The rollercoaster ride for Sterling continues… Just two weeks ago we saw a peak of €1.176. Since then it’s been a steady decline, currently sitting around €1.141
For anyone selling property, or who needs to move money from France to the UK, this is good news. For example, a Currencies Direct client who sold and who had €150 000 to transfer back to the UK would have received approximately £127,551 on 5th May. Today the same transfer would buy them approx. £131,463 – almost £4,000 more!
Now could be a good time to get in touch with anyone considering an offer, or in the process of selling? Don’t forget with Currencies Direct clients can lock in a rate for up to 12 months – and given the current volatility in the GBP/EUR pairing it’s easy to see why this is a good option for anyone buying or selling property..
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P-O Life receives a small commission from Currencies Direct when readers use them for their money exchange. This goes towards maintenance and upkeep of the site, not on beer and wine as those who know me might suspect! 🙂 Thanks for your support.
Kate
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Selling Your Property in France?
One key benefit for those who are selling and moving away from France is that Currencies Direct holds a euro account here in France. This makes life so much easier for anyone selling! You register with Currencies Direct, receive your CD account number and the RIB for their Paris based Euro account, which you pass on to your Notaire as your instruction for onforwarding of sale proceeds.
Currencies Direct receive the euros, convert at the agreed exchange rate and forward on to their destination bank account – wherever they are in the world. Simple, easy and very efficient…
Currencies Direct cite the example of a lady who has recently moved back to the UK – her funds are stuck in her French bank account who are insisting that she visits the branch in person to close her account but she is unwell and unable to travel.
