When it comes to sending money to Mauritius, you have fewer options than you would sending money to many other countries. The currency conversion rates for the Mauritanian Rupee and their fluctuations don’t help the situation. Despite this, it is still easy enough to send money to Mauritius, and there are a few good options available to you.
The current exchange rate for the Mauritian Rupee (MUR) is 40.64872 MUR per American Dollar (USD) as of the time this was written. The MUR reached a high of 40.8400 MUR per USD and a low of 40.2904 MUR per USD during the last 90 days. The 90-day average exchange rate for the MUR was 40.4346 MUR per USD.
The MUR had a volatility rate of 0.68% against the USD for the last 90 days. This is a relatively high volatility rate, and the MUR has been fluctuating sporadically for most of the last year. You can reasonably expect moderate-high fluctuations in currency exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Mauritius is through MoneyGram. With MoneyGram, your money should reach its Mauritian destination in a matter of a few hours, if not minutes. MoneyGram is simply a fast option, and it’s not too expensive to use either.
If you don’t like using MoneyGram, Currencyfair is another service which is highly regarded for its speed.
The cheapest way to send money to Mauritius is through WorldRemit. When you factor in both upfront, stated fees, and the hidden currency conversion fees, they simply offer a better deal. WorldRemit also lives up to its name by being one of the most ubiquitous money transfer services in the world. With WorldRemit, you can also usually expect your money to make it to Mauritius sometime the next day.
The easiest way to send money to Mauritius is also through WorldRemit. As a company that focuses on remittances to and from almost every country on earth, WorldRemit makes sending money easy.
WorldRemit offers you many delivery options as well, including mobile money and cash pickup. Bank transfers are usually the safest option, but not necessarily the fastest.
The overall best way to send money to Mauritius is through WorldRemit. WorldRemit simply offers you the most well-rounded deal and the widest variety of options when it comes to sending money to Mauritius. Their platform is inexpensive and easy to use. When you combine all of these factors, WorldRemit is simply a great option for sending money to Mauritius.
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