Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from QATAR to SUDAN

Data collected on: Nov 21, 2023-Dec 10, 2023
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.
QNB
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
15.004.11
0.16
Percentage difference between market reference rate 0.27 and exchange rate charged 0.27
0.16
2.212.21
16.134.42
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
35.009.59
24.64
Percentage difference between market reference rate 285.03 and exchange rate charged 214.80
24.64
29.4329.43
214.8458.86
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
20.005.48
29.59
Percentage difference between market reference rate 285.03 and exchange rate charged 200.68
29.59
32.3332.33
236.0164.66
Total Average Fourth Quarter 2023
21.3221.32
Total Average Third Quarter 2023
16.4216.42
Total Average
Fee
23.336.39
Exchange Rate Margin (%)
18.1318.13
Total Cost Percent (%)
21.3221.32
Total Cost (QAR) Total Cost (USD)
155.6642.65
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
QNB
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
15.004.12
0.16
Percentage difference between market reference rate 0.27 and exchange rate charged 0.27
0.16
0.980.98
17.844.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
20.005.49
29.59
Percentage difference between market reference rate 285.03 and exchange rate charged 200.68
29.59
30.6930.69
558.56153.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
35.009.62
24.64
Percentage difference between market reference rate 285.03 and exchange rate charged 214.80
24.64
26.5626.56
483.39132.80
Total Average Fourth Quarter 2023
19.4119.41
Total Average Third Quarter 2023
14.7814.78
Total Average
Fee
23.336.41
Exchange Rate Margin (%)
18.1318.13
Total Cost Percent (%)
19.4119.41
Total Cost (QAR) Total Cost (USD)
353.2697.05
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour 3-5 days
Bank account Cash