Sending money overseas is more than a financial transaction — it’s often an act of love, support, and responsibility. Whether you're supporting family back home, paying school fees, or funding a business, knowing when to send money can make a real difference in how much your recipient receives.
So, when exactly is the best time to send money abroad? The answer depends on several key factors that influence the value and timing of international remittances.
Exchange Rates Matter
One of the most critical factors is the foreign exchange rate. Currency values fluctuate constantly due to global economic shifts, political events, and inflation. If your home currency is strong against the recipient's currency, it’s a good time to send — the recipient will get more money in their local currency. Keeping an eye on currency trends or using alerts from money transfer apps can help you pick the most favourable moment.
Transfer Fees and Hidden Costs
Remittance costs can vary significantly between providers. Some services add hidden fees by offering poor exchange rates, while others charge high transfer fees upfront. That’s why choosing a trusted provider like Dahabshiil can make a real difference. Known for its low fees, transparency, and wide reach across Africa, the Middle East, and beyond, especially during the month of Ramadan, Dahabshiil ensures more of your money reaches your loved ones in the best way possible.
Seasonal and Festival Discounts
Interestingly, some of the best times to send money can be during religious or cultural festivals. For example, during Ramadan, Eid al-Fitr, and Eid al-Adha, during which periods Dahabshiil always offers discounted commission rates. In 2025, customers enjoyed discounted commission rates during Ramadan and Eid ul Adha, helping them send more for less during a time of giving.
Planning your transfers around such promotions can help maximise the amount your recipient receives — especially when you combine it with favourable exchange rates.
Local Economic Conditions
It’s also wise to consider the economic situation in the recipient’s country. High inflation or currency devaluation can quickly reduce the purchasing power of remittances. In such cases, sending money sooner rather than later might be the best strategy.
Conclusion
There’s no one-size-fits-all answer to the best time to send money overseas. It depends on exchange rates, fees, recipient needs, and even seasonal opportunities. By staying informed and using a reliable service like Dahabshiil, especially during festive discount periods, you can ensure your remittances go further and make a bigger impact.
After all, sending money isn’t just about numbers — it’s about connection, care, and timing it right.