Sending money to Portugal is incredibly easy. You have so many options available to you, including industry leaders, that you don’t need to worry much. It doesn’t matter too much what you’re looking for in a service, as there will be one which matches your individual needs for sending money to Portugal from around the world.
The current exchange rate for the Euro (EUR) is 0.914504 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 0.9258 EUR per USD and a low of 0.9145 EUR per USD during the last 90 days. The 90-day average exchange rate for the EUR was 0.9213 EUR per USD.
The average volatility rate of the EUR against the USD was 0.26% for the last 90 days. This is a normal volatility rate, and the EUR has been fairly stable for a long time now. You can reasonably expect moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Portugal is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Portuguese destination in a matter of minutes. The rates for Ria Money Transfer’s fast option are quite good as well, as sending money through them is cheaper than using most of their slower competition.
The cheapest way to send money to Portugal is through OFX. OFX charges a small currency conversion fee that depends on the amount of money being transferred. The more money you send through OFX, the better the deal is. On the lower end, OFX takes 1% of the transfer. However, as you send more money, this rate declines to the eventual lowest possible rate of 0.4%. The only catch is that OFX does carry a minimum transfer amount, and it can bother certain customers.
If the current minimum transfer amount is not agreeable to you, TransferWise is usually as cheap as OFX for smaller transactions.
The easiest way to send money to Portugal is through TransferWise. TransferWise makes it easy to send money to and from any country with their intuitive peer-to-peer system. All you need to do is tap in an amount of money and a destination. After that, all you must do is pay TransferWise for the transaction and wait one or two days for the money to reach its Portuguese destination.
The overall best way to send money to Portugal is through OFX. When it comes to cost, OFX is simply unbeatable, unless you want to walk to Portugal with a bag full of cash. Their rates are low, but their ease of use makes them even better. OFX isn’t the most intuitive service out there, but it’s relatively straightforward and customers rate it highly for ease of use. When it comes to transfer times, OFX usually only takes a day or two to complete a transfer. When every variable is considered, OFX is the overall best way to send money to Portugal.
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