<prompt> Human: I live in the US for the past 12 years, my parents live in India and my son studies in Europe Berlin.I usually send some money to my parents every month something like 400, and slightly more to my son to pay the rent.My bank helped me to set up my transfers but my friends made me realize that the exchange rate they use is ridiculous and they add high fees on top of it.I tried Western Union and... This is worst.Anyone is the same situation? Is there a way to avoid it? Is it better to just carry cash on the plane when i go there?  <response>: There is a website called Moneytis which compares money transfer solutions including xoom and transferwise to see which ones costs less overall taking into account exchange rates and fees. I encourage you plug in your numbers there and act accordingly. According to it, transferwise is the best exchange rate but it takes 4 days for money to transfer. 