Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from SINGAPORE to THAILAND

Data collected on: Jul 29, 2020
SGD | USD
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
1.561.20
0.15
Percentage difference between market reference rate 22.76 and exchange rate charged 22.73
0.15
0.750.75
1.951.50
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.772.90
0.00
Percentage difference between market reference rate 22.81 and exchange rate charged 22.82
0.00
1.451.45
3.772.90
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.51
Percentage difference between market reference rate 22.81 and exchange rate charged 22.47
1.51
1.511.51
3.933.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.59
Percentage difference between market reference rate 22.81 and exchange rate charged 22.68
0.59
1.741.74
4.523.48
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.86
Percentage difference between market reference rate 22.81 and exchange rate charged 22.39
1.86
3.013.01
7.836.02
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
2.17
Percentage difference between market reference rate 22.81 and exchange rate charged 22.32
2.17
3.323.32
8.636.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
3.48
Percentage difference between market reference rate 22.81 and exchange rate charged 22.02
3.48
3.483.48
9.056.96
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.006.15
0.94
Percentage difference between market reference rate 22.81 and exchange rate charged 22.60
0.94
4.024.02
10.458.04
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.007.69
0.59
Percentage difference between market reference rate 22.81 and exchange rate charged 22.68
0.59
4.444.44
11.548.88
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.007.69
0.81
Percentage difference between market reference rate 22.81 and exchange rate charged 22.63
0.81
4.664.66
12.129.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.38
2.17
Percentage difference between market reference rate 22.81 and exchange rate charged 22.32
2.17
4.864.86
12.649.72
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
12.009.23
0.68
Percentage difference between market reference rate 22.81 and exchange rate charged 22.66
0.68
5.295.29
13.7510.58
Nai Nguan Remittance Service
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12.009.23
0.68
Percentage difference between market reference rate 22.81 and exchange rate charged 22.66
0.68
5.295.29
13.7510.58
Esary Trading PTE, Ltd
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12.009.23
0.72
Percentage difference between market reference rate 22.81 and exchange rate charged 22.65
0.72
5.345.34
13.8810.68
Nai Nguan Remittance Service
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
14.0010.77
0.68
Percentage difference between market reference rate 22.81 and exchange rate charged 22.66
0.68
6.066.06
15.7612.12
East Asia Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
8.006.15
3.57
Percentage difference between market reference rate 22.81 and exchange rate charged 22.00
3.57
6.656.65
17.2913.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.009.23
2.69
Percentage difference between market reference rate 22.81 and exchange rate charged 22.20
2.69
7.317.31
19.0114.62
Mass Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
25.0019.23
3.57
Percentage difference between market reference rate 22.81 and exchange rate charged 22.00
3.57
13.1913.19
34.2926.38
Golden Dragon
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
15.0011.54
11.90
Percentage difference between market reference rate 22.81 and exchange rate charged 20.10
11.90
17.6717.67
45.9435.34
Total Average Third Quarter
5.275.27
Total Average Second Quarter
4.924.92
Total Average
Fee
8.396.45
Exchange Rate Margin (%)
2.042.04
Total Cost Percent (%)
5.275.27
Total Cost (SGD) Total Cost (USD)
13.6910.53
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 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
3.873.00
0.15
Percentage difference between market reference rate 22.76 and exchange rate charged 22.73
0.15
0.750.75
4.843.75
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.254.84
0.00
Percentage difference between market reference rate 22.81 and exchange rate charged 22.82
0.00
0.970.97
6.264.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.59
Percentage difference between market reference rate 22.81 and exchange rate charged 22.68
0.59
1.061.06
6.845.30
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.51
Percentage difference between market reference rate 22.81 and exchange rate charged 22.47
1.51
1.511.51
9.747.55
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.007.75
0.59
Percentage difference between market reference rate 22.81 and exchange rate charged 22.68
0.59
2.142.14
13.8010.70
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.006.20
0.94
Percentage difference between market reference rate 22.81 and exchange rate charged 22.60
0.94
2.182.18
14.0610.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
1.86
Percentage difference between market reference rate 22.81 and exchange rate charged 22.39
1.86
2.332.33
15.0311.65
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.007.75
0.81
Percentage difference between market reference rate 22.81 and exchange rate charged 22.63
0.81
2.362.36
15.2211.80
Nai Nguan Remittance Service
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12.009.30
0.68
Percentage difference between market reference rate 22.81 and exchange rate charged 22.66
0.68
2.542.54
16.3812.70
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
12.009.30
0.68
Percentage difference between market reference rate 22.81 and exchange rate charged 22.66
0.68
2.542.54
16.3812.70
Esary Trading PTE, Ltd
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12.009.30
0.72
Percentage difference between market reference rate 22.81 and exchange rate charged 22.65
0.72
2.582.58
16.6412.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
2.17
Percentage difference between market reference rate 22.81 and exchange rate charged 22.32
2.17
2.792.79
18.0013.95
Nai Nguan Remittance Service
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
14.0010.85
0.68
Percentage difference between market reference rate 22.81 and exchange rate charged 22.66
0.68
2.852.85
18.3814.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.43
2.17
Percentage difference between market reference rate 22.81 and exchange rate charged 22.32
2.17
3.253.25
20.9616.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
3.48
Percentage difference between market reference rate 22.81 and exchange rate charged 22.02
3.48
3.483.48
22.4517.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.009.30
2.69
Percentage difference between market reference rate 22.81 and exchange rate charged 22.20
2.69
4.554.55
29.3522.75
East Asia Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
8.006.20
3.57
Percentage difference between market reference rate 22.81 and exchange rate charged 22.00
3.57
4.814.81
31.0224.05
Mass Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
25.0019.38
3.57
Percentage difference between market reference rate 22.81 and exchange rate charged 22.00
3.57
7.457.45
48.0537.25
Golden Dragon
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
15.0011.63
11.90
Percentage difference between market reference rate 22.81 and exchange rate charged 20.10
11.90
14.2214.22
91.7271.10
Total Average Third Quarter
3.393.39
Total Average Second Quarter
3.033.03
Total Average
Fee
8.696.74
Exchange Rate Margin (%)
2.042.04
Total Cost Percent (%)
3.393.39
Total Cost (SGD) Total Cost (USD)
21.8516.94
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash