Travel Trips to Canada

Gone are the days where people mostly traveled for official purposes. Now, the numbers of travelers are many, millennial are quitting their jobs to travel the world. There are many travelers who travel to experience the culture of a new place through volunteering. Whether you are planning a vacation, or you are traveling for different reasons, there are things that you have to keep in mind to make sure that your trip is a success. They include:

Make a plan for your trip

Yes it sounds most obvious but most people don’t do it. You have to decide in advance which places you are planning to go and how long you are planning to stay. That will help you in planning your finances in order. Planning also involves learning more about the places you are planning to visit so as to know what to expect. There is nothing as bad as being caught unawares and you are in a foreign land.

Book an accommodation

There are many accommodations that you can use depending on how long you are planning to stay and what is your budget. There are hotels across different budgets, there are hostels and there local families that can offer to host. You have to decide what will work for you and plan accordingly. Most of the time those who are going long-term would prefer looking for cheaper options as compared to those going for luxurious holidays. Again, it depends on your budget for your trip.

Have the necessary documents

Your trip may not be a success without all the necessary documents. Make sure that your passport is in order and you have a visa if needed. Make sure you also go for all the necessary vaccines that may be needed such as the yellow fever vaccine. In some places, it may be required that you show your identification and therefore you should make sure you are aware of such places. It is also important to have copies of all the relevant documents and scanned copies as well in case something happens to your originals.

Learn the local laws

Every places has different laws and learning the local laws will help you to avoid being on the wrong side of the law. There is nothing as bad as breaking a local law while you are a foreigner. You may get arrested, get jailed or even get deported back to your country. You can learn the local laws by visiting the government website or local travel site.

Know where your embassy is

This is very important especially if you encounter a problem and you are abroad. The embassy will give you all the necessary updates and can also help you to connect with people from your nationality. In some cases, some embassies hold different events and you can participate in those events and get to network with people from your country. That will help you a great deal to know your way around and to get any tips you may need.

Kuwaiti Dinar to Canadian Dollar Exchange Rate Monitoring

The Kuwaiti Dinar is the currency of Kuwait. Our currency rankings show that the most popular Kuwait Dinar exchange rate is the INR to KWD rate. The currency code for Dinars is KWD, and the currency symbol is ك. Below, you’ll find Kuwaiti Dinar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Kuwaiti Dinar News, or take KWD rates on the go with our XE Currency Apps and website.

Kuwait’s central bank is called the Central Bank of Kuwait. As of March 2013, the Kuwaiti Dinar is the highest-valued currency in the world.

In 1959, the Persian Gulf Rupee (XPGR) was issued by the Reserve Bank of India to be used in gulf countries, including Kuwait. Up until then, the Indian Rupee circulated alongside a number of different foreign coins. After gaining independence, the Kuwaiti Dinar was introduced in 1961 at a rate of 13.33 IND to 1 KWD. The Central Bank of Kuwait was established in 1969 to manage the state’s currency system. In 1975, the Dinar was pegged to a weighted currency basket. When Iraq invaded Kuwait in 1990, the Iraqi Dinar was used for a brief period and the Kuwaiti Dinar plummeted in value. When the currency was reinstated in early 1991, its value returned to the pre-invasion rate and new banknotes were issued. From 2003 to 2007, the Dinar was pegged to the US Dollar.

Canadian dollar (symbol: $; code: CAD) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the Lonnie by foreign exchange traders and analysts.

Canada’s dollar is the 5th most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U.S. dollar, the euro, the yen and the pound sterling.The Canadian dollar is popular with central banks because of Canada’s relative economic soundness, the Canadian government’s strong sovereign position, and the stability of the country’s legal and political systems.

As of January 2015, 1 Kuwaiti dinar is equals 4.25 Canadian dollar. You can monitor these exchange rates online. You can use Yahoo! Finance, Google Finance, xe.com etc websites to monitor the exchange rates between Kuwaiti Dinar to Canadian Dollar.

GOOGLE FINANCE:

Google Finance is a website launched on March 21, 2006 by Google. The service features business and enterprise headlines for many corporations including their financial decisions and major news events. Stock information is available, as are Adobe Flash-based stock price charts which contain marks for major news events and corporate actions. The site also aggregates Google News and Google Blog Search articles about each corporation, though links are not screened and often deemed untrustworthy. Google added advertising to its finance page on November 18, 2008 which continues to be shown. Google launched a revamped version of their finance site on December 12, 2006, featuring a new homepage design which lets users see currency information, sector performance for the United States market and a listing of top market movers along with the relevant and important news of the day. A top movers section was also added, based on popularity determined by Google Trends. The upgrade also featured charts containing up to 40 years of data for U.S. stocks, and richer portfolio options. Another update brought real-time ticker updates for stocks to the site, as both NASDAQ and the New York Stock Exchange partnered with Google in June 2008. You can monitor the exchange rates in google finance.

Their website is www.google.com/finance

Features of Google Finance:

  • Markets
  • News
  • Portfolios
  • Stock Screener
  • Google Domestic Trends
  • Recent quotes that are for each individual user.

YAHOO! FINANCE:

Yahoo! Finance is a web site sponsored by Yahoo! that provides financial information and commentary with a focus on US markets. The web site offers information such as stock quotes, stock exchange rates, corporate press releases and financial reports, original programming video clips, and message boards. It also offers some online tools for personal finance management. Yahoo! Finance Worldwide offers similar features for international finance markets.

According to comScore data for May 2012, Yahoo! Finance was the top financial news and research website in the United States with more than 37.5 million unique visitors per month.

Their website is www.finance.yahoo.com

XE.com:

XE.com (XE) is a Canadian-based online foreign exchange tools and services company headquartered in Newmarket, Ontario. It is best known for its online currency converter application and offers exchange rate information, online money transfers, and other currency-related services on its web site. XE claims to be the world’s favorite currency site. As of early 2013, independent ranking site Alexa ranks XE in the top 500 of all sites worldwide by traffic, and a top 100 traffic site in Ireland, South Africa, and the UAE.

XE.com offers various free online currency tools, including the XE Currency Converter which allows visitors to check live exchange rates of any world currency. The website also offers free historical charts and rate tables. The company provides a foreign exchange service (XE Trade) and a commercial currency data feed service (XE Data Feed). Other features include customized converters, a currency encyclopedia, travel expense calculator, and forex currency news. In 2010, the company introduced a free mobile app (XE Currency) which is available on iOS, Android, BlackBerry, Windows Phone, and Windows 8 devices. In early 2013, a paid version (XE Currency Pro) was made available for iPhone users.

Western Union and Moneygram Alternative – Currency Fair Review

CurrencyFair is an online peer-to-peer currency exchange market place. CurrencyFair is headquartered in Ireland also with employees in UK, Australia and Poland. currencyFair was established in April 2009 by co-founders Brett Meyers, Jonathan Potter, Sean Barrett and David Christian. www.currencyfair.com went live in May 2010. As of October 2014, the company has processed over €1.2 billion, saving customers over €60 million in bank fees. CurrencyFair describe themselves as “an online dating bureau for people who want to swap money but avoid hefty fees”. Currently, 17 currencies are available to exchange (send or receive) – Euro, Pound Sterling, US Dollar, Australian Dollar, Canadian Dollar, Swiss Franc, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, Norwegian Krone, New Zealand dollar, Polish Zloty, Swedish Krona, Singapore Dollar and South African Rand. Users can send Japanese Yen, Israeli Shekel and Thai Baht. The company charges 0.15% for peer-to-peer matches and 0.5% for matches against CurrencyFair. A transfer of currency of a CurrencyFair account costs £3, €3, $4 or equivalent. These fees are much lower than that charged by conventional market players including banks and online foreign exchange brokers.

Get better exchange rates when transferring money internationally!
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CurrencyFairCurrencyFair Limited, incorporated in Ireland (No. 469391) is fully regulated as an Authorized Payment Institution by the Central Bank of Ireland (No.C57373) under the European Communities (Payment Services) Regulations 2009. CurrencyFair Australia Ptv Ltd (ABN 94 147 506 410) is regulated by the Australian Securities and Investments Commission, AFSL No. 402709.

