Unfortunately, sending money to Yemen from abroad is quite difficult. This is due to a combination of the current conflict inside Yemen, as well as a currency conversion situation which doesn’t leave you with as many international money transfer companies as you’d otherwise have.
The current exchange rate for the Yemeni Rial (YER) is 250.033694 YER per American Dollar (USD) as of the time this was written. The YER reached a high of 250.1670 YER per USD and a low of 250.0337 YER per USD during the last 90 days. The 90-day average exchange rate was 250.0945 YER per USD.
The YER had an average volatility rate of 0.14% against the USD for the last 90 days. This is a low volatility rate, and the YER has demonstrated slightly less stability during the last 30 days. Going forward, it is difficult to predict currency conversion rates as developments inside Yemen could change the rates at any moment. You can reasonably expect low-normal fluctuations in exchange rates to continue, barring any unforeseen circumstances.
The fastest way to send money to Yemen is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Yemeni destination in a matter of minutes. The deal offered by Ria Money Transfer is even better when you consider that most of their slower competition is actually more expensive to use. For this reason, Ria Money Transfer’s fast option is also a well-rounded deal.
The cheapest way to send money to Yemen is through XE. XE is a currency conversion company that also allows you to send money using their platform. XE offers rates that are very low, and it is your cheapest option if you need to send money to Yemen.
The easiest way to send money to Yemen is through Payoneer. With Payoneer, you can transfer money to a phone/ mobile bank account, and money can be withdrawn fairly easily this way. There are also plenty of other options, such as sending money to the recipient’s debit card so that once they receive the money they can withdraw it right away. Payoneer is also one of the most commonly available services, and it can be found and used in almost every country in the world. Convenience and accessibility at decent rates are what Payoneer can offer you.
The overall best way to send money to Yemen is through Ria Money Transfer. For the sake of getting a better (faster) deal, we recommend using their fast option. Ria Money Transfer’s fast option gives you a great balance between cost and speed. If you are in less of a rush and would prefer cheaper rates, their slow option is also ok. With Ria Money Transfer, you have a service that is fairly accessible and generally well-rounded.
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