11th March 2010

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Currency Exchange for Buying French Property

Welcome to the FrenchEntrée Currency Information for the Buying French Property zone. In this section you will find currency exchange information and advice needed for your French property purchase. This includes information on regular payment plans and up-to-date currency reports.

Euro Buyers Currency Exchange FAQ

We try to answer all your questions here...

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You are here: FrenchEntrée > French Property > Euro Currency Exchange

Currency for French Property

Three options to buy your Euros

1. Call +44(0)1225 463752 to discuss your currency requirements

2. Request a call-back. A currency adviser will call you back at a time to suit you

3. Apply for your currency account so that you are ready to trade. No fees!

Protecting the price of your regular transfers

As sterling faces another unpredictable patch and with the general election looming, there are several ways to make sure you get value for money on your overseas payments... more...

Three month currency review: November 2009 – January 2010

Although the GBP/€ range of late has been fairly tame with the price not deviating from €1.10 - €1.13 it is hoped that these levels will form a base from which sterling can actually appreciate from... more...

British expats in France – They’re staying put

In the wake of the global financial crisis, Europe has an increasing number of British expats who are looking to move back to the UK. However, France has a more resilient breed, according to currency specialist Moneycorp. more...

Purchasing French property with the weak pound

Exchange rates can fluctuate up to 10% in a matter of days, and it is important to understand the impact of this on your property purchase... more...

Making the most of your Sterling in France

Managing your finances in another country presents a number of potential pitfalls. Local tax systems and finance regulations are some of the biggest hurdles to overcome; but getting the basics right can be relatively easy with the correct know-how and support. more...

How to stay ahead of the currency game in France

Retired expats have seen their cost of living rise significantly over the last twelve months, as the falling value of sterling makes it ever more expensive for émigrés to fund their lives overseas... more...

Top tips to protect your spending power in France

Experts from Moneycorp discuss what those living in France should do as the sterling continues to struggle against the euro... more...

Save Thousands on Foreign Exchange

People moving large sums abroad can avoid the banks’ high rates by using a specialist broker, writes Clare Francis.more...

The currency issues for buying new build or off-plan

Buying a new house in France, either your own new build design or an “off-plan” apartment or villa in a development is an increasingly popular option. But how do you avoid risking your capital on currency fluctuations...more...

Case study - Money and buying in France

Alan and Diana Woodhead from Huddersfield, West Yorkshire, have bought a holiday home in Normandy. Here they describe how they found the process of buying a property in France - and getting a mortgage. more...

Case study - Money and moving to France

Justin Woods and his wife Andrea have decided to move to near Moulins in the Auvergne to find a ‘better way of life’ for their children. Here Justin describes the difference in the cost of living – and how he transferred money to pay for the move.more...

Euro currency exchange on French property

How to avoid currency fluctuations

Most people buying a French holiday home or a permanent residence in France would prefer to live without the sleepless nights associated with fluctuating currency exchange. It’s no fun agreeing...more...

Save a fortune on Euros

If you need advice or a Euro currency exchange quote call +44 (0) 1225 463 752 (24hrs). Request a call-back call-back or apply to open your free account online now.

Latest Euro Currency Report

Euro Currency Update - 9th March 2010 - Lucky Escape for Sterling

Positive economic signs from the UK economy allow a near-miraculous recovery for sterling after a sharp fall. Investors are more relaxed about the Greek budget problems.

Sterling fell sharply last Monday, losing nearly two cents before lunch. The remainder of the week was devoted to the slow and tedious process of recovery. Although it seemed an impossible ambition last Monday afternoon sterling opened in London this morning at €1.11, unchanged on the week.

At the beginning of the week the non-domiciled tax status of Baron Ashcroft dominated the media. Allegedly, the noble lord had bought his way into a peerage by making large donations to the Conservative party. For some reason this old tradition had become suddenly improper. It would be an exaggeration to blame sterling's sharp fall on Lord Ashcroft alone but the story will certainly have unnerved investors who were already nervous about the Tories failing to win a majority at the forthcoming general election.

From there it was uphill all the way but at least sterling managed to make it up the hill with the assistance of some positive news. On Tuesday the government held a successful auction of 30-year gilts which attracted bids for nearly twice that much. The last five auctions of 30-year stock have achieved an average of 1.63 times cover so, whatever misgivings they may have about sterling's short-term future, there is a degree of confidence among investors the current problems will be short-lived.

Having ignored Monday's manufacturing purchasing managers' index (their minds were on other things) investors took a great deal of interest in Wednesday's services sector PMI. At 58.4 the services PMI was more than three points better than predicted, scoring a three-year high. It blew America's 53.0 and Euroland's 51.8 into the weeds. Coming hard on the heels of a ten-point jump in consumer confidence it was another reminder to the market that not everything to do with Britain's economy is in a state of collapse. There was more reassurance from the Bank of England when the Monetary Policy Committee voted to keep interest rates unchanged for a 13th month and to leave quantitative easing on hold.

A rash of data provided no coherent picture of the euro zone economy. The manufacturing and services PMIs were both a little softer on the month but not far adrift from what the analysts had forecast. Consumer and producer price inflation were roughly in line with the market's expectations but had no immediate implications for euro interest rates. A -0.3% monthly fall for retail sales was better than the expected -0.5% decline but still not exactly positive. The revision to fourth quarter GDP showed the Euroland economy growing by +0.1%.

The European Central Bank tightened monetary policy on Thursday with an end to the cheap three-month loans it had been offering to commercial banks. They will still be able to borrow one-week money at 1% but the three-month rate will depend in future on market rates. The ECB had nothing to offer the Athens government and said it would oppose any attempt to approach the IMF for assistance. Nevertheless, Greece did manage to find buyers for a €5 billion bond issue.

By the end of the weekend it had become clear that, although Germany would not put its hand in its pocket for a Greek bailout, the EU had an emergency plan if push came to shove. At least for the moment investors are comfortable, if not deliriously happy, about the situation but their next question will be whether France and Germany will be able to carry the euro zone economy ahead on their own if the economies of Greece, Spain, Portugal, Ireland and Italy are to be weighed down by austerity measures of one sort or another.

Whilst sterling's recovery last week might be seen as a sign that there is life in the old dog yet, it is still hard to see the British currency as anything other than a dog. Opinion polls continue to indicate a hung parliament and investors fear that even after the general election Britain's government will be paralysed by indecision, unable or unwilling to tackle the budget gap. Buyers of the euro should hedge 50% of what they will need. If the money is required in the near future they should consider covering the whole amount.

To open a Moneycorp currency trading account please visit the currency Enquiry Form.

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