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: Oct 27, 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
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.491.92
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 135.62 and exchange rate charged 135.360.19
Total cost (%)
1.151.15
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.992.30
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
2.832.18
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 135.62 and exchange rate charged 135.510.08
Total cost (%)
1.171.17
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.042.34
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 (%)
0.12
Percentage difference between market reference rate 135.62 and exchange rate charged 135.450.12
Total cost (%)
1.661.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.323.32
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 (%)
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.300.97
Total cost (%)
2.122.12
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.514.24
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 (%)
1.33
Percentage difference between market reference rate 135.62 and exchange rate charged 133.811.33
Total cost (%)
2.482.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.454.96
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 (%)
0.67
Percentage difference between market reference rate 135.62 and exchange rate charged 134.700.67
Total cost (%)
2.602.60
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.765.20
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 (%)
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.590.76
Total cost (%)
2.682.68
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.975.36
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 (%)
1.24
Percentage difference between market reference rate 135.62 and exchange rate charged 133.941.24
Total cost (%)
3.163.16
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.226.32
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 (%)
1.29
Percentage difference between market reference rate 135.62 and exchange rate charged 133.871.29
Total cost (%)
3.213.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.356.42
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 (%)
2.22
Percentage difference between market reference rate 135.62 and exchange rate charged 132.612.22
Total cost (%)
3.373.37
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.766.74
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 (%)
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.580.76
Total cost (%)
3.463.46
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.006.92
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 (%)
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.580.76
Total cost (%)
3.843.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.987.68
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 (%)
0.93
Percentage difference between market reference rate 135.62 and exchange rate charged 134.350.93
Total cost (%)
4.014.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.438.02
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 (%)
4.24
Percentage difference between market reference rate 135.62 and exchange rate charged 129.864.24
Total cost (%)
4.244.24
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.028.48
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 (%)
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.300.97
Total cost (%)
4.824.82
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.539.64
Total Average Fourth Quarter 2020
2.932.93
Total Average Third Quarter 2020
2.902.90
Total Average
Fee
4.753.66
Exchange Rate Margin (%)
1.101.10
Total Cost Percent (%)
2.932.93
Total Cost (SGD) Total Cost (USD)
7.625.86
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
2.261.75
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 135.62 and exchange rate charged 135.360.19
Total cost (%)
0.540.54
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.482.70
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 (%)
0.12
Percentage difference between market reference rate 135.62 and exchange rate charged 135.450.12
Total cost (%)
0.740.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.773.70
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
5.133.98
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 135.62 and exchange rate charged 135.510.08
Total cost (%)
0.870.87
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.614.35
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 (%)
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.300.97
Total cost (%)
1.431.43
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.227.15
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 (%)
0.67
Percentage difference between market reference rate 135.62 and exchange rate charged 134.700.67
Total cost (%)
1.761.76
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.358.80
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 (%)
1.33
Percentage difference between market reference rate 135.62 and exchange rate charged 133.811.33
Total cost (%)
1.801.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.619.00
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 (%)
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.590.76
Total cost (%)
1.841.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.879.20
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 (%)
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.580.76
Total cost (%)
1.851.85
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.939.25
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 (%)
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.580.76
Total cost (%)
2.002.00
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.9010.00
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 (%)
1.24
Percentage difference between market reference rate 135.62 and exchange rate charged 133.941.24
Total cost (%)
2.012.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.9610.05
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 (%)
1.29
Percentage difference between market reference rate 135.62 and exchange rate charged 133.871.29
Total cost (%)
2.062.06
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.2910.30
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 (%)
0.93
Percentage difference between market reference rate 135.62 and exchange rate charged 134.350.93
Total cost (%)
2.172.17
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.0010.85
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 (%)
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.300.97
Total cost (%)
2.522.52
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.2512.60
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
4.003.10
Exchange rate margin (%)
2.22
Percentage difference between market reference rate 135.62 and exchange rate charged 132.612.22
Total cost (%)
2.842.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
18.3214.20
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 (%)
4.24
Percentage difference between market reference rate 135.62 and exchange rate charged 129.864.24
Total cost (%)
4.244.24
Total cost (SGD)sort descendingTotal cost (USD)sort descending
27.3521.20
Total Average Fourth Quarter 2020
1.911.91
Total Average Third Quarter 2020
1.921.92
Total Average
Fee
5.234.05
Exchange Rate Margin (%)
1.101.10
Total Cost Percent (%)
1.911.91
Total Cost (SGD) Total Cost (USD)
12.339.56
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