Singapore

The following tables show how much it costs to remit money from Singapore to

- Bangladesh
- China
- India
- Indonesia
- Malaysia
- Pakistan
- Philippines
- Thailand

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

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Remitting from Singapore to Bangladesh

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in SGD | USD

290720

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Prime Bank (Prime Exchange Co.)	Bank	4.00	0.35	1.73	5.02	Next day	Nationwide	Aug 08, 2009
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	4.50	0.25	1.80	5.22	Next day	Nationwide	Aug 08, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	5.00	0.25	1.97	5.71	3-5 days	Nationwide	Aug 08, 2009
Brunphil (MoneyGram)	MTO	5.00	0.75	2.47	7.16	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	6.00	0.77	2.84	8.24	Less than one hour	Nationwide	Aug 08, 2009
MoneyWorld (MoneyGram)	MTO	9.00	0.75	3.85	11.16	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		4.00	0.35	1.73	5.02
Bank/MTO Average		5.00	0.25	1.97	5.71
MTO Average		6.12	0.63	2.74	7.95
Total Average		5.58	0.52	2.44	7.08
Total Average in First Quarter 2009		4.81	1.17	2.92	8.47

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	4.50	0.25	0.87	6.26	Next day	Nationwide	Aug 08, 2009
Prime Bank (Prime Exchange Co.)	Bank	4.00	0.35	0.91	6.55	Next day	Nationwide	Aug 08, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	5.00	0.25	0.94	6.77	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	6.00	0.77	1.60	11.52	Less than one hour	Nationwide	Aug 08, 2009
Brunphil (MoneyGram)	MTO	9.00	0.75	2.00	14.40	Less than one hour	Nationwide	Aug 08, 2009
MoneyWorld (MoneyGram)	MTO	9.00	0.75	2.00	14.40	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		4.00	0.35	0.91	6.55
Bank/MTO Average		5.00	0.25	0.94	6.77
MTO Average		7.12	0.63	1.62	11.66
Total Average		6.25	0.52	1.39	10.01
Total Average in First Quarter 2009		5.31	1.17	1.94	13.97

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Prime Bank (Prime Exchange Co.)	Bank	2.76	0.35	1.73	3.46	Next day	Nationwide	Aug 08, 2009
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	3.10	0.25	1.80	3.60	Next day	Nationwide	Aug 08, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	3.45	0.25	1.97	3.94	3-5 days	Nationwide	Aug 08, 2009
Brunphil (MoneyGram)	MTO	3.45	0.75	2.47	4.94	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	4.14	0.77	2.84	5.68	Less than one hour	Nationwide	Aug 08, 2009
MoneyWorld (MoneyGram)	MTO	6.21	0.75	3.85	7.70	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		2.76	0.35	1.73	3.46
Bank/MTO Average		3.45	0.25	1.97	3.94
MTO Average		4.22	0.63	2.74	5.48
Total Average		3.85	0.52	2.44	4.88
Total Average in First Quarter 2009		3.50	1.17	2.92	5.84

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	3.12	0.25	0.87	4.35	Next day	Nationwide	Aug 08, 2009
Prime Bank (Prime Exchange Co.)	Bank	2.78	0.35	0.91	4.55	Next day	Nationwide	Aug 08, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	3.47	0.25	0.94	4.70	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	4.17	0.77	1.60	8.00	Less than one hour	Nationwide	Aug 08, 2009
Brunphil (MoneyGram)	MTO	6.25	0.75	2.00	10.00	Less than one hour	Nationwide	Aug 08, 2009
MoneyWorld (MoneyGram)	MTO	6.25	0.75	2.00	10.00	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		2.78	0.35	0.91	4.55
Bank/MTO Average		3.47	0.25	0.94	4.70
MTO Average		4.95	0.63	1.62	8.10
Total Average		4.34	0.52	1.39	6.95
Total Average in First Quarter 2009		3.85	1.17	1.94	9.70

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Mustafa Forex	MTO	0.00	1.31	1.31	3.60	6 days or more	Nationwide	Feb 01, 2009
Ameer Tech Remittance (MoneyGram)	MTO	4.00	0.54	1.99	5.47	6 days or more	Nationwide	Feb 01, 2009
Prime Bank (Prime Exchange Co.)	Bank	4.00	0.54	1.99	5.47	2 days	Nationwide	Feb 01, 2009
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	4.50	0.54	2.18	6.00	Next day	Nationwide	Feb 01, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	5.00	0.54	2.36	6.49	3-5 days	Nationwide	Feb 01, 2009
MoneyWorld	MTO	5.00	0.87	2.69	7.40	Less than one hour	Nationwide	Feb 01, 2009
Western Union	MTO	6.00	1.66	3.84	10.56	Less than one hour	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	10.00	3.39	7.03	19.33	3-5 days	Nationwide	Feb 01, 2009
Bank Average		4.00	0.54	1.99	5.47
Bank/MTO Average		5.00	0.54	2.36	6.49
MTO Average		4.92	1.38	3.17	8.72
Total Average		4.81	1.17	2.92	8.03
Total Average in 2008		13.31	2.70	7.54	20.74

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Ameer Tech Remittance (MoneyGram)	MTO	4.00	0.54	1.12	7.73	6 days or more	Nationwide	Feb 01, 2009
Prime Bank (Prime Exchange Co.)	Bank	4.00	0.54	1.12	7.73	2 days	Nationwide	Feb 01, 2009
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	4.50	0.54	1.19	8.21	Next day	Nationwide	Feb 01, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	5.00	0.54	1.26	8.69	3-5 days	Nationwide	Feb 01, 2009
Mustafa Forex	MTO	0.00	1.31	1.31	9.04	6 days or more	Nationwide	Feb 01, 2009
MoneyWorld	MTO	9.00	0.87	2.17	14.97	Less than one hour	Nationwide	Feb 01, 2009
Western Union	MTO	6.00	1.66	2.53	17.46	Less than one hour	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	10.00	3.39	4.84	33.40	3-5 days	Nationwide	Feb 01, 2009
Bank Average		4.00	0.54	1.12	7.73
Bank/MTO Average		5.00	0.54	1.26	8.69
MTO Average		5.58	1.38	2.19	15.11
Total Average		5.31	1.17	1.94	13.39
Total Average in 2008		18.00	2.70	5.31	36.64

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Mustafa Forex	MTO	0.00	1.31	1.31	2.62	6 days or more	Nationwide	Feb 01, 2009
Ameer Tech Remittance (MoneyGram)	MTO	2.91	0.54	1.99	3.98	6 days or more	Nationwide	Feb 01, 2009
Prime Bank (Prime Exchange Co.)	Bank	2.91	0.54	1.99	3.98	2 days	Nationwide	Feb 01, 2009
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	3.27	0.54	2.18	4.36	Next day	Nationwide	Feb 01, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	3.64	0.54	2.36	4.72	3-5 days	Nationwide	Feb 01, 2009
MoneyWorld	MTO	3.64	0.87	2.69	5.38	Less than one hour	Nationwide	Feb 01, 2009
Western Union	MTO	4.36	1.66	3.84	7.68	Less than one hour	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	7.27	3.39	7.03	14.06	3-5 days	Nationwide	Feb 01, 2009
Bank Average		2.91	0.54	1.99	3.98
Bank/MTO Average		3.64	0.54	2.36	4.72
MTO Average		3.58	1.38	3.17	6.34
Total Average		3.50	1.17	2.92	5.84
Total Average in 2008		9.68	2.70	7.54	15.08

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Ameer Tech Remittance (MoneyGram)	MTO	2.90	0.54	1.12	5.60	6 days or more	Nationwide	Feb 01, 2009
Prime Bank (Prime Exchange Co.)	Bank	2.90	0.54	1.12	5.60	2 days	Nationwide	Feb 01, 2009
Balaka Exchange Private Ltd (National Bank of Bangladesh)	MTO	3.26	0.54	1.19	5.95	Next day	Nationwide	Feb 01, 2009
Agrani Exchange House (Agrani Bank)	Bank/MTO	3.62	0.54	1.26	6.30	3-5 days	Nationwide	Feb 01, 2009
Mustafa Forex	MTO	0.00	1.31	1.31	6.55	6 days or more	Nationwide	Feb 01, 2009
MoneyWorld	MTO	6.52	0.87	2.17	10.85	Less than one hour	Nationwide	Feb 01, 2009
Western Union	MTO	4.35	1.66	2.53	12.65	Less than one hour	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	7.25	3.39	4.84	24.20	3-5 days	Nationwide	Feb 01, 2009
Bank Average		2.90	0.54	1.12	5.60
Bank/MTO Average		3.62	0.54	1.26	6.30
MTO Average		4.05	1.38	2.19	10.95
Total Average		3.85	1.17	1.94	9.70
Total Average in 2008		13.04	2.70	5.31	26.55

