Compare the best ways to send money from United States to Paraguay

We compared 4 companies sending money from the United States to Paraguay. Regency FX is the best and cheapest, while Regency FX is the fastest.

Sending $7,000 with Regency FX gets your recipient 40,691,887.69 PYG at 5813.1268 PYG per USD.

Best companies for USD/PYG transfers

4 of 4 providers

Last updated on 28 October 2026

Based on 7,000 USD transfer

Best companies for USD/PYG transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee $282.08 1 USD = 5853.2000 PYG -0.42% vs mid-market Recipient gets ₲39,321,329.00 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Paraguay with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$282.081 USD = 5853.2000 PYG
₲39,321,329.00You pay$7,000.00
Promoted

Xe

Pay via Bank transfer
Fee $0.00 1 USD = 5787.2675 PYG +0.72% vs mid-market Recipient gets ₲40,510,872.50 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Paraguay with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 5787.2675 PYG
₲40,510,872.50You pay$7,000.00

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Regency FX

Pay via Bank transfer
Fee $0.00 1 USD = 5813.1268 PYG +0.27% vs mid-market Recipient gets ₲40,691,887.69 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Paraguay with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 5813.1268 PYG
₲40,691,887.69You pay$7,000.00

Xe

Pay via Bank transfer
Fee $0.00 1 USD = 5787.2675 PYG +0.72% vs mid-market Recipient gets ₲40,510,872.50 Minutes - 24 hours
Fastest
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Paraguay with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 5787.2675 PYG
₲40,510,872.50You pay$7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee $1.99 1 USD = 5779.6206 PYG +0.85% vs mid-market Recipient gets ₲40,457,344.20 Minutes - 24 hours

Ways to receive money in Paraguay with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
$1.991 USD = 5779.6206 PYG
₲40,457,344.20You pay$7,001.99
Cash pickupMinutes - 24 hours
$5.991 USD = 5544.0000 PYG
₲38,808,000.00You pay$7,005.99

Xe

Pay via Debit card
Fee $35.00 1 USD = 5787.2675 PYG +0.72% vs mid-market Recipient gets ₲40,308,318.14 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Paraguay with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
$35.001 USD = 5787.2675 PYG
₲40,308,318.14You pay$7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee $1.99 1 USD = 5752.8900 PYG +1.31% vs mid-market Recipient gets ₲40,270,230.00 Minutes - 24 hours

Ways to receive money in Paraguay with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
$1.991 USD = 5752.8900 PYG
₲40,270,230.00You pay$7,001.99
Cash pickupMinutes - 24 hours
$75.991 USD = 5544.0000 PYG
₲38,808,000.00You pay$7,075.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee $177.99 1 USD = 5752.8900 PYG +1.31% vs mid-market Recipient gets ₲40,270,230.00 Minutes - 24 hours

Ways to receive money in Paraguay with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
$177.991 USD = 5752.8900 PYG
₲40,270,230.00You pay$7,177.99
Cash pickupMinutes - 24 hours
$179.991 USD = 5544.0000 PYG
₲38,808,000.00You pay$7,179.99

Wise

Pay via Bank transfer
Fee $282.08 1 USD = 5853.2000 PYG -0.42% vs mid-market Recipient gets ₲39,321,329.00 Within a week
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Paraguay with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$282.081 USD = 5853.2000 PYG
₲39,321,329.00You pay$7,000.00

Xe

Pay via Credit card
Fee $210.00 1 USD = 5787.2675 PYG +0.72% vs mid-market Recipient gets ₲39,295,546.33 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Paraguay with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
$210.001 USD = 5787.2675 PYG
₲39,295,546.33You pay$7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fee $60.79 1 USD = 5492.4800 PYG +5.94% vs mid-market Recipient gets ₲38,447,360.00 Minutes - 24 hours

Ways to receive money in Paraguay with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
$60.791 USD = 5492.4800 PYG
₲38,447,360.00You pay$7,060.79
How Our Results Work
Mid-market rate: 1 USD = 5828.8647 PYG Updates every 60 minutes.

How to send money from US to Paraguay

Pick a company

If you're sending a one-off transfer, then Regency FX is the best option.

Regency FX was the cheapest on 25 of the 30 days it quoted $7,000 transfers to Paraguay.

For recurring transfers, I'd suggest using an app or a multi-currency account with Xe.

For large transfers, a broker like Regency FX is the best option.

If your recipient needs cash, MoneyGram is the cheapest.

How much you send will affect the best option for you right now.

Pay for it

You have 4 ways to pay for your transfer to Paraguay, including bank transfer, debit card, credit card, and cash deposit.

Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).

You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.

I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).

Check and send

First time round you'll need to confirm who you are.

An SSN isn't required, an ITIN or a foreign passport works with most companies here.

Compare amounts

How much USD are you sending to Paraguay?

How much USD you send to Paraguay heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 85% of the transfers from $5,000 it quoted, and in 85% of all the transfers it quoted.

Cheapest service
$500-0.12%$0.00₲2,917,820.00with debit card to bank deposit+₲125,070.19
$2,0000.02%$0.00₲11,655,480.00with remitly wallet to bank deposit+₲416,075.50
$5,0000.10%$0.00₲29,115,000.00with remitly wallet to bank deposit+₲480,717.28
$7,000This page0.27%$0.00₲40,691,887.69with bank transfer to bank deposit+₲739,319.04
$10,0000.27%$0.00₲58,131,268.12with bank transfer to bank deposit+₲1,052,572.62
$50,0000.25%$0.00₲290,714,629.26with bank transfer to bank deposit+₲7,367,032.36
$100,0000.20%$0.00₲581,720,701.75with bank transfer to bank deposit+₲14,984,729.27
$250,0000.20%$0.00₲1,454,301,754.38with bank transfer to bank deposit+₲37,449,242.00

Mid-market rate: 1 USD = 5828.8647 PYG

USD/PYG Exchange Rate History

Is today a good time to send money from US to Paraguay?

The cheapest way to send USD to PYG can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 7,000 USD transfers to Paraguay.

PYG received for $7,000, after fees

Wed, Oct 28, 2026Mid-market rate₲40,802,053.23 Regency FX ₲40,691,887.69Regency FX₲40,691,887.69Xe₲40,510,872.50MoneyGram₲40,457,344.20

39.0M
39.5M
40.0M
40.5M
41.0M
41.5M
At the mid-market rateWith the cheapest optionRegency FXXeMoneyGram
Exchange rateFeeRecipient getsDifference
Mid-market rate 5877.2810 – ₲41,140,966.76
Regency FX Cheapest 5861.4123 $0.00 ₲41,029,886.15 −₲111,080.61
MoneyGram 5820.3992 $1.99 ₲40,742,794.40 −₲398,172.36
Xe 5804.1400 $0.00 ₲40,628,980.00 −₲511,986.76
Exchange rateFeeRecipient getsDifference
Mid-market rate 5879.6554 – ₲41,157,587.46
Regency FX Cheapest 5863.7803 $0.00 ₲41,046,461.98 −₲111,125.48
MoneyGram 5819.4046 $1.99 ₲40,735,832.20 −₲421,755.26
Xe 5778.3350 $0.00 ₲40,448,345.00 −₲709,242.46
Exchange rateFeeRecipient getsDifference
Mid-market rate 5864.0314 – ₲41,048,219.88
Regency FX Cheapest 5848.1985 $0.00 ₲40,937,389.68 −₲110,830.20
MoneyGram 5789.5666 $1.99 ₲40,526,966.20 −₲521,253.68
Xe 5776.3500 $0.00 ₲40,434,450.00 −₲613,769.88
Exchange rateFeeRecipient getsDifference
Mid-market rate 5857.7704 – ₲41,004,392.66
Regency FX Cheapest 5841.9544 $0.00 ₲40,893,680.80 −₲110,711.86
Xe 5788.2600 $0.00 ₲40,517,820.00 −₲486,572.66
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 5849.5561 – ₲40,946,893.01
Regency FX Cheapest 5833.7623 $0.00 ₲40,836,336.40 −₲110,556.61
Xe 5798.1850 $0.00 ₲40,587,295.00 −₲359,598.01
MoneyGram 5778.6260 $1.99 ₲40,450,382.00 −₲496,511.01
Exchange rateFeeRecipient getsDifference
Mid-market rate 5837.7370 – ₲40,864,159.15
Regency FX Cheapest 5821.9751 $0.00 ₲40,753,825.92 −₲110,333.23
Xe 5798.1850 $0.00 ₲40,587,295.00 −₲276,864.15
MoneyGram 5778.6260 $1.99 ₲40,450,382.00 −₲413,777.15
Exchange rateFeeRecipient getsDifference
Mid-market rate 5846.2524 – ₲40,923,766.58
Regency FX Cheapest 5830.4675 $0.00 ₲40,813,272.41 −₲110,494.17
Xe 5798.1850 $0.00 ₲40,587,295.00 −₲336,471.58
MoneyGram 5778.6260 $1.99 ₲40,450,382.00 −₲473,384.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 5848.7296 – ₲40,941,107.28
Regency FX Cheapest 5832.9380 $0.00 ₲40,830,566.29 −₲110,540.99
MoneyGram 5820.3992 $1.99 ₲40,742,794.40 −₲198,312.88
Xe 5786.2750 $0.00 ₲40,503,925.00 −₲437,182.28
Exchange rateFeeRecipient getsDifference
Mid-market rate 5856.0220 – ₲40,992,154.34
Regency FX Cheapest 5840.2108 $0.00 ₲40,881,475.52 −₲110,678.82
MoneyGram 5810.4532 $1.99 ₲40,673,172.40 −₲318,981.94
Xe 5728.7100 $0.00 ₲40,100,970.00 −₲891,184.34
Exchange rateFeeRecipient getsDifference
Mid-market rate 5830.3232 – ₲40,812,262.52
Regency FX Cheapest 5814.5813 $0.00 ₲40,702,069.41 −₲110,193.11
MoneyGram 5735.8582 $1.99 ₲40,151,007.40 −₲661,255.12
Xe 5671.1450 $0.00 ₲39,698,015.00 −₲1,114,247.52
Exchange rateFeeRecipient getsDifference
Mid-market rate 5737.7159 – ₲40,164,011.14
Regency FX Cheapest 5722.2240 $0.00 ₲40,055,568.31 −₲108,442.83
Xe 5671.1450 $0.00 ₲39,698,015.00 −₲465,996.14
MoneyGram 5641.3712 $1.99 ₲39,489,598.40 −₲674,412.74
Exchange rateFeeRecipient getsDifference
Mid-market rate 5688.1553 – ₲39,817,086.77
Regency FX Cheapest 5672.7972 $0.00 ₲39,709,580.64 −₲107,506.13
MoneyGram 5623.4684 $1.99 ₲39,364,278.80 −₲452,807.97
Xe 5619.5350 $0.00 ₲39,336,745.00 −₲480,341.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 5688.1553 – ₲39,817,086.77
Regency FX Cheapest 5672.7972 $0.00 ₲39,709,580.64 −₲107,506.13
MoneyGram 5623.4684 $1.99 ₲39,364,278.80 −₲452,807.97
Xe 5619.5350 $0.00 ₲39,336,745.00 −₲480,341.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 5684.3006 – ₲39,790,104.41
Regency FX Cheapest 5668.9530 $0.00 ₲39,682,671.13 −₲107,433.28
MoneyGram 5623.4684 $1.99 ₲39,364,278.80 −₲425,825.61
Xe 5619.5350 $0.00 ₲39,336,745.00 −₲453,359.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 5699.1545 – ₲39,894,081.75
Regency FX Cheapest 5683.7668 $0.00 ₲39,786,367.73 −₲107,714.02
Xe 5659.2350 $0.00 ₲39,614,645.00 −₲279,436.75
