If you need to send money to Guinea, your options are limited but not too bad. You should be able to find at least one agreeable service which is available to you.
The current exchange rate for the Guinean Franc (GNF) was 8695.495124 GNF per American Dollar (USD) as of the time this was written. The GNF reached a high of 8,805.0005 GNF per USD and a low of 8,540.9615 GNF per USD during the last 90 days. The average exchange rate for the last 90 days was 8,697.2393 GNF per USD.
The GNF had an average volatility rate of 0.45% against the USD for the last 90 days. This is a moderate volatility rate and the GNF has stabilized further during the last month. You can reasonably expect only moderate fluctuations in the exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Guinea is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Guinean destination in a matter of minutes. The fast option is also quite affordable and 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 both speed and cost.
The cheapest way to send money to Guinea is through Ria Money Transfer’s slow option. Ria Money Transfer charges very low upfront rates for their money transfer services. The company’s slow option also charges relatively low hidden currency conversion costs. When both of these factors are considered, Ria Money Transfer’s slower option is the cheapest.
The easiest way to send money to Guinea is through WorldRemit. WorldRemit is a well-rounded service that simply provides you with more options. The simplest options only require you to send money to a location where the recipient can access it quickly, safely, and conveniently. You can send money to a bank account in Guinea, you can top-up a mobile money account, and you can even top-up a debit card for immediate withdrawal from an ATM. If you want to know more about the bank transfers, check out our guide on transferring money internationally between banks.
WorldRemit is a well-balanced option when cost and speed are factored in as well. Transfer times are usually on the same day.
The overall best way to send money to Guinea is through Ria Money Transfer. We would recommend that you use their faster option to get a better deal, as you’d pay more, but your transfer would be completed much faster. Ria Money Transfer’s fast option gives you the best balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option offers highly competitive rates. With Ria Money Transfer, you have a service that is more accessible and generally well-rounded than the competition. You can also switch between their fast and slow options as you please.
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