Sending money to Sri Lanka can be very simple if you choose the right method, just like with any other country. Fortunately, there are several great options to choose from. If you are looking for a well-rounded options or one with specific benefits, you will find what you are looking for here at MoneyTransfers.com.
The current exchange rate for the Sri Lankan Rupee (LKR) is 177.0750 LKR per American Dollar (USD), as of the time this was written. During the last 90 days, the LKR reached a high of 180.0504 LKR per USD, and a low of 175.5750 LKR per USD. The average exchange rate over the last 90 days was 176.6073 LKR per USD.
The average volatility rate of the LKR against the USD was 0.26% over the last 90 days. This is a normal volatility rate, and the LKR has been stabilizing in recent months. Going forward, you can reasonably expect moderate fluctuations to continue, barring any unforeseen circumstances.
Ria Money Transfer’s fast option is the fastest way to get your funds. The best part about their fast service is that it is cheaper than much of the slower competition. With Ria Money Transfer’s fast option, your money will arrive in Sri Lanka within a matter of minutes.
The downsides to Ria Money Transfer are that the service is not the easiest option to use, and the faster option is not the cheapest. That being said, Ria Money Transfer’s fast option is a great balance between cost and speed. Again, many of the slower money transfer services cast far more than Ria Money Transfer.
The cheapest way to send money online is through TransferWise. TransferWise only charges a stated fee. In fact, TransferWise is one of the very few services that forgoes on hidden currency conversion costs altogether. When you use TransferWise, you only have to pay them for the ability to complete the transaction.
The easiest way to send money is also TransferWise. TransferWise uses a three-step process that can be learned and repeated easily. All you need to do is tap in how much money you need to send and the destination. After that, you just complete the payment to TransferWise and the rest is up to them. It should only take a day or two for your money to reach its Sri Lankan destination.
TransferWise is the overall best way to send funds online to Sri Lanka. With TransferWise, you get an ideal balance between cost, ease of use, and time all in one. While TransferWise does take a day or two to work, it’s a great value given the price and simplicity of the service. For these reasons, TransferWise is the overall best way to transfer cash online.