What’s the best way of moving my money from here to central Portugal?
I have money in my bank account to buy my property. I want to know how to transfer it to Euros at the best possible rate.
I don’t want to lose money when I transfer my money to central Portugal
The answer is a Foreign Exchange Service.
The Foreign Exchange (currency, forex or FX) market is where currency trading takes place. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions.
Why is this important… If you have Sterling equivalent 100,000 Euros to transfer from your UK Bank to your account or the account of your lawyer in Portugal you want to make sure that you are not losing money. For instance if you had a transfer fee of only 1% difference in rates You are loosing 1,00 Euros !!! in other words more than a years water and electricity charges for your new life in central Portugal.
Here are a few companies that may be able to help you and give you the opportunity to compare transfer rates and charges.
OANDA.com, The currency site provides currency and foreign exchange rates.
Travelex.com, for all your foreign exchange, foreign currency, foreign money.
Globex Foreign Exchange, globexfx.com. Is an international leader in business foreign exchange as well as large scale personal foreign currency exchange transactions.
OzForex, ozforex.com.au. Offers better rates, great service and an easy way to transfer and receive funds internationally.
Foreign-currency.com. Our travel money service allows you to securely order foreign currencies and traveller’s cheques at unbeatable exchange rates as well as zero commission …
Americanexpressforex.com. American Express Foreign Exchange Service offices.
Thomascook.com. Corporate Foreign.
Torfx.com. TorFX is a leading provider of foreign exchange services, offering competitive exchange rates for foreign currency exchange.
Moneycorp.com. you can rely on our expertise, guidance and personal service. … Managing foreign exchange risk when making international payments can be challenging
Travelex.co.uk. Find the best foreign exchange rates and get commission-free foreign currency.
Remember taking a little care in selecting you financial transfer partner can save you a bundle and make your home purchase in central Portugal easier.
Tags: currency conversion, currency portugal, money transfer, portuguese banks, pound to euro
