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: Mar 24, 2021
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
3.88
Percentage difference between market reference rate 147.45 and exchange rate charged 141.73
3.88
3.883.88
10.097.76
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.15
Percentage difference between market reference rate 147.45 and exchange rate charged 147.23
0.15
1.101.10
2.862.20
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.832.18
1.82
Percentage difference between market reference rate 147.45 and exchange rate charged 144.77
1.82
2.902.90
7.545.80
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.08
0.68
Percentage difference between market reference rate 147.45 and exchange rate charged 146.45
0.68
2.212.21
5.754.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.005.38
0.78
Percentage difference between market reference rate 147.45 and exchange rate charged 146.29
0.78
3.473.47
9.026.94
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
0.61
Percentage difference between market reference rate 147.45 and exchange rate charged 146.54
0.61
2.542.54
6.605.08
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.86
Percentage difference between market reference rate 147.45 and exchange rate charged 146.18
0.86
2.012.01
5.234.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.66
Percentage difference between market reference rate 147.45 and exchange rate charged 146.47
0.66
1.821.82
4.733.64
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.85
0.98
Percentage difference between market reference rate 147.45 and exchange rate charged 146.00
0.98
2.902.90
7.545.80
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.007.69
0.69
Percentage difference between market reference rate 147.45 and exchange rate charged 146.43
0.69
4.544.54
11.809.08
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.86
Percentage difference between market reference rate 147.45 and exchange rate charged 144.71
1.86
3.783.78
9.837.56
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.55
Percentage difference between market reference rate 147.45 and exchange rate charged 145.16
1.55
3.473.47
9.026.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.006.15
1.85
Percentage difference between market reference rate 147.45 and exchange rate charged 144.72
1.85
4.934.93
12.829.86
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
0.24
Percentage difference between market reference rate 147.45 and exchange rate charged 147.10
0.24
2.162.16
5.624.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.85
Percentage difference between market reference rate 147.45 and exchange rate charged 144.72
1.85
3.003.00
7.806.00
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
7.005.38
0.24
Percentage difference between market reference rate 147.45 and exchange rate charged 147.10
0.24
2.932.93
7.625.86
Total Average First Quarter
2.982.98
Total Average Fourth Quarter 2020
2.932.93
Total Average
Fee
4.713.62
Exchange Rate Margin (%)
1.171.17
Total Cost Percent (%)
2.982.98
Total Cost (SGD) Total Cost (USD)
7.745.96
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
0.15
Percentage difference between market reference rate 147.45 and exchange rate charged 147.23
0.15
0.500.50
3.232.50
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.24
Percentage difference between market reference rate 147.45 and exchange rate charged 147.10
0.24
1.791.79
11.558.95
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
11.008.53
0.24
Percentage difference between market reference rate 147.45 and exchange rate charged 147.10
0.24
1.941.94
12.519.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.43
0.61
Percentage difference between market reference rate 147.45 and exchange rate charged 146.54
0.61
1.701.70
10.978.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.66
Percentage difference between market reference rate 147.45 and exchange rate charged 146.47
0.66
1.131.13
7.295.65
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.68
Percentage difference between market reference rate 147.45 and exchange rate charged 146.45
0.68
1.301.30
8.396.50
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.007.75
0.69
Percentage difference between market reference rate 147.45 and exchange rate charged 146.43
0.69
2.242.24
14.4511.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
17.0013.18
0.78
Percentage difference between market reference rate 147.45 and exchange rate charged 146.29
0.78
3.423.42
22.0617.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.86
Percentage difference between market reference rate 147.45 and exchange rate charged 146.18
0.86
1.321.32
8.516.60
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
7.005.43
0.98
Percentage difference between market reference rate 147.45 and exchange rate charged 146.00
0.98
2.072.07
13.3510.35
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
1.55
Percentage difference between market reference rate 147.45 and exchange rate charged 145.16
1.55
2.332.33
15.0311.65
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.133.98
1.82
Percentage difference between market reference rate 147.45 and exchange rate charged 144.77
1.82
2.612.61
16.8313.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
1.85
Percentage difference between market reference rate 147.45 and exchange rate charged 144.72
1.85
2.472.47
15.9312.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.009.30
1.85
Percentage difference between market reference rate 147.45 and exchange rate charged 144.72
1.85
3.713.71
23.9318.55
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.86
Percentage difference between market reference rate 147.45 and exchange rate charged 144.71
1.86
2.632.63
16.9613.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
3.88
Percentage difference between market reference rate 147.45 and exchange rate charged 141.73
3.88
3.883.88
25.0319.40
Total Average First Quarter
2.192.19
Total Average Fourth Quarter 2020
1.911.91
Total Average
Fee
6.595.11
Exchange Rate Margin (%)
1.171.17
Total Cost Percent (%)
2.192.19
Total Cost (SGD) Total Cost (USD)
14.1310.95
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