TopicExchange rates & FX
remittance · /rɪˈmɪt.əns/
remittance
remittance/rɪˈmɪt.əns/noun
money sent, often abroad, to family or recipients
perang ipinapadala, madalas sa ibang bansa, sa pamilya
Exchange rates and fees heavily affect how much arrives.
Malaki ang epekto ng exchange rate at fees sa dumarating na halaga.
Examples
Workers abroad send a monthly remittance to their parents.
Banks compete on fees for each remittance transfer.
A weaker home currency makes each remittance stretch further.
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