Compare today's EUR to HNL (Euro to Honduran Lempira) exchange rates
📈 Spain to Honduras Money Transfer Snapshot Today
- Best EUR to HNL exchange rate today: HNL 30.3409, offered by XE Money Transfer
- Number of money transfer providers compared: 5
- Exchange rate range: HNL 29.9052 to HNL 30.3409
- Potential savings on EUR 1000: HNL 435.70
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to HNL exchange rate before providers add their margin or fees. exchange rate: 1 EUR = HNL 30.8866 (Updated about an hour ago)
See detailed Spain to Honduras money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 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-HNL exchange rates mean for you
Compare today's EUR-HNL exchange rates and send money from Spain to Honduras 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 5 providers that you can rely on for Spain to Honduras money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Spain to Honduras Providers
🥇 XE Money Transfer with 1 EUR = 30.3409 HNL (best EUR to HNL exchange rate today).
🥈 Remitly offering 1 EUR = 30.3100 HNL.
🥉 Western Union & Ria Money Transfer are also providing good FX rate today.
The exchange rate provided by these 5 providers ranges from HNL 29.9052 to HNL 30.3409. For a EUR 1000 money transfer from Spain to Honduras, that could mean up to HNL 435.70 saved on FX alone.
EUR-HNL exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final HNL payout that your recipient gets in Honduras.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Spain to Honduras remittances.
🔄 Looking for the reverse corridor? Send money from Honduras 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-HNL exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst EUR-HNL 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 Honduras historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your HNL payout.
Data-driven cost insights for Spain to Honduras money transfers
When you send money internationally from Spain to Honduras, the key factors that will influence the overall cost of your transaction are:
- EUR-HNL exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum HNL payout for your overseas recipient in Honduras.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Spain to Honduras, 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 Honduras money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 333 actual Spain to Honduras money transfers handled by 11 providers over the last 5 years (for a EUR 140 remittance benchmark).
This data-driven approach using real EUR-HNL 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 Honduras money transfers
- Average total cost: 6.31% (range -1.72% to 29.79%, spread 31.51 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 44.11.
- Average FX markup: 2.69% (range -1.79%
ⓘ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 13.46%, spread 15.25 percentage points) - Average transfer fee: EUR 5.07 (range EUR 0.00 to EUR 35.00)
- Cheapest payment/delivery method combo: Credit Card → Bank Deposit (2.97% avg cost); most expensive is Bank Account Transfer → Bank Deposit (13.00%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 10.03% (EUR 14.04 on EUR 140 transfer).
- Market coverage: ~11 providers on average (competition level: competitive)
- 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 Honduras money transfers.
📈 EUR to HNL exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Spain to Honduras money transfers is usually the single biggest factor that will determine your overall EUR cost and your recipient's HNL 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 Honduras transfers:
- Average markup: 2.69%
- Median markup: 2.29%
- Lowest markup: -1.79%
ⓘ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: 13.46%
That is a spread of 15.25 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 HNL 21.35 purely from differences in the exchange rate. That incremental saving increases to HNL 52.61 for a EUR 345 transfer.
🛠️ How to use this insight: When comparing providers for Spain to Honduras 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 HNL 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 Honduras 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 Honduras.
Based on data from last 5 years, we notice the below about Euro to Honduras money transfer fees:
- Average fee: EUR 5.07
- Median fee: EUR 3.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 35.00
The average fee amount of EUR 5.07 noted above represents 3.62% 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 35.00.
🛠️ How to use this insight: For your next money transfer from Spain to Honduran Lempira, 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-HNL remittances
Based on our detailed analysis of historical Spain to Honduras 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 Honduras from Spain:
- Cash: 5.37%
- Debit Card: 5.50%
- Credit Card: 5.51%
- Bank Account Transfer: 7.64%
That is a total spread of 2.27 percentage points.
This means that on a EUR 140 transfer, you could save up to EUR 3.18 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 Honduras:
- Cash Pickup: 5.83%
- Bank Deposit: 7.61%
The cost difference between the above delivery methods is 1.77 percentage points.
Once again, this means that you could save up to EUR 2.48 on a EUR 140 transfer to Honduras by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of Spain payment methods and Honduras 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 HNL money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Bank Deposit | 2.97 |
| Debit Card | Bank Deposit | 2.97 |
| Bank Account Transfer | Cash Pickup | 4.46 |
| Cash | Cash Pickup | 5.37 |
| Debit Card | Cash Pickup | 6.76 |
| Credit Card | Cash Pickup | 6.77 |
| Bank Account Transfer | Bank Deposit | 13.00 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these EUR-HNL payment and delivery options is significant. Here are some observations:
- Credit Card → Bank Deposit has the lowest average cost at 2.97%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 13.00%.
