Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to RWANDA

Data collected on: May 12, 2020
CAD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.0010.00
1.36
Percentage difference between market reference rate 668.94 and exchange rate charged 659.84
1.36
6.366.36
12.7212.72
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
6.27
Percentage difference between market reference rate 668.94 and exchange rate charged 627.02
6.27
8.778.77
17.5417.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
9.009.00
5.28
Percentage difference between market reference rate 668.94 and exchange rate charged 633.63
5.28
9.789.78
19.5619.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
20.0020.00
5.28
Percentage difference between market reference rate 668.94 and exchange rate charged 633.63
5.28
15.2815.28
30.5630.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
5.28
Percentage difference between market reference rate 668.94 and exchange rate charged 633.63
5.28
8.788.78
17.5617.56
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.999.99
3.23
Percentage difference between market reference rate 668.94 and exchange rate charged 647.35
3.23
8.228.22
16.4416.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
16.0016.00
3.45
Percentage difference between market reference rate 668.94 and exchange rate charged 645.84
3.45
11.4511.45
22.9022.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Low
Receiving method
Agent
High
4.994.99
3.45
Percentage difference between market reference rate 668.94 and exchange rate charged 645.84
3.45
5.955.95
11.9011.90
Total Average Second Quarter
9.329.32
Total Average First Quarter
8.878.87
Total Average
Fee
10.2510.25
Exchange Rate Margin (%)
4.204.20
Total Cost Percent (%)
9.329.32
Total Cost (CAD) Total Cost (USD)
18.6518.65
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour
Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
15.0015.00
1.36
Percentage difference between market reference rate 668.94 and exchange rate charged 659.84
1.36
4.364.36
21.8021.80
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
6.27
Percentage difference between market reference rate 668.94 and exchange rate charged 627.02
6.27
7.277.27
36.3536.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
9.009.00
5.28
Percentage difference between market reference rate 668.94 and exchange rate charged 633.63
5.28
7.087.08
35.4035.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
30.0030.00
5.28
Percentage difference between market reference rate 668.94 and exchange rate charged 633.63
5.28
11.2811.28
56.4056.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
5.28
Percentage difference between market reference rate 668.94 and exchange rate charged 633.63
5.28
6.686.68
33.4033.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
3.23
Percentage difference between market reference rate 668.94 and exchange rate charged 647.35
3.23
5.635.63
28.1528.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.0021.00
3.45
Percentage difference between market reference rate 668.94 and exchange rate charged 645.84
3.45
7.657.65
38.2538.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Low
Receiving method
Agent
High
4.994.99
3.45
Percentage difference between market reference rate 668.94 and exchange rate charged 645.84
3.45
4.454.45
22.2522.25
Total Average Second Quarter
6.806.80
Total Average First Quarter
5.975.97
Total Average
Fee
13.0013.00
Exchange Rate Margin (%)
4.204.20
Total Cost Percent (%)
6.806.80
Total Cost (CAD) Total Cost (USD)
34.0034.00
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour
Cash Mobile wallet