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: Nov 22, 2023-Nov 30, 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
1.01
Percentage difference between market reference rate 245.47 and exchange rate charged 243.00
1.01
2.932.93
7.625.86
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.63
0.41
1.561.56
4.063.12
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.63
0.41
4.564.56
11.869.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.71
4.43
5.205.20
13.5210.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.71
4.43
5.205.20
13.5210.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.69
Percentage difference between market reference rate 246.59 and exchange rate charged 244.90
0.69
1.841.84
4.783.68
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.75
Percentage difference between market reference rate 245.45 and exchange rate charged 241.15
1.75
3.673.67
9.547.34
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.541.95
-0.01
Percentage difference between market reference rate 247.49 and exchange rate charged 247.51
-0.01
0.970.97
2.521.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
2.00
Percentage difference between market reference rate 246.64 and exchange rate charged 241.70
2.00
3.153.15
8.196.30
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.06
Percentage difference between market reference rate 246.45 and exchange rate charged 246.29
0.06
1.021.02
2.652.04
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.20
1.91
3.833.83
9.967.66
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.20
1.91
3.833.83
9.967.66
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.88
Percentage difference between market reference rate 245.24 and exchange rate charged 243.08
0.88
2.802.80
7.285.60
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
4.364.36
11.348.72
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
4.364.36
11.348.72
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
7.367.36
19.1414.72
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
7.367.36
19.1414.72
Total Average Fourth Quarter 2023
3.763.76
Total Average Third Quarter 2023
3.713.71
Total Average
Fee
5.264.04
Exchange Rate Margin (%)
1.741.74
Total Cost Percent (%)
3.763.76
Total Cost (SGD) Total Cost (USD)
9.797.53
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next 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
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.71
4.43
4.744.74
30.5723.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.71
4.43
4.744.74
30.5723.70
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.06
Percentage difference between market reference rate 246.45 and exchange rate charged 246.29
0.06
0.410.41
2.642.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.63
0.41
0.880.88
5.684.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.69
Percentage difference between market reference rate 246.59 and exchange rate charged 244.90
0.69
1.161.16
7.485.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.003.10
2.00
Percentage difference between market reference rate 246.64 and exchange rate charged 241.70
2.00
2.622.62
16.9013.10
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.573.54
-0.01
Percentage difference between market reference rate 247.49 and exchange rate charged 247.51
-0.01
0.700.70
4.523.50
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
3.213.21
20.7016.05
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
3.213.21
20.7016.05
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.88
1.01
Percentage difference between market reference rate 245.47 and exchange rate charged 243.00
1.01
1.791.79
11.558.95
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.75
Percentage difference between market reference rate 245.45 and exchange rate charged 241.15
1.75
2.532.53
16.3212.65
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.20
1.91
2.692.69
17.3513.45
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.20
1.91
2.692.69
17.3513.45
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.88
Percentage difference between market reference rate 245.24 and exchange rate charged 243.08
0.88
1.661.66
10.718.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.63
0.41
3.883.88
25.0319.40
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
6.216.21
40.0531.05
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.23
2.44
6.216.21
40.0531.05
Total Average Fourth Quarter 2023
2.902.90
Total Average Third Quarter 2023
2.852.85
Total Average
Fee
7.465.78
Exchange Rate Margin (%)
1.741.74
Total Cost Percent (%)
2.902.90
Total Cost (SGD) Total Cost (USD)
18.7214.51
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash