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Use the currency calculator to calculate the rate of exchange.

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1 GBP = 1.14892 EUR

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1 EUR = 0.87001 GBP

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Considerations While Transferring Money to Overseas

These days, there is a buzz about money transfer services that people are using to stay connected with their family and friends who reside overseas. Money transfer services can be best used to send birthday gifts and other types of monetary uses. The immense demand for these secure methods of transferring money has created a proper online money transfer system.

Companies that provide money transfer services must have some essential elements so that they could best serve their customers. The most significant aspect to look for in such companies is security. If you are transferring currency online, you are supposed to make sure that your personal information is secure. This is vital so that hackers can not access your personal or bank account information. While browsing across for a money transfer online company, you must look for security authenticators like Verified by Visa signatures.

Such renowned third-party companies endorse websites that are authentic and safe for storing sensitive information. Another important factor to consider before sending money online is whether the website uses Secure Sockets Layer (SSL) technology or not. It is a protocol used by websites to acquire confidential user’s data.

Going forward, the next thing is to consider how easy it will be for your friends or relatives to receive the funds. The most safe and convenient way is through the use of a reloadable debit card. This system provides an ATM card to the address that you choose. After the card has arrived to its destination, you can load the amount via online.

Within a matter of minutes the recipient can get his cash withdrawn from any ATM. Since the world economy is growing tremendously, more people are depositing money in banks, and as a response there is a huge number of ATM's that have been installed at different locations. This thing makes debit card a good option for money transfer.

"Some businesses rely on the currency exchange market to swing the other way so that it can boost profits or the percentage margin the business makes on goods.

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