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Overall best choice: WorldRemit
We tested & reviewed dozens of money transfer providers, and WorldRemit scored highly.
WorldRemit appeared in 44.6% of Spain to Peru searches, and was the top rated company out of 8 that support EUR to PEN.
So for a great mix of cost, speed & features, make your Spain to Peru transfer using WorldRemit.
How to get the best deal on your Spain to Peru transfer
Summary of recent searches
Important things to consider before sending money from Spain to Peru
Don't settle for the first option. Always compare ways to send money from Spain to Peru to find out about fees, speed, and reliability.
Our analysis included 8 providers that operate between Spain and Peru.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Peru.
Cheapest way to send money to Peru from Spain: Instarem
Data collected over the past six months show that Instarem is 1% cheaper than the second-best option.
The €0 transfer cost represents the most common fee for EUR to PEN international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to Peru transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to EUR-PEN by Instarem, based on data from the past six months.
Fastest way to send money from Spain to Peru: Profee
Our data shows that Profee came up as the fastest way to send money from Spain to Peru in 30.8% of searches. This makes them well suited to urgent EUR to PEN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to Peru - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Profee is your best choice at the moment. This service emerged as the quickest way to send money to Peru from Spain in 30.8% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is WorldRemit.
While WorldRemit may not always be the cheapest or fastest way to send EUR from Spain to Peru, it’s the provider that will keep you safe and relaxed while your money moves into PEN.
Understanding the costs involved when moving money from Spain to Peru
When calculating the costs of money transfers between Spain and Peru, here's what really matters:
The Mid-Market Rate: Today, the EUR-PEN mid-market rate equals to 3.98378 PEN per Euro. Keep in mind that this rate fluctuates all the time.
The EUR-PEN average exchange rate of the past three months has been 4.0852 PEN per Euro, with a high of 4.2014 and a low of 4.0001.
Fees and Markups: That's where Instarem shines, combining the best of both worlds: excellent EUR to PEN rates that are only 0.16% away from the average.
How to find the best exchange rate for Euro to Nuevo Sol
Timing is essential sending money between EUR and PEN. The exchange rate you secure impacts how much PEN you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to PEN has seen some fluctuation. On average, it stood at 4.0852.
During this period, the highest value recorded was 4.2014, while the lowest was 4.0001.
WorldRemit, which is our recommended service to send money online from Spain to Peru offers an exchange rate that is only 2.37% above the mid-market rate.
Want to secure the best EUR-Nuevo Sol exchange rates?
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Payment methods available to fund your Spain to Peru transfer
Bank transfers
Bank transfers are often the default option for sending money from Spain to Peru.
By using a money transfer company such as Instarem for transfers from Spain to Peru, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 8 we tested when sending EUR to Peru.
With an average fee of EUR0 to send money from Spain to Peru, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Spain to Peru with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Spain to Peru, competing among a total of 8 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from Spain to Peru, Wise emerges as our top choice of the 8 companies offering this service.
Our comparison engine's last six months of data on EUR to PEN searches show Wise has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend 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 between Peru and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 from Spain to Peru .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to PEN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