All customer funds are held separately in segregated client accounts with one of the world’s largest financial institutions. These accounts are separate from our corporate accounts and they cannot use them to settle any of our own obligations. Our banking partner has over 57 million customers worldwide, and a 2013 revenue of $90 billion USD. Two-factor authentication is a way of improving account security by combining what you know, for example your password, with something only you have in your possession, like your mobile phone.

In order to send and receive money, you need to sign up at currency fair website and then follow the rules stated in the website.
When trying to log in or carry out certain actions, such as transferring money out, they will automatically send a message to your phone with a code. You enter this code into the two-factor authentication form on . Our website uses 256-bit encryption via SSL from VeriSign. This indicates that your connection is secure.

they maintain continuous auditing, logging, backups and safe-guarding of data. To further protect against malicious attacks, they run numerous security tests on our own software and systems and maintain the very latest virus protection software.

They have built in a number of safeguards into our software including:

Identity Verification – Checks on new customers to determine if the identity information provided is accurate and not suspicious.

Automatic Logout – If you are inactive for an extended period of time they automatically log you out so unauthorized people cannot access your account.

Contact Information Confirmation – All changes to your contact information are verified with you before they make any changes.

All deposits by you to us are recorded by your bank. All your exchanges and transfers on our platform are recorded and saved in your account summary and you will receive a confirmation email instantly. All transfers from our bank are also logged. In short, all of your interactions with us are fully documented and available to you when you need it.

CurrencyFair Limited is regulated (fully authorized) by the Central Bank of Ireland under the European Communities (Payments Services) Regulations 2009. This regulation governs foreign exchange and money remittance.

You can check the register here (http://registers.centralbank.ie/DownloadsPage.aspx) and find out more information on what it means for your protection and consumer rights.

Key features of our regulation include:

Protection of Client Funds – There is a clear set of regulations on how they have to safeguard customer’s funds. This requires us to segregate customer accounts so that, in an insolvency event, this money would be protected from other creditors’ claims and can be repaid to customers.

Highest Standards for Systems and Procedures – they must maintain systems that minimize the risk of the loss of our customer’s funds through fraud, misuse, negligence or poor administration. In addition they are required to have effective risk management procedures, adequate internal control mechanisms and to maintain relevant records.

Minimum Capital Requirements – they must maintain a minimum level of assets at all times that is set by the Central Bank of Ireland. they must also hold sufficiently liquid assets to be able to meet our working capital requirements.

Management Vetting – Key personnel are individually approved for performing controlled and significant influence functions. they must pass a ‘fit and proper test’ considering honesty, integrity, reputation, competence, capability and financial soundness to make sure that they are of good repute and possess appropriate knowledge and experience.

Detection of Financial Crime – they must comply with legal requirements to deter and detect financial crime, which includes money laundering and terrorist financing.

7 Most Popular Countries to Transfer Money

From Kuwait
TO
INDIA, PHILLIPINES, USA, UK, MALAYSIA, ARMENIA, CANADA

You can send money from Kuwait to those countries. in different process. You can use wire transfer system or you can send it via different websites. If you send money via wire transfer then you’ll have to pay government issued taxes. If you use different websites, then you have to pay the fees that’s charged by that particular website.

You can send money from Kuwait to other countries via Xoom ,Western Union, MoneyGram, World First etc.

VIA XOOM:

Xoom Corporation is a digital money transfer company based in San Francisco, United States of America. The company was founded in 2001. With the Xoom bank deposit service, consumers can send money directly to bank accounts in Argentina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, France, Germany, Guatemala, Honduras, India, Ireland, Italy, Jamaica, Mexico, Netherlands, Nicaragua, Panama, Peru, the Philippines, Poland, Spain, the United Kingdom, Uruguay and Vietnam. Consumers pay for Xoom money transfers using funds from their U.S. bank account, credit card, or debit card. The money transfers are paid out in either U.S. dollars or in local currency.

Unfortunately, Xoom is not supported by Kuwaiti-an banks. So you have to search an alternative way to send your payments from Kuwait to other countries.

In order to transfer money through Xoom from Kuwait to other countries you have to go to www.xoom.com and open an account there. And then they need to select there payment option and the details of the recipient . And then the customer will confirm their transfer in the confirmation page. Transaction of money in Xoom is very secure and reliable because Xoom provides top notch security and safety to their users. One needs to verify their identity and their bank account in order to ensure one’s security. More specific delivery times are available as you provide more details about how you’d like to send the money.

