Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Jul 29, 2020
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 (%)
0.16
Percentage difference between market reference rate 134.99 and exchange rate charged 134.770.16
Total cost (%)
0.410.41
Total cost (SGD)sort descendingTotal cost (USD)sort descending
1.070.82
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 (%)
0.02
Percentage difference between market reference rate 134.65 and exchange rate charged 134.620.02
Total cost (%)
1.371.37
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.562.74
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
3.002.31
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 134.65 and exchange rate charged 133.920.54
Total cost (%)
1.701.70
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.423.40
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 134.65 and exchange rate charged 133.780.65
Total cost (%)
1.801.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.683.60
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 (%)
0.57
Percentage difference between market reference rate 134.65 and exchange rate charged 133.890.57
Total cost (%)
2.102.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.464.20
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 (%)
0.48
Percentage difference between market reference rate 134.65 and exchange rate charged 134.000.48
Total cost (%)
2.412.41
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.274.82
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 (%)
0.74
Percentage difference between market reference rate 134.65 and exchange rate charged 133.660.74
Total cost (%)
2.662.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.925.32
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 (%)
1.81
Percentage difference between market reference rate 134.65 and exchange rate charged 132.221.81
Total cost (%)
2.962.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.705.92
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.17
Percentage difference between market reference rate 134.65 and exchange rate charged 133.081.17
Total cost (%)
3.093.09
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.036.18
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
7.005.38
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 134.65 and exchange rate charged 133.800.63
Total cost (%)
3.333.33
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.666.66
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
8.006.15
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 134.65 and exchange rate charged 133.800.63
Total cost (%)
3.713.71
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.657.42
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 (%)
1.90
Percentage difference between market reference rate 134.65 and exchange rate charged 132.101.90
Total cost (%)
3.823.82
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.937.64
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 (%)
3.83
Percentage difference between market reference rate 134.65 and exchange rate charged 129.493.83
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
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 (%)
0.54
Percentage difference between market reference rate 134.65 and exchange rate charged 133.920.54
Total cost (%)
4.394.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.418.78
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
8.006.15
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 134.65 and exchange rate charged 130.822.85
Total cost (%)
5.925.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.3911.84
Total Average Third Quarter
2.902.90
Total Average Second Quarter
2.812.81
Total Average
Fee
4.683.60
Exchange Rate Margin (%)
1.101.10
Total Cost Percent (%)
2.902.90
Total Cost (SGD) Total Cost (USD)
7.545.80
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
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 (%)
0.16
Percentage difference between market reference rate 134.99 and exchange rate charged 134.770.16
Total cost (%)
0.410.41
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.642.05
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
3.002.33
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 134.65 and exchange rate charged 133.920.54
Total cost (%)
1.011.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.515.05
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 (%)
0.02
Percentage difference between market reference rate 134.65 and exchange rate charged 134.620.02
Total cost (%)
1.041.04
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.715.20
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 134.65 and exchange rate charged 133.780.65
Total cost (%)
1.111.11
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.165.55
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 (%)
0.57
Percentage difference between market reference rate 134.65 and exchange rate charged 133.890.57
Total cost (%)
1.191.19
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.685.95
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 (%)
0.48
Percentage difference between market reference rate 134.65 and exchange rate charged 134.000.48
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
7.005.43
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 134.65 and exchange rate charged 133.800.63
Total cost (%)
1.721.72
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.098.60
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 (%)
0.74
Percentage difference between market reference rate 134.65 and exchange rate charged 133.660.74
Total cost (%)
1.821.82
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.749.10
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
8.006.20
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 134.65 and exchange rate charged 133.800.63
Total cost (%)
1.871.87
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.069.35
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.17
Percentage difference between market reference rate 134.65 and exchange rate charged 133.081.17
Total cost (%)
1.941.94
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.519.70
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 (%)
0.54
Percentage difference between market reference rate 134.65 and exchange rate charged 133.920.54
Total cost (%)
2.092.09
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.4810.45
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 (%)
1.81
Percentage difference between market reference rate 134.65 and exchange rate charged 132.221.81
Total cost (%)
2.432.43
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.6712.15
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 (%)
1.90
Percentage difference between market reference rate 134.65 and exchange rate charged 132.101.90
Total cost (%)
2.672.67
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.2213.35
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 (%)
3.83
Percentage difference between market reference rate 134.65 and exchange rate charged 129.493.83
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
24.7019.15
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
8.006.20
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 134.65 and exchange rate charged 130.822.85
Total cost (%)
4.094.09
Total cost (SGD)sort descendingTotal cost (USD)sort descending
26.3820.45
Total Average Third Quarter
1.921.92
Total Average Second Quarter
2.092.09
Total Average
Fee
5.284.09
Exchange Rate Margin (%)
1.101.10
Total Cost Percent (%)
1.921.92
Total Cost (SGD) Total Cost (USD)
12.389.60
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
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