Trusted partner · currency exchangeLumon — Currency Exchange for Buying Property or Moving Money to Portugal
Lumon is the currency specialist the Spainguru network works with for property purchases, deposits, pensions and relocation budgets moving from dollars into euros: a free consultation, a dedicated account manager and tools such as forward contracts, with teams in Lisbon, Vilamoura and Spain.
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By Bruno Bianchi, CEO of Spainguru (225,000+ community members) · Updated October 2026
25+ years
Lumon has handled overseas payments for private clients and businesses for more than 25 years.
Offices in Lisbon and Vilamoura
Plus six on the Spanish coast — teams on the ground who deal with Portuguese notaries, lawyers and estate agents every week.
A named account manager
One person who knows your timeline, from the first quote to the final payment — not a call centre.
Why the exchange rate matters more than the fee
Every property purchase, deposit, pension transfer or relocation budget coming from dollars has to become euros. On transfers of this size the rate and the timing usually matter far more than the fee: a 1% difference on €300,000 is €3,000. A currency specialist explains the options — spot transfers, forward contracts, limit orders — so a moving rate does not derail the budget you agreed with your lawyer or estate agent.
Which option fits your transfer?
| Amount | Best fit | Why |
|---|---|---|
| Under $5,000 | Wise, XE or your bank | Everyday transfers: rent, bills, topping up a Portuguese account. |
| Over $5,000 | Lumon (currency specialist) | Property, deposits, the D7 savings requirement, pensions, relocation budgets — where rate, timing and forward contracts make a real difference. |
Who you will talk to
Stephen (Steve) Eakins, Key Partner Director at Lumon, looks after the Spainguru network community. When you request a consultation, Steve and his team are the people who contact you — so you know who to expect a call from. The consultation is free and without obligation. Lumon is regulated in the UK (Lumon Pay Ltd, FCA) and serves EU clients through Lumon FX Europe Ltd, regulated by the Central Bank of Ireland — your contract names the entity that applies to you.
- Over 25 years handling overseas payments; offices in Lisbon and Vilamoura plus 6+ in Spain
- A named account manager from the first quote to the final payment
- Forward contracts and limit orders so a moving exchange rate does not derail your budget
Request a free currency consultation
The request form is on our sister site Spainguru; Steve’s team replies by email or phone.
Frequently asked questions
Is the consultation really free?
Yes — it is a conversation about your transfer, timeline and options, with no obligation to trade.
Can I use Lumon from the U.S. before I move?
Yes. Most clients open the account while still in the U.S., so the money is ready when the deposit, the D7 savings transfer or the completion date comes.
What is a forward contract?
An agreement to exchange a set amount at a rate fixed today, for a date up to a year or more ahead — useful when you have agreed a euro price but your dollars arrive later.
Disclaimer: general information for U.S. citizens living or planning to live abroad — not tax, legal, financial or immigration advice. Thresholds, treaties and visa rules change and depend on your situation; confirm with the IRS, the relevant authority or a qualified professional before acting.