How to send money to Zambia from Spain with the best EUR-ZMW rate

The exchange rate determines how much Zambian Kwacha you will get for every Euro you want to send. A better exchange rate is the best way to save money on transfers from Spain to Zambia.

Fees and exchange rates make up the total cost of sending money from Zambia to Zambia. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current EUR-ZMW mid-market rate is 20.4483 ZMW per Euro. You will get more Zambian Kwacha for your Euros if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Wise charges 96.31 EUR per transfer, which is currently the best deal on transfers to Zambia. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Zambian Kwacha eventually received in Zambia. You can assume that a lower cost of sending from Spain will result in more money received in Zambia.

The current rate between the Euro and Zambian Kwacha is 20.4483.

With currencies, the exchange fluctuates constantly, and the EUR-ZMW exchange rate is no different. Tracking the rate and understanding the averages can help get a better deal.

Even waiting a day or two can help you get more ZMW for the same amount of Euro.

Beyond this, a forward contract allows you to lock in an agreed exchange rate between Spain and Zambia.

The most cost effective way to send money from Spain to Zambia is via a bank transfer. Wise is the company offering the best price for a bank transfer.

Here are all the ways to send money from Spain to Zambia:

Bank transfers

Bank transfers are often the fastest option, and normally the cheapest, for sending money from Spain to Zambia.

By opting for a money transfer company such as Wise for transfers from Spain to Zambia, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Using a debit card, or prepaid option, for sending money from Spain to Zambia is easy with Wise.


Wise is a market leader in debit card payments for transfers from Spain to Zambia, this is among a total of 4 money transfer companies compared.

Credit cards

When it comes to the credit card deposits, when sending money from Spain to Zambia, we recommend comparing your options to get the best deal.

Regulations are important for keeping your money safe, Spain and Zambia have different regulations to consider.

Our directory of worldwide financial regulators contains details on regulation for money transfers between Spain and Zambia.

Some companies offering money transfers between Spain and Zambia will come with minimum or maximum thresholds on how much you can send or receive and this could cause rates or fees to change.

Comparing EUR-ZMW rates for your specific transfer amount will factor in these rates and fees changes, so you’ll get the best provider for your specific needs. For regular transfers from Spain to Zambia, it’s best to check any changes in fees and rates every time you send.

For large transfers of money transfers from Spain to Zambia we’d recommend Wise. They offer a competitive combination of rates and fees when sending from Spain to Zambia, even at larger amounts.

Also, be sure to check with the recipient and understand any declarations needed on large amounts of money entering Zambia from Spain.

Receiving Zambian Kwacha in Zambia has a few different options. The most popular ways to receive are through a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering money transfers from Spain to Zambia will cater for every method for incoming Zambian Kwacha, so it’s best to check ahead of time.

One of the more popular ways is sending money from Spain directly to a bank account in Zambia. This is because it means the recipient in Zambia has to do very little. Wise is the best company for bank transfers between Spain and Zambia.

Whilst cash pickup is popular, it is not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp operate in Zambia and are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When using a money transfer provider to send Euros to Zambia, you will need to verify your ID at the sign up stage.

Documents needed will vary and in some cases you might need a couple of options.

Generally speaking, those in Spain can verify through a government issued ID such as a driver’s license or passport. If the recipient needs an ID to collect money or open a multi-currency account in Zambia, both can also be used there as well.

Large transactions between Spain and Zambia will be subject to additional security measures such as proving where the funds originated, these will be for anti-money laundering purposes.

Wise has scored highly for transfers to Zambia because of the easy sign up process in Spain.

There will be tax declarations to consider when sending larger amounts of money between Spain and Zambia.

Transfers into Zambian Kwacha may need to be reported to tax authorities in Zambia as well, where regular income, large amounts (such as property or inheritance) and business payments will all be subject to tax checks.

Based on the recipient, tax limits in Zambia, as well as personal allowances will change. When in doubt, we’d recommend contacting a tax professional in Spain or Zambia to discuss your personal circumstances. This ensure you are not missing any specific tax declarations associated with your circumstances.