What is the best way to perform international money transfer? Are savings possible when transfer money abroad? Who can offer best currency exchange rate? Would my money reach on time safely? Is the service provider trustworthy? All these are the questions that keep boggling in your mind when you need to perform international money transfer.
In my opinion the decent way for international money transfer is to take services from a foreign currency exchange broker or a company (also called Fx or Forex company). Every time you want to transfer money abroad, foreign currency exchange rate plays a vital role. If you opt for a bank or money transfer agencies like western union or online money transfer like paypal, they do not offer good exchange rates. Foreign exchange brokers are the best and most preferable service providers as they can get you the best possible foreign currency exchange rate when you transfer money abroad.
Considering the frequency of international money transfer and the amount, these Fx companies can give you the custom deal that can save you huge money. For e.g. I need to transfer 1000 GBP every month to my family in India, now if the currency conversion rate is as high as 1 GBP = 78 INR. Fx company will give me an option to book or fix this rate and every time I perform international money transfers I can use the same rate. Hence I am saved from the fluctuating currency rate which can lead me to losses. Hence such type flexible plans are available to best suite nature of need to transfer money abroad.
Myles Agnew is an expert foreign currency exchange advisor, have strong experience in servicing international money transfers facilities and educating people on the same.
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