How you choose to transfer money to Luxembourg will depend on the amount of cash you need to move and the frequency with which you intend to make such a transfer.
But regardless of this, it will pay off to do a bit of research in to the options for moving money internationally.
There are three main possibilities: Banks, Money Sending Bureaus and foreign exchange brokers.
The first is the most obvious and it can be very convenient, especially if you want to transfer money to a bank account in Luxembourg.
However, most high street banks will charge you per-transfer fees when you transfer money to Luxembourg. On top of this, banks are not renowned for having the most competitive currency exchange rates on the consumer market.
As such you might want to think about your other two options.
Money Sending Bureaus are the small money shops you might have spotted on high streets around the world. They can help you to transfer money to Luxembourg, even if your recipient does not have a bank account there.
However, the per-transfer fees issued by these businesses can be as much as 15 per cent!
If you decide that neither of these options is for you, then it might be worth opening a free online account with RationalFX. While most foreign exchange brokers will offer you very competitive currency exchange rates on Luxembourg's currency, the euro, RationalFX can also save you money by allowing you to transfer money to Luxembourg without paying high fees.
Once you have opened an account, there is no commitment to use us to move money. But you will be able to access the foreign exchange rates available today in order to compare them with your other options.