Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From USUnited States you can also send money to

Sending money from UNITED STATES to SOUTH AFRICA

Data collected on: Aug 20, 2023-Sep 06, 2023
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 (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.55
Percentage difference between market reference rate 19.06 and exchange rate charged 18.39
3.55
6.056.05
12.1012.10
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.566.56
4.44
Percentage difference between market reference rate 19.12 and exchange rate charged 18.27
4.44
7.727.72
15.4415.44
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.566.56
4.44
Percentage difference between market reference rate 19.12 and exchange rate charged 18.27
4.44
7.727.72
15.4415.44
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.9910.99
2.31
Percentage difference between market reference rate 18.84 and exchange rate charged 18.41
2.31
7.817.81
15.6215.62
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.995.99
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
8.698.69
17.3817.38
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.0012.00
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
11.6911.69
23.3823.38
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
8.198.19
16.3816.38
Walmart2World
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.008.00
4.84
Percentage difference between market reference rate 18.98 and exchange rate charged 18.06
4.84
8.848.84
17.6817.68
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.44
Percentage difference between market reference rate 19.12 and exchange rate charged 18.27
4.44
6.946.94
13.8813.88
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.991.99
4.14
Percentage difference between market reference rate 19.06 and exchange rate charged 18.27
4.14
5.145.14
10.2810.28
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.6510.65
0.00
Percentage difference between market reference rate 19.07 and exchange rate charged 19.07
0.00
5.335.33
10.6610.66
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.0011.00
3.55
Percentage difference between market reference rate 19.06 and exchange rate charged 18.39
3.55
9.059.05
18.1018.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
7.997.99
3.91
Percentage difference between market reference rate 19.16 and exchange rate charged 18.41
3.91
7.917.91
15.8215.82
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.991.99
4.09
Percentage difference between market reference rate 18.81 and exchange rate charged 18.04
4.09
5.095.09
10.1810.18
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
2.01
Percentage difference between market reference rate 18.84 and exchange rate charged 18.47
2.01
6.016.01
12.0212.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
9.699.69
19.3819.38
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.995.99
2.77
Percentage difference between market reference rate 18.61 and exchange rate charged 18.10
2.77
5.775.77
11.5411.54
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.2110.21
0.00
Percentage difference between market reference rate 19.07 and exchange rate charged 19.07
0.00
5.115.11
10.2210.22
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
16.6416.64
0.00
Percentage difference between market reference rate 19.07 and exchange rate charged 19.07
0.00
8.328.32
16.6416.64
Total Average Third Quarter 2023
7.427.42
Total Average Second Quarter 2023
6.636.63
Total Average
Fee
7.767.76
Exchange Rate Margin (%)
3.543.54
Total Cost Percent (%)
7.427.42
Total Cost (USD) Total Cost (USD)
14.8514.85
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
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
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.991.99
4.09
Percentage difference between market reference rate 18.81 and exchange rate charged 18.04
4.09
4.494.49
22.4522.45
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.44
Percentage difference between market reference rate 19.12 and exchange rate charged 18.27
4.44
5.445.44
27.2027.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
7.997.99
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
7.297.29
36.4536.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
7.297.29
36.4536.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
2.01
Percentage difference between market reference rate 18.84 and exchange rate charged 18.47
2.01
3.613.61
18.0518.05
Walmart2World
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.008.00
4.84
Percentage difference between market reference rate 18.98 and exchange rate charged 18.06
4.84
6.446.44
32.2032.20
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.998.99
2.77
Percentage difference between market reference rate 18.61 and exchange rate charged 18.10
2.77
4.574.57
22.8522.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.999.99
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
7.697.69
38.4538.45
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.7412.74
0.00
Percentage difference between market reference rate 19.07 and exchange rate charged 19.07
0.00
2.552.55
12.7512.75
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.5715.57
4.44
Percentage difference between market reference rate 19.12 and exchange rate charged 18.27
4.44
7.557.55
37.7537.75
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.5715.57
4.44
Percentage difference between market reference rate 19.12 and exchange rate charged 18.27
4.44
7.557.55
37.7537.75
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
16.8716.87
0.00
Percentage difference between market reference rate 19.07 and exchange rate charged 19.07
0.00
3.373.37
16.8516.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
16.9916.99
3.91
Percentage difference between market reference rate 19.16 and exchange rate charged 18.41
3.91
7.317.31
36.5536.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.9920.99
2.31
Percentage difference between market reference rate 18.84 and exchange rate charged 18.41
2.31
6.516.51
32.5532.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.4922.49
5.69
Percentage difference between market reference rate 19.07 and exchange rate charged 17.99
5.69
10.1910.19
50.9550.95
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
32.9432.94
0.00
Percentage difference between market reference rate 19.07 and exchange rate charged 19.07
0.00
6.596.59
32.9532.95
Total Average Third Quarter 2023
6.156.15
Total Average Second Quarter 2023
5.245.24
Total Average
Fee
13.2613.26
Exchange Rate Margin (%)
3.503.50
Total Cost Percent (%)
6.156.15
Total Cost (USD) Total Cost (USD)
30.7630.76
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash