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Overall top choice: Wise
Of the 13 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 100% of searches for transfers between Singapore and Spain.
When sending money from Singapore to Spain, using Wise in a great option.
How to send money from Singapore to Spain
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Euro from Singapore.
- Choose a provider
Select the provider offering the best way to send to Spain based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Euro will soon be on their way to Spain.
Summary of recent searches
Considerations to make sending money from Singapore to Spain easy
Comparing the different providers offering services between Singapore and Spain, is the best way to send money with confidence.
The 13 providers we've compared ensures you will get the best options for your transfer to Spain from Singapore. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Singapore Dollar to Spain.
Cheapest way to send money to Spain from Singapore: Instarem
The cost is a combination of an average fee of 9.57* SGD and an exchange rate for converting Singapore Dollar to Euro that is -0.05% different to the mid-market rate.
On average, Instarem is 0.5% cheaper than the second-best option.
We would recommend Instarem for low cost, affordable transfers from Euros to Spain.
*The most common fee applied to SGD-EUR by Instarem, based on data from the past six months.
Fastest way to transfer money to Spain from Singapore: Wise.
Through our data, we found Wise to be the fastest option for sending money from Singapore into Euro in 69.2% of occasions. For fast SGD to EUR money transfers, Wise comes highly recommended.
Singapore to Spain transfers with Wise have an average fee of 8.09 SGD.
To test that Wise was the 'fastest' option we compared 13 providers. With this, we compared overall speed of sending money from Singapore to Spain made up of depositing Singapore Dollars, to a money transfer account and transfer times to Spain.
When sending at speed is a priority, Wise is our recommended choice for sending into Spain from Singapore.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 13 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Singapore to Spain can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to Spain from Singapore.
Understanding the cost of sending money from Singapore to Spain
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore to Spain.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Euro for your Singapore Dollar. The current SGD-EUR mid-market rate is 0.7053 EUR per Singapore Dollar.
This rate changes regularly so it can pay to track it. For comparison, the SGD-EUR mid-market rate for the past three months has averaged 0.6887 EUR per Singapore Dollar, with a low of 0.6806 and a high of 0.6995.
Wise is currently offering the best exchange rate from the 13 companies compared.
Often the SGD-EUR exchange rate you pay is the biggest cost factor when transferring Singapore Dollars to Spain.
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 Spain. Instarem currently has the lowest fees for transfers into EUR at an average of 9.57 SGD over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Euro is the biggest indicator of the total cost of sending money to Spain from Singapore. The bigger the amount received in Spain, the lower the overall cost of sending from Singapore.
Track the exchange rate for Singapore Dollar to Euro
Sending money at the right time between SGD and EUR can make a huge difference to overall cost. The exchange rate impacts how much EUR you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to EUR averaged 0.6887 EUR.
The highest value recorded was 0.6995 EUR, while the lowest was 0.6806 EUR.
13 providers currently offer transfers between Singapore and Spain close to this rate
Want to secure the best SGD-Euro exchange rates?
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Payment methods for Singapore to Spain transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Singapore to Spain.
By opting for a money transfer company such as Instarem for transfers from Singapore to Spain, 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 13 we tested when sending SGD to Spain.
With an average fee of SGD9.03 to send money from Singapore to Spain, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Singapore to Spain is easy with Wise.
Wise is a market leader in debit card payments for transfers from Singapore to Spain, this is among a total of 13 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from Singapore to Spain, Instarem emerges as our top choice of the 13 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain 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 Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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