What is a Multi Currency System?

In today’s global economy, companies need to trade across borders to eliminate their growth ceiling.  However, once they start operating in foreign markets, these businesses will have to transact in several currencies, other than their home currency. German manufacturing companies, for example, may export to the UK, Africa, and the United States. Payments may therefore… Continue reading What is a Multi Currency System?

How Can I Exchange Foreign Currency To Get The Most Out Of My Money?

The process of exchanging currency is relatively simple. Of the many ways to exchange foreign currency, it appears that banks, credit unions, online currency converter providers, credit cards, and the forex market are some of the most beneficial ones. If you wish to save money, it’s advised to track exchange rates, plan ahead, and shop… Continue reading How Can I Exchange Foreign Currency To Get The Most Out Of My Money?

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Are Wire Transfers Instant?

Only a decade or two ago, the go-to method for sending money over a long distance was to send a check. This way of doing things was often slow and unpredictable, such that debtors who had run out of excuses would simply quip ‘the check is in the mail’ to ease off the pressure from… Continue reading Are Wire Transfers Instant?

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How To Send Money Instantly

Our technologically-advanced modern world has made us accustomed to instantaneous services. You can order pizza from any one of several mobile apps and have it delivered to your doorstep in minutes. Order electronics from overseas and your credit card is charged instantly. You can even call a taxi, book a flight, invest in the stock… Continue reading How To Send Money Instantly

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How Fast is a Wire Transfer?

You’re a college student staying thousands of miles away from home — and your laptop has decided to suddenly die on you at a critical time, or maybe you’re  strapped for cash and a day away from having your power cut off. There’s been a point in almost everyone’s life where they’re in critical need… Continue reading How Fast is a Wire Transfer?

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