Sending money to the United Kingdom is very easy, just like sending money to anywhere else in the world . If you need to send money to the UK, you will have access to many great options and the best deals on the market. All the options have been manually reviewed by MoneyTransfers.com, so you use only the best ones out there.
The current exchange rate for the British Pound (GBP) is 0.7983 GBP per American Dollar (USD) as of now. The GBP reached a high of 0.8319 GBP per USD and a low of 0.7843 GBP per USD during the last 90 days. The average exchange rate for the last 90 days was 0.8092 GBP per USD.
The GBP had an average volatility rate of 0.47% for the last 90 days. This is a fairly high volatility rate, and the GBP has been fluctuating significantly for some time now. Fluctuations have slowed down during the last month, but you can reasonably expect moderate fluctuations to continue going forward, barring any unforeseen circumstances.
The fastest way to transfer money to UK is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its British destination in a matter of minutes. When it comes to cost efficiency, Ria Money Transfer’s fast option is far superior to much of its slower competition. In the end, their fast option is quite a good deal.
The cheapest way to send funds to the UK is through OFX. With OFX, you and the recipient get to keep the largest portion of the money. OFX is an international currency conversion service that also sends money. As such, they don’t charge any upfront, stated fees, and their currency conversion rates are the best on the market.
OFX carries a minimum transfer size requirement which is much higher than the competition’s. This is the only catch you can expect from OFX, however, The company charges you a small percentage based on the amount of money you send in a single transaction. The more money you send at once, the smaller the percentage OFX takes from the transaction.
The easiest way to send money to UK is through TransferWise. TransferWise is a peer-to-peer money transfer service that makes sending money easy. Their platform is very easy to use, and the process by which you send money can be broken down into simple steps:
OFX is the overall best way for sending money to the United Kingdom. OFX offers you a great balance between cost and general efficiency. They offer you the cheapest deal you can find for sending money to UK, but their platform is also quite easy to use. OFX waiting times are typically one or two days, but for the UK you can reasonably expect a transfer to be completed within one day most of the time.
If you're looking to send money elsewhere, OFX is great for: