If you need to send money to Serbia, your options will be more limited than they’d be for many other countries. Regardless, there are a few excellent options available to you which will make sending money to Serbia quite easy.
The current exchange rate for the Serbian Dinar (RSD) is 109.503692 RSD per American Dollar (USD) as of the time this was written. The RSD reached a high of 111.2450 RSD per USD and a low of 109.4602 RSD per USD during the last 90 days. The average exchange rate was 110.2680 RSD per USD for the last 90 days.
The RSD had an average volatility rate of 0.26% against the USD for the last 90 days. This is a moderate, normal volatility rate, and the RSD has been fluctuating at comparable rates for a long time now. Going forward, you can expect only moderate fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to Serbia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Serbian destination in a matter of minutes. This offer is also very well-rounded, as there are many slower options which cost far more than Ria Money Transfer’s fast option. While Ria Money Transfer isn’t the easiest service to use, it does provide a few great benefits, such as a great cost-speed ratio.
The cheapest way to send money to Serbia through Ria Money Transfer’s slow option. Keep in mind that the recipient will receive the money transfer in the Euro, not the Serbian Dinar. Regardless, the prices they charge are the cheapest available, with Payoneer coming in at a close 2nd. In the case of Ria Money Transfer’s slow option, your upfront fees will be quite low, and the hidden currency conversion fees will be much higher. Regardless, the total cost still beats the competition. Just keep in mind that with Ria Money Transfer’s slow option, it will take 3-5 days for your money to reach its Serbian destination.
The easiest way to send money to Serbia is through Payoneer. With Payoneer, you can transfer money to a phone/ mobile bank account, and money can be withdrawn fairly easily this way. There are also plenty of other options, such as sending money to the recipient’s debit card so that once they receive the money they can withdraw it right away. Payoneer is also one of the most commonly available services, and it can be found and used in almost every country in the world.
The overall best way to send money to Serbia is through Payoneer. Payoneer is only slightly more expensive than Ria Money Transfer’s slow option, and the waiting times are not too bad either. Payoneer is a generally easy and reasonably priced service to use. They can also exchange the currency you send for the Serbian Dinar, unlike Ria Money Transfer. Once all factors are considered, it is clear that Payoneer is the better option for sending money to Serbia.
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