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Singapore
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SGD

📈 Singapore to Indonesia Money Transfer Snapshot Today

  • Best SGD to IDR exchange rate today: IDR 13,620.7700, offered by Remitly
  • Number of money transfer providers compared: 16
  • Exchange rate range: IDR 13,620.7700 to IDR 12,849.7276
  • Potential savings on SGD 1000: IDR 771,042.40
  • Number of deals and promo codes: 4
  • Mid-marketThe mid-market exchange rate (also called the interbank rate) is the real SGD to IDR exchange rate before providers add their margin or fees. exchange rate: 1 SGD = IDR 13,503.6671 (Updated about an hour ago)

See detailed Singapore to Indonesia money transfer comparison below.

Singapore to Indonesia money transfer providers that matched the search criteria

(*)(*)(*)(*)( )
1000 SGD =
13 620 770.00 IDR
Transfer Limit (SGD): 0 - 20000
Locked-In Rate1 SGD = 13,620.7700 IDR

📢 Special exchange rate applied for first transfer
(*)(*)(*)(*)(*)
1000 SGD =
13 494 721.70 IDR
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 13,494.7217 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 493 257.80 IDR
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 13,493.2578 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 472 997.70 IDR
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 13,472.9977 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 468 111.90 IDR
Transfer Limit (SGD): 50 - 6000
Locked-In Rate1 SGD = 13,468.1119 IDR

📢 Special exchange rate applied for first transfer
(*)(*)(*)(*)(*)
1000 SGD =
13 458 220.00 IDR
Transfer Limit (SGD): No Limits
Locked-In Rate1 SGD = 13,458.2200 IDR
( )( )( )( )( )
1000 SGD =
13 456 199.60 IDR
Transfer Limit (SGD): No Limits
Locked-In Rate1 SGD = 13,456.1996 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 432 920.00 IDR
Transfer Limit (SGD): 1 - 20000
Locked-In Rate1 SGD = 13,432.9200 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 422 240.00 IDR
Transfer Limit (SGD): 1 - 1000000
Locked-In Rate1 SGD = 13,422.2400 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 418 970.60 IDR
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 13,418.9706 IDR

📢 B2B transfers only
( )( )( )( )( )
1000 SGD =
13 417 920.00 IDR
Transfer Limit (SGD): 100 - 99000000
Indicative Rate1 SGD = 13,417.9200 IDR
(*)(*)(*)(*)(*)
1000 SGD =
13 318 905.60 IDR
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 13,318.9056 IDR

📢 B2B transfers only
(*)(*)(*)(*)( )
1000 SGD =
13 245 812.40 IDR
Transfer Limit (SGD): No Limits
Locked-In Rate1 SGD = 13,245.8124 IDR
(*)(*)(*)( )( )
1000 SGD =
13 185 899.30 IDR
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 13,185.8993 IDR

📢 New! Cash pickup available
(*)(*)(*)(*)(*)
1000 SGD =
12 849 727.60 IDR
Transfer Limit (SGD): 2.991 - 14955
Locked-In Rate1 SGD = 12,849.7276 IDR
Other ways to send money from Singapore to Indonesia
(*)(*)(*)(*)(*)
1000 SGD =
13 473 733.00 IDR
Transfer Limit (SGD): 8602 - No Limit
Indicative Rate1 SGD = 13,473.7330 IDR

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





💡What these rates mean for sending money to Indonesia from Singapore today

Compare top-rated money transfer providers to find the best way to remit money to Indonesia from Singapore. Check today's SGD to IDR exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.

RemitFinder compared 16 providers for Singapore to Indonesia money transfers today. Here is what the competition looks like right now:

Today's Most Competitive Providers to Transfer Money to Indonesia from Singapore

🥇 Remitly with 1 SGD = 13,620.7700 IDR (best SGD to IDR exchange rate today).

🥈 Revolut offering 1 SGD = 13,494.7217 IDR.

🥉 Regency FX & Key Currency are also providing good FX rate today.

The 16 providers compared today offer exchange rates from IDR 12,849.7276 to IDR 13,620.7700. On a SGD 1000 transfer from Singapore to Indonesia, that spread means up to IDR 771,042.40 in potential savings — simply by choosing the right provider.

Singapore Dollar to Indonesian Rupiah exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much IDR your recipient receives in Indonesia.

Compare the providers above to maximize every SGD you send to Indonesia. The best Singapore Dollar to Indonesian Rupiah transfer rate changes daily, so comparing today matters.


Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Singapore.


👇 There is more to a great transfer than today's SGD to IDR exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Indonesia from Singapore.

