Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: Nov 18, 2024-Dec 04, 2024
ZAR | 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 (ZAR)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.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.35
Percentage difference between market reference rate 92.07 and exchange rate charged 90.82
1.35
1.351.35
18.502.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.35
Percentage difference between market reference rate 92.07 and exchange rate charged 90.82
1.35
1.351.35
18.502.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.66
Percentage difference between market reference rate 93.31 and exchange rate charged 90.82
2.66
2.662.66
36.445.32
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
50.007.30
0.51
Percentage difference between market reference rate 93.64 and exchange rate charged 93.15
0.51
4.164.16
56.998.32
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
53.007.74
0.82
Percentage difference between market reference rate 93.00 and exchange rate charged 92.24
0.82
4.694.69
64.259.38
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
4.70
Percentage difference between market reference rate 92.02 and exchange rate charged 87.70
4.70
6.526.52
89.3213.04
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
4.70
Percentage difference between market reference rate 92.02 and exchange rate charged 87.70
4.70
6.526.52
89.3213.04
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
105.8215.45
3.28
Percentage difference between market reference rate 93.79 and exchange rate charged 90.71
3.28
11.0011.00
150.7022.00
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
130.0018.98
2.45
Percentage difference between market reference rate 92.70 and exchange rate charged 90.42
2.45
11.9411.94
163.5823.88
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
9.51
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.51
14.5114.51
198.7929.02
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
68.5010.00
9.51
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.51
14.5114.51
198.7929.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
180.2526.31
2.04
Percentage difference between market reference rate 92.81 and exchange rate charged 90.91
2.04
15.2015.20
208.2430.40
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
16.35
Percentage difference between market reference rate 92.58 and exchange rate charged 77.45
16.35
16.3516.35
224.0032.70
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
16.36
Percentage difference between market reference rate 92.60 and exchange rate charged 77.45
16.36
16.3616.36
224.1332.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
210.1930.68
2.00
Percentage difference between market reference rate 92.76 and exchange rate charged 90.91
2.00
17.3417.34
237.5634.68
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
2.45
Percentage difference between market reference rate 92.70 and exchange rate charged 90.42
2.45
19.2419.24
263.5938.48
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
2.45
Percentage difference between market reference rate 92.70 and exchange rate charged 90.42
2.45
19.2419.24
263.5938.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
3.65
Percentage difference between market reference rate 91.47 and exchange rate charged 88.13
3.65
19.2719.27
264.0038.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
3.65
Percentage difference between market reference rate 91.47 and exchange rate charged 88.13
3.65
19.2719.27
264.0038.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
3.65
Percentage difference between market reference rate 91.47 and exchange rate charged 88.13
3.65
19.2719.27
264.0038.54
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.61
Percentage difference between market reference rate 92.81 and exchange rate charged 92.24
0.61
32.3632.36
443.3364.72
Total Average Fourth Quarter 2024
13.0113.01
Total Average Third Quarter 2024
13.5713.57
Total Average
Fee
116.8217.05
Exchange Rate Margin (%)
4.484.48
Total Cost Percent (%)
13.0113.01
Total Cost (ZAR) Total Cost (USD)
178.1726.01
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 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
Medium
0.000.00
1.35
Percentage difference between market reference rate 92.07 and exchange rate charged 90.82
1.35
1.351.35
46.046.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.35
Percentage difference between market reference rate 92.07 and exchange rate charged 90.82
1.35
1.351.35
46.046.75
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
50.007.33
0.51
Percentage difference between market reference rate 93.64 and exchange rate charged 93.15
0.51
1.981.98
67.529.90
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
50.007.33
0.82
Percentage difference between market reference rate 93.00 and exchange rate charged 92.24
0.82
2.292.29
78.0911.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.66
Percentage difference between market reference rate 93.31 and exchange rate charged 90.82
2.66
2.662.66
90.7113.30
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
4.70
Percentage difference between market reference rate 92.02 and exchange rate charged 87.70
4.70
5.435.43
185.1627.15
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
4.70
Percentage difference between market reference rate 92.02 and exchange rate charged 87.70
4.70
5.435.43
185.1627.15
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
2.45
Percentage difference between market reference rate 92.70 and exchange rate charged 90.42
2.45
6.856.85
233.5934.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
234.3234.36
2.04
Percentage difference between market reference rate 92.81 and exchange rate charged 90.91
2.04
8.918.91
303.8344.55
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
211.6531.03
3.28
Percentage difference between market reference rate 93.79 and exchange rate charged 90.71
3.28
9.499.49
323.6147.45
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
2.45
Percentage difference between market reference rate 92.70 and exchange rate charged 90.42
2.45
9.789.78
333.5048.90
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
2.45
Percentage difference between market reference rate 92.70 and exchange rate charged 90.42
2.45
9.789.78
333.5048.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
273.2440.06
2.00
Percentage difference between market reference rate 92.76 and exchange rate charged 90.91
2.00
10.0110.01
341.3450.05
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
9.51
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.51
12.1212.12
413.2960.60
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
9.51
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.51
12.1212.12
413.2960.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
3.65
Percentage difference between market reference rate 91.47 and exchange rate charged 88.13
3.65
12.4412.44
424.2062.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
3.65
Percentage difference between market reference rate 91.47 and exchange rate charged 88.13
3.65
12.4412.44
424.2062.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
3.65
Percentage difference between market reference rate 91.47 and exchange rate charged 88.13
3.65
12.4412.44
424.2062.20
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.61
Percentage difference between market reference rate 92.81 and exchange rate charged 92.24
0.61
13.3713.37
455.9266.85
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
16.35
Percentage difference between market reference rate 92.58 and exchange rate charged 77.45
16.35
16.3516.35
557.5481.75
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
16.36
Percentage difference between market reference rate 92.60 and exchange rate charged 77.45
16.36
16.3616.36
557.8881.80
Total Average Fourth Quarter 2024
8.718.71
Total Average Third Quarter 2024
9.289.28
Total Average
Fee
144.3421.16
Exchange Rate Margin (%)
4.484.48
Total Cost Percent (%)
8.718.71
Total Cost (ZAR) Total Cost (USD)
297.0843.56
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash