Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From USUnited States you can also send money to
Transfer money

Sending money from UNITED STATES to ETHIOPIA

Data collected on: Oct 26, 2020
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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 (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 37.33 and exchange rate charged 37.42-0.24
Total cost (%)
2.262.26
Total cost (USD)sort descending
4.524.52
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.502.50
Total cost (USD)sort descending
5.005.00
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.992.99
Exchange rate margin (%)
1.69
Percentage difference between market reference rate 37.33 and exchange rate charged 36.701.69
Total cost (%)
3.183.18
Total cost (USD)sort descending
6.366.36
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 37.33 and exchange rate charged 37.41-0.21
Total cost (%)
3.293.29
Total cost (USD)sort descending
6.586.58
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.008.00
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 37.33 and exchange rate charged 37.42-0.24
Total cost (%)
3.763.76
Total cost (USD)sort descending
7.527.52
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 37.33 and exchange rate charged 37.41-0.21
Total cost (%)
3.793.79
Total cost (USD)sort descending
7.587.58
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.009.00
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 37.33 and exchange rate charged 37.42-0.24
Total cost (%)
4.264.26
Total cost (USD)sort descending
8.528.52
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.995.99
Exchange rate margin (%)
1.69
Percentage difference between market reference rate 37.33 and exchange rate charged 36.701.69
Total cost (%)
4.684.68
Total cost (USD)sort descending
9.369.36
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 37.33 and exchange rate charged 37.41-0.21
Total cost (%)
4.794.79
Total cost (USD)sort descending
9.589.58
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Firm
Amal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Total Average Fourth Quarter 2020
4.054.05
Total Average Third Quarter 2020
4.264.26
Total Average
Fee
7.727.72
Exchange Rate Margin (%)
0.180.18
Total Cost Percent (%)
4.054.05
Total Cost (USD) Total Cost (USD)
8.098.09
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (USD)sort descending
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (USD)sort descending
N/AN/A
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 37.33 and exchange rate charged 37.42-0.24
Total cost (%)
0.760.76
Total cost (USD)sort descending
3.803.80
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 37.33 and exchange rate charged 37.41-0.21
Total cost (%)
1.191.19
Total cost (USD)sort descending
5.955.95
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.008.00
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 37.33 and exchange rate charged 37.42-0.24
Total cost (%)
1.361.36
Total cost (USD)sort descending
6.806.80
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 37.33 and exchange rate charged 37.41-0.21
Total cost (%)
1.391.39
Total cost (USD)sort descending
6.956.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.996.99
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.401.40
Total cost (USD)sort descending
7.007.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 37.33 and exchange rate charged 37.41-0.21
Total cost (%)
1.791.79
Total cost (USD)sort descending
8.958.95
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.992.99
Exchange rate margin (%)
1.69
Percentage difference between market reference rate 37.33 and exchange rate charged 36.701.69
Total cost (%)
2.292.29
Total cost (USD)sort descending
11.4511.45
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.4910.49
Exchange rate margin (%)
1.69
Percentage difference between market reference rate 37.33 and exchange rate charged 36.701.69
Total cost (%)
3.793.79
Total cost (USD)sort descending
18.9518.95
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Firm
Amal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Total Average Fourth Quarter 2020
2.602.60
Total Average Third Quarter 2020
2.852.85
Total Average
Fee
11.8511.85
Exchange Rate Margin (%)
0.230.23
Total Cost Percent (%)
2.602.60
Total Cost (USD) Total Cost (USD)
12.9912.99
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Least Costly Corridors To Ethiopia
Least Costly Corridors From United States
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