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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 87.4% of Singapore to Spain searches, and was the top rated company out of 9 that support SGD to EUR.
So for a great mix of cost, speed & features, make your Singapore to Spain transfer using Wise.
How to get the best deal on your Singapore to Spain transfer
Summary of recent searches
Important things to consider before sending money from Singapore to Spain
Don't settle for the first option. Always compare ways to send money from Singapore to Spain to find out about fees, speed, and reliability.
Our analysis included 9 providers that operate between Singapore and Spain.
Through this, you get a comprehensive view of all the options you have in Singapore when you need to send money to Spain.
Cheapest way to send money to Spain from Singapore: Instarem
Data collected over the past six months shows that Instarem is 0.4% cheaper than the second-best option.
The $435.04 transfer cost represents the most common fee for SGD to EUR international transfers, based on data from the past six months.
If you want to secure the best rates on a SGD to Spain transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to SGD-EUR by Instarem, based on data from the past six months.
Fastest way to send money from Singapore to Spain: Remitly
Our data shows that Remitly came up as the fastest way to send money from Singapore to Spain in 46% of searches. This makes them well suited to urgent SGD to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Singapore to Spain - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Remitly is your best choice at the moment. This service emerged as the quickest way to send money to Spain from Singapore in 46% 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 Spain, it’s the provider that will keep you safe and relaxed while your money moves into EUR.
Understanding the costs involved when moving money from Singapore to Spain
When calculating the costs of money transfers between Singapore and Spain, here's what really matters:
The Mid-Market Rate: Today, the SGD-EUR mid-market rate equals to 0.685709 EUR per Singapore Dollar.
The SGD-EUR average exchange rate for the past three months has been 0.6867 EUR per Singapore Dollar, with a high of 0.6924 and a low of 0.6814.
When looking to send money, we'd recommend Wise. On average Wise is -0.02% 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 EUR.
How to find the best exchange rate for Singapore Dollar to Euro
Timing is essential for sending money between SGD and EUR. The exchange rate you secure impacts how much EUR you get for your SGD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from SGD to EUR has seen some fluctuation. On average, it stood at 0.6867.
During this period, the highest value recorded was 0.6924, while the lowest was 0.6814.
Wise, which is our recommended service to send money online from Singapore to Spain offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best SGD-Euro exchange rates?
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Payment methods available to fund your Singapore to Spain transfer
Bank transfers
Bank transfers are often the default option for sending money from Singapore to Spain.
By using 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 9 we tested when sending SGD to Spain.
With an average fee of SGD469.84 to send money from Singapore to Spain, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Singapore to Spain 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 Spain, 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 Spain, 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 Spain 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 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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