Do you know if the remittance rate you have been offered is fair?

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Transcript

00:00How do you know if the currency exchange rate that you are offered is fair?

00:17Now knowing the fact that some exchanges do charge bigger fees is one.

00:23But how do you understand and what do you do about it?

00:27Now what you need to understand is that there is a markup above the market rate so the lower

00:32the markup that you have, you get is the best deal for you and less and very good effect

00:38on your money and it's a very good value for money the deal.

00:43Now currency calculators or currency converters are a good way of monitoring fluctuations

00:49and keeping an eye on them and if you have the luxury of time of postponing your transactions

00:53or your remittances, it will do you a great deal.

00:58Now it is a well-known fact that charges sometimes are hidden in the fine print and to keep a

01:06close track of them is very important.

01:09So even when an exchange house broadcasts that they charge no commission, you will have

01:15to look into what you actually need to understand whether it is a good deal for you or not.

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