potential price increases linked to the ongoing conflict in the Middle East.Today, GBP market participants will closely monitor a speech by Bank of England (BoE) policymaker Megan Greene for further guidance. As one of the more hawkish members of the Monetary Policy Committee, any indication of support for additional policy tightening could offer further underpinning for Sterling.
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Today, the UK Pound exchange rate for £1 (GBP) = €1.15681 euros / $1.34685 USD
Euro (EUR) Softens as German Retail Sales Decline
The euro (EUR) edged lower on Monday after the latest German retail sales report showed that consumer spending in the Eurozone’s largest economy has contracted for four consecutive months. This continued weakness in domestic demand is exerting downward pressure on the single currency.Additional headwinds for the EUR came from a European Central Bank (ECB) survey indicating that consumer inflation expectations were unchanged in April, thereby reducing the immediate urgency for more aggressive policy action.
Looking ahead, the euro may regain some ground if the upcoming Eurozone inflation data confirms an acceleration in price growth last month. A stronger inflation print would likely reinforce expectations for an ECB rate increase at next week’s meeting and could lend support to the EUR.
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Today, the Euro exchange rate for €1 (EUR) = 0.86444 GBP/ 1.16427 USD
US Dollar (USD) Strengthens on Robust Manufacturing PMI
The US dollar (USD) advanced at the start of the week after the ISM Manufacturing PMI for the previous month surpassed market expectations, with the US factory sector recording its fastest expansion since May 2022. This robust performance has strengthened confidence in the broader US economic outlook.The USD was further underpinned by renewed safe‑haven demand, following additional military action in the Middle East over the weekend.
Looking forward, the dollar may maintain its constructive tone if today’s US job openings data confirms that labour demand remained resilient in April. Evidence of a still‑tight labour market would support the case for the Federal Reserve to retain a restrictive policy stance for longer.
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Today, the US Dollar exchange rate for $1 (USD) = 0.85890 euros
Canadian Dollar (CAD) Under Pressure Amid Technical Recession
The Canadian dollar (CAD) drifted lower on Monday, extending losses triggered by last week’s data showing that Canada slipped into a technical recession in the first quarter of 2026. The deteriorating growth backdrop has weighed on the ‘loonie’ as investors reassess the outlook for Canadian economic performance and interest rates.Looking ahead, the CAD could recoup some ground if oil prices continue to edge higher over the course of today’s session. As a commodity‑linked currency, the loonie remains highly sensitive to movements in the energy complex.
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Today, the Canadian Dollar exchange rate (CAD) = 0.62004 euros
Australian Dollar (AUD) Firms as Risk Sentiment Improves
The Australian dollar (AUD) strengthened overnight on Monday, recovering part of its recent losses as global risk sentiment improved late in the Asian session. The risk‑sensitive ‘Aussie’ typically benefits from a more constructive market tone, and the current improvement in investor confidence has provided near‑term support.Should this improved risk appetite be sustained, the AUD may extend its gains. However, ongoing geopolitical uncertainties and any renewed bouts of risk aversion could cap upside potential. Market participants will remain attentive to global developments for further direction on the currency.
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Today, the Australian Dollar exchange rate (AUD) = 0.61686 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.
