Sending money to Belarus doesn’t come with any significant difficulties. You have fewer options available to you than you would if you were sending money elsewhere t0 other countries. Regardless, there are plenty of great options available.
It may be worth noting that Belarus is currently under economic sanctions from several countries. While this isn’t normally of much concern for individual money transfers, it is your responsibility to make sure that you are following any and all regulations when sending money to Belarus.
The current exchange rate for the Belarusian Ruble (BYN) is 2.494854 BNY per American Dollar (USD) as of the time this was written. The BNY reached a high of 2.5217 BNY per USD and a low of 2.4949 BNY per USD during the last 90 days. The average exchange rate over the last 90 days was 2.5091 BNY per USD.
The BNY had an average volatility rate of 0.29% against the USD. This is a normal volatility rate which follows the trends set in the last 6 months. Going forward, you can reasonably expect only normal fluctuations in exchange rates to continue, barring any unforeseen circumstances.
The fastest way to send money to Belarus is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Belarusian destination in a matter of minutes. The deal offered by Ria Money Transfer is even better when you consider that most of their slower competition is actually more expensive. For this reason, Ria Money Transfer’s fast option is also a well-rounded deal.
The cheapest way to send money to Belarus is through TransferWise. TransferWise is a peer-to-peer money transfer service that offers some of the lowest rates on the market wherever it’s available. In the case of Belarus, it is the cheapest option.
TransferWise doesn’t charge ANY hidden currency conversion mark-ups, making it easily competitive. The company also charges a rather low upfront fee for each transaction. When you consider both factors, TransferWise is indeed very cheap.
The easiest way to send money to Belarus is through TransferWise. TransferWise is a peer-to-peer money transfer system that makes sending money to Belarus 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 Belarusian destination
TransferWise offers the overall best way to send money to Belarus. TransferWise is best 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 all factors are considered, TransferWise offers the best way to send money to Belarus. We’ve compare TransferWise vs XE to help you identify the best provider for your needs.
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