Remitting from Singapore to Bangladesh

The following table shows how much it costs to remit money from Singapore To Bangladesh. Click on column headings to sort the data.

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.

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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

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