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The more money you send the more important it is to get a higher exchange rate. See the examples in the table below.
Savings from remithome's Higher Exchange Rates
| Amount Sent |
Philippine Peso - U.S. Dollar Exchange Rate Difference | |||||
| 10 Centavos (50.00 vs. 49.90) |
30 Centavos (50.00 vs. 49.70) |
50 Centavos (50.00 vs. 49.50) |
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| PHP Savings | USD Savings | PHP Savings | USD Savings | PHP Savings | USD Savings | |
| $ 200 | 20 |
$0.40 | 60 |
$1.20 | 100 |
$ 2.00 |
| $ 300 | 30 |
$0.60 | 90 |
$1.80 | 150 |
$ 3.00 |
| $ 400 | 40 |
$0.80 | 120 |
$2.40 | 200 |
$ 4.00 |
| $ 500 | 50 |
$1.00 | 150 |
$3.00 | 250 |
$ 5.00 |
| $ 800 | 80 |
$1.60 | 240 |
$4.80 | 400 |
$ 8.00 |
| $1,000 | 100 |
$2.00 | 300 |
$6.00 | 500 |
$10.00 |
As you can see, remithome's higher exchange rates can save you a lot of money.
When you compare remittance services, you need to look at both the fees and the Philippine Peso Dollar exchange rate offered. One service may charge a low fee, but their low exchange rate may make the service expensive. Another service may offer a high exchange rate, but their high fees may more than offset that benefit.
remithome offers a winning combination: a low fee and a high exchange rate.