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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 66.7% of Singapore to Canada searches, and was the top rated company out of 9 that support SGD to CAD.
So for a great mix of cost, speed & features, make your Singapore to Canada transfer using Wise.
How to get the best deal on your Singapore to Canada transfer
Summary of recent searches
Important things to consider before sending money from Singapore to Canada
Don't settle for the first option. Always compare ways to send money from Singapore to Canada to find out about fees, speed, and reliability.
Our analysis included 9 providers that operate between Singapore and Canada.
Through this, you get a comprehensive view of all the options you have in Singapore when you need to send money to Canada.
Cheapest way to send money to Canada from Singapore: Instarem
Data collected over the past six months shows that Instarem is 0.4% cheaper than the second-best option.
The $47.2 transfer cost represents the most common fee for SGD to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a SGD to Canada transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to SGD-CAD by Instarem, based on data from the past six months.
Fastest way to send money from Singapore to Canada: Wise
Our data shows that Wise came up as the fastest way to send money from Singapore to Canada in 55.6% of searches. This makes them well suited to urgent SGD to CAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Singapore to Canada - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Canada from Singapore in 55.6% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send SGD from Singapore to Canada, it’s the provider that will keep you safe and relaxed while your money moves into CAD.
Understanding the costs involved when moving money from Singapore to Canada
When calculating the costs of money transfers between Singapore and Canada, here's what really matters:
The Mid-Market Rate: Today, the SGD-CAD mid-market rate equals to 1.005201 CAD per Singapore Dollar.
The SGD-CAD average exchange rate for the past three months has been 1.0065 CAD per Singapore Dollar, with a high of 1.0259 and a low of 1.0013.
When looking to send money, we'd recommend Wise. On average Wise is 0.01% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from SGD to CAD.
How to find the best exchange rate for Singapore Dollar to Canadian Dollar
Timing is essential for sending money between SGD and CAD. The exchange rate you secure impacts how much CAD you get for your SGD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from SGD to CAD has seen some fluctuation. On average, it stood at 1.0065.
During this period, the highest value recorded was 1.0259, while the lowest was 1.0013.
Wise, which is our recommended service to send money online from Singapore to Canada offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best SGD-Canadian Dollar exchange rates?
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Payment methods available to fund your Singapore to Canada transfer
Bank transfers
Bank transfers are often the default option for sending money from Singapore to Canada.
By using a money transfer company such as Instarem for transfers from Singapore to Canada, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 9 we tested when sending SGD to Canada.
With an average fee of SGD60.68 to send money from Singapore to Canada, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Singapore to Canada with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Singapore to Canada, competing among a total of 9 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Singapore to Canada, Instarem emerges as our top choice of the 9 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Canada .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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