How to send money to Zambia from Spain with the best EUR-ZMW rate

The exchange rate determines the price you’ll pay for Zambian Kwacha when sending Euro to Zambia.

The rate between the Euro and Zambian Kwacha is currently 27.0853. Revolut offers the best exchange from EUR-ZMW.

The EUR-ZMW exchange rate is always moving.

Sometimes, waiting a day or two can help you get more ZMW for the same amount of Euro. Using a forward contract that also allows you to lock in an agreed exchange rate between Spain and Zambia.

Sending money via a bank transfer is the recommended option for sending money from Spain to Zambia.

The company offering the best bank transfer price is Revolut.

This bank transfer to Zambia is 0% cheaper than the second-best option in the market.

Spain and Zambia have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between Spain and Zambia.

Some services between Spain and Zambia have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Zambia as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Zambia, use Revolut. The combination of rates and fees when sending from Spain to Zambia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Spain, or entering Zambia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Zambian Kwacha in Zambia. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Spain to Zambia will offer every method for incoming Zambian Kwacha, so it’s best to check ahead of time.

One of the more common ways to transfer from Spain into Zambian Kwacha is directly into a bank account. Revolut is the best company for bank transfers between Spain and Zambia.

And if you need cash right away, check if cash pickup is an option for transfers between Spain and Zambia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

When signing up to and sending Euro to Zambia, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Spain this will be a government issued ID such as a passport or driver's license. In Zambia it will be similar, although this should only be needed if you are opening a new account in Zambia, or collecting in cash. Sending to an existing bank account in Zambia shouldn’t require any additional ID checks.

Large transactions between Spain and Zambia, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Revolut has scored so highly for transfers to Zambia is their easy sign up process in Spain.

When sending large amounts of money between Spain and Zambia there will potentially be a tax declaration to consider.

Some transfers into Zambian Kwacha may need to be reported to tax authorities in Zambia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Zambia based on age, income and a few other elements. When in doubt, please contact a tax professional in Spain or Zambia to discuss your personal circumstances.