24 Nov 2022
France is a highly developed social market economy ranking 7th worldwide with a nominal Gross Domestic Product (GDP) of $3.06 trillion. With a robust economy, picturesque landscape, high-quality education, etc., France is equally popular among the people of different regions, including the African continent. People from many African countries, including Senegal, travel to France for better employment opportunities that they struggle to find in their home country. They send money to Senegal to support their families financially once they find jobs and settle down.
But do you know what is one of the basic points you attach immense importance to in an online money transfer as an expatriate?
Well, the answer may vary from person to person, but one of the basic points is to save money as much as you can as an expatriate earning a living in a foreign land.
You look for every way possible to save money and try to find a service provider that will help you in this regard by charging a low fee and offering live and competitive currency exchange rates. Keep reading to learn more about where you can get the desired exchange rates for money transfers to Senegal from France or any other developed country.
This blog will shed light on how to find a service provider to get the best currency exchange rates for your online money transfers to Senegal from France. Let’s first learn about France and why most people prefer moving here.
Senegal is a lower-middle-income country whose people suffer from acute poverty and unemployment. Therefore, they travel to developed countries like France for several critical reasons.
Although there can be several reasons to travel to a foreign country, like spending vacations, tourism, etc., these are not critical.
A few critical ones are reviewed below.
These are some of the prime reasons that people of developing countries largely share. Studying any case of expatriates hailing from low-income countries will reveal one of these reasons as an impetus to travel abroad.
The French economy essentially accommodates the job-seekers in its folds. Whether the natives or the expatriates, France has plenty of work and jobs to offer to them all equally. A brief look at its basic economic statistics is necessary.
This is precisely why people of Senegal, among many others, come to France for better jobs and send money to Senegal online or through other methods to support their families financially.
Do you know how to narrow your search to find one such service relatively quickly?
Do not rush to find the answer! It is pretty simple and straight.
Do you wonder how? By simply putting banks aside.
For the simple reasons that bank transfers take long, charge a high fee and offer uncompetitive currency exchange rates.
So, now that you have shifted your focus to the companies, follow the tips given below to optimise your search results.
Visit the official platforms of different companies and read customer reviews and feedback. It is the easiest way to find a credible service, given that a slight compromise on service quality can trigger a whole debate on the viable and open social media that it has, of late, become.
Draw deep comparisons between the services of the different companies you have selected. Figure out what features you need the most and then try to find those out in the companies whose services you are comparing.
Never rely on simple fee comparisons. A service provider charging a low fee might trick you into paying more through a hidden fee. So, make sure to see if a company’s fee structure is open for your study and scrutiny or is shrouded in the unknown.
Avoid a service provider whose exchange rates are fixed. Try choosing a company whose rates are live, competitive and linked with the international market, where they keep fluctuating to allow you to initiate a transfer when they are in your favour.
As stated above, find a company offering live currency exchange rates linked with the international market and initiate a transfer at a time when they are most favourable for you. This way, you can get the best currency exchange rates.
Money transfer to Senegal with ACE Money Transfer can offer you live currency exchange rates with around 390,000 pickup locations in over 100 countries worldwide and much more in exchange for a low fee under one roof. Besides, you can have several chances of winning exciting rewards when you use ACE’s services to transfer money across borders.