Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ANGOLA

Data collected on: Feb 19, 2024-Feb 26, 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)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.
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
0.73
Percentage difference between market reference rate 43.79 and exchange rate charged 43.47
0.73
8.038.03
110.0116.06
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.60
0.73
Percentage difference between market reference rate 43.79 and exchange rate charged 43.47
0.73
8.038.03
110.0116.06
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
1.11
Percentage difference between market reference rate 44.99 and exchange rate charged 44.49
1.11
8.418.41
115.2216.82
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
130.0018.98
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
11.4911.49
157.4122.98
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
219.8932.10
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.94
16.9916.99
232.7633.98
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.87
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.87
17.2017.20
235.6434.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
18.7918.79
257.4237.58
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
18.7918.79
257.4237.58
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
21.3521.35
292.5042.70
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
381.9055.75
0.92
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.92
28.8028.80
394.5657.60
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
420.0061.31
1.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.80
32.4632.46
444.7064.92
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
32.6632.66
447.4465.32
Total Average First Quarter
18.4018.40
Total Average Fourth Quarter 2023
17.9517.95
Total Average
Fee
235.5734.39
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
18.4018.40
Total Cost (ZAR) Total Cost (USD)
252.1036.80
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash
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
100.0014.66
0.73
Percentage difference between market reference rate 43.79 and exchange rate charged 43.47
0.73
3.663.66
124.8118.30
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.66
0.73
Percentage difference between market reference rate 43.79 and exchange rate charged 43.47
0.73
3.663.66
124.8118.30
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
1.11
Percentage difference between market reference rate 44.99 and exchange rate charged 44.49
1.11
4.044.04
137.7620.20
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
6.406.40
218.2432.00
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
307.8445.14
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.94
9.979.97
339.9849.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.87
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.87
10.0610.06
343.0550.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
9.339.33
318.1546.65
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
9.339.33
318.1546.65
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
9.129.12
310.9945.60
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
381.9056.00
0.92
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.92
12.1212.12
413.2960.60
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
420.0061.58
1.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.80
14.1214.12
481.4970.60
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
13.6713.67
466.1568.35
Total Average First Quarter
8.998.99
Total Average Fourth Quarter 2023
8.928.92
Total Average
Fee
265.3238.90
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
8.998.99
Total Cost (ZAR) Total Cost (USD)
306.4644.94
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash