Send money internationally to France (EUR) using the mid-market exchange rate. Check and compare the rates from the major financial providers.
Send money to France
What is the best EUR exchange rate today?
How much does it cost to send money to France?
- International money transfers shouldn’t be expensive.
- Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
A few figures about demographics and remittances in France
How many French are abroad? More than 2 millions of French actually live outside France, of which more than the half are in Europe. The countries where the French are the most present are Spain, the United States of America, Belgium, Switzerland, Italy, UK, Germany, Canada and Portugal.
How many foreigners are in France? 7,4 millions of foreigners live in France, of which: 1,4 millions come from Algeria, around 900'000 from Morocco, 630'000 from Portugal, 400'000 from Tunisia, 350'000 from Italy and 300'000 from Spain.
Based on these figures it is not surprising that remittances to France represent a big market. France is the 5th country which receives the most of remittances with a total of 22 billions of $ in 2015, rising by 22% over the last three years (according to the WorldBank's report).
What solutions exist to send money to France?
From the European Union: Making international money transfers within the European Union is now (in theory at any rate) easier and less costly than it used to be, as a result of EU moves to create a single system for electronic payment borders.
If you transfer Euros between countries within the European Union (plus Iceland, Liechtenstein, and Norway) then the charges that apply should be same as those that apply to corresponding transfers within a country.
From outside the European Union: There are no international conventions, so each bank is free to apply their own charges.
The first place many people go when they need to send money abroad is to their bank. While banks can certainly send money overseas for you, they unfortunately charge huge fees for doing so and offer exchange rates far below the mid-market rate.
You better have to look at a money transfer company to wire funds. There are plenty of options out there to send money to France. These companies are specialized in international transactions and can offer much better exchange rates than any major bank. They usually also charge lower fees and guarantee fast and secure transfers. The best practice is to compare the solutions with a comparison service for international money transfers.