Sending money to Bangladesh is simple and there are many great options available to you. Some of the deals you’d get from certain companies for sending funds to Bangladesh will be different for the same company’s offers for sending money online to other countries. Regardless, these differences are quite minor. In fact, these differences may often affect your money transfer rates positively.
The current exchange rate for the Bangladeshi Taka (BDT) is 84.4570 BDT per American Dollar (USD) as of the time this was written. The BDT reached a high of 84.8440 BDT per USD, and a low of 84.0165 BDT per USD during the last 90 days. The average exchange rate over the last 90 days was 84.4877 BDT per USD.
The average volatility of the BDT against the USD was 0.24% over the last 90 days. This is a not a particularly volatile currency, although the BDT has been somewhat less stable in the recent past. You can reasonably expect minor but sporadic fluctuations to continue going forward, barring any unforeseen circumstances.
The fastest way to transfer funds to Bangladesh is through Transfast’s fast option. Keep in mind that you must choose their fast option, otherwise, your money will take 3-5 days to arrive.
With Transfast’s fast option, you can expect your money to reach its Bangladeshi destination in a matter of minutes. Their rates are on the lower end of the spectrum as well.
The cheapest way to send cash online to Bangladesh is through Klinnk. Klinnk has a very small upfront stated fee, but they are one of the very few options which do not add hidden currency conversion costs.
When you compare the cost of Klinnk with other very cheap competition, such as Lucky Money and Transfast, you end up paying less.
The easiest way to send funds to Bangladesh is through TransferWise. TransferWise makes it very easy to transfer funds to Bangladesh with a three-step process. First, you tap in the amount of money you need to send, then you tap a destination. Once you make those selections, all you need to do is pay TransferWise, and your money should arrive at its Bangladeshi destination in a day or two.
The overall best way to transfer money online to Bangladesh is through Transfast, with the fast option. While the company’s fast service charges a moderately ranged upfront fee, all of the cheaper options are significantly cheaper. The end result is a much more well-rounded offer, making Tranfast’s fast option the overall best way to send money online to Bangladesh.