Sending Money FROM Kenya

The following tables show how much it costs to remit money FROM Kenya TO

FIND & COMPARE PRICES

SENDING MONEY

From

Remitting from Kenya to Rwanda

Collection Period for Go to top

KES|USD|

18000
45000
200
500

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(KES)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account United Bank for Africa (UBA)	Bank	520.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.71	5.60	1008.19	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	950.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	7.55	1359.45	Less than one hour	Cash pick up at branches/agents such as Fina Bank Main city	Feb 05, 2013
Product: Cash to cash Western Union	MTO	1000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.19	7.74	1393.70	Less than one hour	Cash pick up at branches/agents such as Rwandan Commercial Bank, post offices Nationwide	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	1213.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	8.84	1590.95	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Account to account Citibank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	10.43	1877.95	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	10.61	1909.45	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.36	10.70	1925.20	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.45	10.78	1940.94	Same day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.84	12.95	2330.71	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.92	13.04	2346.46	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		1466.62	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	10.37	1866.23	Total Average First quarter 2013 9.82 Total Average Third quarter 2012 10.52
MTO Average		975.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	7.65	1376.57
Total Average		1368.30	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	9.82	1768.30
Total Average in Third quarter 2012		1368.30	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.92	10.52	1894.40

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(KES)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account United Bank for Africa (UBA)	Bank	520.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.71	3.87	1740.47	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Citibank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	5.43	2444.88	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	5.61	2523.62	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.36	5.70	2562.99	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.45	5.78	2602.36	Same day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.84	6.28	2826.77	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.92	6.37	2866.14	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	1900.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	6.50	2923.62	Less than one hour	Cash pick up at branches/agents such as Fina Bank Main city	Feb 05, 2013
Product: Cash to cash Western Union	MTO	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.19	6.63	2984.25	Less than one hour	Cash pick up at branches/agents such as Rwandan Commercial Bank, post offices Nationwide	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	3000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	8.77	3944.88	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Bank Average		1690.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	5.98	2689.02	Total Average First quarter 2013 6.09 Total Average Third quarter 2012 6.79
MTO Average		1950.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	6.56	2953.94
Total Average		1742.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	6.09	2742.00
Total Average in Third quarter 2012		1742.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.92	6.79	3057.24

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account United Bank for Africa (UBA)	Bank	5.78	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.71	5.60	11.20	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	10.56	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	7.55	15.10	Less than one hour	Cash pick up at branches/agents such as Fina Bank Main city	Feb 05, 2013
Product: Cash to cash Western Union	MTO	11.11	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.19	7.74	15.49	Less than one hour	Cash pick up at branches/agents such as Rwandan Commercial Bank, post offices Nationwide	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	13.48	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	8.84	17.68	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Account to account Citibank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	10.43	20.87	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	10.61	21.22	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.36	10.70	21.39	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.45	10.78	21.57	Same day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.84	12.95	25.90	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.92	13.04	26.07	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		16.30	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	10.37	20.74	Total Average First quarter 2013 9.82 Total Average Third quarter 2012 10.52
MTO Average		10.83	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	7.65	15.30
Total Average		15.20	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	9.82	19.65
Total Average in Third quarter 2012		15.20	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.92	10.52	21.05

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account United Bank for Africa (UBA)	Bank	5.78	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.71	3.87	19.34	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Citibank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	5.43	27.17	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	5.61	28.04	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.36	5.70	28.48	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.45	5.78	28.92	Same day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.84	6.28	31.41	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.92	6.37	31.85	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	21.11	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	6.50	32.48	Less than one hour	Cash pick up at branches/agents such as Fina Bank Main city	Feb 05, 2013
Product: Cash to cash Western Union	MTO	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.19	6.63	33.16	Less than one hour	Cash pick up at branches/agents such as Rwandan Commercial Bank, post offices Nationwide	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	33.33	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	8.77	43.83	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Bank Average		18.78	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	5.98	29.88	Total Average First quarter 2013 6.09 Total Average Third quarter 2012 6.79
MTO Average		21.67	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	6.56	32.82
Total Average		19.36	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.22	6.09	30.47
Total Average in Third quarter 2012		19.36	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.92	6.79	33.97

Note:

In this corridor all RSPs send KES and pay out USD. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.

Remitting from Kenya to Uganda

Collection Period for Go to top

KES|USD|

18000
45000
200
500

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(KES)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Cash to cash MoneyGram	MTO	315.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	4.02	724.45	Less than one hour	Cash pick up at branches/agents such as Stanbic Bank Nationwide	Feb 05, 2013
Product: Cash to cash Western Union	MTO	620.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.19	5.63	1013.70	Less than one hour	Cash pick up at branches/agents such as Barclays Bank Nationwide	Feb 05, 2013
Product: Account to account United Bank for Africa (UBA)	Bank	575.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.71	5.91	1063.19	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	575.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.71	5.91	1063.19	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	1213.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	8.84	1590.95	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Account to account Citibank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	10.43	1877.95	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	10.61	1909.45	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.36	10.70	1925.20	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash Posta Kenya	Post office	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.45	10.78	1940.94	3-5 days	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.45	10.78	1940.94	Same day	Own/partner bank account in receiving country Major cities	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.84	12.95	2330.71	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.92	13.04	2346.46	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		1373.67	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.27	9.91	1783.12	Total Average First quarter 2013 9.13 Total Average Third quarter 2012 9.61
MTO Average		467.50	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	4.83	869.07
Post office Average		1500.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.45	10.78	1940.94
Total Average		1233.17	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.28	9.13	1643.93
Total Average in Third quarter 2012		1211.50	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.88	9.61	1730.09

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(KES)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Cash to cash MoneyGram	MTO	787.50	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	4.02	1811.12	Less than one hour	Cash pick up at branches/agents such as Stanbic Bank Nationwide	Feb 05, 2013
Product: Cash to cash Western Union	MTO	940.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.19	4.28	1924.25	Less than one hour	Cash pick up at branches/agents such as Barclays Bank Nationwide	Feb 05, 2013
Product: Account to account United Bank for Africa (UBA)	Bank	925.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.71	4.77	2145.47	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	925.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.71	4.77	2145.47	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Account to account Citibank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	5.43	2444.88	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.27	5.61	2523.62	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.36	5.70	2562.99	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	1500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.45	5.78	2602.36	Same day	Own/partner bank account in receiving country Major cities	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.84	6.28	2826.77	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	2000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 1.92	6.37	2866.14	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash Posta Kenya	Post office	2500.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.45	8.01	3602.36	3-5 days	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	3000.00	Percentage difference between Interbank exchange rate 0.01 and exchange rate charged 0.01 2.10	8.77	3944.88	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Bank Average		1650.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.27	5.94	2673.62	Total Average First quarter 2013 5.81 Total Average Third quarter 2012 6.41
MTO Average		863.75	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	4.15	1867.69
Post office Average		2500.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.45	8.01	3602.36
Total Average		1589.79	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.28	5.81	2616.69
Total Average in Third quarter 2012		1586.46	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.88	6.41	2882.93

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Cash to cash MoneyGram	MTO	3.50	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	4.02	8.05	Less than one hour	Cash pick up at branches/agents such as Stanbic Bank Nationwide	Feb 05, 2013
Product: Cash to cash Western Union	MTO	6.89	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.19	5.63	11.26	Less than one hour	Cash pick up at branches/agents such as Barclays Bank Nationwide	Feb 05, 2013
Product: Account to account United Bank for Africa (UBA)	Bank	6.39	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.71	5.91	11.81	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	6.39	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.71	5.91	11.81	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	13.48	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	8.84	17.68	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Account to account Citibank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	10.43	20.87	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	10.61	21.22	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.36	10.70	21.39	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash Posta Kenya	Post office	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.45	10.78	21.57	3-5 days	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.45	10.78	21.57	Same day	Own/partner bank account in receiving country Major cities	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.84	12.95	25.90	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.92	13.04	26.07	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		15.26	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.27	9.91	19.81	Total Average First quarter 2013 9.13 Total Average Third quarter 2012 9.61
MTO Average		5.19	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	4.83	9.66
Post office Average		16.67	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.45	10.78	21.57
Total Average		13.70	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.28	9.13	18.27
Total Average in Third quarter 2012		13.46	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.88	9.61	19.22

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Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Cash to cash MoneyGram	MTO	8.75	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	4.02	20.12	Less than one hour	Cash pick up at branches/agents such as Stanbic Bank Nationwide	Feb 05, 2013
Product: Cash to cash Western Union	MTO	10.44	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.19	4.28	21.38	Less than one hour	Cash pick up at branches/agents such as Barclays Bank Nationwide	Feb 05, 2013
Product: Account to account United Bank for Africa (UBA)	Bank	10.28	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.71	4.77	23.84	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	10.28	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.71	4.77	23.84	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Account to account Citibank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	5.43	27.17	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account ABC Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.27	5.61	28.04	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Equatorial Commercial Bank	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.36	5.70	28.48	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Fina Direct	Bank	16.67	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.45	5.78	28.92	Same day	Own/partner bank account in receiving country Major cities	Feb 05, 2013
Product: Account to account Kenya Commercial Bank (KCB)	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.84	6.28	31.41	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Development Bank of Kenya	Bank	22.22	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.92	6.37	31.85	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash Posta Kenya	Post office	27.78	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.45	8.01	40.03	3-5 days	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Cash to cash Ecobank	Bank	33.33	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.10	8.77	43.83	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Bank Average		18.33	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.27	5.94	29.71	Total Average First quarter 2013 5.81 Total Average Third quarter 2012 6.41
MTO Average		9.60	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.23	4.15	20.75
Post office Average		27.78	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.45	8.01	40.03
Total Average		17.66	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.28	5.81	29.07
Total Average in Third quarter 2012		17.63	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.88	6.41	32.03

Note:

In this corridor all RSPs send KES and pay out USD. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.