Discover how to make a money transfer to Paraguay with the best PYG exchange rate in four easy steps
Even though the currency market is unpredictable, it is a good idea to monitor it so that you can optimize how many the recipient will get. You can take advantage smart alerts to monitor the evolution of the mid-market.
Pick money transfer service with the overall most competitive cost, the fastest solution, best customer ratings, or a good combination of the three.
It is also interesting to take into account the options to pay for the transfer and receive the money. Local bank transfer, debit and/or credit cards are the most common payment options to send money to Paraguay online. On the recipient's side in Paraguay, look at different options if you need the converted amount to be deposited on a local bank account or available for pick-up in cash at an agent location.
The last step is to sign up on the money transfer provider's homepage (you most of the time have to provide some documents to confirm your identity), and provide the details of your money transfer to Paraguay.