Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to
Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Nov 01, 2019
SGD | USD
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
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.650.50
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 133.23 and exchange rate charged 132.260.73
Total cost (%)
0.980.98
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.551.96
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.492.68
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 132.86 and exchange rate charged 132.88-0.01
Total cost (%)
1.331.33
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.462.66
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
4.003.08
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 133.23 and exchange rate charged 132.940.22
Total cost (%)
1.761.76
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.583.52
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 133.23 and exchange rate charged 132.370.65
Total cost (%)
1.801.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.683.60
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 (%)
0.47
Percentage difference between market reference rate 133.23 and exchange rate charged 132.610.47
Total cost (%)
2.392.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.214.78
Firm
Sir Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.003.85
Exchange rate margin (%)
0.47
Percentage difference between market reference rate 133.23 and exchange rate charged 132.610.47
Total cost (%)
2.392.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.214.78
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
2.001.54
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 133.23 and exchange rate charged 130.252.24
Total cost (%)
3.013.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.836.02
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.005.38
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 133.23 and exchange rate charged 132.590.48
Total cost (%)
3.173.17
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.246.34
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.15
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 133.23 and exchange rate charged 132.590.48
Total cost (%)
3.563.56
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.267.12
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 133.23 and exchange rate charged 131.011.67
Total cost (%)
3.593.59
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.337.18
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 (%)
4.46
Percentage difference between market reference rate 133.23 and exchange rate charged 127.294.46
Total cost (%)
4.464.46
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.608.92
Firm
Xpress Money
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 (%)
2.69
Percentage difference between market reference rate 133.23 and exchange rate charged 129.652.69
Total cost (%)
4.614.61
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.999.22
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
8.006.15
Exchange rate margin (%)
2.22
Percentage difference between market reference rate 133.23 and exchange rate charged 130.272.22
Total cost (%)
5.305.30
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.7810.60
Firm
SpeedSend
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.007.69
Exchange rate margin (%)
2.23
Percentage difference between market reference rate 133.23 and exchange rate charged 130.262.23
Total cost (%)
6.086.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.8112.16
Total Average Fourth Quarter 2019
3.173.17
Total Average Third Quarter 2019
3.483.48
Total Average
Fee
4.723.63
Exchange Rate Margin (%)
1.361.36
Total Cost Percent (%)
3.173.17
Total Cost (SGD) Total Cost (USD)
8.256.35
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
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
4.003.10
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 133.23 and exchange rate charged 132.940.22
Total cost (%)
0.840.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.424.20
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.611.25
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 133.23 and exchange rate charged 132.260.73
Total cost (%)
0.980.98
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.324.90
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.585.10
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 132.86 and exchange rate charged 132.88-0.01
Total cost (%)
1.011.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.515.05
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.33
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 133.23 and exchange rate charged 132.370.65
Total cost (%)
1.111.11
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.165.55
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 (%)
0.47
Percentage difference between market reference rate 133.23 and exchange rate charged 132.610.47
Total cost (%)
1.551.55
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.007.75
Firm
Sir Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
7.005.43
Exchange rate margin (%)
0.47
Percentage difference between market reference rate 133.23 and exchange rate charged 132.610.47
Total cost (%)
1.551.55
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.007.75
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.005.43
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 133.23 and exchange rate charged 132.590.48
Total cost (%)
1.571.57
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.137.85
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.20
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 133.23 and exchange rate charged 132.590.48
Total cost (%)
1.721.72
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.098.60
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 133.23 and exchange rate charged 131.011.67
Total cost (%)
2.442.44
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.7412.20
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
2.001.55
Exchange rate margin (%)
2.24
Percentage difference between market reference rate 133.23 and exchange rate charged 130.252.24
Total cost (%)
2.552.55
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.4512.75
Firm
SpeedSend
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.007.75
Exchange rate margin (%)
2.23
Percentage difference between market reference rate 133.23 and exchange rate charged 130.262.23
Total cost (%)
3.783.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
24.3818.90
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
12.009.30
Exchange rate margin (%)
2.22
Percentage difference between market reference rate 133.23 and exchange rate charged 130.272.22
Total cost (%)
4.084.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
26.3220.40
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.006.98
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 133.23 and exchange rate charged 129.652.69
Total cost (%)
4.084.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
26.3220.40
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 (%)
4.46
Percentage difference between market reference rate 133.23 and exchange rate charged 127.294.46
Total cost (%)
4.464.46
Total cost (SGD)sort descendingTotal cost (USD)sort descending
28.7722.30
Total Average Fourth Quarter 2019
2.272.27
Total Average Third Quarter 2019
2.552.55
Total Average
Fee
5.874.55
Exchange Rate Margin (%)
1.361.36
Total Cost Percent (%)
2.272.27
Total Cost (SGD) Total Cost (USD)
14.6211.33
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
Least Costly Corridors To Sri Lanka
Least Costly Corridors From Singapore
      © 2015 The World Bank Group, All Rights Reserved