How to send money to Paraguay
Discover how to transfer money to Paraguay at the most competitive cost in four easy steps
1. Check if the Paraguayan guaraní mid-market rate is in your favor
Even though the currency market is impossible to predict, it can help you save money to keep an eye on it to optimize how many the recipient of your transfer will receive. Track the evolution of the Paraguayan guaraní exchange rate and convert your money at a favorable moment.
2. Compare the 7 companies sending money to Paraguay and select the best deal.
We compare quite a few money transfer companies to make money transfers to Paraguay, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Selecting the most competitive service from the list is a sure way to save money.
3. Select the best service based on your criteria
Do you want to transfer money to Paraguay at the lowest overall cost, with the fastest option or with the top rated company?
In addition, you may want to take into account the pay-in and pay-out options. Providers often give you the option to pay for your transfer by sending the money from your e-banking or by credit or debit cards. In Paraguay, look at different options if you need the money to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your money transfer with the money transfer provider you selected
Visit the provider's website to register (you normally have to upload some documents to prove your identity), and set upyour transaction.