Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to CHINA

Data collected on: Nov 23, 2023-Nov 30, 2023
ZAR | USD
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 (ZAR)sort descendingTotal 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
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
41.996.13
Exchange rate margin (%)
2.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.66
Total cost (%)
5.725.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
78.3611.44
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
41.996.13
Exchange rate margin (%)
2.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.66
Total cost (%)
5.725.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
78.3611.44
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
41.996.13
Exchange rate margin (%)
2.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.66
Total cost (%)
5.725.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
78.3611.44
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.633.45
Exchange rate margin (%)
4.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.66
Total cost (%)
6.386.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.4112.76
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
190.5827.82
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.02
Total cost (%)
15.9315.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.2431.86
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
190.5827.82
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.02
Total cost (%)
15.9315.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.2431.86
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
215.0931.40
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
16.5016.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.0533.00
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
215.0931.40
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
16.5016.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.0533.00
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
215.0931.40
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
16.5016.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.0533.00
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
259.0037.81
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.371.66
Total cost (%)
20.5720.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
281.8141.14
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.9049.91
Exchange rate margin (%)
1.63
Percentage difference between market reference rate 0.38 and exchange rate charged 0.371.63
Total cost (%)
26.5926.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
364.2853.18
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
390.0056.93
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.17
Total cost (%)
32.6432.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
447.1765.28
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
435.0063.50
Exchange rate margin (%)
5.21
Percentage difference between market reference rate 0.38 and exchange rate charged 0.365.21
Total cost (%)
36.9636.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
506.3573.92
Total Average Fourth Quarter 2023
17.0517.05
Total Average Third Quarter 2023
15.8515.85
Total Average
Fee
200.1529.22
Exchange Rate Margin (%)
2.442.44
Total Cost Percent (%)
17.0517.05
Total Cost (ZAR) Total Cost (USD)
233.5934.10
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
41.996.16
Exchange rate margin (%)
2.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.66
Total cost (%)
3.893.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
132.6519.45
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
41.996.16
Exchange rate margin (%)
2.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.66
Total cost (%)
3.893.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
132.6519.45
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
41.996.16
Exchange rate margin (%)
2.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.66
Total cost (%)
3.893.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
132.6519.45
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
58.828.62
Exchange rate margin (%)
4.71
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.71
Total cost (%)
6.436.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
219.2632.15
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
259.0037.98
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.371.66
Total cost (%)
9.269.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
315.7746.30
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
247.7536.33
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.02
Total cost (%)
9.299.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
316.7946.45
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
247.7536.33
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.02
Total cost (%)
9.299.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
316.7946.45
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
301.1344.15
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
9.639.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
328.3848.15
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
301.1344.15
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
9.639.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
328.3848.15
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
301.1344.15
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
9.639.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
328.3848.15
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
346.5050.81
Exchange rate margin (%)
1.63
Percentage difference between market reference rate 0.38 and exchange rate charged 0.371.63
Total cost (%)
11.7911.79
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
402.0458.95
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
390.0057.18
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.17
Total cost (%)
15.6115.61
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
532.3078.05
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
435.0063.78
Exchange rate margin (%)
5.21
Percentage difference between market reference rate 0.38 and exchange rate charged 0.365.21
Total cost (%)
17.9717.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
612.7889.85
Total Average Fourth Quarter 2023
9.259.25
Total Average Third Quarter 2023
8.688.68
Total Average
Fee
231.8634.00
Exchange Rate Margin (%)
2.452.45
Total Cost Percent (%)
9.259.25
Total Cost (ZAR) Total Cost (USD)
315.2946.23
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To China
Least Costly Corridors From South Africa
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