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


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


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 A summary report and dataset can be requested using the form below.

IMTI™ Data Request Form

Thank you for your interest in FXC Intelligence and the IMTI™ data. Please visit our data site where you can obtain more information. 

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

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Currency Analysis Tool - conduct an audit of historical transactions 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.