If you need to send money to Azerbaijan, your options are somewhat limited. That being said, there are a handful of great options that make sending money to Azerbaijan easy and simple.
The current exchange rate for the Azerbaijan Manat (AZN) is 1.70397 AZN per American Dollar (USD) as of the time this was written. The AZN reached a high of 1.7075 AZN per USD and a low of 1.6936 AZN per USD during the last 90 days. The average exchange rate over the last 90 days was 1.7026 AZN per USD.
The average volatility rate of the AZN against the USD was 0.1% for the last 90 days. This is a very high volatility rate, and the AZN has been fluctuating sporadically for some time now. You can reasonably expect this unpredictability to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Azerbaijan is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Azerbaijani 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 Azerbaijan is through TransferWise. TransferWise is very cheap, and it is one of the very few services that aren’t at all sneaky with their fees.
TransferWise charges a very small upfront fee and no hidden currency conversion costs. When you compare TransferWise to the competition, it is clear that TransferWise will save you some money.
The easiest way to send money to Azerbaijan is through TransferWise. TransferWise is a peer-to-peer money transfer system that makes sending money to Azerbaijan very easy. Once you set up your account, you just need to follow their simple process whenever you need to send money:
1) Tap in the amount of money to be sent
2) Tap in the destination for the money
3) Pay TransferWise for the transaction
4) Wait a day or two for your money to reach its Azerbaijani destination
TransferWise offers you the overall best way to send money to Azerbaijan. TransferWise is the best option because they offer the best-rounded deal, which is good for many different situations. Their waiting times are moderate, but the rates they charge and the platforms they offer are the areas where TransferWise shines. When ease of use, cost, and speed are all considered, TransferWise offers the best way to send money to Azerbaijan.
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