Compare today's SGD to IDR (Singapore Dollar to Indonesian Rupiah) exchange rates
📈 Singapore to Indonesia Money Transfer Snapshot Today
- Best SGD to IDR exchange rate today: IDR 13,415.0500, offered by Remitly
- Number of money transfer providers compared: 16
- Exchange rate range: IDR 12,609.0314 to IDR 13,415.0500
- Potential savings on SGD 1000: IDR 806,018.60
- Number of deals and promo codes: 4
- Mid-market
ⓘThe 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 13,262.3211 (Updated about 1 hours ago)
See detailed Singapore to Indonesia money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 B2B transfers only
📢 New! Cash pickup available
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 today's SGD-IDR exchange rates mean for you
Compare today's SGD-IDR exchange rates and send money from Singapore to Indonesia after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 16 providers that you can rely on for Singapore to Indonesia money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Singapore to Indonesia Providers
🥇 Remitly with 1 SGD = 13,415.0500 IDR (best SGD to IDR exchange rate today).
🥈 Panda Remit offering 1 SGD = 13,294.5497 IDR.
🥉 Instarem & Regency FX are also providing good FX rate today.
The exchange rate provided by these 16 providers ranges from IDR 12,609.0314 to IDR 13,415.0500. For a SGD 1000 money transfer from Singapore to Indonesia, that could mean up to IDR 806,018.60 saved on FX alone.
SGD-IDR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final IDR payout that your recipient gets in Indonesia.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Singapore to Indonesia remittances.
🔄 Looking for the reverse corridor? Send money from Indonesia to Singapore instead.
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.
👇 We also suggest looking beyond today's SGD-IDR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst SGD-IDR 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 Singapore to Indonesia historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your IDR payout.
Data-driven cost insights for Singapore to Indonesia money transfers
When you send money internationally from Singapore to Indonesia, the key factors that will influence the overall cost of your transaction are:
- SGD-IDR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum IDR payout for your overseas recipient in Indonesia.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Singapore to Indonesia, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Singapore to Indonesia money transfers to compare 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 data-driven approach using real SGD-IDR transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Singapore to Indonesia money transfers
- 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 provide detailed data-driven insights on various factors that influence the total cost of your Singapore to Indonesia money transfers.
📈 SGD to IDR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Singapore to Indonesia money transfers is usually the single biggest factor that will determine your overall SGD cost and your recipient's IDR payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a SGD 260 money transfer benchmark, we see the following FX markup ranges for 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, the above markup range is equivalent to roughly IDR 24.96 purely from differences in the exchange rate. That incremental saving increases to IDR 61.92 for a SGD 645 transfer.
🛠️ 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.
SGD to IDR exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Singapore to Indonesia remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Singapore Dollar reaches your recipient in Indonesia.
Based on data from last 5 years, we notice the below about 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 amount of SGD 6.16 noted above represents 2.37% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by SGD 25.00.
🛠️ How to use this insight: For your next money transfer from Singapore to Indonesian Rupiah, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for SGD-IDR remittances
Based on our detailed analysis of historical Singapore to Indonesia data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
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 total spread of 1.86 percentage points.
This means that on a SGD 260 transfer, you could save up to SGD 4.85 simply by choosing the best priced payment method.
These savings will only multiply for higher SGD amounts.
Here is the average cost of popular delivery methods used to send money from Singapore to Indonesia:
- Cash Pickup: 3.26%
- Bank Deposit: 3.49%
- Mobile Wallet: 6.52%
The cost difference between the above delivery methods is 3.26 percentage points.
Once again, this means that you could save up to SGD 8.47 on a SGD 260 transfer to Indonesia by choosing Cash Pickup versus Mobile Wallet.
As you can imagine, the possible combinations of Singapore payment methods and Indonesia delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Singapore to IDR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Bank Deposit | 2.18 |
| Mobile Wallet | Cash Pickup | 2.32 |
| Mobile Wallet | Bank Deposit | 2.92 |
| Bank Account Transfer | Cash Pickup | 3.03 |
| Cash | Cash Pickup | 3.11 |
| Debit Card | Cash Pickup | 3.42 |
| Debit Card | Bank Deposit | 3.53 |
| Credit Card | Cash Pickup | 4.20 |
| Credit Card | Bank Deposit | 4.23 |
| Cash | Bank Deposit | 4.23 |
| Credit Card | Mobile Wallet | 6.52 |
| Debit Card | Mobile Wallet | 6.52 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these SGD-IDR payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Bank Deposit has the lowest average cost at 2.18%.
- Debit Card → Mobile Wallet has the highest average cost at 6.52%.
- Bank Account Transfer → Bank Deposit average cost is 4.34 percentage points lower than that of Debit Card → Mobile Wallet.
- This means that on a SGD 260 money transfer, you could save up to SGD 16.95 simply by choosing the best payment and delivery method combo.
- Further, on a SGD 645 money transfer, the 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 and delivery methods (data-backed)
- Cheapest payment method: Bank Account Transfer averaged 2.40%, compared to 4.27% for Credit Card, a difference of 1.86 percentage points.
- Cheapest delivery method: Cash Pickup averaged 3.26%, compared to 6.52% for Mobile Wallet (3.26 percentage points higher).
- Cheapest combo: Bank Account Transfer → Bank Deposit averaged 2.18%, which is 4.34 percentage points lower than 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 most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for SGD-IDR remittances?
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 tend to be approximately 1.37x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | SGD 9.37 | SGD 5.86 | SGD 3.51 |
| Exchange rate markup | 0.94% | 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 to send money overseas with your bank in Singapore, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of SGD-IDR money transfers?
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) tends to be 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 Singapore to Indonesia remittance market?
Based on data from the last 5 years, SGD-IDR money transfers are provided on an average by 27 remittance companies. With around 27 providers serving this market, we consider the level of competition to be highly competitive.
Traditional banks have represented only 18.5% of active providers in this corridor (5 out of 27), meaning money transfer companies make up the majority.
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.
⏱️ How fast are SGD-IDR money transfers?
If your recipient in Indonesia needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Singapore to Indonesia transfers when it comes to processing time:
- 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.
🛠️ 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.
Singapore to Indonesia transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Singapore to Indonesia money transfers
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?
The total cost of your SGD-IDR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Singapore to Indonesia transfers?
Historical SGD to IDR exchange rate markup ranges from -0.64% to 8.96%, a spread of 9.60 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can SGD-IDR exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative SGD-IDR exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Singapore to Indonesia transfers?
Exchange rate markup ranges from -0.64% to 8.96% (a spread of 9.60 percentage points).
Transfer fees range from SGD 0.00 to SGD 25.00, which equals roughly 9.62% on a SGD 260.00 transfer.
At SGD 260.00, the larger driver of overall cost is the transfer fee, whilst at SGD 645.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Singapore to Indonesia transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger SGD amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most IDR for your SGD.
How much can Singapore to Indonesia transfer costs vary between providers?
Historical transfer cost ranges from 0.19% to 10.88% for SGD transfers to Indonesia. That is a spread of 10.69 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.64% to 8.96% (a spread of 9.60 percentage points). Thus, even small differences in FX margin can have a big impact on the final IDR payout.
Why do various money transfer providers price SGD to Indonesia transfers differently?
If you send the same Singapore Dollar amount to Indonesia via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final IDR payout in Indonesia in a big way.
How stable are transfer costs in the Singapore to Indonesia corridor?
When we analyzed the historical total cost for SGD-IDR transfers, we observed a range from 0.19% to 10.88% (10.69 percentage points difference), along with a variability (standard deviation) of 1.79%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.64% to 8.96% (9.60 percentage points difference), with a standard deviation of 1.03%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your SGD-IDR transfers.
Which payment method is cheapest for Singapore to Indonesia remittances?
Bank Account Transfer is the cheapest payment method in Singapore based on its average cost at 2.40% (compared to Credit Card at 4.27%, a difference of 1.86 percentage points).
Based on this, we recommend paying for your SGD transfer with Bank Account Transfer, and avoiding Credit Card if possible.
Is Debit Card cheaper than Credit Card for Singapore to Indonesia transfers?
Debit Card is cheaper on average when sending money to Indonesia from Singapore since it costs 3.52% (compared to 4.27% for Credit Card payments, a difference of 0.74 percentage points).
As a result, we recommend that you avoid paying for your transfer to Indonesia with a Credit Card.
Which delivery method is cheapest for SGD-IDR money transfers?
Cash Pickup is the cheapest delivery method in Indonesia as it costs 3.26% (compared to Mobile Wallet at 6.52%, a spread of 3.26 percentage points).
If your recipient in Indonesia can accept Cash Pickup, we recommend choosing it as your preferred delivery option for SGD-IDR transfers.
Is Bank Deposit cheaper than Cash Pickup for Singapore to Indonesia transfers?
Cash Pickup is cheaper for transfers to Indonesia given its 3.49% average cost (versus 3.26% for Cash Pickup, a difference of 0.23 percentage points).
To save more, consider choosing the cheapest delivery option for Indonesia.
What is the cheapest way to send money from Singapore to Indonesia?
We evaluated 12 payment and delivery method combinations for Singapore to Indonesia remittances.
Based on historical data, Bank Account Transfer → Bank Deposit is the cheapest combination with 2.18% cost.
At the other end of the spectrum, Debit Card → Mobile Wallet is the most expensive combination at 6.52% cost. That is a difference of 4.34 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Singapore to Indonesia remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your SGD-IDR transfers.
Does sending more money reduce the cost for Singapore to Indonesia transfers?
Larger SGD-IDR transfers are cheaper on average.
The cost of a SGD 260 transfer averages 3.41% as compared to 2.11% for a SGD 645 transfer, a difference of 1.30 percentage points.
How long does it take to send money from Singapore to Indonesia?
Based on our analysis, the average transfer time for SGD-IDR transfers is 16 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Singapore to Indonesia?
Yes, historical data shows that some transfers to Indonesia from Singapore can complete in less than one hour.
Note that the actual speed of your SGD-IDR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Singapore to Indonesia?
Banks in Singapore are more expensive than money transfer providers.
The average cost of banks is 4.54% compared to 3.31% for money transfer providers in Singapore, a difference of 1.24 percentage points.
Why do banks charge more for Singapore to Indonesia transfers?
Bank transfers in Singapore cost 4.54% compared to 3.31% for money transfer companies.
The difference is often due to the fact that banks in Singapore provider lower exchange rates and charge high wire transfer fees.
How competitive is the Singapore to Indonesia remittance market?
Based on historical data, the competition level in Singapore to Indonesia is considered highly competitive with 27 active providers.
Money transfer providers represent about 81.5% of identified providers in Singapore.
Do I risk overpaying if I do not compare providers for Singapore to Indonesia?
Historically, total SGD-IDR transfer cost has varied by 10.69 percentage points. On a SGD 260 transfer, that can translate to SGD 27.79 in savings.
SGD-IDR exchange rate markup also varies across providers. The average markup spread has been about 9.60 percentage points. On a SGD 260 transfer, that could be SGD 24.96 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about SGD 25.00 across providers.
That is why comparing providers can materially change how much of the SGD you send does your recipient receive in Indonesia in Indonesia.
Latest SGD to IDR Conversion Rates
Here are some latest SGD to IDR (Singapore Dollar to Indonesian Rupiah) exchange rates for popular conversion amounts*.
| 1 SGD | 13,262.32 IDR |
| 5 SGD | 66,311.61 IDR |
| 10 SGD | 132,623.21 IDR |
| 25 SGD | 331,558.03 IDR |
| 50 SGD | 663,116.05 IDR |
| 100 SGD | 1,326,232.11 IDR |
| 150 SGD | 1,989,348.16 IDR |
| 200 SGD | 2,652,464.22 IDR |
| 250 SGD | 3,315,580.28 IDR |
| 300 SGD | 3,978,696.33 IDR |
| 400 SGD | 5,304,928.44 IDR |
| 500 SGD | 6,631,160.55 IDR |
| 600 SGD | 7,957,392.66 IDR |
| 700 SGD | 9,283,624.77 IDR |
| 800 SGD | 10,609,856.88 IDR |
| 1000 SGD | 13,262,321.10 IDR |
| 1500 SGD | 19,893,481.65 IDR |
| 2000 SGD | 26,524,642.20 IDR |
| 2500 SGD | 33,155,802.75 IDR |
| 3000 SGD | 39,786,963.30 IDR |
| 4000 SGD | 53,049,284.40 IDR |
| 5000 SGD | 66,311,605.50 IDR |
| 10000 SGD | 132,623,211.00 IDR |
| 15000 SGD | 198,934,816.50 IDR |
| 20000 SGD | 265,246,422.00 IDR |
| 30000 SGD | 397,869,633.00 IDR |
| 40000 SGD | 530,492,844.00 IDR |
| 50000 SGD | 663,116,055.00 IDR |
| 100000 SGD | 1,326,232,110.00 IDR |
*Based on the Mid-market Exchange Rate
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.