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Find the best ways to transfer money to Paraguay

Compare money transfer deals when sending money to Paraguay.

Find the best, cheapest, and easiest ways to send money to Paraguay at the best PYG exchange rates.

Read on for the best deals, expert information, and all you need to send money to Paraguay.

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Overall best choice: Wise

Wise is our top pick for transfers to Guarani.

We tested & reviewed 9 best money transfer providers to Paraguay, and Wise scored the highest.

Wise appeared in 88.5% of PYG searches, and was the best way to send money to Paraguay out of 9 that support Guarani transfers.

So for a great mix of cost, speed & features, make your Paraguay transfer using Wise via Bank transfer.

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How to get the best rate when sending money to Paraguay

About money transfers to Paraguay

Top rated for transfers from United States to Paraguay
Wise
Total number of US - PY providers
9
Average cheapest fees & rate
Revolut
Average fastest transfer
Paysend
Average transfer time
Within minutes
Best for bank transfers
Revolut
Best for debit card
Wise
Best for credit card
Wise

Everything you need to know about money transfers to Paraguay

1
Always compare your money transfer options

Don’t just settle for the most popular option—always compare your transfer options when sending money to Paraguay.

Most transfers to Paraguay include fees and add a markup on the ‘real’ PYG exchange rate.

The total cost of your transfer to Paraguay can vary based on your deposit and delivery methods, the amount of PYG transferred, and where you're sending money from.

Our comparison covers 9 money transfer services that support Guarani transfers, helping you find the best fit for your needs.

2
Pay attention to PYG exchange rates
3
Choose the best payment method
4
Consider how much you need to send
5
Consider how quickly you need PYG to arrive
6
The way you send money to Paraguay
7
Ways to receive money in Paraguay
8
Prepare your documents
9
Understand the tax & transfer limits

Revolut: The cheapest way to send money to Paraguay

Revolut consistently offers the cheapest money transfers to Paraguay.

There are 9 providers servicing Paraguay, and Revolut appeared as the cheapest option 23 times in our comparisons.

Revolut charges $0 per transfer to Paraguay, with a 0.09% markup on the PYG exchange rate. This is % cheaper than the second cheapest option.

To get the most out of your transfer to Paraguay, use a Bank transfer deposit to maximize the amount of PYG received.

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Paysend is the fastest way to send money to Paraguay

For the fastest transfers to Paraguay, we recommend using Paysend.

Paysend appeared 42.9% of the time as the fastest money transfer company for transfers to Paraguay.

They charge $0 for transfers to Paraguay and add a markup of 1.02% on top of the PYG exchange rate. This is 0% cheaper than the next best option as of November 2024.

For the best combination of speed and cost, we recommend using a to fund your transfer to Paraguay.

*This is based on a $2,000 transfer to Paraguay and a 6-month analysis of our comparison data involving PYG transfers.

The easiest way to send money to Paraguay: Wise

Wise is a great option for balancing speed, cost, and convenience when sending PYG to Paraguay.

Wise ranked as the top-rated money transfer provider in 88.5% of searches related to Paraguay based on 6 months of comparison data from MoneyTransfers.com.

They offer transparent fees, charging $168.84 per transfer with 0% markup added to the PYG rate.

With multiple PYG delivery options, cheap deposits, and reliable customer service, getting started with Wise takes less than 3 minutes, making it a fast, affordable, and user-friendly choice for money transfers to Paraguay.

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Sending large amounts of money to Paraguay

Large transfers to Paraguay can be expensive. You should consider the exchange rate, transfer limits, customer service, safety, company experience with large transfers, and any legal requirements in Paraguay.

In this case, Wise ticks all the boxes. Out of 9 money transfer companies serving Paraguay, Wise came on top as the highest-rated company for PYG transfers to Paraguay.

Whether you are buying a property in Paraguay, funding your education, having a destination wedding, or just need to send a lot of PYG, we recommend opting for a specialized provider such as Wise.

Understand the costs of money transfers to Paraguay

The total cost of PYG transfers to Paraguay depends on your location, the amount of PYG you are sending, the delivery method, the deposit method, transfer fees, and the markup applied to the PYG exchange rate.

