Whatever your reason for sending money to Iran, Compare Money Transfer will make your currency transfer as straight forward and cost effective as possible.
Currency for Iran
The Iranian Rial (IRR) is the official currency of Iran which is divided into 1000 Tumon.
Send Money Transfer to Iran
When you are purchasing a real estate property in Iran, you will have to remember that you will be paying the money in foreign currency and if you choose the wrong medium through which you can send money to Iran, then it will be a great loss as you will be losing a lot of money in the currency exchange. When you select high street banks to send money to Iran, you will actually be losing a lot of money, as they will be charging a lot of money as transaction fee.
These extra bills will add-on to your actual bill amount and you will be forced to pay extra for the property. This will increase the value of the property and will be no use bargaining and reducing cost.
There are several reasons why people should use foreign exchange brokers to send money to Iran rather than high street banks. The first and the most important reason is the high exchange rate that is offered by foreign exchange brokers. This rate certainly cannot be matched by high street banks, as they do not do currency exchange in wholesale rates. When you use foreign exchange brokers, you will not have to pay commission and there will be no other hidden charges.
You will only have to pay a flat fee that will be much lesser than the bill produced by high street banks. Moreover, the currency transfer services that are offered by foreign exchange brokers are also very quick when compared with the time taken by high street banks to complete a transaction.
If you are a person who expects personal attention, then using foreign exchange brokers to send money to Iran will be the best option as they are more customer friendly. You will not have to know anything about the procedures and formalities when you use foreign exchange brokers, as they will be having experts to guide you at every stage of the process.
Also, when the transaction that you are going to do is going to take a long time or when you are uncertain about the change in the market rates, you can use the forward contract option offered by foreign exchange brokers and fix the currency rate for sometime.
This will help you in planning your budget and you can be sure that there will be no increase or change in the currency rate. Regular payment plans are also available, in which you can again fix the rates for up to two years.
This option will be very useful for those who send money regularly to Iran in the form of pension or for mortgage payment, etc. You too can benefit by using the currency transfer services offered by foreign exchange brokers by using the information available in our website to find the best foreign exchange broker.
Compare Money Transfer
Compare rates from personal money transfer providers
Compare rates from business money transfer providers
Compare rates for making regular payments abroad
Find savings by comparing bank exchange rates
Copyright 2006 - 2013 Compare Money Transfer Ltd : All Rights Reserved