You have been working very hard abroad so that your family can have better life back home. A substantial part of your salary is remitted home you probably asked yourself Is it a good time to remit money?
Is it a good time to transfer money now?
To help you, we’ve built a trend chart that offers you visibility. This is our way of doing so:
- We pull 6 months (180 days) worth of daily rates data from the European Central bank.
- We averaged every currency (Sum average)
- We then compare the average with today’s rate and the same European Central Bank source.
We would consider a good time to remit when today’s rates were better than the 6-month average.
Good rates would receive a thumbs up and bad rates will receive a thumbs down.
We hope this can help you to make a better decision.
You may choose to remit more when the exchange rates are better or transfer less when the rates are not in your favour.
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Always compare remittance providers below you transfer money overseas.