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: Feb 06, 2020
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
304.0144.38
1.89
Percentage difference between market reference rate 0.47 and exchange rate charged 0.46
1.89
24.0824.08
329.9048.16
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
307.9644.96
11.28
Percentage difference between market reference rate 0.47 and exchange rate charged 0.42
11.28
33.7633.76
462.5167.52
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
176.0025.69
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.67
14.5214.52
198.9229.04
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
360.0052.55
4.80
Percentage difference between market reference rate 0.47 and exchange rate charged 0.45
4.80
31.0831.08
425.8062.16
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
170.0024.82
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.22
13.6313.63
186.7327.26
Total Average First Quarter
23.4123.41
Total Average Fourth Quarter 2019
25.0625.06
Total Average
Fee
263.5938.48
Exchange Rate Margin (%)
4.174.17
Total Cost Percent (%)
23.4123.41
Total Cost (ZAR) Total Cost (USD)
320.7746.83
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
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
304.0144.58
1.89
Percentage difference between market reference rate 0.47 and exchange rate charged 0.46
1.89
10.8010.80
368.2854.00
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
307.9645.16
11.28
Percentage difference between market reference rate 0.47 and exchange rate charged 0.42
11.28
20.3120.31
692.57101.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
282.3041.39
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.67
9.959.95
339.3049.75
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
360.0052.79
4.80
Percentage difference between market reference rate 0.47 and exchange rate charged 0.45
4.80
15.3615.36
523.7876.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
257.2237.72
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.22
8.768.76
298.7243.80
Total Average First Quarter
13.0413.04
Total Average Fourth Quarter 2019
15.1615.16
Total Average
Fee
302.3044.33
Exchange Rate Margin (%)
4.174.17
Total Cost Percent (%)
13.0413.04
Total Cost (ZAR) Total Cost (USD)
444.5365.18
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet