Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from SOUTH-AFRICA to CHINA

Data collected on: Feb 20, 2025 - Feb 21, 2025
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Fee
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 (ZAR)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
214.02
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
16.55
226.74
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
214.02
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
16.55
226.74
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
214.02
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
16.55
226.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
217.03
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
17.84
244.41
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
217.03
2.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
18.13
248.38
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Receiving method
Agent
High 
259.00
1.86
Percentage difference between market reference rate 0.39 and exchange rate charged 0.39
20.77
284.55
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Receiving method
Agent
High 
381.90
1.67
Percentage difference between market reference rate 0.39 and exchange rate charged 0.39
29.55
404.84
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Receiving method
Agent
High 
420.00
4.19
Percentage difference between market reference rate 0.39 and exchange rate charged 0.38
34.85
477.45
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Receiving method
Agent
High 
450.00
5.21
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
38.06
521.42
Total Average First Quarter 2025
23.21
Total Average Fourth Quarter 2024
22.84
Total Average
Fee
287.45
Exchange Rate Margin (%)
2.22
Total Cost Percent (%)
23.21
Total Cost (ZAR)
317.92
Non-Transparent records
Cash Credit Card Debit card Bank account transfer
Less than one hour 2 days
Cash Bank account