VIA MONEY GRAM:

Money-gram International Inc. is a money transfer company based in the United States with headquarters in Dallas, Texas. It has an operation center in St. Louis Park, Minnesota and regional and local offices around the world. MoneyGram is a public company and listed under the ticker symbol MGI. MoneyGram businesses are divided into two categories: Global Funds Transfers and Financial Paper Products.The company works with individuals and businesses through a network of agents and financial institution customers.

MoneyGram is the second largest provider of money transfers in the world. he company operates in more than 200 countries with a global network of about 347,000 agent offices.

MoneyGram basically transfers your money via wire transfer. So you need to find a MoneyGram dealer and then you’ll be able to transfer money. You need to verify your identity via

  • Passport
  • Driver license
  • National identity card

Your agent will give a reference number which you’ll be needed to send to the receiver. By using this number you’ll be able to send money from Kuwait to other countries.

VIA WESTERN UNION MONEY TRANSFER :

The Western Union Company is an American financial services and communications company. Its North American headquarters is in Meridian, Colorado, though the postal designation of nearby Englewood is used in its mailing address. Up until it discontinued the service in 2006, Western Union was the best-known U.S. company in the business of exchanging telegrams.

Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services. They offered standard “Cablegrams”, as well as more cheerful products such as Candygrams, Dollygrams, and Melodygrams.

tmYou can send money from Kuwait from other countries easily through Western Union. There are four ways to send money through western union. But in case of sending money from Kuwait to other countries, only one process is available. A sender goes to a Western Union office and presents funds (plus fees) for “Next Day” or “Money in Minutes” service. The sender provides his or her name and address, the recipient’s name, and a designated payment destination. Western Union then provides the sender a 10-digit Money Transfer Control Number (MTCN) that the sender must provide to the recipient. The recipient then proceeds to a Western Union agent office in the designated payment location, presents the 10-digit MTCN, and a photo ID. Money is then paid out to the recipient. In some locations, if a recipient lacks identification documents, the sender and receiver can set up a pre-arranged password. Funds are paid out in cash, although if payment exceeds a local maximum or cash on hand, a check is issued. Alternatively, a sender may forward funds to a recipient by using Western Union’s website or by phone. In some countries, the recipient doesn’t need the MTCN number if he has sufficient identification.

VIA WORLD FIRST:

World First is a UK-based foreign exchange company. It offers currency exchange and international payments to private clients and corporate clients in the UK and a number of other countries. The company was established in 2004 by Jonathan Quin and Nick Robinson.

You can send money from Kuwait to other countries via World First. You can do it online or you can do it via telephone call. You will be needed to open an account in www.worldfirst.com/us/ and you’ll be able to transfer money. Fees are very little in this site. Transfer over $10,000 with us and there are no fees. For transfers under $10,000 we charge a flat fee of $10. You can use it for your personal use or you can use it for your business. It’s a simple and trustworthy process of sending money.

Ensuring the safety and security of your money is their business. Their parent company World First UK Limited is an authorized Payment Institution under the Financial Conduct Authority (No 502759). As a member of the World First Group of companies, World First USA, Inc complies fully with these regulations to ensure your funds are appropriately safeguarded and segregated from business funds in line with the requirements. Being authorized and regulated requires our companies to hold sufficient capital to protect our business and further safeguard our customers. World First USA, is licensed as a Money Transmitter Business that operates under USA anti-money laundering laws and regulations. As a non-depository financial institution World First USA, Inc follows all rules and guidance of FinCEN and the Office of Foreign Assets Control (OFAC), including the Bank Security Act (BSA) and USA Patriot Act 2001. They maintain high levels of capital and have a 3A2 credit rating from Dun and Bradstreet. World First never speculates on the currency markets. When you enter into a transaction with us, we enter into a matching irrevocable covering deal with our bank. It is this transaction that turns your sold currency into your bought currency and from which your outward payment is made. Their two main transaction banks are Barclay’s and Citibank. We additionally hold client accounts with Royal Bank of Scotland and Commerzbank (Germany).