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How to send money to Indonesia from Singapore with the best SGD-IDR rate

Get the best deals when you send money from Singapore to Indonesia. Find the best, cheapest, and fastest, providers for SGD to IDR transfers and exchange rates.

Read on for insights and expert information, and all you need to make money transfers to Indonesia from Singapore.

Transferring the other way? Send IDR from Indonesia to Singapore instead.
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July 7th, 2025
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Best money transfer companies

Send money from Singapore to Indonesia

Last updated: Today
Mid-market rate as of 07/07/2025: 1 SGD = 12707.224623 IDR
Results below are based on a 10000 SGD search
0 of 8 providers
Sponsored
Wise
Recipient gets (IDR)
Rp 126,472,142.00
Full transfer details
Visit Wise
Rp 3,212,063 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (IDR)
Rp 122,788,116.00
Full transfer details

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Live Rates
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1
Instarem
Recipient gets (IDR)
Rp 126,911,900.00
Full transfer details
Visit Instarem
Rp 3,651,821 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 (IDR)
Rp 126,729,151.17
Full transfer details
Visit Regency FX
Rp 3,469,072 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
3
Wise
Recipient gets (IDR)
Rp 126,472,142.00
Full transfer details
Visit Wise
Rp 3,212,063 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
4
CurrencyFair
Recipient gets (IDR)
Rp 126,298,400.00
Full transfer details
Visit CurrencyFair
Rp 3,038,321 better than a typical bank*

"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."

Personal account manager
Multi-currency card
Receive to bank account
5
Remitly
Recipient gets (IDR)
Rp 124,754,400.00
Full transfer details
Visit Remitly
Rp 1,494,321 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
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
6
Xe
Recipient gets (IDR)
Rp 122,788,116.00
Full transfer details

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
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 (IDR)
Rp 126,640,353.08
Sponsored
Wise
Recipient gets (IDR)
Rp 126,472,142.00
Full transfer details
Visit Wise
Rp 3,212,063 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (IDR)
Rp 122,788,116.00
Full transfer details

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Our recommendation: Wise

Wise is our top choice for SGD to IDR transfers.

We tested & reviewed 8 money transfer providers offering money transfers from Singapore to Indonesia, and Wise scored highly.

Sending 10,000 SGD to IDR will cost you $41.25 in fees, and you will receive 126,472,142 IDR. The delivery time usually is within minutes.

For a great mix of cost, speed & features, we recommend making your Singapore to Indonesia transfer using Wise.

Wise is the top rated company for sending money from Singapore (SGD) to Indonesia (IDR) - Wise Screenshot

How to send money from Singapore to Indonesia

Summary of recent searches

Top rated for transfers from Singapore to Indonesia
Wise
Total number of SG - ID providers
8
Average cheapest fees & rate
Instarem
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Instarem
Best for debit card
Wise

Considerations when sending from Singapore to Indonesia

1
Compare providers

Comparing money transfer companies with services between Singapore and Indonesia, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

For this route, we’ve compared 8 providers providing services between Singapore and Indonesia. This ensures you will get the best options when sending Rupiah to Indonesia.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Indonesia will provide a specific provider that’s best for transferring money from Singapore.

2
Understanding the Singapore Dollar-Rupiah exchange rate
3
Choose the right payment method
4
Financial regulations
5
Consider transfer limits
6
Receiving money from Singapore Dollar in Indonesia
7
Confirm the ID you need
8
Tax declarations

Cheapest way to transfer money from Singapore to Indonesia: Instarem

Instarem offers the lowest cost transfers between Singapore and Indonesia out of the 8 providers compared.

Our data shows Instarem is 0.14% cheaper than the second-best option. The company offers a fee of 60 SGD and an exchange rate between SGD and IDR that is 0.13% different to the mid-market rate.

For a cheap way to send SGD to Indonesia, Instarem is a great all round choice.

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

Fastest way to transfer money to Indonesia from Singapore: Wise.

Of 8 companies compared, Wise offers the quickest way to send Singapore Dollars to Indonesia.

For example, sending $10,000 to Indonesia with Wise will be within minutes.

But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

Singapore to Indonesia transfers with Wise have a fee of 41.25 SGD.

To test that Wise was the 'fastest' option we compared 8 providers. With this, we compared overall speed of sending money from Singapore to Indonesia made up of depositing Singapore Dollars, to a money transfer account and transfer times to Indonesia.

When sending at speed is a priority, Wise is our recommended choice for sending into Indonesia from Singapore.

Wise is the fastest way to send money from Singapore (SGD) to Indonesia (IDR) - Wise Screenshot

Send large sums of money

Transferring bigger amounts of money from Singapore to Indonesia should be done with the exchange rate and management of the service in mind.

Wise offers the strongest all round option for large transfers of the
8 money transfer companies compared.

Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Rupiah to Rupiah.

As such, opt for Wise for sending large sums of money to Indonesia from Singapore.

Understanding the cost of sending money from Singapore to Indonesia

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore to Indonesia.

The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Rupiah for your Singapore Dollar. The current SGD-IDR mid-market rate is 12,718.5267 IDR per Singapore Dollar.

  • This rate changes regularly so it can pay to track it. For comparison, the SGD-IDR mid-market rate for the past 7 days has averaged 12,718.0677 IDR per Singapore Dollar, with a low of 12,705.7131 and a high of 12,746.6868.

  • Wise is currently offering the best exchange rate from the 8 companies compared.

  • Often the SGD-IDR exchange rate you pay is the biggest cost factor when transferring Singapore Dollars to Indonesia.

Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Singapore Dollar you’re sending to Indonesia. Instarem currently has the lowest fees for transfers into IDR of just 60 SGD. We always recommend searching for your exact send amount for an exact fee.

Amount Received: The amount received in Rupiah is the biggest indicator of the total cost of sending money to Indonesia from Singapore. The bigger the amount received in Indonesia, the lower the overall cost of sending from Singapore.

Track the exchange rate for Singapore Dollar to Rupiah

Sending money at the right time between SGD and IDR can make a huge difference to overall cost. The exchange rate impacts how much IDR you get for your SGD.

Mid-market Rate
1 
=
12718.526717 
IDR

Over the last 7 days, the average numbers are:

  • The exchange rate from SGD to IDR averaged 12,718.0677 IDR.

  • The highest value recorded was 12,746.6868 IDR, while the lowest was 12,705.7131 IDR.

  • 8 providers currently offer transfers between Singapore and Indonesia close to this rate

Want to secure the best SGD-Rupiah 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 Indonesia!

Funding your Singapore to
Indonesia transfer

  • Bank transfers

    The default option for sending money from Singapore to Indonesia is often a bank transfer.

    Using a money transfer company, such as Instarem for transfers from Singapore to Indonesia, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


    From the 8 we tested, the cheapest provider for bank transfers from SGD to Indonesia is Instarem.

    With a fee of SGD60 to send money from Singapore to Indonesia, Instarem offers a great combination of competitive exchange rates and lower fees.


  • Prepaid and debit cards

    Sending money from Singapore to Indonesia with a prepaid or debit card is easy with Wise.


    Wise is a leader in accepting card payments for transfers between Singapore and Indonesia.

  • Credit cards

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

    Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. 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 Indonesia 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 Indonesia.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to IDR.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

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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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