Remittance Prices Worldwide

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Sending money from TANZANIA to RWANDA

Data collected on: May 10, 2019
TZS | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7,000.004.31
2.67
Percentage difference between market reference rate 0.39 and exchange rate charged 0.38
2.67
4.824.82
15,640.909.64
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
16,760.0010.33
-0.01
Percentage difference between market reference rate 0.39 and exchange rate charged 0.39
-0.01
5.165.16
16,744.2010.32
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
11,000.006.78
16.45
Percentage difference between market reference rate 0.39 and exchange rate charged 0.33
16.45
19.8419.84
64,380.8039.68
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Tigo
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
0.000.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.000.00
0.000.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
48,675.0030.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
15.0015.00
48,675.0030.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
81,125.0050.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
25.0025.00
81,125.0050.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
95,727.5059.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
29.5029.50
95,727.5059.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
95,727.5059.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
29.5029.50
95,727.5059.00
Total Average Second Quarter
16.1016.10
Total Average First Quarter
22.2422.24
Total Average
Fee
44,501.8827.43
Exchange Rate Margin (%)
2.392.39
Total Cost Percent (%)
16.1016.10
Total Cost (TZS) Total Cost (USD)
52,252.6132.21
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
37,500.0023.12
-0.01
Percentage difference between market reference rate 0.39 and exchange rate charged 0.39
-0.01
4.624.62
37,468.2023.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20,000.0012.33
2.67
Percentage difference between market reference rate 0.39 and exchange rate charged 0.38
2.67
5.135.13
41,604.3025.65
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
28,000.0017.26
16.45
Percentage difference between market reference rate 0.39 and exchange rate charged 0.33
16.45
19.9119.91
161,470.1099.55
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Tigo
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
0.000.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.000.00
0.000.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
48,660.0030.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
6.006.00
48,660.0030.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
81,100.0050.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.0010.00
81,100.0050.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
95,698.0059.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.8011.80
95,698.0059.00
This RSP's fees are quoted only in USD.  · This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
95,698.0059.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.8011.80
95,698.0059.00
Total Average Second Quarter
8.668.66
Total Average First Quarter
15.2215.22
Total Average
Fee
50,832.0031.34
Exchange Rate Margin (%)
2.392.39
Total Cost Percent (%)
8.668.66
Total Cost (TZS) Total Cost (USD)
70,212.3343.29
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account