Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's LYD to DKK (Libyan Dinar to Danish Krone) exchange rates

Libya
Faroe Islands
LYD

Interbank Exchange Rate: 1 LYD = 1.0038 DKK
Updated about an hour ago

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All you need to know about Libyan Dinar to Danish Krone money transfers

Easily compare money transfer providers in one place to send money from Libya to Faroe Islands. Send money overseas to your loved ones by comparing Libyan Dinar (LYD) to Danish Krone (DKK) 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.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Libya.

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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.

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.


Latest LYD to DKK Conversion Rates

Here are some latest LYD to DKK (Libyan Dinar to Danish Krone) exchange rates for popular conversion amounts*.

1 LYD1.00 DKK
5 LYD5.02 DKK
10 LYD10.04 DKK
25 LYD25.10 DKK
50 LYD50.19 DKK
100 LYD100.38 DKK
150 LYD150.57 DKK
200 LYD200.76 DKK
250 LYD250.95 DKK
300 LYD301.14 DKK
400 LYD401.52 DKK
500 LYD501.90 DKK
600 LYD602.28 DKK
700 LYD702.66 DKK
800 LYD803.04 DKK
1,000 LYD1,003.80 DKK
1,500 LYD1,505.70 DKK
2,000 LYD2,007.60 DKK
2,500 LYD2,509.50 DKK
3,000 LYD3,011.40 DKK
4,000 LYD4,015.20 DKK
5,000 LYD5,019.00 DKK
10,000 LYD10,038.00 DKK
15,000 LYD15,057.00 DKK
20,000 LYD20,076.00 DKK
30,000 LYD30,114.00 DKK
40,000 LYD40,152.00 DKK
50,000 LYD50,190.00 DKK
100,000 LYD100,380.00 DKK

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


What's the best way to do Libya to Faroe Islands money transfers?

There are many good choices when it comes to sending money from Libya to Faroe Islands. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Libyan Dinar to DKK money transfers.

We compare different remittance companies to bring you the best options to send money to Faroe Islands from Libya. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Libyan Dinar to Danish Krone money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best remit rate for transferring money from Libya to Faroe Islands?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Faroe Islands from Libya. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your LYD to Danish Krone money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Libya to Faroe Islands corridor to give you more good choices for your next DKK money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Faroe Islands from Libya?

When you want to send money to Faroe Islands from Libya, you obviously want the cheapest possible option to maximize the money your recipient gets in Danish Krone. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your LYD to DKK money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Libya to Faroe Islands. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Libya to Faroe Islands exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Danish Krone overseas.


Should I use my bank to send money from Libya to Faroe Islands?

We do not recommend using your local bank in Libya for your next LYD to DKK 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 Libya to Faroe Islands (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 DKK to Faroe Islands. These companies will let you use your local bank account in Libya to pay for your Faroe Islands money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Libya to Faroe Islands fast?

The speed of your Libyan Dinar to Danish Krone funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert LYD to DKK. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Faroe Islands from Libya is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Faroe Islands if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout DKK into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Libya bank to Faroe Islands bank transfer.


Which are the best money transfer companies to send money to Faroe Islands from Libya?

Since the Libyan Dinar to Danish Krone 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 Libya that may also be able to send money to Faroe Islands. 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 LYD to DKK money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Faroe Islands gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Libya to Faroe Islands transaction.


Step by step guide to send money from Libya to Faroe Islands

With so many possible ways to transfer Libyan Dinar to Danish Krone, 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 Libya to Faroe Islands 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 Libya and the receiver in Faroe Islands. 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 LYD to Danish Krone money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.