Remitting from Japan to Brazil

The following table shows how much it costs to remit money from Japan To Brazil. 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 JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	1500.00	0.91	8.80	1672.00	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	11.44	2173.60	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	11.44	2173.60	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	2000.00	0.91	11.44	2173.60	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	0.91	11.44	2173.60	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	2500.00	1.82	14.98	2846.20	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	2500.00	1.82	14.98	2846.20	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	4000.00	0.91	21.96	4172.40	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	4000.00	0.91	21.96	4172.40	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	5500.00	0.91	29.86	5673.40	6 days or more	Nationwide	Sep 16, 2009
Bank Average		2833.33	1.01	15.92	3024.80
MTO Average		2500.00	1.82	14.98	2846.20
Total Average		2800.00	1.09	15.83	3007.70
Total Average in First Quarter 2009		3583.33	2.65	19.71	3744.90

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	1500.00	0.91	4.03	1934.40	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	5.08	2438.40	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	5.08	2438.40	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	2000.00	0.91	5.08	2438.40	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	0.91	5.08	2438.40	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	2500.00	1.82	7.03	3374.40	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	2500.00	1.82	7.03	3374.40	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	4000.00	0.91	9.24	4435.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	4000.00	0.91	9.24	4435.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	5500.00	0.91	12.37	5937.60	6 days or more	Nationwide	Sep 16, 2009
Bank Average		2833.33	1.01	6.91	3316.80
MTO Average		2500.00	1.82	7.03	3374.40
Total Average		2800.00	1.09	6.92	3321.60
Total Average in First Quarter 2009		3700.00	1.71	8.83	4238.40

Corridor note

In this corridor all RSPs send USD. At the point of collection, the money may be paid out in USD or 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
Banco do Brasil	Bank	15.79	0.91	8.80	17.60	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	21.05	0.91	11.44	22.88	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	21.05	0.91	11.44	22.88	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	21.05	0.91	11.44	22.88	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	21.05	0.91	11.44	22.88	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	26.32	1.82	14.98	29.96	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	26.32	1.82	14.98	29.96	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	42.11	0.91	21.96	43.92	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	42.11	0.91	21.96	43.92	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	57.89	0.91	29.86	59.72	6 days or more	Nationwide	Sep 16, 2009
Bank Average		29.82	1.01	15.92	31.84
MTO Average		26.32	1.82	14.98	29.96
Total Average		29.47	1.09	15.83	31.66
Total Average in First Quarter 2009		34.13	2.65	19.71	39.42

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	15.62	0.91	4.03	20.15	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	20.83	0.91	5.08	25.40	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	20.83	0.91	5.08	25.40	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	20.83	0.91	5.08	25.40	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	20.83	0.91	5.08	25.40	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	26.04	1.82	7.03	35.15	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	26.04	1.82	7.03	35.15	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	41.67	0.91	9.24	46.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	41.67	0.91	9.24	46.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	57.29	0.91	12.37	61.85	6 days or more	Nationwide	Sep 16, 2009
Bank Average		29.51	1.01	6.91	34.55
MTO Average		26.04	1.82	7.03	35.15
Total Average		29.17	1.09	6.92	34.60
Total Average in First Quarter 2009		35.58	1.71	8.83	44.15

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	2500.00	-1.46	10.45	2194.50	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	2500.00	2.25	14.16	2973.60	6 days or more	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	10.56	20.09	4218.90	3-5 days	Nationwide	Feb 09, 2009
Citibank Japan	Bank	4000.00	1.08	20.13	4227.30	3-5 days	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	5000.00	2.25	26.06	5472.60	6 days or more	Nationwide	Feb 09, 2009
Suruga Bank	Bank	5500.00	1.20	27.39	5751.90	6 days or more	Nationwide	Feb 09, 2009
Bank Average		3800.00	3.47	21.57	4529.70
Bank/MTO Average		2500.00	-1.46	10.45	2194.50
Total Average		3583.33	2.65	19.71	4139.10
Total Average in 2008		2928.57	1.19	15.14	3179.40

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	3200.00	-1.46	4.70	2444.00	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	2500.00	2.25	7.06	3671.20	6 days or more	Nationwide	Feb 09, 2009
Citibank Japan	Bank	4000.00	1.08	8.77	4560.40	3-5 days	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	4.95	8.80	4576.00	3-5 days	Nationwide	Feb 09, 2009
Suruga Bank	Bank	5500.00	1.20	11.78	6125.60	6 days or more	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	5000.00	2.25	11.87	6172.40	6 days or more	Nationwide	Feb 09, 2009
Bank Average		3800.00	2.35	9.66	5023.20
Bank/MTO Average		3200.00	-1.46	4.70	2444.00
Total Average		3700.00	1.71	8.83	4591.60
Total Average in 2008		3500.00	1.19	7.92	4118.40

