"An exciting, fast-growing global payments company focusing on Latin America. Official fintech partner of FC Bayern Munich and offers a best price guarantee."
"An exciting, fast-growing global payments company focusing on Latin America. Official fintech partner of FC Bayern Munich and offers a best price guarantee."
Overall top choice: Global66
Of the 8 money transfer providers we tested and reviewed, Global66 was a standout option for its combination of speed and cost.
Over the last six months, Global66 appeared in 79.8% of searches for transfers between Colombia and Spain.
When sending money from Colombia to Spain, using Global66 in a great option.
How to get the best deal on your Colombia to Spain money transfer
Considerations to make sending money from Colombia to Spain easy
Comparing the different providers offering services between Colombia and Spain, is the best way to send money with confidence.
The 8 providers we've compared ensures you will get the best options for your transfer to Spain from Colombia. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Global66 as the best overall, comparing gives you a comprehensive view of all the options for transferring Colombian Peso to Spain.
Cheapest way to send money to Spain from Colombia: Global66
The cost is a combination of an average fee of 192,870.29* COP and an exchange rate for converting Colombian Peso to Euro that is -4.15% different to the mid-market rate.
On average, Global66 is 0.7% cheaper than the second-best option.
We would recommend Global66 for low cost, affordable transfers from Euros to Spain.
*The most common fee applied to COP-EUR by Global66, based on data from the past six months.
Fastest company to send money to Spain from Colombia: Paysend.
Through our data, Paysend was the quickest way to send money from Colombia to Euro 82% of the time.
Sending money through Paysend to Spain from Colombia has an average fee of 0 COP.
To understand who was the fastest, we tested Paysend as part of 8 money transfer providers. Within this, we looked at the overall speed of sending money from Colombia to Spain. This was made up of transfer times to Spain after Colombian Pesos were added to a money transfer account.
When fast money transfers between Colombia and Spain are a priority, Paysend is our recommended choice.
Transfer a large amount of money
Global66 is the strongest option for large transfers of the 8 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Colombia to Spain can become expensive through your bank or with the wrong provider.
Our data shows Global66 as the best choice for sending large sums of money to Spain from Colombia.
Understanding the cost of sending money from Colombia to Spain
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Colombia to Spain.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Euro for your Colombian Peso. The current COP-EUR mid-market rate is 0.0002 EUR per Colombian Peso.
This rate changes regularly so it can pay to track it. For comparison, the COP-EUR mid-market rate for the past three months has averaged 0.0002 EUR per Colombian Peso, with a low of 0.0002 and a high of 0.0002.
Paysend is currently offering the best exchange rate from the 8 companies compared.
Often the COP-EUR exchange rate you pay is the biggest cost factor when transferring Colombian Pesos to Spain.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Colombian Peso you’re sending to Spain. Global66 currently has the lowest fees for transfers into EUR at an average of 192,870.29 COP over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Euro is the biggest indicator of the total cost of sending money to Spain from Colombia. The bigger the amount received in Spain, the lower the overall cost of sending from Colombia.
Getting the best exchange rate for Colombian Peso to Euro
Tracking the mid-market rate can make a huge difference when sending money COP to EUR. The exchange rate you secure impacts how much EUR you get for your COP.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from COP to EUR has seen some fluctuation. On average, it has been 0.0002.
During this period, the highest value level was 0.0002, with a low of 0.0002.
Global66, which is our recommended service to send money online from Colombia to Spain offers an exchange rate that is only -4.01% above the mid-market rate.
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Payment methods for Colombia to Spain transfers
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain and Colombia.
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 from Colombia to Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send COP to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.