13 Dec 2022
Foreign exchange rates vary from one account to another, just like stock market equities. So determining the ideal time to send money to Gambia from overseas can seem complicated. There are many options available these days for sending money overseas. They come with various exceptions, such as exchange rates, fees, transaction processing time, security, privacy, etc.
When transferring EUR to Gambian Dalasi, ensure you get the best rate and send money at the right time by using a reputable company. You’ll learn how easy it is to send money to the Gambia from Italy in the guide below.
Several people move abroad from the Gambia, seeking better employment opportunities so they can relieve their families from financial burdens. These overseas workers remain worried about finding the most reasonable methods to transfer funds back home with the most benefits. When moving abroad, many choose Europe since they find evergrowing work opportunities in European countries. Italy is among the top choices for expat workers from low-to-middle-income countries like the Gambia. Let’s see how many expatriates live and work in Italy.
Italy is a developed nation founding member of the European Union. Expats from all over Europe have settled in this city, accounting for nearly 6% of the population. Italy has a large expat community, particularly in major cities such as Rome and Milan.
Italy's foreign population in 2020 was 5.3 million. Lombardy had the most significant foreign population, with 1.2 million foreign residents. With a population of around 10 million people, Lombardy is Italy's most populous region.
The number of Gambians living in other countries increased from around 35,000 in 2000 to about 65,000 in 2010. According to UN DESA, the Gambian population was 2.101 million in 2017, with 90,000 Gambians living abroad, accounting for 4.3 per cent of the people. There were 22,840 Gambians in Italy as of June 2020.
Economic factors, specifically poverty and unemployment, drive migration in the Gambia. The primary reason for migration for Gambian migrants is to support their families. On the other hand, Gambians migrate due to a unique set of push and pull factors in each country. Conflict, unfair government, and limited economic opportunities are the main push factors.
Sending money home is simple if you find the right path. There are numerous options available, which you can learn below. Knowing about these methods will help you decide the best way for you. However, it’s worth knowing that many Gambians now send money to Gambia online using reliable remittance services like ACE Money Transfer.
The Gambia receives most of its transfers from Italy, Europe, the United States, Nigeria, and Senegal. You could use your bank to send money to your loved ones in the Gambia if you reside in any of these nations.
Most bank transfers cost between $30 and $40 per transaction, and exchange rates are marked up by 5 to 7 per cent. You might find it worthwhile to consider other options, such as online money transfers.
Money transfer companies such as ACE are among the most popular providers in the Gambia. They make it simple to send money to Gambia online because you must open a money transfer account and pay for your transfer.
You can pay for your transfer in one of the following ways, depending on your chosen provider.
A lot of payout options are supported by ACE online money transfer services, including:
Making an online money transfer to Gambia is undoubtedly the best if you choose the right service provider. The most important number is your recipient's final amount when you send EUR to GMD. To put it another way, you should minimise the impact of fees and other hidden charges (such as a bad exchange rate) to achieve the most cost-effective cross-border remittance.
Comparing various foreign exchange operators and service providers is an excellent way to find the cheapest options for sending Gambian Dalasi. By eliminating the need to search and compare multiple companies manually, you can easily compare all of your options in one place, saving time and money. This way, you can get the best Euro to Gambia exchange rate.
In terms of public opinion, many people prefer sending money to the Gambia from Italy using ACE Money Transfer services. People believe that ACE is the only provider that offers low rates and the quickest routes.
ACE Money Transfer has a presence in over 375,000 locations in over 100 countries. The best exchange rates, the lowest transfer costs, and transaction security are available for Gambian-migrated members sending money home to their families.
Users can send money internationally at any time using ACE's website and digital mobile app. ACE Money Transfer's core mission in the global remittances industry is to provide the highest quality services to the maximum satisfaction of its valued customers.
Don't worry if you haven't already used ACE Money Transfer to send money to the Gambia to family and friends. Sign up with ACE today to enjoy an advanced remittance service with enticing promotions and rewards.
With the Gambian government's diaspora strategies, Gambians living abroad have a better chance of receiving favourable rates when sending money back home.
Knowing how to compare and contrast the various features of the providers will assist you in selecting the best sending option for your family and friends. ACE Money Transfer has made sending money to Gambia from Italy easy peasy.
ACE Money Transfer is the most convenient way to send money home. It allows you to keep things simple while not spending too much money and time. Choose ACE if you want to make a secure, fast, convenient, and economical money transfer to Gambia with the lowest transfer cost and the highest exchange rates.