When transferring cash abroad, the exchange rate is the key cost element that reflects how much of a forgein currency you’ll get in exchange for your dollars. While multiple factors can cause exchange rates to fluctuate, the core driver is supply and demand. Simply put, the more requirements there are for a currency, the more… Continue reading What Factors Affect Currency Exchange Rates?
How Much Money Can You Take Abroad?
Traveling with cash can seem like a real grey area, but exactly how much money can you take abroad? If you leave the US with over $10,000, you will need to declare it on departure — and sometimes again on arrival in your destination. There are two primary issues here, which are also the main… Continue reading How Much Money Can You Take Abroad?
What is the Best Way to Travel With Money Overseas?
There are many options for traveling with money. Undoubtedly, the safest and most cost-effective is to choose a digital transfer service or a multi-currency account to keep your finances safe. But with multiple options from credit and debit cards, traveler’s checks, exchange services, and carrying physical cash, it pays to have a plan so you… Continue reading What is the Best Way to Travel With Money Overseas?
Is Dollar Stronger Than Euro?
Understanding if the dollar is stronger than the euro is vital if you’re planning on doing any travelling, investing, or simply want a better view of the world economy. So is dollar stronger than euro? Generally speaking, the answer to this question is no. But this could change in the future and for now is… Continue reading Is Dollar Stronger Than Euro?
Is Euro Stronger Than Dollar?
The euro and the dollar are both among the most commonly used currencies in the world, but when pitted against each other, it’s not uncommon to ask if the euro is stronger than the dollar — or if the opposite is actually the more accurate answer. In truth, there are arguments for both, but most… Continue reading Is Euro Stronger Than Dollar?
How to Send Money Overseas
If you’re wondering how to send money overseas, online transfer services are the way to go as they provide fast money transfers anywhere in the world. When sending money overseas, you’ll want to do your research to find the best offer, so you can decrease the fees common with international transfers. This will give you… Continue reading How to Send Money Overseas
How To Receive Payments From Abroad
If you’re thinking about how to receive payments from abroad, it’s best to use an international money transfer service. Once you receive the transfer, there’s a range of options for distributing the money, for example, you can transfer the payment to your bank. Such transactions will not interest tax commissions, but only if they are… Continue reading How To Receive Payments From Abroad
How Long Does it Take to Receive Money From Abroad?
Have you ever sent money abroad and wondered how long it’ll take to reach the recipient? Generally speaking, international money transfers sent via bank transfers usually arrive within a few days to one week. In case of a large time zone difference between the sender and the recipient, the transfer will probably take at least… Continue reading How Long Does it Take to Receive Money From Abroad?
How to Receive Payment from Overseas
If you have friends, family, or clients overseas, you may at one point or another, want to receive money from them. Just as millions of Americans send money abroad every year, many are also on the receiving end of international money transfers. The question, however, is how to receive payment from overseas, especially if it’s… Continue reading How to Receive Payment from Overseas
