Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from BELGIUM to TURKEY

Data collected on: Sep 12, 2019
EUR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.904.14
1.53
Percentage difference between market reference rate 6.27 and exchange rate charged 6.17
1.53
3.603.60
5.047.20
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
1.57
Percentage difference between market reference rate 6.27 and exchange rate charged 6.17
1.57
3.703.70
5.187.40
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
1.88
Percentage difference between market reference rate 6.27 and exchange rate charged 6.15
1.88
4.024.02
5.638.04
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.998.56
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.284.28
5.998.56
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.998.56
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.284.28
5.998.56
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
5.80
Percentage difference between market reference rate 6.27 and exchange rate charged 5.90
5.80
5.805.80
8.1211.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.992.84
4.66
Percentage difference between market reference rate 6.27 and exchange rate charged 5.98
4.66
6.086.08
8.5112.16
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
7.53
Percentage difference between market reference rate 6.27 and exchange rate charged 5.80
7.53
7.537.53
10.5415.06
Transfer Galaxy
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
4.005.71
4.88
Percentage difference between market reference rate 1.11 and exchange rate charged 1.05
4.88
7.747.74
10.8415.49
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0017.14
0.24
Percentage difference between market reference rate 6.27 and exchange rate charged 6.25
0.24
8.818.81
12.3317.61
La Poste via Western Union
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.9015.57
1.81
Percentage difference between market reference rate 6.27 and exchange rate charged 6.15
1.81
9.609.60
13.4419.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
10.9015.57
1.81
Percentage difference between market reference rate 6.27 and exchange rate charged 6.15
1.81
9.609.60
13.4419.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.5010.71
4.66
Percentage difference between market reference rate 6.27 and exchange rate charged 5.98
4.66
10.0110.01
14.0120.01
MoneyTrans
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.004.29
8.26
Percentage difference between market reference rate 6.27 and exchange rate charged 5.75
8.26
10.4110.41
14.5720.81
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
5.007.14
7.25
Percentage difference between market reference rate 6.27 and exchange rate charged 5.81
7.25
10.8210.82
15.1521.64
MoneyTrans
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.007.14
7.79
Percentage difference between market reference rate 6.27 and exchange rate charged 5.78
7.79
11.3611.36
15.9022.71
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.9014.14
7.64
Percentage difference between market reference rate 6.27 and exchange rate charged 5.79
7.64
14.7214.72
20.6129.44
Total Average Third Quarter
7.797.79
Total Average Second Quarter
6.526.52
Total Average
Fee
5.367.65
Exchange Rate Margin (%)
3.963.96
Total Cost Percent (%)
7.797.79
Total Cost (EUR) Total Cost (USD)
10.9015.57
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.904.20
1.53
Percentage difference between market reference rate 6.27 and exchange rate charged 6.17
1.53
2.372.37
8.1811.86
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
1.57
Percentage difference between market reference rate 6.27 and exchange rate charged 6.17
1.57
2.432.43
8.3812.14
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
1.88
Percentage difference between market reference rate 6.27 and exchange rate charged 6.15
1.88
2.752.75
9.4913.75
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.9911.58
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.322.32
8.0011.59
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.9918.83
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.773.77
13.0118.86
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
5.80
Percentage difference between market reference rate 6.27 and exchange rate charged 5.90
5.80
5.805.80
20.0129.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.992.88
4.66
Percentage difference between market reference rate 6.27 and exchange rate charged 5.98
4.66
5.245.24
18.0826.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
7.53
Percentage difference between market reference rate 6.27 and exchange rate charged 5.80
7.53
7.537.53
25.9837.65
Transfer Galaxy
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
4.005.80
4.88
Percentage difference between market reference rate 1.11 and exchange rate charged 1.05
4.88
6.046.04
20.8430.20
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
18.0026.09
0.24
Percentage difference between market reference rate 6.27 and exchange rate charged 6.25
0.24
5.465.46
18.8427.30
La Poste via Western Union
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.0020.29
1.81
Percentage difference between market reference rate 6.27 and exchange rate charged 6.15
1.81
5.875.87
20.2529.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
14.0020.29
1.81
Percentage difference between market reference rate 6.27 and exchange rate charged 6.15
1.81
5.875.87
20.2529.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0014.49
4.66
Percentage difference between market reference rate 6.27 and exchange rate charged 5.98
4.66
7.567.56
26.0837.80
MoneyTrans
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.004.35
8.26
Percentage difference between market reference rate 6.27 and exchange rate charged 5.75
8.26
9.139.13
31.5045.65
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
10.0014.49
7.25
Percentage difference between market reference rate 6.27 and exchange rate charged 5.81
7.25
10.1510.15
35.0250.75
MoneyTrans
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.007.25
7.79
Percentage difference between market reference rate 6.27 and exchange rate charged 5.78
7.79
9.249.24
31.8846.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.9018.70
7.64
Percentage difference between market reference rate 6.27 and exchange rate charged 5.79
7.64
11.3811.38
39.2656.90
Total Average Third Quarter
6.056.05
Total Average Second Quarter
4.934.93
Total Average
Fee
7.2210.46
Exchange Rate Margin (%)
3.963.96
Total Cost Percent (%)
6.056.05
Total Cost (EUR) Total Cost (USD)
20.8930.27
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days
Bank account Cash