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Compare today's IQD to USD (Iraqi Dinar to US Dollar) exchange rates

Iraq
United States
IQD
Interbank Exchange Rate: 1 IQD = 0.0008 USD
Updated about an hour ago

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All you need to know about Iraqi Dinar to US Dollar money transfers

Easily compare money transfer providers in one place to send money from Iraq to United States. Send money overseas to your loved ones by comparing Iraqi Dinar (IQD) to US Dollar (USD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Were you looking to send money from United States to Iraq instead?

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.


Latest IQD to USD Conversion Rates

Here are some latest IQD to USD (Iraqi Dinar to US Dollar) exchange rates for popular conversion amounts*.

1 IQD0.00 USD
5 IQD0.00 USD
10 IQD0.01 USD
25 IQD0.02 USD
50 IQD0.04 USD
100 IQD0.08 USD
150 IQD0.12 USD
200 IQD0.16 USD
250 IQD0.20 USD
300 IQD0.24 USD
400 IQD0.32 USD
500 IQD0.40 USD
600 IQD0.48 USD
700 IQD0.56 USD
800 IQD0.64 USD
1,000 IQD0.80 USD
1,500 IQD1.20 USD
2,000 IQD1.60 USD
2,500 IQD2.00 USD
3,000 IQD2.40 USD
4,000 IQD3.20 USD
5,000 IQD4.00 USD
10,000 IQD8.00 USD
15,000 IQD12.00 USD
20,000 IQD16.00 USD
30,000 IQD24.00 USD
40,000 IQD32.00 USD
50,000 IQD40.00 USD
100,000 IQD80.00 USD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Iraq to USA?

Sending money internationally to USA from Iraq can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Iraqi Dinar to USD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to USA. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in United States Dollar.


How to get the best exchange rate for sending money from Iraq to USA?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to USA from Iraq.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your IQD to United States Dollar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for IQD to USD remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to transfer money from Iraq to USA?

The final amount your recipient gets when you send IQD to USD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Iraq to USA used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send United States Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Iraqi Dinar to USA exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to transfer money from Iraq to USA?

Bank transfers have been a traditionally popular way to send money overseas from Iraq to USA. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the IQD to USD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Iraq bank for your USA money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money to USA from Iraq fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Iraq to USA. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert IQD to USD fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Iraqi Dinar amount reaching USA. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush United States Dollar quickly to USA, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money from Iraq to USA?

Since the Iraqi Dinar to United States Dollar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Iraq that may also be able to send money to USA. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your IQD to USD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in USA gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Iraq to USA transaction.


Step by step guide to send money from Iraq to USA

With so many possible ways to transfer Iraqi Dinar to United States Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Iraq to USA remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Iraq and the receiver in USA. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your IQD to United States Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.