Sending money to Bolivia is relatively easy. While you won’t have access to the best selection of services compared some other countries, there are no serious challenges to getting a good deal sending money to Bolivia.
The current exchange rate for the Bolivian Boliviano (BOB) is 6.89 BOB per American Dollar (USD) as of the time this was written. The BOB reached a high of 6.95 BOB per USD and a low of 6.88 BOB per USD during the last 90 days. The average exchange rate was 6.91 BOB per USD for the last 90 days.
The BOB had an average volatility rate of 0.17% for the last 90 days. This is a low volatility rate, which follows the long-term behavior of the BOB. You can reasonably expect only minor fluctuations in the currency exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Bolivia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Bolivian 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 Bolivia is through Ria Money Transfer’s slow option. The prices they offer are the cheapest among the cheapest on the market for most countries. In the case of Ria Money Transfer’s slow option, your upfront fees will be quite low, but the hidden currency conversion fees will be higher. Regardless, the total cost ends up being quite cheap, beating the competition. Just keep in mind that with Ria Money Transfer’s slow option, it will take 3-5 days for your money to reach its Bolivian destination.
The easiest way to send money to Bolivia is through Payoneer. Payoneer is a great option for either sending or receiving money, and they are one of few services (alongside WorldRemit) which is available almost everywhere in the world.
The recipient to a Payoneer transfer can receive money in their bank account, or directly on their debit or credit card. If you opt to use the card options, the recipient can withdraw the money from an ATM immediately after receiving it. Payoneer also offers nice little perks that can save you money if you use certain money transfer methods through their platform.
The overall best way to send money to Bolivia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, you get an excellent cost-speed ratio. While their fast option is far from the cheapest, it’s the safest guarantee of regular, very fast transfers to Bolivia. Ria Money Transfer’s fast option is also cheap in comparison to most of the slower options available to you, topping off their great offer.
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