Exchanging euro to cedi is trickier than it may seem at first glance. From hidden fees to constantly changing EUR to GHS exchange rates, we’re here to break it all down and hack the remittances for you. Read on and make your best money transfer to Ghana.
Ways to transfer money from Europe
What affects the rate
Tips to make the best money transfer to Ghana
How to send money to Ghana with Profee
FAQ
Ways to transfer money from Europe
Europe is open to foreign transactions, so sending euros to cedi is more than real. There are several options. Depending on what you choose, the euro to cedi rate will be different.
Bank transfers
Official banks can use their network to send money from one country to another. Among the advantages of such euro to cedi conversion are:
- High level of security. Banks are one of the most reliable financial institutions. Millions of people trust them with money, so security standards are extremely strict.
- Simplicity. If you already have an open account, it’ll be easy to transfer money from Europe. However, you may need to visit a branch and understand what SWIFT, IBAN and other abbreviations mean. There is a smarter and faster way to complete the euro to cedi conversion.
As for the disadvantages, we must mention:
- Costs. Banks are not the best way to send money to Ghana budget-wise. The EUR to GHS exchange rate you get is not always beneficial, and fees can be absurdly high.
- Long waiting times. International bank transfers can take days to be delivered. Holidays, different time zones, compliance checks and other factors slow down your euro to cedi transfer. Don’t panic if it happens.
Cryptocurrency transfers
Cryptocurrency is the talk of the town currently. But we can’t say that it’s the best way to send money to Ghana, though. Check the pros first:
- Reduced costs. Crypto platforms exclude third parties from their transfers: you send directly to another person (P2P), escaping the fees.
- Control over your funds. Again, since there are no third parties, you’re the only one in full ownership of the assets (in theory). No one can reject or freeze your euro to cedi transfer, like banks sometimes do.
And now about the cons:
- Complexity. Those who say that getting started with crypto is simple are tech geniuses. Ordinary people spend hours and days registering and setting up their first transfer. It’s stressful and tiring.
- Grey zone. Governments do not regulate crypto transfers. If you become a victim of fraud, nobody will be able to help you. It’s not the best money transfer to Ghana in terms of safety.
Cryptocurrencies bring risks that not everyone is ready to deal with. If you’re ready to stress on every step of the transfer from registration to receiving funds, crypto platforms are waiting for you. If you want something more peaceful, there are reliable alternatives.
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- Revolut rewards: pros and cons, reviews of the programme.
Online services
Online services are the best way to send money to Ghana because they combine banks’ security with speed and beneficial rates of cryptotransfers. It’s the perfect middle ground for expats. There are dozens of apps to send money to Ghana:
- Profee
- Wise,
- Remitly,
- XE.
The key here is that each service decides by itself how much is a euro to a cedi today. So, before making a euro to cedi conversion, check several websites to catch the best rate.
Gift for our readers: a promo code READPROMO for a 0% fee transfer. Use it until September 30th, 2025.
What affects the rate
The question ‘What is the euro to cedi rate?’ can drive one crazy since the answer changes every second. But this is for traders. For regular customers, banks and online services update their rates hourly/daily for convenience.
Rates fluctuate so often because it’s the result of supply/demand relationships. The currency becomes stronger when more people/institutions want to buy it. The logic is simple. Here’s how you can use it to maximise your euro to cedi conversion:
Read the news
When you can smell that a huge political event or a market change will happen, know that it’ll affect the rate. You just have to guess in what way and decide when to transfer based on that. It’s mentally challenging, but with practice, you’ll start to spot the patterns.
Mid-week vs weekend transfers
People who monitor the market believe that work hours on Wednesday are the best time to transfer money from Europe. On the other hand, Friday evenings and weekends are considered the worst. And here’s the lesson: not to trust experts unquestioningly and make your own observations.
If we go to the Profee main page and check the euro to cedi history graph in August, we’ll see that most beneficial rates are on Thursdays-Saturdays. This is if you transfer money from Europe to Ghana and not vice versa.
And you know what? Don’t trust this blindly, too. The pattern can change right after we publish the article, so head to Profee’s main page or the app and monitor the rates by yourself.
Quick guide: To find the graph on the main page, click on the ‘i’ icon under the currency converter.
Seasonal patterns
During the harvest and tourist season, the cedi may strengthen because the economy is more stable. You can try planning huge purchases based on it.
It’s a system
Anytime you search ‘How much is a euro to a cedi’, remember that the final rate is a product of a complex system. Watch for macro events, remittance patterns, and commodity news to avoid getting lost in it. That’s how you can make the best money transfer to Ghana.
Tips to make the best money transfer to Ghana
Rate forecasting is the pro-level task, if you don’t have time for it, here are some easy tips for catching beneficial rates.
Keep notifications on
If you use apps to send money to Ghana, some of them notify customers when rates become greater than before. For example, Profee does it. Install the app and enable notifications; that’s all you need to stay updated.
Catch special offers
On some holidays and special days, Profee may share promo codes for 0% fee transfers. Receive these gifts and happily send money to Ghana.
Stay flexible
If you’re not in a rush, waiting a few days can sometimes improve the rate. But if it’s urgent, send anyway — better a small loss than delaying critical support.
How to send money to Ghana with Profee
Profee has everything you need to maximise the euro to cedi transfer: rate history, alerts, special offers, and smart monitoring, so you can start with this service. Here’s your step-by-step money guide:
- Join Profee. You’ll need your email, current address and phone number. The service may also ask to verify your identity to make sure you’re a real person.
- Select countries and currencies.
- Enter how much you’re about to send. Check what the euro to cedi rate is.
- Choose the payment method.
- Add the recipient details and save them for the future.
- Confirm.
In several clicks, you’ll send money at great rates and with little to no fees. This is definitely a win for expats.
FAQ
What is the best way to send money to Ghana?
Online services can be treated as the best money transfer to Ghana option. They are a blend of simplicity, security, speed and cost-effectiveness. These services are especially useful for expats who want to avoid long bank queues, hidden fees, or delays.
What are the apps to send money to Ghana?
Profee, Wise, XE, Remitly, and other services send money from Europe to Ghana. Each app has its own features, fees, and transfer speed, so comparing them helps you choose the most suitable option.
How much is a euro to a cedi?
To find the current euro to cedi rate, get the Profee app or go to this EUR to GHS exchange page.
How to get the best exchange rate for euros?
- Monitor the rate dynamics,
- Read news and try to predict fluctuations,
- Keep Profee’s notifications on for hot rate alerts,
- Haunt for special deals and promo codes.
Does the exchange rate go down on weekends?
Markets close on the weekends and it may affect the exchange rate, however, some currencies go up on Saturdays, so always monitor their history and spot patterns. Paying attention to trends and comparing mid-week versus weekend rates can help you plan the best time to send money.
