How to send money to Latvia

Shop around for the best money transfer service for sending money to Latvia.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Located on the shores of the Baltic Sea, Latvia boasts a diverse culture, world-renowned architecture and a beautiful Old Town that dates to medieval times. If you ever need to send money from Australia to Latvia or vice versa, there’s no shortage of banks and other money transfer providers who can manage the transaction for you. But with low exchange rates and high transaction fees a common risk with such transfers, it pays to shop around to find value for money.

Send money to Latvia with TorFX

TorFX guarantees to match any competitor's exchange rate. Conditions apply.

TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

  • No transfer fees
  • Price match guarantee
  • Dedicated account manager assigned to you
  • Forex tools available

Compare Money Transfer Services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 1 day AUD 25.00 0.619 EUR
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 1 Same day AUD 0.00 0.616 EUR
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.615 EUR
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.613 EUR
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.615 EUR
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.616 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 200 1 - 2 days AUD 25.00 0.618 EUR
Exclusive: New customers sending over 500 AUD from Australia use code FINDER50 to get 50 AUD off. Pay zero fees on your first transaction. Valid till 31 December 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 - 2 days AUD 22.50 0.618 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Banks versus money transfer companies

Many people just go to their bank when they need to send money overseas and don’t bother doing a little bit of research to see if there might be a better deal around. The problem with this approach is that banks are a long way down the list of the most affordable money transfer providers. The dismal exchange rates and typically high fees offered by banks mean that your transaction can end up being a whole lot more costly than you might expect. That’s why it’s an excellent idea to shop around for better value for money, and there’s a fair chance you’ll find it from a specialist money transfer company. These providers are experts when it comes to sending money around the world, offering safe and convenient transfers that are also affordable. Their exchange rates are higher and their fees lower than those you will get from the banks, so even a quick comparison between transfer providers can save you a heap of cash.

Lukas Sends Money to Latvia

Lukas wants to send a $1,000 gift from Australia to his parents in his home country of Latvia. He wants them to spoil themselves for their anniversary, but he doesn’t want the transaction to cost him any more than it has to. Instead of using his bank, which charges a $25 transfer fee, he contacts two specialist transfer companies to check out whether they offer value for money. As the table below shows, Lukas can save AUD $10 in transfer fees by using the second company and he can also send an extra 9 LVL to his parents.

Money transfer company 1Money transfer company 2
Exchange rate1 AUD = 0.34711 AUD = 0.3561
Transfer fee$10$0
Transfer methodOnline transferOnline transfer
Processing time1-3 days1-3 days
Amount received (in LVL)347.10 LVL356.10 LVL

Today's exchange rate AUD to EUR

How do I compare transfer companies when transferring and receiving money via Latvia?

  • Exchange rates. Even a seemingly minor difference in the exchange rate can equate to a much larger amount of money arriving to your beneficiary. Shop around for the transfer provider that regularly has the best exchange rates.
  • Transfer fees. Compare how much each company will charge you when you need to send a transfer. Also, check to see whether there are any hidden fees you should be aware of.
  • Transfer methods. Do your research to find out whether the company offers convenient transfer methods for you. Can you place transfers online or in branch, and does it offer phone and smartphone app transfers?
  • Flexible options. Does the company offer flexible transfer options such as forward contracts, market orders, and the ability to set up a recurring payment plan?
  • Turnaround time. Transaction processing times range from a few minutes to multiple business days, so make sure the turnaround time available suits your needs.
  • Transfer limits. Some companies impose minimum and maximum limits on the amount you can send, which can be restricting if you need to send small or large amounts.
  • Pickup options. Some providers offer bank account transfers while others offer cash pickup transfers.
  • Customer service. If you ever have a problem or a question, how will you be able to access customer service? Is it available during convenient hours?
Back to top

How do I send money to Latvia from Australia?

  • Specialist transfer companies. TorFX and XE Money Transfer are two companies that offer this service.
  • Cash pickup transfer providers. Western Union and MoneyGram are the two largest cash pickup transfer companies in the world.
  • PayPal. Did you know that PayPal also operates a handy international money transfer service?
  • Bank transfers. Banks can help you send transfers all around the world, but they usually don’t offer great value for money.
  • International guaranteed cheques. Speak to your bank about the cost involved in obtaining an international cheque and posting it to Latvia.

How do I receive money from Latvia in Australia?

  • Specialist transfer companies. Start researching now to find out which companies offer transfers from Latvia to Australia.
  • Cash pickup transfer providers. Start the search for the Western Union or MoneyGram location closest to you.
  • PayPal. Check out the fees and features of PayPal international transfers to see if this service is right for you.
  • Bank transfers. Another option is to receive a transfer from a Latvian bank account to your Australian bank account.
  • International guaranteed cheques. Make sure you’re aware how much your bank will charge in fees when you cash an international cheque.
Back to top

Emergency cash transfers in Latvia

If you need to send cash to Latvia in an emergency, there are some companies who can get the money to your recipient in as little as 10 minutes. Be warned, however, that urgent transactions generally hurt your hip pocket more. They attract higher transfer fees and lower exchange rates than normal, so it’s essential that you double check all the details of the transaction before you hand over your cash.

Cash pickup locations in Latvia / Western Union / MoneyGram branches in Latvia

If you want to send cash that your recipient can access from a nearby transfer branch in Latvia, Western Union and MoneyGram can help. Both companies run large international transfer networks and offer prompt and secure transfers. The details of some popular cash pickup locations in Latvia are below - your beneficiary will need to present photo ID and a transaction ID number when collecting funds.

Western Union


  • Banknote Merkela Street 9 Riga, Centrs +371-20259778 Open 8am to 8pm seven days
  • Banknote Marijas Str 1 Riga, Centrs +371-2546356 Open 9am to 8pm Monday to Friday, 10am to 7pm Saturday and Sunday


  • Banknote Viestura Str 70a Daugavpils, Latgale +371-20258388Open 8am to 8pm Monday to Friday, 9am to 8pm Saturday and Sunday
  • Latvijas Pasts Viestura 2 Daugavpils, LV 5405 +371-67608347Open 9am to 7pm Monday to Friday, 9am to 1pm Saturday



  • AS Privatbank Muitas Iela 1Riga, LV-101067852350Open 9am to 6pm Monday to Friday
  • Valutas Maina Marika (1st floor)Brivibas Iela 30Riga, LV-101067286760 Open 24/7


  • AS Privatbank Rigas Iela 40Daugavpils, LV-540365410600Open 9am to 6pm Monday to Friday
  • Money Express Latgales Iela 15/2Rezekne, LV-460127700442Open 8am to 8pm Monday to Saturday, 9am to 5pm Sunday

Tips for picking up cash in Latvia

Although Latvia is classified as a safe country for Australian travellers to visit, you should still take a few basic steps to ensure your safety when picking up cash:

  • Take one or more friends along with you to deter thieves
  • Keep your money hidden and avoid displaying it in public
  • Don’t pick up cash anywhere you feel unsafe
  • Avoid high-crime areas
  • Don’t carry the money around with you for any longer than is completely necessary
Back to top

What are the steps to send money to Latvia?

  1. Register for an account. Most companies offer free online accounts that you can sign up for within minutes. You’ll need to provide your name, contact details and bank account information.
  2. Provide full transaction details. The next step is to provide information such as how much money you’re sending, in what currency and where to. You’ll also need to provide your recipient’s name and contact details.
  3. Pay for your transfer. Once you’ve reviewed the cost of your transaction you can pay for your transfer. You’ll usually be given a reference number that you can use to monitor the progress of your funds.

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site