Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from THAILAND to INDONESIA

Data collected on: Feb 23, 2024-Mar 05, 2024
THB | 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 (THB)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Krungsri Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,300.0036.62
6.51
Percentage difference between market reference rate 431.98 and exchange rate charged 403.88
6.51
24.8224.82
1,762.2249.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.947.07
2.52
Percentage difference between market reference rate 433.78 and exchange rate charged 422.87
2.52
6.056.05
429.5512.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
258.547.28
2.37
Percentage difference between market reference rate 440.46 and exchange rate charged 430.01
2.37
6.016.01
426.7112.02
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
115.053.24
2.35
Percentage difference between market reference rate 432.34 and exchange rate charged 422.19
2.35
3.973.97
281.877.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
250.947.07
3.52
Percentage difference between market reference rate 440.47 and exchange rate charged 424.95
3.52
7.057.05
500.5514.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
258.547.28
3.45
Percentage difference between market reference rate 440.34 and exchange rate charged 425.16
3.45
7.097.09
503.3914.18
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
115.053.24
3.50
Percentage difference between market reference rate 432.58 and exchange rate charged 417.43
3.50
5.125.12
363.5210.24
Bangkok Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,050.0029.58
2.75
Percentage difference between market reference rate 437.56 and exchange rate charged 425.53
2.75
17.5417.54
1,245.3435.08
UOB Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
900.0025.35
0.49
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.49
13.1713.17
935.0726.34
Bangkok Bank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
High
600.0016.90
2.42
Percentage difference between market reference rate 436.53 and exchange rate charged 425.99
2.42
10.8710.87
771.7721.74
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
600.0016.90
3.36
Percentage difference between market reference rate 440.34 and exchange rate charged 425.53
3.36
11.8111.81
838.5123.62
UOB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
1,100.0030.99
0.16
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.16
15.6515.65
1,111.1531.30
TMB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,200.0033.80
0.78
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.78
17.6817.68
1,255.2835.36
Siam Commercial Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,350.0038.03
6.50
Percentage difference between market reference rate 436.53 and exchange rate charged 408.16
6.50
25.5125.51
1,811.2151.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
99.002.79
4.64
Percentage difference between market reference rate 436.96 and exchange rate charged 416.67
4.64
6.036.03
428.1312.06
Krungsri Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,150.0032.39
6.75
Percentage difference between market reference rate 432.34 and exchange rate charged 403.16
6.75
22.9522.95
1,629.4545.90
Bangkok Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
1,150.0032.39
2.74
Percentage difference between market reference rate 437.50 and exchange rate charged 425.53
2.74
18.9418.94
1,344.7437.88
DeeMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
160.504.52
1.32
Percentage difference between market reference rate 433.08 and exchange rate charged 427.35
1.32
3.583.58
254.187.16
Total Average First Quarter
12.4412.44
Total Average Fourth Quarter 2023
12.1412.14
Total Average
Fee
661.5918.64
Exchange Rate Margin (%)
3.123.12
Total Cost Percent (%)
12.4412.44
Total Cost (THB) Total Cost (USD)
882.9224.87
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
Siam Commercial Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,350.0037.92
6.50
Percentage difference between market reference rate 436.53 and exchange rate charged 408.16
6.50
14.0814.08
2,506.2470.40
Krungsri Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,300.0036.52
6.51
Percentage difference between market reference rate 431.98 and exchange rate charged 403.88
6.51
13.8113.81
2,458.1869.05
Krungsri Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,150.0032.30
6.75
Percentage difference between market reference rate 432.34 and exchange rate charged 403.16
6.75
13.2113.21
2,351.3866.05
Bangkok Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
1,150.0032.30
2.74
Percentage difference between market reference rate 437.50 and exchange rate charged 425.53
2.74
9.209.20
1,637.6046.00
Bangkok Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,050.0029.49
2.75
Percentage difference between market reference rate 437.56 and exchange rate charged 425.53
2.75
8.658.65
1,539.7043.25
TMB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,200.0033.71
0.78
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.78
7.527.52
1,338.5637.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
600.0016.85
3.36
Percentage difference between market reference rate 440.34 and exchange rate charged 425.53
3.36
6.736.73
1,197.9433.65
UOB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
1,100.0030.90
0.16
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.16
6.346.34
1,128.5231.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
498.9714.02
3.45
Percentage difference between market reference rate 440.34 and exchange rate charged 425.16
3.45
6.256.25
1,112.5031.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
479.9213.48
3.52
Percentage difference between market reference rate 440.47 and exchange rate charged 424.95
3.52
6.226.22
1,107.1631.10
Bangkok Bank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
High
600.0016.85
2.42
Percentage difference between market reference rate 436.53 and exchange rate charged 425.99
2.42
5.795.79
1,030.6228.95
UOB Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
900.0025.28
0.49
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.49
5.555.55
987.9027.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
479.9213.48
2.52
Percentage difference between market reference rate 433.78 and exchange rate charged 422.87
2.52
5.225.22
929.1626.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
99.002.78
4.64
Percentage difference between market reference rate 436.96 and exchange rate charged 416.67
4.64
5.205.20
925.6026.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
498.9714.02
2.37
Percentage difference between market reference rate 440.46 and exchange rate charged 430.01
2.37
5.175.17
920.2625.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
115.053.23
3.50
Percentage difference between market reference rate 432.58 and exchange rate charged 417.43
3.50
4.154.15
738.7020.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
115.053.23
2.35
Percentage difference between market reference rate 432.34 and exchange rate charged 422.19
2.35
3.003.00
534.0015.00
DeeMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
160.504.51
1.32
Percentage difference between market reference rate 433.08 and exchange rate charged 427.35
1.32
2.222.22
395.1611.10
Total Average First Quarter
7.137.13
Total Average Fourth Quarter 2023
6.846.84
Total Average
Fee
713.7420.05
Exchange Rate Margin (%)
3.123.12
Total Cost Percent (%)
7.137.13
Total Cost (THB) Total Cost (USD)
1,268.8435.64
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