Sending money to Luxembourg is very easy. This is primarily due to the great options you have available to you for sending from other countries.
The current exchange rate for the Euro (EUR) is 1.03729 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 1.0393 EUR per USD and a low of 1.0030 EUR per USD during the last 90 days. The average exchange rate for the last 90 days was 1.0262 EUR per USD.
The EUR had an average volatility rate of 0.25% against the USD for the last 90 days. This is a normal volatility rate, and the EUR has been fluctuating similarly for a long time now. You can reasonably expect only normal fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Luxembourg is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its 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 Luxembourg is through OFX. With OFX, you only pay a small percentage of each transaction. There are no upfront fees and the service is undoubtedly the cheapest on the market. Furthermore, it typically only takes a day or two for your money to reach its destination when using OFX.
The main drawback to OFX is that it carries a minimum transfer size requirement which is significantly higher than any of the competition. Despite this, their rates cannot be beaten, particularly when you send more money at once. The more money you send through OFX in a single transfer, the cheaper the transfer becomes.
The easiest way to send money to Luxembourg is through TransferWise. TransferWise makes sending money to Luxembourg exceptionally easy. After you set up your account, all you need to do is follow these simple steps:
1) Tap in the amount of money to be sent
2) Tap in the destination
3) Pay TransferWise for the transaction.
4) Wait one or two days for the funds to arrive at the destination
The overall best way to send money to Luxembourg is through OFX. There are several reasons for this, as OFX offers you the best-rounded option for Luxembourg. Their wait times are short and their platforms are easy to use, making OFX good at everything it needs to be good at. When it comes to the rates you’re paying, if you send a large amount of money at once, you can be sure you are getting the best rates by a large margin.
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