Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from QATAR to PHILIPPINES

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 (%)sort ascending
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.
Commercial Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
15.004.11
3.78
Percentage difference between market reference rate 15.33 and exchange rate charged 14.75
3.78
5.835.83
42.5611.66
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.11
1.35
Percentage difference between market reference rate 15.37 and exchange rate charged 15.16
1.35
3.403.40
24.826.80
Al Dar Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
20.005.48
1.26
Percentage difference between market reference rate 15.34 and exchange rate charged 15.15
1.26
4.004.00
29.208.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.11
1.09
Percentage difference between market reference rate 15.37 and exchange rate charged 15.21
1.09
3.143.14
22.926.28
Arabian Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
18.004.93
0.58
Percentage difference between market reference rate 15.37 and exchange rate charged 15.28
0.58
3.053.05
22.276.10
iRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.11
0.50
Percentage difference between market reference rate 15.38 and exchange rate charged 15.30
0.50
2.552.55
18.625.10
Eastern Exchange Co
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
18.004.93
0.41
Percentage difference between market reference rate 15.34 and exchange rate charged 15.28
0.41
2.882.88
21.025.76
Ezremit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
15.004.11
0.21
Percentage difference between market reference rate 15.34 and exchange rate charged 15.31
0.21
2.262.26
16.504.52
Total Average First Quarter
3.393.39
Total Average Fourth Quarter 2023
3.033.03
Total Average
Fee
16.384.49
Exchange Rate Margin (%)
1.151.15
Total Cost Percent (%)
3.393.39
Total Cost (QAR) Total Cost (USD)
24.746.78
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Ezremit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
15.004.12
0.21
Percentage difference between market reference rate 15.34 and exchange rate charged 15.31
0.21
1.031.03
18.755.15
iRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.12
0.50
Percentage difference between market reference rate 15.38 and exchange rate charged 15.30
0.50
1.321.32
24.026.60
Eastern Exchange Co
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
18.004.95
0.41
Percentage difference between market reference rate 15.34 and exchange rate charged 15.28
0.41
1.401.40
25.487.00
Arabian Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
18.004.95
0.58
Percentage difference between market reference rate 15.37 and exchange rate charged 15.28
0.58
1.571.57
28.577.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.12
1.09
Percentage difference between market reference rate 15.37 and exchange rate charged 15.21
1.09
1.911.91
34.769.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.12
1.35
Percentage difference between market reference rate 15.37 and exchange rate charged 15.16
1.35
2.172.17
39.4910.85
Al Dar Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
20.005.49
1.26
Percentage difference between market reference rate 15.34 and exchange rate charged 15.15
1.26
2.362.36
42.9511.80
Commercial Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
15.004.12
3.78
Percentage difference between market reference rate 15.33 and exchange rate charged 14.75
3.78
4.604.60
83.7223.00
Total Average First Quarter
2.052.05
Total Average Fourth Quarter 2023
1.721.72
Total Average
Fee
16.384.50
Exchange Rate Margin (%)
1.151.15
Total Cost Percent (%)
2.052.05
Total Cost (QAR) Total Cost (USD)
37.2210.22
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day 2 days
Bank account Cash