Sending money to Chile is easy and there are many great options available to you. No matter what you’re looking for in a method of sending cash to Chile, you will find a service that generally agrees with your requirements.
The current exchange rate for the Chilean Peso (CLP) is 700.202826 CLP per American Dollar (USD) as of the time this was written. The CLP reached a high of 710.7039 CLP per USD and a low of 700.2028 CLP per USD during the last 90 days. The 90-day average exchange rate for the CLP was 705.7286 CLP per USD.
The average volatility rate for the CLP was 0.47% against the USD for the last 90 days. This is a relatively high volatility rate, and the CLP has been volatile for a while now. Going forward, you can reasonably expect moderate-high fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to Chile is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Chilean destination in a matter of minutes. The fast option is also quite affordable and it 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 speed and cost.
The cheapest way to send money to Chile is through Transfast. With Transfast, you have to pay a very low stated, upfront fee and an even lower hidden currency conversion rate. The almost non-existent hidden fees make most of the competition more expensive in terms of these hidden fees. Once you factor in all associated costs, it is clear that Transfast offers better rates for Chile.
The easiest way to send money to Chile is through TransferWise. With TransferWise, you are using a very simple peer-to-peer money transfer service. To send money to Chile, once your account is set up and connected to the recipient, all you need to do is repeat the same simple process:
TransferWise is the overall best way to send money to Chile. The peer-to-peer money transfer service offers a great balance between ease of use, cost, and speed. While TransferWise takes a day or two to complete transfers, they offer very low rates and an intuitive platform for you to use. As an added bonus, there are no surprises with TransferWise because they only charge stated fees, and don’t markup currency conversion rates.
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