Remitting from Canada to Vietnam

The following table shows how much it costs to remit money from Canada To Vietnam. 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 CAD | USD

216540

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	8.64	0.00	4.00	8.64	Next day	Nationwide	Aug 28, 2009
LeGoiTienLe	MTO	8.64	0.00	4.00	8.64	3-5 days	Nationwide	Aug 28, 2009
iKobo	MTO	11.50	0.00	5.32	11.49	Less than one hour	Nationwide	Aug 28, 2009
ScotiaBank	Bank	11.16	1.71	6.87	14.84	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	12.00	1.71	7.26	15.68	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	12.00	1.71	7.26	15.68	Less than one hour	Nationwide	Aug 28, 2009
ScotiaBank	Bank	12.50	2.20	7.98	17.24	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	15.00	2.20	9.14	19.74	3-5 days	Nationwide	Aug 28, 2009
MoneyGram	MTO	15.00	3.30	10.24	22.12	Less than one hour	Nationwide	Aug 28, 2009
Bank of Montreal	Bank	25.00	2.20	13.77	29.74	3-5 days	Nationwide	Aug 28, 2009
CIBC	Bank	30.00	2.20	16.09	34.75	3-5 days	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	30.00	2.20	16.09	34.75	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	35.00	2.20	18.40	39.74	3-5 days	Nationwide	Aug 28, 2009
Bank Average		22.67	2.13	12.62	27.26
MTO Average		11.30	1.12	6.35	13.72
Total Average		17.42	1.66	9.73	21.02
Total Average in First Quarter 2009		22.19	1.22	12.31	26.59

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
iKobo	MTO	21.25	0.00	4.25	22.95	Less than one hour	Nationwide	Aug 28, 2009
LeGoiTienLe	MTO	21.60	0.00	4.32	23.33	Next day	Nationwide	Aug 28, 2009
LeGoiTienLe	MTO	21.60	0.00	4.32	23.33	3-5 days	Nationwide	Aug 28, 2009
ScotiaBank	Bank	14.40	1.71	4.59	24.79	Less than one hour	Nationwide	Aug 28, 2009
ScotiaBank	Bank	12.50	2.20	4.70	25.38	3-5 days	Nationwide	Aug 28, 2009
Western Union	MTO	16.20	1.71	4.95	26.73	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	16.20	1.71	4.95	26.73	Less than one hour	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	15.00	2.20	5.20	28.08	3-5 days	Nationwide	Aug 28, 2009
Bank of Montreal	Bank	25.00	2.20	7.20	38.88	3-5 days	Nationwide	Aug 28, 2009
CIBC	Bank	30.00	2.20	8.20	44.28	3-5 days	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	30.00	2.20	8.20	44.28	3-5 days	Nationwide	Aug 28, 2009
MoneyGram	MTO	25.00	3.30	8.30	44.82	Less than one hour	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	35.00	2.20	9.20	49.68	3-5 days	Nationwide	Aug 28, 2009
Bank Average		23.13	2.13	6.75	36.45
MTO Average		20.31	1.12	5.18	27.97
Total Average		21.83	1.66	6.03	32.56
Total Average in First Quarter 2009		24.69	1.22	6.15	33.21

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	8.00	0.00	4.00	8.00	Next day	Nationwide	Aug 28, 2009
LeGoiTienLe	MTO	8.00	0.00	4.00	8.00	3-5 days	Nationwide	Aug 28, 2009
iKobo	MTO	11.50	0.00	5.32	10.64	Less than one hour	Nationwide	Aug 28, 2009
ScotiaBank	Bank	10.33	1.71	6.87	13.74	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	11.11	1.71	7.26	14.52	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	11.11	1.71	7.26	14.52	Less than one hour	Nationwide	Aug 28, 2009
ScotiaBank	Bank	11.57	2.20	7.98	15.96	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	13.89	2.20	9.14	18.28	3-5 days	Nationwide	Aug 28, 2009
MoneyGram	MTO	13.89	3.30	10.24	20.48	Less than one hour	Nationwide	Aug 28, 2009
Bank of Montreal	Bank	23.15	2.20	13.77	27.54	3-5 days	Nationwide	Aug 28, 2009
CIBC	Bank	27.78	2.20	16.09	32.18	3-5 days	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	27.78	2.20	16.09	32.18	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	32.41	2.20	18.40	36.80	3-5 days	Nationwide	Aug 28, 2009
Bank Average		20.99	2.13	12.62	25.24
MTO Average		10.60	1.12	6.35	12.70
Total Average		16.19	1.66	9.73	19.46
Total Average in First Quarter 2009		22.19	1.22	12.31	24.62

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
iKobo	MTO	21.25	0.00	4.25	21.25	Less than one hour	Nationwide	Aug 28, 2009
LeGoiTienLe	MTO	20.00	0.00	4.32	21.60	Next day	Nationwide	Aug 28, 2009
LeGoiTienLe	MTO	20.00	0.00	4.32	21.60	3-5 days	Nationwide	Aug 28, 2009
ScotiaBank	Bank	13.33	1.71	4.59	22.95	Less than one hour	Nationwide	Aug 28, 2009
ScotiaBank	Bank	11.57	2.20	4.70	23.50	3-5 days	Nationwide	Aug 28, 2009
Western Union	MTO	15.00	1.71	4.95	24.75	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	15.00	1.71	4.95	24.75	Less than one hour	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	13.89	2.20	5.20	26.00	3-5 days	Nationwide	Aug 28, 2009
Bank of Montreal	Bank	23.15	2.20	7.20	36.00	3-5 days	Nationwide	Aug 28, 2009
CIBC	Bank	27.78	2.20	8.20	41.00	3-5 days	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	27.78	2.20	8.20	41.00	3-5 days	Nationwide	Aug 28, 2009
MoneyGram	MTO	23.15	3.30	8.30	41.50	Less than one hour	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	32.41	2.20	9.20	46.00	3-5 days	Nationwide	Aug 28, 2009
Bank Average		21.42	2.13	6.75	33.75
MTO Average		19.07	1.12	5.18	25.90
Total Average		20.33	1.66	6.03	30.15
Total Average in First Quarter 2009		24.69	1.22	6.15	30.75

200500

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	8.00	0.00	4.00	8.00	Same day	Nationwide	Feb 13, 2009
Western Union	MTO	12.00	1.00	7.00	14.00	Less than one hour	Nationwide	Feb 13, 2009
ScotiaBank	Bank	12.50	1.25	7.50	15.00	3-5 days	Nationwide	Feb 13, 2009
MoneyGram	MTO	15.00	2.50	10.00	20.00	Less than one hour	Nationwide	Feb 13, 2009
Toronto Dominion Bank	Bank	30.00	-0.01	14.99	29.98	3-5 days	Nationwide	Feb 13, 2009
Royal Bank of Canada	Bank	35.00	0.00	17.50	35.00	3-5 days	Nationwide	Feb 13, 2009
Bank of Montreal	Bank	35.00	1.25	18.75	37.50	3-5 days	Nationwide	Feb 13, 2009
CIBC	Bank	30.00	3.75	18.75	37.50	3-5 days	Nationwide	Feb 13, 2009
Bank Average		28.50	1.25	15.50	31.00
MTO Average		11.67	1.17	7.00	14.00
Total Average		22.19	1.22	12.31	24.62
Total Average in 2008		26.25	1.44	14.57	29.14

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
ScotiaBank	Bank	12.50	1.25	3.75	18.75	3-5 days	Nationwide	Feb 13, 2009
LeGoiTienLe	MTO	20.00	0.00	4.00	20.00	Same day	Nationwide	Feb 13, 2009
Western Union	MTO	15.00	1.00	4.00	20.00	Less than one hour	Nationwide	Feb 13, 2009
Toronto Dominion Bank	Bank	30.00	-0.01	5.99	29.95	3-5 days	Nationwide	Feb 13, 2009
MoneyGram	MTO	20.00	2.50	6.50	32.50	Less than one hour	Nationwide	Feb 13, 2009
Royal Bank of Canada	Bank	35.00	0.00	7.00	35.00	3-5 days	Nationwide	Feb 13, 2009
Bank of Montreal	Bank	35.00	1.25	8.25	41.25	3-5 days	Nationwide	Feb 13, 2009
CIBC	Bank	30.00	3.75	9.75	48.75	3-5 days	Nationwide	Feb 13, 2009
Bank Average		28.50	1.25	6.95	34.75
MTO Average		18.33	1.17	4.83	24.15
Total Average		24.69	1.22	6.15	30.75
Total Average in 2008		28.12	1.35	6.98	34.90

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	8.00	0.00	4.00	8.00	Same day	Nationwide	Feb 13, 2009
Western Union	MTO	12.00	1.00	7.00	14.00	Less than one hour	Nationwide	Feb 13, 2009
ScotiaBank	Bank	12.50	1.25	7.50	15.00	3-5 days	Nationwide	Feb 13, 2009
MoneyGram	MTO	15.00	2.50	10.00	20.00	Less than one hour	Nationwide	Feb 13, 2009
Toronto Dominion Bank	Bank	30.00	-0.01	14.99	29.98	3-5 days	Nationwide	Feb 13, 2009
Royal Bank of Canada	Bank	35.00	0.00	17.50	35.00	3-5 days	Nationwide	Feb 13, 2009
Bank of Montreal	Bank	35.00	1.25	18.75	37.50	3-5 days	Nationwide	Feb 13, 2009
CIBC	Bank	30.00	3.75	18.75	37.50	3-5 days	Nationwide	Feb 13, 2009
Bank Average		28.50	1.25	15.50	31.00
MTO Average		11.67	1.17	7.00	14.00
Total Average		22.19	1.22	12.31	24.62
Total Average in 2008		26.25	1.44	14.57	29.14

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ScotiaBank	Bank	12.50	1.25	3.75	18.75	3-5 days	Nationwide	Feb 13, 2009
LeGoiTienLe	MTO	20.00	0.00	4.00	20.00	Same day	Nationwide	Feb 13, 2009
Western Union	MTO	15.00	1.00	4.00	20.00	Less than one hour	Nationwide	Feb 13, 2009
Toronto Dominion Bank	Bank	30.00	-0.01	5.99	29.95	3-5 days	Nationwide	Feb 13, 2009
MoneyGram	MTO	20.00	2.50	6.50	32.50	Less than one hour	Nationwide	Feb 13, 2009
Royal Bank of Canada	Bank	35.00	0.00	7.00	35.00	3-5 days	Nationwide	Feb 13, 2009
Bank of Montreal	Bank	35.00	1.25	8.25	41.25	3-5 days	Nationwide	Feb 13, 2009
CIBC	Bank	30.00	3.75	9.75	48.75	3-5 days	Nationwide	Feb 13, 2009
Bank Average		28.50	1.25	6.95	34.75
MTO Average		18.33	1.17	4.83	24.15
Total Average		24.69	1.22	6.15	30.75
Total Average in 2008		28.12	1.35	6.98	34.90

200500

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	5.00	2.20	4.70	9.40	Saigon - within 24 hours, other regions - up to 3 days	-	May 21, 2008
Western Union	MTO	15.00	0.18	7.68	15.36	Instant	-	May 21, 2008
MoneyGram	MTO	15.00	2.20	9.70	19.40	Instant	-	May 21, 2008
Toronto Dominion Bank	Bank	30.00	0.18	15.18	30.36	3-5 days- electronic	-	May 21, 2008
ScotiaBank	Bank	35.00	0.18	17.68	35.36	3-5 days- electronic	-	May 21, 2008
CIBC	Bank	30.00	3.21	18.21	36.42	3-5 days- electronic	-	May 21, 2008
Bank of Montreal	Bank	35.00	3.21	20.71	41.42	3-5 days- electronic	-	May 21, 2008
Royal Bank of Canada	Bank	45.00	0.18	22.68	45.36	3-5 days- electronic	-	May 21, 2008
Bank Average		35.00	1.39	18.89	37.78
MTO Average		11.67	1.53	7.36	14.72
Total Average		26.25	1.44	14.57	29.14
First Quarter 2009		22.19	1.22	12.31	24.62

