Sending money to Latvia is fairly easy and there is a good selection of money transfer services available to you compared with other countries. You should be able to find a method which lines up with your individual needs.
The current exchange rate for the Euro (EUR) is 0.852505 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 0.8598 EUR per USD and a low of 0.8525 EUR per USD during the last 90 days. The 90-day average exchange rate for the EUR was 0.8570 EUR per USD.
The average volatility rate of the EUR against the USD was 0.26% for the last 90 days. This is a normal volatility rate, and the EUR has been fairly stable for a long time now. You can reasonably expect moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Latvia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Latvian destination in a matter of minutes. Ria Money Transfer also offers a generally well-rounded deal for their fast option. Their fast option is actually cheap relative to much of its slower competition.
The cheapest way to send money to Latvia is through OFX. OFX makes sending money to Latvia cheap by charging you only a tiny percentage of each transaction, without charging any upfront fees. With OFX, the more money you send in a single transaction, the cheaper the service becomes.
The only catch with OFX is that they do carry a minimum transaction size requirement that is far larger than the competition’s. If this rate isn’t agreeable to you, TransferWise offers a similarly cheap deal for smaller transactions.
The easiest way to send money to Latvia is through TransferWise. TransferWise makes it incredibly simple to use their peer-to-peer money transfer service. After you’ve set up your account, all you need to do is follow a few simple steps:
1) Tap in the amount of money you need to send
2) Tap in the destination for the money
3) Pay TransferWise for the transaction
4) Wait one or two days for your money to reach its Latvian destination
TransferWise offers the overall best way to send money to Latvia. TransferWise is best because they offer the best-rounded deal that is good for many different situations. Their waiting times are moderate, but the rates they charge and the platforms they offer are the areas where TransferWise shines. When all factors are considered, TransferWise offers the best way to send money to Latvia.
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