Corridor note

In this corridor all RSPs send 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
MoneyGram (Banco Itau SA)	Bank/MTO	23.81	-1.46	10.45	20.90	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	23.81	2.25	14.16	28.32	6 days or more	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	10.56	20.09	40.18	3-5 days	Nationwide	Feb 09, 2009
Citibank Japan	Bank	38.10	1.08	20.13	40.26	3-5 days	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	47.62	2.25	26.06	52.12	6 days or more	Nationwide	Feb 09, 2009
Suruga Bank	Bank	52.38	1.20	27.39	54.78	6 days or more	Nationwide	Feb 09, 2009
Bank Average		36.19	3.47	21.57	43.14
Bank/MTO Average		23.81	-1.46	10.45	20.90
Total Average		34.13	2.65	19.71	39.42
Total Average in 2008		27.89	1.19	15.14	30.28

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	30.77	-1.46	4.70	23.50	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	24.04	2.25	7.06	35.30	6 days or more	Nationwide	Feb 09, 2009
Citibank Japan	Bank	38.46	1.08	8.77	43.85	3-5 days	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	4.95	8.80	44.00	3-5 days	Nationwide	Feb 09, 2009
Suruga Bank	Bank	52.88	1.20	11.78	58.90	6 days or more	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	48.08	2.25	11.87	59.35	6 days or more	Nationwide	Feb 09, 2009
Bank Average		36.54	2.35	9.66	48.30
Bank/MTO Average		30.77	-1.46	4.70	23.50
Total Average		35.58	1.71	8.83	44.15
Total Average in 2008		33.65	1.19	7.92	39.60

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	10.57	2219.70	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	2000.00	1.04	10.57	2219.70	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	11.61	2438.10	3 days	-	May 20, 2008
MoneyGram	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Western Union	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	20.09	4218.90	2 days	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	27.23	5718.30	2-7 days	-	May 20, 2008
Bank Average		3100.00	1.25	16.01	3362.10
MTO Average		2500.00	1.04	12.95	2719.50
Total Average		2928.57	1.19	15.14	3179.40
First Quarter 2009		3583.33	2.65	19.71	4139.10

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	4.89	2542.80	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	2000.00	1.04	4.89	2542.80	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	5.93	3083.60	3 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	8.73	4539.60	2 days	-	May 20, 2008
MoneyGram	MTO	4500.00	1.04	9.70	5044.00	Instant	-	May 20, 2008
Western Union	MTO	4500.00	1.04	9.70	5044.00	Instant	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	11.62	6042.40	2-7 days	-	May 20, 2008
Bank Average		3100.00	1.25	7.21	3749.20
MTO Average		4500.00	1.04	9.70	5044.00
Total Average		3500.00	1.19	7.92	4118.40
First Quarter 2009		3700.00	1.71	8.83	4591.60

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
Citibank Japan	Bank	19.05	1.04	10.57	21.14	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	19.05	1.04	10.57	21.14	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	2.08	11.61	23.22	3 days	-	May 20, 2008
MoneyGram	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Western Union	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.10	1.04	20.09	40.18	2 days	-	May 20, 2008
Suruga Bank	Bank	52.38	1.04	27.23	54.46	2-7 days	-	May 20, 2008
Bank Average		29.52	1.25	16.01	32.02
MTO Average		23.81	1.04	12.95	25.90
Total Average		27.89	1.19	15.14	30.28
First Quarter 2009		34.13	2.65	19.71	39.42

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	19.23	1.04	4.89	24.45	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	19.23	1.04	4.89	24.45	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	2.08	5.93	29.65	3 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.46	1.04	8.73	43.65	2 days	-	May 20, 2008
MoneyGram	MTO	43.27	1.04	9.70	48.50	Instant	-	May 20, 2008
Western Union	MTO	43.27	1.04	9.70	48.50	Instant	-	May 20, 2008
Suruga Bank	Bank	52.88	1.04	11.62	58.10	2-7 days	-	May 20, 2008
Bank Average		29.81	1.25	7.21	36.05
MTO Average		43.27	1.04	9.70	48.50
Total Average		33.65	1.19	7.92	39.60
First Quarter 2009		35.58	1.71	8.83	44.15

Corridor note

Least costly corridors to Brazil
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