Remitting from Japan to China

The following table shows how much it costs to remit money from Japan To China. 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
Money Gram	MTO	1500.00	0.00	7.89	1499.10	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.70	13.23	2513.70	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	2500.00	3.60	16.76	3184.40	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	3000.00	3.60	19.39	3684.10	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	4000.00	*0.00	*21.05	*3999.50	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	4000.00	2.70	23.76	4514.40	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	4000.00	2.70	23.76	4514.40	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	5000.00	3.60	29.92	5684.80	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	5500.00	2.70	31.65	6013.50	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	6000.00	1.85	33.43	6351.70	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	6000.00	1.98	33.56	6376.40	6 days or more	Nationwide	Sep 13, 2009
Bank Average		4200.00	2.55	24.65	4683.50
MTO Average		1500.00	0.00	7.89	1499.10
Total Average		3954.55	2.31	23.13	4394.70
Total Average in First Quarter 2009		3100.00	3.22	17.98	3416.20

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.00	3.12	1497.60	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.70	6.87	3297.60	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	4000.00	*0.00	*8.33	*3998.40	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	2500.00	3.60	8.81	4228.80	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	3000.00	3.60	9.85	4728.00	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	4000.00	2.70	11.04	5299.20	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	4000.00	2.70	11.04	5299.20	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	5000.00	3.60	14.02	6729.60	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	5500.00	2.70	14.16	6796.80	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	6000.00	1.85	14.35	6888.00	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	6000.00	1.98	14.48	6950.40	6 days or more	Nationwide	Sep 13, 2009
Bank Average		4200.00	2.55	11.30	5424.00
MTO Average		1500.00	0.00	3.12	1497.60
Total Average		3954.55	2.31	10.55	5064.00
Total Average in First Quarter 2009		3400.00	1.92	8.45	4056.00

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
Money Gram	MTO	15.79	0.00	7.89	15.78	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	21.05	2.70	13.23	26.46	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	26.32	3.60	16.76	33.52	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	31.58	3.60	19.39	38.78	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	42.11	*0.00	*21.05	*42.10	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	42.11	2.70	23.76	47.52	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	42.11	2.70	23.76	47.52	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	52.63	3.60	29.92	59.84	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	57.89	2.70	31.65	63.30	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	63.16	1.85	33.43	66.86	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	63.16	1.98	33.56	67.12	6 days or more	Nationwide	Sep 13, 2009
Bank Average		44.21	2.55	24.65	49.30
MTO Average		15.79	0.00	7.89	15.78
Total Average		41.63	2.31	23.13	46.26
Total Average in First Quarter 2009		29.52	3.22	17.98	35.96

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.62	0.00	3.12	15.60	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	20.83	2.70	6.87	34.35	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	41.67	*0.00	*8.33	*41.65	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	26.04	3.60	8.81	44.05	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	62.50	3.60	9.85	49.25	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	41.67	2.70	11.04	55.20	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	41.67	2.70	11.04	55.20	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	52.08	3.60	14.02	70.10	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	57.29	2.70	14.16	70.80	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	62.50	1.85	14.35	71.75	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	62.50	1.98	14.48	72.40	6 days or more	Nationwide	Sep 13, 2009
Bank Average		46.88	2.55	11.30	56.50
MTO Average		15.62	0.00	3.12	15.60
Total Average		44.03	2.31	10.55	52.75
Total Average in First Quarter 2009		32.69	1.92	8.45	42.25

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

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	1500.00	0.43	7.58	1591.80	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	2500.00	2.81	14.72	3091.20	6 days or more	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	10.56	20.08	4216.80	3-5 days	Nationwide	Feb 12, 2009
Citibank Japan	Bank	4000.00	1.08	20.13	4227.30	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	5500.00	1.20	27.39	5751.90	6 days or more	Nationwide	Feb 12, 2009
Bank Average		3500.00	3.91	20.58	4321.80
Bank/MTO Average		1500.00	0.43	7.58	1591.80
Total Average		3100.00	3.22	17.98	3775.80
Total Average in 2008		2857.14	1.34	14.94	3137.40

