Remittance Prices Worldwide

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Sending money from GERMANY to CHINA

Data collected on: Mar 22, 2021
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<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 (EUR)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.
Rewire
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.402.00
0.43
Percentage difference between market reference rate 7.74 and exchange rate charged 7.70
0.43
1.431.43
2.002.86
Postbank
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.502.14
1.13
Percentage difference between market reference rate 7.74 and exchange rate charged 7.65
1.13
2.202.20
3.084.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.852.85
3.995.70
Postbank
Firm type: Post office
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
8.5012.14
1.13
Percentage difference between market reference rate 7.74 and exchange rate charged 7.65
1.13
7.207.20
10.0814.40
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
11.0015.71
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
7.867.86
11.0015.71
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.57
5.57
Percentage difference between market reference rate 7.74 and exchange rate charged 7.31
5.57
8.358.35
11.6916.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
13.5019.29
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
9.649.64
13.5019.29
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9917.13
1.93
Percentage difference between market reference rate 1.19 and exchange rate charged 1.17
1.93
10.5010.50
14.7021.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.909.86
7.76
Percentage difference between market reference rate 7.74 and exchange rate charged 7.14
7.76
12.6912.69
17.7725.39
Commerzbank AG
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
12.5017.86
4.04
Percentage difference between market reference rate 7.74 and exchange rate charged 7.42
4.04
12.9712.97
18.1625.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.9014.14
7.76
Percentage difference between market reference rate 7.74 and exchange rate charged 7.14
7.76
14.8414.84
20.7829.69
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
19.9028.43
7.76
Percentage difference between market reference rate 7.74 and exchange rate charged 7.14
7.76
21.9821.98
30.7743.96
Total Average First Quarter
9.389.38
Total Average Fourth Quarter 2020
9.459.45
Total Average
Fee
8.7512.50
Exchange Rate Margin (%)
3.133.13
Total Cost Percent (%)
9.389.38
Total Cost (EUR) Total Cost (USD)
13.1318.75
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.161.16
4.005.80
Rewire
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.455.00
0.43
Percentage difference between market reference rate 7.74 and exchange rate charged 7.70
0.43
1.431.43
4.937.14
Postbank
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.502.17
1.13
Percentage difference between market reference rate 7.74 and exchange rate charged 7.65
1.13
1.571.57
5.427.86
Postbank
Firm type: Post office
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
8.5012.32
1.13
Percentage difference between market reference rate 7.74 and exchange rate charged 7.65
1.13
3.603.60
12.4218.00
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
17.0024.64
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.934.93
17.0124.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
18.0026.09
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
5.225.22
18.0126.10
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9917.38
1.93
Percentage difference between market reference rate 1.19 and exchange rate charged 1.17
1.93
5.415.41
18.6627.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.65
5.07
Percentage difference between market reference rate 7.74 and exchange rate charged 7.34
5.07
6.206.20
21.3931.00
Commerzbank AG
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
15.0021.74
4.04
Percentage difference between market reference rate 7.74 and exchange rate charged 7.42
4.04
8.398.39
28.9541.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9010.00
7.76
Percentage difference between market reference rate 7.74 and exchange rate charged 7.14
7.76
9.769.76
33.6748.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.9021.59
7.76
Percentage difference between market reference rate 7.74 and exchange rate charged 7.14
7.76
12.0812.08
41.6860.41
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
29.9043.33
7.76
Percentage difference between market reference rate 7.74 and exchange rate charged 7.14
7.76
16.4316.43
56.6882.14
Total Average First Quarter
6.356.35
Total Average Fourth Quarter 2020
6.206.20
Total Average
Fee
11.2516.31
Exchange Rate Margin (%)
3.083.08
Total Cost Percent (%)
6.356.35
Total Cost (EUR) Total Cost (USD)
21.9031.74
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash