Money Transfers to Botswana

TorFX
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
100,000 gets you: 1,339,160 BWP
Currencies Direct
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
100,000 gets you: 1,339,160 BWP
Online FX
FCA Regualted: Not FCA Regulated
Margin Rate: 2%
100,000 gets you: 1,321,628 BWP
Santander Bank
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 1,281,170 BWP
Bank of America
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 1,281,170 BWP

What is the currency of Botswana?
Obviously before you can transfer money to Botswana you need to know which foreign currency you will be sending. Botswana uses the Botswana Pula as its only unit of currency. The name Pula means rain which is quite ironic when you consider that Botswana is in the middle of a desert.

Can I check the latest currency rate in Botswana?
As well as being able to arrange a currency transfer to Botswana within minutes you can also take a look at the currency rate Botswana money is being exchanged for at any one time. Like any foreign currency the Botswana Pula’s rate of exchange will vary on a day-to-day basis. Sometimes this variation can be quite high so it really does pay to take a look at the exchange rate and tried to transfer your money when it is very good. Do this and your recipient will get much more money at their end of the transfer.

Where can money be exchanged in Botswana?
Should you wish to send travellers cheques to your recipient, and this is not really recommended as it is not as fast as a money transfer to Botswana, they will need to know where they can exchange them. Traveller’s cheques can be exchanged for money in either banks or at a bureau de change. As you would think getting to a bank or bureau de change can be very time consuming for your recipient so it is better to transfer the money directly to them.