The FXcompared International Money Transfer Index™ (IMTI™) provides a measure of the cost of international bank-to-bank money transfers from countries around the world such as Australia, Canada, the UK and US. The IMTI is of help to those who are looking to better understand the costs of transferring money internationally.
We provide a detailed full methodology on how the IMTI is captured and updated. The rates thats banks charge for international money transfers differ across countries and across transaction sizes. Our methodology pages as well as our reports break this out.
The IMTI is updated monthly and the numbers shown on FXcompared are based on the latest data collected. A estimate is also calculated for other countries globally for use on FXcompared where data for that country was not collected or available. Our analysis suggested that estimations will typically under-estimate the true bank cost - for example the costs of exchanging a more exotic currency will be higher than a core currency pair such as GBP to USD.
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