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Prime Bank (Prime Exchange Co.)	Bank	4.00	2.14	3.60	9.90	1 day to Prime bank branches in Bangladesh; 3-7 days to all other banks	-	Apr 08, 2008
Balaka Exchange Private Ltd	MTO	4.50	2.14	3.78	10.40	Next day to National Bank in Bangladesh; 2-5 days to all other banks	-	Apr 08, 2008
Ameer Tech Remittance – account	MTO	4.00	2.80	4.25	11.69	3-5 work days	-	Apr 08, 2008
Western Union	MTO	6.00	3.61	5.79	15.92	15 minutes	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram)	MTO	9.00	2.80	6.07	16.69	10 minutes	-	Apr 08, 2008
Bruphil	MTO	9.00	2.80	6.07	16.69	10 minutes	-	Apr 08, 2008
MoneyWorld	MTO	25.00	2.66	11.75	32.31	2 - 5 working days	-	Apr 08, 2008
United Overseas Bank	Bank	45.00	2.66	19.02	52.30	Same day	-	Apr 08, 2008
Bank Average		24.50	2.40	11.31	31.10
MTO Average		9.58	2.80	6.28	17.27
Total Average		13.31	2.70	7.54	20.74
First Quarter 2009		4.81	1.17	2.92	8.03

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Prime Bank (Prime Exchange Co.)	Bank	4.00	2.14	2.72	18.77	1 day to Prime bank branches in Bangladesh; 3-7 days to all other banks	-	Apr 08, 2008
Balaka Exchange Private Ltd	MTO	4.50	2.14	2.79	19.25	Next day to National Bank in Bangladesh; 2-5 days to all other banks	-	Apr 08, 2008
Ameer Tech Remittance – account	MTO	4.00	2.80	3.37	23.25	3-5 work days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram)	MTO	9.00	2.80	4.10	28.29	10 minutes	-	Apr 08, 2008
Bruphil	MTO	9.00	2.80	4.10	28.29	10 minutes	-	Apr 08, 2008
Western Union	MTO	6.00	3.61	4.48	30.91	15 minutes	-	Apr 08, 2008
MoneyWorld	MTO	25.00	2.66	6.28	43.33	2 - 5 working days	-	Apr 08, 2008
United Overseas Bank	Bank	82.50	2.66	14.61	100.81	Same day	-	Apr 08, 2008
Bank Average		43.25	2.40	8.67	59.82
MTO Average		9.58	2.80	4.19	28.91
Total Average		18.00	2.70	5.31	36.64
First Quarter 2009		5.31	1.17	1.94	13.39

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Prime Bank (Prime Exchange Co.)	Bank	2.91	2.14	3.60	7.20	1 day to Prime bank branches in Bangladesh; 3-7 days to all other banks	-	Apr 08, 2008
Balaka Exchange Private Ltd	MTO	3.27	2.14	3.78	7.56	Next day to National Bank in Bangladesh; 2-5 days to all other banks	-	Apr 08, 2008
Ameer Tech Remittance – account	MTO	2.91	2.80	4.25	8.50	3-5 work days	-	Apr 08, 2008
Western Union	MTO	4.36	3.61	5.79	11.58	15 minutes	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram)	MTO	6.55	2.80	6.07	12.14	10 minutes	-	Apr 08, 2008
Bruphil	MTO	6.55	2.80	6.07	12.14	10 minutes	-	Apr 08, 2008
MoneyWorld	MTO	18.18	2.66	11.75	23.50	2 - 5 working days	-	Apr 08, 2008
United Overseas Bank	Bank	32.73	2.66	19.02	38.04	Same day	-	Apr 08, 2008
Bank Average		17.82	2.40	11.31	22.62
MTO Average		6.97	2.80	6.28	12.56
Total Average		9.68	2.70	7.54	15.08
First Quarter 2009		3.50	1.17	2.92	5.84

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Prime Bank (Prime Exchange Co.)	Bank	2.90	2.14	2.72	13.60	1 day to Prime bank branches in Bangladesh; 3-7 days to all other banks	-	Apr 08, 2008
Balaka Exchange Private Ltd	MTO	3.26	2.14	2.79	13.95	Next day to National Bank in Bangladesh; 2-5 days to all other banks	-	Apr 08, 2008
Ameer Tech Remittance – account	MTO	2.90	2.80	3.37	16.85	3-5 work days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram)	MTO	6.52	2.80	4.10	20.50	10 minutes	-	Apr 08, 2008
Bruphil	MTO	6.52	2.80	4.10	20.50	10 minutes	-	Apr 08, 2008
Western Union	MTO	4.35	3.61	4.48	22.40	15 minutes	-	Apr 08, 2008
MoneyWorld	MTO	18.12	2.66	6.28	31.40	2 - 5 working days	-	Apr 08, 2008
United Overseas Bank	Bank	59.78	2.66	14.61	73.05	Same day	-	Apr 08, 2008
Bank Average		31.34	2.40	8.67	43.35
MTO Average		6.94	2.80	4.19	20.95
Total Average		13.04	2.70	5.31	26.55
First Quarter 2009		3.85	1.17	1.94	9.70

Remitting from Singapore to China

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in SGD | USD

290720

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Cashome	MTO	9.00	1.41	4.51	13.08	3-5 days	Nationwide	Aug 08, 2009
MoneyWorld (MoneyGram)	MTO	15.00	-0.45	4.73	13.72	Less than one hour	Nationwide	Aug 08, 2009
Hanshan Money Express	MTO	18.00	0.02	6.23	18.07	Next day	Nationwide	Aug 08, 2009
Zhanguo Remittance PTE	MTO	18.00	0.02	6.23	18.07	Next day	Nationwide	Aug 08, 2009
Golden Dragon Remittance PTE Ltd.	MTO	18.00	0.15	6.35	18.42	Same day	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"*	Bank	20.36	*0.00	*7.02	*20.36	2 days	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"	Bank	20.00	0.57	7.46	21.63	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	20.00	0.57	7.46	21.63	Less than one hour	Nationwide	Aug 08, 2009
GPL	MTO	20.00	0.67	7.57	21.95	6 days or more	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	20.00	1.41	8.30	24.07	2 days	Nationwide	Aug 08, 2009
Bank of China	Bank	28.00	0.66	10.31	29.90	3-5 days	Nationwide	Aug 08, 2009
Bank Average		22.79	0.41	8.27	23.98
MTO Average		17.25	0.47	6.42	18.62
Total Average		18.76	0.46	6.93	20.10
Total Average in First Quarter 2009		15.34	0.32	5.90	17.11

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
MoneyWorld (MoneyGram)	MTO	15.00	-0.45	1.64	11.81	Less than one hour	Nationwide	Aug 08, 2009
Hanshan Money Express	MTO	18.00	0.02	2.52	18.14	Next day	Nationwide	Aug 08, 2009
Zhanguo Remittance PTE	MTO	18.00	0.02	2.52	18.14	Next day	Nationwide	Aug 08, 2009
Golden Dragon Remittance PTE Ltd.	MTO	18.00	0.15	2.65	19.08	Same day	Nationwide	Aug 08, 2009
Cashome	MTO	9.00	1.41	2.66	19.15	3-5 days	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"*	Bank	20.90	*0.00	*2.90	*20.88	2 days	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"	Bank	20.00	0.57	3.34	24.05	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	20.00	0.57	3.34	24.05	Less than one hour	Nationwide	Aug 08, 2009
GPL	MTO	20.00	0.67	3.45	24.84	6 days or more	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	20.00	1.41	4.18	30.10	2 days	Nationwide	Aug 08, 2009
Bank of China	Bank	28.00	0.66	4.55	32.76	3-5 days	Nationwide	Aug 08, 2009
Bank Average		22.97	0.41	3.60	25.92
MTO Average		17.25	0.47	2.87	20.66
Total Average		18.81	0.46	3.07	22.10
Total Average in First Quarter 2009		17.11	0.32	2.80	20.16

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Cashome	MTO	6.21	1.41	4.51	9.02	3-5 days	Nationwide	Aug 08, 2009
MoneyWorld (MoneyGram)	MTO	10.34	-0.45	4.73	9.46	Less than one hour	Nationwide	Aug 08, 2009
Hanshan Money Express	MTO	12.41	0.02	6.23	12.46	Next day	Nationwide	Aug 08, 2009
Zhanguo Remittance PTE	MTO	12.41	0.02	6.23	12.46	Next day	Nationwide	Aug 08, 2009
Golden Dragon Remittance PTE Ltd.	MTO	12.41	0.15	6.35	12.70	Same day	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"*	Bank	14.04	*0.00	*7.02	*14.04	2 days	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"	Bank	13.79	0.57	7.46	14.92	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	13.79	0.57	7.46	14.92	Less than one hour	Nationwide	Aug 08, 2009
GPL	MTO	13.79	0.67	7.57	15.14	6 days or more	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	13.79	1.41	8.30	16.60	2 days	Nationwide	Aug 08, 2009
Bank of China	Bank	19.31	0.66	10.31	20.62	3-5 days	Nationwide	Aug 08, 2009
Bank Average		15.72	0.41	8.27	16.54
MTO Average		11.90	0.47	6.42	12.84
Total Average		12.94	0.46	6.93	13.86
Total Average in First Quarter 2009		11.16	0.32	5.90	11.80

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyWorld (MoneyGram)	MTO	10.42	-0.45	1.64	8.20	Less than one hour	Nationwide	Aug 08, 2009
Hanshan Money Express	MTO	12.50	0.02	2.52	12.60	Next day	Nationwide	Aug 08, 2009
Zhanguo Remittance PTE	MTO	12.50	0.02	2.52	12.60	Next day	Nationwide	Aug 08, 2009
Golden Dragon Remittance PTE Ltd.	MTO	12.50	0.15	2.65	13.25	Same day	Nationwide	Aug 08, 2009
Cashome	MTO	6.25	1.41	2.66	13.30	3-5 days	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"*	Bank	14.51	*0.00	*2.90	*14.50	2 days	Nationwide	Aug 08, 2009
Industrial and Commercial Bank of China "Remittance Express"	Bank	13.89	0.57	3.34	16.70	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	13.89	0.57	3.34	16.70	Less than one hour	Nationwide	Aug 08, 2009
GPL	MTO	13.89	0.67	3.45	17.25	6 days or more	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	13.89	1.41	4.18	20.90	2 days	Nationwide	Aug 08, 2009
Bank of China	Bank	19.44	0.66	4.55	22.75	3-5 days	Nationwide	Aug 08, 2009
Bank Average		15.95	0.41	3.60	18.00
MTO Average		11.98	0.47	2.87	14.35
Total Average		13.06	0.46	3.07	15.35
Total Average in First Quarter 2009		12.40	0.32	2.80	14.00

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Industrial and Commercial Bank of China "Remittance Express"	Bank	2.75	0.41	1.41	3.88	3-5 days	Nationwide	Feb 02, 2009
Bank of China	Bank	10.00	0.73	4.37	12.02	2 days	Nationwide	Feb 02, 2009
MoneyWorld	MTO	15.00	-0.29	5.16	14.19	2 days	Nationwide	Feb 02, 2009
Ameer Tech Remittance (MoneyGram) cash	MTO	18.00	-0.82	5.73	15.76	6 days or more	Nationwide	Feb 02, 2009
Wealthgate Int'l	MTO	17.00	0.19	6.38	17.55	3-5 days	Nationwide	Feb 02, 2009
One Stop Remittance	MTO	20.00	0.42	7.69	21.15	3-5 days	Nationwide	Feb 02, 2009
Western Union	MTO	20.00	0.86	8.13	22.36	Less than one hour	Nationwide	Feb 02, 2009
GPL	MTO	20.00	1.08	8.35	22.96	3-5 days	Nationwide	Feb 02, 2009
Bank Average		6.38	0.57	2.89	7.95
MTO Average		18.33	0.24	6.91	19.00
Total Average		15.34	0.32	5.90	16.23
Total Average in 2008		18.22	1.23	7.86	21.62

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Industrial and Commercial Bank of China "Remittance Express"	Bank	6.90	0.41	1.41	9.73	3-5 days	Nationwide	Feb 02, 2009
Ameer Tech Remittance (MoneyGram) cash	MTO	18.00	-0.82	1.79	12.35	6 days or more	Nationwide	Feb 02, 2009
MoneyWorld	MTO	15.00	-0.29	1.88	12.97	2 days	Nationwide	Feb 02, 2009
Wealthgate Int'l	MTO	17.00	0.19	2.66	18.35	3-5 days	Nationwide	Feb 02, 2009
One Stop Remittance	MTO	20.00	0.42	3.31	22.84	3-5 days	Nationwide	Feb 02, 2009
Bank of China	Bank	20.00	0.73	3.63	25.05	2 days	Nationwide	Feb 02, 2009
Western Union	MTO	20.00	0.86	3.76	25.94	Less than one hour	Nationwide	Feb 02, 2009
GPL	MTO	20.00	1.08	3.98	27.46	3-5 days	Nationwide	Feb 02, 2009
Bank Average		13.45	0.57	2.52	17.39
MTO Average		18.33	0.24	2.90	20.01
Total Average		17.11	0.32	2.80	19.32
Total Average in 2008		18.22	1.23	3.87	26.70

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Industrial and Commercial Bank of China "Remittance Express"	Bank	2.00	0.41	1.41	2.82	3-5 days	Nationwide	Feb 02, 2009
Bank of China	Bank	7.27	0.73	4.37	8.74	2 days	Nationwide	Feb 02, 2009
MoneyWorld	MTO	10.91	-0.29	5.16	10.32	2 days	Nationwide	Feb 02, 2009
Ameer Tech Remittance (MoneyGram) cash	MTO	13.09	-0.82	5.73	11.46	6 days or more	Nationwide	Feb 02, 2009
Wealthgate Int'l	MTO	12.36	0.19	6.38	12.76	3-5 days	Nationwide	Feb 02, 2009
One Stop Remittance	MTO	14.55	0.42	7.69	15.38	3-5 days	Nationwide	Feb 02, 2009
Western Union	MTO	14.55	0.86	8.13	16.26	Less than one hour	Nationwide	Feb 02, 2009
GPL	MTO	14.55	1.08	8.35	16.70	3-5 days	Nationwide	Feb 02, 2009
Bank Average		4.64	0.57	2.89	5.78
MTO Average		13.33	0.24	6.91	13.82
Total Average		11.16	0.32	5.90	11.80
Total Average in 2008		13.25	1.23	7.86	15.72

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Industrial and Commercial Bank of China "Remittance Express"	Bank	5.00	0.41	1.41	7.05	3-5 days	Nationwide	Feb 02, 2009
Ameer Tech Remittance (MoneyGram) cash	MTO	13.04	-0.82	1.79	8.95	6 days or more	Nationwide	Feb 02, 2009
MoneyWorld	MTO	10.87	-0.29	1.88	9.40	2 days	Nationwide	Feb 02, 2009
Wealthgate Int'l	MTO	12.32	0.19	2.66	13.30	3-5 days	Nationwide	Feb 02, 2009
One Stop Remittance	MTO	14.49	0.42	3.31	16.55	3-5 days	Nationwide	Feb 02, 2009
Bank of China	Bank	14.49	0.73	3.63	18.15	2 days	Nationwide	Feb 02, 2009
Western Union	MTO	14.49	0.86	3.76	18.80	Less than one hour	Nationwide	Feb 02, 2009
GPL	MTO	14.49	1.08	3.98	19.90	3-5 days	Nationwide	Feb 02, 2009
Bank Average		9.75	0.57	2.52	12.60
MTO Average		13.29	0.24	2.90	14.50
Total Average		12.40	0.32	2.80	14.00
Total Average in 2008		13.20	1.23	3.87	19.35

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
BKK Forex	MTO	15.00	0.72	6.17	16.97	1-3 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) cash	MTO	15.00	1.01	6.47	17.79	10 minutes	-	Apr 08, 2008
MoneyWorld	MTO	16.00	1.31	7.13	19.61	3-5 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) account	MTO	18.00	1.01	7.56	20.79	10 minutes	-	Apr 08, 2008
Bank of China	Bank	20.00	0.52	7.79	21.42	3 working days	-	Apr 08, 2008
Industrial and Commercial Bank of China "Remittance Express"	Bank	20.00	0.88	8.15	22.41	2-3 working days to ICBC branches in China; 3-5 working days to other banks	-	Apr 08, 2008
Western Union	MTO	20.00	1.37	8.65	23.79	15 minutes	-	Apr 08, 2008
GPL	MTO	20.00	1.50	8.78	24.14	3 working days	-	Apr 08, 2008
One Stop Remittance	MTO	20.00	2.75	10.02	27.56	3-5 working days	-	Apr 08, 2008
Bank Average		20.00	0.70	7.97	21.92
MTO Average		17.71	1.38	7.82	21.50
Total Average		18.22	1.23	7.86	21.62
First Quarter 2009		15.34	0.32	5.90	16.23

