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: May 10, 2019
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
139.8520.42
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.99
1.80
12.0112.01
164.5424.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
139.6820.39
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.97
1.92
12.1112.11
165.9124.22
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
290.2442.37
4.77
Percentage difference between market reference rate 2.08 and exchange rate charged 1.98
4.77
25.9525.95
355.5251.90
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
350.0051.09
3.67
Percentage difference between market reference rate 0.48 and exchange rate charged 0.46
3.67
29.2229.22
400.3158.44
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
290.0042.34
10.00
Percentage difference between market reference rate 0.48 and exchange rate charged 0.43
10.00
31.1731.17
427.0362.34
Total Average Second Quarter
22.0922.09
Total Average First Quarter
22.0922.09
Total Average
Fee
241.9535.32
Exchange Rate Margin (%)
4.434.43
Total Cost Percent (%)
22.0922.09
Total Cost (ZAR) Total Cost (USD)
302.6644.18
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
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
223.7632.81
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.99
1.80
8.368.36
285.0841.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
209.5230.72
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.97
1.92
8.068.06
274.8540.30
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
290.2442.56
4.77
Percentage difference between market reference rate 2.08 and exchange rate charged 1.98
4.77
13.2813.28
452.8566.40
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
350.0051.32
3.67
Percentage difference between market reference rate 0.48 and exchange rate charged 0.46
3.67
13.9413.94
475.3569.70
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
290.0042.52
10.00
Percentage difference between market reference rate 0.48 and exchange rate charged 0.43
10.00
18.5018.50
630.8592.50
Total Average Second Quarter
12.4312.43
Total Average First Quarter
12.1912.19
Total Average
Fee
272.7039.99
Exchange Rate Margin (%)
4.434.43
Total Cost Percent (%)
12.4312.43
Total Cost (ZAR) Total Cost (USD)
423.8062.14
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet