Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to
Transfer money

Sending money from SINGAPORE to PAKISTAN

Data collected on: Oct 26, 2020
SGD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
M1 Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 118.99 and exchange rate charged 117.890.92
Total cost (%)
0.920.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.391.84
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
3.282.52
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 118.99 and exchange rate charged 118.280.60
Total cost (%)
1.861.86
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.843.72
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.08
Exchange rate margin (%)
0.33
Percentage difference between market reference rate 118.99 and exchange rate charged 118.600.33
Total cost (%)
1.871.87
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.863.74
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.291.43
Total cost (%)
3.353.35
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.716.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.291.43
Total cost (%)
3.353.35
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.716.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
1.991.53
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 118.99 and exchange rate charged 115.153.23
Total cost (%)
3.993.99
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.377.98
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
5.56
Percentage difference between market reference rate 118.99 and exchange rate charged 112.375.56
Total cost (%)
5.565.56
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.4611.12
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
9.14
Percentage difference between market reference rate 118.99 and exchange rate charged 108.129.14
Total cost (%)
10.2910.29
Total cost (SGD)sort descendingTotal cost (USD)sort descending
26.7520.58
Total Average Fourth Quarter 2020
3.903.90
Total Average Third Quarter 2020
4.234.23
Total Average
Fee
2.782.14
Exchange Rate Margin (%)
2.832.83
Total Cost Percent (%)
3.903.90
Total Cost (SGD) Total Cost (USD)
10.147.80
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)sort descendingTotal cost (USD)sort descending
Firm
M1 Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 118.99 and exchange rate charged 117.890.92
Total cost (%)
0.920.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.934.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
0.33
Percentage difference between market reference rate 118.99 and exchange rate charged 118.600.33
Total cost (%)
1.101.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.105.50
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
6.344.91
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 118.99 and exchange rate charged 118.280.60
Total cost (%)
1.581.58
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.197.90
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.291.43
Total cost (%)
2.202.20
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.1911.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.005.43
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.291.43
Total cost (%)
2.512.51
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.1912.55
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
1.991.54
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 118.99 and exchange rate charged 115.153.23
Total cost (%)
3.543.54
Total cost (SGD)sort descendingTotal cost (USD)sort descending
22.8317.70
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
5.56
Percentage difference between market reference rate 118.99 and exchange rate charged 112.375.56
Total cost (%)
5.565.56
Total cost (SGD)sort descendingTotal cost (USD)sort descending
35.8627.80
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
9.14
Percentage difference between market reference rate 118.99 and exchange rate charged 108.129.14
Total cost (%)
9.769.76
Total cost (SGD)sort descendingTotal cost (USD)sort descending
62.9548.80
Total Average Fourth Quarter 2020
3.403.40
Total Average Third Quarter 2020
3.573.57
Total Average
Fee
3.672.84
Exchange Rate Margin (%)
2.832.83
Total Cost Percent (%)
3.403.40
Total Cost (SGD) Total Cost (USD)
21.9116.98
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Least Costly Corridors To Pakistan
Least Costly Corridors From Singapore
      © 2015 The World Bank Group, All Rights Reserved