What is the Remitly Send Money conversion rate for EUR to USD?
The Remitly EUR to USD exchange rate is 1.1177. This is -2.5% compared to the latest EUR-USD mid-market rate 1.1463.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare euro (EUR) to US dollar (USD) rates from different sources before making a conversion.
The above Remitly - Euro to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Remitly and other foreign exchange providers against the latest EUR-USD mid-rate and the possible savings of using various providers.
How do Remitly EUR-USD rates compare between providers?
Looking at the full EUR to USD - Send Money comparison table the provider with the best EUR to USD exchange rate is OFX at 1.1429, -0.3% from the latest mid-market rate 1.1463.
The next best is XE at 1.1395, -0.59% from the mid-rate.
Then Wise at 1.1341, which is -1.1% from the mid-rate.
The Western Union rate is 1.1292 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like Remitly or platforms that offer rates closer to the mid-market rate.
