Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to

Sending money from SAUDI ARABIA to ETHIOPIA

Data collected on: Aug 22, 2023-Aug 30, 2023
SAR | 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 (SAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.005.60
2.32
Percentage difference between market reference rate 14.73 and exchange rate charged 14.39
2.32
5.125.12
38.4010.24
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
23.006.13
3.33
Percentage difference between market reference rate 0.27 and exchange rate charged 0.26
3.33
6.406.40
48.0012.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.006.13
3.33
Percentage difference between market reference rate 0.27 and exchange rate charged 0.26
3.33
6.406.40
48.0012.80
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
23.006.13
3.18
Percentage difference between market reference rate 0.27 and exchange rate charged 0.26
3.18
6.256.25
46.8812.50
Total Average Third Quarter 2023
6.046.04
Total Average Second Quarter 2023
6.126.12
Total Average
Fee
22.506.00
Exchange Rate Margin (%)
3.043.04
Total Cost Percent (%)
6.046.04
Total Cost (SAR) Total Cost (USD)
45.3212.09
Non-Transparent records
Debit card Mobile money Cash
Next day
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.005.61
2.32
Percentage difference between market reference rate 14.73 and exchange rate charged 14.39
2.32
3.443.44
64.3317.20
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
23.006.15
3.18
Percentage difference between market reference rate 0.27 and exchange rate charged 0.26
3.18
4.414.41
82.4722.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
23.006.15
3.33
Percentage difference between market reference rate 0.27 and exchange rate charged 0.26
3.33
4.564.56
85.2722.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.006.15
3.33
Percentage difference between market reference rate 0.27 and exchange rate charged 0.26
3.33
4.564.56
85.2722.80
Total Average Third Quarter 2023
4.244.24
Total Average Second Quarter 2023
4.324.32
Total Average
Fee
22.506.02
Exchange Rate Margin (%)
3.043.04
Total Cost Percent (%)
4.244.24
Total Cost (SAR) Total Cost (USD)
79.3421.21
Non-Transparent records
Debit card Mobile money Cash
Next day
Cash