TopicExchange rates & FX
huìkuǎn · /xwei⁵¹ kʰwan²¹⁴/
汇款
huìkuǎn/xwei⁵¹ kʰwan²¹⁴/noun
money sent, often abroad, to family or recipients
汇给家人或收款人的款项,常为跨境
Exchange rates and fees heavily affect how much arrives.
汇率与手续费会大幅影响到账金额。
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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