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
BKK Forex	MTO	15.00	0.72	2.89	19.94	1-3 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) cash	MTO	15.00	1.01	3.19	22.01	10 minutes	-	Apr 08, 2008
Bank of China	Bank	20.00	0.52	3.42	23.60	3 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) account	MTO	18.00	1.01	3.62	24.98	10 minutes	-	Apr 08, 2008
MoneyWorld	MTO	16.00	1.31	3.63	25.05	3-5 working days	-	Apr 08, 2008
Industrial and Commercial Bank of China "Remittance Express"	Bank	20.00	0.88	3.78	26.08	2-3 working days to ICBC branches in China; 3-5 working days to other banks	-	Apr 08, 2008
Western Union	MTO	20.00	1.37	4.27	29.46	15 minutes	-	Apr 08, 2008
GPL	MTO	20.00	1.50	4.40	30.36	3 working days	-	Apr 08, 2008
One Stop Remittance	MTO	20.00	2.75	5.65	38.99	3-5 working days	-	Apr 08, 2008
Bank Average		20.00	0.70	3.60	24.84
MTO Average		17.71	1.38	3.95	27.26
Total Average		18.22	1.23	3.87	26.70
First Quarter 2009		17.11	0.32	2.80	19.32

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
BKK Forex	MTO	10.91	0.72	6.17	12.34	1-3 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) cash	MTO	10.91	1.01	6.47	12.94	10 minutes	-	Apr 08, 2008
MoneyWorld	MTO	11.64	1.31	7.13	14.26	3-5 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) account	MTO	13.09	1.01	7.56	15.12	10 minutes	-	Apr 08, 2008
Bank of China	Bank	14.55	0.52	7.79	15.58	3 working days	-	Apr 08, 2008
Industrial and Commercial Bank of China "Remittance Express"	Bank	14.55	0.88	8.15	16.30	2-3 working days to ICBC branches in China; 3-5 working days to other banks	-	Apr 08, 2008
Western Union	MTO	14.55	1.37	8.65	17.30	15 minutes	-	Apr 08, 2008
GPL	MTO	14.55	1.50	8.78	17.56	3 working days	-	Apr 08, 2008
One Stop Remittance	MTO	14.55	2.75	10.02	20.04	3-5 working days	-	Apr 08, 2008
Bank Average		14.55	0.70	7.97	15.94
MTO Average		12.88	1.38	7.82	15.64
Total Average		13.25	1.23	7.86	15.72
First Quarter 2009		11.16	0.32	5.90	11.80

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
BKK Forex	MTO	10.87	0.72	2.89	14.45	1-3 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) cash	MTO	10.87	1.01	3.19	15.95	10 minutes	-	Apr 08, 2008
Bank of China	Bank	14.49	0.52	3.42	17.10	3 working days	-	Apr 08, 2008
Ameer Tech Remittance (MoneyGram) account	MTO	13.04	1.01	3.62	18.10	10 minutes	-	Apr 08, 2008
MoneyWorld	MTO	11.59	1.31	3.63	18.15	3-5 working days	-	Apr 08, 2008
Industrial and Commercial Bank of China "Remittance Express"	Bank	14.49	0.88	3.78	18.90	2-3 working days to ICBC branches in China; 3-5 working days to other banks	-	Apr 08, 2008
Western Union	MTO	14.49	1.37	4.27	21.35	15 minutes	-	Apr 08, 2008
GPL	MTO	14.49	1.50	4.40	22.00	3 working days	-	Apr 08, 2008
One Stop Remittance	MTO	14.49	2.75	5.65	28.25	3-5 working days	-	Apr 08, 2008
Bank Average		14.49	0.70	3.60	18.00
MTO Average		12.84	1.38	3.95	19.75
Total Average		13.20	1.23	3.87	19.35
First Quarter 2009		12.40	0.32	2.80	14.00

Remitting from Singapore to India

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in SGD | USD

290720

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Brunphil Express	MTO	5.00	1.35	3.08	8.93	Less than one hour	Nationwide	Aug 08, 2009
Bank of India	Bank	5.00	2.35	4.07	11.80	Next day	Nationwide	Aug 08, 2009
Indian Overseas Bank	Bank	6.00	2.32	4.39	12.73	2 days	Nationwide	Aug 08, 2009
Mustafa Forex	MTO	8.00	2.29	5.05	14.64	3-5 days	Nationwide	Aug 08, 2009
State Bank of India	Bank	10.00	1.63	5.07	14.70	Same day	Nationwide	Aug 08, 2009
Cashome	MTO	9.00	2.65	5.75	16.68	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	15.00	1.59	6.77	19.63	Less than one hour	Nationwide	Aug 08, 2009
State Bank of India	Bank	15.00	1.63	6.80	19.72	3-5 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	16.00	1.59	7.11	20.62	Same day	Nationwide	Aug 08, 2009
MoneyWorld	MTO	25.00	1.14	9.76	28.30	2 days	Nationwide	Aug 08, 2009
UCO Bank	Bank	25.00	1.99	10.61	30.77	3-5 days	Nationwide	Aug 08, 2009
Bank of India	Bank	25.00	2.35	10.97	31.81	3-5 days	Nationwide	Aug 08, 2009
Bank Average		14.33	2.04	6.98	20.24
MTO Average		13.00	1.77	6.25	18.12
Total Average		13.67	1.91	6.62	19.20
Total Average in First Quarter 2009		7.20	1.83	4.44	12.88

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
State Bank of India	Bank	10.00	1.63	3.01	21.67	Same day	Nationwide	Aug 08, 2009
Brunphil Express	MTO	12.00	1.35	3.02	21.74	Less than one hour	Nationwide	Aug 08, 2009
Bank of India	Bank	5.00	2.35	3.04	21.89	Next day	Nationwide	Aug 08, 2009
Indian Overseas Bank	Bank	6.00	2.32	3.15	22.68	2 days	Nationwide	Aug 08, 2009
Mustafa Forex	MTO	8.00	2.29	3.40	24.48	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	15.00	1.59	3.68	26.50	Less than one hour	Nationwide	Aug 08, 2009
State Bank of India	Bank	15.00	1.63	3.71	26.71	3-5 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	16.00	1.59	3.82	27.50	Same day	Nationwide	Aug 08, 2009
Cashome	MTO	9.00	2.65	3.90	28.08	3-5 days	Nationwide	Aug 08, 2009
MoneyWorld	MTO	25.00	1.14	4.62	33.26	2 days	Nationwide	Aug 08, 2009
UCO Bank	Bank	25.00	1.99	5.46	39.31	3-5 days	Nationwide	Aug 08, 2009
Bank of India	Bank	25.00	2.35	5.82	41.90	3-5 days	Nationwide	Aug 08, 2009
Bank Average		14.33	2.04	4.03	29.02
MTO Average		14.17	1.77	3.74	26.93
Total Average		14.25	1.91	3.89	28.01
Total Average in First Quarter 2009		9.20	1.83	3.16	22.75

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Brunphil Express	MTO	3.45	1.35	3.08	6.16	Less than one hour	Nationwide	Aug 08, 2009
Bank of India	Bank	3.45	2.35	4.07	8.14	Next day	Nationwide	Aug 08, 2009
Indian Overseas Bank	Bank	4.14	2.32	4.39	8.78	2 days	Nationwide	Aug 08, 2009
Mustafa Forex	MTO	5.52	2.29	5.05	10.10	3-5 days	Nationwide	Aug 08, 2009
State Bank of India	Bank	6.90	1.63	5.07	10.14	Same day	Nationwide	Aug 08, 2009
Cashome	MTO	6.21	2.65	5.75	11.50	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	10.34	1.59	6.77	13.54	Less than one hour	Nationwide	Aug 08, 2009
State Bank of India	Bank	10.34	1.63	6.80	13.60	3-5 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	11.03	1.59	7.11	14.22	Same day	Nationwide	Aug 08, 2009
MoneyWorld	MTO	17.24	1.14	9.76	19.52	2 days	Nationwide	Aug 08, 2009
UCO Bank	Bank	17.24	1.99	10.61	21.22	3-5 days	Nationwide	Aug 08, 2009
Bank of India	Bank	17.24	2.35	10.97	21.94	3-5 days	Nationwide	Aug 08, 2009
Bank Average		9.89	2.04	6.98	13.96
MTO Average		8.97	1.77	6.25	12.50
Total Average		9.43	1.91	6.62	13.24
Total Average in First Quarter 2009		5.24	1.83	4.44	8.88

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
State Bank of India	Bank	6.94	1.63	3.01	15.05	Same day	Nationwide	Aug 08, 2009
Brunphil Express	MTO	8.33	1.35	3.02	15.10	Less than one hour	Nationwide	Aug 08, 2009
Bank of India	Bank	3.47	2.35	3.04	15.20	Next day	Nationwide	Aug 08, 2009
Indian Overseas Bank	Bank	4.17	2.32	3.15	15.75	2 days	Nationwide	Aug 08, 2009
Mustafa Forex	MTO	5.56	2.29	3.40	17.00	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	10.42	1.59	3.68	18.40	Less than one hour	Nationwide	Aug 08, 2009
State Bank of India	Bank	10.42	1.63	3.71	18.55	3-5 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	11.11	1.59	3.82	19.10	Same day	Nationwide	Aug 08, 2009
Cashome	MTO	6.25	2.65	3.90	19.50	3-5 days	Nationwide	Aug 08, 2009
MoneyWorld	MTO	17.36	1.14	4.62	23.10	2 days	Nationwide	Aug 08, 2009
UCO Bank	Bank	17.36	1.99	5.46	27.30	3-5 days	Nationwide	Aug 08, 2009
Bank of India	Bank	17.36	2.35	5.82	29.10	3-5 days	Nationwide	Aug 08, 2009
Bank Average		9.95	2.04	4.03	20.15
MTO Average		9.84	1.77	3.74	18.70
Total Average		9.90	1.91	3.89	19.45
Total Average in First Quarter 2009		6.67	1.83	3.16	15.80

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Mustafa Forex - draft, by mail	MTO	0.00	2.13	2.13	5.86	6 days or more	Nationwide	Feb 01, 2009
Brunphil (MG)	MTO	5.00	0.52	2.34	6.44	Less than one hour	Nationwide	Feb 01, 2009
MoneyWorld (MoneyGram)	MTO	5.00	0.83	2.65	7.29	Less than one hour	Nationwide	Feb 01, 2009
Bank of India	Bank	5.00	1.42	3.23	8.88	Same day	Nationwide	Feb 01, 2009
Indian Overseas Bank	Bank	6.00	2.13	4.31	11.85	Next day	Nationwide	Feb 01, 2009
Ameer Tech Remittance (MG) - cash	MTO	8.00	1.63	4.54	12.48	6 days or more	Nationwide	Feb 01, 2009
Western Union	MTO	9.00	1.38	4.66	12.82	Less than one hour	Nationwide	Feb 01, 2009
Mustafa Forex	MTO	8.00	2.13	5.04	13.86	3-5 days	Nationwide	Feb 01, 2009
State Bank of India	Bank	10.00	1.48	5.11	14.05	Same day	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	16.00	4.63	10.45	28.74	3-5 days	Nationwide	Feb 01, 2009
Bank Average		7.00	1.67	4.22	11.60
MTO Average		7.29	1.89	4.54	12.48
Total Average		7.20	1.83	4.44	12.21
Total Average in 2008		14.10	1.51	6.63	18.23

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Mustafa Forex - draft, by mail	MTO	0.00	2.13	2.13	14.70	6 days or more	Nationwide	Feb 01, 2009
Bank of India	Bank	5.00	1.42	2.14	14.77	Same day	Nationwide	Feb 01, 2009
Brunphil (MG)	MTO	12.00	0.52	2.26	15.59	Less than one hour	Nationwide	Feb 01, 2009
MoneyWorld (MoneyGram)	MTO	12.00	0.83	2.57	17.73	Less than one hour	Nationwide	Feb 01, 2009
Ameer Tech Remittance (MG) - cash	MTO	8.00	1.63	2.79	19.25	6 days or more	Nationwide	Feb 01, 2009
State Bank of India	Bank	10.00	1.48	2.93	20.22	Same day	Nationwide	Feb 01, 2009
Indian Overseas Bank	Bank	6.00	2.13	3.00	20.70	Next day	Nationwide	Feb 01, 2009
Mustafa Forex	MTO	8.00	2.13	3.29	22.70	3-5 days	Nationwide	Feb 01, 2009
Western Union	MTO	15.00	1.38	3.56	24.56	Less than one hour	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	16.00	4.63	6.95	47.96	3-5 days	Nationwide	Feb 01, 2009
Bank Average		7.00	1.67	2.69	18.56
MTO Average		10.14	1.89	3.36	23.18
Total Average		9.20	1.83	3.16	21.80
Total Average in 2008		18.45	1.51	4.18	28.84

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Mustafa Forex - draft, by mail	MTO	0.00	2.13	2.13	4.26	6 days or more	Nationwide	Feb 01, 2009
Brunphil (MG)	MTO	3.64	0.52	2.34	4.68	Less than one hour	Nationwide	Feb 01, 2009
MoneyWorld (MoneyGram)	MTO	3.64	0.83	2.65	5.30	Less than one hour	Nationwide	Feb 01, 2009
Bank of India	Bank	3.64	1.42	3.23	6.46	Same day	Nationwide	Feb 01, 2009
Indian Overseas Bank	Bank	4.36	2.13	4.31	8.62	Next day	Nationwide	Feb 01, 2009
Ameer Tech Remittance (MG) - cash	MTO	5.82	1.63	4.54	9.08	6 days or more	Nationwide	Feb 01, 2009
Western Union	MTO	6.55	1.38	4.66	9.32	Less than one hour	Nationwide	Feb 01, 2009
Mustafa Forex	MTO	5.82	2.13	5.04	10.08	3-5 days	Nationwide	Feb 01, 2009
State Bank of India	Bank	7.27	1.48	5.11	10.22	Same day	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	11.64	4.63	10.45	20.90	3-5 days	Nationwide	Feb 01, 2009
Bank Average		5.09	1.67	4.22	8.44
MTO Average		5.30	1.89	4.54	9.08
Total Average		5.24	1.83	4.44	8.88
Total Average in 2008		10.25	1.51	6.63	13.26

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Mustafa Forex - draft, by mail	MTO	0.00	2.13	2.13	10.65	6 days or more	Nationwide	Feb 01, 2009
Bank of India	Bank	3.62	1.42	2.14	10.70	Same day	Nationwide	Feb 01, 2009
Brunphil (MG)	MTO	8.70	0.52	2.26	11.30	Less than one hour	Nationwide	Feb 01, 2009
MoneyWorld (MoneyGram)	MTO	8.70	0.83	2.57	12.85	Less than one hour	Nationwide	Feb 01, 2009
Ameer Tech Remittance (MG) - cash	MTO	5.80	1.63	2.79	13.95	6 days or more	Nationwide	Feb 01, 2009
State Bank of India	Bank	7.25	1.48	2.93	14.65	Same day	Nationwide	Feb 01, 2009
Indian Overseas Bank	Bank	4.35	2.13	3.00	15.00	Next day	Nationwide	Feb 01, 2009
Mustafa Forex	MTO	5.80	2.13	3.29	16.45	3-5 days	Nationwide	Feb 01, 2009
Western Union	MTO	10.87	1.38	3.56	17.80	Less than one hour	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	11.59	4.63	6.95	34.75	3-5 days	Nationwide	Feb 01, 2009
Bank Average		5.07	1.67	2.69	13.45
MTO Average		7.35	1.89	3.36	16.80
Total Average		6.67	1.83	3.16	15.80
Total Average in 2008		13.37	1.51	4.18	20.90

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Bruphil (MG)	MTO	7.00	1.19	3.73	10.26	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - cash	MTO	7.00	1.25	3.80	10.45	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - account	MTO	8.00	1.25	4.16	11.44	10 minutes	-	Apr 07, 2008
Mustafa Forex	MTO	8.00	1.50	4.41	12.13	24 hours	-	Apr 07, 2008
Western Union	MTO	9.00	1.57	4.84	13.31	15 minutes	-	Apr 07, 2008
State Bank of India	Bank	10.00	1.60	5.24	14.41	Same day, can only transfer to a bank account	-	Apr 07, 2008
ICICI Bank	Bank	12.00	1.25	5.62	15.46	1 working day to ICICI; 2-4 working days to all other banks.	-	Apr 07, 2008
Mustafa Forex	MTO	15.00	1.50	6.95	19.11	3 hours	-	Apr 07, 2008
MoneyWorld	MTO	20.00	2.46	9.74	26.78	1-3 days	-	Apr 07, 2008
United Overseas Bank	Bank	45.00	1.50	17.86	49.12	Next day	-	Apr 07, 2008
Bank Average		22.33	1.45	9.57	26.32
MTO Average		10.57	1.53	5.38	14.80
Total Average		14.10	1.51	6.63	18.23
First Quarter 2009		7.20	1.83	4.44	12.21

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
Bruphil (MG)	MTO	7.00	1.19	2.20	15.18	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - cash	MTO	7.00	1.25	2.27	15.66	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - account	MTO	8.00	1.25	2.41	16.63	10 minutes	-	Apr 07, 2008
Mustafa Forex	MTO	8.00	1.50	2.66	18.35	24 hours	-	Apr 07, 2008
ICICI Bank	Bank	12.00	1.25	2.99	20.63	1 working day to ICICI; 2-4 working days to all other banks.	-	Apr 07, 2008
State Bank of India	Bank	10.00	1.60	3.05	21.04	Same day, can only transfer to a bank account	-	Apr 07, 2008
Mustafa Forex	MTO	15.00	1.50	3.67	25.32	3 hours	-	Apr 07, 2008
Western Union	MTO	15.00	1.57	3.74	25.81	15 minutes	-	Apr 07, 2008
MoneyWorld	MTO	20.00	2.46	5.36	36.98	1-3 days	-	Apr 07, 2008
United Overseas Bank	Bank	82.50	1.50	13.45	92.80	Next day	-	Apr 07, 2008
Bank Average		34.83	1.45	6.50	44.85
MTO Average		11.43	1.53	3.19	22.01
Total Average		18.45	1.51	4.18	28.84
First Quarter 2009		9.20	1.83	3.16	21.80

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bruphil (MG)	MTO	5.09	1.19	3.73	7.46	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - cash	MTO	5.09	1.25	3.80	7.60	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - account	MTO	5.82	1.25	4.16	8.32	10 minutes	-	Apr 07, 2008
Mustafa Forex	MTO	5.82	1.50	4.41	8.82	24 hours	-	Apr 07, 2008
Western Union	MTO	6.55	1.57	4.84	9.68	15 minutes	-	Apr 07, 2008
State Bank of India	Bank	7.27	1.60	5.24	10.48	Same day, can only transfer to a bank account	-	Apr 07, 2008
ICICI Bank	Bank	8.73	1.25	5.62	11.24	1 working day to ICICI; 2-4 working days to all other banks.	-	Apr 07, 2008
Mustafa Forex	MTO	10.91	1.50	6.95	13.90	3 hours	-	Apr 07, 2008
MoneyWorld	MTO	14.55	2.46	9.74	19.48	1-3 days	-	Apr 07, 2008
United Overseas Bank	Bank	32.73	1.50	17.86	35.72	Next day	-	Apr 07, 2008
Bank Average		16.24	1.45	9.57	19.14
MTO Average		7.69	1.53	5.38	10.76
Total Average		10.25	1.51	6.63	13.26
First Quarter 2009		5.24	1.83	4.44	8.88

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bruphil (MG)	MTO	5.07	1.19	2.20	11.00	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - cash	MTO	5.07	1.25	2.27	11.35	10 minutes	-	Apr 07, 2008
Ameer Tech Remittance (MG) - account	MTO	5.80	1.25	2.41	12.05	10 minutes	-	Apr 07, 2008
Mustafa Forex	MTO	5.80	1.50	2.66	13.30	24 hours	-	Apr 07, 2008
ICICI Bank	Bank	8.70	1.25	2.99	14.95	1 working day to ICICI; 2-4 working days to all other banks.	-	Apr 07, 2008
State Bank of India	Bank	7.25	1.60	3.05	15.25	Same day, can only transfer to a bank account	-	Apr 07, 2008
Mustafa Forex	MTO	10.87	1.50	3.67	18.35	3 hours	-	Apr 07, 2008
Western Union	MTO	10.87	1.57	3.74	18.70	15 minutes	-	Apr 07, 2008
MoneyWorld	MTO	14.49	2.46	5.36	26.80	1-3 days	-	Apr 07, 2008
United Overseas Bank	Bank	59.78	1.50	13.45	67.25	Next day	-	Apr 07, 2008
Bank Average		25.24	1.45	6.50	32.50
MTO Average		8.28	1.53	3.19	15.95
Total Average		13.37	1.51	4.18	20.90
First Quarter 2009		6.67	1.83	3.16	15.80

Remitting from Singapore to Indonesia

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in SGD | USD

290720

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	6.00	1.87	3.94	11.43	2 days	Nationwide	Aug 08, 2009
A-Express Remit	MTO	10.00	1.12	4.56	13.22	2 days	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	10.00	1.19	4.64	13.46	2 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	10.00	1.19	4.64	13.46	3-5 days	Nationwide	Aug 08, 2009
Brunphil Express	MTO	10.00	1.48	4.93	14.30	3-5 days	Nationwide	Aug 08, 2009
MoneyWorld	MTO	10.00	1.65	5.10	14.79	3-5 days	Nationwide	Aug 08, 2009
BNI (Bank Negara Indonesia)	Bank	10.00	2.22	5.67	16.44	Same day	Nationwide	Aug 08, 2009
BKK Forex	MTO	15.00	0.90	6.07	17.60	Next day	Nationwide	Aug 08, 2009
A-Express Remit	MTO	15.00	1.12	6.29	18.24	Same day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	15.00	1.51	6.68	19.37	6 days or more	Nationwide	Aug 08, 2009
Western Union	MTO	12.00	2.64	6.77	19.63	Less than one hour	Nationwide	Aug 08, 2009
GPL Remittance	MTO	19.00	1.51	8.06	23.37	Same day	Nationwide	Aug 08, 2009
Bank Average		10.00	2.22	5.67	16.44
MTO Average		12.00	1.47	5.61	16.27
Total Average		11.83	1.53	5.61	16.27
Total Average in First Quarter 2009		12.00	2.22	6.59	19.11

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
A-Express Remit	MTO	10.00	1.12	2.50	18.00	2 days	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	10.00	1.19	2.58	18.58	2 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	10.00	1.19	2.58	18.58	3-5 days	Nationwide	Aug 08, 2009
BTI Money Transfer	MTO	6.00	1.87	2.70	19.44	2 days	Nationwide	Aug 08, 2009
Brunphil Express	MTO	10.00	1.48	2.87	20.66	3-5 days	Nationwide	Aug 08, 2009
BKK Forex	MTO	15.00	0.90	2.98	21.46	Next day	Nationwide	Aug 08, 2009
MoneyWorld	MTO	10.00	1.65	3.04	21.89	3-5 days	Nationwide	Aug 08, 2009
A-Express Remit	MTO	15.00	1.12	3.20	23.04	Same day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	15.00	1.51	3.59	25.85	6 days or more	Nationwide	Aug 08, 2009
BNI (Bank Negara Indonesia)	Bank	10.00	2.22	3.61	25.99	Same day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	19.00	1.51	4.15	29.88	Same day	Nationwide	Aug 08, 2009
Western Union	MTO	12.00	2.64	4.30	30.96	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		10.00	2.22	3.61	25.99
MTO Average		12.00	1.47	3.14	22.61
Total Average		11.83	1.53	3.17	22.82
Total Average in First Quarter 2009		12.00	2.22	3.96	28.51

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	4.14	1.87	3.94	7.88	2 days	Nationwide	Aug 08, 2009
A-Express Remit	MTO	6.90	1.12	4.56	9.12	2 days	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	6.90	1.19	4.64	9.28	2 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	6.90	1.19	4.64	9.28	3-5 days	Nationwide	Aug 08, 2009
Brunphil Express	MTO	6.90	1.48	4.93	9.86	3-5 days	Nationwide	Aug 08, 2009
MoneyWorld	MTO	6.90	1.65	5.10	10.20	3-5 days	Nationwide	Aug 08, 2009
BNI (Bank Negara Indonesia)	Bank	6.90	2.22	5.67	11.34	Same day	Nationwide	Aug 08, 2009
BKK Forex	MTO	10.34	0.90	6.07	12.14	Next day	Nationwide	Aug 08, 2009
A-Express Remit	MTO	10.34	1.12	6.29	12.58	Same day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	10.34	1.51	6.68	13.36	6 days or more	Nationwide	Aug 08, 2009
Western Union	MTO	8.28	2.64	6.77	13.54	Less than one hour	Nationwide	Aug 08, 2009
GPL Remittance	MTO	13.10	1.51	8.06	16.12	Same day	Nationwide	Aug 08, 2009
Bank Average		6.90	2.22	5.67	11.34
MTO Average		8.28	1.47	5.61	11.22
Total Average		8.16	1.53	5.61	11.22
Total Average in First Quarter 2009		8.73	2.22	6.59	13.18

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
A-Express Remit	MTO	6.94	1.12	2.50	12.50	2 days	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	6.94	1.19	2.58	12.90	2 days	Nationwide	Aug 08, 2009
Pinoy Express (Xpress Money)	MTO	6.94	1.19	2.58	12.90	3-5 days	Nationwide	Aug 08, 2009
BTI Money Transfer	MTO	4.17	1.87	2.70	13.50	2 days	Nationwide	Aug 08, 2009
Brunphil Express	MTO	6.94	1.48	2.87	14.35	3-5 days	Nationwide	Aug 08, 2009
BKK Forex	MTO	10.42	0.90	2.98	14.90	Next day	Nationwide	Aug 08, 2009
MoneyWorld	MTO	6.94	1.65	3.04	15.20	3-5 days	Nationwide	Aug 08, 2009
A-Express Remit	MTO	10.42	1.12	3.20	16.00	Same day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	10.42	1.51	3.59	17.95	6 days or more	Nationwide	Aug 08, 2009
BNI (Bank Negara Indonesia)	Bank	6.94	2.22	3.61	18.05	Same day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	13.19	1.51	4.15	20.75	Same day	Nationwide	Aug 08, 2009
Western Union	MTO	8.33	2.64	4.30	21.50	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		6.94	2.22	3.61	18.05
MTO Average		8.33	1.47	3.14	15.70
Total Average		8.22	1.53	3.17	15.85
Total Average in First Quarter 2009		8.70	2.22	3.96	19.80

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	10.00	1.52	5.15	14.16	2 days	Nationwide	Feb 01, 2009
OFW Remittance	MTO	10.00	1.52	5.15	14.16	2 days	Nationwide	Feb 01, 2009
One Stop Remittance (BCA Bank service)	MTO	10.00	1.78	5.42	14.90	Next day	Nationwide	Feb 01, 2009
MoneyWorld	MTO	10.00	1.82	5.46	15.02	Same day	Nationwide	Feb 01, 2009
Ameer Tech (MG) - cash	MTO	10.00	2.10	5.74	15.78	6 days or more	Nationwide	Feb 01, 2009
Brunphil Express	MTO	10.00	2.85	6.49	17.85	6 days or more	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	10.00	2.85	6.49	17.85	3-5 days	Nationwide	Feb 01, 2009
Western Union	MTO	12.00	2.21	6.57	18.07	Less than one hour	Nationwide	Feb 01, 2009
BNI (Bank Negara Indonesia)	Bank	10.00	2.96	6.59	18.12	Same day	Nationwide	Feb 01, 2009
GPL Remittance	MTO	15.00	1.76	7.21	19.83	Next day	Nationwide	Feb 01, 2009
Bank Mandiri	Bank	25.00	3.10	12.19	33.52	2 days	Nationwide	Feb 01, 2009
Bank Average		17.50	3.03	9.39	25.82
MTO Average		10.78	2.05	5.97	16.42
Total Average		12.00	2.22	6.59	18.12
Total Average in 2008		12.00	1.57	5.93	16.31

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	10.00	1.52	2.97	20.49	2 days	Nationwide	Feb 01, 2009
OFW Remittance	MTO	10.00	1.52	2.97	20.49	2 days	Nationwide	Feb 01, 2009
One Stop Remittance (BCA Bank service)	MTO	10.00	1.78	3.23	22.29	Next day	Nationwide	Feb 01, 2009
MoneyWorld	MTO	10.00	1.82	3.27	22.56	Same day	Nationwide	Feb 01, 2009
Ameer Tech (MG) - cash	MTO	10.00	2.10	3.55	24.50	6 days or more	Nationwide	Feb 01, 2009
GPL Remittance	MTO	15.00	1.76	3.93	27.12	Next day	Nationwide	Feb 01, 2009
Western Union	MTO	12.00	2.21	3.95	27.26	Less than one hour	Nationwide	Feb 01, 2009
Brunphil Express	MTO	10.00	2.85	4.30	29.67	6 days or more	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	10.00	2.85	4.30	29.67	3-5 days	Nationwide	Feb 01, 2009
BNI (Bank Negara Indonesia)	Bank	10.00	2.96	4.40	30.36	Same day	Nationwide	Feb 01, 2009
Bank Mandiri	Bank	25.00	3.10	6.72	46.37	2 days	Nationwide	Feb 01, 2009
Bank Average		17.50	3.03	5.56	38.36
MTO Average		10.78	2.05	3.61	24.91
Total Average		12.00	2.22	3.96	27.32
Total Average in 2008		12.00	1.57	3.31	22.84

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	7.27	1.52	5.15	10.30	2 days	Nationwide	Feb 01, 2009
OFW Remittance	MTO	7.27	1.52	5.15	10.30	2 days	Nationwide	Feb 01, 2009
One Stop Remittance (BCA Bank service)	MTO	7.27	1.78	5.42	10.84	Next day	Nationwide	Feb 01, 2009
MoneyWorld	MTO	7.27	1.82	5.46	10.92	Same day	Nationwide	Feb 01, 2009
Ameer Tech (MG) - cash	MTO	7.27	2.10	5.74	11.48	6 days or more	Nationwide	Feb 01, 2009
Brunphil Express	MTO	7.27	2.85	6.49	12.98	6 days or more	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	7.27	2.85	6.49	12.98	3-5 days	Nationwide	Feb 01, 2009
Western Union	MTO	8.73	2.21	6.57	13.14	Less than one hour	Nationwide	Feb 01, 2009
BNI (Bank Negara Indonesia)	Bank	7.27	2.96	6.59	13.18	Same day	Nationwide	Feb 01, 2009
GPL Remittance	MTO	10.91	1.76	7.21	14.42	Next day	Nationwide	Feb 01, 2009
Bank Mandiri	Bank	18.18	3.10	12.19	24.38	2 days	Nationwide	Feb 01, 2009
Bank Average		12.73	3.03	9.39	18.78
MTO Average		7.84	2.05	5.97	11.94
Total Average		8.73	2.22	6.59	13.18
Total Average in 2008		8.73	1.57	5.93	11.86

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	7.25	1.52	2.97	14.85	2 days	Nationwide	Feb 01, 2009
OFW Remittance	MTO	7.25	1.52	2.97	14.85	2 days	Nationwide	Feb 01, 2009
One Stop Remittance (BCA Bank service)	MTO	7.25	1.78	3.23	16.15	Next day	Nationwide	Feb 01, 2009
MoneyWorld	MTO	7.25	1.82	3.27	16.35	Same day	Nationwide	Feb 01, 2009
Ameer Tech (MG) - cash	MTO	7.25	2.10	3.55	17.75	6 days or more	Nationwide	Feb 01, 2009
GPL Remittance	MTO	10.87	1.76	3.93	19.65	Next day	Nationwide	Feb 01, 2009
Western Union	MTO	8.70	2.21	3.95	19.75	Less than one hour	Nationwide	Feb 01, 2009
Brunphil Express	MTO	7.25	2.85	4.30	21.50	6 days or more	Nationwide	Feb 01, 2009
Pinoy Express (Xpress Money)	MTO	7.25	2.85	4.30	21.50	3-5 days	Nationwide	Feb 01, 2009
BNI (Bank Negara Indonesia)	Bank	7.25	2.96	4.40	22.00	Same day	Nationwide	Feb 01, 2009
Bank Mandiri	Bank	18.12	3.10	6.72	33.60	2 days	Nationwide	Feb 01, 2009
Bank Average		12.68	3.03	5.56	27.80
MTO Average		7.81	2.05	3.61	18.05
Total Average		8.70	2.22	3.96	19.80
Total Average in 2008		8.70	1.57	3.31	16.55

