If you do not want to get hit on the exchange rates, a bank wire transfer would be the most safest and economical method to transfer funds. If the funds int he recipient bank are showing up in native currency and not US$, then it would be a good idea to ascertain at what rate would your bank settle the exchange rate at? (usually it would be 0.5% or less than the official interbank rate).
What’s the cheapest way to send money from the U.S. to Russia?
Should I use Bitcoin or TransferWise/Wise to transfer money to myself internationally if I’m not in a rush but want to minimize FX “racketeering” fees?1 ansIs TransferWise/Wise a good option for sending money abroad?1 ansHow much more or less expensive is international money transfer using Bitcoin compared to traditional banking?1 ansIs it standard practice to pay remittance charges upfront?1 ans