Quarterly cost of sending 200 USD worth of remittances from South Africa 2011-2024
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Remitting from South Africa incurred a cost of roughly 13.2 percent in the first quarter of 2024, a decrease when compared to the previous year. The cost of sending money from the African country was at its highest in 2012, and generally declined since. The source adds that outgoing remittances from South Africa were noticeably more expensive than the average for the G20 countries, which was estimated at 6.39 percent for sending money worth 200 U.S. dollars.
