Remittance Prices Worldwide

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Sending money from NIGERIA to MALI

Data collected on: May 10, 2019
NGN | USD
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
3,800.0019.00
-1.42
Percentage difference between market reference rate 1.62 and exchange rate charged 1.65
-1.42
8.088.08
3,232.0016.16
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5,775.0028.88
1.38
Percentage difference between market reference rate 1.62 and exchange rate charged 1.60
1.38
15.8115.81
6,324.0031.62
Total Average Second Quarter
11.9511.95
Total Average First Quarter
11.8411.84
Total Average
Fee
4,787.5023.94
Exchange Rate Margin (%)
-0.02-0.02
Total Cost Percent (%)
11.9511.95
Total Cost (NGN) Total Cost (USD)
4,778.0023.89
Non-Transparent records
Cash
Less than one hour
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
6,800.0034.00
-1.42
Percentage difference between market reference rate 1.62 and exchange rate charged 1.65
-1.42
5.385.38
5,380.0026.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5,775.0028.88
1.38
Percentage difference between market reference rate 1.62 and exchange rate charged 1.60
1.38
7.157.15
7,150.0035.75
Total Average Second Quarter
6.276.27
Total Average First Quarter
6.166.16
Total Average
Fee
6,287.5031.44
Exchange Rate Margin (%)
-0.02-0.02
Total Cost Percent (%)
6.276.27
Total Cost (NGN) Total Cost (USD)
6,265.0031.33
Non-Transparent records
Cash
Less than one hour
Cash
Least Costly Corridors From Nigeria