Liberia isn’t the easiest country to send money to, primarily due to a lack of options. The options available won’t always be ideal, but there are a few well-rounded international money transfer companies that make sending money to Liberia easier and cheaper.
The current exchange rate for the Liberian Dollar (LRD) is 154.00041 LRD per American Dollar (USD) as of the time this was written. The LRD reached a high of 154.1503 LRD per USD and a low of 152.0002 LRD per USD during the last 90 days. The average exchange rate was 153.7690 LRD per USD for the last 90 days.
The average volatility rate for the LRD against the USD was 0.22% for the last 90 days. This is a normal volatility rate which lines up with the behavior of the LRD for most of the last year. Going forward, you can reasonably expect only minor fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to Liberia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Liberian destination in a matter of minutes. The fast option offered by Ria Money Transfer is somewhat pricey, but it is the fastest option. Most of the more expensive options are also much, much slower when it comes to waiting times. In the end, Ria Money Transfer’s fast option is the fastest option and is a well-rounded option, too.
The cheapest way to send money to Liberia is through Ria Money Transfer’s slow option. With Ria Money Transfer’s slow option, you pay very low hidden currency conversion costs and even lower upfront costs. The result is a very cheap option for sending money to Liberia.
Unlike Ria Money Transfer’s fast option, their slow option does take a long time to complete transfers. With the slow option, you can expect your money to reach its Liberian destination in 3-5 business days.
The easiest way to send money to Liberia is through Payoneer. Payoneer is a great option for either sending or receiving money, and they are one of few services (alongside WorldRemit) which is available almost everywhere in the world.
The recipient to a Payoneer transfer can receive money in their bank account, or directly on their debit or credit card. If you opt to use the card options, the recipient can withdraw the money from an ATM immediately after receiving it. Payoneer also offers nice little perks that can save you money if you use certain money transfer methods through their platform.
The overall best way to send money to Liberia is through Ria Money Transfer. For the sake of expedience and a more well-rounded deal, we recommend you use their fast option. Regardless, with Ria Money Transfer you are getting a good deal that balances cost and speed. If your priorities should suddenly change, you can choose between speed and cost by switching between their fast and slow options.
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