[ChaystEr]

Good day guys.

I hope anyone here can help me. I am looking for a local forex company wherein i can send money to my clients accounts in Taiwan. I am looking for cheap rates mainly so i can save. My business involves remitting money to Taiwan to my clients Because currently my forex provider charges a little bit higher, lets say the Taiwan currency is 1.41, my forex agency rate is 1.465, of course i understand that it is much higher to cover their expenses and remittances, but sometimes there are still charges offshore when my client receives the money.

Thanks guys will be waiting for your recommendations!

[Senyor]

Hello Chayster,

If you are remitting frequently and high volume to Taiwan. (5 to 10k in USD)
I suggest you hedge.
Most local banks here in Manila have Trade Services Unit.
Ask for a forward rate contract agreement.

Pag less than 5k the money changers sa greenhills tabi ng mga tiangge will just do.

or you can visit
http://currencycenter.com.ph/index.htm