MoneyGram 5658.2794 $1.99 ₲39,607,955.80 −₲286,125.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 5706.7897 – ₲39,947,527.88
Regency FX Cheapest 5691.3814 $0.00 ₲39,839,669.55 −₲107,858.33
MoneyGram 5657.2848 $1.99 ₲39,600,993.60 −₲346,534.28
Xe 5631.4450 $0.00 ₲39,420,115.00 −₲527,412.88
Exchange rateFeeRecipient getsDifference
Mid-market rate 5702.3184 – ₲39,916,229.06
Regency FX Cheapest 5686.9222 $0.00 ₲39,808,455.24 −₲107,773.82
MoneyGram 5662.2578 $1.99 ₲39,635,804.60 −₲280,424.46
Xe 5643.3550 $0.00 ₲39,503,485.00 −₲412,744.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 5695.4292 – ₲39,868,004.46
Regency FX Cheapest 5680.0515 $0.00 ₲39,760,360.84 −₲107,643.62
Xe 5668.1675 $0.00 ₲39,677,172.50 −₲190,831.96
MoneyGram 5651.3172 $1.99 ₲39,559,220.40 −₲308,784.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 5719.8772 – ₲40,039,140.69
MoneyGram Cheapest 5730.8852 $1.99 ₲40,116,196.40 +₲77,055.71
Regency FX 5704.4336 $0.00 ₲39,931,035.01 −₲108,105.68
Xe 5701.9125 $0.00 ₲39,913,387.50 −₲125,753.19
Exchange rateFeeRecipient getsDifference
Mid-market rate 5719.8772 – ₲40,039,140.69
MoneyGram Cheapest 5730.8852 $1.99 ₲40,116,196.40 +₲77,055.71
Regency FX 5704.4336 $0.00 ₲39,931,035.01 −₲108,105.68
Xe 5701.9125 $0.00 ₲39,913,387.50 −₲125,753.19
Exchange rateFeeRecipient getsDifference
Mid-market rate 5729.0507 – ₲40,103,354.57
MoneyGram Cheapest 5730.8852 $1.99 ₲40,116,196.40 +₲12,841.83
Regency FX 5713.5822 $0.00 ₲39,995,075.51 −₲108,279.06
Xe 5701.9125 $0.00 ₲39,913,387.50 −₲189,967.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 5768.7250 – ₲40,381,074.66
Regency FX Cheapest 5753.1494 $0.00 ₲40,272,045.76 −₲109,028.90
MoneyGram 5700.0526 $1.99 ₲39,900,368.20 −₲480,706.46
Xe 5671.1450 $0.00 ₲39,698,015.00 −₲683,059.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 5729.1458 – ₲40,104,020.56
Regency FX Cheapest 5713.6771 $0.00 ₲39,995,739.70 −₲108,280.86
MoneyGram 5706.0202 $1.99 ₲39,942,141.40 −₲161,879.16
Xe 5687.0250 $0.00 ₲39,809,175.00 −₲294,845.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 5754.4990 – ₲40,281,493.29
Regency FX Cheapest 5738.9619 $0.00 ₲40,172,733.26 −₲108,760.03
Xe 5686.0325 $0.00 ₲39,802,227.50 −₲479,265.79
MoneyGram 5681.1552 $1.99 ₲39,768,086.40 −₲513,406.89
Exchange rateFeeRecipient getsDifference
Mid-market rate 5731.1443 – ₲40,118,009.88
Xe Cheapest 5720.7700 $0.00 ₲40,045,390.00 −₲72,619.88
Regency FX 5715.6702 $0.00 ₲40,009,691.25 −₲108,318.63
MoneyGram 5692.0958 $1.99 ₲39,844,670.60 −₲273,339.28
Exchange rateFeeRecipient getsDifference
Mid-market rate 5779.4439 – ₲40,456,107.47
Regency FX Cheapest 5763.8394 $0.00 ₲40,346,875.98 −₲109,231.49
MoneyGram 5715.9662 $1.99 ₲40,011,763.40 −₲444,344.07
Xe 5708.8600 $0.00 ₲39,962,020.00 −₲494,087.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 5779.4439 – ₲40,456,107.47
Regency FX Cheapest 5763.8394 $0.00 ₲40,346,875.98 −₲109,231.49
MoneyGram 5715.9662 $1.99 ₲40,011,763.40 −₲444,344.07
Xe 5708.8600 $0.00 ₲39,962,020.00 −₲494,087.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 5770.9962 – ₲40,396,973.23
Regency FX Cheapest 5755.4145 $0.00 ₲40,287,901.40 −₲109,071.83
MoneyGram 5715.9662 $1.99 ₲40,011,763.40 −₲385,209.83
Xe 5708.8600 $0.00 ₲39,962,020.00 −₲434,953.23
Exchange rateFeeRecipient getsDifference
Mid-market rate 5777.2108 – ₲40,440,475.39
Xe Cheapest 5778.3350 $0.00 ₲40,448,345.00 +₲7,869.61
Regency FX 5761.6123 $0.00 ₲40,331,286.11 −₲109,189.28
MoneyGram 5730.8852 $1.99 ₲40,116,196.40 −₲324,278.99
Exchange rateFeeRecipient getsDifference
Mid-market rate 5828.8647 – ₲40,802,053.23
Regency FX Cheapest 5813.1268 $0.00 ₲40,691,887.69 −₲110,165.54
Xe 5787.2675 $0.00 ₲40,510,872.50 −₲291,180.73
MoneyGram 5779.6206 $1.99 ₲40,457,344.20 −₲344,709.03

