Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From GBUnited Kingdom you can also send money to
Transfer money

Sending money from UNITED KINGDOM to ERITREA

Data collected on: Nov 20, 2023-Nov 30, 2023
GBP | 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 (GBP)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
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
2.994.98
Exchange rate margin (%)
2.58
Percentage difference between market reference rate 19.04 and exchange rate charged 18.552.58
Total cost (%)
5.075.07
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.0810.13
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
4.507.50
Exchange rate margin (%)
2.80
Percentage difference between market reference rate 19.14 and exchange rate charged 18.602.80
Total cost (%)
6.556.55
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.8613.10
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
4.507.50
Exchange rate margin (%)
2.80
Percentage difference between market reference rate 19.14 and exchange rate charged 18.602.80
Total cost (%)
6.556.55
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.8613.10
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
4.507.50
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 19.15 and exchange rate charged 18.602.85
Total cost (%)
6.606.60
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.9213.20
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
4.998.32
Exchange rate margin (%)
2.58
Percentage difference between market reference rate 19.04 and exchange rate charged 18.552.58
Total cost (%)
6.746.74
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.0913.48
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
4.998.32
Exchange rate margin (%)
2.58
Percentage difference between market reference rate 19.04 and exchange rate charged 18.552.58
Total cost (%)
6.746.74
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.0913.48
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
2.904.83
Exchange rate margin (%)
6.24
Percentage difference between market reference rate 19.07 and exchange rate charged 17.886.24
Total cost (%)
8.668.66
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.3917.32
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.2012.00
Exchange rate margin (%)
4.26
Percentage difference between market reference rate 1.25 and exchange rate charged 1.204.26
Total cost (%)
10.2610.26
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.3120.52
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
Low
Fee
9.9016.50
Exchange rate margin (%)
10.31
Percentage difference between market reference rate 18.82 and exchange rate charged 16.8810.31
Total cost (%)
18.5618.56
Total cost (GBP)sort descendingTotal cost (USD)sort descending
22.2737.12
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
9.9016.50
Exchange rate margin (%)
10.56
Percentage difference between market reference rate 19.07 and exchange rate charged 17.0610.56
Total cost (%)
18.8118.81
Total cost (GBP)sort descendingTotal cost (USD)sort descending
22.5737.62
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
Low
Fee
9.9016.50
Exchange rate margin (%)
10.58
Percentage difference between market reference rate 19.12 and exchange rate charged 17.1010.58
Total cost (%)
18.8318.83
Total cost (GBP)sort descendingTotal cost (USD)sort descending
22.6037.67
Total Average Fourth Quarter 2023
10.3110.31
Total Average Third Quarter 2023
10.2910.29
Total Average
Fee
6.0210.04
Exchange Rate Margin (%)
5.295.29
Total Cost Percent (%)
10.3110.31
Total Cost (GBP) Total Cost (USD)
12.3720.61
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)sort descendingTotal cost (USD)sort descending
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
2.994.98
Exchange rate margin (%)
2.58
Percentage difference between market reference rate 19.04 and exchange rate charged 18.552.58
Total cost (%)
3.583.58
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.7417.90
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
4.998.32
Exchange rate margin (%)
2.58
Percentage difference between market reference rate 19.04 and exchange rate charged 18.552.58
Total cost (%)
4.244.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.7221.20
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
4.998.32
Exchange rate margin (%)
2.58
Percentage difference between market reference rate 19.04 and exchange rate charged 18.552.58
Total cost (%)
4.244.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.7221.20
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
5.509.17
Exchange rate margin (%)
2.80
Percentage difference between market reference rate 19.14 and exchange rate charged 18.602.80
Total cost (%)
4.634.63
Total cost (GBP)sort descendingTotal cost (USD)sort descending
13.8923.15
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
5.509.17
Exchange rate margin (%)
2.80
Percentage difference between market reference rate 19.14 and exchange rate charged 18.602.80
Total cost (%)
4.634.63
Total cost (GBP)sort descendingTotal cost (USD)sort descending
13.8923.15
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
5.509.17
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 19.15 and exchange rate charged 18.602.85
Total cost (%)
4.684.68
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.0423.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
2.904.83
Exchange rate margin (%)
6.24
Percentage difference between market reference rate 19.07 and exchange rate charged 17.886.24
Total cost (%)
7.217.21
Total cost (GBP)sort descendingTotal cost (USD)sort descending
21.6336.05
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
18.0030.00
Exchange rate margin (%)
4.26
Percentage difference between market reference rate 1.25 and exchange rate charged 1.204.26
Total cost (%)
10.2610.26
Total cost (GBP)sort descendingTotal cost (USD)sort descending
30.7851.30
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
Low
Fee
19.9033.17
Exchange rate margin (%)
10.31
Percentage difference between market reference rate 18.82 and exchange rate charged 16.8810.31
Total cost (%)
16.9416.94
Total cost (GBP)sort descendingTotal cost (USD)sort descending
50.8284.70
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
19.9033.17
Exchange rate margin (%)
10.56
Percentage difference between market reference rate 19.07 and exchange rate charged 17.0610.56
Total cost (%)
17.1917.19
Total cost (GBP)sort descendingTotal cost (USD)sort descending
51.5785.95
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
Low
Fee
19.9033.17
Exchange rate margin (%)
10.58
Percentage difference between market reference rate 19.12 and exchange rate charged 17.1010.58
Total cost (%)
17.2117.21
Total cost (GBP)sort descendingTotal cost (USD)sort descending
51.6386.05
Total Average Fourth Quarter 2023
8.628.62
Total Average Third Quarter 2023
7.737.73
Total Average
Fee
10.0116.68
Exchange Rate Margin (%)
5.295.29
Total Cost Percent (%)
8.628.62
Total Cost (GBP) Total Cost (USD)
25.8643.10
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Cash
Least Costly Corridors To Eritrea
Least Costly Corridors From United Kingdom
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