Whatever your reason for sending money to Nauru, Compare Money Transfer will make your currency transfer as straight forward and cost effective as possible.
Currency for Nauru
The Australian Dollar (AUD) is now the official currency of Nauru.
Send Money Transfer to Nauru
You may be planning to buy a holiday property in Nauru or you may be thinking of settling in Nauru after your retirement. One of the things that you need to take into consideration is your money transfer strategy. Are you going to use high street banks or are you planning to send money to Nauru using foreign exchange brokers?
We always recommend foreign exchange brokers and that too for valid reasons. It is a very popular feedback from customers that use high street banks to make international currency transfer that high street banks exploit their customers by offering very poor foreign exchange rates when they make money transfer to Nauru. Furthermore, they also will charge you with number of fees and charges.
When you add all these things up, you will be able to see how much you are losing with your high street banks. Even those foreign exchange customers that did not mind spending money on high street banks had complaints regarding the delays involved in sending money to Nauru and the poor response from their high street banks. High street banks will not be a wise choice therefore.
High street banks are able to offer better foreign exchange rates because they have access to wholesale exchange rates as the volume of the currency they trade per day is very high. High street banks do not specialize in currency transfers so their limited volume transactions do give them access to wholesale rates.
Currency transfer brokers pass on this advantage to their customers because they try to attract more customers by keeping their margins low. Moreover, they can also give you their professional advice and suggestions on your money transfers. Foreign exchange brokers will give you a flat currency rate when you send money to Nauru which will include all the other charges. This will make the transactions simple and no surprises.
Even if you want to make money transfer to Nauru on monthly or quarterly basis, you can have special arrangements that suit your specific requirements. You will be saving a lot of money on each transaction. Moreover, if you want to freeze your currency rates, you can buy forward contracts from your broker.
Before you choose your foreign exchange broker or foreign exchange service provider take time to review the top companies and top foreign exchange brokers. Compare their services and their rates. You will be able to find up to date information on the exchange rates offered by each service provider. We have made everything easy for you by providing you with all the information you need in one place. So take advantage of our free money transfer comparison service today and save a great deal of money.
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