Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Aug 19, 2024-Aug 26, 2024
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 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.
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.65
Exchange rate margin (%)
3.09
Percentage difference between market reference rate 152.12 and exchange rate charged 147.423.09
Total cost (%)
4.914.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
67.279.82
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.65
Exchange rate margin (%)
3.10
Percentage difference between market reference rate 152.14 and exchange rate charged 147.423.10
Total cost (%)
4.924.92
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
67.409.84
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.37
Percentage difference between market reference rate 151.19 and exchange rate charged 149.121.37
Total cost (%)
6.376.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.2712.74
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.38
Percentage difference between market reference rate 151.13 and exchange rate charged 149.051.38
Total cost (%)
6.386.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.4112.76
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
2.39
Percentage difference between market reference rate 151.08 and exchange rate charged 147.482.39
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.2414.78
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
2.39
Percentage difference between market reference rate 151.08 and exchange rate charged 147.482.39
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.2414.78
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
2.39
Percentage difference between market reference rate 151.08 and exchange rate charged 147.482.39
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.2414.78
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
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
207.6430.31
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.01
Total cost (%)
16.1716.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
221.5332.34
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
209.8530.64
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 150.67 and exchange rate charged 145.853.20
Total cost (%)
18.5218.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
253.7237.04
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
209.8530.64
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 150.67 and exchange rate charged 145.853.20
Total cost (%)
18.5218.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
253.7237.04
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0040.88
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
21.3421.34
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
292.3642.68
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.50
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
32.6532.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
447.3165.30
Total Average Third Quarter 2024
13.3213.32
Total Average Second Quarter 2024
11.2711.27
Total Average
Fee
156.8722.90
Exchange Rate Margin (%)
1.871.87
Total Cost Percent (%)
13.3213.32
Total Cost (ZAR) Total Cost (USD)
182.5126.64
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
89.0013.05
Exchange rate margin (%)
1.37
Percentage difference between market reference rate 151.19 and exchange rate charged 149.121.37
Total cost (%)
3.983.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
135.7219.90
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
89.0013.05
Exchange rate margin (%)
1.38
Percentage difference between market reference rate 151.13 and exchange rate charged 149.051.38
Total cost (%)
3.993.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
136.0619.95
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.66
Exchange rate margin (%)
3.33
Percentage difference between market reference rate 152.12 and exchange rate charged 147.063.33
Total cost (%)
4.064.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
138.4520.30
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.66
Exchange rate margin (%)
3.34
Percentage difference between market reference rate 152.14 and exchange rate charged 147.063.34
Total cost (%)
4.074.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
138.7920.35
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
2.39
Percentage difference between market reference rate 151.08 and exchange rate charged 147.482.39
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
252.0036.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
2.39
Percentage difference between market reference rate 151.08 and exchange rate charged 147.482.39
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
252.0036.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
2.39
Percentage difference between market reference rate 151.08 and exchange rate charged 147.482.39
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
252.0036.95
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0041.06
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
9.119.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
310.6545.55
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
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
290.7042.62
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.01
Total cost (%)
9.539.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
324.9747.65
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
272.8140.00
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 150.67 and exchange rate charged 145.853.20
Total cost (%)
11.2011.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
381.9256.00
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
272.8140.00
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 150.67 and exchange rate charged 145.853.20
Total cost (%)
11.2011.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
381.9256.00
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.78
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
13.6613.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
465.8168.30
Total Average Third Quarter 2024
8.078.07
Total Average Second Quarter 2024
7.547.54
Total Average
Fee
210.4330.85
Exchange Rate Margin (%)
1.901.90
Total Cost Percent (%)
8.078.07
Total Cost (ZAR) Total Cost (USD)
275.3240.37
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days
Bank account Cash Mobile wallet
Least Costly Corridors To Tanzania
Least Costly Corridors From South Africa
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