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.
Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024
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Average costs of sending 200 U.S. dollars
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Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista. "Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024." Chart. July 6, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances from South Africa to 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/962745/average-cost-of-sending-remittances-from-south-africa/
Statista, Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 Statista, https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/ (last visited August 25, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 [Graph], Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/