Sending money to Bulgaria is easy and there are a few great deals available to you. While your options would be less limited sending money to many other countries, you have some great options for sending money to Bulgaria. There are also some great deals offered by companies such as TransferWise that are better than they normally are.
The current exchange rate for the Bulgarian Lev (BGN) is 1.75 BGN per American Dollar (USD) as of the time this was written. The BGN reached a high of 1.76 BGN per USD and a low of 1.70 BGN per USD during the last 90 days. The average exchange rate for the last 90 days was 1.73 BGN per USD.
The average volatility rate of the BGN against the USD was 0.26% for the last 90 days. This is a normal volatility rate, and the BGN has been behaving this way for some time now. Going forward, you can reasonably expect only minor fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to Bulgaria is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Bulgarian destination in a matter of minutes. The fast option offered by Ria Money Transfer is somewhat pricey, but it is the fastest option. Most of the more expensive options are also much, much slower when it comes to waiting times. In the end, Ria Money Transfer’s fast option is the fastest option and is a well-rounded option, too.
The cheapest way to send money to Bulgaria is through TransferWise. While there is never just one cheap option, TransferWise is one of the very few services that won’t charge you ANY hidden currency conversion fees. Their upfront stated fee is also quite low, so TransferWise is the cheapest option whenever you aren’t sending a small amount of money (less than USD $100 in one transfer).
TransferWise is also the easiest way to send money to Bulgaria. Once your account is all set up, you just need to follow a simple process whenever you need to send money to Bulgaria:
1) Tap in the amount of money you need to send
2) Tap in the destination for the money
3) Pay TransferWise for the transaction
4) Wait one or two days for your money to reach its Bulgarian destination
The overall best way to send money to Bulgaria is through TransferWise. This shouldn’t be a huge surprise seeing as they offer the best rates and the most intuitive platforms for you to use. The 1-2 day typical waiting times may sound long, but this is somewhat fast when it comes to secure methods of sending money internationally. If you need to send USD $1000 to Bulgaria, you shouldn’t end up paying more than $10-$15, barring any serious unforeseen changes at TransferWise. When all of these factors are considered, TransferWise is offering you the best deal for sending money to Bulgaria.
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