When it comes to sending money to France, fortunately, you have many great options available to you no matter where you are from. Many of the leaders in the money transfer industry are available in France. This includes the cheapest, easiest, and most secure options on the market.
The current exchange rate for the Euro (EUR) is 0.9016 EUR per American Dollar (USD) as of the time this was written. The average exchange rate for the EUR was 0.8906 EUR per USD over the last 90 days. The EUR reached a high of 0.9032 EUR per USD, and a low of 0.8772 EUR per USD during the last 90 days.
The average volatility rate of the EUR against the USD was 0.27% over the last 90 days. This is a moderate volatility rate, and the EUR exchange rate has been fluctuating moderately over the course of the last year. Going forward, you can reasonably expect minor fluctuations to continue, barring any unforeseen circumstances.
The fastest way is through the faster services offered by industry leaders such as Western Union. With Western Union, you can expect your money to arrive on the same day, often in a matter of minutes. The main drawback is that this option is very expensive.
The other option available to you is Ria Money Transfer. The only thing you need to remember is to use their faster option. Ria Money Transfer’s fast option is significantly more expensive than the slow version, but they still offer competitive rates.
The cheapest way is through OFX. OFX doesn’t have any upfront, stated fees, and their hidden currency conversion costs are very low. OFX comes with a focus on larger transfers, and they have a sliding scale from 0.4% for smaller transactions to 1% for larger transactions. The only real problem is that they have a minimum transfer amount.
If you prefer sending smaller amounts of money, TransferWise is the second cheapest way to transfer money.
The easiest way is through TransferWise. TransferWise is a newer, peer-to-peer money transfer service that allows you to send money with three simple steps. First, you just tap in the amount of money you need to send, then you tap the destination. After that, you just complete the necessary payment to TransferWise, and your money is on the way to its French destination.
The overall best way is through TransferWise. While OFX may be cheaper, and other options are faster, TransferWise is more generically useful and lacks the minimum transfer limit that OFX carries.
When it comes to transfer speed, it does take one or two days to reach the destination. However, their ease of use and reasonable rates make them the overall best method for sending funds to France.
TransferWise is also recommended when: