El Salvador is the smallest and most densely populated country in Central America. The official language of El Salvador is Spanish and currency of the country is US Dollar (USD)
El Salvador receives highest remittance per capita in the region. Remittances sent to family back in El Salvador by the Salvadorans working in USA is a major source of foreign income of the country. It accounts for approximately 16 % of the national GDP. In 2015, El Salvador received $ 3.9 billion from USA.
Salvadorans working in USA, get many options to send money to El Salvador. They can explore them and compare them at a single platform - ExchangeRateIQ. You can explore various money transfer services to transfer money to El Salvador and compare them for exchange rate, fee and transfer time and check their special offers to get the best deal.
ExchangeRateIQ also lists reviews of remittance providers to help you decide the most reliable and safe option to send your hard-earned
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.