Money Transfer to Uruguay

Western Union
FCA Regualted: FCA Regulated
Margin Rate: 4%
100,000 gets you: 96,000 UYU
FCA Regualted: FCA Regulated
Margin Rate: 1%
100,000 gets you: 99,000 UYU
Voltrex FX
FCA Regualted: Not FCA Regulated
Margin Rate: 0.7%
100,000 gets you: 99,300 UYU
Corporate FX
FCA Regualted: FCA Regulated
Margin Rate: 1.5%
100,000 gets you: 98,500 UYU
Santander Bank
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 UYU

Which currency should I send?
If you want to complete a currency transfer to Uruguay you might be confused over which currency you should send. The Uruguayan Peso (UYU) is the official currency of your required however some shops, taxi drivers and many tourist businesses will also gladly accept US dollars. However unless you are sending to a personal recipient you will need to have your currency changed into the Uruguayan Peso.

ATMs – what you need to know
While there might be an abundance of ATMs in Uruguay not all of them accept all cards. So if you are planning on sending a credit card which is prepaid you will need to choose one that is widely accepted at ATMs. If you don't do this you could find that your attempts to transfer money to Uruguay using this method come to a grinding halt. So make sure you do a little research before you obtain it prepaid credit card to send to your recipient.

Exchange rates change from day to day
You should also be aware that exchange rates can vary widely between exchanges and change on a daily basis. To get the most up to date rates you can find the most recent currency rates Uruguay charges by using an online currency converter. If you are planning on sending travellers cheques that are not in the currency of Uruguay you should send them in US dollars as these are the most widely accepted types of travellers cheques. Look out for money exchange shops and banks to complete such money exchanges.