Whilst Singapore Dollar to Indonesian Rupiah exchange rate is crucial, historical data shows that transfer fees, SGD amount sent and payment and delivery methods can also significantly influence your final payout.

Below, we analyze 5 years of Singapore to Indonesia remittance data to show you exactly where costs arise, and the best practices that maximize your IDR payout on every transfer.



Cost insights to remit money from Singapore to Indonesia (data-backed)

When you send money internationally from Singapore to Indonesia, the following 4 key factors determine how much your recipient actually receives:

  • SGD to IDR exchange rate
  • Transfer fee
  • Payment method
  • Delivery method

Ideally, optimizing all four factors together gives your recipient in Indonesia the maximum IDR payout on every transfer.

Another counter-balancing aspect is money transfer speed. If you need to transfer money from Singapore to Indonesia urgently, you may have to compromise on some of the above factors whilst optimizing for speed.

To understand what actually drives cost, we analyzed historical remittance pricing1 for SGD to IDR money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.

This analysis is based on 659 actual Singapore to Indonesia money transfers handled by 27 providers over the last 5 years (for a SGD 260 remittance benchmark).

This analysis of real Singapore Dollar to Indonesian Rupiah transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Singapore Dollar you send.

Before we deep dive, here are the key trends:


📌 Key Cost Insights: Transferring money from Singapore to Indonesia

  • Average total cost: 3.41% (range 0.19% to 10.88%, spread 10.69 percentage points)
  • Potential payout difference: On a SGD 260 transfer, the above variation can save you up to SGD 27.79.
  • Average FX markup: 1.04% (range -0.64%A negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 8.96%, spread 9.60 percentage points)
  • Average transfer fee: SGD 6.16 (range SGD 0.00 to SGD 25.00)
  • Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (2.18% avg cost); most expensive is Debit Card → Mobile Wallet (6.52%)
  • Payment/delivery method choice impact: Cheapest vs most expensive combo saves 4.34% (SGD 11.29 on SGD 260 transfer).
  • Market coverage: ~27 providers on average (competition level: highly competitive)
  • Average speed: About 16 hours

🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Indonesia from Singapore.


📈 SGD to IDR Exchange Rate: The biggest factor when you send Singapore Dollar to Indonesian Rupiah

The exchange rate on your Singapore to Indonesia money transfer is the single biggest factor determining your overall SGD cost — and how many Indonesian Rupiah your recipient actually receives.

To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rateThe mid-market exchange rate (also called the interbank rate) is the real SGD to IDR exchange rate before providers add their margin or fees. and the rate your provider actually offers you.

Here is what 5 years of historical data shows for FX markup on Singapore Dollar to Indonesia transfers:

  • Average markup: 1.04%
  • Median markup: 0.85%
  • Lowest markup: -0.64%A negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts.
  • Highest markup: 8.96%

That is a spread of 9.60 percentage points between the lowest and highest observed FX markups.

To put this into perspective — on a SGD 260 transfer, that spread is IDR 24.96 in differences purely from the exchange rate. On a SGD 645 transfer, that gap grows to IDR 61.92.

🛠️ How to use this insight: When comparing providers for Singapore to Indonesia remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.

The SGD to IDR exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.


💰 Transfer Fees: What to watch when you remit money from Singapore to Indonesia

Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Singapore Dollar actually reaches your recipient in Indonesia.

Based on 5 years of pricing data, here is what we see on Singapore Dollar to Indonesia money transfer fees:

  • Average fee: SGD 6.16
  • Median fee: SGD 5.00
  • Lowest fee: SGD 0.00
  • Highest fee: SGD 25.00

The average fee of SGD 6.16 represents 2.37% of a SGD 260 transfer, a meaningful cost on its own.

And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to SGD 25.00.

🛠️ How to use this insight: For your next money transfer from Singapore to Indonesian Rupiah, look for providers that offer lower (or even 0) transfer fees.

One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower SGD to IDR exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.

This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.

Finally, keep in mind that fixed fees matter more on smaller transfers. On a SGD 200 transfer, a SGD 5 fee is 2.5% of your total amount. On a SGD 2,000 transfer, that same fee is just 0.25%. If you send smaller Singapore Dollar to Indonesian Rupiah transfers regularly, pay even more attention to fees.

Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your SGD to IDR transfer, not just rates or fees alone.


💸 Payment & Delivery Methods that reduce your cost to transfer money to Indonesia from Singapore

Based on our analysis of historical Singapore to Indonesia remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.

