Remittance Prices Worldwide

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Sending money from SOUTH-AFRICA to NIGERIA

Data collected on: Aug 16, 2025 - Aug 22, 2025
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
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.
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
5.58
Percentage difference between market reference rate 86.89 and exchange rate charged 82.04
Total cost (%)
7.40
Total cost (ZAR)sort descending
101.45
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
5.58
Percentage difference between market reference rate 86.89 and exchange rate charged 82.04
Total cost (%)
7.40
Total cost (ZAR)sort descending
101.45
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
4.99
Percentage difference between market reference rate 86.70 and exchange rate charged 82.37
Total cost (%)
4.99
Total cost (ZAR)sort descending
68.36
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
4.99
Percentage difference between market reference rate 86.70 and exchange rate charged 82.37
Total cost (%)
4.99
Total cost (ZAR)sort descending
68.36
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
4.99
Percentage difference between market reference rate 86.70 and exchange rate charged 82.37
Total cost (%)
4.99
Total cost (ZAR)sort descending
68.36
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
200.00
Exchange rate margin(%)
4.82
Percentage difference between market reference rate 86.72 and exchange rate charged 82.54
Total cost (%)
19.42
Total cost (ZAR)sort descending
266.03
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
200.00
Exchange rate margin(%)
4.82
Percentage difference between market reference rate 86.72 and exchange rate charged 82.54
Total cost (%)
19.42
Total cost (ZAR)sort descending
266.03
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
69.00
Exchange rate margin(%)
4.01
Percentage difference between market reference rate 86.83 and exchange rate charged 83.34
Total cost (%)
9.05
Total cost (ZAR)sort descending
123.94
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
80.00
Exchange rate margin(%)
2.42
Percentage difference between market reference rate 86.72 and exchange rate charged 84.62
Total cost (%)
8.26
Total cost (ZAR)sort descending
113.15
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
80.00
Exchange rate margin(%)
2.42
Percentage difference between market reference rate 86.72 and exchange rate charged 84.62
Total cost (%)
8.26
Total cost (ZAR)sort descending
113.15
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
70.00
Exchange rate margin(%)
2.42
Percentage difference between market reference rate 86.72 and exchange rate charged 84.62
Total cost (%)
7.53
Total cost (ZAR)sort descending
103.15
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
88.95
Exchange rate margin(%)
2.28
Percentage difference between market reference rate 87.09 and exchange rate charged 85.10
Total cost (%)
8.77
Total cost (ZAR)sort descending
120.19
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
450.00
Exchange rate margin(%)
1.75
Percentage difference between market reference rate 86.82 and exchange rate charged 85.30
Total cost (%)
34.60
Total cost (ZAR)sort descending
473.97
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Low 
Fee
29.00
Exchange rate margin(%)
1.34
Percentage difference between market reference rate 86.73 and exchange rate charged 85.57
Total cost (%)
3.46
Total cost (ZAR)sort descending
47.36
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
450.00
Exchange rate margin(%)
0.67
Percentage difference between market reference rate 87.11 and exchange rate charged 86.53
Total cost (%)
33.52
Total cost (ZAR)sort descending
459.18
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
450.00
Exchange rate margin(%)
0.67
Percentage difference between market reference rate 87.11 and exchange rate charged 86.53
Total cost (%)
33.52
Total cost (ZAR)sort descending
459.18
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
450.00
Exchange rate margin(%)
0.67
Percentage difference between market reference rate 87.11 and exchange rate charged 86.53
Total cost (%)
33.52
Total cost (ZAR)sort descending
459.18
Total Average Third Quarter 2025
14.65
Total Average Second Quarter 2025
0
Total Average
Fee
156.88
Exchange Rate Margin (%)
3.20
Total Cost Percent (%)
14.65
Total Cost (ZAR)
200.73
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