Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Feb 19, 2023-Mar 07, 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
High
Fee
2.862.20
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 271.77 and exchange rate charged 271.770.00
Total cost (%)
1.101.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.862.20
Firm
Sir Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.003.85
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 270.34 and exchange rate charged 271.00-0.24
Total cost (%)
1.681.68
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.373.36
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
-0.02
Percentage difference between market reference rate 270.95 and exchange rate charged 271.02-0.02
Total cost (%)
1.901.90
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.943.80
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.491.92
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 271.76 and exchange rate charged 268.721.12
Total cost (%)
2.082.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.414.16
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 270.97 and exchange rate charged 270.130.31
Total cost (%)
2.232.23
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.804.46
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
3.002.31
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.411.24
Total cost (%)
2.392.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.214.78
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
4.993.84
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
3.343.34
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.686.68
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
4.993.84
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
3.343.34
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.686.68
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
7.005.38
Exchange rate margin (%)
1.32
Percentage difference between market reference rate 270.56 and exchange rate charged 266.991.32
Total cost (%)
4.014.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.438.02
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.832.24
Total cost (%)
4.164.16
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.828.32
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.832.24
Total cost (%)
4.164.16
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.828.32
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
5.003.85
Exchange rate margin (%)
2.46
Percentage difference between market reference rate 272.56 and exchange rate charged 265.852.46
Total cost (%)
4.384.38
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.398.76
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 (%)
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.411.24
Total cost (%)
5.395.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.0110.78
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 (%)
4.87
Percentage difference between market reference rate 272.56 and exchange rate charged 259.264.87
Total cost (%)
5.645.64
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.6611.28
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 (%)
4.87
Percentage difference between market reference rate 272.56 and exchange rate charged 259.264.87
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
12.799.84
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
6.346.34
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.4812.68
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
12.799.84
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
6.346.34
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.4812.68
Total Average First Quarter
3.773.77
Total Average Fourth Quarter 2022
3.213.21
Total Average
Fee
5.634.33
Exchange Rate Margin (%)
1.611.61
Total Cost Percent (%)
3.773.77
Total Cost (SGD) Total Cost (USD)
9.817.54
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 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
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
-0.02
Percentage difference between market reference rate 270.95 and exchange rate charged 271.02-0.02
Total cost (%)
0.760.76
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.903.80
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.923.81
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 271.77 and exchange rate charged 271.770.00
Total cost (%)
0.760.76
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.903.80
Firm
Sir Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
7.005.43
Exchange rate margin (%)
-0.24
Percentage difference between market reference rate 270.34 and exchange rate charged 271.00-0.24
Total cost (%)
0.850.85
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.484.25
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 270.97 and exchange rate charged 270.130.31
Total cost (%)
1.091.09
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.035.45
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.232.50
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 271.76 and exchange rate charged 268.721.12
Total cost (%)
1.621.62
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.458.10
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
3.002.33
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.411.24
Total cost (%)
1.711.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.038.55
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
4.993.87
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
2.192.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.1310.95
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
4.993.87
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
2.192.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.1310.95
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.832.24
Total cost (%)
3.023.02
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.4815.10
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.832.24
Total cost (%)
3.023.02
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.4815.10
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
11.008.53
Exchange rate margin (%)
1.32
Percentage difference between market reference rate 270.56 and exchange rate charged 266.991.32
Total cost (%)
3.033.03
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.5415.15
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
4.003.10
Exchange rate margin (%)
2.46
Percentage difference between market reference rate 272.56 and exchange rate charged 265.852.46
Total cost (%)
3.083.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.8715.40
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 (%)
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.411.24
Total cost (%)
4.714.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
30.3823.55
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 (%)
4.88
Percentage difference between market reference rate 272.56 and exchange rate charged 259.264.88
Total cost (%)
5.195.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
33.4825.95
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 (%)
4.88
Percentage difference between market reference rate 272.56 and exchange rate charged 259.264.88
Total cost (%)
5.195.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
33.4825.95
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
24.3418.87
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
5.195.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
33.4825.95
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
24.3418.87
Exchange rate margin (%)
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.041.42
Total cost (%)
5.195.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
33.4825.95
Total Average First Quarter
2.872.87
Total Average Fourth Quarter 2022
2.482.48
Total Average
Fee
8.136.30
Exchange Rate Margin (%)
1.611.61
Total Cost Percent (%)
2.872.87
Total Cost (SGD) Total Cost (USD)
18.5114.35
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
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