Remittance Prices Worldwide

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Sending money from UNITED KINGDOM to NIGERIA

Data collected on: Nov 02, 2018
GBP | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.472.45
1.82
Percentage difference between market reference rate 470.52 and exchange rate charged 461.94
1.82
3.053.05
3.666.10
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.492.48
1.82
Percentage difference between market reference rate 470.52 and exchange rate charged 461.94
1.82
3.073.07
3.686.13
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
1.993.32
2.24
Percentage difference between market reference rate 470.52 and exchange rate charged 460.00
2.24
3.893.89
4.677.78
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.504.17
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
4.114.11
4.938.22
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.98
2.46
Percentage difference between market reference rate 470.52 and exchange rate charged 458.94
2.46
4.954.95
5.949.90
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
6.0010.00
0.11
Percentage difference between market reference rate 470.52 and exchange rate charged 470.00
0.11
5.115.11
6.1310.22
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.008.33
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
6.196.19
7.4312.38
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.908.17
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
7.427.42
8.9014.83
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
0.96
Percentage difference between market reference rate 470.52 and exchange rate charged 466.00
0.96
7.637.63
9.1615.27
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.908.17
5.27
Percentage difference between market reference rate 470.52 and exchange rate charged 445.71
5.27
9.369.36
11.2318.72
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
9.959.95
11.9419.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
9.959.95
11.9419.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9913.32
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
10.0010.00
12.0020.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.904.83
16.33
Percentage difference between market reference rate 470.52 and exchange rate charged 393.68
16.33
18.7518.75
22.5037.50
Total Average Fourth Quarter 2018
7.397.39
Total Average Third Quarter 2018
5.905.90
Total Average
Fee
4.577.61
Exchange Rate Margin (%)
3.583.58
Total Cost Percent (%)
7.397.39
Total Cost (GBP) Total Cost (USD)
8.8714.78
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
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.492.48
1.82
Percentage difference between market reference rate 470.52 and exchange rate charged 461.94
1.82
2.322.32
6.9611.60
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.193.65
1.83
Percentage difference between market reference rate 470.52 and exchange rate charged 461.93
1.83
2.562.56
7.6812.80
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.504.17
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
2.862.86
8.5814.30
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
2.994.98
2.24
Percentage difference between market reference rate 470.52 and exchange rate charged 460.00
2.24
3.233.23
9.6916.15
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.98
2.46
Percentage difference between market reference rate 470.52 and exchange rate charged 458.94
2.46
3.463.46
10.3817.30
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
0.96
Percentage difference between market reference rate 470.52 and exchange rate charged 466.00
0.96
3.633.63
10.8918.15
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
15.0025.00
0.11
Percentage difference between market reference rate 470.52 and exchange rate charged 470.00
0.11
5.115.11
15.3325.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.9013.17
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
5.975.97
17.9129.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9913.32
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
6.006.00
18.0030.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
6.506.50
19.5032.50
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0025.00
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
7.027.02
21.0635.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.9014.83
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
7.177.17
21.5135.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.9016.50
5.27
Percentage difference between market reference rate 470.52 and exchange rate charged 445.71
5.27
8.578.57
25.7142.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.908.17
16.33
Percentage difference between market reference rate 470.52 and exchange rate charged 393.68
16.33
17.9617.96
53.8889.80
Total Average Fourth Quarter 2018
5.885.88
Total Average Third Quarter 2018
4.614.61
Total Average
Fee
6.9011.51
Exchange Rate Margin (%)
3.583.58
Total Cost Percent (%)
5.885.88
Total Cost (GBP) Total Cost (USD)
17.6529.41
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