Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 81.8% of Singapore to China searches, and was the top rated company out of 5 that support SGD to CNY.
So for a great mix of cost, speed & features, make your Singapore to China transfer using Wise.
How to get the best deal on your Singapore to China transfer
Important things to consider before sending money from Singapore to China
Don't settle for the first option. Always compare ways to send money from Singapore to China to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between Singapore and China.
Through this, you get a comprehensive view of all the options you have in Singapore when you need to send money to China.
Cheapest way to send money to China from Singapore: Instarem
Data collected over the past six months show that Instarem is 0.8% cheaper than the second-best option.
The $173.09 transfer cost represents the most common fee for SGD to CNY international transfers, based on data from the past six months.
If you want to secure the best rates on a SGD to China transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to SGD-CNY by Instarem, based on data from the past six months.
Fastest way to send money from Singapore to China: Wise
Our data shows that Wise came up as the fastest way to send money from Singapore to China in 81.8% of searches. This makes them well suited to urgent SGD to CNY money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Singapore to China - 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 China from Singapore in 81.8% 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 China, it’s the provider that will keep you safe and relaxed while your money moves into CNY.
Understanding the costs involved when moving money from Singapore to China
When calculating the costs of money transfers between Singapore and China, here's what really matters:
The Mid-Market Rate: Today, the SGD-CNY mid-market rate equals to 5.316148 CNY per Singapore Dollar. Keep in mind that this rate fluctuates all the time.
The SGD-CNY average exchange rate of the past three months has been 5.3567 CNY per Singapore Dollar, with a high of 5.4132 and a low of 5.3278.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent SGD to CNY rates that are only -0.15% away from the average.
How to find the best exchange rate for Singapore Dollar to Yuan Renminbi
Timing is essential sending money between SGD and CNY. The exchange rate you secure impacts how much CNY you get for your SGD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from SGD to CNY has seen some fluctuation. On average, it stood at 5.3567.
During this period, the highest value recorded was 5.4132, while the lowest was 5.3278.
Wise, which is our recommended service to send money online from Singapore to China offers an exchange rate that is only -0.15% above the mid-market rate.
Want to secure the best SGD-Yuan Renminbi exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Singapore to China!
Payment methods available to fund your Singapore to China transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between China 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 China .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.