Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to CHINA

Data collected on: Oct 29, 2019
ZAR | 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
High
197.1928.79
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.90
18.2918.29
250.5736.58
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
211.8130.92
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.65
19.1119.11
261.8138.22
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
290.2442.37
2.92
Percentage difference between market reference rate 0.48 and exchange rate charged 0.47
2.92
24.1024.10
330.1748.20
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
350.0051.09
4.59
Percentage difference between market reference rate 0.48 and exchange rate charged 0.46
4.59
30.1330.13
412.7860.26
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
307.9644.96
11.17
Percentage difference between market reference rate 0.48 and exchange rate charged 0.43
11.17
33.6533.65
461.0167.30
Total Average Fourth Quarter 2019
25.0625.06
Total Average Third Quarter 2019
24.8624.86
Total Average
Fee
271.4439.63
Exchange Rate Margin (%)
5.255.25
Total Cost Percent (%)
25.0625.06
Total Cost (ZAR) Total Cost (USD)
343.2750.11
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet
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
High
364.0453.38
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.90
14.5814.58
497.1872.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
378.2355.46
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.65
14.7414.74
502.6373.70
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
290.2442.56
2.92
Percentage difference between market reference rate 0.48 and exchange rate charged 0.47
2.92
11.4311.43
389.7657.15
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
350.0051.32
4.59
Percentage difference between market reference rate 0.48 and exchange rate charged 0.46
4.59
14.8514.85
506.3974.25
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
307.9645.16
11.17
Percentage difference between market reference rate 0.48 and exchange rate charged 0.43
11.17
20.2020.20
688.82101.00
Total Average Fourth Quarter 2019
15.1615.16
Total Average Third Quarter 2019
14.9514.95
Total Average
Fee
338.0949.57
Exchange Rate Margin (%)
5.255.25
Total Cost Percent (%)
15.1615.16
Total Cost (ZAR) Total Cost (USD)
516.9675.80
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet