Remitting from Australia to Papua New Guinea

The following table shows how much it costs to remit money from Australia To Papua New Guinea. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

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Collection period for Third quarter 2009

See prices in AUD | USD

240600

				Total cost
Firm name	Firm type	Fee (AUD)	Exchange rate margin (%)	Percent (%)	AUD	Transfer speed	Network Coverage	Date
St. George*	Bank	20.00	*0.00	*8.33	*19.99	3-5 days	Nationwide	Aug 08, 2009
St. George*	Bank	30.00	*0.00	*12.50	*30.00	3-5 days	Nationwide	Aug 08, 2009
HSBC	Bank	20.00	4.95	13.29	31.90	3-5 days	Nationwide	Aug 08, 2009
Citibank	Bank	25.00	3.15	13.57	32.57	2 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	20.00	5.41	13.74	32.98	Less than one hour	Nationwide	Aug 08, 2009
BankWest*	Bank	35.00	*0.00	*14.58	*34.99	3-5 days	Nationwide	Aug 08, 2009
HSBC	Bank	25.00	4.95	15.37	36.89	3-5 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	24.00	5.86	15.86	38.06	3-5 days	Nationwide	Aug 08, 2009
Westpac	Bank	20.00	9.01	17.34	41.62	2 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	28.00	5.86	17.52	42.05	3-5 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	22.00	8.56	17.73	42.55	3-5 days	Nationwide	Aug 08, 2009
Suncorp	Bank	20.00	11.71	20.05	48.12	3-5 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	28.00	8.56	20.23	48.55	3-5 days	Nationwide	Aug 08, 2009
Westpac	Bank	30.00	9.01	21.51	51.62	2 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	22.00	12.61	21.78	52.27	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	35.00	9.46	24.04	57.70	Less than one hour	Nationwide	Aug 08, 2009
Suncorp	Bank	30.00	11.71	24.21	58.10	3-5 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	30.00	12.61	25.11	60.26	3-5 days	Nationwide	Aug 08, 2009
Bank Average		25.56	6.78	17.44	41.86
MTO Average		27.50	7.43	18.89	45.34
Total Average		25.78	6.86	17.60	42.24

	Total cost
Firm name	Firm type	Fee (AUD)	Exchange rate margin (%)	Percent (%)	AUD	Transfer speed	Network Coverage	Date
St. George*	Bank	20.00	*0.00	*3.33	*19.98	3-5 days	Nationwide	Aug 08, 2009
St. George*	Bank	30.00	*0.00	*5.00	*30.00	3-5 days	Nationwide	Aug 08, 2009
BankWest*	Bank	35.00	*0.00	*5.83	*34.98	3-5 days	Nationwide	Aug 08, 2009
Citibank	Bank	25.00	3.15	7.32	43.92	2 days	Nationwide	Aug 08, 2009
HSBC	Bank	20.00	4.95	8.29	49.74	3-5 days	Nationwide	Aug 08, 2009
HSBC	Bank	25.00	4.95	9.12	54.72	3-5 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	24.00	5.86	9.86	59.16	3-5 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	28.00	5.86	10.52	63.12	3-5 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	22.00	8.56	12.23	73.38	3-5 days	Nationwide	Aug 08, 2009
Westpac	Bank	20.00	9.01	12.34	74.04	2 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	28.00	8.56	13.23	79.38	3-5 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	50.00	5.41	13.74	82.44	Less than one hour	Nationwide	Aug 08, 2009
Westpac	Bank	30.00	9.01	14.01	84.06	2 days	Nationwide	Aug 08, 2009
Suncorp	Bank	20.00	11.71	15.05	90.30	3-5 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	22.00	12.61	16.28	97.68	3-5 days	Nationwide	Aug 08, 2009
Suncorp	Bank	30.00	11.71	16.71	100.26	3-5 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	30.00	12.61	17.61	105.66	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	50.00	9.46	17.79	106.74	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		25.56	6.78	11.05	66.30
MTO Average		50.00	7.43	15.77	94.62
Total Average		28.28	6.86	11.57	69.42

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
St. George*	Bank	16.67	*0.00	*8.33	*16.66	3-5 days	Nationwide	Aug 08, 2009
St. George*	Bank	25.00	*0.00	*12.50	*25.00	3-5 days	Nationwide	Aug 08, 2009
HSBC	Bank	16.67	4.95	13.29	26.58	3-5 days	Nationwide	Aug 08, 2009
Citibank	Bank	20.83	3.15	13.57	27.14	2 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	16.67	5.41	13.74	27.48	Less than one hour	Nationwide	Aug 08, 2009
BankWest*	Bank	29.17	*0.00	*14.58	*29.16	3-5 days	Nationwide	Aug 08, 2009
HSBC	Bank	20.83	4.95	15.37	30.74	3-5 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	20.00	5.86	15.86	31.72	3-5 days	Nationwide	Aug 08, 2009
Westpac	Bank	16.67	9.01	17.34	34.68	2 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	23.33	5.86	17.52	35.04	3-5 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	18.33	8.56	17.73	35.46	3-5 days	Nationwide	Aug 08, 2009
Suncorp	Bank	16.67	11.71	20.05	40.10	3-5 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	23.33	8.56	20.23	40.46	3-5 days	Nationwide	Aug 08, 2009
Westpac	Bank	25.00	9.01	21.51	43.02	2 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	18.33	12.61	21.78	43.56	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	29.17	9.46	24.04	48.08	Less than one hour	Nationwide	Aug 08, 2009
Suncorp	Bank	25.00	11.71	24.21	48.42	3-5 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	25.00	12.61	25.11	50.22	3-5 days	Nationwide	Aug 08, 2009
Bank Average		21.30	6.78	17.44	34.88
MTO Average		22.92	7.43	18.89	37.78
Total Average		21.48	6.86	17.60	35.20

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
St. George*	Bank	16.67	*0.00	*3.33	*16.65	3-5 days	Nationwide	Aug 08, 2009
St. George*	Bank	25.00	*0.00	*5.00	*25.00	3-5 days	Nationwide	Aug 08, 2009
BankWest*	Bank	29.17	*0.00	*5.83	*29.15	3-5 days	Nationwide	Aug 08, 2009
Citibank	Bank	20.83	3.15	7.32	36.60	2 days	Nationwide	Aug 08, 2009
HSBC	Bank	16.67	4.95	8.29	41.45	3-5 days	Nationwide	Aug 08, 2009
HSBC	Bank	20.83	4.95	9.12	45.60	3-5 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	20.00	5.86	9.86	49.30	3-5 days	Nationwide	Aug 08, 2009
ANZ Bank	Bank	23.33	5.86	10.52	52.60	3-5 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	18.33	8.56	12.23	61.15	3-5 days	Nationwide	Aug 08, 2009
Westpac	Bank	16.67	9.01	12.34	61.70	2 days	Nationwide	Aug 08, 2009
Commonwealth Bank	Bank	23.33	8.56	13.23	66.15	3-5 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	41.67	5.41	13.74	68.70	Less than one hour	Nationwide	Aug 08, 2009
Westpac	Bank	25.00	9.01	14.01	70.05	2 days	Nationwide	Aug 08, 2009
Suncorp	Bank	16.67	11.71	15.05	75.25	3-5 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	18.33	12.61	16.28	81.40	3-5 days	Nationwide	Aug 08, 2009
Suncorp	Bank	25.00	11.71	16.71	83.55	3-5 days	Nationwide	Aug 08, 2009
National Australia Bank (NAB)	Bank	25.00	12.61	17.61	88.05	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	41.67	9.46	17.79	88.95	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		21.30	6.78	11.05	55.25
MTO Average		41.67	7.43	15.77	78.85
Total Average		23.56	6.86	11.57	57.85

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

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