If you need to send money from other countries to Guyana, your options are limited. There are still several decent options available to you.
The current exchange rate for the Guyanese Dollar (GYD) is 208.828694 GYD per American Dollar (USD) as of the time this was written. The GYD reached a high of 209.2384 GYD per USD and a low of 208.8287 GYD per USD during the last 90 days. The average exchange rate for the last 90 days was 208.9799 GYD per USD.
The GYD had an average volatility rate of 0.31% against the USD for the last 90 days. This is a moderate volatility rate which follows long-term behavior demonstrated by the GYD. You can reasonably expect moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Guyana is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Guyanese destination in a matter of minutes. The fast option also offers a well-rounded deal, as it costs less than most of the company’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 for both speed and cost.
The cheapest way to send money to Guyana is through Ria Money Transfer’s slow option. With Ria Money Transfer’s slow option, you pay very low upfront rates for their money transfer services. The company’s slow option also charges lower hidden currency conversion costs. In the end, Ria Money Transfer’s slower option is very cheap.
It should be noted that Ria Money Transfer’s slow option is indeed very slow. It should normally take 3-5 business days for your money to reach its Guyanese destination.
The easiest way to send money to Guyana is through Payoneer. Payoneer is great because you can switch between their different money transfer methods to suit your needs. With Payoneer, you have several options for sending money. We recommend you use Payoneer to send money to the recipient’s debit card, which offers greater convenience and security when compared to other methods. With this method, the recipient can withdraw the money right away upon the transfer’s completion. Payoneer also offers other options, including direct deposits into a bank account once you set your account up.
The overall best way to send money to Guyana is through Ria Money Transfer. For the sake of getting a better (faster) deal, we recommend using their fast option unless you don’t mind waiting. Ria Money Transfer’s fast option gives you a great balance between cost and speed. If you are in less of a rush and would prefer cheaper rates, their slow option is also alright. With Ria Money Transfer, you have a service that is fairly accessible and generally well-rounded.
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