About USD and GYD
The USD-GYD remittance is one of the highest recorded international money transfers in South America, accruing to about $176,000,000. Being the only English speaking country in South America, Guyana has developed good relations with the US, leading to easing cross border transfers between the two states.
This means that it is not only possible to send money from US to Guyana but also this remittance can be done easily and fast. Here at Exchange Rate IQ, our main aim is that you are informed on some of the best money transfer companies in the market.
3 things to consider before sending money to Guyana from US
After taking a close look at the transfer options that we have displayed to you, you have to weigh certain factors against others and see which ones suit your needs. Through this, you will know what to look for when comparing money transfer options. Your needs may change your pick often depending on time and the prevailing economic and political situations of a state. You thus have to be flexible enough to choose different transfer options based on that.
Important things to put in mind when sending money from US to Guyana include:
Exchange rate margin: It should be low to enable you to get the most out of your transfer. You have to make sure that the exchange rate you are being offered is close to the interbank rate to get the most GYD for your USD.
Cost and speed: You have to choose a service provider that is fast for your money to reach on time. Choosing a slow option may save you some fees. You, therefore, have to know when to choose a fast service provider with more fees or a slow one with the least fees.
Mode of delivery: Whether you want your money picked up as cash at a local agent or sent to a Guyana based bank account, you can narrow down to a company that has your exact delivery method.