Questions & Answers

November 29, 2011

Q

People who receive pensions from other countries receive the exchange value. How do you calculate that exchange value by 3rd party? There are several sites on the internet or should we go with the bank the pension goes into? We have never had good luck with sending for 3rd party and receiving it back.

A

The exchange rate used by the bank that receives the pension would be a good source. Current exchange rates could also be obtained from news sources on line such as CNN Money or CNBC.

Posted by: Gay Keebler

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