Remittance Prices Worldwide

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Sending money from KUWAIT to INDIA

Data collected on: Feb 04, 2020
KWD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.08
0.18
Percentage difference between market reference rate 233.62 and exchange rate charged 233.20
0.18
1.721.72
1.123.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.08
0.32
Percentage difference between market reference rate 233.62 and exchange rate charged 232.87
0.32
1.861.86
1.213.72
Al Muzaini Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
0.752.31
0.56
Percentage difference between market reference rate 233.62 and exchange rate charged 232.30
0.56
1.721.72
1.123.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.501.54
0.64
Percentage difference between market reference rate 233.62 and exchange rate charged 232.13
0.64
1.411.41
0.922.83
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.501.54
0.64
Percentage difference between market reference rate 233.62 and exchange rate charged 232.13
0.64
1.411.41
0.922.83
Lulu Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
1.003.08
0.67
Percentage difference between market reference rate 233.62 and exchange rate charged 232.06
0.67
2.212.21
1.444.43
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.08
0.72
Percentage difference between market reference rate 233.62 and exchange rate charged 231.95
0.72
2.252.25
1.464.49
Kuwait India International Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1.755.38
0.74
Percentage difference between market reference rate 233.62 and exchange rate charged 231.90
0.74
3.433.43
2.236.86
Aman Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Low
0.752.31
0.87
Percentage difference between market reference rate 233.62 and exchange rate charged 231.60
0.87
2.022.02
1.314.03
Al Mulla Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
1.003.08
1.02
Percentage difference between market reference rate 233.62 and exchange rate charged 231.23
1.02
2.562.56
1.665.11
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.952.92
1.06
Percentage difference between market reference rate 233.62 and exchange rate charged 231.16
1.06
2.522.52
1.645.05
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.952.92
1.06
Percentage difference between market reference rate 233.62 and exchange rate charged 231.16
1.06
2.522.52
1.645.05
UAE Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1.003.08
1.11
Percentage difference between market reference rate 233.62 and exchange rate charged 231.03
1.11
2.652.65
1.725.29
Total Average First Quarter
2.182.18
Total Average Fourth Quarter 2019
2.472.47
Total Average
Fee
0.932.88
Exchange Rate Margin (%)
0.740.74
Total Cost Percent (%)
2.182.18
Total Cost (KWD) Total Cost (USD)
1.414.35
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
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.501.67
0.64
Percentage difference between market reference rate 233.62 and exchange rate charged 232.13
0.64
0.970.97
1.464.87
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.501.67
0.64
Percentage difference between market reference rate 233.62 and exchange rate charged 232.13
0.64
0.970.97
1.464.87
Al Muzaini Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
0.752.50
0.56
Percentage difference between market reference rate 233.62 and exchange rate charged 232.30
0.56
1.061.06
1.595.30
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.33
0.18
Percentage difference between market reference rate 233.62 and exchange rate charged 233.20
0.18
0.850.85
1.284.27
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.33
0.32
Percentage difference between market reference rate 233.62 and exchange rate charged 232.87
0.32
0.990.99
1.494.97
Aman Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Low
0.752.50
0.87
Percentage difference between market reference rate 233.62 and exchange rate charged 231.60
0.87
1.371.37
2.066.87
Lulu Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
1.003.33
0.67
Percentage difference between market reference rate 233.62 and exchange rate charged 232.06
0.67
1.331.33
2.006.67
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.003.33
0.72
Percentage difference between market reference rate 233.62 and exchange rate charged 231.95
0.72
1.381.38
2.076.90
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.953.17
1.06
Percentage difference between market reference rate 233.62 and exchange rate charged 231.16
1.06
1.691.69
2.548.47
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.953.17
1.06
Percentage difference between market reference rate 233.62 and exchange rate charged 231.16
1.06
1.691.69
2.548.47
Al Mulla Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
1.003.33
1.02
Percentage difference between market reference rate 233.62 and exchange rate charged 231.23
1.02
1.691.69
2.548.47
UAE Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1.003.33
1.11
Percentage difference between market reference rate 233.62 and exchange rate charged 231.03
1.11
1.781.78
2.678.90
Kuwait India International Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1.755.83
0.74
Percentage difference between market reference rate 233.62 and exchange rate charged 231.90
0.74
1.911.91
2.879.57
Total Average First Quarter
1.361.36
Total Average Fourth Quarter 2019
1.571.57
Total Average
Fee
0.933.12
Exchange Rate Margin (%)
0.740.74
Total Cost Percent (%)
1.361.36
Total Cost (KWD) Total Cost (USD)
2.046.81
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day
Bank account Cash