"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Overall best option: Wise
Wise is our recommended company for sending money to Venezuela from EUR.
Of the 5 companies that support EUR to VES, Wise offered the best combination of cost and speed.
Overall, Wise appeared in 98.7% of Spain to Venezuela searches, consistently scoring as one of the best ways to send EUR to VES.
So for a great mix of cost, speed & features, send Euros to Venezuela using Wise.
How to compare deals on your Spain to Venezuela transfer
Considerations for money transfers from Spain to Venezuela
Comparing providers offering services between Spain and Venezuela, based on your specific needs is the best way to send money with confidence.
Our comparison includes 5 companies that provide the ability to send Euro to Venezuela.
This ensures you get the best options for transfers to Venezuela from Spain, based on the amount you want to send.
Cheapest way to send money from Spain to Venezuela: Wise
Data collected for transfers between Spain and Venezuela over the past six months shows that Wise is 0% cheaper than the second-best option.
This cost combines an average exchange rate between the Euro and Bolivar that is 0.2% different to the mid-market rate and an average fee of 128.75* EUR.
*The most common fee applied to EUR-VES by Wise, based on data from the past six months.
Fastest money transfers to Venezuela from Spain: Ria Money Transfer.
Through our research, we found Ria Money Transfer to be the quickest way to send EUR into Bolivar in 91.4% of instances. For fast transfers between EUR and VES, Ria Money Transfer is generally a good option.
Money transfers from Spain to Venezuela through Ria Money Transfer have an average fee of 4 EUR.
To confirm that Ria Money Transfer was the 'fastest' option we compared 5 money transfer providers for overall speed of sending money from Spain to Venezuela. This was made up of depositing Euro to a money transfer account and transfer times to Venezuela.
When sending quickly is a priority, Ria Money Transfer is our recommended choice for sending into Venezuela from Spain.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 5 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Spain to Venezuela can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to Venezuela from Spain.
Understanding the costs involved when moving money from Spain to Venezuela
The total cost of sending money to Venezuela from Spain is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for EUR-VES is 52.7706 VES per Euro.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Bolivar for your Euros.
The EUR-VES mid-market rate over the last three months has seen the Euro worth an average 40.4593 VES. Within this there has been a high of 46.5733, and a low of 38.727.
From 5 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting EUR to VES.
Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 5 providers tested, averaging 128.75 EUR per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Bolivar eventually received in Venezuela.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Venezuela, means a better overall cost of sending money from Spain.
How to find the best exchange rate for Euro to Bolivar
Timing is essential for sending money between EUR and VES. The exchange rate you secure impacts how much VES you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to VES has seen some fluctuation. On average, it stood at 40.4593.
During this period, the highest value recorded was 46.5733, while the lowest was 38.727.
Wise, which is our recommended service to send money online from Spain to Venezuela offers an exchange rate that is only 0.21% above the mid-market rate.
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Funding your Spain to Venezuela money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Venezuela and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Spain to Venezuela.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to VES.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.