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Understanding the Table:
The comparison table above helps you see the total cost of your Xoom currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Xoom is an online international money transfer service that offers a secure and fast way to send money from either bank account or credit card from their website to friends and family.
With the Xoom bank deposit service, consumers can send money directly to bank accounts in Argentina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, France, Germany, Guatemala, Honduras, India, Ireland, Italy, Jamaica, Mexico, Netherlands, Nicaragua, Panama, Peru, the Philippines, Poland, Spain, the United Kingdom, Uruguay and Vietnam.
Xoom offers cash pickup service to the following countries (number of locations as of 1/3/2013): Argentina (68), Bolivia (333), Brazil (3,798), Chile, (172), Colombia (981), Costa Rica (87), Dominican Republic (367), Ecuador (989), El Salvador (895), Guatemala (2,101), Honduras (692), Jamaica (494), Mexico (15,374), Nicaragua (150), Panama (18), Peru (1,073), Philippines (10,951), and Uruguay (279).
Home delivery services are offered to the Dominican Republic and the Philippines.
Consumers pay for Xoom money transfers using funds from their U.S. bank account, credit card, or debit card. The money transfers are paid out in either U.S. dollars or in local currency.
A popular alternative to Xoom is WorldRemit
The Xoom USD to PHP exchange rate is 54.16. This is -4.1% compared to the latest USD-PHP mid-market rate 56.47.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Xoom - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Xoom and other foreign exchange providers against the latest USD-PHP mid-rate and the possible savings of using various providers.
Looking at the full USD to PHP - Send Money comparison table the provider with the best USD to PHP exchange rate is OFX at 56.19, -0.5% from the latest mid-market rate 56.47.
The next best is XE at 56.14, -0.58% from the mid-rate.
Then Wise at 56.11, which is -0.64% from the mid-rate.
The Western Union rate is 55.91 which is -0.99% from the mid-rate.
Among the banks the Chase Bank rate is 51.18 at -9.4% the Wells Fargo Bank rate is 50.84 at -10% and the Citibank rate is 53.44 at -5.4% compared to the mid-rate 56.47.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like Xoom or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
