Currency Exchange in Portugal

Currency exchange in Portugal is a common transaction in many Portugese banks, but they tend to have different exchange rates based on the denominations being bought or sold. There is also a usual .5% commission charge, although some banks do not impose any charge for transactions worth up to a certain minimum. The expats often check with their local day to day bank back home to compare the exchange rates for regular transfers.

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Currency Index is a foreign currency brokerage responsible for sending your money from Portugal to your home country. Its services include great currency exchange rates, real-time and secure payments and you get to interact with well-skilled and experienced representatives. It is monitored by the Financial Conduct Authority and Her Majesty’s Revenue and Customs.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Moneycorp is an expert currency exchange services provider to individuals and even corporate clients. It will assist you with international money transfer through one-off and regular payments. It will give you the best currency exchange rate and will let you experience the most efficient customer service when transferring money from Portugal to overseas.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments