WonderProxy will be announcing availability of a new server in Uganda any day now. We’re very excited. When we first launched WonderProxy the concept of having a server anywhere in Africa seemed far-fetched. Uganda is shaping up to be our fifth.
Our provider asked us to pay them by wire transfer, so I dutifully walked to the bank, stood in line, then paid $40CAD in fees & a horrible exchange (to USD) rate to send them money. Not a great day, so I grabbed a burrito on the way home. A few days later we were informed that some intermediary bank had skimmed $20USD off our wire transfer, so our payment was $20USD short. Swell.
In order to send them $20USD, I’d need to go back to the bank, stand in line, hope I got a teller who knew how to do wire transfers (the first guy didn’t), buy $20USD for the provider, $20USD for the intermediate bank, and pay $40CAD for the privilege. $80 to send them $20. Super.
Luckily XE came in to save the day again. Using their convenient online interface I was able to transfer $40USD for only $63CAD, including my wire fee. I paid a much better exchange rate, lower wire fees, and didn’t have to put pants on. The only downside was a lack of burrito. Bummer.
If you’re dealing with multiple currencies and multiple countries, and these days it’s incredibly likely that you are, I’d highly recommend XE.