Buy Property Algarve - Currency exchange - Foreign currency exchange for the Algarve

We can save you Money on Currency Exchange

Whether you have already found your dream home, or you are still looking, it is important to know that even a minor change in exchange rates can make a dramatic difference to the price of your home.

Protect yourself from fluctuations in the exchange rate.

In January 2007 the pound stood as high as 1.5296 to the Euro meaning a €150,000 property would have cost you £98,064.85 – when the rate dropped to 1.4226 in September 2007, the same property would have cost you £ 105,440.74!

Therefore planning ahead and fixing a rate for the future could have saved you nearly £7,500.

Of course, exchange rates can go up as well as down. However, in order to minimise the risk, Buy Property Algarve.com have partnered with a well-known foreign exchange provider, which enables our clients to benefit from the best possible exchange rates.
We recommend that all clients speak to our partners, Global Currency Exchange Network (GCEN) to discuss the cheapest and easiest way of transferring their money, as well as talking through the option of pre-fixing your exchange rate for up to two years in advance.
GCEN has a wealth of experience in dealing with corporate clients, migrants as well as clients buying property overseas. They understand the importance of a fast and efficient service, which guarantees that all payments are made on time and are provided by a friendly but professional Currency Dealer.
GCEN can save you money on all currency transactions. Working directly with HSBC Treasury, they buy currency in bulk, therefore obtain 'wholesale' rates of exchange, which means that they are able to offer our clients much more preferential exchange rates than the banks can offer directly, including HSBC themselves.

GCEN can offer you:

Superior commercial exchange rates

No Fees or commissions

No receiving fees with all Spanish banks

No telegraphic transfer costs

Your own currency dealer

Forward buying up to two year’s in advance

Opening of foreign bank accounts

Regular monthly payments for pensions and mortgages at commercial exchange rates

Friendly but professional service

The first step is to register with GCEN. Registration costs nothing, and is obligation free but is necessary for our partners to make a quotation.
Click on the link below and we will ask our partners to contact you as soon as possible to explain their services directly.