Unfortunately sending money to Paraguay is a bit difficult due to the lack of good options available to you. Regardless, there are several decent options available to you.
The current exchange rate for the Paraguayan Guarani (PYG) is 6920.604013 PYG per American Dollar (USD) as of the time this was written. The PYG reached a high of 6,955.4704 PYG per USD and a low of 6,920.6040 PYG per USD during the last 90 days. The average exchange rate for the last 90 days was 6,936.9068 PYG per USD.
The average volatility rate of the PYG against the USD was 0.35% for the last 90 days. This is a moderate volatility rate which has sped up during the last month. You can reasonably expect only moderate fluctuations in the exchange rates going forward, barring any unforeseen circumstances.
The fastest way to send money to Paraguay is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Paraguayan destination in a matter of minutes. The fast option is also very affordable and costs less than most of Ria Money Transfer’s 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 Paraguay is through Ria Money Transfer’s slow option. Ria Money Transfer charges very low upfront rates for their services. The company’s slow option charges relatively low hidden currency conversion costs as well. When both of these factors are 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 normally takes 3-5 business days for your money to reach its destination.
The easiest way to send money to Paraguay is through Xoom. To achieve the maximum level of convenience, we’d recommend that you use their mobile top-up option. If this isn’t agreeable to you, simply sending the money to the recipient’s bank account is always an option. In either case, Xoom is a service that is very easy to use, and navigating their interfaces is a breeze.
The overall best way to send money to Paraguay is through Ria Money Transfer. For the sake of getting the best deal possible, we recommend using their fast option. 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 a simple and viable alternative which you can use with the same account. With Ria Money Transfer, you have a service that is very 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