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Algarve currency service

At Exclusive Algarve Villas we welcome the opportunity to provide an added value service to our clients. There are numerous situations where you need to make a payment in another currency. Perhaps you are considering a property purchase or you are already an owner of a property in Portugal with normal bills to pay. Maybe you are looking to book a dream holiday in this magical country and come back year after year. We traditionally turn to our high street banks to fulfill this transaction but they do not generally provide a competitive exchange rate and will charge you for the service. This can make a significant difference on the amount it will eventually cost you.

After a considerable amount of research we are delighted to advise that Exclusive Algarve Villas have formed a partnership with Global Currency Exchange (GCEN) to offer you the very best in foreign exchange services. GCEN understand the importance of a secure, fast and efficient service. They are HMRC and FSA regulated and authorized. They also understand the need to deliver a highly competitive exchange rate with no hidden costs, each and every time. GCEN eliminates the risk of fluctuating currency rates by fixing the rate at the time of the currency purchase. Payments can also be accepted from a UK debit card. Other methods of purchasing currency are forward buying (up to 1year) and monthly payments.

Protect yourself against fluctuating exchange rates

Small movements in the exchange rate can prove costly when purchasing a property overseas. Planning ahead and fixing your exchange rate at the time of agreeing the purchase can save you thousands and give you the peace of mind of knowing how much your property in Portugal will cost you.

If you intending on purchasing a €350,000 property and agree the sale when the exchange rate is 1.18, your property will cost £296,610. If the exchange rate drops to 1.16 when you complete same property now costs £301,724. That’s an extra £5114!

Planning ahead and fixing the exchange rate for the future could have saved you over £5000.

Of course, exchange rates can go up as well as down. In order to minimize the risk Exclusive Algarve Villas recommend our clients speak to GCEN to discuss the cheapest, easiest and safest way to transfer their money.

GCEN has a wealth of experience dealing with corporate clients, migrants and clients buying property from overseas. A UK based company, their office in Portugal specializes in overseas clients buying and Exclusive Algarve Villas in Portugal, including the Scandinavian and UK markets.

The first step is to register with GCEN. Registration is completely free and with no obligation but it is necessary for our currency partners to make a quotation. Click on the link below and we will ask our currency partners to contact you as soon as possible to explain their services directly.

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