US EditionTracking foreign exchange margins in remittances: real-time data matters - Devpolicy Blog from the Development Policy Centre
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Tracking foreign exchange margins in remittances: real-time data matters - Devpolicy Blog from the Development Policy Centre
Picture this: a migrant worker is about to send US$200 home to the Philippines. They face a seemingly simple choice between two money transfer operators. One offers PHP59 per US dollar, matching the official rate. The other offers PHP56. This three-peso difference might appear minor but for their family it means receiving either PHP11,800 or PHP11,200 — a PHP600 gap that equals an entire day’s minimum wage in the Philippines. It could be the dif…
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