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Send money from Spain to Ethiopia
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
PayPalRecipient gets (ETB)ETB 1,048,148.77Not recommended
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best way to send: Wise
We tested & reviewed 3 money transfer companies offering services between Spain and Ethiopia, and Wise scored highly.
For example, sending 7,000 EUR to ETB will cost you €64.99 in fees, and you will receive 1,095,155.97 ETB. The delivery time is within a week, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your Spain to Ethiopia transfer using Wise.
How to compare companies offering money transfers from Spain to Ethiopia
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from Spain to Ethiopia. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Ethiopia.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from Spain to your chosen country & currency.
Summary of recent searches
Considerations ahead of sending money from Spain to Ethiopia
A comparison of providers offering services between Spain and Ethiopia, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 3 providers that provide services for sending Euro to Ethiopia. This ensures you will get the best options for your transfer to Ethiopia from Spain.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Spain to Ethiopia.
Cheapest way to send money to Ethiopia from Spain: Xoom
The cost is a combination of a fee of 0 EUR and an exchange rate for converting Euro to Ethiopian Birr that is 2.3% different to the mid-market rate.
We found that Xoom is 1.59% cheaper than the second-best option.
We would recommend Xoom for low cost, affordable transfers from Ethiopian Birrs to Ethiopia.
Fastest money transfers to Ethiopia from Spain: Xoom.
For example, the transfer time for sending €7,000 to Ethiopia with Xoom is minutes - 24 hours.
But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.
Money transfers from Spain to Ethiopia through Xoom have a fee of 0 EUR.
To confirm that Xoom was the 'fastest' option we compared 3 money transfer providers for the overall speed of sending money from Spain to Ethiopia. This was made up of depositing Euro to a money transfer account and transfer times to Ethiopia.
When sending quickly is a priority, Xoom is our recommended choice for sending into Ethiopia from Spain.
Need to make a large transfer?
Wise is the best option for large transfers of the 3 providers compared.
While Wise may not always be the cheapest or fastest way to send EUR from Spain to Ethiopia, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of transferring money to Ethiopia from Spain
Fees and exchange rates make up the total cost of sending money from Ethiopia to Ethiopia. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current EUR-ETB mid-market rate is 162.1925 ETB per Euro. You will get more Ethiopian Birr for your Euros if you find a provider close to this number.
For context, over the last 7 days the EUR-ETB mid-market rate has had a high of 163.4691, a low of 162.6429 and averaged 163.0946 ETB per Euro.
Across the 3 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting EUR to ETB will be the biggest determining factor when working out the cost of transferring Euros to Ethiopia.
Fees: Transfer fees are charged as part of the transfer. Xoom charges 0 EUR per transfer, which is currently the best deal on transfers to Ethiopia. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Ethiopian Birr eventually received in Ethiopia. You can assume that a lower cost of sending from Spain will result in more money received in Ethiopia.
Getting best exchange rate for transferring Euro to Ethiopian Birr
When transferring money between EUR and ETB, timing can make a huge difference. The exchange rate you secure impacts how much ETB you get for your EUR.
Let's dive into some interesting recent trends.
In the last week, the mid-market rate from EUR to ETB has fluctuated slightly. On average, it was 163.0946.
Across this 7 days, the highest value recorded was 163.4691, while the lowest was 162.6429.
Wise, which is our recommended service to send money online from Spain to Ethiopia offers an exchange rate that is only 3.32% above the mid-market rate.
Want to secure the best EUR-Ethiopian Birr exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Spain to Ethiopia!
Funding your Spain to Ethiopia money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from Spain to Ethiopia.
By using a money transfer company such as Xoom for transfers from Spain to Ethiopia, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Xoom is the cheapest way to send money via a bank transfer. This is of the 3 companies we tested when sending EUR to Ethiopia.
With a fee of 0 EUR to send money from Spain to Ethiopia, Xoom offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Spain to Ethiopia with a debit or a prepaid card is easy with Wise.
Wise is a leading money transfer company for debit card payments, and offers transfers from Spain to Ethiopia.
Credit cards
We recommend avoiding credit card transfers due to high fees, and instead, you should consider a bank transfer or a debit card deposit.
However, if you do need to use a credit card to fund your transfer, use our comparison tool to get the latest deal.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Ethiopia and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Spain to Ethiopia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to ETB.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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