Remitting towards Colombia incurred a cost of roughly 5.9 percent in the first quarter of 2024, a slight increase when compared to the previous year. The cost of sending money to the Latin American country was at its highest in 2012, and fluctuated several times since. The source adds that incoming remittances to Colombia were more expensive than the average for the G20 countries, which was estimated at 5.62 percent for sending money worth 200 U.S. dollars.
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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Statista, & World Bank (Remittance Prices Worldwide), & FXC Intelligence. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1454721/cost-sending-low-value-remittances-to-colombia/
Statista, und World Bank (Remittance Prices Worldwide), und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024." Chart. July 6, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1454721/cost-sending-low-value-remittances-to-colombia/
Statista, World Bank (Remittance Prices Worldwide), FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1454721/cost-sending-low-value-remittances-to-colombia/
Statista, and World Bank (Remittance Prices Worldwide), and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Colombia from The Rest of The World from 1st Quarter of 2011 to 1st Quarter of 2024." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1454721/cost-sending-low-value-remittances-to-colombia/
Statista & World Bank (Remittance Prices Worldwide) & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 Statista, https://www.statista.com/statistics/1454721/cost-sending-low-value-remittances-to-colombia/ (last visited November 23, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 [Graph], Statista, & World Bank (Remittance Prices Worldwide), & FXC Intelligence, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1454721/cost-sending-low-value-remittances-to-colombia/
