Compare today's EUR to DOP (Euro to Dominican Peso) exchange rates
📈 Spain to Dominican Republic Money Transfer Snapshot Today
- Best EUR to DOP exchange rate today: DOP 69.1156, offered by Sendwave
- Number of money transfer providers compared: 6
- Exchange rate range: DOP 67.7395 to DOP 69.1156
- Potential savings on EUR 1000: DOP 1,376.10
- Number of deals and promo codes: 5
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to DOP exchange rate before providers add their margin or fees. exchange rate: 1 EUR = DOP 69.9538 (Updated about an hour ago)
See detailed Spain to Dominican Republic money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 New! Cash pickup available
📢 Special exchange rate applied for first transfer
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's EUR-DOP exchange rates mean for you
Compare today's EUR-DOP exchange rates and send money from Spain to Dominican Republic after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 6 providers that you can rely on for Spain to Dominican Republic money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Spain to Dominican Republic Providers
🥇 Sendwave with 1 EUR = 69.1156 DOP (best EUR to DOP exchange rate today).
🥈 WorldRemit offering 1 EUR = 68.8003 DOP.
🥉 XE Money Transfer & Western Union are also providing good FX rate today.
The exchange rate provided by these 6 providers ranges from DOP 67.7395 to DOP 69.1156. For a EUR 1000 money transfer from Spain to Dominican Republic, that could mean up to DOP 1,376.10 saved on FX alone.
EUR-DOP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final DOP payout that your recipient gets in Dominican Republic.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Spain to Dominican Republic remittances.
🔄 Looking for the reverse corridor? Send money from Dominican Republic to Spain instead.
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 Spain.
👇 We also suggest looking beyond today's EUR-DOP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst EUR-DOP exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Spain to Dominican Republic historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your DOP payout.
Data-driven cost insights for Spain to Dominican Republic money transfers
When you send money internationally from Spain to Dominican Republic, the key factors that will influence the overall cost of your transaction are:
- EUR-DOP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum DOP payout for your overseas recipient in Dominican Republic.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Spain to Dominican Republic, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Spain to Dominican Republic money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 290 actual Spain to Dominican Republic money transfers handled by 10 providers over the last 5 years (for a EUR 140 remittance benchmark).
This data-driven approach using real EUR-DOP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Spain to Dominican Republic money transfers
- Average total cost: 4.51% (range -1.22% to 14.86%, spread 16.08 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 22.51.
- Average FX markup: 1.92% (range -3.84%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 14.86%, spread 18.70 percentage points) - Average transfer fee: EUR 3.63 (range EUR 0.00 to EUR 9.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Home Delivery (1.88% avg cost); most expensive is Debit Card → Bank Deposit (13.51%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 11.63% (EUR 16.28 on EUR 140 transfer).
- Market coverage: ~10 providers on average (competition level: moderate)
- Average speed: About 15 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Spain to Dominican Republic money transfers.
📈 EUR to DOP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Spain to Dominican Republic money transfers is usually the single biggest factor that will determine your overall EUR cost and your recipient's DOP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a EUR 140 money transfer benchmark, we see the following FX markup ranges for Euro to Dominican Republic transfers:
- Average markup: 1.92%
- Median markup: 1.72%
- Lowest markup: -3.84%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 14.86%
That is a spread of 18.70 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a EUR 140 transfer, the above markup range is equivalent to roughly DOP 26.18 purely from differences in the exchange rate. That incremental saving increases to DOP 64.52 for a EUR 345 transfer.
🛠️ How to use this insight: When comparing providers for Spain to Dominican Republic remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
EUR to DOP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Spain to Dominican Republic remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Euro reaches your recipient in Dominican Republic.
Based on data from last 5 years, we notice the below about Euro to Dominican Republic money transfer fees:
- Average fee: EUR 3.63
- Median fee: EUR 3.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 9.00
The average fee amount of EUR 3.63 noted above represents 2.59% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by EUR 9.00.
🛠️ How to use this insight: For your next money transfer from Spain to Dominican Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for EUR-DOP remittances
Based on our detailed analysis of historical Spain to Dominican Republic data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Dominican Republic from Spain:
- Cash: 3.91%
- Bank Account Transfer: 4.42%
- Credit Card: 4.81%
- Debit Card: 5.05%
That is a total spread of 1.14 percentage points.
This means that on a EUR 140 transfer, you could save up to EUR 1.60 simply by choosing the best priced payment method.
These savings will only multiply for higher EUR amounts.
Here is the average cost of popular delivery methods used to send money from Spain to Dominican Republic:
- Home Delivery: 1.88%
- Cash Pickup: 4.39%
- Bank Deposit: 8.05%
The cost difference between the above delivery methods is 6.17 percentage points.