- Credit Card → Bank Deposit average cost is 10.03 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a EUR 140 money transfer, you could save up to EUR 18.21 simply by choosing the best payment and delivery method combo.
- Further, on a EUR 345 money transfer, the savings increase to EUR 44.86.
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Honduras money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Cash averaged 5.37%, compared to 7.64% for Bank Account Transfer, a difference of 2.27 percentage points.
- Cheapest delivery method: Cash Pickup averaged 5.83%, compared to 7.61% for Bank Deposit (1.77 percentage points higher).
- Cheapest combo: Credit Card → Bank Deposit averaged 2.97%, which is 10.03 percentage points lower than Bank Account Transfer → Bank Deposit (13.00%).
🛠️ How to use this insight: As you compare money transfer providers for your next Spain to Honduras 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 Honduras remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for EUR-HNL remittances?
When we compared Spain banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
On average, we found that banks and money transfer providers charge very similar total costs for Spain to Honduras remittances.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | EUR 6.80 | EUR 4.96 | EUR 1.84 |
| Exchange rate markup | 1.47% | 2.77% | -1.29 pp* |
| Average total cost (%) | 6.33% | 6.31% | 0.02 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: When banks and money transfer companies in Spain are priced similarly, small differences in exchange rate markup and fees can determine which provider offers better value.
📊 Does sending more money reduce the cost of EUR-HNL 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 Honduras.
We found that sending a higher amount (EUR 345) tends to be cheaper - average cost drops from 6.31% to 4.17%, a reduction of 2.14 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 Honduras, 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 Honduras remittance market?
Based on data from the last 5 years, EUR-HNL money transfers are provided on an average by 11 remittance companies. With around 11 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 18.2% of active providers in this corridor (2 out of 11), meaning money transfer companies make up the majority.
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 Honduras remittances.
⏱️ How fast are EUR-HNL money transfers?
If your recipient in Honduras needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Spain to Honduras 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 144 hours (~6.0 days).
- Average speed at EUR 140: About 15 hours.
- Average speed at EUR 345: About 15 hours.
Banks vs money transfer providers speed comparison: Banks take 5 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Spain to Honduras 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 Honduras.
Spain to Honduras 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 Honduras money transfers
These FAQs use data from RemitFinder's historical analysis of Spain to Honduras money transfers over several years.
What factors affect the total cost of sending money from Spain to Honduras?
The total cost of your EUR-HNL 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 Honduras transfers?
Historical EUR to HNL exchange rate markup ranges from -1.79% to 13.46%, a spread of 15.25 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can EUR-HNL 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-HNL 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 Honduras transfers?
Exchange rate markup ranges from -1.79% to 13.46% (a spread of 15.25 percentage points).
Transfer fees range from EUR 0.00 to EUR 35.00, which equals roughly 25.00% on a EUR 140.00 transfer.
At EUR 140.00, the larger driver of overall cost is the transfer fee, whilst at EUR 345.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Spain to Honduras 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 HNL for your EUR.
How much can Spain to Honduras transfer costs vary between providers?
Historical transfer cost ranges from -1.72% to 29.79% for EUR transfers to Honduras. That is a spread of 31.51 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 -1.79% to 13.46% (a spread of 15.25 percentage points). Thus, even small differences in FX margin can have a big impact on the final HNL payout.
Why do various money transfer providers price EUR to Honduras transfers differently?
If you send the same Euro amount to Honduras 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 HNL payout in Honduras in a big way.
How stable are transfer costs in the Spain to Honduras corridor?
When we analyzed the historical total cost for EUR-HNL transfers, we observed a range from -1.72% to 29.79% (31.51 percentage points difference), along with a variability (standard deviation) of 5.75%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -1.79% to 13.46% (15.25 percentage points difference), with a standard deviation of 2.68%. 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-HNL transfers.
Which payment method is cheapest for Spain to Honduras remittances?
Cash is the cheapest payment method in Spain based on its average cost at 5.37% (compared to Bank Account Transfer at 7.64%, a difference of 2.27 percentage points).
Based on this, we recommend paying for your EUR transfer with Cash, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card for Spain to Honduras transfers?
