Kenya - Transaction costs

Average transaction cost of sending remittances to a specific country (%)

Average transaction cost of sending remittances to a specific country (%) in Kenya was 8.45 as of 2020. Its highest value over the past 9 years was 13.10 in 2011, while its lowest value was 7.68 in 2019.

Definition: Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.

Source: World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org

See also:

Year Value
2011 13.10
2012 12.21
2013 12.37
2014 10.42
2015 8.83
2016 8.98
2017 7.93
2018 8.36
2019 7.68
2020 8.45

Average transaction cost of sending remittances from a specific country (%)

Average transaction cost of sending remittances from a specific country (%) in Kenya was 9.54 as of 2020. Its highest value over the past 9 years was 11.31 in 2019, while its lowest value was 8.75 in 2014.

Definition: Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.

Source: World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org

See also:

Year Value
2011 9.72
2012 10.03
2013 9.25
2014 8.75
2015 11.04
2016 10.26
2017 9.48
2018 11.12
2019 11.31
2020 9.54

Classification

Topic: Financial Sector Indicators

Sub-Topic: Access