Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from QATAR to INDIA

Data collected on: Feb 20, 2024-Feb 23, 2024
QAR | 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 (QAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Doha Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.002.74
2.35
Percentage difference between market reference rate 22.76 and exchange rate charged 22.22
2.35
3.723.72
27.167.44
Doha Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
10.002.74
2.35
Percentage difference between market reference rate 22.76 and exchange rate charged 22.22
2.35
3.723.72
27.167.44
Al Dar Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
15.004.11
1.68
Percentage difference between market reference rate 22.73 and exchange rate charged 22.35
1.68
3.733.73
27.237.46
Arabian Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
15.004.11
0.36
Percentage difference between market reference rate 22.73 and exchange rate charged 22.65
0.36
2.412.41
17.594.82
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.11
0.54
Percentage difference between market reference rate 22.75 and exchange rate charged 22.62
0.54
2.592.59
18.915.18
Commercial Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.11
2.71
Percentage difference between market reference rate 22.74 and exchange rate charged 22.12
2.71
4.764.76
34.759.52
Eastern Exchange Co
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
15.004.11
0.30
Percentage difference between market reference rate 22.75 and exchange rate charged 22.68
0.30
2.352.35
17.164.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.11
0.37
Percentage difference between market reference rate 22.74 and exchange rate charged 22.66
0.37
2.422.42
17.674.84
Total Average First Quarter
3.213.21
Total Average Fourth Quarter 2023
3.193.19
Total Average
Fee
13.753.77
Exchange Rate Margin (%)
1.331.33
Total Cost Percent (%)
3.213.21
Total Cost (QAR) Total Cost (USD)
23.456.43
Non-Transparent records
Bank account transfer Debit card 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
Eastern Exchange Co
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
15.004.12
0.30
Percentage difference between market reference rate 22.75 and exchange rate charged 22.68
0.30
1.121.12
20.385.60
Arabian Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
15.004.12
0.36
Percentage difference between market reference rate 22.73 and exchange rate charged 22.65
0.36
1.181.18
21.485.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.12
0.37
Percentage difference between market reference rate 22.74 and exchange rate charged 22.66
0.37
1.191.19
21.665.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.12
0.54
Percentage difference between market reference rate 22.75 and exchange rate charged 22.62
0.54
1.361.36
24.756.80
Al Dar Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
15.004.12
1.68
Percentage difference between market reference rate 22.73 and exchange rate charged 22.35
1.68
2.502.50
45.5012.50
Doha Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.002.75
2.35
Percentage difference between market reference rate 22.76 and exchange rate charged 22.22
2.35
2.902.90
52.7814.50
Doha Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
10.002.75
2.35
Percentage difference between market reference rate 22.76 and exchange rate charged 22.22
2.35
2.902.90
52.7814.50
Commercial Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.12
2.71
Percentage difference between market reference rate 22.74 and exchange rate charged 22.12
2.71
3.533.53
64.2517.65
Total Average First Quarter
2.092.09
Total Average Fourth Quarter 2023
2.062.06
Total Average
Fee
13.753.78
Exchange Rate Margin (%)
1.331.33
Total Cost Percent (%)
2.092.09
Total Cost (QAR) Total Cost (USD)
37.9510.43
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash