http://remittanceprices.worldbank.org/

Figure 3

Figure 4 Cost of Sending USD 200 to by Sending Country

Q1

2011 Q3

2011 Q1

2012 Q3

2012 Q1

2013 Q2

2013 Q3

2013 Q4

2013 Q1

2014 Q2

2014 Q3

2014 Q4

2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 Q1

2016 Q2

2016

Intl MTO Index 10.12 10.16 9.80 9.51 9.24 8.86 8.95 8.74 8.35 8.22 8.04 8.23 8.03 8.16 8.04 8.05 8.25 8.14

Global Weighted Average 7.21 7.02 7.10 7.26 6.92 6.63 6.62 6.13 5.91 5.85 5.71 6.03 5.94 5.92 5.91 5.60* 5.68 5.68

Global Average 9.02 9.30 9.11 9.00 9.05 8.88 8.93 8.58 8.36 8.14 7.90 7.99 7.72 7.68 7.52 7.37 7.53 7.60

Q1 2011

Q3 2011

Q1 2012

Q3 2012

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Q1 2014

Q2 2014

Q3 2014

Q4 2014

Q1 2015

Q2 2015

Q3 2015

Q4 2015

Q1 2016

Q2 2016

Canada 10.31 11.87 11.08 10.06 11.03 11.09 10.97 10.79 10.31 9.50 9.31 9.52 9.34 9.31 9.08 8.05 7.80 8.01

France 8.76 11.63 11.78 11.68 10.72 10.96 10.48 10.43 10.91 10.65 10.74 10.70 7.45 7.22 7.56 6.91 6.82 6.73

Germany 10.98 12.64 11.16 10.94 10.16 9.62 9.01 9.31 8.37 8.03 7.76 8.43 7.43 7.48 7.32 7.64 8.12 8.52

Italy 7.57 8.18 7.88 7.47 7.64 7.31 7.42 7.28 7.06 6.70 6.83 6.73 6.49 6.49 6.05 6.02 6.42 6.40

Japan 17.54 16.84 15.70 16.32 16.66 18.31 16.57 15.73 14.36 14.00 13.74 13.28 13.43 13.55 12.97 11.95 12.43 12.48

Russia 2.88 2.68 2.33 2.42 2.43 2.34 2.43 2.44 2.16 1.92 1.83 2.44 2.82 2.51 1.92 1.95 2.11 2.05

UK 8.33 7.73 7.93 7.88 7.96 7.69 8.40 8.38 7.86 7.80 7.56 7.55 7.49 7.20 7.41 7.25 7.29 7.25

USA 6.67 6.93 6.91 6.80 6.75 6.65 6.42 6.18 5.80 5.78 5.92 5.97 5.92 6.30 6.04 5.93 6.03 6.06

G8 Average 8.36 8.53 8.49 8.31 8.53 9.19 8.44 8.20 7.73 7.54 7.49 7.54 7.19 7.17 7.02 6.89 7.06 7.19

Global Average 9.08 9.30 9.12 8.96 9.05 8.88 8.93 8.58 8.36 8.14 7.90 7.99 7.72 7.68 7.52 7.37 7.53 7.60

Q1

2011 Q3

2011 Q1

2012 Q3

2012 Q1

2013 Q2

2013 Q3

2013 Q4

2013 Q1

2014 Q2

2014 Q3

2014 Q4

2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 Q1

2016 Q2

2016

Australia 15.21 14.82 11.02 10.84 11.07 10.21 10.19 9.12 9.80 9.60 8.88 8.92 8.97 9.22 9.24 9.60 9.50 9.76

Brazil 6.31 11.12 13.00 5.88 8.66 6.35 5.94 9.65 6.35 4.24 5.26 4.74 5.02 5.72 7.40 6.81 6.76 6.05

Canada 10.31 11.87 11.08 10.06 11.03 11.09 10.97 10.79 10.31 9.50 9.31 9.52 9.34 9.31 9.08 8.05 7.80 8.01

France 8.76 11.63 11.78 11.68 10.72 10.96 10.48 10.43 10.91 10.65 10.74 10.70 7.45 7.22 7.56 6.91 6.82 6.73

Germany 10.98 12.64 11.16 10.94 10.16 9.62 9.01 9.31 8.37 8.03 7.76 8.43 7.43 7.48 7.32 7.64 8.12 8.52

Italy 7.57 8.18 7.88 7.47 7.64 7.31 7.42 7.28 7.06 6.70 6.83 6.73 6.49 6.49 6.05 6.02 6.42 6.40

Japan 17.54 16.84 15.70 16.32 16.66 18.31 16.57 15.73 14.36 14.00 13.74 13.28 13.43 13.55 12.97 11.95 12.43 12.48

Korea 8.28 6.36 6.73 6.65 6.49 6.20 6.43 6.08 5.98 5.99 6 6.20 6.19 6.09 5.43 5.54 5.61 5.33

Russia 2.88 2.68 2.33 2.42 2.43 2.34 2.43 2.44 2.16 1.92 1.83 2.44 2.82 2.51 1.92 1.95 2.11 2.05

Saudi Arabia 4.38 4.13 4.22 4.25 3.93 4.46 4.05 4.19 4.09 4.45 3.85 4.41 4.68 4.06 4.13 5.05 4.91 4.56

South Africa 18.29 17.73 18.77 20.56 20.72 20.69 19.29 18.16 19.80 19.56 19.54 19.76 18.00 16.79 15.19 16.59 16.20 16.72

UK 8.33 7.73 7.93 7.88 7.96 7.69 8.40 8.38 7.86 7.80 7.56 7.55 7.49 7.20 7.41 7.25 7.29 7.25

USA 6.67 6.93 6.91 6.80 6.75 6.65 6.42 6.18 5.80 5.78 5.92 5.97 5.92 6.30 6.04 5.93 6.03 6.06

G8 8.36 8.53 8.49 8.31 8.53 9.19 8.44 8.20 7.73 7.54 7.49 7.54 7.19 7.17 7.02 6.89 7.06 7.69

From G20 9.11 9.19 8.98 8.87 9.12 9.52 8.72 8.16 8.31 8.12 7.98 8.06 7.67 7.58 7.42 7.46 7.61 7.65

Global Average

9.02 9.30 9.11 9.00 9.05 8.88 8.93 8.58 8.36 8.14 7.90 7.99 7.72 7.68 7.52 7.37 7.53 7.60

Q1

2011 Q3

2011 Q1

2012 Q3

2012 Q1

2013 Q2

2013 Q3

2013 Q4

2013 Q1

2014 Q2

2014 Q3

2014 Q4

2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 Q1

2016 Q2

2016

Brazil 10.44 13.42 11.31 12.99 13.48 11.56 11.94 10.97 6.35 7.43 7.66 7.91 7.96 9.38 7.01 5.95 6.96 6.76

China 12.58 11.92 11.60 12.01 11.62 11.59 11.99 11.13 10.58 10.89 10.49 10.49 10.54 10.38 10.18 9.72 10.36 10.61

India 7.70 6.96 7.95 7.83 9.05 9.18 8.57 7.86 7.57 7.62 7.00 6.88 6.78 6.88 6.50 6.00 6.17 6.59

Indonesia 6.25 5.94 6.97 6.01 6.69 6.67 7.61 6.53 7.10 7.38 7.32 7.34 6.74 6.69 6.90 6.77 7.25 8.14

Mexico 6.58 5.97 5.86 5.56 5.31 5.67 4.41 5.29 4.48 4.51 4.48 4.37 4.62 5.30 5.59 4.75 5.09 4.97

South Africa 9.55 8.03 7.90 9.57 10.08 9.87 9.55 8.39 7.63 7.62 9.27 9.06 8.25 7.78 8.98 8.89 8.97 8.49

Turkey 9.25 8.76 8.76 7.75 7.26 8.43 7.95 7.24 7.02 7.28 6.91 6.42 6.72 6.79 6.95 6.89 6.94 6.55

To G20 9.80 9.80 9.79 10.08 10.11 9.81 10.57 8.86 8.25 8.39 8.02 7.99 7.93 8.08 7.42 7.10 7.51 7.83

Global 9.02 9.30 9.11 9.00 9.05 8.88 8.93 8.58 8.36 8.14 7.90 7.99 7.72 7.68 7.52 7.37 7.53 7.60

Q1

2011 Q3

2011 Q1

2012 Q3

2012 Q1

2013 Q2

2013 Q3

2013 Q4

2014 Q1

2014 Q2

2014 Q3

2014 Q4

2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 Q1

2016 Q2

2016

EAP 9.71 9.80 9.27 8.88 8.97 8.88 9.00 8.28 8.52 8.38 7.92 8.12 8.13 8.11 7.82 7.97 8.33 8.49

ECA 7.55 6.86 6.28 6.54 6.77 6.70 6.68 6.29 6.49 6.35 6.17 6.22 6.11 6.02 5.89 6.48 6.48 6.40

ECA (excluding Russia)

9.32 8.68 8.14 8.21 8.43 8.35 8.41 7.93 8.18 7.92 7.67 7.54 7.20 7.18 7.10 7.51 7.47 7.51

LAC 6.82 7.68 7.72 7.65 7.77 7.28 7.26 7.02 6.21 5.57 6.02 6.03 6.14 6.78 6.29 6.04 5.92 6.02

MNA 8.00 8.15 8.19 7.85 7.81 7.83 7.61 7.80 8.32 8.29 8.25 8.63 8.41 8.21 8.37 7.42 7.46 7.63

SA 6.56 6.15 6.70 6.54 7.16 7.02 7.12 6.58 6.56 6.45 5.97 5.94 5.96 5.74 5.73 5.43 5.54 5.56

SSA 12.82 12.41 12.32 12.40 12.21 12.06 12.29 12.55 11.71 11.55 11.28 11.45 10.21 9.74 9.78 9.53 9.72 9.58

Global 9.02 9.30 9.11 9.00 9.05 8.88 8.93 8.58 8.36 8.14 7.90 7.99 7.72 7.68 7.52 7.37 7.53 7.60

Abbreviations: EAP- East Asia and Pacific; ECA- Europe and Central Asia; LAC- Latin America and the Caribbean; MNA- Middle East and North Africa; SA- South Asia; SSA-Sub-Saharan Africa