Sending money to Germany can be made a breeze with many of the great options that are available to you. If you are looking for speed, ease of use, a good deal, or a reasonable mix of the three, then there are plenty of good methods available from around the globe.
The current exchange rate for the Euro (EUR) is 0.8896 EUR per American Dollar (USD) as of the time this was written. The average exchange rate for the EUR was 0.8907 EUR per USD over the last 90 days. The EUR reached a high of 0.9032 EUR per USD, and a low of 0.8772 EUR per USD during the last 90 days.
The average volatility rate of the EUR against the USD was 0.27% over the last 90 days. This is a moderate volatility rate, and the EUR exchange rate has been fluctuating moderately over the course of the last year. Going forward, you can reasonably expect minor fluctuations to continue, barring any unforeseen circumstances.
The fastest way is through the faster option provided by Ria Money Transfer. With Ria Money Transfer’s fast option, you can expect your money to reach its German destination in a matter of minutes. Make sure you are using the faster option because the slow one takes 3-5 days in most cases. The faster option is a bit pricier, but it is still cheaper than much of the slower competition.
The cheapest way to transfer cash online is through OFX. OFX doesn’t have any upfront, stated fees, and their hidden currency conversion costs are very low. OFX comes with a focus on larger transfers, and they have a sliding scale from 0.4% for smaller transactions to 1% for larger transactions. The only real problem is that they have a minimum transfer amount.
If you prefer sending smaller amounts of money, TransferWise is the second cheapest way when it comes to sending funds to Germany.
The easiest way is through TransferWise. As a peer-to-peer money transfer system, TransferWise makes it safe and very easy to transfer money. All you need to do after setting TransferWise up is tap the amount of money you need to send and the destination. After this, you need to pay TransferWise for the transaction and your money is on the way to Germany. Furthermore, TransferWise is available in a great many countries.
The overall best way to transfer your funds to Germany is through TransferWise. TransferWise is the most well-rounded option for sending funds to Germany because it comes with a great mix of ease of use and affordable rates. It’s also not the slowest option available, as it only takes a day or two for your money to reach its destination in Germany.