Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to PAKISTAN

Data collected on: May 15, 2020
SGD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)sort descending
Total cost (SGD)Total cost (USD)
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
3.983.06
Exchange rate margin (%)
-0.54
Percentage difference between market reference rate 112.90 and exchange rate charged 113.51-0.54
Total cost (%)sort descending
0.990.99
Total cost (SGD)Total cost (USD)
2.571.98
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 (%)
0.69
Percentage difference between market reference rate 112.90 and exchange rate charged 112.120.69
Total cost (%)sort descending
2.612.61
Total cost (SGD)Total cost (USD)
6.795.22
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
6.004.62
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 112.90 and exchange rate charged 112.440.40
Total cost (%)sort descending
2.712.71
Total cost (SGD)Total cost (USD)
7.055.42
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
1.991.53
Exchange rate margin (%)
2.87
Percentage difference between market reference rate 112.90 and exchange rate charged 109.662.87
Total cost (%)sort descending
3.633.63
Total cost (SGD)Total cost (USD)
9.447.26
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 (%)
1.77
Percentage difference between market reference rate 112.90 and exchange rate charged 110.901.77
Total cost (%)sort descending
3.693.69
Total cost (SGD)Total cost (USD)
9.597.38
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
0.000.00
Exchange rate margin (%)
9.00
Percentage difference between market reference rate 112.90 and exchange rate charged 102.739.00
Total cost (%)sort descending
9.009.00
Total cost (SGD)Total cost (USD)
23.4018.00
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
0.000.00
Exchange rate margin (%)
10.43
Percentage difference between market reference rate 112.90 and exchange rate charged 101.1210.43
Total cost (%)sort descending
10.4310.43
Total cost (SGD)Total cost (USD)
27.1220.86
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 (%)
11.71
Percentage difference between market reference rate 112.90 and exchange rate charged 99.6811.71
Total cost (%)sort descending
11.7111.71
Total cost (SGD)Total cost (USD)
30.4523.42
Total Average Second Quarter
5.605.60
Total Average First Quarter
7.847.84
Total Average
Fee
2.752.11
Exchange Rate Margin (%)
4.544.54
Total Cost Percent (%)
5.605.60
Total Cost (SGD) Total Cost (USD)
14.5511.19
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)Total cost (USD)
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
7.345.69
Exchange rate margin (%)
-0.54
Percentage difference between market reference rate 112.90 and exchange rate charged 113.51-0.54
Total cost (%)
0.590.59
Total cost (SGD)Total cost (USD)
3.812.95
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 (%)
0.69
Percentage difference between market reference rate 112.90 and exchange rate charged 112.120.69
Total cost (%)
1.461.46
Total cost (SGD)Total cost (USD)
9.427.30
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
6.004.65
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 112.90 and exchange rate charged 112.440.40
Total cost (%)
1.331.33
Total cost (SGD)Total cost (USD)
8.586.65
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
1.991.54
Exchange rate margin (%)
2.87
Percentage difference between market reference rate 112.90 and exchange rate charged 109.662.87
Total cost (%)
3.183.18
Total cost (SGD)Total cost (USD)
20.5115.90
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 (%)
1.77
Percentage difference between market reference rate 112.90 and exchange rate charged 110.901.77
Total cost (%)
2.852.85
Total cost (SGD)Total cost (USD)
18.3814.25
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
0.000.00
Exchange rate margin (%)
9.00
Percentage difference between market reference rate 112.90 and exchange rate charged 102.739.00
Total cost (%)
9.009.00
Total cost (SGD)Total cost (USD)
58.0545.00
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
0.000.00
Exchange rate margin (%)
10.43
Percentage difference between market reference rate 112.90 and exchange rate charged 101.1210.43
Total cost (%)
10.4310.43
Total cost (SGD)Total cost (USD)
67.2752.15
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 (%)
11.71
Percentage difference between market reference rate 112.90 and exchange rate charged 99.6811.71
Total cost (%)
11.7111.71
Total cost (SGD)Total cost (USD)
75.5358.55
Total Average Second Quarter
5.075.07
Total Average First Quarter
5.325.32
Total Average
Fee
3.422.65
Exchange Rate Margin (%)
4.544.54
Total Cost Percent (%)
5.075.07
Total Cost (SGD) Total Cost (USD)
32.6925.34
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
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