France continues to stay on world’s top remittance receivers. In year 2015, France received a whooping $24.60 billion and was on fifth position across the globe. The french diaspora, inheriting their rich cultural values, has a good connection with their home. This is the primary reason that France is the most remittance receiving country among high-income countries.
Major inflow of remittances to France comes from US and European countries like Germany, Spain, Belgium, Portugal, UK, Italy, Switzerland. The remittance market of France has continued to see growth in terms of numbers and services. The market is quite mature with presence of most of the global operators.
When you need to send money to France, you should use a remittance comparison service like Exchange Rate IQ to explore and compare various money transfer services. Before you transfer money to France, you should compare the exchange rate and remittance fee. With an estimated value in EUR for the money t
Current Exchange Rate(Mid Market) :- 0.8576 EUR/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.