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 efficiently and securely with your international currency transfers.
Do You Need Euros for a Property Purchase?
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 at 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 (20th August 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, last updated on August 20th at 10:16 AM London time (GMT).Pound (GBP) Remains Subdued as Inflation Fails to Shift Rate Expectations
The pound (GBP) remained under pressure against most major currencies yesterday, despite the latest UK inflation figures showing that prices rose to a four-month high in July. While higher inflation can sometimes support a currency, markets still expect the Bank of England to keep interest rates unchanged for the rest of 2026.With no major UK economic data due today, Sterling may trade within a narrow range as investors await clearer signals on the UK economy's direction.
For buyers converting pounds into euros for a French property purchase, GBP movement may remain limited in the short term, although any change in interest rate expectations could still affect exchange rates.
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Today, the UK Pound exchange rate for £1 (GBP) = €1.16541 euros / $1.36405 USD
Euro (EUR) Supported by Weaker US Dollar
The euro (EUR) strengthened against several currencies on Wednesday, aided by weakness in the US dollar. However, gains were modest after European Central Bank President Christine Lagarde warned of the economic risks if Europe falls behind in developing artificial intelligence.Today, the euro could make further progress if the latest European Central Bank meeting minutes suggest policymakers are considering an interest rate increase. A more confident tone from the Bank could support the single currency.
For international buyers purchasing in euros, a stronger euro may affect the amount received when converting from pounds, dollars, or other currencies.
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Today, the Euro exchange rate for €1 (EUR) = 0.85806 GBP/ 1.17039 USD
US Dollar (USD) Falls Following US Debt Buyback Announcement
The US dollar (USD) came under notable pressure on Wednesday after the US Treasury announced plans to double the size of its long-term US debt buybacks. This raised concerns among investors about the long-term outlook for US public finances, weighing on demand for the dollar.Minutes from the Federal Reserve’s July meeting did little to support the currency, even though they suggested that the central bank remains cautious about inflation.
Today, the dollar may remain under pressure if US jobless claims show further signs of weakness in the labour market. Softer employment data could reduce demand for the dollar as a safe-haven currency.
For buyers transferring US dollars into euros, continued dollar weakness may affect purchasing budgets and should be closely monitored before making larger transfers.
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Today, the US Dollar exchange rate for $1 (USD) = 0.85441 euros
Canadian Dollar (CAD) Weighed Down by Trade Concerns
The Canadian dollar (CAD) weakened against most major currencies on Wednesday, affected by ongoing trade concerns with the United States and only a modest rise in oil prices. As Canada is a major energy exporter, the Canadian dollar is often influenced by oil market movements and trade policy developments.Today, the Canadian dollar may face further pressure if Canada’s latest Producer Price Index figures show that domestic inflation continued to ease last month. This could support expectations that the Bank of Canada will keep interest rates unchanged, limiting demand for the currency.
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Today, the Canadian Dollar exchange rate (CAD) = 0.62053 euros
Australian Dollar (AUD) Softens After Weak Employment Data
The Australian dollar (AUD) edged lower during the Asian trading session after weaker-than-expected employment data showed a sharp slowdown in job creation last month. The Australian dollar is often sensitive to domestic economic figures, particularly when they suggest a softer outlook for growth.If market sentiment remains cautious, the Australian dollar may stay under pressure. However, any improvement in global confidence or stronger future economic data could help the currency recover.
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Today, the Australian Dollar exchange rate (AUD) = 0.60897 euros
Planning Your Property Purchase
Whatever your starting currency, careful planning is essential when buying a home in France and converting into euros. Following major economic updates, political developments, and central bank decisions can help you choose an appropriate time to secure your exchange rate. Working with a specialist can also help you protect your budget, manage risk, and avoid unpleasant surprises between agreeing on a price and completing your purchase.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 FX 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 time zone.
Currency Trends Update: January–July 2026
GBP/EUR Strength in 2026 (January–July)
In the first seven months of 2026, the GBP/EUR exchange rate has shown resilience and has generally increased, rising about 4.8% since January. The pound reached a peak of €1.238 in late June, driven by better-than-expected UK economic results, proactive fiscal policies under Prime Minister Andy Burnham, and a stabilising political climate. The lowest point of €1.135 in early January reflected brief uncertainty, but the currency has since recovered strongly due to positive domestic developments.Andy Burnham’s appointment as Prime Minister has been a major factor in Sterling’s strength. His focus on fiscal responsibility, along with Chancellor John Healey’s commitment to fiscal rules, has boosted investor confidence in the UK economy. Moreover, stronger-than-expected UK GDP growth, healthy retail sales, and improving PMI figures have supported the pound, indicating economic resilience despite global issues.
By early July, the GBP/EUR rate stayed above €1.21, buoyed by optimism about the government’s pro-growth policies and the Bank of England’s (BoE) cautious, data-driven monetary approach. The BoE’s careful stance has helped manage market expectations and decreased volatility.
For comparison, these positive changes could save nearly £24,000 when buying a €500,000 property, compared to the lowest rates earlier in the year. This stability and strength in the pound demonstrate the advantages of a timely currency strategy for international buyers and investors.
USD/EUR Stability in 2026 (January–July)
For American buyers and investors dealing in dollars, the USD/EUR exchange rate remained relatively stable during the first seven months of 2026. This stability resulted from a balanced mix of geopolitical developments, clear monetary policies, and energy market conditions. The US dollar reached a high of €0.975 in late January, driven by safe-haven buying amid tensions in the Middle East. As diplomatic efforts advanced and energy markets stabilised, the USD value dropped to €0.910 by July, strengthened by solid US economic data.In April and May, the USD/EUR rate rose amid optimism about a US-Iran ceasefire and positive US economic indicators, including strong GDP growth and a resilient labour market. By early July, the rate remained supported by ongoing safe-haven demand and expectations of a cautious Federal Reserve policy.
For example, a €500,000 property purchase that would have cost around $513,000 at the January peak now costs about $549,000. This shift represents a $36,000 reduction for USD buyers, thanks to dollar stabilisation and euro strength. These trends highlight the importance of timing and currency strategy in cross-border deals, with current conditions favouring USD holders looking to invest in Europe.
Key Takeaways for 2026 (January–July)
- GBP/EUR: Strength driven by UK political stability, fiscal prudence, and strong economic data. The pound has benefited from Burnham’s pro-growth policies and the BoE’s balanced approach, leading to reduced volatility and improved investor confidence.
- USD/EUR: Stability supported by geopolitical progress, strong US economic performance, and Fed policy clarity. The dollar has found a balanced footing, aiding USD investors in European markets.
- Impact on Transactions: Currency movements have favoured buyers in recent months, with GBP strength reducing costs for UK investors abroad and USD stability benefiting American buyers in Europe.
Investors and businesses should take advantage of the current favourable conditions while staying alert to central bank policies, geopolitical changes, and economic indicators to improve currency strategies in 2026.
