Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from UAE to SRI LANKA

Data collected on: Aug 20, 2023-Aug 30, 2023
AED | 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 (AED)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Al Ansari
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
17.004.63
0.87
Percentage difference between market reference rate 88.15 and exchange rate charged 87.38
0.87
3.183.18
23.376.36
Wall St Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.754.29
1.00
Percentage difference between market reference rate 88.21 and exchange rate charged 87.33
1.00
3.143.14
23.086.28
Lari
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.754.29
0.15
Percentage difference between market reference rate 88.19 and exchange rate charged 88.05
0.15
2.292.29
16.834.58
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.754.29
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
2.302.30
16.914.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
16.754.56
0.37
Percentage difference between market reference rate 88.20 and exchange rate charged 87.87
0.37
2.652.65
19.485.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.754.29
0.18
Percentage difference between market reference rate 88.35 and exchange rate charged 88.19
0.18
2.322.32
17.054.64
Al Ansari
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.005.71
0.87
Percentage difference between market reference rate 88.15 and exchange rate charged 87.38
0.87
3.733.73
27.427.46
Lari
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
15.754.29
0.15
Percentage difference between market reference rate 88.19 and exchange rate charged 88.05
0.15
2.292.29
16.834.58
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.754.29
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
2.302.30
16.914.60
GCC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
11.002.99
0.03
Percentage difference between market reference rate 88.14 and exchange rate charged 88.11
0.03
1.531.53
11.253.06
Wall St Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
17.004.63
1.00
Percentage difference between market reference rate 88.21 and exchange rate charged 87.33
1.00
3.313.31
24.336.62
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
15.754.29
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
2.302.30
16.914.60
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.754.29
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
2.302.30
16.914.60
Al Ansari
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
17.004.63
0.87
Percentage difference between market reference rate 88.15 and exchange rate charged 87.38
0.87
3.183.18
23.376.36
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
37.3010.15
0.08
Percentage difference between market reference rate 88.28 and exchange rate charged 88.21
0.08
5.155.15
37.8510.30
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
40.1610.93
0.08
Percentage difference between market reference rate 88.28 and exchange rate charged 88.21
0.08
5.545.54
40.7211.08
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.754.29
0.29
Percentage difference between market reference rate 86.85 and exchange rate charged 86.59
0.29
2.432.43
17.864.86
DirectRemit (NBD)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.63
Percentage difference between market reference rate 88.28 and exchange rate charged 87.72
0.63
0.630.63
4.631.26
Total Average Third Quarter 2023
2.812.81
Total Average Second Quarter 2023
3.163.16
Total Average
Fee
17.724.82
Exchange Rate Margin (%)
0.400.40
Total Cost Percent (%)
2.812.81
Total Cost (AED) Total Cost (USD)
20.655.62
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
DirectRemit (NBD)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.63
Percentage difference between market reference rate 88.28 and exchange rate charged 87.72
0.63
0.630.63
11.563.15
GCC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
11.003.00
0.03
Percentage difference between market reference rate 88.14 and exchange rate charged 88.11
0.03
0.630.63
11.563.15
Wall St Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.754.29
1.00
Percentage difference between market reference rate 88.21 and exchange rate charged 87.33
1.00
1.861.86
34.139.30
Lari
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.754.29
0.15
Percentage difference between market reference rate 88.19 and exchange rate charged 88.05
0.15
1.011.01
18.535.05
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.754.29
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
1.021.02
18.725.10
Lari
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
15.754.29
0.15
Percentage difference between market reference rate 88.19 and exchange rate charged 88.05
0.15
1.011.01
18.535.05
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.754.29
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
1.021.02
18.725.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.754.29
0.29
Percentage difference between market reference rate 86.85 and exchange rate charged 86.59
0.29
1.151.15
21.105.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
16.754.56
0.37
Percentage difference between market reference rate 88.20 and exchange rate charged 87.87
0.37
1.281.28
23.496.40
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
21.005.72
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
1.301.30
23.866.50
Al Fardan Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
21.005.72
0.16
Percentage difference between market reference rate 88.24 and exchange rate charged 88.10
0.16
1.301.30
23.866.50
Al Ansari
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.005.72
0.87
Percentage difference between market reference rate 88.15 and exchange rate charged 87.38
0.87
2.012.01
36.8810.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.005.72
0.18
Percentage difference between market reference rate 88.35 and exchange rate charged 88.19
0.18
1.321.32
24.226.60
Wall St Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
23.006.27
1.00
Percentage difference between market reference rate 88.21 and exchange rate charged 87.33
1.00
2.252.25
41.2911.25
Al Ansari
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
23.006.27
0.87
Percentage difference between market reference rate 88.15 and exchange rate charged 87.38
0.87
2.122.12
38.9010.60
Al Ansari
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
23.006.27
0.87
Percentage difference between market reference rate 88.15 and exchange rate charged 87.38
0.87
2.122.12
38.9010.60
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
80.6121.96
0.08
Percentage difference between market reference rate 88.28 and exchange rate charged 88.21
0.08
4.474.47
82.0222.35
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
87.7923.92
0.08
Percentage difference between market reference rate 88.28 and exchange rate charged 88.21
0.08
4.864.86
89.1824.30
Total Average Third Quarter 2023
1.741.74
Total Average Second Quarter 2023
2.022.02
Total Average
Fee
24.656.72
Exchange Rate Margin (%)
0.400.40
Total Cost Percent (%)
1.741.74
Total Cost (AED) Total Cost (USD)
31.978.71
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