About USD and MMK

Myanmar is a small country located in the South-Eastern part of Asia. It is a trading center and home to some of the most bustling markets in Asia. Despite this, the available money transfer options in this country are less hence limiting the amount of money transferred to the subject country.

However, there is still a need for money transfer from the United States to Myanmar for different reasons. It is therefore important to ensure that you know the latest transfer options available, their rates, fees, and duration. This will help you make an informed judgement on which mode of money transfer to use. All this information is available here at Exchange Rate IQ.

Best way to send money from US to Myanmar

Most banks and money transfer agencies have not integrated the transfer of money to Myanmar from US even after the US government eased its economic sanctions. Other alternatives can enable you to transfer money from the US to Myanmar. They include:

Online Money Transfer Companies

Such include XE Money Transfers and Ria that offer quick transfers through your phone or computer provided you are connected to the internet and the money you need sent is available.

Travelex: Travelex has been offering their services by enabling easy money transfer from the US to Myanmar. It guarantees a duration of 10 minutes or less for the money to reach its pick-up point.

Western Union: Western has its agents located worldwide. Myanmar is not an exception. It operates an extensive branch of its network throughout Myanmar, thus a reliable way of transferring money from the US to Myanmar.

4 things to consider before sending money from the US to Myanmar

There are some things that you need to consider before choosing a transfer option while sending your money from US to Myanmar. Some of them are:

1. Processing time: You should consider the amount of time it takes for your recipient to receive money in Myanmar from the moment you send it. This is based on your level of urgency and also the hours of operations at each pick-up location. 


2. Minimum/maximum limit: Most money transfer institutions have a minimum and maximum transfer limits. You need this information with regards to how much you need to transfer.


3. Exchange Rates: The money transfer company that offers the exchange rate close to the baseline rate published by the mid-market is the best option to go for. Here at Exchange Rate IQ, we have researched on the rates for changing US dollars into Myanmar Kyats that will save you some extra fees when making your transfer.


4. Customer Service: As always advised, you need to find a company that gives you support and follows up with transfer via phone, mail, and chats or any other reliable means of communication.