Remitting from Tanzania to Rwanda

The following table shows how much it costs to remit money from Tanzania To Rwanda. 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 TZS | USD

265000660000

				Total cost
Firm name	Firm type	Fee (TZS)	Exchange rate margin (%)	Percent (%)	TZS	Transfer speed	Network Coverage	Date
Exim Bank Tanzania Ltd	Bank	16000.00	2.38	8.41	22286.50	Less than one hour	Nationwide	Aug 20, 2009
MoneyGram	MTO	24000.00	-0.59	8.47	22445.50	Less than one hour	Main city	Aug 20, 2009
Twiga Bancorp (MoneyGram)	Bank/MTO	24000.00	-0.59	8.47	22445.50	Less than one hour	Nationwide	Aug 20, 2009
KCB (Kenya Commercial Bank)	Bank	25000.00	0.02	9.46	25069.00	Less than one hour	Nationwide	Aug 20, 2009
NMB (National Microfinance Bank)*	Non-Bank FI	26500.00	*0.00	*10.00	*26500.00	3-5 days	Nationwide	Aug 20, 2009
Tanzania Postal Corporation	Post office	29150.00	0.02	11.02	29203.00	Less than one hour	Nationwide	Aug 20, 2009
Western Union	MTO	29150.00	0.02	11.02	29203.00	Less than one hour	Nationwide	Aug 20, 2009
NBC (National Bank of Commerce Ltd)*	Bank	66250.00	*0.00	*25.00	*66250.00	3-5 days	Nationwide	Aug 20, 2009
Stanbic Bank*	Bank	72875.00	*0.00	*27.50	*72875.00	2 days	Nationwide	Aug 20, 2009
Standard Charterd Bank Tanzania*	Bank	119250.00	*0.00	*45.00	*119250.00	Next day	Nationwide	Aug 20, 2009
Bank Average		59875.00	0.48	23.07	61135.50
Bank/MTO Average		24000.00	-0.59	8.47	22445.50
MTO Average		26575.00	-0.28	9.75	25837.50
Non-Bank FI Average		26500.00	0.00	10.00	26500.00
Post office Average		29150.00	0.02	11.02	29203.00
Total Average		43217.50	0.13	16.44	43566.00

	Total cost
Firm name	Firm type	Fee (TZS)	Exchange rate margin (%)	Percent (%)	TZS	Transfer speed	Network Coverage	Date
Exim Bank Tanzania Ltd	Bank	16000.00	2.38	2.43	16038.00	Less than one hour	Nationwide	Aug 20, 2009
NMB (National Microfinance Bank)*	Non-Bank FI	26500.00	*0.00	*4.02	*26532.00	3-5 days	Nationwide	Aug 20, 2009
MoneyGram	MTO	32000.00	-0.59	4.85	32010.00	Less than one hour	Main city	Aug 20, 2009
Twiga Bancorp (MoneyGram)	Bank/MTO	32000.00	-0.59	4.85	32010.00	Less than one hour	Nationwide	Aug 20, 2009
KCB (Kenya Commercial Bank)	Bank	43000.00	0.02	6.52	43032.00	Less than one hour	Nationwide	Aug 20, 2009
Tanzania Postal Corporation	Post office	58080.00	0.02	8.80	58080.00	Less than one hour	Nationwide	Aug 20, 2009
Western Union	MTO	58080.00	0.02	8.80	58080.00	Less than one hour	Nationwide	Aug 20, 2009
NBC (National Bank of Commerce Ltd)*	Bank	66250.00	*0.00	*10.04	*66264.00	3-5 days	Nationwide	Aug 20, 2009
Stanbic Bank*	Bank	72875.00	*0.00	*11.04	*72864.00	2 days	Nationwide	Aug 20, 2009
Standard Charterd Bank Tanzania*	Bank	119250.00	*0.00	*18.07	*119262.00	Next day	Nationwide	Aug 20, 2009
Bank Average		63475.00	0.48	9.62	63492.00
Bank/MTO Average		32000.00	-0.59	4.85	32010.00
MTO Average		45040.00	-0.28	6.82	45012.00
Non-Bank FI Average		26500.00	0.00	4.02	26532.00
Post office Average		58080.00	0.02	8.80	58080.00
Total Average		52403.50	0.13	7.94	52404.00

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
Exim Bank Tanzania Ltd	Bank	12.00	2.38	8.41	16.82	Less than one hour	Nationwide	Aug 20, 2009
MoneyGram	MTO	18.11	-0.59	8.47	16.94	Less than one hour	Main city	Aug 20, 2009
Twiga Bancorp (MoneyGram)	Bank/MTO	18.11	-0.59	8.47	16.94	Less than one hour	Nationwide	Aug 20, 2009
KCB (Kenya Commercial Bank)	Bank	18.87	0.02	9.46	18.92	Less than one hour	Nationwide	Aug 20, 2009
NMB (National Microfinance Bank)*	Non-Bank FI	20.00	*0.00	*10.00	*20.00	3-5 days	Nationwide	Aug 20, 2009
Tanzania Postal Corporation	Post office	22.00	0.02	11.02	22.04	Less than one hour	Nationwide	Aug 20, 2009
Western Union	MTO	22.00	0.02	11.02	22.04	Less than one hour	Nationwide	Aug 20, 2009
NBC (National Bank of Commerce Ltd)*	Bank	50.00	*0.00	*25.00	*50.00	3-5 days	Nationwide	Aug 20, 2009
Stanbic Bank*	Bank	55.00	*0.00	*27.50	*55.00	2 days	Nationwide	Aug 20, 2009
Standard Charterd Bank Tanzania*	Bank	90.00	*0.00	*45.00	*90.00	Next day	Nationwide	Aug 20, 2009
Bank Average		45.17	0.48	23.07	46.14
Bank/MTO Average		18.11	-0.59	8.47	16.94
MTO Average		20.06	-0.28	9.75	19.50
Non-Bank FI Average		20.00	0.00	10.00	20.00
Post office Average		22.00	0.02	11.02	22.04
Total Average		32.61	0.13	16.44	32.88

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Exim Bank Tanzania Ltd	Bank	12.12	2.38	2.43	12.15	Less than one hour	Nationwide	Aug 20, 2009
NMB (National Microfinance Bank)*	Non-Bank FI	20.00	*0.00	*4.02	*20.10	3-5 days	Nationwide	Aug 20, 2009
MoneyGram	MTO	24.24	-0.59	4.85	24.25	Less than one hour	Main city	Aug 20, 2009
Twiga Bancorp (MoneyGram)	Bank/MTO	24.24	-0.59	4.85	24.25	Less than one hour	Nationwide	Aug 20, 2009
KCB (Kenya Commercial Bank)	Bank	32.58	0.02	6.52	32.60	Less than one hour	Nationwide	Aug 20, 2009
Tanzania Postal Corporation	Post office	44.00	0.02	8.80	44.00	Less than one hour	Nationwide	Aug 20, 2009
Western Union	MTO	44.00	0.02	8.80	44.00	Less than one hour	Nationwide	Aug 20, 2009
NBC (National Bank of Commerce Ltd)*	Bank	50.00	*0.00	*10.04	*50.20	3-5 days	Nationwide	Aug 20, 2009
Stanbic Bank*	Bank	55.00	*0.00	*11.04	*55.20	2 days	Nationwide	Aug 20, 2009
Standard Charterd Bank Tanzania*	Bank	90.00	*0.00	*18.07	*90.35	Next day	Nationwide	Aug 20, 2009
Bank Average		47.94	0.48	9.62	48.10
Bank/MTO Average		24.24	-0.59	4.85	24.25
MTO Average		34.12	-0.28	6.82	34.10
Non-Bank FI Average		20.00	0.00	4.02	20.10
Post office Average		44.00	0.02	8.80	44.00
Total Average		39.62	0.13	7.94	39.70

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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