Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to SRI LANKA

Data collected on: Aug 21, 2023-Sep 05, 2023
SGD | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.85
0.80
Percentage difference between market reference rate 238.92 and exchange rate charged 237.00
0.80
2.722.72
7.075.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.85
Percentage difference between market reference rate 236.90 and exchange rate charged 234.89
0.85
2.002.00
5.204.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
0.85
Percentage difference between market reference rate 236.90 and exchange rate charged 234.89
0.85
5.005.00
13.0010.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
4.90
Percentage difference between market reference rate 236.67 and exchange rate charged 225.08
4.90
5.675.67
14.7411.34
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
4.90
Percentage difference between market reference rate 236.67 and exchange rate charged 225.08
4.90
5.675.67
14.7411.34
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.57
Percentage difference between market reference rate 238.37 and exchange rate charged 237.00
0.57
1.721.72
4.473.44
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.36
Percentage difference between market reference rate 236.02 and exchange rate charged 232.81
1.36
3.283.28
8.536.56
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.541.95
0.00
Percentage difference between market reference rate 236.71 and exchange rate charged 236.71
0.00
0.980.98
2.551.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
2.48
Percentage difference between market reference rate 236.67 and exchange rate charged 230.80
2.48
3.633.63
9.447.26
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.24
Percentage difference between market reference rate 236.67 and exchange rate charged 236.11
0.24
1.201.20
3.122.40
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
1.64
Percentage difference between market reference rate 237.63 and exchange rate charged 233.73
1.64
3.563.56
9.267.12
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
1.64
Percentage difference between market reference rate 237.63 and exchange rate charged 233.73
1.64
3.563.56
9.267.12
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.93
Percentage difference between market reference rate 239.18 and exchange rate charged 236.95
0.93
2.852.85
7.415.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
3.823.82
9.937.64
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
3.823.82
9.937.64
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
6.826.82
17.7313.64
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
6.826.82
17.7313.64
Total Average Third Quarter 2023
3.713.71
Total Average Second Quarter 2023
3.693.69
Total Average
Fee
5.264.04
Exchange Rate Margin (%)
1.691.69
Total Cost Percent (%)
3.713.71
Total Cost (SGD) Total Cost (USD)
9.657.43
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
4.90
Percentage difference between market reference rate 236.67 and exchange rate charged 225.08
4.90
5.215.21
33.6026.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
4.90
Percentage difference between market reference rate 236.67 and exchange rate charged 225.08
4.90
5.215.21
33.6026.05
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.24
Percentage difference between market reference rate 236.67 and exchange rate charged 236.11
0.24
0.590.59
3.812.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.85
Percentage difference between market reference rate 236.90 and exchange rate charged 234.89
0.85
1.321.32
8.516.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.57
Percentage difference between market reference rate 238.37 and exchange rate charged 237.00
0.57
1.041.04
6.715.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.003.10
2.48
Percentage difference between market reference rate 236.67 and exchange rate charged 230.80
2.48
3.103.10
20.0015.50
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.573.54
0.00
Percentage difference between market reference rate 236.71 and exchange rate charged 236.71
0.00
0.710.71
4.583.55
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
2.672.67
17.2213.35
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
2.672.67
17.2213.35
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.88
0.80
Percentage difference between market reference rate 238.92 and exchange rate charged 237.00
0.80
1.581.58
10.197.90
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.36
Percentage difference between market reference rate 236.02 and exchange rate charged 232.81
1.36
2.142.14
13.8010.70
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
1.64
Percentage difference between market reference rate 237.63 and exchange rate charged 233.73
1.64
2.422.42
15.6112.10
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
1.64
Percentage difference between market reference rate 237.63 and exchange rate charged 233.73
1.64
2.422.42
15.6112.10
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.93
Percentage difference between market reference rate 239.18 and exchange rate charged 236.95
0.93
1.711.71
11.038.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
0.85
Percentage difference between market reference rate 236.90 and exchange rate charged 234.89
0.85
4.324.32
27.8621.60
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
5.675.67
36.5728.35
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
1.90
Percentage difference between market reference rate 236.69 and exchange rate charged 232.20
1.90
5.675.67
36.5728.35
Total Average Third Quarter 2023
2.852.85
Total Average Second Quarter 2023
2.852.85
Total Average
Fee
7.465.78
Exchange Rate Margin (%)
1.691.69
Total Cost Percent (%)
2.852.85
Total Cost (SGD) Total Cost (USD)
18.3814.25
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash