Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from ITALY to CHINA

Data collected on: Mar 26, 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 (%)sort descending
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.492.13
-0.10
Percentage difference between market reference rate 7.71 and exchange rate charged 7.72
-0.10
0.970.97
1.361.94
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.184.54
-0.03
Percentage difference between market reference rate 7.71 and exchange rate charged 7.72
-0.03
2.242.24
3.144.49
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0017.14
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
8.578.57
12.0017.14
Rewire
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.402.00
0.55
Percentage difference between market reference rate 7.71 and exchange rate charged 7.67
0.55
1.551.55
2.173.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0014.29
1.16
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.16
8.318.31
11.6316.61
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.16
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.16
1.161.16
1.622.31
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
10.0014.29
1.16
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.16
8.318.31
11.6316.61
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
High
4.005.71
1.47
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.47
4.334.33
6.068.66
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
High
5.007.14
1.47
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.47
5.045.04
7.0610.09
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.0030.00
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
18.4518.45
25.8336.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.905.57
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
6.236.23
8.7212.46
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.14
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
5.525.52
7.7311.04
Poste Italiane via Western Union
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.902.71
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
4.804.80
6.729.60
Total Average First Quarter
5.815.81
Total Average Fourth Quarter 2020
6.926.92
Total Average
Fee
5.918.44
Exchange Rate Margin (%)
1.591.59
Total Cost Percent (%)
5.815.81
Total Cost (EUR) Total Cost (USD)
8.1311.61
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.492.16
-0.10
Percentage difference between market reference rate 7.71 and exchange rate charged 7.72
-0.10
0.330.33
1.141.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.16
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.16
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
0.55
Percentage difference between market reference rate 7.71 and exchange rate charged 7.67
0.55
1.551.55
5.357.75
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.309.13
-0.03
Percentage difference between market reference rate 7.71 and exchange rate charged 7.72
-0.03
1.791.79
6.188.96
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
High
4.005.80
1.47
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.47
2.632.63
9.0713.14
Poste Italiane via Western Union
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.20
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
4.294.29
14.8021.45
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
High
5.007.25
1.47
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.47
2.922.92
10.0714.59
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.65
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
4.584.58
15.8022.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.905.65
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
4.584.58
15.8022.90
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
15.0021.74
1.16
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.16
5.515.51
19.0127.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0021.74
1.16
Percentage difference between market reference rate 1.18 and exchange rate charged 1.16
1.16
5.515.51
19.0127.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0017.39
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.483.48
12.0117.41
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
21.0030.43
3.45
Percentage difference between market reference rate 1.18 and exchange rate charged 1.14
3.45
9.539.53
32.8847.65
Total Average First Quarter
3.683.68
Total Average Fourth Quarter 2020
4.624.62
Total Average
Fee
7.2310.47
Exchange Rate Margin (%)
1.591.59
Total Cost Percent (%)
3.683.68
Total Cost (EUR) Total Cost (USD)
12.7018.41
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet