Remittance Prices Worldwide

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Sending money from UNITED KINGDOM to GAMBIA

Data collected on: Feb 14, 2018
GBP | USD
Payment instrument
Access point
Sending network coverage
Receiving method
YaYeh Instant Services
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.001.67
3.64
Percentage difference between market reference rate 65.38 and exchange rate charged 63.00
3.64
4.484.48
5.388.97
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
5.008.33
3.61
Percentage difference between market reference rate 65.38 and exchange rate charged 63.02
3.61
7.787.78
9.3415.57
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.404.00
6.14
Percentage difference between market reference rate 65.38 and exchange rate charged 61.37
6.14
8.148.14
9.7716.28
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.98
8.36
Percentage difference between market reference rate 65.38 and exchange rate charged 59.91
8.36
10.8610.86
13.0321.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.906.50
8.13
Percentage difference between market reference rate 65.38 and exchange rate charged 60.07
8.13
11.3811.38
13.6622.77
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.999.98
6.80
Percentage difference between market reference rate 65.38 and exchange rate charged 60.94
6.80
11.7911.79
14.1523.58
Sigue Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.0010.00
6.87
Percentage difference between market reference rate 65.38 and exchange rate charged 60.89
6.87
11.8711.87
14.2423.73
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
6.14
Percentage difference between market reference rate 65.38 and exchange rate charged 61.37
6.14
12.8012.80
15.3625.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.908.17
8.91
Percentage difference between market reference rate 65.38 and exchange rate charged 59.56
8.91
12.9912.99
15.5925.98
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
10.53
Percentage difference between market reference rate 65.38 and exchange rate charged 58.50
10.53
16.2816.28
19.5432.57
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.9014.83
10.53
Percentage difference between market reference rate 65.38 and exchange rate charged 58.50
10.53
17.9517.95
21.5435.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
16.9028.17
7.38
Percentage difference between market reference rate 65.38 and exchange rate charged 60.56
7.38
21.4621.46
25.7542.92
Total Average First Quarter 2018
12.3212.32
Total Average Fourth Quarter 2017
11.5811.58
Total Average
Fee
6.0710.12
Exchange Rate Margin (%)
7.257.25
Total Cost Percent (%)
12.3212.32
Total Cost (GBP) Total Cost (USD)
14.7824.63
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
YaYeh Instant Services
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.001.67
3.64
Percentage difference between market reference rate 65.38 and exchange rate charged 63.00
3.64
3.983.98
11.9419.90
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
10.0016.67
3.61
Percentage difference between market reference rate 65.38 and exchange rate charged 63.02
3.61
6.956.95
20.8534.75
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.0010.00
6.05
Percentage difference between market reference rate 65.38 and exchange rate charged 61.43
6.05
8.058.05
24.1540.25
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.0010.00
6.14
Percentage difference between market reference rate 65.38 and exchange rate charged 61.37
6.14
8.148.14
24.4240.70
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.98
8.36
Percentage difference between market reference rate 65.38 and exchange rate charged 59.91
8.36
9.369.36
28.0846.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.9916.65
6.80
Percentage difference between market reference rate 65.38 and exchange rate charged 60.94
6.80
10.1310.13
30.3950.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
8.13
Percentage difference between market reference rate 65.38 and exchange rate charged 60.07
8.13
10.4310.43
31.2952.15
Sigue Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0020.00
6.87
Percentage difference between market reference rate 65.38 and exchange rate charged 60.89
6.87
10.8710.87
32.6154.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.9016.50
8.91
Percentage difference between market reference rate 65.38 and exchange rate charged 59.56
8.91
12.2112.21
36.6361.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
10.53
Percentage difference between market reference rate 65.38 and exchange rate charged 58.50
10.53
12.8312.83
38.4964.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.9014.83
10.53
Percentage difference between market reference rate 65.38 and exchange rate charged 58.50
10.53
13.5013.50
40.5067.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
23.9039.83
7.38
Percentage difference between market reference rate 65.38 and exchange rate charged 60.56
7.38
15.3415.34
46.0276.70
Total Average First Quarter 2018
10.1510.15
Total Average Fourth Quarter 2017
9.549.54
Total Average
Fee
8.7114.51
Exchange Rate Margin (%)
7.257.25
Total Cost Percent (%)
10.1510.15
Total Cost (GBP) Total Cost (USD)
30.4550.75
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Bank account Cash