Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from KUWAIT to PHILIPPINES

Data collected on: May 12, 2020
KWD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Al Mulla Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.501.54
2.02
Percentage difference between market reference rate 162.80 and exchange rate charged 159.52
2.02
2.792.79
1.815.57
Aman Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Low
0.852.62
0.67
Percentage difference between market reference rate 162.80 and exchange rate charged 161.71
0.67
1.981.98
1.293.97
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.003.08
0.83
Percentage difference between market reference rate 162.80 and exchange rate charged 161.45
0.83
2.372.37
1.544.74
Al Muzaini Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1.003.08
2.92
Percentage difference between market reference rate 162.80 and exchange rate charged 158.05
2.92
4.464.46
2.908.92
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
1.003.08
-0.14
Percentage difference between market reference rate 162.80 and exchange rate charged 163.03
-0.14
1.401.40
0.912.80
Lulu Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Medium
1.003.08
2.24
Percentage difference between market reference rate 162.80 and exchange rate charged 159.16
2.24
3.783.78
2.467.57
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Low
1.003.08
0.46
Percentage difference between market reference rate 162.80 and exchange rate charged 162.05
0.46
2.002.00
1.304.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.504.62
1.02
Percentage difference between market reference rate 162.80 and exchange rate charged 161.14
1.02
3.333.33
2.166.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.006.15
-1.51
Percentage difference between market reference rate 162.80 and exchange rate charged 165.26
-1.51
1.571.57
1.023.14
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
Payment instrument
Access point
Sending network coverage
Receiving method
Bahrain Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
1.003.33
-0.14
Percentage difference between market reference rate 162.80 and exchange rate charged 163.03
-0.14
0.530.53
0.802.67
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.006.67
-1.51
Percentage difference between market reference rate 162.80 and exchange rate charged 165.26
-1.51
-0.18-0.18
-0.27-0.90
Aman Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Low
0.852.83
0.67
Percentage difference between market reference rate 162.80 and exchange rate charged 161.71
0.67
1.241.24
1.866.20
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Low
1.003.33
0.46
Percentage difference between market reference rate 162.80 and exchange rate charged 162.05
0.46
1.131.13
1.705.67
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.003.33
0.83
Percentage difference between market reference rate 162.80 and exchange rate charged 161.45
0.83
1.501.50
2.257.50
Al Mulla Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.501.67
2.02
Percentage difference between market reference rate 162.80 and exchange rate charged 159.52
2.02
2.352.35
3.5311.77
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1.505.00
1.02
Percentage difference between market reference rate 162.80 and exchange rate charged 161.14
1.02
2.022.02
3.0310.10
Lulu Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Medium
1.003.33
2.24
Percentage difference between market reference rate 162.80 and exchange rate charged 159.16
2.24
2.912.91
4.3714.57
Al Muzaini Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
1.003.33
2.92
Percentage difference between market reference rate 162.80 and exchange rate charged 158.05
2.92
3.583.58
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