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, 2024-Feb 29, 2024
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
2.882.22
0.09
Percentage difference between market reference rate 231.41 and exchange rate charged 231.20
0.09
1.201.20
3.122.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.004.62
1.82
Percentage difference between market reference rate 231.00 and exchange rate charged 226.80
1.82
4.134.13
10.748.26
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.004.62
1.82
Percentage difference between market reference rate 231.00 and exchange rate charged 226.80
1.82
4.134.13
10.748.26
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
1.79
Percentage difference between market reference rate 231.00 and exchange rate charged 226.87
1.79
2.942.94
7.645.88
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.71
Percentage difference between market reference rate 232.02 and exchange rate charged 230.38
0.71
2.632.63
6.845.26
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.04
Percentage difference between market reference rate 231.96 and exchange rate charged 229.54
1.04
2.962.96
7.705.92
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.85
0.06
Percentage difference between market reference rate 231.14 and exchange rate charged 231.00
0.06
1.981.98
5.153.96
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
7.117.11
18.4914.22
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
4.114.11
10.698.22
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.84
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
4.114.11
10.698.22
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.799.84
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
7.117.11
18.4914.22
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.50
Percentage difference between market reference rate 231.16 and exchange rate charged 230.00
0.50
1.651.65
4.293.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
0.42
Percentage difference between market reference rate 231.05 and exchange rate charged 230.09
0.42
4.574.57
11.889.14
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.42
Percentage difference between market reference rate 231.05 and exchange rate charged 230.09
0.42
1.571.57
4.083.14
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.821.40
0.06
Percentage difference between market reference rate 230.53 and exchange rate charged 230.39
0.06
0.760.76
1.981.52
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
2.63
Percentage difference between market reference rate 231.50 and exchange rate charged 225.40
2.63
4.554.55
11.839.10
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
2.63
Percentage difference between market reference rate 231.50 and exchange rate charged 225.40
2.63
4.554.55
11.839.10
Total Average First Quarter
3.533.53
Total Average Fourth Quarter 2023
3.763.76
Total Average
Fee
5.714.39
Exchange Rate Margin (%)
1.341.34
Total Cost Percent (%)
3.533.53
Total Cost (SGD) Total Cost (USD)
9.197.07
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
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.454.22
0.09
Percentage difference between market reference rate 231.41 and exchange rate charged 231.20
0.09
0.930.93
6.004.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
19.0014.73
1.82
Percentage difference between market reference rate 231.00 and exchange rate charged 226.80
1.82
4.774.77
30.7723.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
19.0014.73
1.82
Percentage difference between market reference rate 231.00 and exchange rate charged 226.80
1.82
4.774.77
30.7723.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.003.10
1.79
Percentage difference between market reference rate 231.00 and exchange rate charged 226.87
1.79
2.412.41
15.5412.05
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.71
Percentage difference between market reference rate 232.02 and exchange rate charged 230.38
0.71
1.491.49
9.617.45
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.04
Percentage difference between market reference rate 231.96 and exchange rate charged 229.54
1.04
1.821.82
11.749.10
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.88
0.06
Percentage difference between market reference rate 231.14 and exchange rate charged 231.00
0.06
0.840.84
5.424.20
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
5.965.96
38.4429.80
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
2.962.96
19.0914.80
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.993.87
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
2.962.96
19.0914.80
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
24.3418.87
2.19
Percentage difference between market reference rate 231.12 and exchange rate charged 226.05
2.19
5.965.96
38.4429.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.50
Percentage difference between market reference rate 231.16 and exchange rate charged 230.00
0.50
0.970.97
6.264.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
0.42
Percentage difference between market reference rate 231.05 and exchange rate charged 230.09
0.42
3.893.89
25.0919.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.42
Percentage difference between market reference rate 231.05 and exchange rate charged 230.09
0.42
0.890.89
5.744.45
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.523.50
0.06
Percentage difference between market reference rate 230.53 and exchange rate charged 230.39
0.06
0.760.76
4.903.80
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
2.63
Percentage difference between market reference rate 231.50 and exchange rate charged 225.40
2.63
3.413.41
21.9917.05
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
2.63
Percentage difference between market reference rate 231.50 and exchange rate charged 225.40
2.63
3.413.41
21.9917.05
Total Average First Quarter
2.842.84
Total Average Fourth Quarter 2023
2.902.90
Total Average
Fee
9.657.48
Exchange Rate Margin (%)
1.341.34
Total Cost Percent (%)
2.842.84
Total Cost (SGD) Total Cost (USD)
18.2914.18
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash