Remitting from Netherlands to Nigeria

The following table shows how much it costs to remit money from Netherlands To Nigeria. 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 | First quarter 2009 | 2008

See prices in EUR | USD

140350

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Moneybookers	MTO	2.30	1.75	3.39	4.75	Less than one hour	Nationwide	Aug 15, 2009
ABN AMRO Bank	Bank	5.50	0.70	4.63	6.48	6 days or more	Nationwide	Aug 15, 2009
iKobo	MTO	7.74	1.40	6.93	9.70	Less than one hour	Nationwide	Aug 15, 2009
MoneyGram	MTO	9.99	1.79	8.93	12.50	Less than one hour	Nationwide	Aug 15, 2009
Western Union	MTO	11.00	4.83	12.69	17.77	Less than one hour	Nationwide	Aug 15, 2009
ING Bank/Postbank	Bank	25.00	5.29	23.14	32.40	6 days or more	Nationwide	Aug 15, 2009
Fortis Bank	Bank	26.80	7.69	26.84	37.58	6 days or more	Nationwide	Aug 15, 2009
Bank Average		19.10	4.56	18.20	25.48
MTO Average		7.76	2.44	7.98	11.17
Total Average		12.62	3.35	12.36	17.30
Total Average in First Quarter 2009		13.74	1.08	11.27	15.78

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
ABN AMRO Bank	Bank	5.50	0.70	2.27	7.94	6 days or more	Nationwide	Aug 15, 2009
Moneybookers	MTO	2.30	3.50	4.15	14.53	Less than one hour	Nationwide	Aug 15, 2009
iKobo	MTO	14.05	1.40	5.41	18.93	Less than one hour	Nationwide	Aug 15, 2009
MoneyGram	MTO	14.99	1.79	6.07	21.24	Less than one hour	Nationwide	Aug 15, 2009
Western Union	MTO	17.00	4.83	9.69	33.92	Less than one hour	Nationwide	Aug 15, 2009
ING Bank/Postbank	Bank	25.00	5.31	12.46	43.61	6 days or more	Nationwide	Aug 15, 2009
Fortis Bank	Bank	26.80	7.69	15.35	53.72	6 days or more	Nationwide	Aug 15, 2009
Bank Average		19.10	4.57	10.03	35.10
MTO Average		12.08	2.88	6.33	22.16
Total Average		15.09	3.60	7.92	27.72
Total Average in First Quarter 2009		19.24	1.08	6.92	24.22

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Moneybookers	MTO	3.29	1.75	3.39	6.78	Less than one hour	Nationwide	Aug 15, 2009
ABN AMRO Bank	Bank	7.86	0.70	4.63	9.26	6 days or more	Nationwide	Aug 15, 2009
iKobo	MTO	11.06	1.40	6.93	13.86	Less than one hour	Nationwide	Aug 15, 2009
MoneyGram	MTO	14.27	1.79	8.93	17.86	Less than one hour	Nationwide	Aug 15, 2009
Western Union	MTO	15.71	4.83	12.69	25.38	Less than one hour	Nationwide	Aug 15, 2009
ING Bank/Postbank	Bank	35.71	5.29	23.14	46.28	6 days or more	Nationwide	Aug 15, 2009
Fortis Bank	Bank	38.29	7.69	26.84	53.68	6 days or more	Nationwide	Aug 15, 2009
Bank Average		27.29	4.56	18.20	36.40
MTO Average		11.08	2.44	7.98	15.96
Total Average		18.03	3.35	12.36	24.72
Total Average in First Quarter 2009		20.36	1.08	11.27	22.54

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ABN AMRO Bank	Bank	7.86	0.70	2.27	11.35	6 days or more	Nationwide	Aug 15, 2009
Moneybookers	MTO	3.29	3.50	4.15	20.75	Less than one hour	Nationwide	Aug 15, 2009
iKobo	MTO	20.07	1.40	5.41	27.05	Less than one hour	Nationwide	Aug 15, 2009
MoneyGram	MTO	21.41	1.79	6.07	30.35	Less than one hour	Nationwide	Aug 15, 2009
Western Union	MTO	24.29	4.83	9.69	48.45	Less than one hour	Nationwide	Aug 15, 2009
ING Bank/Postbank	Bank	35.71	5.31	12.46	62.30	6 days or more	Nationwide	Aug 15, 2009
Fortis Bank	Bank	38.29	7.69	15.35	76.75	6 days or more	Nationwide	Aug 15, 2009
Bank Average		27.29	4.57	10.03	50.15
MTO Average		17.26	2.88	6.33	31.65
Total Average		21.56	3.60	7.92	39.60
Total Average in First Quarter 2009		29.16	1.08	6.92	34.60

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
MoneyGram	MTO	9.99	0.17	7.57	10.22	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	17.50	2.00	14.96	20.20	Less than one hour	Nationwide	Feb 12, 2009
MTO Average		13.74	1.08	11.27	15.21
Total Average		13.74	1.08	11.27	15.21
Total Average in 2008		10.50	5.37	13.15	17.75

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.99	0.17	4.71	15.54	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	23.50	2.00	9.12	30.10	Less than one hour	Nationwide	Feb 12, 2009
MTO Average		19.24	1.08	6.92	22.84
Total Average		19.24	1.08	6.92	22.84
Total Average in 2008		16.00	5.37	10.22	33.73

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.80	0.17	7.57	15.14	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	25.93	2.00	14.96	29.92	Less than one hour	Nationwide	Feb 12, 2009
MTO Average		20.36	1.08	11.27	22.54
Total Average		20.36	1.08	11.27	22.54
Total Average in 2008		15.55	5.37	13.15	26.30

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	22.71	0.17	4.71	23.55	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	35.61	2.00	9.12	45.60	Less than one hour	Nationwide	Feb 12, 2009
MTO Average		29.16	1.08	6.92	34.60
Total Average		29.16	1.08	6.92	34.60
Total Average in 2008		24.23	5.37	10.22	51.10

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
MoneyGram	MTO	9.99	4.55	11.95	16.13	Same day	-	May 30, 2008
Western Union	MTO	11.00	6.20	14.34	19.36	Same day	-	May 30, 2008
MTO Average		10.50	5.37	13.15	17.75
Total Average		10.50	5.37	13.15	17.75
First Quarter 2009		13.74	1.08	11.27	15.21

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.99	4.55	9.09	30.00	Same day	-	May 30, 2008
Western Union	MTO	17.00	6.20	11.35	37.46	Same day	-	May 30, 2008
MTO Average		16.00	5.37	10.22	33.73
Total Average		16.00	5.37	10.22	33.73
First Quarter 2009		19.24	1.08	6.92	22.84

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.80	4.55	11.95	23.90	Same day	-	May 30, 2008
Western Union	MTO	16.30	6.20	14.34	28.68	Same day	-	May 30, 2008
MTO Average		15.55	5.37	13.15	26.30
Total Average		15.55	5.37	13.15	26.30
First Quarter 2009		20.36	1.08	11.27	22.54

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	22.71	4.55	9.09	45.45	Same day	-	May 30, 2008
Western Union	MTO	25.76	6.20	11.35	56.75	Same day	-	May 30, 2008
MTO Average		24.23	5.37	10.22	51.10
Total Average		24.23	5.37	10.22	51.10
First Quarter 2009		29.16	1.08	6.92	34.60

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