Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to KENYA

Data collected on: Nov 19, 2024-Dec 04, 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)Total cost (USD)
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
Agent
High
210.1930.68
3.28
Percentage difference between market reference rate 7.14 and exchange rate charged 6.91
3.28
18.6218.62
255.0937.24
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
210.1930.68
3.42
Percentage difference between market reference rate 7.15 and exchange rate charged 6.91
3.42
18.7618.76
257.0137.52
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
209.4730.58
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.92
16.2116.21
222.0832.42
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
78.4011.45
4.54
Percentage difference between market reference rate 7.14 and exchange rate charged 6.82
4.54
10.2610.26
140.5620.52
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
78.4811.46
4.50
Percentage difference between market reference rate 7.14 and exchange rate charged 6.82
4.50
10.2310.23
140.1520.46
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
2.19
Percentage difference between market reference rate 7.15 and exchange rate charged 6.99
2.19
33.9433.94
464.9867.88
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
16.7416.74
229.3433.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
16.7416.74
229.3433.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
16.7416.74
229.3433.48
Total Average Fourth Quarter 2024
17.5817.58
Total Average Third Quarter 2024
10.7510.75
Total Average
Fee
207.0930.23
Exchange Rate Margin (%)
2.472.47
Total Cost Percent (%)
17.5817.58
Total Cost (ZAR) Total Cost (USD)
240.8835.16
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Same day Next day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
119.2017.48
4.54
Percentage difference between market reference rate 7.14 and exchange rate charged 6.82
4.54
8.048.04
274.1640.20
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
119.2017.48
4.50
Percentage difference between market reference rate 7.14 and exchange rate charged 6.82
4.50
8.008.00
272.8040.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
273.2440.06
3.28
Percentage difference between market reference rate 7.14 and exchange rate charged 6.91
3.28
11.2911.29
384.9956.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
273.2440.06
3.42
Percentage difference between market reference rate 7.15 and exchange rate charged 6.91
3.42
11.4311.43
389.7657.15
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
293.2643.00
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.92
9.529.52
324.6347.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
9.919.91
337.9349.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
9.919.91
337.9349.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
9.919.91
337.9349.55
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
2.19
Percentage difference between market reference rate 7.15 and exchange rate charged 6.99
2.19
14.9514.95
509.8074.75
Total Average Fourth Quarter 2024
10.3310.33
Total Average Third Quarter 2024
6.956.95
Total Average
Fee
268.0039.30
Exchange Rate Margin (%)
2.472.47
Total Cost Percent (%)
10.3310.33
Total Cost (ZAR) Total Cost (USD)
352.2151.64
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Same day Next day 2 days
Bank account Cash Mobile wallet