Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to
Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Aug 19, 2024-Aug 23, 2024
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
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.821.40
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 228.22 and exchange rate charged 228.120.04
Total cost (%)
0.740.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
1.921.48
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 (%)
0.27
Percentage difference between market reference rate 229.02 and exchange rate charged 228.400.27
Total cost (%)
1.421.42
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.692.84
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
3.002.31
Exchange rate margin (%)
0.49
Percentage difference between market reference rate 228.10 and exchange rate charged 226.970.49
Total cost (%)
1.641.64
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.263.28
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
4.353.35
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 230.11 and exchange rate charged 230.030.03
Total cost (%)
1.701.70
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.423.40
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 (%)
0.70
Percentage difference between market reference rate 229.91 and exchange rate charged 228.300.70
Total cost (%)
2.622.62
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.815.24
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 (%)
0.70
Percentage difference between market reference rate 229.91 and exchange rate charged 228.300.70
Total cost (%)
2.622.62
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.815.24
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 (%)
0.75
Percentage difference between market reference rate 228.24 and exchange rate charged 226.540.75
Total cost (%)
2.672.67
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.945.34
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 (%)
1.84
Percentage difference between market reference rate 229.03 and exchange rate charged 224.821.84
Total cost (%)
2.992.99
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.775.98
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 (%)
1.59
Percentage difference between market reference rate 227.97 and exchange rate charged 224.341.59
Total cost (%)
3.513.51
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.137.02
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
6.004.62
Exchange rate margin (%)
1.52
Percentage difference between market reference rate 229.03 and exchange rate charged 225.561.52
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
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
6.004.62
Exchange rate margin (%)
1.52
Percentage difference between market reference rate 229.03 and exchange rate charged 225.561.52
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
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 (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
3.863.86
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.047.72
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 (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
3.863.86
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.047.72
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 (%)
0.27
Percentage difference between market reference rate 229.02 and exchange rate charged 228.400.27
Total cost (%)
4.424.42
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.498.84
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 (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
6.866.86
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.8413.72
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 (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
6.866.86
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.8413.72
Total Average Third Quarter
3.343.34
Total Average Second Quarter
3.783.78
Total Average
Fee
5.854.50
Exchange Rate Margin (%)
1.091.09
Total Cost Percent (%)
3.343.34
Total Cost (SGD) Total Cost (USD)
8.686.68
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day
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
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.523.50
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 228.22 and exchange rate charged 228.120.04
Total cost (%)
0.740.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.773.70
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 (%)
0.27
Percentage difference between market reference rate 229.02 and exchange rate charged 228.400.27
Total cost (%)
0.740.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.773.70
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
5.894.57
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 230.11 and exchange rate charged 230.030.03
Total cost (%)
0.940.94
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.064.70
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
3.002.33
Exchange rate margin (%)
0.49
Percentage difference between market reference rate 228.10 and exchange rate charged 226.970.49
Total cost (%)
0.960.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.194.80
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 (%)
0.70
Percentage difference between market reference rate 229.91 and exchange rate charged 228.300.70
Total cost (%)
1.481.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.557.40
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 (%)
0.70
Percentage difference between market reference rate 229.91 and exchange rate charged 228.300.70
Total cost (%)
1.481.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.557.40
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 (%)
0.75
Percentage difference between market reference rate 228.24 and exchange rate charged 226.540.75
Total cost (%)
1.531.53
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.877.65
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 (%)
1.59
Percentage difference between market reference rate 227.97 and exchange rate charged 224.341.59
Total cost (%)
2.372.37
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.2911.85
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 (%)
1.84
Percentage difference between market reference rate 229.03 and exchange rate charged 224.821.84
Total cost (%)
2.462.46
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.8712.30
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
4.993.87
Exchange rate margin (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
2.712.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.4813.55
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 (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
2.712.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.4813.55
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 (%)
0.27
Percentage difference between market reference rate 229.02 and exchange rate charged 228.400.27
Total cost (%)
3.743.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
24.1218.70
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
19.0014.73
Exchange rate margin (%)
1.52
Percentage difference between market reference rate 229.03 and exchange rate charged 225.561.52
Total cost (%)
4.474.47
Total cost (SGD)sort descendingTotal cost (USD)sort descending
28.8322.35
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
19.0014.73
Exchange rate margin (%)
1.52
Percentage difference between market reference rate 229.03 and exchange rate charged 225.561.52
Total cost (%)
4.474.47
Total cost (SGD)sort descendingTotal cost (USD)sort descending
28.8322.35
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 (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
5.715.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
36.8328.55
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
24.3418.87
Exchange rate margin (%)
1.94
Percentage difference between market reference rate 229.10 and exchange rate charged 224.651.94
Total cost (%)
5.715.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
36.8328.55
Total Average Third Quarter
2.642.64
Total Average Second Quarter
3.033.03
Total Average
Fee
9.967.72
Exchange Rate Margin (%)
1.091.09
Total Cost Percent (%)
2.642.64
Total Cost (SGD) Total Cost (USD)
17.0213.19
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day
Bank account Cash
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