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RePEcTrading, Microstructure & Execution

How Costly Are Cross-Border Payments for Firms?

Analysis of quoted prices reveals that banks charge firms 2-3.5% for cross-border payments, with foreign exchange margins dominating costs and substantial price dispersion across banks for identical corridors.

Featured in No. 138 on 6 Nov 2026 · 4 days after release

Density distributions of pricing dispersion by transfer amount across banks, showing variation by corridor and payment size.
Figure 3: Within-Corridor Pricing Dispersion by Transfer Amount
Released
2 Nov 2026
First featured
No. 138 · 6 Nov 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
2 of 5
Identifier
RePEc:bca:bocsap:26-49
Authors
Jiaqi Li

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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