How to send money to Cape Verde from Australia with the best AUD-CVE rate

Of the 5 companies we analysed, Ria Money Transfer is the cheapest app overall for sending A$2,000 to Cape Verde, giving your recipient 134,884.61 CVE.

Best companies for AUD/CVE transfers

5 of 5 providers

Last updated on 10 November 2026

Based on 2,000 AUD transfer

Best companies for AUD/CVE transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $84.61 1 AUD = 68.2038 CVE -0.19% vs mid-market Recipient gets CVE 130,636.88 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$84.611 AUD = 68.2038 CVE
CVE 130,636.88You pay$2,000.00
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Xe

Pay via Debit Card
Fees: $0.00 1 AUD = 67.0384 CVE +1.53% vs mid-market Recipient gets CVE 134,076.80 6-12 Hours
Receive to bank accountDedicated support for larger transactions

Ways to receive money in Cape Verde with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 67.0384 CVE
CVE 134,076.80You pay$2,000.00

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Ria Money Transfer

Pay via Credit Card
Fees: $2.89 1 AUD = 67.5399 CVE +0.79% vs mid-market Recipient gets CVE 134,884.61 6-12 Hours
Cheapest

Ways to receive money in Cape Verde with Ria Money Transfer when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$2.891 AUD = 67.5399 CVE
CVE 134,884.61You pay$2,000.00
Cash pickup6-12 Hours
$2.891 AUD = 67.1971 CVE
CVE 134,200.00You pay$2,000.00

Ria Money Transfer

Pay via Debit Card
Fees: $2.89 1 AUD = 67.5399 CVE +0.79% vs mid-market Recipient gets CVE 134,884.61 6-12 Hours

Ways to receive money in Cape Verde with Ria Money Transfer when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$2.891 AUD = 67.5399 CVE
CVE 134,884.61You pay$2,000.00
Cash pickup6-12 Hours
$2.891 AUD = 67.1971 CVE
CVE 134,200.00You pay$2,000.00

Ria Money Transfer

Pay via PayID
Fees: $2.89 1 AUD = 67.5399 CVE +0.79% vs mid-market Recipient gets CVE 134,884.61 6-12 Hours

Ways to receive money in Cape Verde with Ria Money Transfer when paying by payid.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$2.891 AUD = 67.5399 CVE
CVE 134,884.61You pay$2,000.00
Cash pickup6-12 Hours
$2.891 AUD = 67.1971 CVE
CVE 134,200.00You pay$2,000.00

Xe

Pay via Debit Card
Fees: $0.00 1 AUD = 67.0384 CVE +1.53% vs mid-market Recipient gets CVE 134,076.80 6-12 Hours
Receive to bank accountDedicated support for larger transactions

Ways to receive money in Cape Verde with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 67.0384 CVE
CVE 134,076.80You pay$2,000.00

Xe

Pay via Bank Transfer
Fees: $0.00 1 AUD = 67.0384 CVE +1.53% vs mid-market Recipient gets CVE 134,076.80 6-12 Hours
Receive to bank accountDedicated support for larger transactions

Ways to receive money in Cape Verde with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 67.0384 CVE
CVE 134,076.80You pay$2,000.00

Xe

Pay via Credit Card
Fees: $0.00 1 AUD = 67.0384 CVE +1.53% vs mid-market Recipient gets CVE 134,076.80 6-12 Hours
Receive to bank accountDedicated support for larger transactions

Ways to receive money in Cape Verde with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 67.0384 CVE
CVE 134,076.80You pay$2,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 AUD = 66.8300 CVE +1.84% vs mid-market Recipient gets CVE 133,660.00 Within minutes
Fastest
Receive to bank account or cash pickup

Ways to receive money in Cape Verde with Remitly when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 AUD = 66.8300 CVE
CVE 133,660.00You pay$2,000.00

