Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to SRI LANKA

Data collected on: Oct 27, 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 (%)
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.
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.19
Percentage difference between market reference rate 135.62 and exchange rate charged 135.36
0.19
1.151.15
2.992.30
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.832.18
0.08
Percentage difference between market reference rate 135.62 and exchange rate charged 135.51
0.08
1.171.17
3.042.34
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.08
0.12
Percentage difference between market reference rate 135.62 and exchange rate charged 135.45
0.12
1.661.66
4.323.32
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.30
0.97
2.122.12
5.514.24
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.33
Percentage difference between market reference rate 135.62 and exchange rate charged 133.81
1.33
2.482.48
6.454.96
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.85
0.67
Percentage difference between market reference rate 135.62 and exchange rate charged 134.70
0.67
2.602.60
6.765.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.59
0.76
2.682.68
6.975.36
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.24
Percentage difference between market reference rate 135.62 and exchange rate charged 133.94
1.24
3.163.16
8.226.32
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.29
Percentage difference between market reference rate 135.62 and exchange rate charged 133.87
1.29
3.213.21
8.356.42
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
2.22
Percentage difference between market reference rate 135.62 and exchange rate charged 132.61
2.22
3.373.37
8.766.74
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
7.005.38
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.58
0.76
3.463.46
9.006.92
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
8.006.15
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.58
0.76
3.843.84
9.987.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.006.15
0.93
Percentage difference between market reference rate 135.62 and exchange rate charged 134.35
0.93
4.014.01
10.438.02
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
4.24
Percentage difference between market reference rate 135.62 and exchange rate charged 129.86
4.24
4.244.24
11.028.48
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.007.69
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.30
0.97
4.824.82
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
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.19
Percentage difference between market reference rate 135.62 and exchange rate charged 135.36
0.19
0.540.54
3.482.70
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.12
Percentage difference between market reference rate 135.62 and exchange rate charged 135.45
0.12
0.740.74
4.773.70
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.133.98
0.08
Percentage difference between market reference rate 135.62 and exchange rate charged 135.51
0.08
0.870.87
5.614.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.30
0.97
1.431.43
9.227.15
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
7.005.43
0.67
Percentage difference between market reference rate 135.62 and exchange rate charged 134.70
0.67
1.761.76
11.358.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
1.33
Percentage difference between market reference rate 135.62 and exchange rate charged 133.81
1.33
1.801.80
11.619.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.43
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.59
0.76
1.841.84
11.879.20
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
7.005.43
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.58
0.76
1.851.85
11.939.25
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
8.006.20
0.76
Percentage difference between market reference rate 135.62 and exchange rate charged 134.58
0.76
2.002.00
12.9010.00
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
1.24
Percentage difference between market reference rate 135.62 and exchange rate charged 133.94
1.24
2.012.01
12.9610.05
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.29
Percentage difference between market reference rate 135.62 and exchange rate charged 133.87
1.29
2.062.06
13.2910.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.006.20
0.93
Percentage difference between market reference rate 135.62 and exchange rate charged 134.35
0.93
2.172.17
14.0010.85
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.007.75
0.97
Percentage difference between market reference rate 135.62 and exchange rate charged 134.30
0.97
2.522.52
16.2512.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
2.22
Percentage difference between market reference rate 135.62 and exchange rate charged 132.61
2.22
2.842.84
18.3214.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
4.24
Percentage difference between market reference rate 135.62 and exchange rate charged 129.86
4.24
4.244.24
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