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: May 22, 2023-Jun 06, 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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
281.0041.02
-0.08
Percentage difference between market reference rate 0.36 and exchange rate charged 0.36
-0.08
20.4320.43
279.8940.86
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
195.1528.49
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
15.6415.64
214.2731.28
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
361.9052.83
1.75
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
1.75
28.1728.17
385.9356.34
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
198.9029.04
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
15.3115.31
209.7530.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
198.9029.04
0.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.55
15.0715.07
206.4630.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
198.9029.04
0.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.55
15.0715.07
206.4630.14
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
23.633.45
4.11
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
4.11
5.835.83
79.8711.66
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.60
8.79
Percentage difference between market reference rate 0.37 and exchange rate charged 0.33
8.79
16.0916.09
220.4332.18
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
259.0037.81
1.61
Percentage difference between market reference rate 0.37 and exchange rate charged 0.36
1.61
20.5220.52
281.1241.04
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
4.84
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
4.84
12.1412.14
166.3224.28
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
4.84
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
4.84
12.1412.14
166.3224.28
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.59
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
2.59
5.655.65
77.4111.30
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
5.50
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
5.50
37.2537.25
510.3374.50
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.59
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
2.59
5.655.65
77.4111.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
195.1528.49
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
15.6415.64
214.2731.28
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.59
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
2.59
5.655.65
77.4111.30
Total Average Second Quarter
15.3915.39
Total Average First Quarter
15.0415.04
Total Average
Fee
173.3425.31
Exchange Rate Margin (%)
2.742.74
Total Cost Percent (%)
15.3915.39
Total Cost (ZAR) Total Cost (USD)
210.8530.78
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
58.828.62
1.65
Percentage difference between market reference rate 0.37 and exchange rate charged 0.36
1.65
3.373.37
114.9216.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.59
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
2.59
3.823.82
130.2619.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.59
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
2.59
3.823.82
130.2619.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.59
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
2.59
3.823.82
130.2619.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
4.84
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
4.84
7.777.77
264.9638.85
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
4.84
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
4.84
7.777.77
264.9638.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4640.83
0.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.55
8.728.72
297.3543.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4640.83
0.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.55
8.728.72
297.3543.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
253.6937.20
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
8.848.84
301.4444.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
253.6937.20
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
8.848.84
301.4444.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4640.83
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
8.968.96
305.5444.80
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
314.0046.04
-0.08
Percentage difference between market reference rate 0.36 and exchange rate charged 0.36
-0.08
9.139.13
311.3345.65
Standard Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
259.0037.98
1.61
Percentage difference between market reference rate 0.37 and exchange rate charged 0.36
1.61
9.219.21
314.0646.05
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.66
8.79
Percentage difference between market reference rate 0.37 and exchange rate charged 0.33
8.79
11.7211.72
399.6558.60
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
361.9053.06
1.75
Percentage difference between market reference rate 0.36 and exchange rate charged 0.35
1.75
12.3612.36
421.4861.80
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
5.50
Percentage difference between market reference rate 0.37 and exchange rate charged 0.35
5.50
18.2618.26
622.6791.30
Total Average Second Quarter
8.458.45
Total Average First Quarter
8.158.15
Total Average
Fee
199.8429.30
Exchange Rate Margin (%)
2.592.59
Total Cost Percent (%)
8.458.45
Total Cost (ZAR) Total Cost (USD)
288.0042.23
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet