If you need to send money to Angola, you will find that your options are fairly limited. That being said, there are several decent options available to you sending from other countries.
The current exchange rate for the Angolan Kwanza (AOA) is 580.44024 AOA per American Dollar (USD) as of the time this was written. The AOA reached a high of 589.6670 AOA per USD and a low of 579.4250 AOA per USD during the last 90 days. The average exchange rate for the last 90 days was 582.2824 AOA per USD.
The average volatility rate for the AOA against the USD was 0.19% for the last 90 days. This is a low volatility rate. You can reasonably expect only minor fluctuations in the exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Angola is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Angolan 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.
MoneyGram offers you the cheapest method to send money to Angola. With MoneyGram, you can expect a fairly low upfront fee. Beyond this fee, MoneyGram makes most of its money through their hidden currency conversion markups, which are moderate in comparison to most money transfer services. If you are using their slower option, MoneyGram is the cheapest option.
The easiest way to send money to Angola is through WorldRemit. Sending money through WorldRemit is fairly straightforward and requires only a few steps. Once you have the WorldRemit app downloaded and have a balance on the app, you don’t have too many tasks left. WorldRemit offers mobile top-ups, cash pickups, bank transfers, and more.
The overall best way to send money to Angola is through Western Union. Western Union has many agents inside Angola, making their services more easily accessible. With Western Union, you can get your money to Angola faster and in a safer manner than you would be able to with their competition. Western Union is also one of the most common money transfer services in the world, making it even easier to send money through them.
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