20 Most Used Currencies for International Payments
The international payments industry continues to grow at a rapid rate. With that demand in mind, it’s also valuable to understand how global EFT is able to reduce your currency transaction fees by utilizing local clearing networks.
This report from SWIFT shows the total share of each currency in the market that’s being used for international payments in December 2015 vs. December 2016.
Global EFT is available to 14 of the top 20 countries that currency is sent in. Those currencies amount to more than 90 percent of the funds being transferred for international payments making its appeal even greater.
With CXI’s real-time exchange rates and reduced service fees, your business can rest assured that you will be unleashing the true potential of your international payments.
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com