You are rather limited in your options if you want to send money to Mozambique from other countries. That being said, there are several great options available to you.
The current exchange rate for the Mozambican Metical (MZN) is 63.830222 MZN per American Dollar (USD) as of the time this was written. The MZN reached a high of 63.8304 MZN per USD and a low of 63.8298 MZN per USD during the last 90 days. The average exchange rate over the last 90 days was 63.8301 MZN per USD.
The MZN had an average volatility rate of 0.27% for the last 90 days. This is a normal volatility rate which follows the long-term trends of the MZN. You can reasonably expect normal fluctuations in the exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Mozambique is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Mozambican destination in a matter of minutes. The fast option also offers an affordable deal, as it 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 Mozambique is through Ria Money Transfer’s slow (normal) option. Ria Money Transfer offers very low upfront rates for their money transfer services. The company’s slow option also charges relatively low hidden currency conversion costs. All things considered, Ria Money Transfer’s slower option is very cheap.
It should be noted that Ria Money Transfer’s slow option is very slow. It should normally take 3-5 business days for your money to reach its Mozambican destination.
The easiest way to send money to Mozambique is by using Payoneer money transfer company. With Payoneer, you can switch between different money transfer methods to suit your needs. You have several options for sending money through Payoneer. We recommend you use Payoneer to send money to the recipient’s debit card, which offers greater convenience and security when compared to other methods. With this method, the recipient can withdraw the money right away upon the transfer’s completion.
The overall best way to send money to Mozambique is through Ria Money Transfer. For the sake of getting the overall best deal, we recommend using their fast option unless you don’t mind waiting. Ria Money Transfer’s fast option gives you a great balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option is alright. With Ria Money Transfer, you have a service that is fairly accessible and generally well-rounded.
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