Remittances
Currency Exchange & Money Transfer Companies
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 significance 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.
Companies use different 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 profit whereas giving maximum destination amount to a customer would at times leaves a satisfied 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 profit margins with respect to account size.
Currency Exchange integrated in our solutions
Exchange rates and commission are very important in Money Transfer Businesses, International Remittance and Currency Exchange Businesses. They are calculated on multiple set of laws, which are also tailored in our solutions.
We provide a platform where different 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 firmly integrated for creating value to your business.
