Remitting 500 USD towards Colombia incurred an average cost of 4.1 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 2015, and generally declined since then. The source adds that incoming remittances to Colombia were more expensive than the average for the G20 countries, which was estimated at 4.41 percent for sending money worth 500 U.S. dollars.
Total average cost of sending 500 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 500 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 500 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 December 22, 2024, from https://www.statista.com/statistics/1454723/cost-sending-high-value-remittances-to-colombia/
Statista, und World Bank (Remittance Prices Worldwide), und FXC Intelligence. "Total average cost of sending 500 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 December 22, 2024. https://www.statista.com/statistics/1454723/cost-sending-high-value-remittances-to-colombia/
Statista, World Bank (Remittance Prices Worldwide), FXC Intelligence. (2024). Total average cost of sending 500 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: December 22, 2024. https://www.statista.com/statistics/1454723/cost-sending-high-value-remittances-to-colombia/
Statista, and World Bank (Remittance Prices Worldwide), and FXC Intelligence. "Total Average Cost of Sending 500 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/1454723/cost-sending-high-value-remittances-to-colombia/
Statista & World Bank (Remittance Prices Worldwide) & FXC Intelligence, Total average cost of sending 500 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/1454723/cost-sending-high-value-remittances-to-colombia/ (last visited December 22, 2024)
Total average cost of sending 500 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/1454723/cost-sending-high-value-remittances-to-colombia/
