Sending money to Kiribati is made more difficult by a lack of options. Fortunately, one of the few options available to you is TransferWise, which is quite a well-rounded option. Unfortunately, you still won’t find the greatest deals if you’re sending money to Kiribati, relative to sending money elsewhere.
The current exchange rate for the Australian Dollar (AUD) is 1.311992 AUD per American Dollar (USD) as of the time this was written. The AUD reached a high of 1.3139 AUD per USD and a low of 1.3043 AUD per USD during the last 90 days. The average exchange rate for the last 90 days was 1.3100 AUD per USD.
The average volatility rate for the AUD was 0.37% against the USD for the last 90 days. This is a moderate volatility rate which has remained consistent for some time now. You can reasonably expect moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send cash to Kiribati is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Kiribati destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers can take longer. The main downside to Western Union’s fast option is the fact that it is more expensive than most of the competition. You can always expect to pay more with Western Union.
The cheapest way to send money to Kiribati is through TransferWise. TransferWise charges a stated, upfront fee which can appear slightly high (it is). The real savings you’ll get come from the fact that TransferWise is one of the very few services which doesn’t charge any hidden currency conversion markup. You always know how much you’re paying with TransferWise, which is another added benefit. In the end, TransferWise is the cheapest option for sending money to Kiribati.
The easiest way to send money to Kiribati is through TransferWise. TransferWise makes sending money to Kiribati exceptionally easy. After you set up your account, all you need to do is follow these simple steps:
1) Tap in the amount of money to be sent
2) Tap in the destination
3) Pay TransferWise for the transaction.
4) Wait one or two days for the funds to arrive at their Kiribati destination
TransferWise also offers you the overall best way to send money to Kiribati. TransferWise is the best option because they offer the best-rounded deal, which is good for many different situations. Their waiting times are moderate at one or two days, but the rates they charge and the platforms they offer are the areas where TransferWise shines. When ease of use, cost, and speed are all considered, TransferWise is the best option for sending money to Kiribati.
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