The Democratic Republic of Congo is an easy country to send money to from other countries. There are plenty of great options, but there are a few in particular which stand out. Regardless, you should be able to find at least one money transfer service/option which lines up well with your requirements.
The current exchange rate for the Congolese Franc (CDF) is 1989.999991 CDF per American Dollar (USD) as of the time this was written. The CDF reached a high of 1,990.0000 CDF per USD and a low of 1,985.0002 CDF per USD during the last 90 days. The average exchange rate for the last 90 days was 1,987.3125 CDF per USD.
The average volatility rate for the CDF against the USD was 0.6% for the last 90 days. This is a fairly high volatility rate, although the rate of fluctuations has slowed down significantly in the last 30 days. You can reasonably expect low-moderate fluctuations in the exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to the DRC is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Congolese destination in a matter of minutes. The deal offered by Ria Money Transfer is even better when you consider that most of their slower competition is actually more expensive. For this reason, Ria Money Transfer’s fast option is also a very well-rounded deal.
The cheapest way to send money to the DRC is through TransferWise. TransferWise is very cheap, and it is one of the very few services that aren’t at all sneaky with their fees.
TransferWise charges a very small upfront fee and no hidden currency conversion costs. When you compare TransferWise to the competition, it is clear that TransferWise will save you some money. TransferWise is also very easy to use and fairly fast when you compare it to similarly-priced services.
The easiest way to send money to the DRC is through TransferWise. TransferWise is a peer-to-peer money transfer system that makes sending money to the DRC very easy. Once you set up your account, you just need to follow their simple process whenever you need to send money:
1) Tap in the amount of money to be sent
2) Tap in the destination for the money
3) Pay TransferWise for the transaction
4) Wait a day or two for your money to reach its Congolese destination
At this point, it should be no surprise that TransferWise offers you the overall best way to send money to the DRC. TransferWise is the best option because they offer the best-rounded deal, which is good for many different situations. Their waiting times are moderate at one or two days, but the rates they charge and the platforms they offer are the areas where TransferWise shines. When ease of use, cost, and speed are all considered, TransferWise is the best option for the Democratic Republic of Congo.
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