1. Ireland’s New Tariff Policy and Why Currency Transfers Are Affected

In July 2025, Ireland introduced a new round of import tariff increases on non-EU goods to combat inflation and boost tax revenue (Source: The Irish Times). Though unrelated to banking, the announcement affected market sentiment, resulting in increased EUR to DKK exchange rate volatility.

For Irish residents with financial ties to Denmark—whether for family, education, or personal needs—the question becomes: Which platform offers the safest, most affordable, and fastest money transfers?

2. Xoom: Popular, But Is It the Cheapest?

Xoom, a PayPal-owned service, is widely recognized in Europe. However, while its exchange rates may seem competitive, fees can add up. According to their website, transfers from Ireland to Denmark often involve a combined fixed and percentage fee, and delivery typically takes 1–2 business days.

In contrast, bank transfers can cost up to 4–6% of the total transfer (Source: World Bank Remittance Prices). No wonder users are turning to cheaper, faster alternatives.

3. Panda Remit: The Truly Affordable Solution

Compared to Xoom and banks, Panda Remit shines with its low fees, real-time rates, and fully app-based experience. For EUR to DKK transfers, it’s an optimal choice for anyone who values savings, speed, and security.

Lowest Cost: Zero Fees for First Transfer

New users get their first transaction fee-free, and even follow-up transfers incur minimal, transparent charges—often 80% cheaper than banks.

Real-Time Mid-Market Rates

Forget hidden markups. Panda Remit allows users to check live rates via its app or website, with near-mid-market pricing and no hidden spreads.

Secure and Convenient

Licensed in multiple countries and fully compliant, Panda Remit ensures safe transfers without branch visits—everything happens inside the app.

Real-Time Tracking

Track your money from start to finish with in-app updates. Know exactly where your funds are—anytime.

4. Final Verdict: Cheapest is More Than Just a Label

While Xoom offers reliability, Panda Remit delivers the same—and more—for less. If you’re serious about saving money on your EUR to DKK transfers, it’s time to try the smarter option.

 Register now with Panda Remit to enjoy zero fees on your first transfer!

Panda Remit—Cheaper. Smarter. Just Better.