Malaysia vs Russia: Average transaction cost of sending remittances from a specific
Malaysia
2.0%
in 2023
Russia
1.7%
in 2021
Malaysia rank
39th
Russia rank
42nd
Average transaction cost of sending remittances from a specific over time
- Malaysia
- Russia
How they compare
Malaysia currently reports 2.0% against 1.7% in Russia, a difference of 0.3%.
That makes Malaysia's figure about 1.2 times Russia's.
The two have swapped places 1 time across 6 shared years of data; in 2016 it was Malaysia ahead.
Malaysia ranks 39th and Russia ranks 42nd of 44 countries.
Across the 2 decades both report, Malaysia averaged higher in 1 and Russia in 1.
Head to head by decade
| Decade | Malaysia | Russia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.9% | 2.3% | 1.6% | Malaysia |
| 2020s | 1.8% | 1.9% | 0.1% | Russia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Malaysia or Russia?
- Malaysia, at 2.0% against 1.7% in Russia as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Malaysia and Russia?
- 0.3%, with Malaysia ahead.
- How many years of comparable data are there for Malaysia and Russia?
- 6 years are reported by both, from 2016 to 2021.
- How do Malaysia and Russia rank globally for average transaction cost of sending remittances from a specific?
- Malaysia ranks 39th and Russia ranks 42nd of 44 countries.
- Where does this data come from?
- Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances from a specific country (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.