Sending money to Peru is very easy and convenient, no matter where you are located. Whether you are looking for a very, very cheap option, lightning-speed transfers, or a well-rounded option, there is something out there for you. Sending funds to Peru can be easier, depending on where you are sending money from. Regardless, there will always be a few best quality services available to you.
The current exchange rate for the Peruvian Sol (PEN) is 3.382496 PEN per American Dollar (USD). The average exchange rate for the PEN was 3.3525 PEN per USD over the last 90 days. During the last 90 days, the PEN reached a high of 3.4015 PEN per USD, and a low of 3.2995 PEN per USD.
The average volatility rate of the PEN was 0.21% against the USD over the course of the last 90 days. This is a relatively low volatility rate, and the PEN has been relatively stable for some time now. You can reasonably expect slow, minor fluctuations to continue going forward, barring any unforeseen circumstances.
The fastest way is through the fast option provided by Ria Money Transfer. Ria Money Transfer’s fast option will see to it that your money reaches its Peruvian destination in a matter of minutes. While there are other services that usually complete the transfer in under an hour, Ria Money Transfer is cheaper than them. It’s also fairly simple to use, saving you time and money.
The cheapest way to transfer money to Peru is through OFX. OFX offers very low hidden currency conversion costs and doesn’t carry an upfront, stated fee. The service isn’t too slow either, as it will only take a day or two for your money to reach its Peruvian destination.
The easiest way is through TransferWise. The peer-to-peer payment system makes it exceedingly simple to send funds to Peru. All you need to do is tap in an amount of money and its destination. After that, you must complete your payment to TransferWise. At this point, it should only take a day or two for the transfer to be completed. TransferWise is also available in most countries, so it is convenient if you are on the move, or are unsure of your geographic future.
This one is a close call between OFX and TransferWise, but when all things are considered, TransferWise is the overall best way to send funds to Peru. Both of these options offer great deals, but TransferWise is ideally suited to regular usage and transfers of various sizes. It is also easier to use and available in far more countries than OFX. For these reasons, TransferWise is the overall best option for you.
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