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Kyrgyzstan

Kyrgyzstan isn’t the easiest country to send money to from other countries, but there are some good options available to you.

Jonathan Merry
Author 
Jonathan Merry
3 minutes
July 27th, 2023
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What Ways Can I Send and Receive Money in Kyrgyzstan?

You’ll be able to make a money transfer to or from Kyrgyzstan in the following ways.

Ways to Send Money to Kyrgyzstan

You can send money to Kyrgyzstan by:

  1. Money Transfer Provider: The cheapest and quickest way to send money is usually to use a money transfer provider

  2. Direct Wire Transfer: You’ll also be able to send it directly via wire bank transfer, but this way can take longer and cost more

  3. International Money Order: You may choose to send an international money order, but these aren’t always available and they often come with limitations

Ways to Receive Money in Kyrgyzstan

You can receive funds in Kyrgyzstan through:

  1. A Bank Deposit: The money will be sent straight to your bank account, but it may take some time to access and withdraw it

  2. A Mobile Wallet: You can also receive money in an electronic wallet on your mobile phone, where it will often be available immediately

  3. Cash Pickup and Delivery: You might want to arrange a cash pickup from a local agent, while some places also have a system for door-to-door cash delivery

Current Exchange Rates for Kyrgyzstan

The current exchange rate for the Kyrgyzstani Som (KGS) is 83.9981 KGS per American Dollar (USD) as of the time this was written. The KGS reached a high of 83.9981 KGS per USD and a low of 83.4957 KGS per USD during the last 90 days.

The Kyrgyzstani Som is a remarkably stable currency which has barely fluctuated during the last 6 months. Going forward, you can reasonably expect this trend to continue, barring any unforeseen circumstances.

What’s the Fastest Way to Send Money to Kyrgyzstan?

The fastest way to send money to Kyrgyzstan is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Kyrgyzstani destination in a matter of minutes. The fast option is also very affordable and costs less than most of Ria Money Transfer’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 when it comes to both speed and cost.

What’s the Cheapest Way to Send Money to Kyrgyzstan?

The cheapest way to send money to Kyrgyzstan is through Ria Money Transfer’s slow option. Ria Money Transfer charges very low upfront rates for their services. The company’s slow option charges relatively low hidden currency conversion costs as well. When both of these factors are considered, Ria Money Transfer’s slower option is very cheap.

It should be noted that Ria Money Transfer’s slow option is very slow. It normally takes 3-5 business days for your money to reach its destination.

What’s the Easiest Way to Send Money to Kyrgyzstan?

The easiest way to send money to Kyrgyzstan is through Payoneer. With Payoneer, you can choose between one of several money transfer methods to suit your needs. We recommend you use Payoneer to send moneyto 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. You can also opt to send your Payoneer balance to a mobile money account or bank account if that suits you better.

What’s the Overall Best Way to Send Money to Kyrgyzstan?

The overall best way to send money to Kyrgyzstan is through Ria Money Transfer. For the sake of getting the best deal possible, we recommend using their fast option. Ria Money Transfer’s fast option gives you a great balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option is a simple and viable alternative which you can use with the same account. With Ria Money Transfer, you have a service that is very accessible and generally well-rounded.

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Contributors

Jonathan Merry
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