We have moved our office in Portugal
We are very pleased to announce that Global Currency Exchange Network, GCEN in Portugal, have moved office within Lagos.
It´s now much easier to find us and you can park very close to the office.
GCEN have been based in the Algarve for many years. Clients who are based in the Lagos area have always been able to find our previous office. As we are catering for many more clients all over the Algarve, we were receiving feedback that many people were struggling to find us, and park. So, we moved to a larger office, with better parking facilities.
Click to enlarge
In response to requests by a few clients, we have ensured that our new office has a private meeting room, in addition to the main office. Our new office is based in one of the business areas of Lagos, close to many lawyers.
GCEN, offer a variety of currency exchange services including:
- The very best currency exchange rates available
- No Commission charges
- No outbound transfer charges
- Regular Monthly Transfers
- One-off currency exchange deals
- Property deposit payments by credit card
- Property purchase and sale funds transferred to/from developers and lawyers
- Currency exchange for individuals and businesses
- Online currency exchange accounts
We offer a fast, friendly, service for bank-to-bank currency exchange.
Alison and India very much look forward to seeing you.
Please call in or contact them here.
Tel: 00351 282 768 136.
or UK rate: 0044 (0)1622 815201
Aussie Dollar drops dramatically
A quick alert bulletin on the Australian Dollar
One of the major currencies saw substantial movement yesterday and you may wish to take advantage of this.
The Aussie dollar has had a rough ride on the currency markets for around a month. But the AUD dipped substantially yesterday against the US Dollar, Pound and the Euro.
Now could be a good time make your move as this slide has taken a very dramatic turn.
Yesterday:
- The Aussie dollar lost around 2 cents against the US Dollar.
- The Euro gained around 4.5 cents.
- The Pound gained around 4.4 cents
Just a month ago, the Aussie dollar was at 0.92 against the USD. It’s dipped today to 0.8356.
If you’d like to discuss how we can help you to buy, or sell Australian Dollars, please get back in touch soon. If you don’t have the full amount to trade now, but would like to buy straight away, we can do this by using a 10% deposit.
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Latest Currency Exchange rates news
pm, May 18th 2010. Latest Currency exchange rates movements.
Now that the UK Election has been decided, the markets have settled into slightly more predictable fluctuations. Yesterday was a fairly quiet day for currency rates, with the Euro consolidating a little after its rapid descent. Don’t expect this to be the end of the euro slide though. The markets show large numbers of speculators don’t have much faith in the Euro at present.
GBP to USD: The latest news from the USA suggests that they now have a robust economic performance, relative to the UK and Europe. This has led to the Pound sliding against the Dollar. It wasn’t so long ago, that we saw $1.63 to every £1. We are now seeing around $1.44. It would seem that everyone has run for the safety of the dollar.. and Gold.
EUR to USD: The Euro has taken a battering from the US Dollar. It was only towards the end of last year when you could get a rate of 1.50. It’s now heading down, very close to 1.20. That’s a drop of 20%! Predictions are that the markets still don’t like the overall weakness of the economies in the Eurozone and this rate may drop further over the next few days.
GBP to EUR: The costly and hastily “cobbled together” aid package for Eurozone economies hasn’t convinced the markets, and the Pound has strengthened slightly against the euro. If economists are to be believed, we may see the Pound strengthening even more, as we approach the forthcoming emergency budget. However, don’t be overconfident about the strength of the pound against the Euro. As we get closer to the budget annoncements, we may see the pound value start to fluctuate wildly. Let us know what rate you would like here, and we will contact you.
AED to AUD: The Australian Dollar (Aud) has been riding a high against the UAE Dirham. In the last year, we have seen the Dirham dip from around 0.3005 aud right up to around 0.3037. That’s around 10% in a year! Is this the time to consider selling Australian dollars and buying AED? Maybe buy forward with just 10% deposit though us?
With currency rates fluctuating as much as they are at the moment, now may be a good time to buy your currency ahead of time buy using our “forward currency contract” mechanism. This only requires a 10% deposit initially from you.
If you would like to discuss any aspect of currency conversion with one of our experienced currency dealers, please contact us here and we will get back to you.
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Get Ahead. Get the latest Real Estate Software
Thinking of changing your website to a Blog-style? We have good news. 
Finally, there’s a WordPress real estate plugin that not only works, but is great for SEO and is already compatable for the predicted onslought of Google Base. It’s so good, that we’re changing all of the Globalprops agents sites to this real estate software.
You can download it for FREE here. Or, if you are already part of Globalprops, we will soon begin converting your free sites to this great real estate plugin software.
If you aren’t part of Globalprops. No matter. Join here and we’ll create you a free website using this software.
However, you might want to consider parting with just $50 and get yourself the fully loaded real estate plugin for WordPress. It’s not much, when you consider how much you have to gain with SEO and saving time with xml feeds.
It offers a fully integrated property listing search tool (unique to property blogs and much better for the visitor). It also offers an XML listing feed for import and export. For examples, visit:
www.ibizavillasforsale.com and www.property-for-sale-in-spain-almeria-mojacar.com
Here’s a few pointers from the Realpress site, about the real estate site plugin for WordPress users:
Worried about the state of the Pound?
How will the low Pound value, against the Euro, affect International Estate agents?
Over the last week, we have seen the pound decline in value against the Euro. This has started to affect sales that estate agents have agreed some time ago.
Buyers are pulling out of the deals claiming that the Pound has lost so much value, that the properties they agreed to buy, some time ago, will now cost them many more pounds.
This was avoidable. Sadly, many clients chose to ignore good advice to fix the rate at a given point some months ago when the rate was around 1.17 euros to 1 Pound. They are now faced with getting around 1.08 Euros to a Pound. When put into context, with a house purchase of 200,000 euros, that´s a difference of 14,245 British Pounds!
Your buyer will now have to choose between:
- finding the extra money
- buying another property that´s 14,250 GBP cheaper
- pulling out of the purchase altogether
What can Global Currency Exchange Network do about this?
There´s nothing we can do about the current exchange rate, but we can help by:
- constantly reviewing the rate and calling your client as soon as it rises sufficiently to mitigate the perceived loss
- register the clients for what we call a “Limit Order”. This is an agreed exchange rate that the client will be happy to buy their Euros at. In this case, it could be 1.10 euros to 1 GBP. We then call the client as soon as the currencies hit this rate and they have the option to buy at that moment. (More on how we do this later)
- We register the clients for what we call a “stop-loss order”. This is a point at which the client has the option to buy the currency so that the loss doesn´t get any greater. Using this example, this could be set at 1.06.
How to avoid all of this in the first place?
If you send your clients to us as soon as you have them appointed, we can discuss with them ways to improve their current perceived value of the Pound against the Euro. Of course, we will offer a better rate than any bank. In addition to this, we don´t charge for the transfer or any commission.
Using this example of a 200,000 euro purchase, a bank is likely to offer a rate of 1.06 euros to the pound and we would offer 1.08. The bank is likely to charge a commission of 30 euros and a transfer charge of up to 60 euros. Finally, we have negotiated that the local banks in Portugal and Spain won´t charge their usual recipient fee of 1% (2,000 euros). This represents a difference in charges of 2090 euros PLUS a rate difference of 3494 pounds
So by using GCEN, your client would be likely to save 5346 Pounds.
Quite a difference and likely to create a more stable sale / purchase for you
One last way to avoid this:
If the clients are introduced to us early enough, we can offer what we call a “Forward Currency Contract”. This is ideal for everyone. The client will only have to part with just 10% as a deposit (20,000 euros in pounds equivalent). After that, they have fixed the rate and can relax as their only commitment is to part with the balance on the date when the currency deal matures. This is usually set for a month after the sale is anticipated to go through. The client can complete the deal early by sending us the balance money and the property deal can go through on time.
We´re here to help you with your sales. Feel free to call one of us anytime if you think we can help.
Alison in Portugal, Marie in Costa Blanca, Lucy and Emma in Mojacar.
Contact your local currency dealer
Get the best exchange rates available today.
NO COMMISSION…
NO TRANSFER CHARGES…
BEST BUY and SELL EXCHANGE RATES.
Contact your local currency dealer:
Lucy and Emma in the Mojacar Office, Spain
Marie in the La Zenia Office, Nr Torrevieja, Spain
Contact Zoe at Fx-foreignexchange
Contact Zoe at the UK Head office of FX-Foreignexchange: 0044 1480 458 400
To cretae a new account, or apply to become a foreign currency exchange affiliate introducer, just contact Zoe and she will discuss how we can help you, or your business.
Apply to become a currency exchange affiliate here.
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Contact Marie at Global Currency Exchange Network
Contact Marie Etherington at GCEN, Global Currency Exchange Network in La Zenia Torrevieja Office in Spain
Call the Costa Blanca Office using a UK number: 0844 734 3299
Call the Mojacar Office in Spain: 0034 966 760 117
Email Marie at the Costa Blanca Office
Contact Lucy and Emma at Global Currency Exchange Network
Contact Lucy and Emma at GCEN, Global Currency Exchange Network in, Mojacar Office. in Spain
Call the Mojacar Office using a UK number: 01622 817954
Call the Mojacar Office in Spain: 0034 950 615 319
Contact Alison at Global Currency Exchange Network
Contact Alison Daun at GCEN, Global Currency Exchange Network in The Algarve, Portugal Office.
Call Alison using a UK number: 01622 815201
Call Alison in the Algarve: 00351 282 768 136
