Chad is far from the easiest country to send money to from other countries. Your options are limited and not of the greatest quality. Regardless, sending money anywhere is fairly easy in 2019.
The current exchange rate for the Central African Franc (XOF) is 560.40752 XOF per American Dollar (USD) as of the time this was written. The XOF reached a high of 562.0005 XOF per USD and a low of 553.5027 XOF per USD during the last 90 days. The average exchange rate for the last 90 days was 559.9890 XOF per USD.
The average volatility rate for the XOF against the USD was 0.25% for the last 90 days. This is a normal/typical volatility rate. The XOF has behaved similarly for some time now. You can reasonably expect low-moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Chad is through MoneyGram’s fast option. With MoneyGram’s fast option, your money should reach its destination in a matter of minutes.
The only downside to MoneyGram’s fast option is that it’s quite expensive. If a low cost is an important part of the method you’re looking for, this one won’t cut it.
The cheapest way to send money to Chad is through MoneyGram’s slow option. The slow option has a much lower upfront cost for sending money, but the currency conversion markup is the same. In the end, MoneyGram carries lower costs on both of these rates when compared to the competition.
The easiest way to send money to Chad 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. The simplest options only require you to send money to a location where the recipient can access it quickly, safely, and conveniently.
WorldRemit is a well-balanced option when cost and speed are factored in as well. Transfer times are usually on the same day.
WorldRemit offers you the overall best way to send money to Chad. With WorldRemit, you get a simple and well-rounded service for when you need to send money. You can expect decent service whenever you send money to Chad through WorldRemit. The selection of transfer methods they offer you makes them the go-to option in a country which lacks many of the more commonly available services.
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