Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Nov 22, 2023-Dec 11, 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 (%)sort ascending
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.
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
1.19
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.19
32.9432.94
451.2865.88
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
1.19
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.19
21.6321.63
296.3343.26
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
220.9032.25
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.24
17.3617.36
237.8334.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
190.5827.82
3.19
Percentage difference between market reference rate 134.15 and exchange rate charged 129.87
3.19
17.1017.10
234.2734.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.5827.82
3.19
Percentage difference between market reference rate 134.15 and exchange rate charged 129.87
3.19
17.1017.10
234.2734.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
215.0931.40
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.80
16.5016.50
226.0533.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
215.0931.40
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.80
16.5016.50
226.0533.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
215.0931.40
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.80
16.5016.50
226.0533.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
3.90
Percentage difference between market reference rate 132.82 and exchange rate charged 127.65
3.90
8.908.90
121.9317.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.58
Percentage difference between market reference rate 132.04 and exchange rate charged 128.64
2.58
7.587.58
103.8515.16
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.57
Percentage difference between market reference rate 132.03 and exchange rate charged 128.64
2.57
7.577.57
103.7115.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.57
Percentage difference between market reference rate 132.03 and exchange rate charged 128.64
2.57
7.577.57
103.7115.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.51
Percentage difference between market reference rate 132.25 and exchange rate charged 128.93
2.51
7.517.51
102.8915.02
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.51
Percentage difference between market reference rate 132.25 and exchange rate charged 128.93
2.51
7.517.51
102.8915.02
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.51
Percentage difference between market reference rate 132.25 and exchange rate charged 128.93
2.51
7.517.51
102.8915.02
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.47
Percentage difference between market reference rate 132.20 and exchange rate charged 128.93
2.47
7.477.47
102.3414.94
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.47
Percentage difference between market reference rate 132.20 and exchange rate charged 128.93
2.47
7.477.47
102.3414.94
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.65
3.99
Percentage difference between market reference rate 131.38 and exchange rate charged 126.13
3.99
5.815.81
79.6011.62
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.65
3.99
Percentage difference between market reference rate 131.38 and exchange rate charged 126.13
3.99
5.815.81
79.6011.62
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
66.009.64
-0.28
Percentage difference between market reference rate 131.21 and exchange rate charged 131.58
-0.28
4.544.54
62.209.08
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.502.26
2.41
Percentage difference between market reference rate 132.58 and exchange rate charged 129.39
2.41
3.543.54
48.507.08
Total Average Fourth Quarter 2023
11.6411.64
Total Average Third Quarter 2023
11.4811.48
Total Average
Fee
129.0618.84
Exchange Rate Margin (%)
2.222.22
Total Cost Percent (%)
11.6411.64
Total Cost (ZAR) Total Cost (USD)
159.4623.28
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 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
High
15.502.27
2.41
Percentage difference between market reference rate 132.58 and exchange rate charged 129.39
2.41
2.862.86
97.5314.30
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
-0.28
Percentage difference between market reference rate 131.21 and exchange rate charged 131.58
-0.28
2.332.33
79.4511.65
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.66
3.99
Percentage difference between market reference rate 131.38 and exchange rate charged 126.13
3.99
4.724.72
160.9523.60
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.66
3.99
Percentage difference between market reference rate 131.38 and exchange rate charged 126.13
3.99
4.724.72
160.9523.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.47
Percentage difference between market reference rate 132.20 and exchange rate charged 128.93
2.47
7.477.47
254.7337.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.47
Percentage difference between market reference rate 132.20 and exchange rate charged 128.93
2.47
7.477.47
254.7337.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.51
Percentage difference between market reference rate 132.25 and exchange rate charged 128.93
2.51
7.517.51
256.0937.55
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.51
Percentage difference between market reference rate 132.25 and exchange rate charged 128.93
2.51
7.517.51
256.0937.55
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.51
Percentage difference between market reference rate 132.25 and exchange rate charged 128.93
2.51
7.517.51
256.0937.55
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.57
Percentage difference between market reference rate 132.03 and exchange rate charged 128.64
2.57
7.577.57
258.1437.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.57
Percentage difference between market reference rate 132.03 and exchange rate charged 128.64
2.57
7.577.57
258.1437.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.58
Percentage difference between market reference rate 132.04 and exchange rate charged 128.64
2.58
7.587.58
258.4837.90
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
3.90
Percentage difference between market reference rate 132.82 and exchange rate charged 127.65
3.90
6.516.51
221.9932.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
301.1344.15
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.80
9.639.63
328.3848.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
301.1344.15
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.80
9.639.63
328.3848.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
301.1344.15
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.80
9.639.63
328.3848.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
247.7536.33
3.19
Percentage difference between market reference rate 134.15 and exchange rate charged 129.87
3.19
10.4610.46
356.6952.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
247.7536.33
3.19
Percentage difference between market reference rate 134.15 and exchange rate charged 129.87
3.19
10.4610.46
356.6952.30
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
309.2645.35
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.24
10.3110.31
351.5751.55
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
1.19
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.19
9.409.40
320.5447.00
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
1.19
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.19
13.9513.95
475.7069.75
Total Average Fourth Quarter 2023
7.857.85
Total Average Third Quarter 2023
8.348.34
Total Average
Fee
191.9328.14
Exchange Rate Margin (%)
2.222.22
Total Cost Percent (%)
7.857.85
Total Cost (ZAR) Total Cost (USD)
267.6039.24
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 3-5 days
Bank account Cash Mobile wallet