Remittance fees from Exact Change on the Spain to Colombia corridor were more than double than those from MoneyGram. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia, but then specifically those that were sent from Spain.
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Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor
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Figures are based on the number of remittance channels that exist in a remittance sending and/or receiving country, due to limited information on remittance transactions - be it the value or the number of transactions; From Q3 2024 onwards, the source removed Small World from its tracking - as this company entered administration in July 2024.
Supplementary notes
The figures have been collected and calculated by Statista.
The source did not provide figures from before 2011.
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World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor [Graph]. In Statista. Retrieved June 27, 2025, from https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide), und Statista, und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor." Chart. July 6, 2024. Statista. Accessed June 27, 2025. https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide), Statista, FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor. Statista. Statista Inc.. Accessed: June 27, 2025. https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide), and Statista, and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances between Spain and Colombia as of 1st Quarter of 2024, among The Most Used Brands in This Corridor." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide) & Statista & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor Statista, https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/ (last visited June 27, 2025)
Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, among the most used brands in this corridor [Graph], World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
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