Remittance Prices Worldwide

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Sending money from GERMANY to INDIA

Data collected on: Aug 22, 2023-Sep 03, 2023
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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 (EUR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.25
Percentage difference between market reference rate 89.30 and exchange rate charged 89.08
0.25
0.250.25
0.350.50
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.240.34
0.25
Percentage difference between market reference rate 89.30 and exchange rate charged 89.08
0.25
0.420.42
0.590.84
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.991.41
2.05
Percentage difference between market reference rate 89.35 and exchange rate charged 87.51
2.05
2.762.76
3.865.51
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.991.41
2.05
Percentage difference between market reference rate 89.35 and exchange rate charged 87.51
2.05
2.762.76
3.865.51
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.992.84
0.47
Percentage difference between market reference rate 90.29 and exchange rate charged 89.86
0.47
1.891.89
2.653.79
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.992.84
0.47
Percentage difference between market reference rate 90.29 and exchange rate charged 89.86
0.47
1.891.89
2.653.79
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
0.91
Percentage difference between market reference rate 89.31 and exchange rate charged 88.49
0.91
2.332.33
3.264.66
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
0.91
Percentage difference between market reference rate 89.31 and exchange rate charged 88.49
0.91
2.332.33
3.264.66
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
0.91
Percentage difference between market reference rate 89.31 and exchange rate charged 88.49
0.91
2.332.33
3.264.66
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.27
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
2.852.85
3.995.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
2.852.85
3.995.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
2.852.85
3.995.70
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.76
Percentage difference between market reference rate 90.35 and exchange rate charged 89.67
0.76
2.902.90
4.065.80
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.76
Percentage difference between market reference rate 90.35 and exchange rate charged 89.67
0.76
2.902.90
4.065.80
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.76
Percentage difference between market reference rate 90.35 and exchange rate charged 89.67
0.76
2.902.90
4.065.80
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.27
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
2.852.85
3.995.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.27
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
2.852.85
3.995.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
2.852.85
3.995.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.905.57
7.68
Percentage difference between market reference rate 89.11 and exchange rate charged 82.26
7.68
10.4710.47
14.6620.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.905.57
7.68
Percentage difference between market reference rate 89.11 and exchange rate charged 82.26
7.68
10.4710.47
14.6620.94
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.905.57
8.98
Percentage difference between market reference rate 89.17 and exchange rate charged 81.16
8.98
11.7711.77
16.4823.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
6.909.86
4.16
Percentage difference between market reference rate 89.11 and exchange rate charged 85.40
4.16
9.099.09
12.7318.19
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.0010.00
1.21
Percentage difference between market reference rate 89.29 and exchange rate charged 88.21
1.21
6.216.21
8.6912.41
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9011.29
1.96
Percentage difference between market reference rate 90.24 and exchange rate charged 88.47
1.96
7.607.60
10.6415.20
Postbank
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.0011.43
1.75
Percentage difference between market reference rate 89.17 and exchange rate charged 87.61
1.75
7.467.46
10.4414.91
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.0042.86
1.03
Percentage difference between market reference rate 89.27 and exchange rate charged 88.35
1.03
22.4622.46
31.4444.91
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
30.0042.86
1.03
Percentage difference between market reference rate 89.27 and exchange rate charged 88.35
1.03
22.4622.46
31.4444.91
Deutsche Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
36.5552.21
1.82
Percentage difference between market reference rate 89.38 and exchange rate charged 87.75
1.82
27.9327.93
39.1055.86
Deutsche Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
39.5556.50
1.82
Percentage difference between market reference rate 89.38 and exchange rate charged 87.75
1.82
30.0730.07
42.1060.14
Total Average Third Quarter 2023
7.207.20
Total Average Second Quarter 2023
6.376.37
Total Average
Fee
7.4710.67
Exchange Rate Margin (%)
1.861.86
Total Cost Percent (%)
