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: 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.
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.85
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.85
21.2921.29
291.6742.58
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.88
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.88
32.6332.63
447.0365.26
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
3.63
Percentage difference between market reference rate 121.01 and exchange rate charged 116.62
3.63
8.638.63
118.2317.26
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.29
Percentage difference between market reference rate 123.22 and exchange rate charged 119.16
3.29
8.298.29
113.5716.58
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.29
Percentage difference between market reference rate 123.22 and exchange rate charged 119.16
3.29
8.298.29
113.5716.58
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
4.19
Percentage difference between market reference rate 122.59 and exchange rate charged 117.46
4.19
9.019.01
123.4418.02
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
66.009.64
4.50
Percentage difference between market reference rate 123.09 and exchange rate charged 117.55
4.50
9.329.32
127.6818.64
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
195.1528.49
3.53
Percentage difference between market reference rate 122.87 and exchange rate charged 118.53
3.53
17.7717.77
243.4535.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
195.1528.49
3.53
Percentage difference between market reference rate 122.87 and exchange rate charged 118.53
3.53
17.7717.77
243.4535.54
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
4.76
Percentage difference between market reference rate 120.73 and exchange rate charged 114.98
4.76
8.968.96
122.7517.92
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
4.76
Percentage difference between market reference rate 120.73 and exchange rate charged 114.98
4.76
8.968.96
122.7517.92
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
0.79
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
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
15.3115.31
209.7530.62
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
98.9114.44
Total Average Second Quarter
11.3811.38
Total Average First Quarter
11.0111.01
Total Average
Fee
120.4817.59
Exchange Rate Margin (%)
2.592.59
Total Cost Percent (%)
11.3811.38
Total Cost (ZAR) Total Cost (USD)
155.9622.77
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.88
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.88
13.6413.64
465.1268.20
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.85
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.85
9.069.06
308.9545.30
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.29
Percentage difference between market reference rate 123.22 and exchange rate charged 119.16
3.29
8.298.29
282.6941.45
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
3.63
Percentage difference between market reference rate 121.01 and exchange rate charged 116.62
3.63
8.638.63
294.2843.15
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.29
Percentage difference between market reference rate 123.22 and exchange rate charged 119.16
3.29
8.298.29
282.6941.45
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
4.19
Percentage difference between market reference rate 122.59 and exchange rate charged 117.46
4.19
6.806.80
231.8834.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
4.50
Percentage difference between market reference rate 123.09 and exchange rate charged 117.55
4.50
7.117.11
242.4535.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
253.6937.20
3.53
Percentage difference between market reference rate 122.87 and exchange rate charged 118.53
3.53
10.9710.97
374.0854.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
253.6937.20
3.53
Percentage difference between market reference rate 122.87 and exchange rate charged 118.53
3.53
10.9710.97
374.0854.85
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
4.76
Percentage difference between market reference rate 120.73 and exchange rate charged 114.98
4.76
6.456.45
219.9532.25
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
4.76
Percentage difference between market reference rate 120.73 and exchange rate charged 114.98
4.76
6.456.45
219.9532.25
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
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
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
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 121.12 and exchange rate charged 118.43
2.22
7.227.22
246.2036.10
Total Average Second Quarter
8.208.20
Total Average First Quarter
7.927.92
Total Average
Fee
191.1628.03
Exchange Rate Margin (%)
2.592.59
Total Cost Percent (%)
8.208.20
Total Cost (ZAR) Total Cost (USD)
279.5040.98
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet