10 Sep 2024
Do you know the best time to send money to Egypt from Germany? Germany is a well-developed country and the center of attention for career seekers worldwide. Nearly 8 million Egyptians live abroad. Thousands of Egyptians are living in Germany for financial development. These Egyptians send money to their families to help them achieve a standard life. Between 2022 and 2023, Egypt received almost 6.4 billion U.S. dollars in remittances. Many families in Egypt receive monthly remittances from their loved ones, but Egyptians who send remittances must pay enormous taxes for money transactions.
It is necessary to understand the best time for a remittance transfer so you can have a cost-effective transaction. The transaction time can impact your remittance cost from both the sending and receiving end. You can enjoy lower exchange rates and transaction fees by making transactions at the right time. It will enable you to save money, and your loved ones will receive more than usual. Explore the article to learn the best remittance transaction timings for saving your money:
If you plan to send money online to Egypt from Germany, you must ensure the right time. Firstly, check the exchange rates, which keep fluctuating. A huge currency difference between Egypt and Germany can impact your money transfer. The currency of Egypt is the pound (EGP), whereas Germans deal with the euro. 1 German euro is equal to 53.75 EGP. observing the currency rate is necessary before remitting. Let's have a look at how the proper timings can help you transfer more money:
When you find favorable exchange rates, sending remittances is the right time. Currency exchange rates never stay the same or stable and keep on changing. Try to make transactions when you find the German euro strong against Egypt's currency because when your money is converted, its worth will increase, and you will have a doubled value. Avoid making remittances when EGP gets strong because you will get less money.
Many banks and online remittance services offer weekly and monthly bonuses and codes. When you find some offers, try to make a remittance during the month. ACE Money Transfer offers numerous discounts and promotion codes so individuals can easily send money to Egypt online from Germany. Usually, the bank announces these offers at the beginning of the month, and they will also reduce the cost of sending money.
One of the best times to remit money is when you get discounts and promo codes. Every year, ACE Money Transfer announces campaigns and promo codes to make remittance easier for migrants. The best thing is that ACE offers first-fee transactions to its new customers, saving money on service costs. Try to remit more money using discounts and offers.
You must avoid sending remittances at peak times. Many immigrants transfer remittances to their loved ones, usually on weekends or holidays, but this is when many services increase their charges. You can use ACE Money Transfer to send money to events because it offers exceptional discounts for Egyptians in Germany during festivals so they can contribute to their celebrations. Moreover, ACE has a transparent fee structure that stays the same throughout the year.
Choosing a low-cost remittance service is necessary so you can immediately start. ACE Money Transfer is one of the cheapest ways to send money to Egypt from Germany. It provides favorable exchange rates for individuals so they can enjoy more money.
As an Egyptian, you must avoid making frequent transactions. Doing so may cause you to spend money on service fees repeatedly. Plan your remittance properly and try to make a significant remittance at one time of the month or week. It will save your service costs, and you can enjoy more money.
Do you want to know the best time to transfer funds? Observe Germany's market value and economic growth because they hugely impact the currency. Monitoring market conditions can help you time your transfer when the rates are favorable. Economic events, political situations, and a country's global relationships make up its financial value. So, watch Germany’s worldwide market and mark your calendars for remittance transactions.
ACE offers various types of discounts. The rates of ACE are favorable for everyone, and you can make transactions whenever you want. Scroll down to know the types of offers and discounts of ACE:
ACE offers the first fee-free transaction globally. As an Egyptian, you can make an instant money transfer from Germany to Egypt. So, if you are new to ACE, take advantage and send money free of cost to your loved ones.
ACE offers different promos and prizes on festivals and holidays. It offers promo codes and discounts on festivals like New Year, Christmas, Eid, and Ramadan. These discounts are announced on the ACE website and stay active for a long duration.
As an Egyptian, you must learn about consider the following things before sending money from Germany to Egypt:
Choosing the right time for remittance can help you save a lot of money. It will help you to make a remittance plan and will prevent the payment of repeated service changes. As an Egyptian in Germany, you must monitor considerable exchange rates and keep an eye on increasing or decreasing currency values. The economy's worth and political empowerment also affect the currency's value, so make your remittance when you find favorable exchange rates. Also, look for discounts and promos as ACE offers festival or seasonal campaigns.
If you are looking for the best time for remittance, start observing the currency rates because they keep fluctuating. Whenever you find favorable exchange rates, make instant transactions and make an online money transfer from Germany to Egypt. Also, look for discounts and promo codes because many banks and services offer special monthly and weekly deals. It can be any date of the month, so stay connected with your remittance services to avail of the discounts.
As an Egyptian, it would be better for you to make remittances once a month or week. Try to align your finances with remittance to make timely remittances while achieving discounts. Making frequent transactions will cause you to lose money because of repeated payment of service charges. ACE Money Transfer is a growing remittance service that helps Egyptians make the first fee-free transfer to Egypt from Germany. Moreover, you don't need to worry about peak service charges because ACE offers a transparent fee structure. So, plan your remittance carefully and enjoy saving money with ACE.
It is best to send money to Egypt from Germany when exchange rates are favorable. Also, try sending money when remittance services offer discounts and bonuses.
It depends on the method you choose for remittance transactions. Usually, sending money to Egypt from Germany through ACE takes a few minutes.
Digital banking and online remittance transfer services are the best ways to send money to Egypt. You can use a favorable method like connecting your bank account to your digital wallet or making card transactions.
You just need to create an account on the ACE, sign up for the account, log in with the details, enter your personal information like user ID, contact no, and address, and add the receiver, including his address and contact information.
ACE is a highly secure and safe way of sending remittances. It is a legal and registered service. It ensures the security of your personal information and never shares your data with anyone. ACE has served more than a million customers.
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