Austria received $ 2.8 billions in year 2015. In which major portion was sent by european countries like Germany, Switzerland, Turkey, UK etc. and Australia, US. Austria also sent a good $ 3.7 billions worth remittances globally. These figures tell that Austria has a good inflow and outflow of remittances and this has attracted remittance service providers.
If you want to send money to Austria, do check various options available and compare them for their offered exchange rate, transfer time and other parameters. You should also check reviews of various money transfer operators. All this important information can be found on Exchange Rate IQ.
Exchange Rate IQ is a unique search and compare platform for international money transfer. It will help you find best option to send money to Austria. You can also get an estimated value in EUR for your amount being transferred to Austria. Also check the ongoing offers to save even more on your remittance to Austria.
Current Exchange Rate(Mid Market) :- 0.8552 EUR/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.