International currency transfers incurs fees derived from the Buy/ Sell currency rates. The prices you see on places like Yahoo! Finance’s currency converter are the mid-market rates between bank transactions (where banks trades currencies with other banks). The retail price is completely different than that. Banks can charge markups that are high as 5% of the lump sum transferred, in addition to a fixed fee, while commercial currency transfers use tighter margins (usually around the 1-2% but could be much lower for high-volume transfers). That 1-2% represents their revenues (while it’s definitely not all-profit).
We drive in profits by referring clients to the foreign exchange companies listed on our site. Getting to a company through our affiliated links will not incur any additional fees. On the contrary, in many cases you can save money by using our partner links because it would induce extra perks. Our choices are well elaborated, and we only work with companies which have proved themselves as market leaders in the currency industry. You are welcomed to read the detailed reviews we have created for each of the companies to learn more about them.