How to send money to Cambodia from Singapore with the best SGD-KHR rate

The exchange rate is the price you will pay when buying Riel in Singapore. A better exchange rate means you send more Riels to Cambodia.

Currently, the mid-market rate between the Singapore Dollar and Riel is 3,101.2127. Exchange rates between SGD-KHR change almost constantly.

The cost of sending money from Cambodia to Cambodia, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from SGD-KHR is 3,101.2127 KHR per Singapore Dollar.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to Cambodia from Singapore, costing 115.71 SGD per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Riel is the amount you started with, minus the amount you paid in the exchange and fees.

Waiting a day or two can help you get more KHR for the same amount of Singapore Dollars, but you may also end up paying more if you do wait.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Singapore and Cambodia for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from Singapore to Cambodia.

Here are all the ways to send money from Singapore to Cambodia:

Bank transfers

Bank transfers are often the better option for money transfers from Singapore to Cambodia.

Sending money via a bank transfer with a company such as Wise for transfers from Singapore to Cambodia allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Singapore to Cambodia with a prepaid or a debit card is very simple with Wise.


Wise is a leader in card payments for transfers from Singapore to Cambodia, competing among a total of 2 active money transfer companies on this route.

Credit cards

When it comes to international credit card transfers from Singapore to Cambodia, we recommend comparing your options to get the best deal.

Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.

and have different regulators for financial transactions and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators has regulation details for money transfers between Singapore and Cambodia.

Money transfer companies offering services between Singapore and Cambodia have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Singapore Dollar could change. We always recommend comparing SGD-KHR rates for your specific transfer amount. Then, with transfers to Cambodia, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of SGD to Cambodia, we’d recommend Wise.

There are different options for receiving Riel in Cambodia. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Singapore to Cambodia will offer every method for incoming Riel, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Singapore into Cambodia. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Singapore and Cambodia.

And if you need cash right away, check if cash pickup is an option for transfers between Singapore and Cambodia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

You will need to verify your ID at the sign up stage when sending from Singapore to Cambodia through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Singapore through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Cambodia, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Cambodia, it’s always best to check ahead just in case.

Larger transactions between Singapore and Cambodia are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Cambodia, was their easy sign up process in Singapore.

When sending money between Singapore and Cambodia there will be tax declarations to consider.

Some transfers into Riel may need to be reported to tax authorities in Cambodia. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Cambodia based on age, income and personal circumstance. When in doubt, please contact a tax professional in Singapore or Cambodia to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.