Overall best choice: Wise
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.
How to get the best rate when sending money to Paraguay
Everything you need to know when sending money to Paraguay
Don’t just settle for the most popular option—always compare.
Most transfers/payments 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 located.
Our comparison covers 9 money transfer services that support Guarani transfers, helping you find the best fit for your needs.
Revolut: The cheapest way to send money 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 0.11% 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.
Paysend is the fastest way to send money to Paraguay
Paysend appeared 44.4% of the time as the fastest money transfer company available in Paraguay.
They charge $0 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 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.
Getting started with Wise takes less than 3 minutes, making it a fast, affordable, and user-friendly choice for sending Guarani.
Sending large amounts of money to Paraguay
Sending large amounts 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.
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 depends on your location, the amount of PYG sent, the delivery/deposit methods, 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, a $2,000 transfer to Paraguay will cost you $0 in fees with Xoom, 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.
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 7,808.9685 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 $4 per transfer to Paraguay.
Debit card transfers can go as high as $21.22 in fees, while credit cards can reach $50.67 per PYG transfer and may include additional cash advance fees and other fees.
Bank transfer is the cheapest payment method for sending PYG.
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.
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 PYG as it offers an exchange rate that is 0% above the mid-market rate, which is 0% cheaper than the next best option.
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Payment methods available to fund your transfer to Paraguay
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.
Related transfer routes
Send money from Paraguay
Send money to Paraguay
Keep your money safe when sending money to Paraguay
To ensure the safety of your PYG transfer, make transfers only to trusted recipients in Paraguay and always use a regulated money transfer provider.
All the services supporting Paraguay on our site 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.