275690

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
MoneyWorld	MTO	10.00	0.90	4.54	12.48	Next day	-	Apr 08, 2008
Ameer Tech (MG) - account	MTO	10.00	1.10	4.73	13.01	10 minutes	-	Apr 08, 2008
Ameer Tech (MG) - cash	MTO	10.00	1.10	4.73	13.01	10 minutes	-	Apr 08, 2008
BTI Money Transfer	MTO	10.00	1.50	5.14	14.14	Next day	-	Apr 08, 2008
Singapore Post (Cashome)	Post office	10.00	1.57	5.21	14.33	Next day	-	Apr 08, 2008
One Stop Remittance	MTO	10.00	1.65	5.29	14.55	1-3 working days	-	Apr 08, 2008
BNI (Bank Negara Indonesia)	Bank	10.00	2.19	5.83	16.03	Same day to branches of BNI in Indonesia; 5 days to all other banks	-	Apr 08, 2008
Brunphil Express	MTO	10.00	2.40	6.04	16.61	1-5 days	-	Apr 08, 2008
Western Union	MTO	12.00	2.04	6.41	17.63	15 minutes	-	Apr 08, 2008
GPL Remittance	MTO	15.00	1.80	7.26	19.96	1-2 working days	-	Apr 08, 2008
Bank Mandiri	Bank	25.00	1.02	10.11	27.80	Next day. However, money can only be sent to branches of Mandiri Bank	-	Apr 08, 2008
Bank Average		17.50	1.61	7.97	21.92
MTO Average		10.88	1.56	5.52	15.18
Post office Average		10.00	1.57	5.21	14.33
Total Average		12.00	1.57	5.93	16.31
First Quarter 2009		12.00	2.22	6.59	18.12

	Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
MoneyWorld	MTO	10.00	0.90	2.35	16.22	Next day	-	Apr 08, 2008
Ameer Tech (MG) - account	MTO	10.00	1.10	2.55	17.60	10 minutes	-	Apr 08, 2008
Ameer Tech (MG) - cash	MTO	10.00	1.10	2.55	17.60	10 minutes	-	Apr 08, 2008
BTI Money Transfer	MTO	10.00	1.50	2.95	20.36	Next day	-	Apr 08, 2008
Singapore Post (Cashome)	Post office	10.00	1.57	3.02	20.84	Next day	-	Apr 08, 2008
One Stop Remittance	MTO	10.00	1.65	3.10	21.39	1-3 working days	-	Apr 08, 2008
BNI (Bank Negara Indonesia)	Bank	10.00	2.19	3.64	25.12	Same day to branches of BNI in Indonesia; 5 days to all other banks	-	Apr 08, 2008
Western Union	MTO	12.00	2.04	3.78	26.08	15 minutes	-	Apr 08, 2008
Brunphil Express	MTO	10.00	2.40	3.85	26.56	1-5 days	-	Apr 08, 2008
GPL Remittance	MTO	15.00	1.80	3.98	27.46	1-2 working days	-	Apr 08, 2008
Bank Mandiri	Bank	25.00	1.02	4.64	32.02	Next day. However, money can only be sent to branches of Mandiri Bank	-	Apr 08, 2008
Bank Average		17.50	1.61	4.14	28.57
MTO Average		10.88	1.56	3.14	21.67
Post office Average		10.00	1.57	3.02	20.84
Total Average		12.00	1.57	3.31	22.84
First Quarter 2009		12.00	2.22	3.96	27.32

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyWorld	MTO	7.27	0.90	4.54	9.08	Next day	-	Apr 08, 2008
Ameer Tech (MG) - account	MTO	7.27	1.10	4.73	9.46	10 minutes	-	Apr 08, 2008
Ameer Tech (MG) - cash	MTO	7.27	1.10	4.73	9.46	10 minutes	-	Apr 08, 2008
BTI Money Transfer	MTO	7.27	1.50	5.14	10.28	Next day	-	Apr 08, 2008
Singapore Post (Cashome)	Post office	7.27	1.57	5.21	10.42	Next day	-	Apr 08, 2008
One Stop Remittance	MTO	7.27	1.65	5.29	10.58	1-3 working days	-	Apr 08, 2008
BNI (Bank Negara Indonesia)	Bank	7.27	2.19	5.83	11.66	Same day to branches of BNI in Indonesia; 5 days to all other banks	-	Apr 08, 2008
Brunphil Express	MTO	7.27	2.40	6.04	12.08	1-5 days	-	Apr 08, 2008
Western Union	MTO	8.73	2.04	6.41	12.82	15 minutes	-	Apr 08, 2008
GPL Remittance	MTO	10.91	1.80	7.26	14.52	1-2 working days	-	Apr 08, 2008
Bank Mandiri	Bank	18.18	1.02	10.11	20.22	Next day. However, money can only be sent to branches of Mandiri Bank	-	Apr 08, 2008
Bank Average		12.73	1.61	7.97	15.94
MTO Average		7.91	1.56	5.52	11.04
Post office Average		7.27	1.57	5.21	10.42
Total Average		8.73	1.57	5.93	11.86
First Quarter 2009		8.73	2.22	6.59	13.18

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyWorld	MTO	7.25	0.90	2.35	11.75	Next day	-	Apr 08, 2008
Ameer Tech (MG) - account	MTO	7.25	1.10	2.55	12.75	10 minutes	-	Apr 08, 2008
Ameer Tech (MG) - cash	MTO	7.25	1.10	2.55	12.75	10 minutes	-	Apr 08, 2008
BTI Money Transfer	MTO	7.25	1.50	2.95	14.75	Next day	-	Apr 08, 2008
Singapore Post (Cashome)	Post office	7.25	1.57	3.02	15.10	Next day	-	Apr 08, 2008
One Stop Remittance	MTO	7.25	1.65	3.10	15.50	1-3 working days	-	Apr 08, 2008
BNI (Bank Negara Indonesia)	Bank	7.25	2.19	3.64	18.20	Same day to branches of BNI in Indonesia; 5 days to all other banks	-	Apr 08, 2008
Western Union	MTO	8.70	2.04	3.78	18.90	15 minutes	-	Apr 08, 2008
Brunphil Express	MTO	7.25	2.40	3.85	19.25	1-5 days	-	Apr 08, 2008
GPL Remittance	MTO	10.87	1.80	3.98	19.90	1-2 working days	-	Apr 08, 2008
Bank Mandiri	Bank	18.12	1.02	4.64	23.20	Next day. However, money can only be sent to branches of Mandiri Bank	-	Apr 08, 2008
Bank Average		12.68	1.61	4.14	20.70
MTO Average		7.88	1.56	3.14	15.70
Post office Average		7.25	1.57	3.02	15.10
Total Average		8.70	1.57	3.31	16.55
First Quarter 2009		8.70	2.22	3.96	19.80

Remitting from Singapore to Malaysia

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in SGD | USD

290720

				Total cost
Firm name	Firm type	Fee (SGD)	Exchange rate margin (%)	Percent (%)	SGD	Transfer speed	Network Coverage	Date
BTI Money Transfer	MTO	8.00	0.21	2.96	8.58	2 days	Nationwide	Aug 08, 2009
OFW Remittance	MTO	8.00	0.32	3.08	8.93	2 days	Nationwide	Aug 08, 2009
One Stop Remittance	MTO	10.00	0.00	3.45	10.01	2 days	Nationwide	Aug 08, 2009
Wealthgate Int'l	MTO	10.00	0.20	3.65	10.58	Next day	Nationwide	Aug 08, 2009
BKK Forex	MTO	10.00	0.21	3.65	10.58	Next day	Nationwide	Aug 08, 2009
GPL Remittance	MTO	10.00	0.41	3.86	11.19	6 days or more	Nationwide	Aug 08, 2009
Cashome	MTO	9.00	1.44	4.54	13.17	3-5 days	Nationwide	Aug 08, 2009
Brunphil Express	MTO	10.00	1.55	5.00	14.50	2 days	Nationwide	Aug 08, 2009
MoneyWorld	MTO	15.00	0.73	5.90	17.11	2 days	Nationwide	Aug 08, 2009
Western Union	MTO	12.00	1.85	5.99	17.37	Less than one hour	Nationwide	Aug 08, 2009
Maybank	Bank	30.00	1.19	11.54	33.47	Same day	Nationwide	Aug 08, 2009
Bank Average		30.00	1.19	11.54	33.47
MTO Average		10.20	0.69	4.21	12.21
Total Average		12.00	0.74	4.87	14.12
Total Average in First Quarter 2009		10.73	1.33	5.23	15.17

200500

				Total cost
Firm name	Firm type	Fee