Remitly

Pay via Credit Card
Fees: $0.00 1 AUD = 66.8300 CVE +1.84% vs mid-market Recipient gets CVE 133,660.00 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Cape Verde with Remitly when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 AUD = 66.8300 CVE
CVE 133,660.00You pay$2,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 AUD = 66.8300 CVE +1.84% vs mid-market Recipient gets CVE 133,660.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Cape Verde with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 AUD = 66.8300 CVE
CVE 133,660.00You pay$2,000.00

Remitly

Pay via PayTo
Fees: $0.00 1 AUD = 66.8300 CVE +1.84% vs mid-market Recipient gets CVE 133,660.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Cape Verde with Remitly when paying by payto.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 AUD = 66.8300 CVE
CVE 133,660.00You pay$2,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $3.99 1 AUD = 66.7842 CVE +1.91% vs mid-market Recipient gets CVE 133,568.40 6-12 Hours

Ways to receive money in Cape Verde with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$3.991 AUD = 66.7842 CVE
CVE 133,568.40You pay$2,003.99
$0 fee on first online transfers

MoneyGram

Pay via POLi
Fees: $3.99 1 AUD = 66.7842 CVE +1.91% vs mid-market Recipient gets CVE 133,568.40 6-12 Hours

Ways to receive money in Cape Verde with MoneyGram when paying by poli.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$3.991 AUD = 66.7842 CVE
CVE 133,568.40You pay$2,003.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $3.99 1 AUD = 66.7842 CVE +1.91% vs mid-market Recipient gets CVE 133,568.40 6-12 Hours

Ways to receive money in Cape Verde with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$3.991 AUD = 66.7842 CVE
CVE 133,568.40You pay$2,003.99

Wise

Pay via Bank Transfer
Fees: $84.61 1 AUD = 68.2038 CVE -0.19% vs mid-market Recipient gets CVE 130,636.88 Within a week
Our top pick
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$84.611 AUD = 68.2038 CVE
CVE 130,636.88You pay$2,000.00

Wise

Pay via Osko
Fees: $84.61 1 AUD = 68.2038 CVE -0.19% vs mid-market Recipient gets CVE 130,636.88 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by osko.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$84.611 AUD = 68.2038 CVE
CVE 130,636.88You pay$2,000.00

Wise

Pay via Debit Card
Fees: $89.78 1 AUD = 68.2038 CVE -0.19% vs mid-market Recipient gets CVE 130,284.26 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$89.781 AUD = 68.2038 CVE
CVE 130,284.26You pay$2,000.00

Wise

Pay via Credit Card
Fees: $102.36 1 AUD = 68.2038 CVE -0.19% vs mid-market Recipient gets CVE 129,426.26 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$102.361 AUD = 68.2038 CVE
CVE 129,426.26You pay$2,000.00
How Our Results Work
Mid-market rate: 1 AUD = 68.0732 CVE Updates every 60 minutes.

How to send money from Australia to Cape Verde

Pick a company

Start with the cheapest, which is Ria Money Transfer at 134,884.61 CVE on A$2,000.

Ria Money Transfer was the cheapest on 9 of the 19 days it quoted A$2,000 transfers to Cape Verde.

Funding is quick whoever you pick, so the choice comes down to the rate and how your recipient collects it.

Fund your transfer

You have 7 ways to pay, including debit card, credit card, bank transfer, PayID, PayTo, POLi, and osko.

PayID and Osko move money to the company in seconds at no cost, and PayID shows you the account name before you confirm.

Watch your bank's daily limit on anything large.

Verify and send

First time round you'll need a photo ID, usually a licence or a passport.

A passport and visa are enough if you’re new (you don’t need an Australian credit history).

Compare amounts

How much AUD are you sending to Cape Verde?

How much AUD you send to Cape Verde heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Ria Money Transfer was the cheapest in 51% of the transfers up to A$2,000 it quoted, and in 52% of all the transfers it quoted.

