Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from SINGAPORE to PAKISTAN

Data collected on: Aug 17, 2022-Sep 07, 2022
SGD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (SGD)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
2.461.89
Exchange rate margin (%)
0.56
Percentage difference between market reference rate 159.38 and exchange rate charged 158.480.56
Total cost (%)
1.511.51
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.933.02
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.07
Exchange rate margin (%)
0.70
Percentage difference between market reference rate 158.79 and exchange rate charged 157.680.70
Total cost (%)
2.242.24
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.824.48
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.07
Exchange rate margin (%)
0.85
Percentage difference between market reference rate 159.37 and exchange rate charged 158.020.85
Total cost (%)
2.382.38
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.194.76
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
1.991.53
Exchange rate margin (%)
1.77
Percentage difference between market reference rate 158.75 and exchange rate charged 155.941.77
Total cost (%)
2.542.54
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.605.08
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 159.88 and exchange rate charged 157.801.30
Total cost (%)
3.223.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.376.44
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
1.81
Percentage difference between market reference rate 158.75 and exchange rate charged 155.871.81
Total cost (%)
3.733.73
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.707.46
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
11.799.07
Exchange rate margin (%)
0.70
Percentage difference between market reference rate 158.79 and exchange rate charged 157.680.70
Total cost (%)
5.245.24
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.6210.48
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
10.808.31
Exchange rate margin (%)
1.77
Percentage difference between market reference rate 158.75 and exchange rate charged 155.941.77
Total cost (%)
5.925.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.3911.84
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.808.31
Exchange rate margin (%)
1.81
Percentage difference between market reference rate 158.75 and exchange rate charged 155.871.81
Total cost (%)
5.965.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.5011.92
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
8.21
Percentage difference between market reference rate 155.09 and exchange rate charged 142.368.21
Total cost (%)
8.218.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
21.3516.42
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
10.80
Percentage difference between market reference rate 155.09 and exchange rate charged 138.3310.80
Total cost (%)
11.9611.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
31.1023.92
Total Average Third Quarter
4.814.81
Total Average Second Quarter
3.893.89
Total Average
Fee
5.354.11
Exchange Rate Margin (%)
2.752.75
Total Cost Percent (%)
4.814.81
Total Cost (SGD) Total Cost (USD)
12.519.62
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 6 days or more
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)sort descendingTotal cost (USD)sort descending
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.09
Exchange rate margin (%)
0.70
Percentage difference between market reference rate 158.79 and exchange rate charged 157.680.70
Total cost (%)
1.321.32
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.516.60
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
4.953.84
Exchange rate margin (%)
0.56
Percentage difference between market reference rate 159.38 and exchange rate charged 158.490.56
Total cost (%)
1.331.33
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.586.65
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.09
Exchange rate margin (%)
0.85
Percentage difference between market reference rate 159.37 and exchange rate charged 158.020.85
Total cost (%)
1.471.47
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.487.35
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 159.88 and exchange rate charged 157.801.30
Total cost (%)
2.082.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.4210.40
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
1.991.54
Exchange rate margin (%)
1.77
Percentage difference between market reference rate 158.75 and exchange rate charged 155.941.77
Total cost (%)
2.082.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.4210.40
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
1.81
Percentage difference between market reference rate 158.75 and exchange rate charged 155.871.81
Total cost (%)
2.582.58
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.6412.90
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.3418.09
Exchange rate margin (%)
0.70
Percentage difference between market reference rate 158.79 and exchange rate charged 157.680.70
Total cost (%)
4.324.32
Total cost (SGD)sort descendingTotal cost (USD)sort descending
27.8621.60
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
22.3517.33
Exchange rate margin (%)
1.77
Percentage difference between market reference rate 158.75 and exchange rate charged 155.941.77
Total cost (%)
5.245.24
Total cost (SGD)sort descendingTotal cost (USD)sort descending
33.8026.20
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
22.3517.33
Exchange rate margin (%)
1.81
Percentage difference between market reference rate 158.75 and exchange rate charged 155.871.81
Total cost (%)
5.285.28
Total cost (SGD)sort descendingTotal cost (USD)sort descending
34.0626.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
8.21
Percentage difference between market reference rate 155.09 and exchange rate charged 142.368.21
Total cost (%)
8.218.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
52.9541.05
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
10.80
Percentage difference between market reference rate 155.09 and exchange rate charged 138.3310.80
Total cost (%)
11.4311.43
Total cost (SGD)sort descendingTotal cost (USD)sort descending
73.7257.15
Total Average Third Quarter
4.124.12
Total Average Second Quarter
3.473.47
Total Average
Fee
8.816.83
Exchange Rate Margin (%)
2.752.75
Total Cost Percent (%)
4.124.12
Total Cost (SGD) Total Cost (USD)
26.5920.61
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 6 days or more
Bank account Cash
Least Costly Corridors To Pakistan
Least Costly Corridors From Singapore
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