Even when Singapore Dollar to Indonesian Rupiah exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.

💳 Average Cost by Payment Method

Here is the average cost for popular payment methods used to send money to Indonesia from Singapore:

  • Bank Account Transfer: 2.40%
  • Mobile Wallet: 2.69%
  • Debit Card: 3.52%
  • Cash: 3.91%
  • Credit Card: 4.27%

That is a spread of 1.86 percentage points.

👉 On a SGD 260 transfer, this means you could save up to SGD 4.85 simply by choosing a lower-cost payment method.

These savings increase further for larger SGD transfer amounts.


📥 Average Cost by Delivery Method

Here is the average cost of popular delivery methods used to remit money from Singapore to Indonesia:

  • Cash Pickup: 3.26%
  • Bank Deposit: 3.49%
  • Mobile Wallet: 6.52%

This is a difference of 3.26 percentage points.

👉 On a SGD 260 transfer, you could save up to SGD 8.47 by choosing Cash Pickup instead of Mobile Wallet.

Different combinations of payment methods in Singapore and delivery methods in Indonesia can lead to very different total costs when sending or remitting money.

Here is a summary of the average cost of payment and delivery method combinations for Singapore to IDR money transfers.


Payment MethodDelivery Method Average Cost (%)
Bank Account TransferBank Deposit2.18
Mobile WalletCash Pickup2.32
Mobile WalletBank Deposit2.92
Bank Account TransferCash Pickup3.03
CashCash Pickup3.11
Debit CardCash Pickup3.42
Debit CardBank Deposit3.53
Credit CardCash Pickup4.20
Credit CardBank Deposit4.23
CashBank Deposit4.23
Credit CardMobile Wallet6.52
Debit CardMobile Wallet6.52

Sorted by Average Cost % (cheapest to most expensive).


The difference between these SGD to IDR payment and delivery options is significant.

  • Lowest cost: Bank Account Transfer → Bank Deposit (2.18%)
  • Highest cost: Debit Card → Mobile Wallet (6.52%)
  • Difference: 4.34 percentage points

👉 On a SGD 260 transfer, you could save up to SGD 16.95

👉 On a SGD 645 transfer, savings increase to SGD 42.05

Here is a quick summary of the average historical cost of various payment and delivery methods for SGD to Indonesia money transfers.

💸 Cheapest Payment & Delivery Methods to send SGD to IDR transfers (data-backed)

  • Cheapest payment method: Bank Account Transfer (2.40%) vs Credit Card (4.27%)
  • Cheapest delivery method: Cash Pickup (3.26%) vs Mobile Wallet (6.52%)
  • Cheapest combination: Bank Account Transfer → Bank Deposit (2.18%) vs Debit Card → Mobile Wallet (6.52%)

🛠️ How to use this insight: As you compare money transfer providers for your next Singapore to Indonesia international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.

This can help you avoid the pitfall of "great exchange rate, expensive methods".

You can save money on your Singapore to Indonesia remittances by carefully choosing the cheapest payment and delivery methods.


🏦 Are banks more expensive than money transfer services for Singapore to Indonesia money transfers?

When we compared Singapore banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.

We observed that traditional banks charged 1.24 percentage points more on average than money transfer providers for Singapore to Indonesia remittances.

This means banks are roughly 1.37x more expensive for sending SGD to Indonesia.

Here are the key stats behind this comparison:

BanksMTOs^Difference
Average transfer feeSGD 9.37SGD 5.86SGD 3.51
Exchange rate markup0.94%1.05%-0.12 pp*
Average total cost (%)4.54%3.31%1.24 pp*

^MTO: Money transfer operator, a commonly used term for a money transfer provider

*Percentage points


🛠️ How to use this insight: Whilst banks in Singapore may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in Singapore, we recommend comparing with money transfer companies to find your best options.



📊 Does sending more money reduce the cost to remit money from Singapore to Indonesia?

To see if transfer cost varies based on the amount sent, we compared the average cost of sending SGD 260 vs SGD 645 from Singapore to Indonesia.

We found that sending a higher amount (SGD 645) is typically cheaper — average cost drops from 3.41% to 2.11%, a reduction of 1.30 percentage points.

The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.

🛠️ How to use this insight: Since it is generally cheaper to send higher Singapore Dollar amounts to Indonesia, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.


🏛 How competitive is the market for sending money to Indonesia from Singapore?

Based on data from the last 5 years, Singapore Dollar to Indonesian Rupiah money transfers are provided on an average by 27 remittance companies. With this number of providers, we consider the level of market competition to be highly competitive.

