Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SNSenegal you can also send money to

Sending money from SENEGAL to MALI

Data collected on: Aug 19, 2024-Aug 27, 2024
XOF | 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 (XOF)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Orange Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
1,395.003.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.501.50
1,395.003.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2,982.006.41
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.213.21
2,985.306.42
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
25,000.0053.76
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
26.8826.88
24,998.4053.76
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
25,000.0053.76
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
26.8826.88
24,998.4053.76
Bank of Africa Senegal
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Low
27,000.0058.06
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
29.0329.03
26,997.9058.06
Total Average Third Quarter 2024
17.5017.50
Total Average Second Quarter 2024
1.501.50
Total Average
Fee
16,275.4035.00
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
17.5017.50
Total Cost (XOF) Total Cost (USD)
16,275.0035.00
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Orange Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3,450.007.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.501.50
3,450.007.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6,745.0014.66
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.932.93
6,739.0014.65
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
25,000.0054.35
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.8710.87
25,001.0054.35
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
25,000.0054.35
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.8710.87
25,001.0054.35
Bank of Africa Senegal
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Low
27,000.0058.70
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.7411.74
27,002.0058.70
Total Average Third Quarter 2024
7.587.58
Total Average Second Quarter 2024
1.501.50
Total Average
Fee
17,439.0037.91
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
7.587.58
Total Cost (XOF) Total Cost (USD)
17,438.6037.91
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors From Senegal