Remittance Prices Worldwide

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Transfer money

Sending money from AUSTRALIA to CHINA

Data collected on: May 15, 2024-May 29, 2024
AUD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (AUD)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.990.99
Exchange rate margin (%)
1.23
Percentage difference between market reference rate 4.80 and exchange rate charged 4.741.23
Total cost (%)
1.731.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.463.46
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
0.81
Percentage difference between market reference rate 4.82 and exchange rate charged 4.780.81
Total cost (%)
2.312.31
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.624.62
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
-0.11
Percentage difference between market reference rate 4.79 and exchange rate charged 4.80-0.11
Total cost (%)
2.392.39
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.784.78
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.894.89
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 4.80 and exchange rate charged 4.800.00
Total cost (%)
2.452.45
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.904.90
Firm
Orbit Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.52
Percentage difference between market reference rate 4.78 and exchange rate charged 4.662.52
Total cost (%)
2.522.52
Total cost (AUD)sort descendingTotal cost (USD)sort descending
5.045.04
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 4.81 and exchange rate charged 4.760.92
Total cost (%)
3.423.42
Total cost (AUD)sort descendingTotal cost (USD)sort descending
6.846.84
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
1.11
Percentage difference between market reference rate 4.80 and exchange rate charged 4.741.11
Total cost (%)
3.613.61
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.227.22
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
2.20
Percentage difference between market reference rate 4.80 and exchange rate charged 4.692.20
Total cost (%)
3.703.70
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.407.40
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
2.20
Percentage difference between market reference rate 4.80 and exchange rate charged 4.692.20
Total cost (%)
3.703.70
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.407.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
4.09
Percentage difference between market reference rate 4.80 and exchange rate charged 4.604.09
Total cost (%)
6.596.59
Total cost (AUD)sort descendingTotal cost (USD)sort descending
13.1813.18
Firm
Bank of China
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
28.0028.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 4.83 and exchange rate charged 4.810.31
Total cost (%)
14.3114.31
Total cost (AUD)sort descendingTotal cost (USD)sort descending
28.6228.62
Total Average Second Quarter
4.254.25
Total Average First Quarter
3.753.75
Total Average
Fee
5.715.71
Exchange Rate Margin (%)
1.391.39
Total Cost Percent (%)
4.254.25
Total Cost (AUD) Total Cost (USD)
8.508.50
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (AUD)sort descendingTotal cost (USD)sort descending
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
-0.11
Percentage difference between market reference rate 4.79 and exchange rate charged 4.80-0.11
Total cost (%)
0.890.89
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.454.45
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
0.81
Percentage difference between market reference rate 4.82 and exchange rate charged 4.780.81
Total cost (%)
1.411.41
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.057.05
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.990.99
Exchange rate margin (%)
1.23
Percentage difference between market reference rate 4.80 and exchange rate charged 4.741.23
Total cost (%)
1.431.43
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.157.15
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 4.81 and exchange rate charged 4.760.92
Total cost (%)
1.921.92
Total cost (AUD)sort descendingTotal cost (USD)sort descending
9.609.60
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.5210.52
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 4.80 and exchange rate charged 4.800.00
Total cost (%)
2.102.10
Total cost (AUD)sort descendingTotal cost (USD)sort descending
10.5010.50
Firm
Orbit Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.52
Percentage difference between market reference rate 4.78 and exchange rate charged 4.662.52
Total cost (%)
2.522.52
Total cost (AUD)sort descendingTotal cost (USD)sort descending
12.6012.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
1.11
Percentage difference between market reference rate 4.80 and exchange rate charged 4.741.11
Total cost (%)
2.712.71
Total cost (AUD)sort descendingTotal cost (USD)sort descending
13.5513.55
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
2.20
Percentage difference between market reference rate 4.80 and exchange rate charged 4.692.20
Total cost (%)
2.802.80
Total cost (AUD)sort descendingTotal cost (USD)sort descending
14.0014.00
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
2.20
Percentage difference between market reference rate 4.80 and exchange rate charged 4.692.20
Total cost (%)
2.802.80
Total cost (AUD)sort descendingTotal cost (USD)sort descending
14.0014.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
4.09
Percentage difference between market reference rate 4.80 and exchange rate charged 4.604.09
Total cost (%)
5.495.49
Total cost (AUD)sort descendingTotal cost (USD)sort descending
27.4527.45
Firm
Bank of China
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
28.0028.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 4.83 and exchange rate charged 4.810.31
Total cost (%)
5.915.91
Total cost (AUD)sort descendingTotal cost (USD)sort descending
29.5529.55
Total Average Second Quarter
2.732.73
Total Average First Quarter
2.382.38
Total Average
Fee
6.686.68
Exchange Rate Margin (%)
1.391.39
Total Cost Percent (%)
2.732.73
Total Cost (AUD) Total Cost (USD)
13.6313.63
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To China
Least Costly Corridors From Australia
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