Once again, this means that you could save up to EUR 8.63 on a EUR 140 transfer to Dominican Republic by choosing Home Delivery versus Bank Deposit.
As you can imagine, the possible combinations of Spain payment methods and Dominican Republic delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Spain to DOP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Home Delivery | 1.88 |
| Credit Card | Home Delivery | 1.88 |
| Debit Card | Home Delivery | 1.88 |
| Cash | Cash Pickup | 3.91 |
| Bank Account Transfer | Cash Pickup | 3.93 |
| Debit Card | Cash Pickup | 4.81 |
| Credit Card | Cash Pickup | 4.85 |
| Bank Account Transfer | Bank Deposit | 8.05 |
| Debit Card | Bank Deposit | 13.51 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these EUR-DOP payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Home Delivery has the lowest average cost at 1.88%.
- Debit Card → Bank Deposit has the highest average cost at 13.51%.
- Bank Account Transfer → Home Delivery average cost is 11.63 percentage points lower than that of Debit Card → Bank Deposit.
- This means that on a EUR 140 money transfer, you could save up to EUR 18.91 simply by choosing the best payment and delivery method combo.
- Further, on a EUR 345 money transfer, the savings increase to EUR 46.60.
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Dominican Republic money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Cash averaged 3.91%, compared to 5.05% for Debit Card, a difference of 1.14 percentage points.
- Cheapest delivery method: Home Delivery averaged 1.88%, compared to 8.05% for Bank Deposit (6.17 percentage points higher).
- Cheapest combo: Bank Account Transfer → Home Delivery averaged 1.88%, which is 11.63 percentage points lower than Debit Card → Bank Deposit (13.51%).
🛠️ How to use this insight: As you compare money transfer providers for your next Spain to Dominican Republic international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Spain to Dominican Republic remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of EUR-DOP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Spain to Dominican Republic.
We found that sending a higher amount (EUR 345) tends to be cheaper - average cost drops from 4.51% to 2.93%, a reduction of 1.57 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to Dominican Republic, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Spain to Dominican Republic remittance market?
Based on data from the last 5 years, EUR-DOP money transfers are provided on an average by 10 remittance companies. With around 10 providers serving this market, we consider the level of competition to be moderate.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Spain to Dominican Republic remittances.
⏱️ How fast are EUR-DOP money transfers?
If your recipient in Dominican Republic needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Spain to Dominican Republic transfers when it comes to processing time:
- Average transfer time: About 15 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at EUR 140: About 15 hours.
- Average speed at EUR 345: About 15 hours.
🛠️ How to use this insight: If you need to send money from Spain to Dominican Republic in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Dominican Republic.
Spain to Dominican Republic transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Spain to Dominican Republic money transfers
These FAQs use data from RemitFinder's historical analysis of Spain to Dominican Republic money transfers over several years.
What factors affect the total cost of sending money from Spain to Dominican Republic?
The total cost of your EUR-DOP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Spain to Dominican Republic transfers?
Historical EUR to DOP exchange rate markup ranges from -3.84% to 14.86%, a spread of 18.70 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can EUR-DOP exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR-DOP exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Spain to Dominican Republic transfers?
Exchange rate markup ranges from -3.84% to 14.86% (a spread of 18.70 percentage points).
Transfer fees range from EUR 0.00 to EUR 9.00, which equals roughly 6.43% on a EUR 140.00 transfer.
At both EUR 140.00 and EUR 345.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Spain to Dominican Republic transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most DOP for your EUR.
How much can Spain to Dominican Republic transfer costs vary between providers?
Historical transfer cost ranges from -1.22% to 14.86% for EUR transfers to Dominican Republic. That is a spread of 16.08 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -3.84% to 14.86% (a spread of 18.70 percentage points). Thus, even small differences in FX margin can have a big impact on the final DOP payout.
Why do various money transfer providers price EUR to Dominican Republic transfers differently?
If you send the same Euro amount to Dominican Republic via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final DOP payout in Dominican Republic in a big way.
How stable are transfer costs in the Spain to Dominican Republic corridor?
When we analyzed the historical total cost for EUR-DOP transfers, we observed a range from -1.22% to 14.86% (16.08 percentage points difference), along with a variability (standard deviation) of 2.31%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -3.84% to 14.86% (18.70 percentage points difference), with a standard deviation of 2.00%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your EUR-DOP transfers.
Which payment method is cheapest for Spain to Dominican Republic remittances?
Cash is the cheapest payment method in Spain based on its average cost at 3.91% (compared to Debit Card at 5.05%, a difference of 1.14 percentage points).
Based on this, we recommend paying for your EUR transfer with Cash, and avoiding Debit Card if possible.
Is Debit Card cheaper than Credit Card for Spain to Dominican Republic transfers?
Credit Card is cheaper on average when sending money to Dominican Republic from Spain since it costs 5.05% (compared to 4.81% for Credit Card payments, a difference of 0.23 percentage points).
As a result, we recommend that you avoid paying for your transfer to Dominican Republic with a Credit Card.
Which delivery method is cheapest for EUR-DOP money transfers?
Home Delivery is the cheapest delivery method in Dominican Republic as it costs 1.88% (compared to Bank Deposit at 8.05%, a spread of 6.17 percentage points).
If your recipient in Dominican Republic can accept Home Delivery, we recommend choosing it as your preferred delivery option for EUR-DOP transfers.
Is Bank Deposit cheaper than Cash Pickup for Spain to Dominican Republic transfers?
Cash Pickup is cheaper for transfers to Dominican Republic given its 8.05% average cost (versus 4.39% for Cash Pickup, a difference of 3.66 percentage points).
To save more, consider choosing the cheapest delivery option for Dominican Republic.
What is the cheapest way to send money from Spain to Dominican Republic?
We evaluated 9 payment and delivery method combinations for Spain to Dominican Republic remittances.
Based on historical data, Bank Account Transfer → Home Delivery is the cheapest combination with 1.88% cost.
At the other end of the spectrum, Debit Card → Bank Deposit is the most expensive combination at 13.51% cost. That is a difference of 11.63 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Spain to Dominican Republic remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your EUR-DOP transfers.
Does sending more money reduce the cost for Spain to Dominican Republic transfers?
Larger EUR-DOP transfers are cheaper on average.
The cost of a EUR 140 transfer averages 4.51% as compared to 2.93% for a EUR 345 transfer, a difference of 1.57 percentage points.
How long does it take to send money from Spain to Dominican Republic?
Based on our analysis, the average transfer time for EUR-DOP transfers is 15 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Spain to Dominican Republic?
Yes, historical data shows that some transfers to Dominican Republic from Spain can complete in less than one hour.
Note that the actual speed of your EUR-DOP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the Spain to Dominican Republic remittance market?
Based on historical data, the competition level in Spain to Dominican Republic is considered moderate with 10 active providers.
Do I risk overpaying if I do not compare providers for Spain to Dominican Republic?
Historically, total EUR-DOP transfer cost has varied by 16.08 percentage points. On a EUR 140 transfer, that can translate to EUR 22.51 in savings.
EUR-DOP exchange rate markup also varies across providers. The average markup spread has been about 18.70 percentage points. On a EUR 140 transfer, that could be EUR 26.18 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 9.00 across providers.
That is why comparing providers can materially change how much of the EUR you send does your recipient receive in Dominican Republic in Dominican Republic.
Latest EUR to DOP Conversion Rates
Here are some latest EUR to DOP (Euro to Dominican Peso) exchange rates for popular conversion amounts*.
| 1 EUR | 69.95 DOP |
| 5 EUR | 349.77 DOP |
| 10 EUR | 699.54 DOP |
| 25 EUR | 1,748.85 DOP |
| 50 EUR | 3,497.69 DOP |
| 100 EUR | 6,995.38 DOP |
| 150 EUR | 10,493.07 DOP |
| 200 EUR | 13,990.76 DOP |
| 250 EUR | 17,488.45 DOP |
| 300 EUR | 20,986.14 DOP |
| 400 EUR | 27,981.52 DOP |
| 500 EUR | 34,976.90 DOP |
| 600 EUR | 41,972.28 DOP |
| 700 EUR | 48,967.66 DOP |
| 800 EUR | 55,963.04 DOP |
| 1000 EUR | 69,953.80 DOP |
| 1500 EUR | 104,930.70 DOP |
| 2000 EUR | 139,907.60 DOP |
| 2500 EUR | 174,884.50 DOP |
| 3000 EUR | 209,861.40 DOP |
| 4000 EUR | 279,815.20 DOP |
| 5000 EUR | 349,769.00 DOP |
| 10000 EUR | 699,538.00 DOP |
| 15000 EUR | 1,049,307.00 DOP |
| 20000 EUR | 1,399,076.00 DOP |
| 30000 EUR | 2,098,614.00 DOP |
| 40000 EUR | 2,798,152.00 DOP |
| 50000 EUR | 3,497,690.00 DOP |
| 100000 EUR | 6,995,380.00 DOP |
*Based on the Mid-market Exchange Rate
1 Based on 290 pricing observations across 10 firms over the last 5 years for a EUR 140 money transfer from Spain to Dominican Republic. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Spain to Dominican Republic remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.