The official currency of China is the Renminbi Yuan, made up of 100 fen. $1 USD equals about 6.82 Yuan, though the rate changes daily. Currency exchange is usually only available in China, so most travelers and residents returning to China cannot typically get local legal tender before they enter the country. However, one of the best parts about the ability to transfer money to China is that your U.S. dollars will be converted automatically to...more
Before you even think about sending money, you should learn about the currency and exchange rate of this nation. You might find it interesting that Peru's currency is called the nuevo sol, and it is broken down into 100 centimos. Currently, $1 USD equals about 3 nuevo sol, though the rate changes often. One detail to know is that retailers in this country often accept U.S. dollars, though it is still advised that residents always have some of the...more
Typically, it is necessary for those in Honduras to use that country's currency, though many shops on the area's islands do accept U.S. dollars. The traditional currency in the country is the lempira, and $1 USD is equal to about 18.7 lempira. The U.S. dollar is easily exchanged in the area compared to other currencies, but it is usually best to simply transfer funds in this country's legal tender when you send money to Honduras. This way, your relative can spend it anywhere.You might turn to a bank first to send money to Honduras. This may be convenient if your bank allows remittances to any bank in other countries, and the service is typically called a wire transfer. You should compare fees at different banks before you set one up. For example, Citibank offers this service for $30 to $40, with a $10 fee for recipients. This means if your relative banks with the Honduras branch of Citibank, they will need to pay $10 to receive the money. Obviously, this could get expensive for both of you if you need to make a transfer more than once.There are plenty of ATMs in this country, which means that you have options other than banks when you send money to Honduras. While they are not...more
Armenian currency is called the Dram, and has been since the country gained independence from what was the USSR at the time. That was about 15 years ago, and this currency has only grown more stable over time. Right now, $1 USD equals about 386 Drams. Of course, this number changes daily so be sure to look it up before you send money to Armenia in...more
The Bangladesh currency is tightly controlled by the nation's government, and has been in decline for the last ten years. It is called the taka, and $1 USD equals about 70 taka. Money can be exchanged widely throughout the country, especially at airports, banks, train stations, hotels, and locations called bureaux de change. In most cases, it is...more
Though U.S. dollars are often accepted in Nicaragua, the official currency is the cordoba. $1 USD is equal to about 21 cordoba. A few versions of the cordoba have been in circulation, so you might hear references to the new and old types when you research the currency. Your relatives likely have some U.S. dollars since many places accept them, but the safest bet is to have most money in the form of the cordoba. Many U.S. banks do not send money to Nicaragua, so if you were considering that as your first option, you should find out about the others available.If you choose to use a money transfer service, budget for anywhere from $12 to $40. The number changes depending on the company you go through and the amount you send. Try to find a company that can send money to Nicaragua within a few minutes for a low fee. Otherwise, it could take days for the money to arrive. Of course, the method you choose will probably depend on how fast your relatives need the money.If you think your relatives will need money from you quite consistently, you might opt to mail them a prepaid debit card. This way, once they receive it, you can start adding funds for $5 each time. You can add up $1000 each...more
How to Make Money With Paid Surveys I frequently receive movie tickets, shopping vouchers and small amounts of cash, and I put very little effort into it, I certainly don't complete all surveys that are offered, only the ones that I feel like...more
The currency of Ukraine is the hryvnia, and it has been quite stable for years. Currently, $1 USD equals about 8.24 hryvnia, so be sure to remember this when transferring money. It changes often so check it right before you send money to Ukraine....more
Knowing a bit about the currency of the nation is important prior to any remittance. The legal tender in the country is the South Korean won, and $1 USD is equal to about 1,157 won. This number changes daily, so be sure to look up the current...more
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