Send Money to America from UAE at Best Bank Exchange Rates
There are several expatriates in the United Arab Emirates (UAE) and many of them are also the citizens of United States. They may be in the UAE for jobs or business but there are frequent occasions when they need to send money to the US. This can be to support family members staying in their homeland or to give effect to business deals and make payments for products purchased from the country. It is easy to send money to America in this era of technology. Besides banks that aid in making an instant transfer of money to America, there are private money transfer services like Western Union Money Transfer.
If you wish to send money to America from UAE, it important not only to choose the right service for money transfer but also the best exchange rate – the rate that gives you the best value for your hard earned money. On a given day, the international rate of exchange between UAE Dirhams may be 1 US Dollar = 3.67 UAE Dirhams. So 10,000 UAE Dirhams should be enough to make up for 2722.94 US Dollars. However, when you refer to a table for banks foreign exchange rate comparison, you will see striking differences between rates offered by two banks. This can actually be:
Bank A: 2704.87 US Dollars against 10,000 UAE Dirhams
Bank B: 2583.94 US Dollars against 10,000 UAE Dirhams
Therefore, have to pay less to send money to the US from UAE when you choose Bank A. This is exactly why it is important to compare market exchange rate before you choose a bank for currency transfer.
Want to check an updated, foreign exchange rates comparison table before you send money to America? see Compare Money Transfer