Wise now supports Paraguayan Guaraní balances for expats

Wise Now Lets You Hold Guaraníes: Good News for Foreigners in Paraguay

What changed
Why it matters
Before vs. now

What changed

Wise now allows you to hold a balance directly in Paraguayan Guaraníes (PYG).

For expats, freelancers, and remote workers in Paraguay, this is a meaningful upgrade for day-to-day money management.

You no longer need to convert on the fly every time you pay locally.

Why it matters

With a PYG balance inside Wise you can:

Convert USD or EUR to Guaraníes when the rate is favorable.
Hold PYG inside your Wise account.
Pay locally in Guaraníes with your Wise card.
Avoid unpredictable local bank exchange rates.
Skip hidden conversion fees when paying.
Get better rates than many local exchange houses.

If you earn in USD or EUR, this makes cash flow much more transparent.

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To compare local banking options, see how to open a bank account in Paraguay.

Before vs. now

Before, many foreigners had to:

Exchange money at local banks.
Accept unclear card conversion rates.
Withdraw cash frequently.
Lose money on spreads and fees.

Now, you can plan conversions, hold Guaraníes, and pay locally with more control.

If you want to try Wise, you can sign up with this referral link.

Will fintechs like Wise keep reshaping banking for expats in LATAM? The trend says yes — more transparency, less friction, and better exchange-rate control.

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