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Companies for transfers from Spain to Iraq
"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."
Overall best option: Wise
Wise is our recommended company for sending money to Iraq from EUR.
Of the 2 companies that support EUR to IQD, Wise offered the best combination of cost and speed.
Overall, Wise appeared in 100% of Spain to Iraq searches, consistently scoring as one of the best ways to send EUR to IQD.
So for a great mix of cost, speed & features, send Euros to Iraq using Wise.
How to get the best deal on your Spain to Iraq money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Spain to Iraq.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Spain and Iraq.
- Click, sign up & send
Follow the steps & make your transfer to Iraq. Your funds will be sent from Spain and converted into Iraqi Dinar.
Summary of recent searches
Considerations for money transfers from Spain to Iraq
Comparing providers offering services between Spain and Iraq, based on your specific needs is the best way to send money with confidence.
Our comparison includes 2 companies that provide the ability to send Euro to Iraq.
This ensures you get the best options for transfers to Iraq from Spain, based on the amount you want to send.
Cheapest way to send money to Iraq from Spain: Wise
Data collected through our comparison over the past six months shows that Wise is 0% cheaper than the second-best option.
The cost is made up of an average fee of 32.31* EUR and an exchange rate for buying Iraqi Dinar with Euro that is 0.33% different to the mid-market rate.
If you want to secure the best rates on a Spain to Iraq transfer, Wise offers value. We would still recommend searching for the amount you want to send to Iraq.
*The most common fee applied to EUR-IQD by Wise, based on data from the past six months.
Fastest money transfers to Iraq from Spain: Wise.
Through our research, we found Wise to be the quickest way to send EUR into Iraqi Dinar in 50% of instances. For fast transfers between EUR and IQD, Wise is generally a good option.
Money transfers from Spain to Iraq through Wise have an average fee of 61.71 EUR.
To confirm that Wise was the 'fastest' option we compared 2 money transfer providers for overall speed of sending money from Spain to Iraq. This was made up of depositing Euro to a money transfer account and transfer times to Iraq.
When sending quickly is a priority, Wise is our recommended choice for sending into Iraq from Spain.
Send large sums of money abroad with Currencies Direct
From the 2 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Iraq from Spain.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Iraqi Dinars to Iraqi Dinar.
As such, we recommend Currencies Direct for large transfers between Iraq and Spain.
Understanding the cost of moving money to Iraq from Spain
The total cost of money transfers to Iraq from Spain, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for EUR-IQD is 1,412.9397 IQD per Euro.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Iraqi Dinar for your Euros.
On average for the last three months, the EUR-IQD mid-market rate has been 1,394.4002 IQD per Euro. This hit a high of 1,465.5308, and a low of 1,357.0211.
From the 2 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting EUR to IQD.
Fees: Some money transfers between Spain and Iraq will be subject to fees. Wise has had an average fee of 32.31 EUR per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Iraqi Dinar eventually received in Iraq.
This number should guide you, as a higher amount of money received in Iraq means a better overall cost of sending money from Spain.
Getting best exchange rate for transferring Euro to Iraqi Dinar
When transferring money between EUR and IQD, timing can make a huge difference. The exchange rate you secure impacts how much IQD you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the mid-market rate from EUR to IQD has fluctuated slightly. On average, it was 1,394.4002.
Across this six month period, the highest value recorded was 1,465.5308, while the lowest was 1,357.0211.
Wise, which is our recommended service to send money online from Spain to Iraq offers an exchange rate that is only 0.16% above the mid-market rate.
Want to secure the best EUR-Iraqi Dinar 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 Iraq!
Funding your Spain to Iraq transfer
Bank transfers
The default option for sending money from Spain to Iraq is often a bank transfer.
Using a money transfer company, such as Wise for transfers from Spain to Iraq, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 2 we tested, the cheapest provider for bank transfers from EUR to Iraq is Wise.
With an average fee of EUR2.91 to send money from Spain to Iraq, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from Spain to Iraq with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between Spain and Iraq.
Credit cards
is the best money transfer company of the 2 compared for credit card transfers from Spain to Iraq
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. 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 Iraq 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 Iraq.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to IQD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
