Money Transfer Solutions
The exchange rates, foreign-exchange rate, forex rate or FX rate between two currencies specify how much one currency is worth in terms of the other. It is the value of a foreign nation’s currency in terms of the home nation’s currency.
The terms “Exchange Rate” and “Commission” holds high signi cance and they are frequently used in a money transfer company. While creating a transaction from one country to another, exchange rate is used to calculate the destination amount.
Currency Exchange & Money Transfer Companies
Companies use di erent exchange rates for transactions such as: market based rate, company based rate or agent based rate. The primary purpose of keeping a margin on exchange rate is earning pro t whereas giving maximum destination amount to a customer would at times leaves a satis ed customer. The foreign exchange market has its huge trading volume, which promotes high liquidity. The beauty of foreign exchange market is the geographical spread with its continuous operation that helps to enhance pro t margins with respect to account size.
Exchange rates and commission are very important in Money Transfer Businesses, Remittance and Exchange Businesses. They are calculated on multiple set of laws, which are also tailored in our solutions.
Currency Exchange integrated in our solutions
International
Currency
We provide a platform where di erent transaction types are being used. Company or agent may charge a premium for express banking rather than normal banking transfer. All these are catered through a wholesome process rmly integrated for creating value to your business.
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