Sending money to Laos is somewhat easy. While your options aren’t always the greatest, there are several good options for sending money to Laos from other countries.
The current exchange rate for the Lao Kip (LAK) is 9903.455002 LAK per American Dollar (USD) as of the time this was written. The average exchange rate for the last 90 days was 9,846.9320 LAK per USD.
The average volatility rate for the LAK against the USD was 0.18% for the last 90 days. This is a low volatility rate, although the LAK has demonstrated more volatility during the last month. You can reasonably expect moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Laos is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Laotian destination in a matter of minutes. The fast option is also quite affordable and costs less than most of their 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.
The cheapest way to send money to Laos is through XE. XE is an international currency conversion company, but they also allow you to send money to Laos on their platform. XE generally doesn’t charge upfront fees for transactions because they make most of their money through exchange rate markups.
The easiest way to send money to Laos is through Payoneer. Payoneer is easy to use and offers you many different money transfer methods, at least one of which should suit your needs. We would recommend that 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.
You also have other options available to you with Payoneer. You can look up all of the services they offer on their intuitive platform in order to decide whether they are the right choice for you.
If Payoneer isn’t convenient enough for you, Western Union is great when it comes to cash pickups. Cash pickups are also the fastest option offered by Western Union, just remember to remind the recipient to be mindful of their surroundings.
The overall best way to send money to Laos is through Ria Money Transfer. Because it offers a better deal, we would recommend that you use their faster option. Ria Money Transfer’s fast option gives you the best balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option offers highly competitive rates. With Ria Money Transfer, you have a service that is more accessible and generally well-rounded than the competition.
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