Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to PAKISTAN

Data collected on: Oct 26, 2020
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 (%)sort descending
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.
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
0.92
Percentage difference between market reference rate 118.99 and exchange rate charged 117.89
0.92
0.920.92
2.391.84
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
3.282.52
0.60
Percentage difference between market reference rate 118.99 and exchange rate charged 118.28
0.60
1.861.86
4.843.72
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.08
0.33
Percentage difference between market reference rate 118.99 and exchange rate charged 118.60
0.33
1.871.87
4.863.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.29
1.43
3.353.35
8.716.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.993.84
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.29
1.43
3.353.35
8.716.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
1.991.53
3.23
Percentage difference between market reference rate 118.99 and exchange rate charged 115.15
3.23
3.993.99
10.377.98
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
5.56
Percentage difference between market reference rate 118.99 and exchange rate charged 112.37
5.56
5.565.56
14.4611.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
9.14
Percentage difference between market reference rate 118.99 and exchange rate charged 108.12
9.14
10.2910.29
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
Payment instrument
Access point
Sending network coverage
Receiving method
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
0.92
Percentage difference between market reference rate 118.99 and exchange rate charged 117.89
0.92
0.920.92
5.934.60
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
6.344.91
0.60
Percentage difference between market reference rate 118.99 and exchange rate charged 118.28
0.60
1.581.58
10.197.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.88
0.33
Percentage difference between market reference rate 118.99 and exchange rate charged 118.60
0.33
1.101.10
7.105.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.43
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.29
1.43
2.512.51
16.1912.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.993.87
1.43
Percentage difference between market reference rate 118.99 and exchange rate charged 117.29
1.43
2.202.20
14.1911.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
1.991.54
3.23
Percentage difference between market reference rate 118.99 and exchange rate charged 115.15
3.23
3.543.54
22.8317.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
5.56
Percentage difference between market reference rate 118.99 and exchange rate charged 112.37
5.56
5.565.56
35.8627.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
9.14
Percentage difference between market reference rate 118.99 and exchange rate charged 108.12
9.14
9.769.76
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