Remittance Prices Worldwide

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Sending money from UNITED-STATES to SOMALIA

Data collected on: Feb 18, 2025 - Feb 21, 2025
USD | 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 (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
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
Medium 
Fee
8.00
Exchange rate margin(%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
Total cost (%)
4.00
Total cost (USD)sort descending
8.00
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
12.00
Exchange rate margin(%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
Total cost (%)
6.00
Total cost (USD)sort descending
12.00
Firm
Kaah Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
12.00
Exchange rate margin(%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
Total cost (%)
6.00
Total cost (USD)sort descending
12.00
Firm
Tawakal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
12.00
Exchange rate margin(%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
Total cost (%)
6.00
Total cost (USD)sort descending
12.00
Firm
Iftin Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
12.00
Exchange rate margin(%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
Total cost (%)
6.00
Total cost (USD)sort descending
12.00
Total Average First Quarter 2025
5.60
Total Average Fourth Quarter 2024
5.85
Total Average
Fee
11.20
Exchange Rate Margin (%)
0.00
Total Cost Percent (%)
5.60
Total Cost (USD)
11.20
Non-Transparent records
Cash
Less than one hour Same day
Cash
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