Unfortunately, due to the situation on the ground and other factors such as international sanctions, sending money to Syria is quite difficult, when compared to other countries. Many countries and international bodies have placed sanctions on Syria. These sanctions have made sending money to Syria difficult to impossible depending on the country you reside in. It is your own responsibility to ensure that you are following any and all applicable regulations regarding sending money into Syria.
It should also be noted that the current civil war in Syria has had several effects which you should always be aware of. The currency conversion rates for the Syrian Pound is very stable and strong at the moment, but this could change at any time. The national currency seems to have stabilized at a very low rate after years of constant fighting. Furthermore, we would recommend that the recipient take far more caution in protecting their personal safety while receiving money. For this reason, we recommend that extreme caution is taken when conducting cash pickups. Many people have resorted to more basic, or trust-based methods of sending money to Syria. We cannot recommend that you do the same due to the risk involved. Any decision to send money through unconventional means is your own choice, for which you must accept full responsibility.
The current exchange rate for the Syrian Pound (SYP) is 514.451396 SYP per American Dollar (USD) as of the time this was written. The SYP reached a high of 514.4750 SYP per USD and a low of 514.4342 SYP per USD during the last 90 days. The average exchange rate was 514.4554 SYP per USD for the last 90 days.
The average volatility rate for the SYP was 0.02% against the USD for the last 90 days. This is an extremely low volatility rate, suggesting that the SYP has reached an extremely low point from which it cannot fall much further, and from which it cannot rise significantly. Unfortunately, it is too hard to predict currency exchange rates going forward due
The fastest way to send money to Syria is through Western Union. For the sake of expedience, we recommend you use their fast option, where available. With Western Union’s fast option, your money should reach its Syrian destination in a matter of hours or even minutes.
The cheapest way to send money to Syria is through MoneyGram. With their standard service, you can expect lower upfront, stated fees. You can also expect hidden currency conversion fees that beat the competitions.
Unfortunately, there is no truly easy way to send money to Syria. The easiest way would be through Western Union, which can help you send money to the recipient’s bank or to the recipient in the form of either cash or a check. Western Union is also the safest way to send money to Syria.
The overall best way to send money to Syria is through Western Union. Western Union still has agents in several cities inside Syria. With Western Union, you can get your money to Syria faster and in a safer manner than you would be able to with their competition. Western Union is also one of the most common money transfer services in the world, making it easier to send money through them.
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