Skip to main content

Send money to Peru: Compare PEN rates by provider

Flag of United StatesUSDFlag of PENPEN|Pricing observed
Top-ranked estimateof 8 providers
TapTap Send logo

TapTap Send

Rate 3.4000 · Fee free

You send

$1,000

Estimated receipt

S/3,400

S/170 more than the lowest estimate · 0.91% markup vs mid-market

Send with TapTap Send

Affiliate link · No extra cost to you

Quick answer: TapTap Send ranks first of 8 for 1,000 USD → PEN: 3,400 PEN estimated. 173.71 PEN separates first from last.

Latest pricing observation: . Oldest observation used: . Quotes are kept per USD→PEN pair, not per country, so confirm the provider sends from your country before you commit. Methodology.

From
To
$

What is the cheapest way to send USD to PEN?

Sending $1,000 to Peru, ranked by estimated payout.

Source: our collected quotes

1
TapTap Send logo

TapTap Send

Under 3 minutes (95% of transfers)

Best value

S/3,400.00

recipient gets

Rate 3.4000·Fee Free·0.91% markup
↓ 0.9% over 178dAvg: 3.36 PEN (+1.3% vs avg)
2
XE Money Transfer logo

XE Money Transfer

1-4 business days

S/3,399.31

recipient gets

Rate 3.3993·Fee Free·0.93% markup
3
InstaReM logo

InstaReM

1-3 business days

S/3,383.53

recipient gets

Rate 3.3835·Fee Free·1.39% markup
Best rate 197 of 231 days
↓ 0.5% over 222dAvg: 3.39 PEN (-0.2% vs avg)
4
Wise logo

Wise

144 hours

S/3,341.55

recipient gets

Rate 3.4093·Fee $19.86·0.64% markup
↓ 0.2% over 229dAvg: 3.41 PEN (-0.1% vs avg)
5
Remitly logo

Remitly

Minutes to 3-5 days

S/3,332.06

recipient gets

Rate 3.3321·Fee Free·2.89% markup
6
Western Union logo

Western Union

Minutes to 5 days

S/3,317.21

recipient gets

Rate 3.3238·Fee $1.99·3.13% markup
Rate up 1.9%
↑ 1.9% over 77dAvg: 3.33 PEN (-0.1% vs avg)
7
Ria Money Transfer logo

Ria Money Transfer

Minutes to 2 days

S/3,306.55

recipient gets

Rate 3.3400·Fee $10.00·2.66% markup
↓ 2.3% over 166dAvg: 3.36 PEN (-0.7% vs avg)
8
OFX logo

OFX

1-3 business days

S/3,226.29

recipient gets

Rate 3.2425·Fee $5.00·5.50% markup

Estimated payout difference: S/173.71 between first and last on $1,000.

By Awais Imran·Pricing collected from provider APIs and comparison sources
Some links earn us a commission, at no cost to you. It never changes the ranking. Editorial policy

Peru receives over $3.5 billion in remittances annually, largely from the US, Spain, Chile, and Argentina. Yape and Plin — both backed by major Peruvian banks — have over 12 million users combined and are becoming increasingly important for international remittance delivery. The PEN (Peruvian sol) is relatively stable compared to other Latin American currencies.

  • Yape (BCP) and Plin (BBVA Peru, Interbank, Scotiabank) are Peru's leading mobile payment platforms. Yape has 12M+ users. Several international providers now deliver directly to Yape wallets.
  • BCP (Banco de Crédito del Perú) is Peru's largest bank, followed by BBVA Peru, Interbank, and Scotiabank Peru. All have extensive ATM networks and accept inbound SWIFT transfers.
  • SBS (Superintendencia de Banca, Seguros y AFP) regulates all financial transfers in Peru. No income tax applies to personal inbound remittances.
  • The Peruvian sol (PEN) has maintained relative stability, appreciating against USD in periods of high commodity prices (Peru is a major copper and gold exporter).
  • Western Union and MoneyGram have strong cash pickup networks through BCP agents and independent retail agents, making them useful for recipients in smaller cities and rural Andes regions.

Which provider offers the best USD to PEN rate?

TapTap Send

TapTap Send

4.7

Exchange rate

3.4000

Fee

Free

Recipient gets

S/3,400.00

Speed

Under 3 minutes (95% of transfers)

Also available · Digital-asset rails

Crypto & stablecoin routes for USD → PEN

Each is a fiat on-ramp → blockchain → local cash-out, not a one-tap transfer. All-in cost below.

Binance P2PBeats mid-market

Coinbase → Solana (USDC) → Binance P2P (PEN) · ~1 second

3,448 PEN

0.93% rebate all-in

+
  1. 1Coinbase USD→USDC: FREE
  2. 2Solana network: 0.000250 USDC
  3. 3Binance P2P (PEN): 0.49533799533799255% spread
  4. 40.00% withdrawal fee

Also routable via Solana (USDC), Polygon (USDC), Arbitrum (USDC), Tron (USDT).

Source: Binance P2P API

Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, collected every 6 hours. Not financial advice.

Guides, fees & how it works
Frequently asked questions
More for this corridor

Compare all providers for transfers to Peru

Put in your own amount above.

Compare providers now