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send $7,000, after fees, as quoted by each company. The mid-market line shows what $7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

Understanding USD/PYG exchange rate

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more PYG per USD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 4 of the last 30 days.

Right now, Regency FX pays 40,691,887.69 PYG on 7,000 USD, which is 110,165.54 PYG less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 41,046,461.98 PYG.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Paraguay.

We've tracked 207 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

  1. Regency FXAppeared in 117 comparisons

    Cheapest in 85% of them

  2. XeAppeared in 177 comparisons

    Cheapest in 5% of them

  3. MoneyGramAppeared in 200 comparisons

    Cheapest in 12% of them

Based on 207 comparisons across 8 amounts over the last 30 days.

Is the cheapest money transfer company always the best?

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest and gets you the most PYG, and it was also the cheapest in 85% of the 117 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Paraguay.

Xe (today's second cheapest) was the cheapest in only 5% of its comparisons, so it's rarely the cheapest option for transfers to Paraguay.

Ways to send money from the US to Paraguay

There are 4 companies available for sending money from the US to Paraguay, across online, app, broker, in person, multi-currency account, and global account, and more.

For regular transfers home

Money transfer apps

If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.

Xe charges $0 on a $7,000 transfer with 0.72% markup, saves your recipient's details for next time, and PYG arrives in minutes - 24 hours.

Over the past month, Xe was the cheapest app on 37% of the days it appeared for $7,000 transfers.

Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.

Sending without a US bank account

Cash & in-person transfers

Paying in cash at an agent can work without a US bank account.

The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.

Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 40,457,344.2 PYG in minutes - 24 hours.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. To avoid it, fund with a debit card or bank account instead (most agents take both).

For one-off transfers

Online transfers

For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Paraguay.

Of all online companies listed here, Xe gets you the most PYG per USD.

