Germany is among the top high-income remittance receiver countries. Germany received $ 17.5 billion and stayed in top 10 remittance receiver in the world, among which US sent the largest share. Germany was also world’s fifth largest remittance sender country in 2015.
Germany’s remittance inflow and outflow have been growing year over year and has attracted money transfer companies and banks globally. When you have so many choices to send money to Germany, you must compare these side by side for exchange rate offered and remittance fee charged. It will help you get maximum exchange rate for your hard-earned money with lowest surcharges and fee.
When it comes to comparing remittance providers to transfer money to Germany, you should use a platform like Exchange Rate IQ to explore and compare money transfer services. You can find the most cost-effective solution with estimated value in EUR for the amount being transferred. Exchange Rate IQ brings in transparency in re
Current Exchange Rate(Mid Market) :- 0.8571 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.