What it cost to send $200 to seven African destinations

The 2023 averages span about 2.5 percentage points

After Egypt’s 3.30%, the estimates were 3.42% in Ethiopia, 3.86% in Kenya and 4.17% in Morocco. South Africa and Nigeria were both above 4.5%. Rwanda’s average was the highest of the seven in 2023. Source 1

A falling average can reverse from one year to the next

Kenya’s average was 5.20% in 2020, 2.17% in 2022 and 3.86% in 2023. Rwanda moved from 6.21% in 2021 to 2.88% in 2022 and then to 5.76% in 2023. The table records each year’s average for the providers and routes surveyed. Source 1

The map groups quotes by receiving country

Each dot uses capital coordinates to locate the country. The national averages incorporate quotes from observed sending corridors, which can include countries outside Africa. The pin does not identify a specific provider or quote in the capital. Source 4 Source 2

Fees and exchange rates both affect what arrives

A transfer advertised with a low fee can include a less favourable exchange rate. The World Bank’s method combines fee and exchange margin where measurable. Actual prices vary by sending country, payout channel, provider and transaction date. Source 2

Sources

• World Bank Remittance Prices Worldwide via WDI
• Publisher metadata and indicator definition
• World Bank API, country and year records
• World Bank country metadata, capital locator coordinates