Sending money to Nicaragua is easy, though there are fewer options available to you compared to most other countries. Whether you are looking for speed, cost-efficiency, ease of use, or a combination of the three, you should find an option that you find agreeable.
The current exchange rate for the Nicaraguan Cordoba (NIO) was 35.250377 NIO per American Dollar (USD) as of the time this was written. The NIO reached a high of 35.3502 NIO per USD and a low of 34.9116 NIO per USD during the last 90 days. The average exchange rate was 35.2128 NIO per USD for the last 90 days.
The average volatility rate for the NIO against the USD was 0.17% for the last 90 days. This is a fairly low volatility rate, and the NIO has been behaving similarly for most of the last year. Going forward, you can reasonably expect only minor fluctuations in currency conversion rates to continue, barring any unforeseen circumstances.
The fastest way to send money to Nicaragua is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Nicaraguan destination in a matter of minutes. The fast option is also a well-rounded one which offers a great value when compared to much of the more expensive but slower competition.
Ria Money Transfer’s slow option is the cheapest way to send money to Nicaragua. With Ria Money Transfer’s slower option, you can expect very low upfront, stated fees. Their hidden currency conversion costs are also very low relative to their competition. The only downside to Ria Money Transfer’s slow service is that it really is slow. You can expect your money to reach its Nicaraguan destination in 3-5 days if you choose to use Ria Money Transfer’s slow option.
The easiest way to send money to Nicaragua is through Payoneer. With Payoneer, you have many options for sending money. Their platform and interfaces are intuitive, and they make sending money across the world simple. Because they are somewhat ubiquitous, you can send money to Nicaragua using Payoneer from one of many countries. The company also offers a few rewards which you can take advantage of.
The overall best way to send money to Nicaragua is through Ria Money Transfer’s fast option. This is simply because they offer the most well-rounded deal for Nicaragua. Their rates are cheap, and they offer better waiting times, including against the companies that charge more money. For an excellent balance between cost and speed, we would recommend that you use Ria Money Transfer, and we’d recommend you take advantage of their fast option.
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