7.207.20
Total Cost (EUR) Total Cost (USD)
10.0814.40
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.16
Percentage difference between market reference rate 89.62 and exchange rate charged 88.58
1.16
1.161.16
4.005.80
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.25
Percentage difference between market reference rate 89.30 and exchange rate charged 89.08
0.25
0.250.25
0.861.25
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.590.86
0.25
Percentage difference between market reference rate 89.30 and exchange rate charged 89.08
0.25
0.420.42
1.452.10
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
0.47
Percentage difference between market reference rate 90.29 and exchange rate charged 89.86
0.47
1.341.34
4.626.70
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
0.47
Percentage difference between market reference rate 90.29 and exchange rate charged 89.86
0.47
1.341.34
4.626.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
0.91
Percentage difference between market reference rate 89.31 and exchange rate charged 88.49
0.91
1.491.49
5.147.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
0.91
Percentage difference between market reference rate 89.31 and exchange rate charged 88.49
0.91
1.491.49
5.147.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
0.91
Percentage difference between market reference rate 89.31 and exchange rate charged 88.49
0.91
1.491.49
5.147.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
1.78
Percentage difference between market reference rate 89.35 and exchange rate charged 87.76
1.78
2.652.65
9.1413.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
1.78
Percentage difference between market reference rate 89.35 and exchange rate charged 87.76
1.78
2.652.65
9.1413.25
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
1.581.58
5.457.90
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
1.581.58
5.457.90
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
1.581.58
5.457.90
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
1.581.58
5.457.90
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
1.581.58
5.457.90
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
0.71
Percentage difference between market reference rate 89.31 and exchange rate charged 88.67
0.71
1.581.58
5.457.90
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.995.78
0.76
Percentage difference between market reference rate 90.35 and exchange rate charged 89.67
0.76
1.921.92
6.629.59
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.995.78
0.76
Percentage difference between market reference rate 90.35 and exchange rate charged 89.67
0.76
1.921.92
6.629.59
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.995.78
0.76
Percentage difference between market reference rate 90.35 and exchange rate charged 89.67
0.76
1.921.92
6.629.59
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.5010.87
1.21
Percentage difference between market reference rate 89.29 and exchange rate charged 88.21
1.21
3.383.38
11.6616.90
Postbank
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.0011.59
1.75
Percentage difference between market reference rate 89.17 and exchange rate charged 87.61
1.75
4.074.07
14.0420.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9011.45
1.61
Percentage difference between market reference rate 90.24 and exchange rate charged 88.78
1.61
3.903.90
13.4619.51
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
6.9010.00
4.16
Percentage difference between market reference rate 89.11 and exchange rate charged 85.40
4.16
6.166.16
21.2530.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.905.65
7.39
Percentage difference between market reference rate 89.11 and exchange rate charged 82.52
7.39
8.528.52
29.3942.59
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.905.65
7.39
Percentage difference between market reference rate 89.11 and exchange rate charged 82.52
7.39
8.528.52
29.3942.59
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.905.65
8.34
Percentage difference between market reference rate 89.17 and exchange rate charged 81.73
8.34
9.479.47
32.6747.35
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.0043.48
1.03
Percentage difference between market reference rate 89.27 and exchange rate charged 88.35
1.03
9.739.73
33.5748.65
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
30.0043.48
1.03
Percentage difference between market reference rate 89.27 and exchange rate charged 88.35
1.03
9.739.73
33.5748.65
Deutsche Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
36.5552.97
1.82
Percentage difference between market reference rate 89.38 and exchange rate charged 87.75
1.82
12.4112.41
42.8162.04
Deutsche Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
41.5560.22
1.82
Percentage difference between market reference rate 89.38 and exchange rate charged 87.75
1.82
13.8613.86
47.8269.30
Total Average Third Quarter 2023
3.983.98
Total Average Second Quarter 2023
3.473.47
Total Average
Fee
7.6211.04
Exchange Rate Margin (%)
1.771.77
Total Cost Percent (%)
3.983.98
Total Cost (EUR) Total Cost (USD)
13.7119.88
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash