I. Hungary Pushes Back Against EU Tariff Pressure – A Beacon of Openness in Cross-Border Finance

In early 2025, as the European Union debates tightening tariffs on Asian imports, Hungary has positioned itself as a vocal opponent, calling for continued cooperation with Asian economies and denouncing what it calls "economic isolationism." This open stance has made Hungary an increasingly attractive destination for international students, especially from Thailand, Vietnam, and India.

For families supporting students abroad, this raises a practical challenge:
How can you safely and cost-effectively send money from Denmark to Thailand—while dealing with volatile exchange rates?

II. Why Traditional Bank Transfers Fall Short

According to the World Bank's Q3 2024 Report, average remittance fees from Europe to Southeast Asia stand at 4.44%. Common problems include:

•  Complex Process: Requires IBAN, SWIFT codes, and recipient bank details.

•  Slow Transfer Time: 3–5 business days, longer on holidays.

•  Unpredictable Exchange Rates: Banks often charge a higher spread with little transparency, increasing losses when rates fluctuate.

III. Panda Remit: A Study-Abroad Friendly Solution with Real-Time Rate Tools

Panda Remit is a digital remittance platform that supports Danish Krone to Thai Baht transfers, optimized for students and families. Here’s what makes it stand out:

Live Exchange Rates + Alert Notifications

Get up-to-the-minute exchange rates with zero hidden markups. Enable rate alerts to transfer when conditions are best.

Lower Fees Than Banks – First Transfer Free

Digital remittance channels cost as low as 2.68% (World Bank, 2024). New users enjoy zero fees on their first transfer.

Transfers in Minutes – Not Days

Smart-clearing technology enables 2-minute fastest transfers, with most completed within 10 minutes. Perfect for urgent tuition or rent needs.

Dual-Language App for Parents and Students

Easy-to-use app with English and Chinese interfaces, no complex forms, no need to visit a bank—just link a card and send.

Compatible with Thai Bank Accounts & Local Wallets

Funds can be sent to major Thai banks or digital wallets like TrueMoney, offering flexibility for younger users.

IV. Policy-Compliant & Secure

Thailand’s central bank imposes no restrictions on inward educational remittances. Panda Remit ensures regulatory compliance, data encryption, and transparent transaction records for peace of mind.

"My parents send me money from Denmark to Thailand every month. Panda Remit is fast, lets us time the exchange rate, and is cheaper than banks." — Nattaya, Thai student
"I've used it twice already. Easy to use, no surprise fees, great for families like us supporting kids abroad." — Worapon, parent in Thailand

V. Don’t Let Exchange Rates Eat Up Your Savings—Switch Today!

 In an age of currency volatility and rising tuition costs, smart families are ditching banks for more efficient, transparent tools.

 Sign up for Panda Remit now and enjoy your first transfer with zero fees!