Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Oct 29, 2019
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.09
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.43
26.9826.98
369.6353.96
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.0036.50
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.43
19.6819.68
269.6239.36
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
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
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
100.0014.60
5.83
Percentage difference between market reference rate 157.88 and exchange rate charged 148.68
5.83
13.1213.12
179.7426.24
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
68.5010.00
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.71
2.01
7.017.01
96.0414.02
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.71
2.01
7.017.01
96.0414.02
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
41.106.00
1.36
Percentage difference between market reference rate 157.88 and exchange rate charged 155.73
1.36
4.364.36
59.738.72
Total Average Fourth Quarter 2019
14.4514.45
Total Average Third Quarter 2019
13.3313.33
Total Average
Fee
160.8923.49
Exchange Rate Margin (%)
2.702.70
Total Cost Percent (%)
14.4514.45
Total Cost (ZAR) Total Cost (USD)
197.9028.89
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
170.5025.00
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.71
2.01
7.017.01
239.0435.05
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.71
2.01
7.017.01
239.0435.05
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
100.0014.66
5.83
Percentage difference between market reference rate 157.88 and exchange rate charged 148.68
5.83
8.768.76
298.7243.80
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
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.43
8.768.76
298.7243.80
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.32
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.43
11.6911.69
398.6358.45
Total Average Fourth Quarter 2019
10.3610.36
Total Average Third Quarter 2019
9.789.78
Total Average
Fee
254.7537.35
Exchange Rate Margin (%)
2.892.89
Total Cost Percent (%)
10.3610.36
Total Cost (ZAR) Total Cost (USD)
353.4251.82
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet