Sending money to Armenia doesn’t present any unique or particularly daunting challenges. Most of the mainstream and high-quality money transfer options will be available to you. Some other Asian countries have limited methods. But for Armenia, sending money can be cheap, easy, fast, or a good combination of the three.
The current exchange rate for the Armenian Dram (AMD) is 498.51118 AMD per American Dollar (USD) as of the time this was written. The AMD reached a high of 504.4701 AMD per USD and a low of 490.9483 AMD per USD during the last 90 days. The average exchange rate for the AMD was 498.0976 AMD per USD for the last 90 days.
The average volatility rate for the AMD was 0.15% against the USD for the last 90 days. This is a low volatility rate. You can reasonably expect only mild fluctuations in currency conversion rates going forward, barring any unforeseen circumstances.
The fastest way to send cash online to Armenia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Armenian destination in a matter of minutes. The fast option is also quite affordable, as it costs less than most of their slower competition.
The cheapest way to send money to Armenia is through Ria Money Transfer’s slow option. Ria Money Transfer offers great prices, as their upfront, stated fees are quite low, and their hidden currency conversion fees are almost as agreeable. When you consider both of these factors, Ria Money Transfer simply comes out being cheaper.
The easiest way to send money to Armenia is through TransferWise. With TransferWise, you are using a very simple peer-to-peer money transfer service. To send money to Armenia, once your account is set up and connected to the recipient, all you need to do is repeat the same simple process:
1) Tap in the amount of money
2) Tap in the destination
3) Pay TransferWise for the transaction
4) Wait one or two days for your money to reach the destination
The overall best way to send money to Armenia is through TransferWise. TransferWise makes sending money to Armenia easy, affordable, and reasonably fast. TransferWise takes a day or two to complete money transfers, but the service offers among the cheapest rates. They also don’t include a hidden currency conversion markup at all. This makes their offer the most well-rounded of all the available methods for sending money to Armenia. We’ve compare TransferWise vs XE to help you identify the best provider for your needs.
Sending money anywhere else in the world is as easy as sending money to Armenia. If you’re looking to send money to another country, here is the list of the most popular destinations.
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