On a $7,000 transfer, you will get 40,510,872.5 PYG after a $0 fee and 0.72% markup.

In our comparisons over the past month, it was the cheapest online service on 11 of the 30 days it quoted.

But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.

For transfers over $10,000

Currency brokers

For large transfers to Paraguay (e.g. a property purchase, tuition, or moving to Paraguay), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/PYG that gets lower the more you send.

Our analysis shows Regency FX was the cheapest broker in 97% of the transfers from $5,000 it quoted.

It's also good to check Wise since you get a bulk discount on transfers over $25,000.

Business payments from the US

Global accounts

Global accounts are for US businesses paying people abroad.

Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.

Holding & spending currencies

Multi-currency accounts

A multi-currency account like Wise is the best for holding and receiving PYG.

This is useful for traveling to Paraguay, building up PYG balance, or receiving payments in PYG.

Wise converts $7,000 at -0.42% markup plus small fee and holds the PYG until you spend it.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund USD and receive PYG in Paraguay

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 40,691,887.69 PYG.

Deposit USD by bank transfer, debit card, credit card, and cash deposit.

The simplest way is to pay from your US checking account

Pay by bank transfer using your routing and account numbers.

An ACH payment is usually cheaper than a card, but it may take some time for it to clear before a money transfer company can send the money to Paraguay.

You can deposit cash

You'll need to visit the nearest MoneyGram branch and hand over $7,000.

MoneyGram is the cheapest option and will get you 40,457,344.2 PYG on a $7,000 transfer after fees.

Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.

Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Paraguay.

Your recipient in Paraguay can collect PYG through bank deposit and cash pickup.

They can collect cash in Paraguay

Your recipient can collect PYG from a participating MoneyGram location in Paraguay.

They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.

  1. 1
    Bank transfer Bank deposit

    You pay $7,000.00

    Gs40,691,888

    Cheapest

  2. 2
    Debit card Bank deposit

    You pay $7,000.00

    Gs40,308,318

    -Gs383,570

  3. 3
    Credit card Bank deposit

    You pay $7,177.99

    Gs40,270,230

    -Gs421,658

  4. 4
    Bank transfer Cash pickup

    You pay $7,005.99

    Gs38,808,000

    -Gs1,883,888

  5. 5
    Debit card Cash pickup

    You pay $7,075.99

    Gs38,808,000

    -Gs1,883,888

Show moreShow less
  1. 6
    Credit card Cash pickup

    You pay $7,179.99

    Gs38,808,000

    -Gs1,883,888

  2. 7
    Cash deposit Cash pickup

    You pay $7,060.79

    Gs38,447,360

    -Gs2,244,528

Things to consider before sending USD to Paraguay

The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.

Find the right USD/PYG company

Cheapest way to send money to Paraguay

The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 40,691,887.69 PYG, which is 0.44% more than the next best option.

Fastest way to send money to Paraguay

The fastest option is Regency FX. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 40,691,887.69 PYG, with the money arriving in minutes - 24 hours.

Cash-funded transfers now carry a 1% tax

Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.

Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.

The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.

The $10,000 rule is not a transfer limit

There is no federal cap on how much of your own money you can send electronically abroad.

Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.

Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.

Do not split cash transactions to avoid a report.

You normally have 30 minutes to cancel

The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.

You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.

You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.

Contact the company first and keep the receipt.

The CFPB explains the cancellation and error process.

Need to send a large amount of USD to Paraguay?

For transfers over $10,000, Wise is the best option.

It offers the best exchange rate, which is more important than the fee for large transfers to Paraguay.

While Wise may not always be the cheapest or fastest way to send PYG, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.

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How we analyze the market

We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Paraguay and United States.


We work with leading money transfer companies to provide real time fees and exchange rates. In the past 30 days alone, we analyzed 207 comparisons across 8 amounts.

This page covers the cheapest and fastest options for USD/PYG transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

For a deeper understanding of our commitment to integrity and transparency, check out these articles:

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.