Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from PORTUGAL to CABO VERDE

Data collected on: Oct 29, 2020
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (EUR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
0.00
Percentage difference between market reference rate 110.27 and exchange rate charged 110.27
0.00
2.142.14
3.004.29
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
4.907.00
0.00
Percentage difference between market reference rate 110.27 and exchange rate charged 110.27
0.00
3.503.50
4.907.00
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
Low
5.007.14
1.30
Percentage difference between market reference rate 110.27 and exchange rate charged 108.84
1.30
4.874.87
6.829.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.5010.71
0.01
Percentage difference between market reference rate 110.27 and exchange rate charged 110.26
0.01
5.365.36
7.5010.71
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.9014.14
0.01
Percentage difference between market reference rate 110.27 and exchange rate charged 110.26
0.01
7.087.08
9.9114.16
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
11.9917.13
0.93
Percentage difference between market reference rate 1.17 and exchange rate charged 1.16
0.93
9.509.50
13.3019.00
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Low
20.0028.57
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
14.2914.29
20.0128.59
Total Average Fourth Quarter 2020
6.686.68
Total Average Third Quarter 2020
7.397.39
Total Average
Fee
8.9012.71
Exchange Rate Margin (%)
0.320.32
Total Cost Percent (%)
6.686.68
Total Cost (EUR) Total Cost (USD)
9.3513.36
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
0.00
Percentage difference between market reference rate 110.27 and exchange rate charged 110.27
0.00
0.870.87
3.004.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
4.907.10
0.00
Percentage difference between market reference rate 110.27 and exchange rate charged 110.27
0.00
1.421.42
4.907.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.9014.35
0.01
Percentage difference between market reference rate 110.27 and exchange rate charged 110.26
0.01
2.882.88
9.9414.41
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
Low
6.9010.00
1.30
Percentage difference between market reference rate 110.27 and exchange rate charged 108.83
1.30
3.303.30
11.3916.51
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.9021.59
0.01
Percentage difference between market reference rate 110.27 and exchange rate charged 110.26
0.01
4.324.32
14.9021.59
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
11.9917.38
0.93
Percentage difference between market reference rate 1.17 and exchange rate charged 1.16
0.93
4.414.41
15.2122.04
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Low
20.0028.99
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
5.805.80
20.0129.00
Total Average Fourth Quarter 2020
3.293.29
Total Average Third Quarter 2020
3.913.91
Total Average
Fee
10.2314.82
Exchange Rate Margin (%)
0.320.32
Total Cost Percent (%)
3.293.29
Total Cost (EUR) Total Cost (USD)
11.3416.43
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days
Bank account Cash
Least Costly Corridors To Cabo Verde
Least Costly Corridors From Portugal