Remittances between Spain and Colombia were noticeably more expensive when using bank account transfers than other payment instruments available. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia, but then specifically sent from Spain.
Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, by remittance instrument
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), & FXC Intelligence, & Statista. (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, by remittance instrument [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455145/cost-sending-low-value-remittances-spain-to-colombia-by-brand/
World Bank (Remittance Prices Worldwide), und FXC Intelligence, und Statista. "Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, by remittance instrument." Chart. July 6, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455145/cost-sending-low-value-remittances-spain-to-colombia-by-brand/
World Bank (Remittance Prices Worldwide), FXC Intelligence, Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, by remittance instrument. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455145/cost-sending-low-value-remittances-spain-to-colombia-by-brand/
World Bank (Remittance Prices Worldwide), and FXC Intelligence, and Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances between Spain and Colombia as of 1st Quarter of 2024, by Remittance Instrument." Statista, Statista Inc., 6 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455145/cost-sending-low-value-remittances-spain-to-colombia-by-brand/
World Bank (Remittance Prices Worldwide) & FXC Intelligence & Statista, Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, by remittance instrument Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455145/cost-sending-low-value-remittances-spain-to-colombia-by-brand/ (last visited November 10, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 1st quarter of 2024, by remittance instrument [Graph], World Bank (Remittance Prices Worldwide), & FXC Intelligence, & Statista, July 6, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455145/cost-sending-low-value-remittances-spain-to-colombia-by-brand/
