What is the international money transfer index imti?

| Sunday, December 6th, 2015

What is the International Money Transfer Index (IMTI) and how is it calculated?

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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Mon-Fri 10am-6pm (EDT) is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.