Sending money to Burundi is made slightly difficult by the lack of options available to you compared to other countries. That being said, there are some decent deals available to you.
The current exchange rate for the Burundian Franc (BIF) is 2011 BIF per American Dollar (USD) as of the time this was written. The BIF reached a high of 2,011.0000 BIF per USD and a low of 1,995.0855 BIF per USD during the last 90 days. The average exchange rate for the last 90 days was 2,007.3232 BIF per USD.
The BIF had an average volatility rate of 0.47% against the USD for the last 90 days. This is a moderate volatility rate which has stabilized significantly during the last month. The BIF has fluctuated fairly unpredictably for most of the last year.
The fastest way to send money to Burundi is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Burundian destination in a matter of minutes. The fast option is also quite affordable and costs less than most of their slower competition. The main drawback to Ria Money Transfer is that some users complain of hassles and a platform which isn’t the easiest to use. When it comes to their fast option, you can be sure you’re getting a good deal when it comes to both speed and cost.
The cheapest way to send money to Burundi is through MoneyGram. MoneyGram charges a typical upfront fee, but if you’re using their slower option their hidden currency conversion markup isn’t so bad either. With this slow option offered by MoneyGram, your money should make it to its Burundian destination within 3-5 business days and at minimal cost to you.
The easiest way to send money to Burundi is through WorldRemit. For greater ease, you can use their mobile top-up option, or just send money to a bank. In either case, WorldRemit is a well-rounded option that leaves you with more options.
WorldRemit is a well-balanced option when cost and speed are factored in as well.
The overall best way to send money to Burundi is through Ria Money Transfer. If you want to get the best balance between speed and cost, we recommend using their fast option. Ria Money Transfer’s fast option gives you very fast service at a relatively low cost. If you are not in a rush and would prefer cheaper rates, their slow option is an alternative which you can use with the same account. With Ria Money Transfer, you have a service that is very accessible and generally well-rounded.
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