Transfer fee

The money transfer service you use to send Guarani can apply a fixed fee, a percentage-based fee, or a combination of both.

For example, sending $2,000 to Paraguay will cost you $0 in fees with PayPal, based on our November 2024 analysis of 9 services supporting Guarani transfers.

PYG exchange rate markup

An exchange rate markup is the percentage added to the mid-market PYG rate by the company you use to send money to Paraguay.

Using the same example, Wise offers the best PYG exchange rates, with a 0% markup on the USD- PYG rate. This means for every USD sent, you receive 7,880.5494 PYG with 0% deducted from it.

Deposit method

How you fund your transfer can significantly impact the overall cost.

Bank transfer is the most common option, costing up to $0 per transfer to Paraguay.

Debit card transfers can go as high as $19.68 in fees, while credit cards can reach $43.15 per PYG transfer and may include additional cash advance fees and other fees.

Bank transfer is the cheapest payment method for transfers to Paraguay.

Live USD-PYG Exchange Rate

How to get the best PYG exchange rate for transfers to Paraguay

An exchange rate represents the value of the Guarani (PYG) relative to another currency. Since it fluctuates continuously, the rate you get directly affects the amount of PYG you receive.

Mid-market Rate
1
= 7880.549392 PYG

Recent trends in PYG exchange rates:

  • The average rate was 7,632.3368 Guarani per US Dollar, with a high of 7,894.0836 PYG/USD and a low of 7,382.2652 PYG/USD.

  • During the past 6-months, the PYG/USD exchange rate experienced some fluctuations. Ensuring you exchange or convert money at a higher rate would result in more PYG received.

  • Wise is our top recommendation for sending money online to Paraguay because it offers an exchange rate that is 0% above the mid-market rate, which is 0% cheaper than the next best option.

Secure the best PYG exchange rates with our rate alerts

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Payment methods available to fund your transfer to
Paraguay

  • Bank transfers

    Bank transfers are often the default option for sending money to Paraguay.

    By using a money transfer company such as Revolut for transfers to Paraguay, you can send money via a bank transfer (or ACH) while benefiting from lower fees and more favorable exchange rates. 


    On average, Revolut is the cheapest provider for bank transfers from the 9 we tested when sending money to Paraguay.

    With an average fee of 0 PYG to send money to Paraguay, Revolut offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid cards

    Sending money to Paraguay with a debit or a prepaid card is very simple with Wise.


    Wise is a leader in debit card payments for transfers to Paraguay, competing among a total of 9 active money transfer companies.

  • Credit cards

    When it comes to credit card transfers to Paraguay, Wise emerges as our top choice of the 9 companies offering this service.

    Fee alert: using a credit card to transfer money often results in a cash advance fee being charged by your card issuer. That's why we recommend a bank transfer or debit card instead.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available in Paraguay.


Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money to Paraguay.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to find the best service for your needs when sending money to Paraguay

For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

Keep your money safe when sending money to Paraguay

To ensure the safety of your PYG transfer, send money only to trusted recipients in Paraguay and always use a regulated money transfer provider.

All the services we recommend for transfers to Paraguay are secure and regulated by recognized financial authorities.

If you're uncertain about the regulatory bodies in Paraguay or your own country, check our directory of worldwide financial regulators.

FAQs

Find answers to the most common questions on our dedicated FAQ page.

How much money can I transfer to Paraguay, and are there any limits?
Are there tax implications when sending money to Paraguay?
What are the typical fees and exchange rates for sending money to Paraguay?
How long does it take to send money to Paraguay?
Can I schedule regular transfers to Paraguay?
What currency is used in Paraguay?
Can I send money to Paraguay from any country?
How can I track my money transfer to Paraguay, and what should I do if something goes wrong?
Is it better to use a bank or a money transfer service to send money to Paraguay?
Can I use MoneyTransfers.com to send money to Paraguay?

Contributors

Artiom Pucinskij
Artiom Pucinskij is a seasoned financial content strategist who holds an impressive background in marketing from the University of Portsmouth. With years of dedicated experience in the personal finance and remittance sectors, Artiom has become an integral part of MoneyTransfers.com's growth.