Make Payments in PYG - Paraguayan Guarani
Pay in Paraguayan Guarani (PYG)
Mondial Change allows you to make international payments in PYG (Paraguayan Guarani) with ease. Manage your Paraguayan Guarani beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your PYG operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Paraguayan Guarani (PYG)
It is currently not possible to receive payments in PYG.
Mondial Change Answers All Your Questions on Payments in Paraguayan Guarani (PYG)
What is the timeframe for a payment in PYG to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a transfer in Paraguayan Guarani to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if PYG payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a payment in Paraguayan Guarani (PYG)?
The fees applied to transfers in Paraguayan Guarani (PYG) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading desk. The rate mainly depends on your annual PYG exchange volume and the number of Paraguayan Guarani payments made during the year.
Are there minimum or maximum amounts for payments in Paraguayan Guarani (PYG)?
Mondial Change and its partners verify that your Paraguayan Guarani flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Paraguayan Guarani (PYG)?
For payments in PYG via the SWIFT network, you must provide at least the following information:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
Is it possible to modify a payment in Paraguayan Guarani (PYG) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Paraguayan Guarani (PYG) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Paraguayan Guarani (PYG) cannot be executed?
January 1st: New Year's Day (Año Nuevo)
March 1st: Heroes' Day (Día de los Héroes)
Variable date: Holy Thursday (Jueves Santo)
Variable date: Good Friday (Viernes Santo)
May 1st: Labor Day (Día del Trabajador)
May 14th: National Holiday – Independence (Día de la Independencia)
May 15th: National Holiday – Independence (2nd day)
June 12th: Chaco Peace Day (Paz del Chaco)
August 15th: Foundation of Asunción
September 29th: Victory of Boquerón
December 8th: Immaculate Conception (Virgen de Caacupé)
December 25th: Christmas (Navidad)
History of the Paraguayan Guarani
The Paraguayan Guarani (PYG) has been the official currency of Paraguay since 1943, replacing the Paraguayan Peso. It is named after one of the country's indigenous peoples, the Guaraní, which enhances its symbolic and cultural value. The PYG is one of the oldest currencies in Latin America still in circulation in its original form. Although Paraguay has experienced moderate inflation over the decades, the stability of the PYG is generally perceived as superior to that of many other currencies in the region.
Monetary Policy of the Paraguayan Guarani
The Central Bank of Paraguay (Banco Central del Paraguay - BCP) is the body responsible for monetary policy. Its main objective is to maintain price stability and ensure the soundness of the financial system. The PYG operates under a managed floating exchange rate regime, with BCP interventions when necessary. The tools used include policy rates, open market operations, and reserve requirements. The country maintains relatively strict fiscal discipline to support the credibility of its currency.
Characteristics of the Paraguayan Guarani
The Paraguayan Guarani (PYG) is primarily used in domestic transactions and has low international convertibility. Guarani banknotes feature historical figures and symbols of Paraguayan identity. Despite moderate inflation, the denominations in circulation are often high to compensate for the low face value. Paraguay is one of the few countries to have retained its national currency without major reform since its creation. The PYG remains an important pillar of the country's economic sovereignty and monetary independence.