Azerbaijan vs Malaysia: Average transaction cost of sending remittances to a specific country
Azerbaijan
1.3%
in 2021
Malaysia
1.0%
in 2023
Azerbaijan rank
89th
Malaysia rank
92nd
Average transaction cost of sending remittances to a specific country over time
- Azerbaijan
- Malaysia
How they compare
Azerbaijan currently reports 1.3% against 1.0% in Malaysia, a difference of 0.3%.
That makes Azerbaijan's figure about 1.4 times Malaysia's.
The two have swapped places 3 times across 6 shared years of data; in 2016 it was Malaysia ahead.
Azerbaijan ranks 89th and Malaysia ranks 92nd of 100 countries.
Across the 2 decades both report, Azerbaijan averaged higher in 1 and Malaysia in 1.
Head to head by decade
| Decade | Azerbaijan | Malaysia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 1.2% | 3.5% | 2.3% | Malaysia |
| 2020s | 1.2% | 1.1% | 0.1% | Azerbaijan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances to a specific country, Azerbaijan or Malaysia?
- Azerbaijan, at 1.3% against 1.0% in Malaysia as of 2021.
- What is the difference in average transaction cost of sending remittances to a specific country between Azerbaijan and Malaysia?
- 0.3%, with Azerbaijan ahead.
- How many years of comparable data are there for Azerbaijan and Malaysia?
- 6 years are reported by both, from 2016 to 2021.
- How do Azerbaijan and Malaysia rank globally for average transaction cost of sending remittances to a specific country?
- Azerbaijan ranks 89th and Malaysia ranks 92nd of 100 countries.
- Where does this data come from?
- Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances to 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 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.