Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ILIsrael you can also send money to

Sending money from ISRAEL to MOROCCO

Data collected on: Feb 20, 2024-Mar 06, 2024
ILS | 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 (ILS)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.0021.00
1.40
Percentage difference between market reference rate 10.02 and exchange rate charged 9.88
1.40
11.9011.90
23.8023.80
Israel Discount Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
26.0026.00
-0.11
Percentage difference between market reference rate 10.09 and exchange rate charged 10.10
-0.11
12.8912.89
25.7825.78
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
18.0018.00
0.88
Percentage difference between market reference rate 10.06 and exchange rate charged 9.97
0.88
9.889.88
19.7619.76
Total Average First Quarter
11.5611.56
Total Average Fourth Quarter 2023
13.6313.63
Total Average
Fee
21.6721.67
Exchange Rate Margin (%)
0.720.72
Total Cost Percent (%)
11.5611.56
Total Cost (ILS) Total Cost (USD)
23.1123.11
Non-Transparent records
Bank account transfer Cash
Less than one hour 2 days 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Israel Discount Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
26.0026.00
-0.11
Percentage difference between market reference rate 10.09 and exchange rate charged 10.10
-0.11
5.095.09
25.4525.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
34.0034.00
0.88
Percentage difference between market reference rate 10.06 and exchange rate charged 9.97
0.88
7.687.68
38.4038.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
37.0037.00
1.40
Percentage difference between market reference rate 10.02 and exchange rate charged 9.88
1.40
8.808.80
44.0044.00
Total Average First Quarter
7.197.19
Total Average Fourth Quarter 2023
9.269.26
Total Average
Fee
32.3332.33
Exchange Rate Margin (%)
0.720.72
Total Cost Percent (%)
7.197.19
Total Cost (ILS) Total Cost (USD)
35.9535.95
Non-Transparent records
Bank account transfer Cash
Less than one hour 2 days 3-5 days
Bank account Cash
Least Costly Corridors From Israel