Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From CMCameroon you can also send money to

Sending money from CAMEROON to NIGERIA

Data collected on: Mar 23, 2021
CFA | USD
Payment instrument
Access point
Sending network coverage
Transfer speedsort descending
<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 (CFA)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3,327.007.15
3.88
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
3.88
7.467.46
6,937.8014.92
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
13,700.0029.46
2.05
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
2.05
16.7816.78
15,605.4033.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
11,000.0023.66
0.72
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
0.72
12.5512.55
11,671.5025.10
Total Average First Quarter
12.2612.26
Total Average Fourth Quarter 2020
16.0816.08
Total Average
Fee
9,342.3320.09
Exchange Rate Margin (%)
2.222.22
Total Cost Percent (%)
12.2612.26
Total Cost (CFA) Total Cost (USD)
11,404.9024.53
Non-Transparent records
Cash
Less than one hour Next day
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
22,300.0048.48
2.05
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
2.05
11.7411.74
27,002.0058.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
17,500.0038.04
0.72
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
0.72
8.338.33
19,159.0041.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8,228.0017.89
3.88
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
3.88
7.467.46
17,158.0037.30
Total Average First Quarter
9.189.18
Total Average Fourth Quarter 2020
11.4511.45
Total Average
Fee
16,009.3334.80
Exchange Rate Margin (%)
2.222.22
Total Cost Percent (%)
9.189.18
Total Cost (CFA) Total Cost (USD)
21,106.3345.88
Non-Transparent records
Cash
Less than one hour Next day
Bank account Cash
Least Costly Corridors From Cameroon