Cheapest service
$1,0000.80%$2.89CVE 67,344.71with credit card to bank deposit+CVE 996.62
$1,5000.80%$2.89CVE 101,114.66with credit card to bank deposit+CVE 1,298.12
$2,000This page0.79%$2.89CVE 134,884.61with credit card to bank deposit+CVE 1,754.39
$3,0001.54%$0.00CVE 201,115.20with debit card to bank deposit+CVE 1,865.52
$7,5001.53%$0.00CVE 502,788.00with debit card to bank deposit+CVE 5,452.11
$12,0000.27%$0.00CVE 814,742.17with bank transfer to bank deposit+CVE 17,055.27
$15,0000.27%$0.00CVE 1,018,427.71with bank transfer to bank deposit+CVE 21,246.50
$50,0000.25%$0.00CVE 3,395,758.48with bank transfer to bank deposit+CVE 57,072.14
$100,0000.25%$0.00CVE 6,784,653.86with bank transfer to bank deposit+CVE 96,732.29
$250,0000.20%$0.00CVE 16,984,605.46with bank transfer to bank deposit+CVE 243,647.43
$500,0000.20%$0.00CVE 33,950,079.77with bank transfer to bank deposit+CVE 477,103.89

Mid-market rate: 1 AUD = 68.0732 CVE

AUD/CVE Exchange Rate History

Is today a good time to send money from Australia to Cape Verde?

The cheapest way to send AUD to CVE can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Ria Money Transfer), across 30 days of comparisons for 2,000 AUD transfers to Cape Verde.

CVE received for $2,000, after fees

Tue, 10 Nov 2026Mid-market rateCVE 136,146.38 Ria Money Transfer CVE 134,884.61Ria Money TransferCVE 134,884.61XeCVE 134,076.80RemitlyCVE 133,660.00

133,000
134,000
135,000
136,000
137,000
138,000
139,000
140,000
At the mid-market rateWith the cheapest optionRia Money TransferXeRemitly
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.6289 – CVE 137,257.82
Remitly Cheapest 67.5100 $0.00 CVE 135,020.00 −CVE 2,237.82
Xe 67.4997 $0.00 CVE 134,999.40 −CVE 2,258.42
Ria Money Transfer 66.9707 $2.89 CVE 133,747.85 −CVE 3,509.96
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.8475 – CVE 137,695.02
Xe Cheapest 67.5880 $0.00 CVE 135,176.00 −CVE 2,519.02
Remitly 67.4400 $0.00 CVE 134,880.00 −CVE 2,815.02
Ria Money Transfer 66.9707 $2.89 CVE 133,747.85 −CVE 3,947.17
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.9451 – CVE 137,890.29
Remitly Cheapest 67.7500 $0.00 CVE 135,500.00 −CVE 2,390.29
Xe 67.7289 $0.00 CVE 135,457.80 −CVE 2,432.49
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.3238 – CVE 136,647.66
Xe Cheapest 67.6210 $0.00 CVE 135,242.00 −CVE 1,405.66
Remitly 67.0400 $0.00 CVE 134,080.00 −CVE 2,567.66
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 67.0800 $0.00 CVE 134,160.00 –
Xe 66.9122 $0.00 CVE 133,824.40 –
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.3081 – CVE 136,616.18
Xe Cheapest 67.1023 $0.00 CVE 134,204.60 −CVE 2,411.58
Remitly 66.9500 $0.00 CVE 133,900.00 −CVE 2,716.18
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.3081 – CVE 136,616.18
MoneyGram Cheapest 66.8122 $3.99 CVE 133,624.40 −CVE 2,991.78
Ria Money Transfer No quote collected this day – – – –
Xe No quote collected this day – – – –
Remitly No quote collected this day – – – –

No data was collected on Mon, 19 Oct 2026.

Exchange rateFees:Recipient getsDifference
Mid-market rate 68.9892 – CVE 137,978.36
Xe Cheapest 67.6215 $0.00 CVE 135,243.00 −CVE 2,735.36
Remitly 67.5100 $0.00 CVE 135,020.00 −CVE 2,958.36
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Xe Cheapest 67.7923 $0.00 CVE 135,584.60 –
Remitly 67.7500 $0.00 CVE 135,500.00 –
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Xe Cheapest 67.9375 $0.00 CVE 135,875.00 –
Remitly 67.6300 $0.00 CVE 135,260.00 –
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 67.9400 $0.00 CVE 135,880.00 –
Xe 67.8564 $0.00 CVE 135,712.80 –
Ria Money Transfer No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Xe Cheapest 68.2287 $0.00 CVE 136,457.40 –
Remitly 68.0400 $0.00 CVE 136,080.00 –
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Xe Cheapest 68.2287 $0.00 CVE 136,457.40 –
Remitly 68.0400 $0.00 CVE 136,080.00 –
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 –
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.0605 – CVE 138,120.96
Xe Cheapest 68.1993 $0.00 CVE 136,398.60 −CVE 1,722.36
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 −CVE 2,267.95
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Xe Cheapest 68.2123 $0.00 CVE 136,424.60 –
Remitly 68.1400 $0.00 CVE 136,280.00 –
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 –
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.6937 – CVE 139,387.48
MoneyGram Cheapest 68.1931 $3.99 CVE 136,386.20 −CVE 3,001.28
Ria Money Transfer No quote collected this day – – – –
Xe No quote collected this day – – – –
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.6729 – CVE 139,345.82
Remitly Cheapest 68.5500 $0.00 CVE 137,100.00 −CVE 2,245.82
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 −CVE 3,492.81
Xe No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.6937 – CVE 139,387.37
Xe Cheapest 68.5388 $0.00 CVE 137,077.60 −CVE 2,309.77
Remitly 68.0500 $0.00 CVE 136,100.00 −CVE 3,287.37
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 −CVE 3,534.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.1425 – CVE 138,284.96
Xe Cheapest 68.4074 $0.00 CVE 136,814.80 −CVE 1,470.16
Remitly 68.2800 $0.00 CVE 136,560.00 −CVE 1,724.96
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 −CVE 2,431.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.1425 – CVE 138,284.96
Ria Money Transfer Cheapest 68.0248 $2.89 CVE 135,853.01 −CVE 2,431.95
Xe No quote collected this day – – – –
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Xe Cheapest 68.3782 $0.00 CVE 136,756.40 –
Remitly 68.0300 $0.00 CVE 136,060.00 –
Ria Money Transfer 68.0248 $2.89 CVE 135,853.01 –
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.0169 – CVE 138,033.82
Ria Money Transfer Cheapest 68.0248 $2.89 CVE 135,853.01 −CVE 2,180.81
Xe 67.7342 $0.00 CVE 135,468.40 −CVE 2,565.42
Remitly 67.5400 $0.00 CVE 135,080.00 −CVE 2,953.82
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.5287 – CVE 137,057.32
Ria Money Transfer Cheapest 68.0248 $2.89 CVE 135,853.01 −CVE 1,204.31
Xe 67.5399 $0.00 CVE 135,079.80 −CVE 1,977.52
Remitly 67.4000 $0.00 CVE 134,800.00 −CVE 2,257.32
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Ria Money Transfer Cheapest 68.0248 $2.89 CVE 135,853.01 –
Xe 67.5282 $0.00 CVE 135,056.40 –
Remitly 67.5000 $0.00 CVE 135,000.00 –
Exchange rateFees:Recipient getsDifference
Mid-market rate 67.7415 – CVE 135,483.00
Ria Money Transfer Cheapest 68.0248 $2.89 CVE 135,853.01 +CVE 370.01
Xe No quote collected this day – – – –
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.3302 – CVE 136,660.46
Ria Money Transfer Cheapest 67.5399 $2.89 CVE 134,884.61 −CVE 1,775.85
Remitly 66.7300 $0.00 CVE 133,460.00 −CVE 3,200.46
Xe 66.7007 $0.00 CVE 133,401.40 −CVE 3,259.06
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.0942 – CVE 136,188.46
Ria Money Transfer Cheapest 67.5399 $2.89 CVE 134,884.61 −CVE 1,303.85
Xe No quote collected this day – – – –
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.1531 – CVE 136,306.15
Ria Money Transfer Cheapest 67.5399 $2.89 CVE 134,884.61 −CVE 1,421.54
Xe No quote collected this day – – – –
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 68.0732 – CVE 136,146.38
Ria Money Transfer Cheapest 67.5399 $2.89 CVE 134,884.61 −CVE 1,261.77
Xe 67.0384 $0.00 CVE 134,076.80 −CVE 2,069.58
Remitly 66.8300 $0.00 CVE 133,660.00 −CVE 2,486.38

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $2,000, after fees, as quoted by each company. The mid-market line shows what $2,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more CVE per AUD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 1 of the last 30 days.

Right now, Ria Money Transfer pays 134,884.61 CVE on 2,000 AUD, which is 1,261.77 CVE less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 137,100 CVE.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Cape Verde.

We've tracked 329 comparisons to check how often today's top companies were the cheapest across 11 amounts over the past month.

  1. Ria Money TransferAppeared in 54 comparisons

    Cheapest in 52% of them

  2. XeAppeared in 244 comparisons

    Cheapest in 33% of them

  3. RemitlyAppeared in 89 comparisons

    Cheapest in 36% of them

Based on 329 comparisons across 11 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Ria Money Transfer is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Xe (today's second cheapest) was the cheapest in only 33% of its comparisons, so it's rarely the cheapest option for transfers to Cape Verde.

Ways to send money from Australia to Cape Verde

5 money transfer companies let you send money from Australia to Cape Verde.

Cheapest for most transfers

Online transfers

Sending money online with a “self-service” provider is usually the cheapest way to send money to Cape Verde.

For example, sending A$2,000 with Ria Money Transfer will get you 134,884.61 CVE after a A$2.89 fee and 0.79% markup.

In our comparisons over the past month, it was the cheapest online service on 9 of the 19 days it quoted.

To speed up the transfer, use PayID or bank transfer, this will ensure your money is withdrawn instantly from your AU bank account.

Plus, PayID shows the registered payee name, which gives you an extra check against the details you entered.

For regular transfers home

Money transfer apps

An app suits the transfer you make over and over to the same recipient, similar amount, every payday or so.

Ria Money Transfer takes A$2.89 in fees and 0.79% markup on a A$2,000 transfer, and your CVE arrives in 6-12 hours.

Over the past month, Ria Money Transfer was the cheapest app on 47% of the days it appeared for A$2,000 transfers.

Signing up is quick even if you're new to Australia.

A passport and visa are enough for most money transfer apps, and no local credit history is needed.

For large AUD transfers

Currency brokers

Money transfer brokers are best for large transfers, like buying property, moving abroad, or paying student fees.

On transfers of $10,000 or more, a broker like Xe drops the fee entirely and works on margin instead.

With Xe you get 1.53% on AUD/CVE, and it gets lower the more you send.

You also get an account manager for the whole thing.

Our analysis shows Xe was the cheapest broker in 43% of all the transfers it quoted.

For overseas business payments

Business accounts

Global accounts like Airwallex are great for paying suppliers, contractors or staff in CVE, handling invoices, batch payments, and more.

For receiving and spending

Multi-currency accounts

Multi-currency accounts let you hold AUD and CVE in one account, and convert when the rate suits you.

Wise converts A$2,000 at -0.19% markup, and the CVE sits in your account until you spend or transfer it.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Most useful if you travel often to Cape Verde, split your life between two countries, or receive money from abroad.

We also created a guide going into more detail about multi currency accounts.

Ways to fund AUD and receive money in Cape Verde

With Ria Money Transfer, paying by credit card and receiving through a bank deposit is the cheapest combination. Sending A$2,000 gives your recipient 134,884.61 CVE.

You can fund the transfer with debit card, credit card, bank transfer, PayID, PayTo, POLi, and osko.

You can pay with PayID

Use the PayID supplied by the company and confirm the recipient name shown by your Australian bank before approving the payment.

Recipients in Cape Verde can collect CVE through bank deposit and cash pickup.

They can collect cash via Ria Money Transfer

For cash collection, the recipient should take a photo ID and the transfer reference to a participating location in Cape Verde.

  1. 1
    Debit card Bank deposit

    You pay A$2,000.00

    Esc134,885

    Cheapest

  2. 2
    Credit card Bank deposit

    You pay A$2,000.00

    Esc134,885

    Esc0

  3. 3
    PayID Bank deposit

    You pay A$2,000.00

    Esc134,885

    Esc0

  4. 4
    Debit card Cash pickup

    You pay A$2,000.00

    Esc134,200

    -Esc685

  5. 5
    Credit card Cash pickup

    You pay A$2,000.00

    Esc134,200

    -Esc685

Show moreShow less
  1. 6
    PayID Cash pickup

    You pay A$2,000.00

    Esc134,200

    -Esc685

  2. 7
    Bank transfer Bank deposit

    You pay A$2,000.00

    Esc134,077

    -Esc808

  3. 8
    PayTo Bank deposit

    You pay A$2,000.00

    Esc133,660

    -Esc1,225

  4. 9
    POLi Cash pickup

    You pay A$2,003.99

    Esc133,568

    -Esc1,316

  5. 10
    Osko Bank deposit

    You pay A$2,000.00

    Esc130,637

    -Esc4,248

Consider this before sending AUD to Cape Verde

Every international transfer is reportable by the company handling it, but that is not a tax or a form you normally file yourself. PayID can fund the transfer, while the overseas leg still needs a transfer provider.

Compare AUD/CVE transfer options

For a A$2,000 transfer to Cape Verde, these are the best options right now:

Cheapest

Ria Money Transfer is cheapest when funded by credit card with bank deposit for the payout. Your recipient gets 134,884.61 CVE, which is 0.6% more than the next best option.

Fastest

Remitly delivers 133,660 CVE in within an hour when you use debit card and choose bank deposit as payout.

If you need money urgently, we've put together a guide on instant money transfers.

PayID is domestic only

PayID and Osko move Australian dollars between local accounts.

When a money transfer company accepts PayID, it collects the AUD in Australia and then handles the conversion and payout in Cape Verde.

Confirm the registered business name shown by your bank before approving the PayID payment.

AUSTRAC reporting

The bank or remittance company reports international transfer instructions to AUSTRAC.

This applies to international transfers generally, rather than only those above A$10,000.

You do not normally submit the international transfer report yourself.

A separate threshold report applies when a transaction involves A$10,000 or more in physical cash.

Large or unusual transfers can still trigger source-of-funds checks. Keep the sale agreement, invoice or bank statement that explains the payment ready.

Cash gifts can affect Centrelink payments

Australia does not generally tax a genuine cash gift simply because you send it to family in Cape Verde.

Gifting money can still affect income-tested or asset-tested Centrelink payments.

Services Australia can continue assessing gifts above its gifting free areas under the income and assets tests.

If you or your partner receive a relevant payment, check the gifting rules before sending a large amount.

Bank protection in Australia

The Financial Claims Scheme protects eligible Australian-dollar deposits with an Australian-incorporated ADI, up to A$250,000 per account holder per ADI.

It does not automatically cover money held by a non-bank transfer company.

In case of issues, if a complaint is not resolved, the Australian Financial Complaints Authority is the free external dispute service for member financial firms.

How we analyse the market

We track 5 companies sending AUD to Cape Verde, all holding an Australian licence, with rates refreshed in real time when running a live search.

In the past 30 days alone, we analysed 329 comparisons across 11 amounts.

This page covers the cheapest and fastest options for AUD/CVE transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Fees, exchange rates and the pay-in and payout options all get compared, and each company goes through our review before it appears.

More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.