Sending money to Brunei isn’t too hard. Sending money is as simple as transfering money anywhere else, thanks to some of the great options available to you. You have access to some of the best services which will offer you the best deals.
The current exchange rate for the Bruneian Dollar (BND) is 1.414929 BND per American Dollar (USD) as of the time this was written. The BND reached a high of 1.4450 BND per USD and a low of 1.4149 BND per USD during the last 90 days. The average exchange rate for the last 90 days was 1.4300 BND per USD.
The BND had an average volatility rate of 0.33% for the last 90 days. This is a moderate volatility rate which has grown much more stable during the last month. You can reasonably expect only minor-moderate fluctuations in exchange rates going forward, barring any unforeseen circumstances.
The fastest way to send money to Brunei is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Bruneian destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers 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 Brunei is through OFX. With OFX, you only pay a small percentage of each transaction. There are no upfront fees and the service is undoubtedly the cheapest on the market. Furthermore, it typically only takes a day or two for your money to reach its destination.
The main drawback to OFX is that it carries a minimum transfer size requirement which is much higher than any of the competition. Despite this, their rates cannot be beaten, particularly when you send more money at once. The more money you send through OFX in a single transfer, the cheaper the transfer becomes.
If you don’t like the minimum transfer size requirement, TransferWise offers a similarly cheap deal.
The easiest way to send money to Brunei is through Payoneer. With Payoneer, you can choose between one of several money transfer methods to suit your needs. We recommend you use Payoneer to send money to the recipient’s debit card, which offers greater convenience and security when compared to other methods. With this method, the recipient can withdraw the money right away upon the transfer’s completion. You can also opt to send your Payoneer balance to the recipient’s bank account if that suits you better. Keep in mind that Payoneer is a diverse and adaptable method for holding money and sending it abroad. Feel free to find out more about the services they offer and how they may suit your needs.
OFX offers you the overall best way to send money to friends and family in Brunei. There are several reasons for this, but their cheap rates have to be mentioned. Their wait times are short and their platforms are easy to use as well, making OFX good at everything it needs to be good at. When it comes to the rates you’re paying, if you send a large amount of money at once, you can be sure you’re getting the best rates by a large margin.
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