Money Transfers to Yemen

Currency Solutions
FCA Regualted: Not FCA Regulated
Margin Rate: 1%
100,000 gets you: 99,000 YER
Excel Currencies
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
100,000 gets you: 99,300 YER
KBRFX
FCA Regualted: FCA Regulated
Margin Rate: 0.3%
100,000 gets you: 99,700 YER
Adam and Company Bank
FCA Regualted: FCA Regulated
Margin Rate: 6%
100,000 gets you: 94,000 YER
The Bank of East Asia
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 YER

High inflation in Yemen
The inflation rate in Yemen is very high and as a result many people who wish to transfer money to Yemen will do so when the exchange rate is good. By doing this you can ensure that your recipient in Yemen will receive more money. While there is little you can do about the rate of inflation within a country, you can keep an eye on the exchange rate and ensure that you take full advantage when this is more generous. So how can you do this quickly and easily from home?

Use a currency converter for Yemen
One way to get the very best exchange rate is to use a currency converter. These can easily be found online and are totally free of charge to use. They reflect the most recent exchange rate for any foreign currency, including the Yemen Riel so you know exactly how much your recipient will be getting. It takes a matter of moments to see the currency rate Yemen Riel are following, simply enter the amount of money you wish to send to your recipient (in your own currency) and the converter will do the rest for you.

Yemen money transfers risks
By arranging a money transfer to Yemen you are helping your recipient to avoid any risks. These can occur when trying to exchange foreign currency in Yemen. The state itself is very unstable so it makes more sense to send money directly to your recipient rather than having them exchange money themselves.