Sending money to the Czech Republic is easy, just like sending money anywhere else. This is primarily due to the great selection of options available to you.
The current exchange rate for the Czech Koruna (CZK) is 23.43205 CZK per American Dollar (USD) as of the time this was written. The CZK reached a high of 23.5660 CZK per USD and a low of 23.4150 CZK per USD during the last 90 days. The average exchange rate for the last 90 days was 23.4650 CZK per USD.
The CZK is currently rather stable against the USD, but the exchange rate has fluctuated sporadically throughout much of the last year. You can reasonably expect minor-moderate fluctuations in the exchange rates going forward, barring any unforeseen circumstances.
The fastest way to send money to the Czech Republic is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Czech destination in a matter of minutes. The fast option is also very affordable and costs less than most of Ria Money Transfer’s 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 the Czech Republic is through OFX. This is because OFX only charges you a small percentage of each transaction. There are no upfront fees and the service is undoubtedly the cheapest on the market. Furthermore, it typically only takes a day or two for your money to reach its Czech destination.
The main drawback to OFX is that it carries a minimum transfer size requirement which is significantly higher than any of the competition. Despite this, their rates cannot be beaten, particularly when you send more money at once. The more money you send through OFX in a single transfer, the cheaper the transfer becomes.
It really important to understand how money transfer fees are calculated to avoid overpaying. If you don’t like the minimum transfer size requirement, TransferWise offers a similarly cheap deal.
The easiest way to send money to the Czech Republic is through TransferWise. TransferWise makes sending money to the Czech Republic exceptionally easy. After you set up your account, all you need to do is follow these simple steps:
1) Tap in the amount of money to be sent
2) Tap in the destination
3) Pay TransferWise for the transaction
4) Wait one or two days for the funds to arrive at their Czech destination
OFX also offers you the overall best way to send money to the Czech Republic. OFX offers you the best-rounded option for sending money to the Czech Republic, especially where cost is concerned. Their wait times are short and their platforms are easy to use, making OFX good enough at everything you need in a money transfer service. When it comes to the rates you’re paying, if you send a large amount of money at once, you can be sure you’re getting the best rates by a large margin.
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