And here’s this weeks update courtesy of @SteveEakins from Lumon:
USD Buying Opportunity?
There’ve been some key updates from the US economy this week, including consumer data releases. However, in real terms, it’s President Trump and Elon Musk who are driving much of the USD’s value movement, with tariff discussions remaining a crucial factor.
At the moment, USD/EUR rates are at a one-month low— so, great news for anyone buying USD with euros but less favourable for those bringing money into France from the US.
That being said, I’m working with a lot of US-based buyers moving into Europe, particularly France. They’ve been among the most active international movers this year. Everyone has their own reasons for relocating, but the financial benefits of a strong USD are certainly playing a role. A €1.5m property is now over $135,000 cheaper compared to just four months ago!
Sterling to Euro update - Near the 2025 high.
Meanwhile, GBP/EUR rates have remained relatively flat this week, but many expect a breakout in the coming days. Right now, buying euros with pounds is close to the best levels seen since the start of the year. A €500,000 property in France is currently £10,000 cheaper than just three weeks ago.
All this movement really highlights why currency transfers shouldn’t be left until the last minute. Proactive planning is key—as I’ve seen first-hand, exchange rate swings can cause property sales to fall through, with buyers caught out by changing costs between offer acceptance and signing. Don’t let that happen to you! Feel free to get in touch and see how I can help!