Forex Futures Trading

Is it possible an international bank transfer to and from a different currency?

I want to transfer currency from the Philippines to my Forex account in Cyprus. It is USD 3000. The sender is the currency Philippine Peso (PHP) and the target currency is U.S. Dollar. Any banks / institutions that offer low fares? Thank you.

All major international banks do not transfer your local currency (where the Philippines) to another country, especially in U.S. dollars (still considered the Currency final), unless exchange controls in one of the two countries involved, in which case you may have to provide the Bank of sending or receiving bank governmental or regulatory agency in each country, to provide details and justification of the reason for the transfer or the origin of money, etc.. Money not necessarily have to be transferred to your bank on the receiving end, because the issuing bank may have to first transfer your correspondent in Cyprus, which In turn, the transfer to your bank. This does not give extra work in sending country. I could only take a few more days and cost a little more money. While Therefore, all the banks involved will use the money to earn some interest while the money is in your possession.

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