Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from SPAIN to DOMINICAN REPUBLIC

Data collected on: Mar 24, 2021
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (EUR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
-2.18
Percentage difference between market reference rate 67.51 and exchange rate charged 68.98
-2.18
-0.05-0.05
-0.07-0.10
Money Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
2.002.86
-0.45
Percentage difference between market reference rate 67.51 and exchange rate charged 67.81
-0.45
0.980.98
1.371.96
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.00
Percentage difference between market reference rate 67.51 and exchange rate charged 66.83
1.00
1.001.00
1.402.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Home delivery
High
0.991.41
1.40
Percentage difference between market reference rate 67.51 and exchange rate charged 66.56
1.40
2.112.11
2.954.21
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent, Home delivery
High
2.994.27
1.48
Percentage difference between market reference rate 67.51 and exchange rate charged 66.51
1.48
3.613.61
5.057.21
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.86
0.28
Percentage difference between market reference rate 67.51 and exchange rate charged 67.32
0.28
4.204.20
5.888.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
1.40
Percentage difference between market reference rate 67.51 and exchange rate charged 66.56
1.40
4.254.25
5.958.50
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.86
0.75
Percentage difference between market reference rate 67.51 and exchange rate charged 67.00
0.75
4.684.68
6.559.36
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.86
0.75
Percentage difference between market reference rate 67.51 and exchange rate charged 67.00
0.75
4.684.68
6.559.36
Maccorp Exact Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
6.008.57
0.81
Percentage difference between market reference rate 67.51 and exchange rate charged 66.96
0.81
5.105.10
7.1410.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.997.13
3.22
Percentage difference between market reference rate 67.51 and exchange rate charged 65.33
3.22
6.796.79
9.5113.59
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.907.00
3.62
Percentage difference between market reference rate 67.51 and exchange rate charged 65.06
3.62
7.127.12
9.9714.24
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.907.00
4.11
Percentage difference between market reference rate 67.51 and exchange rate charged 64.73
4.11
7.617.61
10.6515.21
Total Average First Quarter
4.014.01
Total Average Fourth Quarter 2020
3.563.56
Total Average
Fee
3.875.52
Exchange Rate Margin (%)
1.251.25
Total Cost Percent (%)
4.014.01
Total Cost (EUR) Total Cost (USD)
5.618.01
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
-2.18
Percentage difference between market reference rate 67.51 and exchange rate charged 68.98
-2.18
-1.32-1.32
-4.55-6.59
Money Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
2.002.90
-0.45
Percentage difference between market reference rate 67.51 and exchange rate charged 67.81
-0.45
0.130.13
0.450.65
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.00
Percentage difference between market reference rate 67.51 and exchange rate charged 66.83
1.00
1.001.00
3.455.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Home delivery
High
0.991.43
1.40
Percentage difference between market reference rate 67.51 and exchange rate charged 66.56
1.40
1.691.69
5.838.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.97
0.28
Percentage difference between market reference rate 67.51 and exchange rate charged 67.32
0.28
1.871.87
6.459.35
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.97
0.75
Percentage difference between market reference rate 67.51 and exchange rate charged 67.00
0.75
2.342.34
8.0711.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent, Home delivery
High
2.994.33
1.48
Percentage difference between market reference rate 67.51 and exchange rate charged 66.51
1.48
2.342.34
8.0711.70
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.97
0.75
Percentage difference between market reference rate 67.51 and exchange rate charged 67.00
0.75
2.342.34
8.0711.70
Maccorp Exact Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
6.008.70
0.81
Percentage difference between market reference rate 67.51 and exchange rate charged 66.96
0.81
2.552.55
8.8012.75
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
1.40
Percentage difference between market reference rate 67.51 and exchange rate charged 66.56
1.40
2.562.56
8.8312.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.997.23
3.22
Percentage difference between market reference rate 67.51 and exchange rate charged 65.33
3.22
4.674.67
16.1123.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.907.10
3.62
Percentage difference between market reference rate 67.51 and exchange rate charged 65.06
3.62
5.045.04
17.3925.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.907.10
4.11
Percentage difference between market reference rate 67.51 and exchange rate charged 64.73
4.11
5.535.53
19.0827.65
Total Average First Quarter
2.362.36
Total Average Fourth Quarter 2020
2.222.22
Total Average
Fee
3.875.60
Exchange Rate Margin (%)
1.251.25
Total Cost Percent (%)
2.362.36
Total Cost (EUR) Total Cost (USD)
8.1611.82
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour
Cash