The current exchange rate for the Euro (EUR) is 0.88938 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 0.8914 EUR per USD and a low of 0.8888 EUR per USD during the last 90 days. The average exchange rate for the last 90 days was 0.8901 EUR per USD.
The EUR had an average volatility rate of 0.25% against the USD for the last 90 days. This is a normal volatility rate, and the EUR has been fluctuating similarly for a long time now. You can reasonably expect only normal fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Andorra is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Andorran destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers can take longer. The main downside to Western Union’s fast option is the fact that it is more expensive than most of the competition. You can always expect to pay more with Western Union.
The cheapest way to send money to Andorra is through OFX. With OFX, you only pay a small percentage of each transaction. OFX carries a minimum transfer size requirement which is significantly higher than any of the competitions. Despite this, their rates cannot be beaten, particularly when you send more money at once. The more money you send through OFX in a single transfer, the cheaper the transfer becomes. The result is the best rates on the market. Furthermore, it typically only takes a day or two for your money to reach its Andorran destination.
The easiest way to send money to Andorra is through TransferWise. TransferWise makes sending money to Andorra exceptionally easy. After you set up your account, all you need to do is follow these simple steps:
1) Tap in the amount of money to be sent.
2) Tap in the destination.
3) Pay TransferWise for the transaction.
4) Wait one or two days for the funds to arrive at the Andorran destination.
The overall best way to send money to Andorra is through TransferWise. TransferWise is easier to handle than any of the other options available to you and offers highly competitive rates. When it comes to money transfer sizes, TransferWise is good for transfers large or small but will lose out to OFX when it comes to the cost of larger transfers.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com