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Send Money To Nicaragua

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.

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United Kingdom
GBP
Nicaragua
NIO
£
GBP
Read time
3 minutes
Last updated
4th Jan 2023

How to Send Money to Nicaragua

If you’re looking to send money to Nicaragua, 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 Nicaragua as soon as you’re ready

What Ways Can I Send and Receive Money in Nicaragua?

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

Sending money
Receiving money

Ways to Send Money to Nicaragua

You can send money to Nicaragua 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 Nicaragua

The current exchange rate for the Nicaraguan Cordoba (NIO) was 35.757293 NIO per American Dollar (USD) as of the time this was written. The NIO reached a high of 36.0004 NIO per USD and a low of 35.3233 NIO per USD during the last 90 days. The average exchange rate was 35.8314 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.

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

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.

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

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.

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

The easiest way to send money to Nicaragua is through Payoneer or Dolex Money Transfers. 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.

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

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.

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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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Nicaragua
NIO
£
GBP