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	3000.00	0.43	6.20	3224.00	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	2500.00	1.92	6.73	3499.60	6 days or more	Nationwide	Feb 12, 2009
Citibank Japan	Bank	4000.00	1.08	8.77	4560.40	3-5 days	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	4.95	8.80	4576.00	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	5500.00	1.20	11.78	6125.60	6 days or more	Nationwide	Feb 12, 2009
Bank Average		3500.00	2.29	9.02	4690.40
Bank/MTO Average		3000.00	0.43	6.20	3224.00
Total Average		3400.00	1.92	8.45	4394.00
Total Average in 2008		3357.14	1.34	7.80	4056.00

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	14.29	0.43	7.58	15.16	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	23.81	2.81	14.72	29.44	6 days or more	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	10.56	20.08	40.16	3-5 days	Nationwide	Feb 12, 2009
Citibank Japan	Bank	38.10	1.08	20.13	40.26	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	52.38	1.20	27.39	54.78	6 days or more	Nationwide	Feb 12, 2009
Bank Average		33.33	3.91	20.58	41.16
Bank/MTO Average		14.29	0.43	7.58	15.16
Total Average		29.52	3.22	17.98	35.96
Total Average in 2008		27.21	1.34	14.94	29.88

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	28.85	0.43	6.20	31.00	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	24.04	1.92	6.73	33.65	6 days or more	Nationwide	Feb 12, 2009
Citibank Japan	Bank	38.46	1.08	8.77	43.85	3-5 days	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	4.95	8.80	44.00	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	52.88	1.20	11.78	58.90	6 days or more	Nationwide	Feb 12, 2009
Bank Average		33.65	2.29	9.02	45.10
Bank/MTO Average		28.85	0.43	6.20	31.00
Total Average		32.69	1.92	8.45	42.25
Total Average in 2008		32.28	1.34	7.80	39.00

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram	MTO	1500.00	1.04	8.18	1717.80	Instant	-	May 20, 2008
Citibank Japan	Bank	2000.00	1.04	10.57	2219.70	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	11.61	2438.10	3 days	-	May 20, 2008
Western Union	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Japan Post Bank	Bank	2500.00	2.08	13.99	2937.90	7 days to bank account	-	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		3200.00	1.46	16.70	3507.00
MTO Average		2000.00	1.04	10.57	2219.70
Total Average		2857.14	1.34	14.94	3137.40
First Quarter 2009		3100.00	3.22	17.98	3775.80

	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
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	5.93	3083.60	3 days	-	May 20, 2008
MoneyGram	MTO	3000.00	1.04	6.81	3541.20	Instant	-	May 20, 2008
Japan Post Bank	Bank	2500.00	2.08	6.89	3582.80	7 days to bank account	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	8.73	4539.60	2 days	-	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		3200.00	1.46	7.61	3957.20
MTO Average		3750.00	1.04	8.25	4290.00
Total Average		3357.14	1.34	7.80	4056.00
First Quarter 2009		3400.00	1.92	8.45	4394.00

Corridor note

The exchange rate column reflects the fact that money is sent in USD. At the point of collection, the money is 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
MoneyGram	MTO	14.29	1.04	8.18	16.36	Instant	-	May 20, 2008
Citibank Japan	Bank	19.05	1.04	10.57	21.14	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	2.08	11.61	23.22	3 days	-	May 20, 2008
Western Union	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Japan Post Bank	Bank	23.81	2.08	13.99	27.98	7 days to bank account	-	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		30.48	1.46	16.70	33.40
MTO Average		19.05	1.04	10.57	21.14
Total Average		27.21	1.34	14.94	29.88
First Quarter 2009		29.52	3.22	17.98	35.96

	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
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	2.08	5.93	29.65	3 days	-	May 20, 2008
MoneyGram	MTO	28.85	1.04	6.81	34.05	Instant	-	May 20, 2008
Japan Post Bank	Bank	24.04	2.08	6.89	34.45	7 days to bank account	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.46	1.04	8.73	43.65	2 days	-	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		30.77	1.46	7.61	38.05
MTO Average		36.06	1.04	8.25	41.25
Total Average		32.28	1.34	7.80	39.00
First Quarter 2009		32.69	1.92	8.45	42.25

Corridor note

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