Sending money to Ireland is easy, and there are many great options available to you (same as when you are sending money to any other location). Speed, cost, and ease of use are all offered by one of several companies.
The current exchange rate for the Euro (EUR) is 0.8896 EUR per American Dollar (USD). The EUR reached a high of 0.9032 EUR per USD, and a low 0.8772 EUR per USD during the last 90 days. The average exchange rate over the last 90 days was 0.8907 EUR per USD.
The average volatility rate of the EUR against the USD was 0.27% over the last 90 days. This is a moderately high volatility rate when you consider that the Euro hasn’t been very consistent against the American Dollar for the last two years. Going forward, you can reasonably expect the exchange rates to fluctuate moderately, barring any unforeseen circumstances.
The fastest way to send funds to Ireland is through the fast options offered by companies such as Western Union. Due to how ubiquitous and trusted the service is, we will use Western Union’s fast option as the example (being ubiquitous also contributes to speed). With Western Union’s fast option, you pay significantly more money than usual. Regardless, you can expect your money to reach its Irish destination in a matter of minutes.
The cheapest way to send money online to Ireland is through OFX. OFX only charges a small currency exchange fee that depends on the amount of money being sent. If you are sending many thousands of dollars at a time, we can guarantee you that you will not find a better deal anytime soon. On the lower end, OFX takes 1% of the transfer. However, as you send more money, this rate declines to the eventual lowest possible rate of 0.4%. The only catch is that the amount being transferred must meet their requirements for minimum transaction size.
If you can’t abide by a minimum transfer rate, TransferWise is usually as cheap as OFX for smaller transactions. Furthermore, TransferWise only has a minimum transfer amount of USD $0.01. However, you still need to send at least a couple hundred American Dollars for it to be economical.
TransferWise is the easiest way to send money online to Ireland. As a peer-to-peer money transfer service, it is safe and easy to use from most locations. TransferWise has a simple three-step process for sending money.
First, you tap in the amount of money you want to send. Next, you tap the destination. Lastly, you pay TransferWise for the transaction, at which point the money is off to its Irish destination. The transfer takes a day or two to be completed.
Here at MoneyTransfers.com we believe that the overall best way to transfer funds to Ireland is through TransferWise. TransferWise offers the most well-rounded deal for sending money to Ireland. Because it is so cheap and easy to use, it can make your life easier in multiple ways. The 1-2 day waiting period isn’t the best, but that’s significantly faster than you’d get with the more expensive competition.