Sending money to Montenegro is easy thanks to the excellent range of options available to you. The country’s use of the Euro combined with access to some of the best services on the market makes sending money is a seamless process.
The current exchange rate for the Euro (EUR) is 0.89984 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 0.9173 EUR per USD and a low of 0.8995 EUR per USD during the last 90 days. The average exchange rate for the last 90 days was 0.9048 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 Montenegro is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its destination in a matter of minutes. Their rates are quite good as well, as sending money through Ria Money Transfer’s fast option is cheaper than using most of their slower competition. Ria Money Transfer customers sometimes complain that their service is a bit difficult to use do to random hassles. Regardless, you can be sure you’re getting a good deal in terms of cost and speed.
The cheapest way to send money to Montenegro is through OFX. OFX charges a small currency conversion fee that depends on the amount of money being transferred. The more money you send through OFX, the better the deal is. On the lower end, OFX takes about 1% of the transfer’s total value. However, as you send more money, this rate declines to the eventual lowest possible rate of 0.4%. The only catch is that OFX does carry a minimum transfer amount, and it can bother some customers.
If the current minimum transfer amount is not agreeable to you, TransferWise is about as cheap as OFX for smaller transactions.
The easiest way to send money to Montenegro is through TransferWise. TransferWise makes sending money to Montenegro 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 Montenegrin destination
The overall best way to send money to Montenegro is through OFX. OFX offers the best rates available while also making the money transfer process relatively easy. The company focuses on international currency conversions, but also sends money at great rates. With OFX, you can expect the lowest costs and good service on a regular basis. The waiting times aren’t too bad either, at just one or two days before your money reaches its Montenegrin destination.
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