How to get the best exchange rates? This is the typical question people living abroad ask themselves. It’s even more searched when those people need to make a big transfer.
1/ how to get the best exchange rates offline?
I wonder why there are still people looking to transfer or exchange some money online as I personally don’t use cash anymore. Even though I’m not a user of exchange rate offices the only way to get the best exchange rate is to simply cross the streets and compare the rates. You can expect 5 to 6 hours for getting information about 15 money transfer offices. It’s a mess and you will get screwed because there are huge hidden fees in the exchange rate.
2/ how to get the best exchange rates online?
There are more than 12’000 money transfer operators in the world. You are going to need 12000 hours to understand them, find them and compare them, except if you use a simple money transfer comparison service which would reduce the searching time down to 10 seconds. No doubt. Money transfer comparisons which are online are going to save you a lot of time…and money?
3/ how to get the best exchange rates? Offline or online?
According to the world bank money transfer operators which operate offline charge 3 times more variable fees on the exchange rate. In order to get the best exchange rate you will need to go online. So simple. So easy. So cost-effective. Don’t hesitate.
The best way to get the best exchange rate offline would be to cross the streets from one exchange rate office to another, crossing the cities too, and compare. The best way to get the best exchange rate online is to use an online money transfer comparison service. And among them where you can get the best exchange rate, it’s online because there is no structural cost to support and there are many special offers.