Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to CHINA

Data collected on: Mar 24, 2021
SGD | USD
Payment instrument
Access point
Sending network coverage
Transfer speedsort descending
<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.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
4.38
Percentage difference between market reference rate 4.84 and exchange rate charged 4.63
4.38
5.545.54
14.4011.08
Thaithanawat
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
16.0012.31
0.67
Percentage difference between market reference rate 4.84 and exchange rate charged 4.81
0.67
6.826.82
17.7313.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.0015.38
1.08
Percentage difference between market reference rate 4.84 and exchange rate charged 4.79
1.08
8.778.77
22.8017.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.08
Percentage difference between market reference rate 4.84 and exchange rate charged 4.79
1.08
2.232.23
5.804.46
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.0011.54
-0.57
Percentage difference between market reference rate 4.84 and exchange rate charged 4.87
-0.57
5.205.20
13.5210.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
3.15
Percentage difference between market reference rate 4.84 and exchange rate charged 4.69
3.15
3.153.15
8.196.30
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.46
Percentage difference between market reference rate 4.84 and exchange rate charged 4.82
0.46
0.460.46
1.200.92
Zhongguo Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
17.0013.08
-0.37
Percentage difference between market reference rate 4.84 and exchange rate charged 4.86
-0.37
6.176.17
16.0412.34
Golden Dragon
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
18.0013.85
-0.37
Percentage difference between market reference rate 4.84 and exchange rate charged 4.86
-0.37
6.566.56
17.0613.12
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
16.0012.31
0.67
Percentage difference between market reference rate 4.84 and exchange rate charged 4.81
0.67
6.826.82
17.7313.64
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
16.0012.31
0.67
Percentage difference between market reference rate 4.84 and exchange rate charged 4.81
0.67
6.826.82
17.7313.64
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.0015.38
1.74
Percentage difference between market reference rate 0.74 and exchange rate charged 0.73
1.74
9.439.43
24.5218.86
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
17.0013.08
0.87
Percentage difference between market reference rate 4.84 and exchange rate charged 4.80
0.87
7.417.41
19.2714.82
Total Average First Quarter
5.805.80
Total Average Fourth Quarter 2020
6.086.08
Total Average
Fee
12.389.53
Exchange Rate Margin (%)
1.041.04
Total Cost Percent (%)
5.805.80
Total Cost (SGD) Total Cost (USD)
15.0811.60
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
1.08
Percentage difference between market reference rate 4.84 and exchange rate charged 4.79
1.08
1.701.70
10.978.50
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.0011.63
-0.57
Percentage difference between market reference rate 4.84 and exchange rate charged 4.87
-0.57
1.751.75
11.298.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
3.15
Percentage difference between market reference rate 4.84 and exchange rate charged 4.69
3.15
3.153.15
20.3215.75
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.46
Percentage difference between market reference rate 4.84 and exchange rate charged 4.82
0.46
0.460.46
2.972.30
Zhongguo Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
17.0013.18
-0.37
Percentage difference between market reference rate 4.84 and exchange rate charged 4.86
-0.37
2.272.27
14.6411.35
Golden Dragon
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
18.0013.95
-0.37
Percentage difference between market reference rate 4.84 and exchange rate charged 4.86
-0.37
2.422.42
15.6112.10
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
16.0012.40
0.67
Percentage difference between market reference rate 4.84 and exchange rate charged 4.81
0.67
3.153.15
20.3215.75
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
16.0012.40
0.67
Percentage difference between market reference rate 4.84 and exchange rate charged 4.81
0.67
3.153.15
20.3215.75
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.0015.50
1.74
Percentage difference between market reference rate 0.74 and exchange rate charged 0.73
1.74
4.844.84
31.2224.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
17.0013.18
0.87
Percentage difference between market reference rate 4.84 and exchange rate charged 4.80
0.87
3.513.51
22.6417.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
4.38
Percentage difference between market reference rate 4.84 and exchange rate charged 4.63
4.38
4.854.85
31.2824.25
Thaithanawat
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
16.0012.40
0.67
Percentage difference between market reference rate 4.84 and exchange rate charged 4.81
0.67
3.153.15
20.3215.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.0015.50
1.08
Percentage difference between market reference rate 4.84 and exchange rate charged 4.79
1.08
4.184.18
26.9620.90
Total Average First Quarter
2.972.97
Total Average Fourth Quarter 2020
3.183.18
Total Average
Fee
12.469.66
Exchange Rate Margin (%)
1.041.04
Total Cost Percent (%)
2.972.97
Total Cost (SGD) Total Cost (USD)
19.1414.84
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Mobile wallet Own/partner bank account