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Best Ways to Send Money to Lithuania

Enjoy fast, low cost transfers, the best exchange rates, and strong customer support on money transfers to Lithuania.

Read on for quick reviews, expert insights, and all you need to know about money transfers to Lithuania.

Jonathan Merry
Author 
Jonathan Merry
4 minutes
November 22nd, 2023
Disclosure
Best Overall
8.9
TorFx

TorFX is the top rated money transfer provider that usually appears in our search results to Lithuania.

Fastest Option
9.2
Wise

Wise tends to offer fast transfer times to Lithuania for many origin countries and send amounts.

Cheapest Option
8.6
XE

Users who searched to send money to Lithuania usually find XE had the lowest rates and fees.

Compare rates and fees for sending money to Lithuania

There are multiple ways to easily send and receive money in Lithuania but these will largely depend on the provider you decide to use.

Current Exchange Rates for Lithuania

A member of the European Union since 2004, Lithuania has chosen to adopt the Euro (EUR), converting the currency over from Lithuaina litas (LTL) in January 2015. This relatively recent change in currency has had a positive effect on the country, with the stability of this common currency making it easier for individuals and businesses to trade and invest. It also means it is now easier than ever before to transfer money across the border into Lithuaian.

The current exchange rate for the Euro (EUR) is 0.999895 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 1.0257 EUR per USD and a low of 0.9982 EUR per USD during the last 90 days. The average exchange rate for the EUR was 1.0081 EUR per USD for the last 90 days.

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 relatively stable for some time now. Going forward, you can reasonably expect only moderate fluctuations to continue, barring any unforeseen circumstances.

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

The fastest way to send money to Lithuania is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Lithuanian destination in a matter of minutes. The fast option they offer is also a relatively well-rounded deal, as it’s cheaper than much of the slower competition.

The only drawback to Ria Money Transfer is that some customers complain that it is difficult or tiresome to use sometimes

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

Ria Money Transfer’s Slow option is the cheapest way to send money to Lithuania. With Ria Money Transfer’s slow option, you simply pay less. The company charges low upfront fees, and their hidden currency conversion costs are quite low. When you consider both of these factors, Ria Money Transfer’s slow option comes out as the cheapest option. The only downside is that the waiting times are 3-5 days.

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

The easiest way to send money to Lithuania is through Wise. With Wise, you can get your money to Lithuania in three simple steps. Once your account is set up, the peer-to-peer money transfer company only requires you to tap in the amount of money you want to send and the destination. Once you do that, you just pay Wise for the transaction and wait a day or two for your money to arrive in Lithuania.

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

Wise is the overall best way to send money to Lithuania. While they aren’t the fastest or cheapest option, Wise offers an excellent balance between speed, cost-efficiency, and ease of use. The company’s standard service is available in the majority of countries, and it is very easy to use. Their rates aren’t the cheapest, but they come quite close to being the cheapest option. They are also one of very few money transfer services that don’t mark up currency conversion costs at all. This way you always know exactly how much money they are making from your transactions.

The USD to EUR exchange rate

Mid-market Rate
1
= 0.91875 EUR
Mid-market rate at: 18:20 UTC
USD/EUR Median: 0.917100 Low: 0.912950 High: 0.918920
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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