South Africa - Transaction costs

Average transaction cost of sending remittances to a specific country (%)

Average transaction cost of sending remittances to a specific country (%) in South Africa was 8.14 as of 2020. Its highest value over the past 9 years was 9.57 in 2012, while its lowest value was 7.54 in 2019.

Definition: Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.

Source: World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org

See also:

Year Value
2011 8.03
2012 9.57
2013 9.55
2014 9.27
2015 8.98
2016 7.77
2017 8.07
2018 8.10
2019 7.54
2020 8.14

Average transaction cost of sending remittances from a specific country (%)

Average transaction cost of sending remittances from a specific country (%) in South Africa was 15.05 as of 2020. Its highest value over the past 9 years was 20.56 in 2012, while its lowest value was 15.05 in 2020.

Definition: Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.

Source: World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org

See also:

Year Value
2011 17.73
2012 20.56
2013 19.29
2014 19.54
2015 15.19
2016 16.95
2017 16.57
2018 15.82
2019 15.96
2020 15.05

Classification

Topic: Financial Sector Indicators

Sub-Topic: Access