Sending money to Cape-Verde from other countries is somewhat difficult, but not unreasonably so. There are several half-decent options available to you.
The current exchange rate for the Cape Verdean Escudo (CVE) is 92.643315 CVE per American Dollar (USD) as of the time this was written. The CVE reached a high of 94.2502 CVE per USD and a low of 92.6433 CVE per USD during the last 90 days. The average exchange rate for the last 90 days was 93.6541 CVE per USD.
The CVE had an average volatility rate of 0.25% against the USD for the last 90 days. This is a normal/moderate volatility rate that has improved marginally during the last month. You can reasonably expect moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Cape-Verde is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Cape-Verdean destination in a matter of hours, if not minutes. Cash pickups are the fastest and easiest method to organize, and there are several pickup locations throughout Santa Maria Ilha Sal.
The main downside to Western Union’s fast option is the fact that it is very expensive. If you’re not in a rush, the slow option offered by Western Union is far more affordable, as are many other options.
The cheapest way to send money to Cape-Verde is through MoneyGram’s slow option. MoneyGram charges somewhat low upfront rates for their money transfer services. Their slow option also charges somewhat low hidden currency conversion costs. When both of these factors are considered, MoneyGram’s slower option is the cheapest.
The easiest way to send money to Cape-Verde 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. This offers you 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.
What’s The Overall Best Way To Send Money To Cape-Verde?
Western Union offers you the overall best way to send money to Cape-Verde. While Western Union has several drawbacks, it is one of the most straight-forward, popular, and simple services out there. When you need to send money to Cape-Verde, Western Union is a simple and reliable company to go through. You can’t expect the best rates, but you can expect simplicity, safety, and depending on the transfer method, speed as well.
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