Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from CANADA to SRI LANKA

Data collected on: Nov 01, 2020
CAD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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 (CAD)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.404.40
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 138.32 and exchange rate charged 138.000.23
Total cost (%)
2.432.43
Total cost (CAD)sort descendingTotal cost (USD)sort descending
4.864.86
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 138.32 and exchange rate charged 138.140.13
Total cost (%)
2.632.63
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.265.26
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 138.32 and exchange rate charged 138.140.13
Total cost (%)
2.632.63
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.265.26
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.16
Percentage difference between market reference rate 138.32 and exchange rate charged 138.110.16
Total cost (%)
2.652.65
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.305.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.39
Percentage difference between market reference rate 138.32 and exchange rate charged 137.780.39
Total cost (%)
3.893.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
7.787.78
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.39
Percentage difference between market reference rate 138.32 and exchange rate charged 137.780.39
Total cost (%)
3.893.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
7.787.78
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 138.32 and exchange rate charged 134.892.48
Total cost (%)
5.985.98
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.9611.96
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 138.32 and exchange rate charged 134.892.48
Total cost (%)
5.985.98
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.9611.96
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 138.32 and exchange rate charged 135.362.15
Total cost (%)
6.156.15
Total cost (CAD)sort descendingTotal cost (USD)sort descending
12.3012.30
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 138.32 and exchange rate charged 135.362.15
Total cost (%)
7.157.15
Total cost (CAD)sort descendingTotal cost (USD)sort descending
14.3014.30
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
3.85
Percentage difference between market reference rate 138.32 and exchange rate charged 133.003.85
Total cost (%)
8.858.85
Total cost (CAD)sort descendingTotal cost (USD)sort descending
17.7017.70
Total Average Fourth Quarter 2020
4.754.75
Total Average Third Quarter 2020
5.275.27
Total Average
Fee
6.856.85
Exchange Rate Margin (%)
1.321.32
Total Cost Percent (%)
4.754.75
Total Cost (CAD) Total Cost (USD)
9.509.50
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (CAD)sort descendingTotal cost (USD)sort descending
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 138.32 and exchange rate charged 138.140.13
Total cost (%)
1.131.13
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.655.65
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.995.99
Exchange rate margin (%)
0.16
Percentage difference between market reference rate 138.32 and exchange rate charged 138.110.16
Total cost (%)
1.351.35
Total cost (CAD)sort descendingTotal cost (USD)sort descending
6.756.75
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.747.74
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 138.32 and exchange rate charged 138.000.23
Total cost (%)
1.781.78
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.908.90
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.39
Percentage difference between market reference rate 138.32 and exchange rate charged 137.780.39
Total cost (%)
1.791.79
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.958.95
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.9910.99
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 138.32 and exchange rate charged 138.140.13
Total cost (%)
2.332.33
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.6511.65
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 138.32 and exchange rate charged 135.362.15
Total cost (%)
3.143.14
Total cost (CAD)sort descendingTotal cost (USD)sort descending
15.7015.70
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.0015.00
Exchange rate margin (%)
0.39
Percentage difference between market reference rate 138.32 and exchange rate charged 137.780.39
Total cost (%)
3.393.39
Total cost (CAD)sort descendingTotal cost (USD)sort descending
16.9516.95
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 138.32 and exchange rate charged 135.362.15
Total cost (%)
4.154.15
Total cost (CAD)sort descendingTotal cost (USD)sort descending
20.7520.75
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 138.32 and exchange rate charged 134.892.48
Total cost (%)
4.484.48
Total cost (CAD)sort descendingTotal cost (USD)sort descending
22.4022.40
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 138.32 and exchange rate charged 134.892.48
Total cost (%)
4.484.48
Total cost (CAD)sort descendingTotal cost (USD)sort descending
22.4022.40
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
3.85
Percentage difference between market reference rate 138.32 and exchange rate charged 133.003.85
Total cost (%)
5.855.85
Total cost (CAD)sort descendingTotal cost (USD)sort descending
29.2529.25
Total Average Fourth Quarter 2020
3.083.08
Total Average Third Quarter 2020
3.333.33
Total Average
Fee
8.798.79
Exchange Rate Margin (%)
1.321.32
Total Cost Percent (%)
3.083.08
Total Cost (CAD) Total Cost (USD)
15.4015.40
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet
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