Whatever your reason for sending money to Latvia, Compare Money Transfer will make your currency transfer as straight forward and cost effective as possible.
Currency for Latvia
The Latvian Lat (LVL) is the official currency of Latvia which is divided into 100 Santims.
Send Money Transfer to Latvia
Are you buying a property in Latvia and want to pay in local currency? Do you have a business offshore unit in Latvia and need to send money to Latvia to meet the expenses of your branch office? Are your loved ones staying in Latvia and you need to send money to them on monthly basis? Are you procuring your raw materials from Latvia and need to send money to your suppliers in local currency? Don’t worry, today you have so money options to send money to Latvia. You will not have to depend just on the high street banks anymore. Using a high street bank may be one of the safest options for money transfer to Latvia but it is certainly not the cheapest way to send money to Latvia.
Why are high street banks not the cheapest way to send money to Latvia? The first factor that makes money transfer to Latvia through high street banks more expensive is the poor foreign exchange rates.
You will get the lowest possible exchange rates with your high street banks. When it comes to currency exchange rates, even a minor variation will make a lot of difference when the entire value of the funds transferred is taken into consideration.
The second factor that makes your money transfer to Latvia more expensive is improper timing or lack of right timing in sending funds to Latvia. High street banks are not going to be waiting on your transfer for the opportune time to transfer funds when you get the best exchange rates. So you cannot expect any personal attention to your money transfer needs with the high street banks.
Thirdly, when you use a high street bank to send money to Latvia, it will be highly time consuming. If you have any urgent money transfer needs, then high street banks give no guarantee for the fast transfer of money.
Added to that high street banks will charge you a considerable amount of money on processing fees, transfer fees, exchange commissions etc. All these make money transfer to Latvia through high street banks highly expensive.
You can save yourself from all these unnecessary charges and at the same time enjoy good customer service using foreign exchange services. You will also be able have fast funds transfer to Latvia at no additional cost when you make use of foreign exchange services. Very often people that use high street banks end up in frustration as they get very little or no attention from their high street banks.
On the other hand foreign exchange services give you premium services at just a fraction of the cost that you will be spending at your high street banks to transfer funds to Latvia.
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