Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from NETHERLANDS to SOMALIA

Data collected on: May 09, 2019
EUR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Transfer Galaxy
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.701.00
5.52
Percentage difference between market reference rate 1.12 and exchange rate charged 1.06
5.52
6.026.02
8.4312.04
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.0010.00
3.93
Percentage difference between market reference rate 1.12 and exchange rate charged 1.08
3.93
8.938.93
12.5017.86
Pay iZi!
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0011.43
5.77
Percentage difference between market reference rate 1.12 and exchange rate charged 1.06
5.77
11.4811.48
16.0722.96
Total Average Second Quarter
8.818.81
Total Average First Quarter
6.866.86
Total Average
Fee
5.237.48
Exchange Rate Margin (%)
5.075.07
Total Cost Percent (%)
8.818.81
Total Cost (EUR) Total Cost (USD)
12.3317.62
Non-Transparent records
Bank account transfer Debit/credit card
Less than one hour Same day
Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Transfer Galaxy
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.722.49
5.52
Percentage difference between market reference rate 1.12 and exchange rate charged 1.06
5.52
6.026.02
20.7730.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
17.2424.99
3.93
Percentage difference between market reference rate 1.12 and exchange rate charged 1.08
3.93
8.938.93
30.8144.65
Pay iZi!
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
20.0028.99
5.77
Percentage difference between market reference rate 1.12 and exchange rate charged 1.06
5.77
11.5611.56
39.8857.80
Total Average Second Quarter
8.848.84
Total Average First Quarter
6.866.86
Total Average
Fee
12.9918.82
Exchange Rate Margin (%)
5.075.07
Total Cost Percent (%)
8.848.84
Total Cost (EUR) Total Cost (USD)
30.4944.18
Non-Transparent records
Bank account transfer Debit/credit card
Less than one hour Same day
Cash Mobile wallet