Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to MALAWI

Data collected on: Nov 21, 2023-Dec 12, 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
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
55.008.03
Exchange rate margin (%)
-15.04
Percentage difference between market reference rate 89.64 and exchange rate charged 103.12-15.04
Total cost (%)
-11.03-11.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-151.11-22.06
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
-18.27
Percentage difference between market reference rate 89.43 and exchange rate charged 105.76-18.27
Total cost (%)
-9.15-9.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-125.36-18.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
-18.27
Percentage difference between market reference rate 89.43 and exchange rate charged 105.76-18.27
Total cost (%)
-9.15-9.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-125.36-18.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
-18.27
Percentage difference between market reference rate 89.43 and exchange rate charged 105.76-18.27
Total cost (%)
-9.15-9.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-125.36-18.30
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-17.42
Percentage difference between market reference rate 88.74 and exchange rate charged 104.20-17.42
Total cost (%)
-7.42-7.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-101.65-14.84
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-17.42
Percentage difference between market reference rate 88.74 and exchange rate charged 104.20-17.42
Total cost (%)
-7.42-7.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-101.65-14.84
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-17.42
Percentage difference between market reference rate 88.74 and exchange rate charged 104.20-17.42
Total cost (%)
-7.42-7.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-101.65-14.84
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
68.5010.00
Exchange rate margin (%)
-9.48
Percentage difference between market reference rate 89.26 and exchange rate charged 97.72-9.48
Total cost (%)
-4.48-4.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-61.38-8.96
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 (%)
-3.59
Percentage difference between market reference rate 89.12 and exchange rate charged 92.32-3.59
Total cost (%)
-1.87-1.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-25.62-3.74
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
66.009.64
Exchange rate margin (%)
-5.94
Percentage difference between market reference rate 88.22 and exchange rate charged 93.46-5.94
Total cost (%)
-1.12-1.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-15.34-2.24
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 89.27 and exchange rate charged 87.352.15
Total cost (%)
3.973.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
54.397.94
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 89.27 and exchange rate charged 87.352.15
Total cost (%)
3.973.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
54.397.94
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 89.27 and exchange rate charged 87.352.15
Total cost (%)
3.973.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
54.397.94
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 89.27 and exchange rate charged 86.413.20
Total cost (%)
5.025.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
68.7710.04
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 89.27 and exchange rate charged 86.413.20
Total cost (%)
5.025.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
68.7710.04
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 89.27 and exchange rate charged 86.413.20
Total cost (%)
5.025.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
68.7710.04
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
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
220.9032.25
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.24
Total cost (%)
17.3617.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.8334.72
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.81
Exchange rate margin (%)
1.38
Percentage difference between market reference rate 89.26 and exchange rate charged 88.031.38
Total cost (%)
20.2920.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
277.9740.58
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
130.0018.98
Exchange rate margin (%)
11.56
Percentage difference between market reference rate 91.55 and exchange rate charged 80.9711.56
Total cost (%)
21.0521.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
288.3942.10
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 (%)
8.33
Percentage difference between market reference rate 90.15 and exchange rate charged 82.648.33
Total cost (%)
22.2422.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
304.6944.48
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 (%)
8.33
Percentage difference between market reference rate 90.15 and exchange rate charged 82.648.33
Total cost (%)
22.2422.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
304.6944.48
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0040.88
Exchange rate margin (%)
3.98
Percentage difference between market reference rate 89.26 and exchange rate charged 85.713.98
Total cost (%)
24.4224.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
334.5548.84
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
221.4632.33
Exchange rate margin (%)
8.72
Percentage difference between market reference rate 88.74 and exchange rate charged 81.008.72
Total cost (%)
24.8824.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
340.8649.76
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
341.9049.91
Exchange rate margin (%)
1.34
Percentage difference between market reference rate 89.66 and exchange rate charged 88.461.34
Total cost (%)
26.3026.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
360.3152.60
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
230.0033.58
Exchange rate margin (%)
11.40
Percentage difference between market reference rate 89.55 and exchange rate charged 79.3411.40
Total cost (%)
28.1928.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
386.2056.38
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
230.0033.58
Exchange rate margin (%)
11.55
Percentage difference between market reference rate 91.54 and exchange rate charged 80.9711.55
Total cost (%)
28.3428.34
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
388.2656.68
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0056.93
Exchange rate margin (%)
2.11
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.11
Total cost (%)
30.5830.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
418.9561.16
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.50
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 89.93 and exchange rate charged 86.703.58
Total cost (%)
35.3335.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
484.0270.66
Total Average Fourth Quarter 2023
9.989.98
Total Average Third Quarter 2023
-0.10-0.10
Total Average
Fee
158.5123.14
Exchange Rate Margin (%)
-1.59-1.59
Total Cost Percent (%)
9.989.98
Total Cost (ZAR) Total Cost (USD)
136.7719.97
