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How to send money to China from Singapore with the best SGD-CNY rate

Compare the best ways to send money from Singapore to China. Find the cheapest, fastest, and most reliable providers with the best SGD to CNY exchange rates.

Explore the best deals, read expert information, and discover all you need to send money to China from Singapore.

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July 1st, 2025
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Best money transfer companies

Send money from Singapore to China

Last updated: Today
Mid-market rate as of 07/01/2025: 1 SGD = 5.634384 CNY
Results below are based on a 10000 SGD search
0 of 7 providers
Sponsored
Rate match guarantee (T&Cs apply)
TorFx
Recipient gets (CNY)
¥56,174.81
Full transfer details
Visit TorFx
¥1,521 better than a typical bank*

"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

Personal account manager
Multi-currency card
Receive to bank account
Ideal for buying property abroad
Sponsored
Exclusive: First Transfer Deal
Regency FX
Recipient gets (CNY)
¥56,191.71
Full transfer details
Visit Regency FX
¥1,538 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
Live Rates
Sort by:
1
Instarem
Recipient gets (CNY)
¥56,254.00
Full transfer details
Visit Instarem
¥1,600 better than a typical bank*

"Most transfers are instant or same-day. Customers can earn rewards on every transaction."

Personal account manager
Multi-currency card
Receive to bank account
Exclusive: First Transfer Deal
2
Regency FX
Recipient gets (CNY)
¥56,191.71
Full transfer details
Visit Regency FX
¥1,538 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
Rate match guarantee (T&Cs apply)
3
TorFx
Recipient gets (CNY)
¥56,174.81
Full transfer details
Visit TorFx
¥1,521 better than a typical bank*

"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

Personal account manager
Multi-currency card
Receive to bank account
Ideal for buying property abroad
4
Remitly
Recipient gets (CNY)
¥55,415.00
Full transfer details
Visit Remitly
¥761 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (CNY)
¥56,152.34
Sponsored
Rate match guarantee (T&Cs apply)
TorFx
Recipient gets (CNY)
¥56,174.81
Full transfer details
Visit TorFx
¥1,521 better than a typical bank*

"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

Personal account manager
Multi-currency card
Receive to bank account
Ideal for buying property abroad
Sponsored
Exclusive: First Transfer Deal
Regency FX
Recipient gets (CNY)
¥56,191.71
Full transfer details
Visit Regency FX
¥1,538 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service

Overall top choice: TorFx

TorFx is the best way to transfer Singapore Dollar into Yuan Renminbi.

Of the 7 money transfer providers we tested and reviewed, TorFx was a standout option for its combination of speed and cost.

Sending 10,000 SGD to CNY will cost you $0 in fees, and you will receive 56,174.81 CNY.

When sending money from Singapore to China, using TorFx in a great option.

TorFx is the top rated company for sending money from Singapore (SGD) to China (CNY) - TorFx Screenshot 1
TorFx is the top rated company for sending money from Singapore (SGD) to China (CNY) - TorFx Screenshot 2

How to get the best deal on your Singapore to China transfer

Summary of recent searches

Top rated for transfers from Singapore to China
TorFx
Total number of SG - CN providers
7
Average cheapest fees & rate
Instarem
Average fastest transfer
Instarem
Average transfer time
Within minutes
Best for bank transfers
Instarem
Best for debit card
Instarem

Considerations ahead of sending money from Singapore to China

1
Compare providers

A comparison of providers offering services between Singapore and China, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.

We’ve compared 7 providers that provide services for sending Singapore Dollar to China. This ensures you will get the best options for your transfer to China from Singapore.

Whilst we rate TorFx as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Singapore to China.

2
Get ahead of the Singapore Dollar-Yuan Renminbi exchange rate
3
Choose the right payment method
4
Financial regulation in China and Singapore
5
Consider transfer limits
6
Receiving money in China
7
Have your ID ready
8
Tax declarations

Cheapest way to transfer money to China from Singapore: Instarem

Instarem offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Singapore Dollar to China.

