Mon 9 Dec 2024 23:10GMT
Sending money? Save time and money on your currency transfers by securing competitive exchange rates with an FX broker
For making an online money transfer to Portugal first check out the currency exchange brokers because they tend to get competitive rates. See below the live interbank exchange rates for sending money to Portugal bank accounts:
Can there really be a big difference in what you actually get when converting your home currency into euros by going to a currency broker rather than a high street bank? Yes - and this applies both to regular overseas mortgage payments and large one-off transactions - for two main reasons: currency brokers tend to secure the most competitive exchange rate and don't generally charge fees.
Pound Sterling (GBP) The Pound has fallen by -0.3% against the US Dollar today, in addition to trading tightly against the Euro. This disappointing performance has been caused by remarks from Bank of England (BoE) policymaker Jonathan Haskel, who will be starting work in September this year. Mr Haskel will be replacing hawkish policymaker Ian McCafferty but has been more dovish in his outlook, meaning that there may be few interest...
Pound Sterling The day’s raft of UK employment data proved more mixed than traders had hoped, as Jobless Claims Change showed a greater rise in claims for unemployment benefit and Average Weekly Earnings fell short of expectations. However, although the Pound initially turned bearish, this was counteracted by the revelation that the domestic Unemployment Rate had fallen to a fresh seven-year low of 5.3%. Coupled with a more hawkish...