Euro currency exchange rates are a key issue for those buying, selling, or renting in Paris.
Dealing with currency exchange rates can be a minefield. With differing rates, commission, and other charges to consider, you may wonder how to get the best rate for your hard-earned cash.
We catch up with one of our clients to talk about her experience with our recommended currency exchange service.
The perfect time to sell dollars
The world of currency exchange known as Forex, or simply FX, is big business.
With trillions of dollars changing hands every day, it’s the largest, most liquid market in the world.
At the time of writing in mid-February 2020, the US dollar is peaking at a 33-month high against the euro.
This means it’s the perfect time to sell dollars and buy euros while taking advantage of this favorable financial situation.
Diane’s purchase in the French capital
One of our clients, Diane, recently purchased in the French capital. She’s with In the Know Paris, that offers personalized holidays here in our city.
Diane used our recommended provider moneycorp to assist with navigating the foreign exchange market and finding her dream home.
She says, “I have been in love with Paris for 40 years, and have been back and forth since then.
“My husband and I have spoken about purchasing a property in Paris for over 25 years. Now that we are closer to retirement, we decided it was time to do it!”
The benefits of using an FX service
But what did Diane find most challenging about buying a property abroad?
“Finding the right property was our priority, of course. But with dollar rates being so dependent on world events, it made sense to utilize the services of a reliable FX service. It was very straightforward, and reasonable too.
“The company we used assisted with our international transfers, saving time and money on each transaction.
“It was easy to communicate with them, they were friendly, and we would absolutely recommend this service to anyone looking to buy property abroad.
“Our daughter lived in Paris for university, and we transferred money through our bank for years. We now realize we paid a premium for this. Looking back, we could have saved so much!”
Here to help you with your transaction in Paris
The bottom line is this. Whether you’re buying property in Paris, emigrating here, or simply transferring funds to family across the Pond, a recommended currency exchange expert such as moneycorp can help send your money abroad where you want and when you want.
And the current peak of the US dollar euro currency exchange rates makes it the perfect time to do so.
For any queries about relocating and buying real estate in Paris, we are here to help. Don’t hesitate to get in touch with the friendly, knowledgeable team at 56Paris today.
Photo source : Matthieu Oger