Money transfers to exotic destinations can greatly differ on both price and time taken, depending on the method and provider you choose to send your money with. There are lots of factors which are continually changing, such as exchange rates fluctuating and differing by the second, transfer fee alterations from companies striving to stay competitive and emerging companies offering ‘rapid’ money transfers.
When looking in to making a money transfer and the options available, very often, the two main factors which contribute to the success of a money transfer are the costs inflicted on you and the time it takes for your money to be sent and received on the other end. ‘Rapid’ service providers often incur large costs when making a money transfer with them and they typically offer very low exchange rates. The cost of making a transfer is sometimes also increased when the destination or currency pair being exchanged is less popular, or slightly obscure.
Using a specialist foreign exchange broker like RationalFX can save you both time and money when sending money to any destination, in many different currencies. When sending smaller amounts, you can also use their online money transfer service, Xendpay to transfer money online 24/7.
Customers can save as much as 10% when compared to sending money through a bank or competing money transfer provider with highly competitive exchange rates, low or no transfer fees and 0% commission guaranteed.
