Latin America & Caribbean: cost of remitting 200 U.S. dollars 2016-2020

The cost of sending 200 U.S. dollars in remittances to Latin America and the Caribbean in the fourth quarter of 2020 was an average of 5.56 percent of the total transfer value, down from 5.83 percent reported in the previous quarter. Within the given timespan, the cost of remitting 200 U.S. dollars to this region was highest in the last quarter of 2018, at approximately 6.34 percent. In 2019, the average value of a remittance received in Mexico was 325.7 U.S. dollars.