Portugal, also officially known as Portuguese Republic is a country in south-western Europe. Portugal is a developed and high-income economy of Europe. Portugal is a part of Eurozone since it was established and Portuguese currency is Euro (EUR).
People of Portuguese origin are spread across the world since the colonization era. Later years have also seen Portuguese migrating. Portugal received $ 4.36 billion in year 2015; mainly from Brazil, Canada, France Germany, Spain, Switzerland and the United States.
When you transfer money to Portugal, you can send it in EUR or USD from UK and US. There are also many money transfer services other than banks who provide remittance services at cheaper cost. You can quickly and easily compare all money transfer options to send money to Portugal on an intelligent comparison platform like ExchangeRateIQ.
ExchangeRateIQ is a unified search and compare platform for international money transfer. It lets you compare remi
Current Exchange Rate(Mid Market) :- 0.8571 EUR/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.