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	5.00	2.20	3.20	16.00	Saigon - within 24 hours, other regions - up to 3 days	-	May 21, 2008
Western Union	MTO	25.00	0.18	5.18	25.90	Instant	-	May 21, 2008
MoneyGram	MTO	20.00	1.49	5.49	27.45	Instant	-	May 21, 2008
Toronto Dominion Bank	Bank	30.00	0.18	6.18	30.90	3-5 days- electronic	-	May 21, 2008
ScotiaBank	Bank	35.00	0.18	7.18	35.90	3-5 days- electronic	-	May 21, 2008
Royal Bank of Canada	Bank	45.00	0.18	9.18	45.90	3-5 days- electronic	-	May 21, 2008
CIBC	Bank	30.00	3.21	9.21	46.05	3-5 days- electronic	-	May 21, 2008
Bank of Montreal	Bank	35.00	3.21	10.21	51.05	3-5 days- electronic	-	May 21, 2008
Bank Average		35.00	1.39	8.39	41.95
MTO Average		16.67	1.29	4.62	23.10
Total Average		28.12	1.35	6.98	34.90
First Quarter 2009		24.69	1.22	6.15	30.75

Corridor note

The exchange rate column reflects the fact that money is sent in USD. At the point of collection, the money is converted to the local currency. Remittance recipients may incur an additional cost (not shown here) if and when converting the USD to the local currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	5.00	2.20	4.70	9.40	Saigon - within 24 hours, other regions - up to 3 days	-	May 21, 2008
Western Union	MTO	15.00	0.18	7.68	15.36	Instant	-	May 21, 2008
MoneyGram	MTO	15.00	2.20	9.70	19.40	Instant	-	May 21, 2008
Toronto Dominion Bank	Bank	30.00	0.18	15.18	30.36	3-5 days- electronic	-	May 21, 2008
ScotiaBank	Bank	35.00	0.18	17.68	35.36	3-5 days- electronic	-	May 21, 2008
CIBC	Bank	30.00	3.21	18.21	36.42	3-5 days- electronic	-	May 21, 2008
Bank of Montreal	Bank	35.00	3.21	20.71	41.42	3-5 days- electronic	-	May 21, 2008
Royal Bank of Canada	Bank	45.00	0.18	22.68	45.36	3-5 days- electronic	-	May 21, 2008
Bank Average		35.00	1.39	18.89	37.78
MTO Average		11.67	1.53	7.36	14.72
Total Average		26.25	1.44	14.57	29.14
First Quarter 2009		22.19	1.22	12.31	24.62

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
LeGoiTienLe	MTO	5.00	2.20	3.20	16.00	Saigon - within 24 hours, other regions - up to 3 days	-	May 21, 2008
Western Union	MTO	25.00	0.18	5.18	25.90	Instant	-	May 21, 2008
MoneyGram	MTO	20.00	1.49	5.49	27.45	Instant	-	May 21, 2008
Toronto Dominion Bank	Bank	30.00	0.18	6.18	30.90	3-5 days- electronic	-	May 21, 2008
ScotiaBank	Bank	35.00	0.18	7.18	35.90	3-5 days- electronic	-	May 21, 2008
Royal Bank of Canada	Bank	45.00	0.18	9.18	45.90	3-5 days- electronic	-	May 21, 2008
CIBC	Bank	30.00	3.21	9.21	46.05	3-5 days- electronic	-	May 21, 2008
Bank of Montreal	Bank	35.00	3.21	10.21	51.05	3-5 days- electronic	-	May 21, 2008
Bank Average		35.00	1.39	8.39	41.95
MTO Average		16.67	1.29	4.62	23.10
Total Average		28.12	1.35	6.98	34.90
First Quarter 2009		24.69	1.22	6.15	30.75

Corridor note

Least costly corridors to Vietnam
- From United States to Vietnam
- From France to Vietnam
- From Canada to Vietnam
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Least costly corridors from Canada
- From Canada to Vietnam
- From Canada to Philippines
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