Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to NIGERIA

Data collected on: Feb 15, 2018
CAD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
6.246.24
1.64
1.64
4.764.76
9.529.52
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.33
3.33
5.835.83
11.6611.66
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.33
3.33
5.835.83
11.6611.66
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
3.33
3.33
5.835.83
11.6611.66
Small World
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.008.00
2.07
2.07
6.076.07
12.1412.14
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.997.99
2.17
2.17
6.176.17
12.3412.34
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.009.00
3.04
3.04
7.547.54
15.0815.08
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.0015.00
1.36
1.36
8.868.86
17.7217.72
Total Average First Quarter
6.366.36
Total Average Fourth Quarter 2017
5.435.43
Total Average
Fee
7.657.65
Exchange Rate Margin (%)
2.532.53
Total Cost Percent (%)
6.366.36
Total Cost (CAD) Total Cost (USD)
12.7212.72
Non-Transparent records
Bank account transfer Debit/credit 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
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
11.1211.12
1.64
1.64
3.863.86
19.3019.30
Small World
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
11.0011.00
2.07
2.07
4.274.27
21.3521.35
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.33
3.33
4.334.33
21.6521.65
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.33
3.33
4.334.33
21.6521.65
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
3.33
3.33
4.334.33
21.6521.65
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
12.9912.99
2.17
2.17
4.774.77
23.8523.85
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.0020.00
1.36
1.36
5.365.36
26.8026.80
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.0012.00
3.04
3.04
5.445.44
27.2027.20
Total Average First Quarter
4.594.59
Total Average Fourth Quarter 2017
3.613.61
Total Average
Fee
10.2610.26
Exchange Rate Margin (%)
2.532.53
Total Cost Percent (%)
4.594.59
Total Cost (CAD) Total Cost (USD)
22.9322.93
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash