home3 fxcompared-logo-footer twitter-square facebook-square linkedin-square google-plus-square

International Money Transfer Index - IMTI

| Wednesday, March 1st, 2017

FXcompared Intelligence IMTI coverage

The FXcompared International Money Transfer Index™ (IMTI™) provides a measure of the cost of international bank-to-bank money transfers from Australia, Canada, France Germany, Spain, the UK and US. The IMTI™ and is now established in the sector having been started in early 2015. The latest additions for 2017 include France, Germany and Spain.


To find our more about our API feed or to obtain the latest data please use request form below.


"New Index Promises Greater Foreign Exchange Transparency" - Forbes

"The first detailed study of the market" - Reuters

BENEFITS

Drive Decision Making for Product Pricing

The IMTI™ is available to help banks, non-bank money transfer providers and customers to better understand the industry. The IMTI will make it much easier for customers to understand month-to-month pricing dynamics and to price their own money transfer products

Allow Cross-Country Comparisons

The IMTI™ also allows comparisons between Australia, Canada, the UK and US with more countries likely to follow.

Provide Timely Data

The FXcompared IMTI™ is updated every month. Higher frequency data is also available.

Who uses the IMTI™

Banks, money transfer providers, payments companies, credit card companies, Federal Reserve Banks, Corporates, Consultancies

METHODOLOGY

To construct the IMTI™, FXcompared collects data on banks’ fees and foreign exchange (FX) margins monthly through mystery shopping on transactions of multiple sizes from modest-sized transactions to large consumer transactions (for example corresponding to USD1,000 to USD1m; see Methods). The fees and transaction costs are rebased to a common currency for ease of comparison across countries (i.e. USD1,000, USD10,000, GBP1,000 and GBP10,000). The rates banks charge customers for international money transfers are quite different across countries and across transaction sizes. Detailed methodology is here.

 

Press Releases

22 Mar 2016 - Britain sees sharp drop in bank charges since December, but are still 3x charges of currency specialists

19 Nov 2015 - FXcompared Launches Industry-First International Money Transfer Index™


Please contact FXcompared if you would like more information on the full dataset and licensing opportunities at IMTI@fxcompared.com. A summary report and dataset can be requested using the form below.

Product Offering

Country Number of Banks Retail Coverage Commercial Coverage Base Currency Currency Pair Coverage

Australia

10 Yes No AUD

USD, EUR, GBP, CAD, RMB, INR

Canada 5 Yes Yes CAD USD, EUR, GBP
France 8 Yes No EUR USD, GBP
Germany 6 Yes No EUR USD, GBP
Spain 7 Yes No EUR USD, GBP, AUD, CAD, MXP
UK 11 Yes Yes GBP USD, EUR, AUD
US 15 Yes Yes USD GBP, EUR, AUD, CAD

 

 

 

IMTI™ Data Request Form

Thank you for your interest in FXcompared Intelligence and the IMTI™ data. Please fill out all fields marked with asterisks in the form below to be able to receive a free summary report. 

Note: This information will be used to respond to your request. Please refer to our privacy policy and terms and conditions for more details.


Our Intelligence Services

See how we can help here

Popular Reports

Money Transfer Industry Report 2016

International Money Transfer Index™ (IMTI™) - Reports and licensing details

UK Consumer Money Transfer Report



Weekly Newsletter Sign-up

New data, new research, every week:



Money Transfer Comparison

Read about money transfer

Use our Currency Tools

Currency Volatility Tool - assess the impact of currency risk

Currency Analysis Tool - conduct an audit of historical transactions

The website and the information it provides on this site is for informational purposes only, and does not constitute an offer or solicitation to sell shares or securities. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this website and its contents do not constitute investment advice or counsel or solicitation for investment in any security. This website and its contents should not form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. 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: reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.