Traditional banks account for only 18.5% of active providers (5 out of 27), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer SGD to Indonesia.

A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Singapore to Indonesia remittances.

This is why comparing providers is especially important when you transfer money from Singapore to Indonesia.


⏱️ How fast can you transfer Singapore Dollar to Indonesian Rupiah?

If your recipient in Indonesia needs funds urgently, transfer speed becomes just as important as cost when sending money.

Here is what we see for Singapore to Indonesia transfers:

  • Average transfer time: About 16 hours.
  • Fastest transfer time: About less than 1 hour.
  • Slowest transfer time: About 96 hours (~4.0 days).
  • Average speed at SGD 260: About 16 hours.
  • Average speed at SGD 645: About 16 hours.

Banks vs money transfer providers speed comparison: Banks are 11 hours faster on average than money transfer providers.

In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer SGD to Indonesia.

🛠️ How to use this insight: If you need to send money from Singapore to Indonesia in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Indonesia.

Transfer speed for Singapore to Indonesia money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.


Frequently Asked Questions: Sending money to Indonesia from Singapore

These FAQs use data from RemitFinder's historical analysis of Singapore to Indonesia money transfers over several years.

  • What factors affect the total cost of sending money from Singapore to Indonesia?

  • How much does the exchange rate affect transferring money to Indonesia from Singapore?

  • Can you get a better-than-market rate when you send Singapore Dollar to Indonesia?

  • Exchange Rate vs Transfer Fee: What matters more when you send money to Indonesia from Singapore?

  • How much can costs vary between providers when sending money from Singapore to Indonesia?

  • Why do Money Transfer Providers charge different rates for Singapore Dollar to Indonesian Rupiah money transfers?

  • How stable are the costs to remit money to Indonesia from Singapore?

  • Which Payment Method is the cheapest to send money from Singapore to Indonesia?

  • Is Debit Card cheaper than Credit Card when you transfer money to Indonesia from Singapore?

  • Which Delivery Method is cheapest when you remit money to Indonesia from Singapore?

  • Is Bank Deposit cheaper than Cash Pickup when you send money to Indonesia from Singapore?

  • What is the cheapest way to send money from Singapore to Indonesia?

  • Does sending more money reduce the cost to transfer money to Indonesia from Singapore?

  • How long does it take to send SGD to IDR money transfers?

  • Can you instantly transfer money from Singapore to Indonesia?

  • Are banks more expensive than money transfer companies for Singapore to Indonesia remittances?

  • Why do banks charge more to remit money from Singapore to Indonesia?

  • How competitive is the market for sending money from Singapore to Indonesia?

  • Can you overpay if you do not compare providers before transferring money to Indonesia from Singapore?



Latest Exchange Rates for Sending Money to Indonesia from Singapore

Here are some latest SGD to IDR (Singapore Dollar to Indonesian Rupiah) exchange rates for popular conversion amounts*.

1 SGD13,503.67 IDR
5 SGD67,518.34 IDR
10 SGD135,036.67 IDR
25 SGD337,591.68 IDR
50 SGD675,183.36 IDR
100 SGD1,350,366.71 IDR
150 SGD2,025,550.07 IDR
200 SGD2,700,733.42 IDR
250 SGD3,375,916.78 IDR
300 SGD4,051,100.13 IDR
400 SGD5,401,466.84 IDR
500 SGD6,751,833.55 IDR
600 SGD8,102,200.26 IDR
700 SGD9,452,566.97 IDR
800 SGD10,802,933.68 IDR
1000 SGD13,503,667.10 IDR
1500 SGD20,255,500.65 IDR
2000 SGD27,007,334.20 IDR
2500 SGD33,759,167.75 IDR
3000 SGD40,511,001.30 IDR
4000 SGD54,014,668.40 IDR
5000 SGD67,518,335.50 IDR
10000 SGD135,036,671.00 IDR
15000 SGD202,555,006.50 IDR
20000 SGD270,073,342.00 IDR
30000 SGD405,110,013.00 IDR
40000 SGD540,146,684.00 IDR
50000 SGD675,183,355.00 IDR
100000 SGD1,350,366,710.00 IDR

*Based on the Mid-market Exchange RateThe mid-market exchange rate (also called the interbank rate) is the real SGD to IDR exchange rate before providers add their margin or fees.. Actual payout may vary based on the chosen money transfer provider.


1 Based on 659 pricing observations across 27 firms over the last 5 years for a SGD 260 money transfer from Singapore to Indonesia. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.

How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Singapore to Indonesia remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.

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