Why did my USD transfer to a USD-denominated foreign account get converted? I sent $1,000 USD to Europe; the recipient got €820, which was then converted back to $970—why did this happen if their account is in USD?

Asked May 4, 2018· 1 answer ·EMEA, Euro, Europe, United States Dollar
Related in Sending and Receiving Money Abroad
What information does a typical remittance slip contain?1 ansHow does Western Union’s Money in Minutes service work?1 ansWhat actually happens behind the scenes during an international money transfer?1 ansWhat is the best online payment method to pay a U.S. company’s Russian employee?1 ans