While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Hope this helps and feel free to reach out to us again for further assistance.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Observe the fluctuations of exchange rates more frequently days before you exchange your money. Kindly note that exchange rates vary on a daily basis, the rate today may differ from the rate tomorrow. Also, it’s important to check the exchange rate beforehand to maximize the funds to be exchanged. Take note of any reference or tracking numbers should any transaction delays come up during the transit. Just a quick reminder when sending money – read through the transfer process of the provider such as transfer fees, transfer options and transfer speed to set expectations for the receiver. In the meantime, I highly suggest finding local money transfer providers in Libya. It’s helpful to know that at this time, Sendwave is only available in Kenya, Uganda, Ghana, Nigeria or Tanzania. It’s good to know that you are looking to use Sendwave to transfer money. Sendwave makes a profit from the difference of 201 KES - or about $1.54. Here’s what that looks like when sending $100: Yet when you transfer through Sendwave, 1 USD is worth 128.07 KES. To give you an idea of what you could pay on the exchange rate, here are Sendwave’s advertised exchange rates as of March 17, 2023.Īccording to the mid-market rate, 1 USD is worth 130.08 Kenyan shilling (KES). Sendwave’s exchange rates and feesĭepending on your recipient’s currency, you’ll see a spread on the mid-market rate that appears to top out at about 4.1%. With Sendwave, you cut out the fee altogether and only have to worry about the exchange rate. Keep in mind that big players like Western Union and MoneyGram make money on both exchange rate spreads and fees that can be higher for specific types of transactions, like paying with your debit card. Instead, it makes money by offering you slightly worse than the mid-market rate more info button when you exchange currency. You sign up for the app, enter sending and payment details and then send money at your leisure. Sendwave works by allowing you to send money from a debit card to select countries abroad. Sendwave transfers must be sent through your phone, transfers cannot be sent through the Sendwave website. Sendwave only accepts payment by debit card when sending from the US. Sendwave is only available for transfers to around 20 countries countries in Africa, Asia and the Americas. All international money transfer services.
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