Sending remittances to Mexico was cheaper than sending money from either Canada or the United States, as of the first quarter of 2024. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards.
Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in North America in 1st quarter of 2024
Characteristic
Average costs of sending 200 U.S. dollars from
Average costs of sending 200 U.S. dollar to
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Includes cash, bank account transfers, credit cards, debit cards, prepaid cards, and mobile money
Supplementary notes
The source states it investigates 105 remittance receiving countries, compared to 48 remittance sending countries. It is therefore likely that not all countries have data for both situations.
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Statista. (July 6, 2024). Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in North America in 1st quarter of 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista. "Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in North America in 1st quarter of 2024." Chart. July 6, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista. (2024). Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in North America in 1st quarter of 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista. "Total Average Cost of Sending And/or Receiving 200 U.S. Dollars worth of Remittances From/to Individual Countries in North America in 1st Quarter of 2024." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista, Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in North America in 1st quarter of 2024 Statista, https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/ (last visited August 24, 2024)
Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in North America in 1st quarter of 2024 [Graph], Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/