Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to NIGERIA

Data collected on: Nov 02, 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
1.991.99
4.53
4.53
5.535.53
11.0611.06
Small World
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.008.00
2.36
2.36
6.366.36
12.7212.72
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.89
4.89
7.397.39
14.7814.78
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.89
4.89
7.397.39
14.7814.78
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
4.89
4.89
7.397.39
14.7814.78
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.997.99
4.89
4.89
8.898.89
17.7817.78
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.009.00
5.26
5.26
9.769.76
19.5219.52
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
12.0012.00
7.06
7.06
13.0613.06
26.1226.12
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.0015.00
5.98
5.98
13.4813.48
26.9626.96
Total Average Fourth Quarter 2018
8.818.81
Total Average Third Quarter 2018
5.915.91
Total Average
Fee
7.667.66
Exchange Rate Margin (%)
4.974.97
Total Cost Percent (%)
8.818.81
Total Cost (CAD) Total Cost (USD)
17.6117.61
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Small World
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
11.0011.00
2.36
2.36
4.564.56
22.8022.80
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.933.93
4.53
4.53
5.325.32
26.6026.60
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.89
4.89
5.895.89
29.4529.45
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.89
4.89
5.895.89
29.4529.45
Trans-Fast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
4.89
4.89
5.895.89
29.4529.45
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
12.9912.99
4.89
4.89
7.497.49
37.4537.45
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.0012.00
5.26
5.26
7.667.66
38.3038.30
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.0020.00
5.98
5.98
9.989.98
49.9049.90
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
18.0018.00
7.06
7.06
10.6610.66
53.3053.30
Total Average Fourth Quarter 2018
7.047.04
Total Average Third Quarter 2018
4.254.25
Total Average
Fee
10.3210.32
Exchange Rate Margin (%)
4.974.97
Total Cost Percent (%)
7.047.04
Total Cost (CAD) Total Cost (USD)
35.1935.19
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash