Remitting from United States to Ecuador

The following table shows how much it costs to remit money from United States To Ecuador. 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

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200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Dolex Dollar Express	MTO	5.00	0.00	2.50	5.00	Next day	Nationwide	Aug 18, 2009
Vigo	MTO	5.00	0.00	2.50	5.00	Less than one hour	Nationwide	Aug 18, 2009
Delgado Travel	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Aug 18, 2009
Dolex Dollar Express	MTO	6.00	0.00	3.00	6.00	Next day	Nationwide	Aug 18, 2009
Girosol	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Aug 18, 2009
La Nacional	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Aug 18, 2009
Remesas Quisqueyana	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Aug 18, 2009
Ria Envia	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Aug 18, 2009
Vigo	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Aug 18, 2009
Dolex Dollar Express	MTO	7.00	0.00	3.50	7.00	Next day	Nationwide	Aug 18, 2009
Vigo	MTO	8.00	0.00	4.00	8.00	Less than one hour	Nationwide	Aug 18, 2009
Western Union	MTO	8.00	0.00	4.00	8.00	Next day	N/A	Aug 18, 2009
Uniteller / Ecuagiros	MTO	9.00	0.00	4.50	9.00	Less than one hour	Nationwide	Aug 18, 2009
MoneyGram	MTO	9.99	0.00	5.00	10.00	Less than one hour	Nationwide	Aug 18, 2009
Western Union	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Aug 18, 2009
MTO Average		6.93	0.00	3.47	6.94
Total Average		6.93	0.00	3.47	6.94
Total Average in First Quarter 2009		7.36	0.00	3.68	7.36

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Uniteller / Ecuagiros	MTO	9.00	0.00	1.80	9.00	Less than one hour	Nationwide	Aug 18, 2009
Vigo	MTO	9.00	0.00	1.80	9.00	Less than one hour	Nationwide	Aug 18, 2009
MoneyGram	MTO	9.99	0.00	2.00	10.00	Less than one hour	Nationwide	Aug 18, 2009
Dolex Dollar Express	MTO	10.00	0.00	2.00	10.00	Next day	Nationwide	Aug 18, 2009
Dolex Dollar Express	MTO	11.00	0.00	2.20	11.00	Next day	Nationwide	Aug 18, 2009
Dolex Dollar Express	MTO	12.00	0.00	2.40	12.00	Next day	Nationwide	Aug 18, 2009
Delgado Travel	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Aug 18, 2009
La Nacional	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Aug 18, 2009
Remesas Quisqueyana	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Aug 18, 2009
Ria Envia	MTO	15.00	0.00	3.00	15.00	Same day	Nationwide	Aug 18, 2009
Vigo	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Aug 18, 2009
Girosol	MTO	16.00	0.00	3.20	16.00	Same day	Nationwide	Aug 18, 2009
Vigo	MTO	20.00	0.00	4.00	20.00	Less than one hour	Nationwide	Aug 18, 2009
Western Union	MTO	20.00	0.00	4.00	20.00	Next day	N/A	Aug 18, 2009
Western Union	MTO	25.00	0.00	5.00	25.00	Less than one hour	Nationwide	Aug 18, 2009
MTO Average		14.47	0.00	2.89	14.45
Total Average		14.47	0.00	2.89	14.45
Total Average in First Quarter 2009		16.14	0.00	3.23	16.15

Corridor note

In this corridor all RSPs send and payout in USD. Ecuador has officially adopted the USD as its currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Dolex Dollar Express	MTO	5.00	0.00	2.50	5.00	Less than one hour	Nationwide	Jan 22, 2009
Delgado Travel	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Jan 22, 2009
Girosol	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Jan 22, 2009
La Nacional	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Jan 22, 2009
Remesas Quisqueyana	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Jan 22, 2009
Ria Envia	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Jan 22, 2009
Vigo	MTO	6.00	0.00	3.00	6.00	Less than one hour	Nationwide	Jan 22, 2009
Uniteller / Ecuagiros	MTO	8.00	0.00	4.00	8.00	Less than one hour	Nationwide	Jan 22, 2009
MoneyGram	MTO	9.99	0.00	5.00	10.00	Less than one hour	Nationwide	Jan 22, 2009
Western Union	MTO	9.99	0.00	5.00	10.00	Next day	Nationwide	Jan 22, 2009
Western Union	MTO	11.99	0.00	6.00	12.00	Less than one hour	Nationwide	Jan 22, 2009
MTO Average		7.36	0.00	3.68	7.36
Total Average		7.36	0.00	3.68	7.36
Total Average in 2008		9.39	0.00	4.70	9.40

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	9.99	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 22, 2009
Dolex Dollar Express	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 22, 2009
Uniteller / Ecuagiros	MTO	12.50	0.00	2.50	12.50	Less than one hour	Nationwide	Jan 22, 2009
Delgado Travel	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Jan 22, 2009
Girosol	MTO	15.00	0.00	3.00	15.00	Same day	Nationwide	Jan 22, 2009
La Nacional	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Jan 22, 2009
Remesas Quisqueyana	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Jan 22, 2009
Ria Envia	MTO	15.00	0.00	3.00	15.00	Same day	Nationwide	Jan 22, 2009
Vigo	MTO	15.00	0.00	3.00	15.00	Less than one hour	Nationwide	Jan 22, 2009
Western Union	MTO	25.00	0.00	5.00	25.00	Next day	Nationwide	Jan 22, 2009
Western Union	MTO	30.00	0.00	6.00	30.00	Less than one hour	Nationwide	Jan 22, 2009
MTO Average		16.14	0.00	3.23	16.15
Total Average		16.14	0.00	3.23	16.15
Total Average in 2008		18.41	0.00	3.68	18.40

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Uniteller / Ecuagiros	MTO	5.50	0.00	2.75	5.50	15 minutes	-	May 12, 2008
Americana de Servicios	MTO	6.00	0.00	3.00	6.00	Same day (before noon)	-	May 12, 2008
Delgado Travel	MTO	6.00	0.00	3.00	6.00	Same day (before noon)	-	May 12, 2008
Girosol	MTO	6.00	0.00	3.00	6.00	4-6 hours	-	May 12, 2008
La Nacional	MTO	6.00	0.00	3.00	6.00	Same day (before noon)	-	May 12, 2008
Ria Envia	MTO	6.00	0.00	3.00	6.00	Same day (before 11)	-	May 12, 2008
Dolex Dollar Express	MTO	7.00	0.00	3.50	7.00	1 hour	-	May 15, 2008
Vigo	MTO	8.00	0.00	4.00	8.00	30 minutes	-	May 12, 2008
MoneyGram	MTO	9.99	0.00	5.00	10.00	10 minutes	-	May 12, 2008
Afex	MTO	10.00	0.00	5.00	10.00	1 hour	-	May 12, 2008
Envios Abreu y Collado	MTO	10.00	0.00	5.00	10.00	Same day	-	May 12, 2008
Western Union	MTO	11.99	0.00	6.00	12.00	2 days	-	May 12, 2008
Remesas Quisqueyana	MTO	15.00	0.00	7.50	15.00	24 hours	-	May 12, 2008
Western Union	MTO	23.99	0.00	12.00	24.00	Within minutes	-	May 12, 2008
MTO Average		9.39	0.00	4.70	9.40
Total Average		9.39	0.00	4.70	9.40
First Quarter 2009		7.36	0.00	3.68	7.36

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	9.99	0.00	2.00	10.00	10 minutes	-	May 12, 2008
Dolex Dollar Express	MTO	10.00	0.00	2.00	10.00	1 hour	-	May 15, 2008
Envios Abreu y Collado	MTO	10.00	0.00	2.00	10.00	Same day	-	May 12, 2008
Uniteller / Ecuagiros	MTO	13.75	0.00	2.75	13.75	15 minutes	-	May 12, 2008
Americana de Servicios	MTO	15.00	0.00	3.00	15.00	Same day (before noon)	-	May 12, 2008
Delgado Travel	MTO	15.00	0.00	3.00	15.00	Same day (before noon)	-	May 12, 2008
Girosol	MTO	15.00	0.00	3.00	15.00	4-6 hours	-	May 12, 2008
La Nacional	MTO	15.00	0.00	3.00	15.00	Same day (before noon)	-	May 12, 2008
Ria Envia	MTO	15.00	0.00	3.00	15.00	Same day (before 11)	-	May 12, 2008
Remesas Quisqueyana	MTO	20.00	0.00	4.00	20.00	24 hours	-	May 12, 2008
Vigo	MTO	20.00	0.00	4.00	20.00	30 minutes	-	May 12, 2008
Afex	MTO	25.00	0.00	5.00	25.00	1 hour	-	May 12, 2008
Western Union	MTO	30.00	0.00	6.00	30.00	2 days	-	May 12, 2008
Western Union	MTO	43.99	0.00	8.80	44.00	Within minutes	-	May 12, 2008
MTO Average		18.41	0.00	3.68	18.40
Total Average		18.41	0.00	3.68	18.40
First Quarter 2009		16.14	0.00	3.23	16.15

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