Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from GERMANY to NIGERIA

Data collected on: Jan 01, 2024
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)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.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.991.41
2.01
Percentage difference between market reference rate 1.10 and exchange rate charged 1.08
2.01
2.722.72
3.815.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.991.41
2.01
Percentage difference between market reference rate 1.10 and exchange rate charged 1.08
2.01
2.722.72
3.815.44
Total Average First Quarter 2024
2.722.72
Total Average First Quarter
1.971.97
Total Average
Fee
0.991.41
Exchange Rate Margin (%)
2.012.01
Total Cost Percent (%)
2.722.72
Total Cost (EUR) Total Cost (USD)
3.815.44
Non-Transparent records
Credit Card Debit card
Less than one hour
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
1.76
Percentage difference between market reference rate 1.10 and exchange rate charged 1.08
1.76
2.632.63
9.0713.14
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
1.76
Percentage difference between market reference rate 1.10 and exchange rate charged 1.08
1.76
2.632.63
9.0713.14
Total Average First Quarter 2024
2.632.63
Total Average First Quarter
1.251.25
Total Average
Fee
2.994.33
Exchange Rate Margin (%)
1.761.76
Total Cost Percent (%)
2.632.63
Total Cost (EUR) Total Cost (USD)
9.0713.14
Non-Transparent records
Credit Card Debit card
Less than one hour
Cash