Last updated:
Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.
The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.
While you might be tempted to use your bank for a wire transfer to Paraguay, a reputable money transfer service can typically offer better exchange rates, lower fees and faster delivery — often without you having to leave your home. Banks don’t typically publish exchange rates, but you can sometimes find the rate you’ll receive by logging in to your online bank account.
Rodrigo recently relocated to Vancouver for business, but he keeps strong ties with his family in Asuncion. When Rodrigo’s brother begins to plan his wedding, Rodrigo realizes that he won’t be able to make it given obligations that come along with his new job. Even though he can’t make the wedding, Rodrigo wants to send $1,000 to his brother as a wedding gift, and compares two money transfer providers to find the best deal.
| Money transfer company 1 | Money transfer company 2 | |
|---|---|---|
| Exchange rate | CAD$1 = PYG 4,470 | CAD$1 = PYG 4,450 |
| Transfer fee | $10 | $20 |
| Transfer method | Bank account deposit | Cash pickup |
| Transfer speed | Within 2 business days | 10 minutes |
| Total PYG received | PYG 4,470,000 | PYG 4,450,000 |
Rodrigo discovers that while the second company can send his money to Paraguay in a matter of minutes, it simply isn’t worth it to him to pay the $10 extra dollars in fees and receive a less competitive exchange rate. He decides to go with the first money transfer and saves around $10 in fees, and $5 in the exchange rate.
By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.
Whether you send money through your bank, an online money transfer specialist or an app, you’ll often need to first register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.
When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. When sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to take precautionary measures like disclosing all fees upfront and giving you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.
Whether picking up funds in Limpio or anywhere else in the world, avoid becoming a target for thieves by following a few simple safety precautions.
You might need to send an emergency cash transfer to Paraguay — for example, to help out a friend who’s lost their wallet while traveling. When you need to transfer funds quickly, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you in the end.
Back to topYou have multiple options to choose from when sending money to Paraguay from Canada. To get the best value for money for your international money transfer, compare the benefits and features of competing services before selecting a provider.
XE and WorldFirst are put to the test to see which provider is best. Read more…
Find out how to get a discount on international money transfers using an InstaReM promo code. Read more…
A comparison of XE and PayPal money transfer providers. Which offers better fees and exchange rates? Find out here. Read more…