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: Aug 20, 2023-Sep 10, 2023
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 ascendingTotal cost (USD)sort ascending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
5.39
Percentage difference between market reference rate 0.38 and exchange rate charged 0.36
5.39
37.1437.14
508.8274.28
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
390.0056.93
4.14
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.14
32.6132.61
446.7665.22
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
341.9049.91
1.87
Percentage difference between market reference rate 0.39 and exchange rate charged 0.39
1.87
26.8326.83
367.5753.66
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
259.0037.81
1.43
Percentage difference between market reference rate 0.38 and exchange rate charged 0.38
1.43
20.3420.34
278.6640.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
192.5128.10
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
15.3415.34
210.1630.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
192.5128.10
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
15.3415.34
210.1630.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
4.90
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.90
12.2012.20
167.1424.40
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.60
4.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
4.88
12.1812.18
166.8724.36
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
4.87
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.87
12.1712.17
166.7324.34
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
23.633.45
6.46
Percentage difference between market reference rate 0.39 and exchange rate charged 0.36
6.46
8.188.18
112.0716.36
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.56
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
2.56
5.625.62
76.9911.24
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.56
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
2.56
5.625.62
76.9911.24
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.56
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
2.56
5.625.62
76.9911.24
Total Average Third Quarter 2023
15.8515.85
Total Average Second Quarter 2023
15.3915.39
Total Average
Fee
177.0325.84
Exchange Rate Margin (%)
2.932.93
Total Cost Percent (%)
15.8515.85
Total Cost (ZAR) Total Cost (USD)
217.1931.71
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.56
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
2.56
3.793.79
129.2418.95
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.56
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
2.56
3.793.79
129.2418.95
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.56
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
2.56
3.793.79
129.2418.95
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
58.828.62
4.14
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.14
5.865.86
199.8329.30
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
4.87
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.87
7.807.80
265.9839.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.66
4.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
4.88
7.817.81
266.3239.05
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
4.90
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.90
7.837.83
267.0039.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
250.2736.70
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
8.638.63
294.2843.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
250.2736.70
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
8.638.63
294.2843.15
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
259.0037.98
1.43
Percentage difference between market reference rate 0.38 and exchange rate charged 0.38
1.43
9.039.03
307.9245.15
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
346.5050.81
1.87
Percentage difference between market reference rate 0.39 and exchange rate charged 0.39
1.87
12.0312.03
410.2260.15
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
390.0057.18
4.14
Percentage difference between market reference rate 0.39 and exchange rate charged 0.37
4.14
15.5815.58
531.2877.90
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
5.39
Percentage difference between market reference rate 0.38 and exchange rate charged 0.36
5.39
18.1518.15
618.9290.75
Total Average Third Quarter 2023
8.688.68
Total Average Second Quarter 2023
8.458.45
Total Average
Fee
201.0429.48
Exchange Rate Margin (%)
2.792.79
Total Cost Percent (%)
8.688.68
Total Cost (ZAR) Total Cost (USD)
296.0543.41
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet