Remitting towards Mexico incurred an average cost of roughly 4.6 percent over the course of 2023, an increase when compared to the previous year. The cost of sending money to the country was at its highest in 2012, and generally declined before increasing in the middle of 2018. The source adds that incoming remittances to Mexico was cheaper than the average for the G20 countries, which was estimated at 5.62 percent for sending money worth 200 U.S. dollars.
Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 3rd quarter of 2023
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence. (January 11, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 3rd quarter of 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1020612/mexico-cost-sending-200-us-dollars-remittances/
World Bank (Remittance Prices Worldwide), und Statista, und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 3rd quarter of 2023." Chart. January 11, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1020612/mexico-cost-sending-200-us-dollars-remittances/
World Bank (Remittance Prices Worldwide), Statista, FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 3rd quarter of 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1020612/mexico-cost-sending-200-us-dollars-remittances/
World Bank (Remittance Prices Worldwide), and Statista, and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Mexico from The Rest of The World from 1st Quarter of 2011 to 3rd Quarter of 2023." Statista, Statista Inc., 11 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1020612/mexico-cost-sending-200-us-dollars-remittances/
World Bank (Remittance Prices Worldwide) & Statista & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 3rd quarter of 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1020612/mexico-cost-sending-200-us-dollars-remittances/ (last visited November 10, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 3rd quarter of 2023 [Graph], World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence, January 11, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1020612/mexico-cost-sending-200-us-dollars-remittances/
