Quarterly cost of sending 500 USD worth of remittances towards Colombia 2011-2023
Remitting 500 USD towards Colombia incurred an average cost of roughly 4.2 percent over the course of 2023, a slight increase when compared to the previous year. The cost of sending money to the Latin American country was at its highest in 2015, and generally declined since then. The source adds that incoming remittances to Colombia were more expensive than the average for the G20 countries, which was estimated at 4.41 percent for sending money worth 500 U.S. dollars.