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Tuvalu

Sending money to Tuvalu has been made as easy as sending money anywhere else, thanks to a few money transfer services available.

Jonathan Merry
Author 
Jonathan Merry
3 minutes
March 17th, 2023
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What Ways Can I Send and Receive Money in Tuvalu?

You’ll be able to make a money transfer to or from Tuvalu in the following ways.

Ways to Send Money to Tuvalu

You can send money to Tuvalu by:

  1. Money Transfer Provider: The cheapest and quickest way to send money is usually to use a money transfer provider

  2. Direct Wire Transfer: You’ll also be able to send it directly via wire bank transfer, but this way can take longer and cost more

  3. International Money Order: You may choose to send an international money order, but these aren’t always available and they often come with limitations

Ways to Receive Money in Tuvalu

You can receive funds in Tuvalu through:

  1. A Bank Deposit: The money will be sent straight to your bank account, but it may take some time to access and withdraw it

  2. A Mobile Wallet: You can also receive money in an electronic wallet on your mobile phone, where it will often be available immediately

  3. Cash Pickup and Delivery: You might want to arrange a cash pickup from a local agent, while some places also have a system for door-to-door cash delivery

Current Exchange Rates for Tuvalu

The current exchange rate for the Tuvaluan Dollar (TVD) is TVD per American Dollar (USD) as of the time this was written. The TVD reached a high of TVD per USD and a low of TVD per USD during the last 90 days. The average exchange rate for the last 90 days was TVD per USD.

The average volatility rate for the TVD against the USD was 0.35% for the last 90 days. This is a moderate volatility rate which follows the long term behavior of the TVD. You can reasonably expect moderate fluctuations in the exchange rates to continue going forward, barring any unforeseen circumstances.

What’s the Fastest Way to Send Money to Tuvalu?

The fastest way to send money to Tuvalu is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Tuvaluan destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers take longer. The main downside to Western Union’s fast option is the fact that it is more expensive than most of the competition. You can always expect to pay more with Western Union.

What’s the Cheapest Way to Send Money to Tuvalu?

The cheapest way to send money to Tuvalu is through Wise. Wise charges a stated, upfront fee which can appear slightly high. The real savings come from the fact that Wise is one of the very few services which doesn’t charge any hidden currency conversion markup. You always know how much you’re paying with Wise, which is another added benefit. In the end, Wise is the cheapest option for sending money to Tuvalu.

What’s the Easiest Way to Send Money to Tuvalu?

The easiest way to send money to Tuvalu is also through Wise. Wise makes sending money to Tuvalu exceptionally easy. After you set up your account, all you need to do is follow these simple steps:

1) Tap in the amount of money to be sent

2) Tap in the destination

3) Pay Wise for the transaction.

4) Wait one or two days for the funds to arrive at their Tuvaluan destination

What’s the Overall Best Way to Send Money to Tuvalu?

It should be no surprise that Wise also offers you the overall best way to send money to Tuvalu. Wise is the best option because they offer the best-rounded deal, which is good for many different situations. Their waiting times are moderate at one or two days, but the rates they charge and the platforms they offer are the areas where Wise shines. When ease of use, cost, and speed are all considered, Wise is the best option for sending money to Tuvalu.

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Contributors

Jonathan Merry
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