How to avoid double conversion?
Double conversion can occur when sending a money transfer from European countries where the national currency is not the euro.
For example, you want to send money from the UK to Moldova, but you have a euro-denominated card from a British bank. Since the payment for the money transfer from the UK can only be made in pounds, your bank will “exchange” euros to pounds, and the KoronaPay service will convert pounds to Moldovan lei. Both the bank and the service will apply their exchange rate markups, resulting in you paying for the conversion twice.
To avoid this situation, we recommend paying for transfers using cards in the national currency:
- In the UK — pounds
- In Poland — zlotys
- In the Czech Republic — Czech crowns
- In Sweden — Swedish krona
- And others
In this case, we can guarantee a favorable exchange rate.