{"id":100356,"date":"2019-10-16T13:56:08","date_gmt":"2019-10-16T11:56:08","guid":{"rendered":"https:\/\/www.shbarcelona.com\/blog\/en\/?p=100356"},"modified":"2022-02-14T12:19:21","modified_gmt":"2022-02-14T11:19:21","slug":"tips-for-transferring-pounds-or-dollars-to-rent-a-property-in-barcelona","status":"publish","type":"post","link":"https:\/\/www.shbarcelona.com\/blog\/en\/tips-for-transferring-pounds-or-dollars-to-rent-a-property-in-barcelona\/","title":{"rendered":"Tips for Transferring Pounds or Dollars to Rent a Property in Barcelona"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Do you intend to <strong>travel to Barcelona<\/strong> this year or next? If so, you\u2019re sure to enjoy the Catalonian capital, with its amazing Sagrada Familia, a one-of-a-kind nineteenth-century basilisk designed by famed architect Antoni Gaud\u00ed. As well, as the astonishing Park G\u00fcell, Casa Batll\u00f3, plus La Rambla avenue of shops, sights and restaurants.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Whether you\u2019re interested in football, architecture, Spanish culture, history, or good food and drink, Barcelona has something for you.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">If so, when you visit Barcelona, you might like to stay in the center of the city, <span class=\"removed_link\" title=\"https:\/\/www.shbarcelona.com\/barcelona-rent\/ciutat-vella\/born-sant-pere-caterina\">renting an apartment in neighborhood of El Born<\/span> or near the technological district in <a href=\"https:\/\/www.shbarcelona.com\/barcelona-rent\/sant-marti\/poblenou\" class=\"broken_link\" rel=\"nofollow\">El Poblenou<\/a>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Of course, when you travel to Spain and <a href=\"https:\/\/www.shbarcelona.com\/\">rent a Barcelona apartment<\/a> with ShBarcelona, one of the things you may have to do beforehand is to <strong>exchange currency<\/strong>. After all, Barcelona is a city in Spain, part of the Eurozone, which uses the euro.<\/span><\/p>\n<div id=\"attachment_100357\" style=\"width: 402px\" class=\"wp-caption alignleft\"><img aria-describedby=\"caption-attachment-100357\" class=\"wp-image-100357\" src=\"https:\/\/www.shbarcelona.com\/blog\/en\/wp-content\/uploads\/2019\/10\/pounds-2391239_1280-300x225.jpg\" alt=\"Pounds\" width=\"392\" height=\"295\" \/><p id=\"caption-attachment-100357\" class=\"wp-caption-text\">Photo via Pixabay<\/p><\/div>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">The crucial point in this issue is the <strong>interbank market rate<\/strong>. We mean the exchange rate that multinational corporations use to exchange vast sums with each other on a daily basis. Ordinary individuals and businesses can\u2019t access the interbank rate.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">With this in mind, you\u2019ll be pleased to hear that both the pound sterling and so-called greenback have strengthened against the euro on the interbank market recently. In the following article, we\u2019ll also examine what might affect the interbank exchange rate in 2020. However, we can still tell you what\u2019s happened to the interbank exchange rate recently, and why, for when you rent a Barcelona apartment.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.shbarcelona.com\/blog\/en\/tips-for-transferring-pounds-or-dollars-to-rent-a-property-in-barcelona\/#GBPEUR_Rises_Since_Early_August_2020_Outlook_Depends_on_Brexit\" title=\"GBP\/EUR Rises Since Early August, 2020 Outlook Depends on Brexit\">GBP\/EUR Rises Since Early August, 2020 Outlook Depends on Brexit<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.shbarcelona.com\/blog\/en\/tips-for-transferring-pounds-or-dollars-to-rent-a-property-in-barcelona\/#US_Dollar_Gains_Against_Euro_as_Americas_Economy_Comparatively_Robust\" title=\"US Dollar Gains Against Euro, as America\u2019s Economy Comparatively Robust\">US Dollar Gains Against Euro, as America\u2019s Economy Comparatively Robust<\/a><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"GBPEUR_Rises_Since_Early_August_2020_Outlook_Depends_on_Brexit\"><\/span><span style=\"font-family: georgia, palatino, serif;\"><strong>GBP\/EUR Rises Since Early August, 2020 Outlook Depends on Brexit<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Still, when we read or hear about the exchange rate on the news, they normally refer to the interbank exchange rate, and we can use it to see when sterling rises versus the euro.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">The <span class=\"removed_link\" title=\"https:\/\/www.poundsterlingforecast.com\/charts\/gbpeur-rates-and-charts\/\">British pound to euro interbank exchange rate<\/span> has risen in the past three months, by around +7.6%. As a result, <strong>when you exchange GBP to EUR to rent a Barcelona property<\/strong>, you could now receive a <strong>higher euro total<\/strong>, than if you\u2019d done so in early August.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Sterling has risen versus the euro, in part because the financial markets are more optimistic about the UK\u2019s Brexit negotiations. Back in early August, it looked as if new UK Prime Minister Boris Johnson was both planning and aiming for a \u2018No Deal\u2019 Brexit. Since then, Mr. Johnson has made seemingly sincere efforts to reach a deal, which has alleviated the world\u2019s investors.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Looking ahead, the pound to euro interbank exchange rate might affected, depending on if there\u2019s a Brexit deal in the foreseeable future. In particular, if the UK and EU can find common ground, then it\u2019s thought that this will favour the UK\u2019s future economic growth, compared to if there\u2019s \u2018No Deal\u2019. This could be worth keeping an eye on, for when you visit Barcelona.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"US_Dollar_Gains_Against_Euro_as_Americas_Economy_Comparatively_Robust\"><\/span><span style=\"font-family: georgia, palatino, serif;\"><strong>US Dollar Gains Against Euro, as America\u2019s Economy Comparatively Robust<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">If you\u2019re an American visiting Barcelona to rent an apartment with <strong>ShBarcelona<\/strong>, it may interest you to know that the US dollar to euro interbank exchange rate has risen by +4.04% in 2019.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">In fact, this interbank exchange rate stands just -1.38% below the mighty buck\u2019s strongest versus the common currency in over two years, or since April 20th 2017.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">This means that, when you exchange US dollars for euros, you might find that <strong>renting a Barcelona property is more affordable than if you\u2019d done so in early 2017<\/strong>. You might also find that you\u2019ll get more spending money in terms of euros, compared to if you\u2019d exchanged currencies to visit Barcelona in the last couple of years.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">One contributing factor why the US dollar to euro interbank exchange rate has risen so far in 2019 is because the US economy remains comparatively robust next to the Eurozone\u2019s.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">After all, US interest rates currently stand at 1.75%-2.00%, well above the euro area\u2019s 0.0%. This suggests that the US economy can withstand higher borrowing costs, and still prosper, while the Eurozone needs taking out loans to be as cheap as possible to grow.<\/span><\/p>\n<div id=\"attachment_100361\" style=\"width: 491px\" class=\"wp-caption alignright\"><img aria-describedby=\"caption-attachment-100361\" class=\" wp-image-100361\" src=\"https:\/\/www.shbarcelona.com\/blog\/en\/wp-content\/uploads\/2019\/10\/dollar-1443244_1920-300x134.jpg\" alt=\"1 dollar bills\" width=\"481\" height=\"215\" \/><p id=\"caption-attachment-100361\" class=\"wp-caption-text\">Photo via Pixabay<\/p><\/div>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">In addition, even though the United States and China have been involved in a trade war for the last 18 months, the Eurozone is arguably the biggest loser. This is because Europe, and especially Germany, exports vast amounts to the USA and China, so their economy has weakened, as global trade flows goes into reverse.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Looking to 2020, both the United States\u2019 and Eurozone\u2019s economic health, and the US Federal Reserve\u2019s and European Central Bank\u2019s comparative interest rates, could continue to affect the USD\/EUR interbank exchange rate. You might like to bear this in mind, for when you exchange currencies, to visit Barcelona.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">In the meantime, both the <strong>pound and US dollar have risen against the euro<\/strong> on the interbank market recently, which could make <a href=\"https:\/\/www.shbarcelona.com\/\">renting a Barcelona apartment <\/a>with ShBarcelona more affordable for you.<\/span><\/p>\n<div style=\"display: none;\"\n    class=\"kk-star-ratings kksr-valign-bottom kksr-align-left \"\n    data-id=\"100356\"\n    data-slug=\"\">\n    <div class=\"kksr-stars\">\n    <div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n    <\/div>\n    <div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 25px; height: 25px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    <div class=\"kksr-legend\">\n            <span class=\"kksr-muted\">Rate us!<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Do you intend to travel to Barcelona this year or next? If so, you\u2019re sure to enjoy the Catalonian capital, with its amazing Sagrada Familia, a one-of-a-kind nineteenth-century basilisk designed by famed architect Antoni Gaud\u00ed. As well, as the astonishing Park G\u00fcell, Casa Batll\u00f3, plus La Rambla avenue of shops, sights and restaurants. Whether you\u2019re [&hellip;]<\/p>\n","protected":false},"author":145,"featured_media":100359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4492],"tags":[],"_links":{"self":[{"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/posts\/100356"}],"collection":[{"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/users\/145"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=100356"}],"version-history":[{"count":8,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/posts\/100356\/revisions"}],"predecessor-version":[{"id":110023,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/posts\/100356\/revisions\/110023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/media\/100359"}],"wp:attachment":[{"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=100356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=100356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shbarcelona.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=100356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}