What is the Remitly Send Money conversion rate for USD to EUR?
The Remitly USD to EUR exchange rate is 0.8505. This is -2.5% compared to the latest USD-EUR mid-market rate 0.8723.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to euro (EUR) rates from different sources before making a conversion.
The above Remitly - Dollar to Euro 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 USD-EUR mid-rate and the possible savings of using various providers.
How do Remitly USD-EUR rates compare between providers?
Looking at the full USD to EUR - Send Money comparison table the provider with the best USD to EUR exchange rate is OFX at 0.868, -0.49% from the latest mid-market rate 0.8723.
The next best is Wise at 0.8677, -0.53% from the mid-rate.
Then XE at 0.8671, which is -0.6% from the mid-rate.
The Western Union rate is 0.8592 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 0.7879 at -9.7% the Wells Fargo Bank rate is 0.7827 at -10.3% and the Citibank rate is 0.8228 at -5.7% compared to the mid-rate 0.8723.
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.
