Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from UAE to SRI LANKA

Data collected on: Nov 23, 2022-Dec 06, 2022
AED | 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 (AED)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.
Firm
DirectRemit (NBD)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.95
Percentage difference between market reference rate 100.05 and exchange rate charged 99.110.95
Total cost (%)
0.950.95
Total cost (AED)sort descendingTotal cost (USD)sort descending
6.981.90
Firm
GCC Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
11.002.99
Exchange rate margin (%)
0.25
Percentage difference between market reference rate 99.65 and exchange rate charged 99.400.25
Total cost (%)
1.741.74
Total cost (AED)sort descendingTotal cost (USD)sort descending
12.793.48
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
2.172.17
Total cost (AED)sort descendingTotal cost (USD)sort descending
15.954.34
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
2.172.17
Total cost (AED)sort descendingTotal cost (USD)sort descending
15.954.34
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
2.172.17
Total cost (AED)sort descendingTotal cost (USD)sort descending
15.954.34
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
2.172.17
Total cost (AED)sort descendingTotal cost (USD)sort descending
15.954.34
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
17.004.63
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 99.51 and exchange rate charged 99.60-0.09
Total cost (%)
2.222.22
Total cost (AED)sort descendingTotal cost (USD)sort descending
16.324.44
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.43
Percentage difference between market reference rate 100.05 and exchange rate charged 99.620.43
Total cost (%)
2.572.57
Total cost (AED)sort descendingTotal cost (USD)sort descending
18.895.14
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.43
Percentage difference between market reference rate 100.05 and exchange rate charged 99.620.43
Total cost (%)
2.572.57
Total cost (AED)sort descendingTotal cost (USD)sort descending
18.895.14
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 100.05 and exchange rate charged 99.450.60
Total cost (%)
2.752.75
Total cost (AED)sort descendingTotal cost (USD)sort descending
20.215.50
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
21.005.71
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 99.51 and exchange rate charged 99.60-0.09
Total cost (%)
2.772.77
Total cost (AED)sort descendingTotal cost (USD)sort descending
20.365.54
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
21.005.71
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 99.51 and exchange rate charged 99.60-0.09
Total cost (%)
2.772.77
Total cost (AED)sort descendingTotal cost (USD)sort descending
20.365.54
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 100.05 and exchange rate charged 99.340.71
Total cost (%)
2.862.86
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.025.72
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
17.004.63
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 100.05 and exchange rate charged 99.450.60
Total cost (%)
2.922.92
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.465.84
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
High
Fee
15.754.29
Exchange rate margin (%)
1.51
Percentage difference between market reference rate 100.05 and exchange rate charged 98.541.51
Total cost (%)
3.663.66
Total cost (AED)sort descendingTotal cost (USD)sort descending
26.907.32
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
4.08
Percentage difference between market reference rate 98.97 and exchange rate charged 94.934.08
Total cost (%)
6.226.22
Total cost (AED)sort descendingTotal cost (USD)sort descending
45.7212.44
Total Average Fourth Quarter 2022
2.672.67
Total Average Third Quarter 2022
1.811.81
Total Average
Fee
15.284.16
Exchange Rate Margin (%)
0.590.59
Total Cost Percent (%)
2.672.67
Total Cost (AED) Total Cost (USD)
19.615.34
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (AED)sort descendingTotal cost (USD)sort descending
Firm
GCC Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
11.003.00
Exchange rate margin (%)
0.25
Percentage difference between market reference rate 99.65 and exchange rate charged 99.400.25
Total cost (%)
0.850.85
Total cost (AED)sort descendingTotal cost (USD)sort descending
15.604.25
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
0.890.89
Total cost (AED)sort descendingTotal cost (USD)sort descending
16.334.45
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
0.890.89
Total cost (AED)sort descendingTotal cost (USD)sort descending
16.334.45
Firm
DirectRemit (NBD)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.95
Percentage difference between market reference rate 100.05 and exchange rate charged 99.110.95
Total cost (%)
0.950.95
Total cost (AED)sort descendingTotal cost (USD)sort descending
17.434.75
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
21.005.72
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 99.51 and exchange rate charged 99.60-0.09
Total cost (%)
1.051.05
Total cost (AED)sort descendingTotal cost (USD)sort descending
19.275.25
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
21.005.72
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 99.51 and exchange rate charged 99.60-0.09
Total cost (%)
1.051.05
Total cost (AED)sort descendingTotal cost (USD)sort descending
19.275.25
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.006.27
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 99.51 and exchange rate charged 99.60-0.09
Total cost (%)
1.161.16
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.295.80
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
21.005.72
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
1.171.17
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.475.85
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
21.005.72
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 99.51 and exchange rate charged 99.480.03
Total cost (%)
1.171.17
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.475.85
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.43
Percentage difference between market reference rate 100.05 and exchange rate charged 99.620.43
Total cost (%)
1.291.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
23.676.45
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.43
Percentage difference between market reference rate 100.05 and exchange rate charged 99.620.43
Total cost (%)
1.291.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
23.676.45
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 100.05 and exchange rate charged 99.450.60
Total cost (%)
1.461.46
Total cost (AED)sort descendingTotal cost (USD)sort descending
26.797.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 100.05 and exchange rate charged 99.340.71
Total cost (%)
1.571.57
Total cost (AED)sort descendingTotal cost (USD)sort descending
28.817.85
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.006.27
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 100.05 and exchange rate charged 99.450.60
Total cost (%)
1.861.86
Total cost (AED)sort descendingTotal cost (USD)sort descending
34.139.30
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
High
Fee
15.754.29
Exchange rate margin (%)
1.51
Percentage difference between market reference rate 100.05 and exchange rate charged 98.541.51
Total cost (%)
2.372.37
Total cost (AED)sort descendingTotal cost (USD)sort descending
43.4911.85
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
4.08
Percentage difference between market reference rate 98.97 and exchange rate charged 94.934.08
Total cost (%)
4.944.94
Total cost (AED)sort descendingTotal cost (USD)sort descending
90.6524.70
Total Average Fourth Quarter 2022
1.501.50
Total Average Third Quarter 2022
0.630.63
Total Average
Fee
16.694.55
Exchange Rate Margin (%)
0.590.59
Total Cost Percent (%)
1.501.50
Total Cost (AED) Total Cost (USD)
27.487.49
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
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