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: Feb 19, 2023-Mar 07, 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.
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.862.20
0.00
Percentage difference between market reference rate 271.77 and exchange rate charged 271.77
0.00
1.101.10
2.862.20
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
1.12
Percentage difference between market reference rate 271.76 and exchange rate charged 268.72
1.12
2.082.08
5.414.16
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
0.31
Percentage difference between market reference rate 270.97 and exchange rate charged 270.13
0.31
2.232.23
5.804.46
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
6.346.34
16.4812.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.38
1.32
Percentage difference between market reference rate 270.56 and exchange rate charged 266.99
1.32
4.014.01
10.438.02
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
6.346.34
16.4812.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
4.87
Percentage difference between market reference rate 272.56 and exchange rate charged 259.26
4.87
5.645.64
14.6611.28
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
3.343.34
8.686.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
4.87
Percentage difference between market reference rate 272.56 and exchange rate charged 259.26
4.87
5.645.64
14.6611.28
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
3.343.34
8.686.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.41
1.24
5.395.39
14.0110.78
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
-0.02
Percentage difference between market reference rate 270.95 and exchange rate charged 271.02
-0.02
1.901.90
4.943.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.41
1.24
2.392.39
6.214.78
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.83
2.24
4.164.16
10.828.32
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.83
2.24
4.164.16
10.828.32
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.85
-0.24
Percentage difference between market reference rate 270.34 and exchange rate charged 271.00
-0.24
1.681.68
4.373.36
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.003.85
2.46
Percentage difference between market reference rate 272.56 and exchange rate charged 265.85
2.46
4.384.38
11.398.76
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
Payment instrument
Access point
Sending network coverage
Receiving method
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
-0.02
Percentage difference between market reference rate 270.95 and exchange rate charged 271.02
-0.02
0.760.76
4.903.80
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.923.81
0.00
Percentage difference between market reference rate 271.77 and exchange rate charged 271.77
0.00
0.760.76
4.903.80
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
7.005.43
-0.24
Percentage difference between market reference rate 270.34 and exchange rate charged 271.00
-0.24
0.850.85
5.484.25
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
0.31
Percentage difference between market reference rate 270.97 and exchange rate charged 270.13
0.31
1.091.09
7.035.45
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.232.50
1.12
Percentage difference between market reference rate 271.76 and exchange rate charged 268.72
1.12
1.621.62
10.458.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.41
1.24
1.711.71
11.038.55
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
2.192.19
14.1310.95
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
2.192.19
14.1310.95
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.83
2.24
3.023.02
19.4815.10
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
2.24
Percentage difference between market reference rate 238.16 and exchange rate charged 232.83
2.24
3.023.02
19.4815.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.008.53
1.32
Percentage difference between market reference rate 270.56 and exchange rate charged 266.99
1.32
3.033.03
19.5415.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.003.10
2.46
Percentage difference between market reference rate 272.56 and exchange rate charged 265.85
2.46
3.083.08
19.8715.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
1.24
Percentage difference between market reference rate 271.79 and exchange rate charged 268.41
1.24
4.714.71
30.3823.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
4.88
Percentage difference between market reference rate 272.56 and exchange rate charged 259.26
4.88
5.195.19
33.4825.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
4.88
Percentage difference between market reference rate 272.56 and exchange rate charged 259.26
4.88
5.195.19
33.4825.95
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
5.195.19
33.4825.95
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
1.42
Percentage difference between market reference rate 271.89 and exchange rate charged 268.04
1.42
5.195.19
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