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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 CNY exchange rate is 6.8326. This is -4.1% compared to the latest USD-CNY mid-market rate 7.1247.
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 Chinese yuan (CNY) rates from different sources before making a conversion.
The above Xoom - Dollar to Yuan 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-CNY mid-rate and the possible savings of using various providers.
Looking at the full USD to CNY - Send Money comparison table the provider with the best USD to CNY exchange rate is Wise at 7.0784, -0.65% from the latest mid-market rate 7.1247.
The next best is Western Union at 7.0107, -1.6% from the mid-rate.
Then WorldRemit at 6.9537, which is -2.4% from the mid-rate.
Among the banks the Chase Bank rate is 6.4769 at -9.1% the Wells Fargo Bank rate is 6.4342 at -9.7% and the Citibank rate is 6.7619 at -5.1% compared to the mid-rate 7.1247.
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:
| Best Exchange Rates.com - Compare and Save on Foreign Exchange |
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