TopicExchange rates & FX
remittance
/rɪˈmɪt.əns/Recordings stay in your browser and are never uploaded.
noun
money sent, often abroad, to family or recipients
Exchange rates and fees heavily affect how much arrives.
Examples
Nagpapadala ang mga manggagawa sa ibang bansa ng buwanang remittance sa magulang.
Workers abroad send a monthly remittance to their parents.
Nagkumpetensya ang mga bangko sa fees ng bawat remittance.
Banks compete on fees for each remittance transfer.
Mas mahina ang home currency, mas napapahaba ang bawat remittance.
A weaker home currency makes each remittance stretch further.
In other languages
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