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France Property Currency Guide for International Buyers

Managing currency and international transfers is an essential step for any international buyer purchasing property in France. Understanding exchange rates, banking processes, and transfer fees can help reduce costs and ensure smooth transactions.

France uses the Euro (€), and all property transactions, taxes, notary fees, and insurance premiums must be paid in Euros. Buyers from outside the Eurozone need to plan for currency conversion and timing to avoid losses due to exchange rate fluctuations.

Most international buyers use specialist foreign exchange services or banks with multi-currency capabilities to transfer funds efficiently. Large property purchases are particularly sensitive to market swings, so consulting a currency specialist can protect against adverse rates and reduce fees.

French banks allow direct international transfers into a French account, but fees and processing times vary. Opening a French bank account is typically required to pay the deposit, notary fees, taxes, and ongoing property expenses. See our Banking Guide for full details.

Buyers should also consider using forward contracts or rate locks to manage exchange rate risk. Forward contracts allow buyers to secure a fixed exchange rate for future payments, which is particularly useful for completing deposits, mortgage instalments, or final balances.

All transfers must comply with French anti-money laundering (AML) and Know Your Customer (KYC) regulations. French banks typically require proof of source of funds, bank references, and documentation of transaction purposes.

When budgeting for your purchase, remember that currency conversion affects mortgages, taxes, insurance, and ongoing property costs. Our guides to Mortgages, Insurance, and Taxes & Fees provide detailed breakdowns.

International buyers often work with developers, brokers, or legal advisers to coordinate currency transfers securely. Trusted sources include France Property Developers and France Property Directory.

Planning currency transfers in advance helps buyers avoid delays, take advantage of favourable exchange rates, and ensures funds are available when needed for deposits, notary fees, and mortgage completion. This is particularly important for high-value properties in Paris, the French Riviera, Provence, Bordeaux, and the Alps.

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