How to send money to Paraguay from UK with the best GBP-PYG rate

Comparing money transfer companies with services between the United Kingdom and Paraguay, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

Here are your best options for sending money from the United Kingdom to Paraguay

• Wise is the best way to transfer Pound Sterling into Guarani. Sending 6,000 GBP to PYG will cost you £78.26 in fees, and your recipient will receive 47,866,076 PYG. The delivery time usually is within a week, but it depends on the day you make the transfer.

• Cheapest way to transfer money to Paraguay from the United Kingdom is via Paysend.

• Fastest company to send money to Paraguay from the United Kingdom is with Revolut. Right now, if you are sending £6,000 with Revolut to Paraguay, the transfer time is within minutes. This can vary depending on your needs, but it's the fastest option.

For this route, we’ve compared 6 providers providing services between United Kingdom and Paraguay. This ensures you will get the best options when sending Guarani to Paraguay.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Paraguay will provide a specific provider that’s best for transferring money from the United Kingdom.

The exchange rate is the price you will pay when buying Guarani in the United Kingdom. A better exchange rate means you send more Guaranis to Paraguay.

Currently, the mid-market rate between the Pound Sterling and Guarani is 8,054.3078.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from the United Kingdom to Paraguay.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Guarani for your Pound Sterling. The current GBP-PYG mid-market rate is 8,054.3078 PYG per Pound Sterling.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Pound Sterling you’re sending to Paraguay. Paysend currently has the lowest fees for transfers into PYG of just 0 GBP. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Guarani is the biggest indicator of the total cost of sending money to Paraguay from the United Kingdom. The bigger the amount received in Paraguay, the lower the overall cost of sending from the United Kingdom.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between the United Kingdom and Paraguay for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a debit card will most often be the way to get the best price when sending money from the United Kingdom to Paraguay.

Here are all the ways to send money from United Kingdom to Paraguay:

Bank transfers

Bank transfers are often the better option for money transfers from the United Kingdom to Paraguay.

Sending money via a bank transfer with a company such as Wise for transfers from the United Kingdom to Paraguay allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from the United Kingdom to Paraguay with a prepaid or a debit card is very simple with Wise.


Wise is a leader in card payments for transfers from the United Kingdom to Paraguay, competing among a total of 6 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between the United Kingdom and Paraguay have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Pound Sterling could change. We always recommend comparing GBP-PYG rates for your specific transfer amount. Then, with transfers to Paraguay, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of GBP to Paraguay, we’d recommend Wise.

There are different options for receiving Guarani in Paraguay. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from the United Kingdom to Paraguay will offer every method for incoming Guarani, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from the United Kingdom into Paraguay. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between United Kingdom and Paraguay.

And if you need cash right away, check if cash pickup is an option for transfers between the United Kingdom and Paraguay.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Paysend.

You will need to verify your ID at the sign up stage when sending from the United Kingdom to Paraguay through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in the United Kingdom through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Paraguay, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Paraguay, it’s always best to check ahead just in case.

Larger transactions between the United Kingdom and Paraguay are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Paraguay, was their easy sign up process in the United Kingdom.

When sending money between the United Kingdom and Paraguay there will be tax declarations to consider.

Some transfers into Guarani may need to be reported to tax authorities in Paraguay. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Paraguay based on age, income and personal circumstance. When in doubt, please contact a tax professional in the United Kingdom or Paraguay to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.