how transfers and rates actually work

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About

A reference site about the mechanics of transfers and exchange rates. Written by one person, unpaid, with nothing for sale.

What this site will not do: forecast a rate, rank providers, or carry referral links. All three are where sites like this normally go wrong, and all three would make the explanations less honest.

Figures in the examples are illustrative and chosen to be ordinary. Check the ones that matter against your own quote.