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  2. Currency union - Wikipedia

    en.wikipedia.org/wiki/Currency_union

    A currency union helps its members strengthen their competitiveness on a global scale and eliminate the exchange rate risk. Transactions among member states can be processed faster and their costs decrease since fees to banks are lower. [3] Prices are more transparent and so are easier to compare, which enables fair competition.

  3. List of countries by tariff rate - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank.. This is a list of countries by tariff rate.The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.

  4. Western Union - Wikipedia

    en.wikipedia.org/wiki/Western_Union

    Western Union Telegraph Building, lithograph. The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, [3] the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph ...

  5. Foreign exchange market - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_market

    This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. [1] The main participants in this market are the larger international banks.

  6. Wire transfer - Wikipedia

    en.wikipedia.org/wiki/Wire_transfer

    International transfers can be costly, and banks will often charge a fee between $0 (free) and $30, and an FX margin (the difference between the interbank rate, and the rate that you are charged). Cheaper alternatives to the banks are available from foreign exchange brokers, who usually charge a lower fee and/or margin.

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