Person typing on laptop keyboard with Euros and Pounds symbols over the image to simbolize the currency exchange business of Privalgo

How Privalgo is disrupting the currency exchange industry

Text by Privalgo

As you’ve probably noticed, businesses have changed in recent years. Nowadays, you can make payments, store money away, and order taxis — just with a press of a button. It’s the FinTech revolution.

Privalgo, a leading UK-based currency exchange company, is part of that revolution. Our clients (British expats relocating to Portugal) can view exchange rates, transfer currencies, and keep money in E-wallets — all in a few simple clicks. With intuitive technology, everything is made easy and efficient.

Moreover, this level of ease comes at no further cost to you, the client. Our exchange rates are excellent, and we never charge any hidden fees. This means you can gain the utmost value when you exchange pounds for euros and send money to Portugal.

However, when Privalgo’s founders set out to create a new type of currency exchange company, they realised they were disillusioned with the new breed of entirely online foreign exchange brokers.

The exchange rates and interfaces were good, but these companies lacked a level of personal service — or in other words, somebody there on the phone.

That’s why Privalgo was built with service in mind. Along with having access to an intuitive client portal, you are also assigned a dedicated Currency Specialist.

We like to call them Relationship Managers.

Your Relationship Manager will be an expert in the currency markets. They’ll be able to guide you on your transfers, using their thorough research of market news to help you understand the best time and strategy to make trades.

Your Relationship Manager will take the time to comprehend your requirements. With this information, they’ll be in a better position to help you formulate the optimal foreign exchange strategy.

Depending on your specific needs and the current state of the markets, your Relationship Manager may suggest a Forward Contract — a way to lock in an exchange rate and hedge against market volatility. Or they may suggest a Market Order — a smart method to take advantage of volatility by targeting a potentially more favourable rate in the future. Or simply, they may just suggest a same-day transfer.

Whatever foreign exchange strategy you create with your Relationship Manager, they’ll be there every step of the way to guide your hand, keep you abreast of any changes to your exchange rate, and field any questions you may have.

The way we see it – this extra level of personal service is how we achieve the best possible outcomes for our clients.

+44 (0) 20 3880 0575
[email protected]

We’re Privalgo — specialists in currency exchange. We are authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution. (Reference number: 900887)
Through leading exchange rates, zero hidden fees and innovative solutions, we help Brits save money and time when they move to Portugal. Get in touch today to see how we can help you build a rewarding foreign exchange strategy.

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