Ecuador, also officially known as Republic of Ecuador is a country in South America. Its official language is Spanish and currency is US dollar. In 2015, Ecuador received foreign remittances of $ 2.38 billion. Most of this amount was sent from the United States and Spain.
If you want to send money to Ecuador, you will get many options from leading international money transfer services. You should choose one after checking reviews and comparing with others. You can easily explore and compare money transfer services to send remittances to Ecuador on a platform like ExchangeRateIQ.
ExchangeRateIQ is a unified search and compare platform for international money transfer. Side by side comparison of remittance providers in terms of exchange rate, fees, transfer time and offers is provided in quick and easy steps. Thus it can save you lots of time and money for money transfer to Ecuador.
Current Exchange Rate(Mid Market) :- 1 USD/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.