Of the 7 providers compared, data shows that Instarem is 0.11% cheaper than the second-best option.

The is cost is made up of an average SGD-CNY exchange rate that is 0.16% different to the mid-market rate and an average fee of 0* SGD.

If you want to secure the best rates on a SGD to China transfer, Instarem will result in the most Yuan Renminbi received.

Instarem is the cheapest way to send money from Singapore (SGD) to China (CNY) - Instarem Screenshot 1
Instarem is the cheapest way to send money from Singapore (SGD) to China (CNY) - Instarem Screenshot 2

Fastest way to transfer money to China from Singapore: Instarem.

We tested 7 companies offering transfers from Singapore to China and Instarem offered the quickest option.

For example, if you send 10,000 SGD with Instarem to China, the transfer time is minutes - 24 hours

When using Instarem to send money from Singapore to China you can expect to pay 0 SGD in fees. Although we would recommend comparing the amount you want to send.

When testing the 'fastest' options we compared 7 money transfer providers. To test overall speed of sending money from Singapore to China we included the timeframe for depositing Singapore Dollar to a money transfer account and average transfer times to China.

When sending money to China from Singapore quickly is a priority, Instarem is our recommended choice.

Instarem is the fastest way to send money from Singapore (SGD) to China (CNY) - Instarem Screenshot 1
Instarem is the fastest way to send money from Singapore (SGD) to China (CNY) - Instarem Screenshot 2

Transfer a large amount of money

For transferring bigger sums of money to China from Singapore, opt for a provider with a competitive exchange rate and strong account management.

TorFx is the best rated company for sending large amounts of Yuan Renminbi to China out of
7 companies offering the service.

Whether for a property purchase, or for business, sending large amounts of money to China from Singapore has the potential to be very expensive.

TorFx is our choice for big transfers to SGD because of all round price, speed and management when making large transfers.

Understanding the cost of sending money to China from Singapore

The cost of sending money from China to China, 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-CNY is 5.6324 CNY per Singapore Dollar.

  • Finding a provider offering an exchange as close to 5.6324 as possible will ensure more Yuan Renminbi received when transferring.

  • For context, the SGD-CNY mid-market rate for the past week has averaged 5.626 CNY per Singapore Dollar. This includes a high of 5.6344, and low of 5.6215.

  • Instarem currently offers the best exchange rate on transfers from Singapore to China.

For the most part the SGD-CNY exchange rate you receive is the biggest factor impacting the cost of sending SGD to China.

Fees: Outside of exchange rates, you may need to pay a fee to send. Instarem currently offers the lowest fees on transfers to China from Singapore, costing 0 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 Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging Singapore Dollars to CNY, paired with a low fee, means a higher total amount received in China.

How to find the best exchange rate for Singapore Dollar to Yuan Renminbi

Timing is essential for sending money between SGD and CNY. The exchange rate you secure impacts how much CNY you get for your SGD.

Mid-market Rate
1 
=
5.632352 
CNY

Let's dive into some interesting recent trends.

  • Over the past week, the exchange rate from SGD to CNY has seen some fluctuation. On average, it stood at 5.626.

  • During this period, the highest value recorded was 5.6344, while the lowest was 5.6215.

  • TorFx, which is our recommended service to send money online from Singapore to China offers an exchange rate that is only 0.3% 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

  • Bank transfers

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

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


    On average, Instarem is the best provider for bank transfers of the 7 we tested when sending SGD to China.

    With a fee of SGD0 to send money from Singapore to China, Instarem offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid cards

    Sending money from Singapore to China with a prepaid or a debit card is very simple with Instarem.


    Instarem is a leader in card payments for transfers from Singapore to China, competing among a total of 7 active money transfer companies on this route.

  • Credit cards

    We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

    If you have to, we recommend running a comparison to find the best deal for your transfer.

    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.

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, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

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.

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Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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