Question 1

What's the best way to send money from Latvia to Ethiopia?

Accepted Answer

Sending money internationally to Ethiopia from Latvia 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 Euro to ETB 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 Ethiopia. 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 Ethiopian Birr.

Question 2

How to get the best rate to transfer money to Ethiopia from Latvia?

Accepted Answer

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Latvia to Ethiopia transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Ethiopian Birr international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Ethiopian Birr exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.

Question 3

What's the cheapest way for transferring money to Ethiopia from Latvia?

Accepted Answer

The final amount your recipient gets when you send EUR to ETB 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 Latvia to Ethiopia 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 Ethiopian Birr 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 Euro to Ethiopia 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.

Question 4

Should I use my bank to send money from Latvia to Ethiopia?

Accepted Answer

We do not recommend using your local bank in Latvia for your next EUR to ETB overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Latvia to Ethiopia (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending ETB to Ethiopia. These companies will let you use your local bank account in Latvia to pay for your Ethiopia money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money to Ethiopia from Latvia fast?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Latvia to Ethiopia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to ETB. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Ethiopian Birr. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Latvia to Ethiopia money transfers.

Question 6

Which are the best money transfer companies to send money to Ethiopia from Latvia?

Accepted Answer

Since the Euro to Ethiopian Birr 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 Latvia that may also be able to send money to Ethiopia. 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 EUR to ETB money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Ethiopia gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Latvia to Ethiopia transaction.

Question 7

Step by step guide to send money from Latvia to Ethiopia

Accepted Answer

With so many possible ways to transfer Euro to Ethiopian Birr, 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 Latvia to Ethiopia 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 Latvia and the receiver in Ethiopia. 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 EUR to Ethiopian Birr money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.

1 EUR	179.23 ETB
5 EUR	896.13 ETB
10 EUR	1,792.26 ETB
25 EUR	4,480.65 ETB
50 EUR	8,961.30 ETB
100 EUR	17,922.60 ETB
150 EUR	26,883.90 ETB
200 EUR	35,845.20 ETB
250 EUR	44,806.50 ETB
300 EUR	53,767.80 ETB
400 EUR	71,690.40 ETB
500 EUR	89,613.00 ETB
600 EUR	107,535.60 ETB
700 EUR	125,458.20 ETB
800 EUR	143,380.80 ETB
1000 EUR	179,226.00 ETB
1500 EUR	268,839.00 ETB
2000 EUR	358,452.00 ETB
2500 EUR	448,065.00 ETB
3000 EUR	537,678.00 ETB
4000 EUR	716,904.00 ETB
5000 EUR	896,130.00 ETB
10000 EUR	1,792,260.00 ETB
15000 EUR	2,688,390.00 ETB
20000 EUR	3,584,520.00 ETB
30000 EUR	5,376,780.00 ETB
40000 EUR	7,169,040.00 ETB
50000 EUR	8,961,300.00 ETB
100000 EUR	17,922,600.00 ETB

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