Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KWKuwait you can also send money to

Sending money from KUWAIT to BANGLADESH

Data collected on: Oct 28, 2020
KWD | 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 (KWD)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.
Al Mulla Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
0.501.54
0.79
Percentage difference between market reference rate 277.23 and exchange rate charged 275.04
0.79
1.561.56
1.013.11
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.08
0.05
Percentage difference between market reference rate 277.23 and exchange rate charged 277.10
0.05
1.581.58
1.033.17
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.08
0.75
Percentage difference between market reference rate 277.23 and exchange rate charged 275.16
0.75
2.282.28
1.484.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.003.08
1.15
Percentage difference between market reference rate 277.23 and exchange rate charged 274.04
1.15
2.692.69
1.755.38
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
0.952.92
1.41
Percentage difference between market reference rate 277.23 and exchange rate charged 273.33
1.41
2.872.87
1.875.75
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.952.92
1.41
Percentage difference between market reference rate 277.23 and exchange rate charged 273.33
1.41
2.872.87
1.875.75
Aman Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
0.852.62
2.01
Percentage difference between market reference rate 277.23 and exchange rate charged 271.65
2.01
3.323.32
2.166.65
Al Muzaini Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.08
1.89
Percentage difference between market reference rate 277.23 and exchange rate charged 272.00
1.89
3.433.43
2.236.86
Lulu Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
1.003.08
1.89
Percentage difference between market reference rate 277.23 and exchange rate charged 272.00
1.89
3.433.43
2.236.86
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.006.15
1.39
Percentage difference between market reference rate 277.23 and exchange rate charged 273.36
1.39
4.474.47
2.918.95
Total Average Fourth Quarter 2020
2.852.85
Total Average Third Quarter 2020
3.103.10
Total Average
Fee
1.033.15
Exchange Rate Margin (%)
1.271.27
Total Cost Percent (%)
2.852.85
Total Cost (KWD) Total Cost (USD)
1.855.70
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.33
0.05
Percentage difference between market reference rate 277.23 and exchange rate charged 277.10
0.05
0.710.71
1.073.57
Al Mulla Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
0.501.67
0.79
Percentage difference between market reference rate 277.23 and exchange rate charged 275.04
0.79
1.121.12
1.685.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.33
0.75
Percentage difference between market reference rate 277.23 and exchange rate charged 275.16
0.75
1.411.41
2.127.07
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.003.33
1.15
Percentage difference between market reference rate 277.23 and exchange rate charged 274.04
1.15
1.821.82
2.739.10
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
0.953.17
1.41
Percentage difference between market reference rate 277.23 and exchange rate charged 273.33
1.41
2.042.04
3.0610.20
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.953.17
1.41
Percentage difference between market reference rate 277.23 and exchange rate charged 273.33
1.41
2.042.04
3.0610.20
Lulu Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
1.003.33
1.89
Percentage difference between market reference rate 277.23 and exchange rate charged 272.00
1.89
2.552.55
3.8312.77
Al Muzaini Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.33
1.89
Percentage difference between market reference rate 277.23 and exchange rate charged 272.00
1.89
2.552.55
3.8312.77
Aman Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
0.852.83
2.01
Percentage difference between market reference rate 277.23 and exchange rate charged 271.65
2.01
2.582.58
3.8712.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.006.67
1.39
Percentage difference between market reference rate 277.23 and exchange rate charged 273.36
1.39
2.732.73
4.1013.67
Total Average Fourth Quarter 2020
1.961.96
Total Average Third Quarter 2020
2.212.21
Total Average
Fee
1.033.42
Exchange Rate Margin (%)
1.271.27
Total Cost Percent (%)
1.961.96
Total Cost (KWD) Total Cost (USD)
2.949.78
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day
Bank account Cash