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 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
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
150.0021.99
Exchange rate margin (%)
-15.04
Percentage difference between market reference rate 89.64 and exchange rate charged 103.12-15.04
Total cost (%)
-10.64-10.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-362.82-53.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
310.0045.45
Exchange rate margin (%)
-18.24
Percentage difference between market reference rate 89.43 and exchange rate charged 105.74-18.24
Total cost (%)
-9.15-9.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-312.02-45.75
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
310.0045.45
Exchange rate margin (%)
-18.24
Percentage difference between market reference rate 89.43 and exchange rate charged 105.74-18.24
Total cost (%)
-9.15-9.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-312.02-45.75
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
310.0045.45
Exchange rate margin (%)
-18.24
Percentage difference between market reference rate 89.43 and exchange rate charged 105.74-18.24
Total cost (%)
-9.15-9.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-312.02-45.75
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-17.42
Percentage difference between market reference rate 88.74 and exchange rate charged 104.20-17.42
Total cost (%)
-7.42-7.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-253.02-37.10
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-17.42
Percentage difference between market reference rate 88.74 and exchange rate charged 104.20-17.42
Total cost (%)
-7.42-7.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-253.02-37.10
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-17.42
Percentage difference between market reference rate 88.74 and exchange rate charged 104.20-17.42
Total cost (%)
-7.42-7.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-253.02-37.10
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
170.5025.00
Exchange rate margin (%)
-9.48
Percentage difference between market reference rate 89.26 and exchange rate charged 97.72-9.48
Total cost (%)
-4.48-4.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-152.77-22.40
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 (%)
-3.59
Percentage difference between market reference rate 89.12 and exchange rate charged 92.32-3.59
Total cost (%)
-1.87-1.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-63.77-9.35
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
163.0023.90
Exchange rate margin (%)
-5.94
Percentage difference between market reference rate 88.22 and exchange rate charged 93.46-5.94
Total cost (%)
-1.16-1.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-39.56-5.80
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 89.27 and exchange rate charged 87.352.15
Total cost (%)
2.882.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
98.2114.40
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 89.27 and exchange rate charged 87.352.15
Total cost (%)
2.882.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
98.2114.40
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 89.27 and exchange rate charged 87.352.15
Total cost (%)
2.882.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
98.2114.40
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 89.27 and exchange rate charged 86.413.20
Total cost (%)
3.933.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
134.0119.65
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 89.27 and exchange rate charged 86.413.20
Total cost (%)
3.933.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
134.0119.65
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 89.27 and exchange rate charged 86.413.20
Total cost (%)
3.933.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
134.0119.65
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.98
Exchange rate margin (%)
1.38
Percentage difference between market reference rate 89.26 and exchange rate charged 88.031.38
Total cost (%)
8.988.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
306.2244.90
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
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
309.2645.35
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.24
Total cost (%)
10.3110.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
351.5751.55
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
346.5050.81
Exchange rate margin (%)
1.34
Percentage difference between market reference rate 89.66 and exchange rate charged 88.461.34
Total cost (%)
11.5011.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
392.1557.50
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0041.06
Exchange rate margin (%)
3.98
Percentage difference between market reference rate 89.26 and exchange rate charged 85.713.98
Total cost (%)
12.1912.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
415.6860.95
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0057.18
Exchange rate margin (%)
2.11
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.11
Total cost (%)
13.5513.55
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
462.0667.75
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 (%)
8.33
Percentage difference between market reference rate 90.15 and exchange rate charged 82.648.33
Total cost (%)
15.6015.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
531.9678.00
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
247.7536.33
Exchange rate margin (%)
8.33
Percentage difference between market reference rate 90.15 and exchange rate charged 82.648.33
Total cost (%)
15.6015.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
531.9678.00
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
150.0021.99
Exchange rate margin (%)
11.56
Percentage difference between market reference rate 91.55 and exchange rate charged 80.9711.56
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
544.2479.80
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.78
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 89.93 and exchange rate charged 86.703.58
Total cost (%)
16.3416.34
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
557.1981.70
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
287.8942.21
Exchange rate margin (%)
8.72
Percentage difference between market reference rate 88.74 and exchange rate charged 81.008.72
Total cost (%)
17.1617.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
585.1685.80
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
11.40
Percentage difference between market reference rate 89.55 and exchange rate charged 79.3411.40
Total cost (%)
18.7318.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
638.6993.65
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
11.55
Percentage difference between market reference rate 91.54 and exchange rate charged 80.9711.55
Total cost (%)
18.8818.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
643.8194.40
Total Average Fourth Quarter 2023
5.045.04
Total Average Third Quarter 2023
0.340.34
Total Average
Fee
225.8733.12
Exchange Rate Margin (%)
-1.58-1.58
Total Cost Percent (%)
5.045.04
Total Cost (ZAR) Total Cost (USD)
171.8925.20
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