Sending money to Tonga is not particularly easy. If you need to send money to Tonga, you will have fewer options than you’d find in most other countries. Regardless, there are still many great options available to you and you should find a service that lines up with your needs here at MoneyTransfers
The current exchange rate for the Tongan Pa’anga (TOP) is 2.25865 TOP per American Dollar (USD) as of the time this was written. The TOP reached a high of 2.2715 TOP per USD and a low of 2.2587 TOP per USD during the last 90 days. The 90-day average exchange rate for the TOP was 2.2639 TOP per USD.
The average volatility rate for the TOP against the USD was 1.54% for the last 90 days. This is an extremely high volatility rate, and the TOP has been fluctuating unpredictably for a long time. Furthermore, the situation has grown worse in recent weeks. You can reasonably expect significant and unpredictable fluctuations in exchange rates to continue, barring any unforeseen circumstances.
The fastest way to send money to Tonga is through Western Union’s fast option. With Western Union’s fast option, your money should reach its Tongan destination in a matter of minutes. Western Union is also one of the most popular money transfer services in the world, and they allow you to choose how your money will be received at the destination.
The only drawback to Western Union is that it’s quite expensive. When you compare their fast option to the competition, you are spending significantly more with Western Union.
The cheapest way to send money to Tonga is through WorldRemit. With WorldRemit, you pay low fees across the board. This means that both their upfront fees and their hidden currency conversion costs are quite low. They also offer you another service which is available in almost any country in the world.
Payoneer offers you the easiest way to send money to Tonga. With Payoneer, you have several options for sending money. We recommend you use Payoneer to send money to the recipient’s debit card, which offers greater convenience and security when compared to other methods. With this method, the recipient can withdraw the money right away upon the transfer’s completion.
WorldRemit is the overall best way to send money to Tonga. WorldRemit offers the most excellent balance between speed, cost, and ease of use. WorldRemit doesn’t charge much when you send money to Tonga, and it also gives you more options. Mobile money is fairly popular in Tonga, so if the recipient has a Digicel mobile money account, it can be linked to your WorldRemit account very easily. Wait times aren’t as predictable with WorldRemit, but they usually complete transfers within a few hours.
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