Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From USUnited States you can also send money to

Sending money from UNITED STATES to NIGERIA

Data collected on: Oct 28, 2020
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 (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.18
Percentage difference between market reference rate 380.97 and exchange rate charged 380.28
0.18
0.180.18
0.360.36
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.73
Percentage difference between market reference rate 380.97 and exchange rate charged 378.18
0.73
0.730.73
1.461.46
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.932.93
-0.27
Percentage difference between market reference rate 380.97 and exchange rate charged 382.00
-0.27
1.191.19
2.382.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
-0.27
Percentage difference between market reference rate 380.97 and exchange rate charged 382.00
-0.27
2.222.22
4.444.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.23
Percentage difference between market reference rate 380.97 and exchange rate charged 380.09
0.23
2.732.73
5.465.46
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.23
Percentage difference between market reference rate 380.97 and exchange rate charged 380.09
0.23
2.732.73
5.465.46
Walmart2World
Firm type: Bank
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
8.008.00
-0.02
Percentage difference between market reference rate 380.97 and exchange rate charged 381.04
-0.02
3.983.98
7.967.96
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.507.50
0.23
Percentage difference between market reference rate 380.97 and exchange rate charged 380.09
0.23
3.983.98
7.967.96
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
2.13
Percentage difference between market reference rate 380.97 and exchange rate charged 372.85
2.13
4.634.63
9.269.26
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.995.99
2.13
Percentage difference between market reference rate 380.97 and exchange rate charged 372.85
2.13
5.135.13
10.2610.26
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.98
Percentage difference between market reference rate 380.97 and exchange rate charged 377.22
0.98
5.985.98
11.9611.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
5.34
Percentage difference between market reference rate 380.97 and exchange rate charged 360.64
5.34
8.848.84
17.6817.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
6.71
Percentage difference between market reference rate 380.97 and exchange rate charged 355.41
6.71
9.219.21
18.4218.42
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
6.71
Percentage difference between market reference rate 380.97 and exchange rate charged 355.41
6.71
9.219.21
18.4218.42
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
5.34
Percentage difference between market reference rate 380.97 and exchange rate charged 360.64
5.34
10.3410.34
20.6820.68
Total Average Fourth Quarter 2020
4.744.74
Total Average Third Quarter 2020
5.145.14
Total Average
Fee
5.435.43
Exchange Rate Margin (%)
2.032.03
Total Cost Percent (%)
4.744.74
Total Cost (USD) Total Cost (USD)
9.489.48
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.18
Percentage difference between market reference rate 380.97 and exchange rate charged 380.28
0.18
0.180.18
0.900.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.73
Percentage difference between market reference rate 380.97 and exchange rate charged 378.18
0.73
0.730.73
3.653.65
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.625.62
-0.27
Percentage difference between market reference rate 380.97 and exchange rate charged 382.00
-0.27
0.850.85
4.254.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.995.99
-0.27
Percentage difference between market reference rate 380.97 and exchange rate charged 382.00
-0.27
0.930.93
4.654.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.23
Percentage difference between market reference rate 380.97 and exchange rate charged 380.09
0.23
1.231.23
6.156.15
Walmart2World
Firm type: Bank
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
8.008.00
-0.02
Percentage difference between market reference rate 380.97 and exchange rate charged 381.04
-0.02
1.581.58
7.907.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.507.50
0.23
Percentage difference between market reference rate 380.97 and exchange rate charged 380.09
0.23
1.731.73
8.658.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.999.99
0.23
Percentage difference between market reference rate 380.97 and exchange rate charged 380.09
0.23
2.232.23
11.1511.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.98
Percentage difference between market reference rate 380.97 and exchange rate charged 377.22
0.98
2.982.98
14.9014.90
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
2.13
Percentage difference between market reference rate 380.97 and exchange rate charged 372.85
2.13
3.133.13
15.6515.65
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.4910.49
2.13
Percentage difference between market reference rate 380.97 and exchange rate charged 372.85
2.13
4.234.23
21.1521.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.009.00
5.24
Percentage difference between market reference rate 380.97 and exchange rate charged 361.02
5.24
7.047.04
35.2035.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
5.24
Percentage difference between market reference rate 380.97 and exchange rate charged 361.02
5.24
7.247.24
36.2036.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
6.59
Percentage difference between market reference rate 380.97 and exchange rate charged 355.87
6.59
7.597.59
37.9537.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.007.00
6.59
Percentage difference between market reference rate 380.97 and exchange rate charged 355.87
6.59
7.997.99
39.9539.95
Total Average Fourth Quarter 2020
3.313.31
Total Average Third Quarter 2020
3.913.91
Total Average
Fee
6.576.57
Exchange Rate Margin (%)
2.002.00
Total Cost Percent (%)
3.313.31
Total Cost (USD) Total Cost (USD)
16.5516.55
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash