Great time to rent apartments in Portugal, as pound hits 7-year high

Welcome to Pure FX’s guest article about the foreign exchange rate.

This tells you the best time to exchange currencies, so you can get more euros when you rent an apartment in Portugal.

Sterling hits a 7-year high versus the euro!

The pound to euro exchange rate has hit 1.4253 this week, its strongest in 7 years and 4 months, or since November 2nd 2007.

By contrast, sterling was at just 1.1999 at the start of 2014. Hence, it’s since risen by +18.79%, or +22 cents.

To put this into context, a £2,500 currency exchange to rent an apartment in Portugal would hence get you +€560 more now than on January 1st 2014.

So, it's the ideal time to rent in Portugal, as the record high exchange rate makes it more affordable to do so!

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We’ll tell you when the best exchange rate becomes available.

Peter Lavelle

Pure FX

http://www.purefx.co.uk

+44 (0) 1494 671 800

peter.lavelle@purefx.co.uk