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Send Money To Mongolia

Sending money to Mongolia isn’t so difficult, but your options are limited. That being said, you have several decent or good options available when sending money from other countries.

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Read time
4 minutes
Last updated
4th Jan 2023

How to Send Money to Mongolia

If you’re looking to send money to Mongolia, here’s how you can get started:

Step 1
Find a trusted provider

Use our comparison table to compare providers so you can see who offers the best all-round service

Step 2
Register your details

Once you’ve chosen your provider, enter a few details and you’ll be signed up in minutes

Step 3
Transfer money

When you’re registered, you’ll be able to start sending money to Mongolia as soon as you’re ready

What Ways Can I Send and Receive Money in Mongolia?

You’ll be able to make a money transfer to or from Mongolia in the following ways.

Sending money
Receiving money

Ways to Send Money to Mongolia

You can send money to Mongolia by:

  1. Money transfer provider: The cheapest and quickest way to send money is usually to use a money transfer provider

  2. Direct wire transfer: You’ll also be able to send it directly via wire bank transfer, but this way can take longer and cost more

  3. International money order: You may choose to send an international money order, but these aren’t always available and they often come with limitations

Current Exchange Rates For Mongolia

The current exchange rate for the Mongolian Tughrik (MNT) is [EXCHANGE_RATE base="USD" symbol="MNT"] MNT per American Dollar (USD) as of the time this was written. The MNT reached a high of [EXCHANGE_RATE_HIGH base="USD" symbol="MNT"] MNT per USD and a low of [EXCHANGE_RATE_LOW base="USD" symbol="MNT"] MNT per USD during the last 90 days. The average exchange rate over the last 90 days was [EXCHANGE_RATE_AVG base="USD" symbol="MNT"] MNT per USD.

The average volatility rate for the MNT against the USD was 0.28% for the last 90 days. This is a normal volatility rate, and the MNT has been behaving similarly for some time now. You can reasonably expect normal fluctuations in the exchange rates to continue going forward, barring any unforeseen circumstances.

What’s The Fastest Way To Send Money To Mongolia?

The fastest way to send money to Mongolia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Mongolian destination in a matter of minutes. The fast option is also very affordable and costs less than most of Ria Money Transfer’s 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.

What’s The Cheapest Way To Send Money To Mongolia?

The cheapest way to send money to Mongolia is through Ria Money Transfer’s slow option. Ria Money Transfer charges very low upfront rates for their money transfer services. The company’s slow option also charges relatively low hidden currency conversion costs. When both of these factors are considered, Ria Money Transfer’s slower option is the cheapest.

What’s The Easiest Way To Send Money To Mongolia?

Xoom offers you the easiest method for sending money to Mongolia. Xoom is owned by PayPal and as such offers you a similar level of ease of use and convenience. The easiest thing you can do for the recipient is to send money to their debit card so that they can withdraw cash from an ATM right after they receive the money. You can of course also opt to send money to the recipient’s bank account.

What’s The Overall Best Way To Send Money To Mongolia?

The overall best way to send money to Mongolia is through Ria Money Transfer. We would recommend that you use their faster option to get a better deal, as you’d pay more, but your transfer would be completed much faster. Ria Money Transfer’s fast option gives you the best balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option offers highly competitive rates. With Ria Money Transfer, you have a service that is more accessible and generally well-rounded than the competition. You can also switch between their fast and slow options as you please.

Want to send money somewhere else?

Get started with our top money transfer guides

Jonathan Merry
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
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United Kingdom
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MNT
£
GBP