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 13, 2020
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
184.6026.95
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
13.8213.82
189.3327.64
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
370.0054.01
5.36
Percentage difference between market reference rate 0.38 and exchange rate charged 0.36
5.36
32.3632.36
443.3364.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
185.2027.04
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
15.8915.89
217.6931.78
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
304.0144.38
4.21
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
4.21
26.4026.40
361.6852.80
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
307.9644.96
13.12
Percentage difference between market reference rate 0.38 and exchange rate charged 0.33
13.12
35.6035.60
487.7271.20
Total Average Second Quarter
24.8124.81
Total Average First Quarter
23.4123.41
Total Average
Fee
270.3539.47
Exchange Rate Margin (%)
5.085.08
Total Cost Percent (%)
24.8124.81
Total Cost (ZAR) Total Cost (USD)
339.9549.63
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
221.5232.48
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
6.856.85
233.5934.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
240.7635.30
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
9.449.44
321.9047.20
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
304.0144.58
4.21
Percentage difference between market reference rate 0.38 and exchange rate charged 0.37
4.21
13.1313.13
447.7365.65
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
370.0054.25
5.36
Percentage difference between market reference rate 0.38 and exchange rate charged 0.36
5.36
16.2116.21
552.7681.05
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
307.9645.16
13.12
Percentage difference between market reference rate 0.38 and exchange rate charged 0.33
13.12
22.1522.15
755.32110.75
Total Average Second Quarter
13.5613.56
Total Average First Quarter
13.0413.04
Total Average
Fee
288.8542.35
Exchange Rate Margin (%)
5.085.08
Total Cost Percent (%)
13.5613.56
Total Cost (ZAR) Total Cost (USD)
462.2667.78
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet