- Get the best foreign exchange rates available from this online marketplace
- Fast 1-2 day delivery to bank accounts
- Price-match guarantee if you find a better price elsewhere
Given the popularity of France and its close proximity to the UK, there are plenty of options if you need to send money. However, it pays to compare your options and shop around to find the best deal.
When you need to send an international money transfer, you may consider contacting your bank. While banks can handle wire transfers with ease, it’s not necessarily the best choice from a financial perspective.
There are plenty of dedicated money transfer companies that offer you a better deal than the banks. Reliable and secure, these companies can provide much better exchange rates and they lower transfer fees, with some waiving its fees when you send more than a certain amount.
By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.
To get an idea of costs, let’s compare numerous transfer options and associated fees to send £1,000 to France. This table uses real fees and exchange rates and is current as of 4 April 2020.
|Major bank||Money transfer company 1||Money transfer company 2|
|Exchange rate||1 GBP = 1.10 EUR||1 GBP = 1.13 EUR||1 GBP = 1.12 EUR|
|Transfer method||Bank account deposit||Bank account deposit||Bank account deposit|
|Transfer time||2 days||1-2 days||Same day|
|Amount in EUR received for £1,000||1,094 EUR||1,130 EUR||1,127 EUR|
As you can see, both online transfer companies would send more than 30 euros extra to the recipient – and more cheaply and quickly – compared with the bank.
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. The euro’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
Currency exchange rate for France
When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. Yes. It’s industry standard for international money services to use 128-bit SSL encryption systems at a minimum. Many also are licensed with UK financial regulators.
Wherever you’re picking up cash, it’s important to take a few simple safety precautions to prevent yourself becoming a target for thieves.
You might need to send an emergency cash transfer to France – for example, if a relative or friend travelling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.Back to top
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