Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from SINGAPORE to PAKISTAN

Data collected on: Feb 20, 2023-Feb 26, 2023
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
2.782.14
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 195.85 and exchange rate charged 194.450.71
Total cost (%)
1.781.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.633.56
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 (%)
1.45
Percentage difference between market reference rate 195.83 and exchange rate charged 193.001.45
Total cost (%)
2.222.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.774.44
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 (%)
1.16
Percentage difference between market reference rate 192.88 and exchange rate charged 190.631.16
Total cost (%)
3.083.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.016.16
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
3.393.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.816.78
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
3.393.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.816.78
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 195.83 and exchange rate charged 192.921.49
Total cost (%)
3.413.41
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.876.82
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 (%)
1.45
Percentage difference between market reference rate 195.83 and exchange rate charged 193.001.45
Total cost (%)
5.605.60
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.5611.20
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.808.31
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 195.83 and exchange rate charged 192.921.49
Total cost (%)
5.645.64
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.6611.28
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
6.396.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.6112.78
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
6.396.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.6112.78
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.54
Exchange rate margin (%)
7.96
Percentage difference between market reference rate 195.68 and exchange rate charged 178.767.96
Total cost (%)
8.738.73
Total cost (SGD)sort descendingTotal cost (USD)sort descending
22.7017.46
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.54
Exchange rate margin (%)
7.96
Percentage difference between market reference rate 195.68 and exchange rate charged 178.767.96
Total cost (%)
8.738.73
Total cost (SGD)sort descendingTotal cost (USD)sort descending
22.7017.46
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
10.56
Percentage difference between market reference rate 195.68 and exchange rate charged 173.7110.56
Total cost (%)
11.7111.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
30.4523.42
Total Average First Quarter
5.425.42
Total Average Fourth Quarter 2022
3.983.98
Total Average
Fee
5.764.43
Exchange Rate Margin (%)
3.213.21
Total Cost Percent (%)
5.425.42
Total Cost (SGD) Total Cost (USD)
14.0910.84
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 3-5 days
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
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
5.304.11
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 195.85 and exchange rate charged 194.450.71
Total cost (%)
1.531.53
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.877.65
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 (%)
1.45
Percentage difference between market reference rate 195.83 and exchange rate charged 193.001.45
Total cost (%)
1.761.76
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.358.80
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
7.005.43
Exchange rate margin (%)
1.16
Percentage difference between market reference rate 192.88 and exchange rate charged 190.631.16
Total cost (%)
2.252.25
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.5111.25
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 195.83 and exchange rate charged 192.921.49
Total cost (%)
2.262.26
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.5811.30
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
2.482.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.0012.40
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
2.482.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.0012.40
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
22.3517.33
Exchange rate margin (%)
1.45
Percentage difference between market reference rate 195.83 and exchange rate charged 193.001.45
Total cost (%)
4.924.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
31.7324.60
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
22.3517.33
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 195.83 and exchange rate charged 192.921.49
Total cost (%)
4.964.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
31.9924.80
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
5.485.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
35.3527.40
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 (%)
1.86
Percentage difference between market reference rate 195.82 and exchange rate charged 192.181.86
Total cost (%)
5.485.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
35.3527.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.55
Exchange rate margin (%)
7.88
Percentage difference between market reference rate 195.68 and exchange rate charged 180.267.88
Total cost (%)
8.198.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
52.8340.95
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.55
Exchange rate margin (%)
7.88
Percentage difference between market reference rate 195.68 and exchange rate charged 180.267.88
Total cost (%)
8.198.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
52.8340.95
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
10.48
Percentage difference between market reference rate 195.68 and exchange rate charged 175.1610.48
Total cost (%)
11.2611.26
Total cost (SGD)sort descendingTotal cost (USD)sort descending
72.6356.30
Total Average First Quarter
4.714.71
Total Average Fourth Quarter 2022
3.413.41
Total Average
Fee
9.827.61
Exchange Rate Margin (%)
3.193.19
Total Cost Percent (%)
4.714.71
Total Cost (SGD) Total Cost (USD)
30.3923.56
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 3-5 days
Bank account Cash
Least Costly Corridors To Pakistan
Least Costly Corridors From Singapore
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