Remittance Prices Worldwide

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Sending money from JAPAN to CHINA

Data collected on: Nov 24, 2023-Dec 01, 2023
JPY | 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 (JPY)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
Internet
Sending network coverage
Medium
Receiving method
High
200.002.35
0.59
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.59
1.771.77
300.903.54
SBI remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
460.005.41
0.96
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.96
3.673.67
623.907.34
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
490.005.76
0.67
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.67
3.553.55
603.507.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
490.005.76
0.96
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.96
3.843.84
652.807.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
760.008.94
1.43
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.43
5.905.90
1,003.0011.80
Queen Bee Capital
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
800.009.41
2.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.94
7.657.65
1,300.5015.30
JRF
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1,450.0017.06
1.07
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.07
9.609.60
1,632.0019.20
JRF
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1,450.0017.06
1.07
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.07
9.609.60
1,632.0019.20
Seven Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
1,500.0017.65
2.95
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.95
11.7711.77
2,000.9023.54
Seven Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1,500.0017.65
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
9.799.79
1,664.3019.58
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2,000.0023.53
2.25
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.25
14.0114.01
2,381.7028.02
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2,000.0023.53
1.30
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.30
13.0613.06
2,220.2026.12
Japan Post Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3,000.0035.29
2.24
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.24
19.8919.89
3,381.3039.78
Total Average Fourth Quarter 2023
8.788.78
Total Average Third Quarter 2023
8.918.91
Total Average
Fee
1,238.4614.57
Exchange Rate Margin (%)
1.491.49
Total Cost Percent (%)
8.788.78
Total Cost (JPY) Total Cost (USD)
1,492.0817.55
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
200.002.38
0.59
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.59
1.071.07
449.405.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
600.007.14
0.67
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.67
2.102.10
882.0010.50
SBI remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
460.005.48
0.96
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.96
2.062.06
865.2010.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
490.005.83
0.96
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.96
2.132.13
894.6010.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
760.009.05
1.43
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.43
3.243.24
1,360.8016.20
Queen Bee Capital
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
800.009.52
3.15
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.15
5.055.05
2,121.0025.25
JRF
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1,450.0017.26
1.07
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.07
4.524.52
1,898.4022.60
JRF
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1,450.0017.26
1.07
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.07
4.524.52
1,898.4022.60
Seven Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1,500.0017.86
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
4.544.54
1,906.8022.70
Seven Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
1,500.0017.86
2.95
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.95
6.526.52
2,738.4032.60
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2,000.0023.81
1.30
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.30
6.066.06
2,545.2030.30
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2,000.0023.81
2.25
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.25
7.017.01
2,944.2035.05
Japan Post Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3,000.0035.71
2.24
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.24
9.389.38
3,939.6046.90
Total Average Fourth Quarter 2023
4.484.48
Total Average Third Quarter 2023
4.534.53
Total Average
Fee
1,246.9214.84
Exchange Rate Margin (%)
1.511.51
Total Cost Percent (%)
4.484.48
Total Cost (JPY) Total Cost (USD)
1,880.3122.38
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash