Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Nov 22, 2023-Nov 30, 2023
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
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.541.95
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 247.49 and exchange rate charged 247.51-0.01
Total cost (%)
0.970.97
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.521.94
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 (%)
0.06
Percentage difference between market reference rate 246.45 and exchange rate charged 246.290.06
Total cost (%)
1.021.02
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.652.04
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.630.41
Total cost (%)
1.561.56
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.063.12
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
3.002.31
Exchange rate margin (%)
0.69
Percentage difference between market reference rate 246.59 and exchange rate charged 244.900.69
Total cost (%)
1.841.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.783.68
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
0.88
Percentage difference between market reference rate 245.24 and exchange rate charged 243.080.88
Total cost (%)
2.802.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.285.60
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
5.003.85
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 245.47 and exchange rate charged 243.001.01
Total cost (%)
2.932.93
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.625.86
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
2.00
Percentage difference between market reference rate 246.64 and exchange rate charged 241.702.00
Total cost (%)
3.153.15
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.196.30
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 (%)
1.75
Percentage difference between market reference rate 245.45 and exchange rate charged 241.151.75
Total cost (%)
3.673.67
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.547.34
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.201.91
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.201.91
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
4.364.36
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.348.72
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
4.364.36
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.348.72
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.808.31
Exchange rate margin (%)
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.630.41
Total cost (%)
4.564.56
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.869.12
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.54
Exchange rate margin (%)
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.714.43
Total cost (%)
5.205.20
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.5210.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.54
Exchange rate margin (%)
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.714.43
Total cost (%)
5.205.20
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.5210.40
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.799.84
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
7.367.36
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.1414.72
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.799.84
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
7.367.36
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.1414.72
Total Average Fourth Quarter 2023
3.763.76
Total Average Third Quarter 2023
3.713.71
Total Average
Fee
5.264.04
Exchange Rate Margin (%)
1.741.74
Total Cost Percent (%)
3.763.76
Total Cost (SGD) Total Cost (USD)
9.797.53
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 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 (%)
0.06
Percentage difference between market reference rate 246.45 and exchange rate charged 246.290.06
Total cost (%)
0.410.41
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.642.05
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.573.54
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 247.49 and exchange rate charged 247.51-0.01
Total cost (%)
0.700.70
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.523.50
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.002.33
Exchange rate margin (%)
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.630.41
Total cost (%)
0.880.88
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.684.40
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
3.002.33
Exchange rate margin (%)
0.69
Percentage difference between market reference rate 246.59 and exchange rate charged 244.900.69
Total cost (%)
1.161.16
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.485.80
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
0.88
Percentage difference between market reference rate 245.24 and exchange rate charged 243.080.88
Total cost (%)
1.661.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.718.30
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
5.003.88
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 245.47 and exchange rate charged 243.001.01
Total cost (%)
1.791.79
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.558.95
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 (%)
1.75
Percentage difference between market reference rate 245.45 and exchange rate charged 241.151.75
Total cost (%)
2.532.53
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.3212.65
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
2.00
Percentage difference between market reference rate 246.64 and exchange rate charged 241.702.00
Total cost (%)
2.622.62
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.9013.10
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.201.91
Total cost (%)
2.692.69
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.3513.45
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.91
Percentage difference between market reference rate 244.87 and exchange rate charged 240.201.91
Total cost (%)
2.692.69
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.3513.45
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
3.213.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
20.7016.05
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
3.213.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
20.7016.05
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
22.3517.33
Exchange rate margin (%)
0.41
Percentage difference between market reference rate 245.65 and exchange rate charged 244.630.41
Total cost (%)
3.883.88
Total cost (SGD)sort descendingTotal cost (USD)sort descending
25.0319.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.55
Exchange rate margin (%)
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.714.43
Total cost (%)
4.744.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
30.5723.70
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.001.55
Exchange rate margin (%)
4.43
Percentage difference between market reference rate 246.64 and exchange rate charged 235.714.43
Total cost (%)
4.744.74
Total cost (SGD)sort descendingTotal cost (USD)sort descending
30.5723.70
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
24.3418.87
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
6.216.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
40.0531.05
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
24.3418.87
Exchange rate margin (%)
2.44
Percentage difference between market reference rate 245.22 and exchange rate charged 239.232.44
Total cost (%)
6.216.21
Total cost (SGD)sort descendingTotal cost (USD)sort descending
40.0531.05
Total Average Fourth Quarter 2023
2.902.90
Total Average Third Quarter 2023
2.852.85
Total Average
Fee
7.465.78
Exchange Rate Margin (%)
1.741.74
Total Cost Percent (%)
2.902.90
Total Cost (SGD) Total Cost (USD)
18.7214.51
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
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