Cheapest way to send money to Sudan - Fees and Charge Rates

TorFX
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
100,000 gets you: 99,300 SDG
Transferwise
FCA Regualted: FCA Regulated
Margin Rate: 3%
100,000 gets you: 97,000 SDG
Baydonhill FX
FCA Regualted: FCA Regulated
Margin Rate: 1.5%
100,000 gets you: 98,500 SDG
Currencyfair
FCA Regualted: FCA Regulated
Margin Rate: 2%
100,000 gets you: 98,000 SDG
HSBC Currency Transfer
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 SDG

Send money to Sudan from London

Sudan is one of the countries in Africa that has been affected by internal conflicts over the past decade. So you might think that sending money to a loved one is Sudan from the UK is a difficult procedure. However, with modern technology, it is becoming a rather easy and hustle free process.
Best ways to make a money transfer.1.Through banks. These is by far the most reliable option to take if you want to send money to Sudan. A lot of banks in the UK and other European countries offer money transfer options to Sudan. So visit your local bank to find out the available means for making the transfer.
2.Money transfer companies. These are established companies that have acquired recognition by their ability to safely facilitate money transfers between different countries across the world. So these too provide easy cash transfer to Sudan.
Types of options to send money. Through the banks, there are a couple of options that you can use for a cash transfer to Sudan. These are;. Online banking-you can transfer cash online from your account to the recipient in Sudan provided you have their account numbers.
ii. Money orders-you can purchase this from your local bank, fill it out and have it mailed to the recipient. He will then go cash it in.
Through the money transfer companies, you can either use;i. Western union-this requires the personal details of the recipient in Sudan.
ii. Paypal-this requires that the person receiving the funds also has an active Paypal account.
Restrictions on receiving money. There aren't any restrictions on receiving money in Sudan as the banks and money transfer companies are independent organisations.
Restrictions on sending money.
Some banks and money transfer companies have a minimum cash transfer amount of $500.
Process to send money. For the banks you can either visit the bank personally to request the transfer of cash to Sudan or you can initiate the transfer over the phone.
For western union you have to physically go to their offices whereas to send money to Sudan on Paypal, all you have to do is go online.
Economic trend of Sudan. The economy of Sudan has been suffering due to the ongoing conflicts in the country.
A recent change of power was seen to be a positive step forward.However, the economy is still struggling to grow because the internal conflicts over the country's scarce resources are still ongoing. It might be a while before the economy of Sudan recovers properly.
Main bank. The Central bank of Sudan is the main bank in Sudan.
It was put up just about four years after Sudan had achieved it's independence and has been the main bank of the country since then.
Sudan may be a country with many problems that are yet to be resolved. However, as we can clearly see money transfer is not one of them.

Transfer from Sudan to UK

Never exchange money on the black market in Sudan?
Everyone knows that it is not advised to exchange money on the black market. In Sudan this advice should certainly be heeded. This is due to the fact that there are very severe penalties that will be imposed for anyone who is caught exchanging money on the black market. So to make sure that your recipient is behaving legally you should transfer money to Sudan instead.

ATMs are unreliable in Sudan?
In Sudan there has been a lot conflict which means that some methods of obtaining money are unreliable and therefore should be avoided. ATMs in particular are not to be relied on so a money transfer to Sudan is a much better option for you and your recipient. When you do this you will know that your recipient will get their money and they will not have any problem in doing so.

Currency rate will vary in Sudan?
Like every currency around the world the Sudanese Pound (SDG) will often have a different rate of exchange every day. To stay up-to-date with this you can look at the currency rate Sudan currently follows on any given day by using an online currency converter. There is no limit to the amount of times you can convert money into the Sudanese Pound from your own currency. You may even want to wait and take your time until the currency rate is excellent before you set up your transfer as your recipient will be able to receive much more money.