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Sending money from KUWAIT to PHILIPPINES

Data collected on: May 12, 2020
KWD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (KWD)sort descendingTotal cost (USD)sort descending
Firm
Bahrain Exchange Company
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.003.08
Exchange rate margin (%)
-0.14
Percentage difference between market reference rate 162.80 and exchange rate charged 163.03-0.14
Total cost (%)
1.401.40
Total cost (KWD)sort descendingTotal cost (USD)sort descending
0.912.80
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
2.006.15
Exchange rate margin (%)
-1.51
Percentage difference between market reference rate 162.80 and exchange rate charged 165.26-1.51
Total cost (%)
1.571.57
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.023.14
Firm
Aman Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
0.852.62
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 162.80 and exchange rate charged 161.710.67
Total cost (%)
1.981.98
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.293.97
Firm
PNB (Philippines National Bank)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
1.003.08
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 162.80 and exchange rate charged 162.050.46
Total cost (%)
2.002.00
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.304.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.003.08
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 162.80 and exchange rate charged 161.450.83
Total cost (%)
2.372.37
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.544.74
Firm
Al Mulla Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.501.54
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 162.80 and exchange rate charged 159.522.02
Total cost (%)
2.792.79
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.815.57
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
1.504.62
Exchange rate margin (%)
1.02
Percentage difference between market reference rate 162.80 and exchange rate charged 161.141.02
Total cost (%)
3.333.33
Total cost (KWD)sort descendingTotal cost (USD)sort descending
2.166.65
Firm
Lulu Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.003.08
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 162.80 and exchange rate charged 159.162.24
Total cost (%)
3.783.78
Total cost (KWD)sort descendingTotal cost (USD)sort descending
2.467.57
Firm
Al Muzaini Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.003.08
Exchange rate margin (%)
2.92
Percentage difference between market reference rate 162.80 and exchange rate charged 158.052.92
Total cost (%)
4.464.46
Total cost (KWD)sort descendingTotal cost (USD)sort descending
2.908.92
Total Average Second Quarter
2.632.63
Total Average First Quarter
3.353.35
Total Average
Fee
1.093.37
Exchange Rate Margin (%)
0.950.95
Total Cost Percent (%)
2.632.63
Total Cost (KWD) Total Cost (USD)
1.715.26
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (KWD)sort descendingTotal cost (USD)sort descending
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
2.006.67
Exchange rate margin (%)
-1.51
Percentage difference between market reference rate 162.80 and exchange rate charged 165.26-1.51
Total cost (%)
-0.18-0.18
Total cost (KWD)sort descendingTotal cost (USD)sort descending
-0.27-0.90
Firm
Bahrain Exchange Company
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.003.33
Exchange rate margin (%)
-0.14
Percentage difference between market reference rate 162.80 and exchange rate charged 163.03-0.14
Total cost (%)
0.530.53
Total cost (KWD)sort descendingTotal cost (USD)sort descending
0.802.67
Firm
PNB (Philippines National Bank)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
1.003.33
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 162.80 and exchange rate charged 162.050.46
Total cost (%)
1.131.13
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.705.67
Firm
Aman Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
0.852.83
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 162.80 and exchange rate charged 161.710.67
Total cost (%)
1.241.24
Total cost (KWD)sort descendingTotal cost (USD)sort descending
1.866.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.003.33
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 162.80 and exchange rate charged 161.450.83
Total cost (%)
1.501.50
Total cost (KWD)sort descendingTotal cost (USD)sort descending
2.257.50
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
1.505.00
Exchange rate margin (%)
1.02
Percentage difference between market reference rate 162.80 and exchange rate charged 161.141.02
Total cost (%)
2.022.02
Total cost (KWD)sort descendingTotal cost (USD)sort descending
3.0310.10
Firm
Al Mulla Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.501.67
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 162.80 and exchange rate charged 159.522.02
Total cost (%)
2.352.35
Total cost (KWD)sort descendingTotal cost (USD)sort descending
3.5311.77
Firm
Lulu Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.003.33
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 162.80 and exchange rate charged 159.162.24
Total cost (%)
2.912.91
Total cost (KWD)sort descendingTotal cost (USD)sort descending
4.3714.57
Firm
Al Muzaini Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.003.33
Exchange rate margin (%)
2.92
Percentage difference between market reference rate 162.80 and exchange rate charged 158.052.92
Total cost (%)
3.583.58
Total cost (KWD)sort descendingTotal cost (USD)sort descending
5.3717.90
Total Average Second Quarter
1.681.68
Total Average First Quarter
2.352.35
Total Average
Fee
1.093.65
Exchange Rate Margin (%)
0.950.95
Total Cost Percent (%)
1.681.68
Total Cost (KWD) Total Cost (USD)
2.528.39
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Bank account Cash
Least Costly Corridors To Philippines
Least Costly Corridors From Kuwait
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