Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to

Sending money from SAUDI ARABIA to MYANMAR

Data collected on: Nov 17, 2021-Nov 29, 2021
SAR | 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 (SAR)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.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.005.33
3.09
Percentage difference between market reference rate 471.77 and exchange rate charged 457.21
3.09
5.755.75
43.1311.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
75.0020.00
1.20
Percentage difference between market reference rate 477.36 and exchange rate charged 471.63
1.20
11.2011.20
84.0022.40
Total Average Fourth Quarter 2021
8.488.48
Total Average Third Quarter 2021
7.807.80
Total Average
Fee
47.5012.67
Exchange Rate Margin (%)
2.152.15
Total Cost Percent (%)
8.488.48
Total Cost (SAR) Total Cost (USD)
63.5716.95
Non-Transparent records
Cash
Less than one hour
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.005.35
3.09
Percentage difference between market reference rate 471.77 and exchange rate charged 457.21
3.09
4.164.16
77.7920.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
135.0036.10
1.20
Percentage difference between market reference rate 477.36 and exchange rate charged 471.63
1.20
8.428.42
157.4542.10
Total Average Fourth Quarter 2021
6.296.29
Total Average Third Quarter 2021
3.443.44
Total Average
Fee
77.5020.72
Exchange Rate Margin (%)
2.152.15
Total Cost Percent (%)
6.296.29
Total Cost (SAR) Total Cost (USD)
117.6231.45
Non-Transparent records
Cash
Less than one hour
Cash