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 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.
Always compare remittance providers below you transfer money overseas.