Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to CHINA

Data collected on: Nov 19, 2024-Nov 25, 2024
ZAR | 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 (ZAR)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.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
210.1930.68
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.11
16.4516.45
225.3732.90
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
259.0037.81
1.78
Percentage difference between market reference rate 0.40 and exchange rate charged 0.39
1.78
20.6920.69
283.4541.38
Total Average Fourth Quarter 2024
18.5718.57
Total Average Third Quarter 2024
22.7322.73
Total Average
Fee
234.6034.25
Exchange Rate Margin (%)
1.451.45
Total Cost Percent (%)
18.5718.57
Total Cost (ZAR) Total Cost (USD)
254.4137.14
Non-Transparent records
Bank account transfer Cash
2 days
Bank account
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
High
273.2440.06
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.11
9.129.12
310.9945.60
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
259.0037.98
1.78
Percentage difference between market reference rate 0.40 and exchange rate charged 0.39
1.78
9.389.38
319.8646.90
Total Average Fourth Quarter 2024
9.259.25
Total Average Third Quarter 2024
11.6511.65
Total Average
Fee
266.1239.02
Exchange Rate Margin (%)
1.451.45
Total Cost Percent (%)
9.259.25
Total Cost (ZAR) Total Cost (USD)
315.4346.25
Non-Transparent records
Bank account transfer Cash
2 days
Bank account