Debit Card is cheaper on average when sending money to Honduras from Spain since it costs 5.50% (compared to 5.51% for Credit Card payments, a difference of 0.00 percentage points).
As a result, we recommend that you avoid paying for your transfer to Honduras with a Credit Card.
Which delivery method is cheapest for EUR-HNL money transfers?
Cash Pickup is the cheapest delivery method in Honduras as it costs 5.83% (compared to Bank Deposit at 7.61%, a spread of 1.77 percentage points).
If your recipient in Honduras can accept Cash Pickup, we recommend choosing it as your preferred delivery option for EUR-HNL transfers.
Is Bank Deposit cheaper than Cash Pickup for Spain to Honduras transfers?
Cash Pickup is cheaper for transfers to Honduras given its 7.61% average cost (versus 5.83% for Cash Pickup, a difference of 1.77 percentage points).
To save more, consider choosing the cheapest delivery option for Honduras.
What is the cheapest way to send money from Spain to Honduras?
We evaluated 7 payment and delivery method combinations for Spain to Honduras remittances.
Based on historical data, Credit Card → Bank Deposit is the cheapest combination with 2.97% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 13.00% cost. That is a difference of 10.03 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Spain to Honduras remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your EUR-HNL transfers.
Does sending more money reduce the cost for Spain to Honduras transfers?
Larger EUR-HNL transfers are cheaper on average.
The cost of a EUR 140 transfer averages 6.31% as compared to 4.17% for a EUR 345 transfer, a difference of 2.14 percentage points.
How long does it take to send money from Spain to Honduras?
Based on our analysis, the average transfer time for EUR-HNL transfers is 15 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Spain to Honduras?
Yes, historical data shows that some transfers to Honduras from Spain can complete in less than one hour.
Note that the actual speed of your EUR-HNL transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Spain to Honduras?
Banks and money transfer providers in Spain are similarly priced.
The average cost of banks is 6.33% compared to 6.31% for money transfer providers in Spain, a difference of 0.02 percentage points.
How competitive is the Spain to Honduras remittance market?
Based on historical data, the competition level in Spain to Honduras is considered competitive with 11 active providers.
Money transfer providers represent about 81.8% of identified providers in Spain.
Do I risk overpaying if I do not compare providers for Spain to Honduras?
Historically, total EUR-HNL transfer cost has varied by 31.51 percentage points. On a EUR 140 transfer, that can translate to EUR 44.11 in savings.
EUR-HNL exchange rate markup also varies across providers. The average markup spread has been about 15.25 percentage points. On a EUR 140 transfer, that could be EUR 21.35 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 35.00 across providers.
That is why comparing providers can materially change how much of the EUR you send does your recipient receive in Honduras in Honduras.
Latest EUR to HNL Conversion Rates
Here are some latest EUR to HNL (Euro to Honduran Lempira) exchange rates for popular conversion amounts*.
| 1 EUR | 30.89 HNL |
| 5 EUR | 154.43 HNL |
| 10 EUR | 308.87 HNL |
| 25 EUR | 772.17 HNL |
| 50 EUR | 1,544.33 HNL |
| 100 EUR | 3,088.66 HNL |
| 150 EUR | 4,632.99 HNL |
| 200 EUR | 6,177.32 HNL |
| 250 EUR | 7,721.65 HNL |
| 300 EUR | 9,265.98 HNL |
| 400 EUR | 12,354.64 HNL |
| 500 EUR | 15,443.30 HNL |
| 600 EUR | 18,531.96 HNL |
| 700 EUR | 21,620.62 HNL |
| 800 EUR | 24,709.28 HNL |
| 1000 EUR | 30,886.60 HNL |
| 1500 EUR | 46,329.90 HNL |
| 2000 EUR | 61,773.20 HNL |
| 2500 EUR | 77,216.50 HNL |
| 3000 EUR | 92,659.80 HNL |
| 4000 EUR | 123,546.40 HNL |
| 5000 EUR | 154,433.00 HNL |
| 10000 EUR | 308,866.00 HNL |
| 15000 EUR | 463,299.00 HNL |
| 20000 EUR | 617,732.00 HNL |
| 30000 EUR | 926,598.00 HNL |
| 40000 EUR | 1,235,464.00 HNL |
| 50000 EUR | 1,544,330.00 HNL |
| 100000 EUR | 3,088,660.00 HNL |
*Based on the Mid-market Exchange Rate
1 Based on 333 pricing observations across 11 firms over the last 5 years for a EUR 140 money transfer from Spain to Honduras. 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 Honduras 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.