How many years of comparable data are there for Malaysia and Singapore?

8 years are reported by both, from 2016 to 2023.

Where does this data come from?

Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances from a specific country (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Malaysia vs Singapore: Average transaction cost of sending remittances from a specific

Malaysia

2.0%

in 2023

Singapore

2.0%

in 2023

Malaysia rank

39th

Singapore rank

40th

Average transaction cost of sending remittances from a specific over time

Malaysia
Singapore

How they compare

Malaysia currently reports 2.0% against 2.0% in Singapore, a difference of 0.0%.

The two have swapped places 3 times across 8 shared years of data; in 2016 it was Singapore ahead.

Malaysia ranks 39th and Singapore ranks 40th of 44 countries.

Across the 2 decades both report, Malaysia averaged higher in 1 and Singapore in 1.

Head to head by decade

Decade	Malaysia	Singapore	Difference	Ahead
2010s	3.9%	4.1%	0.3%	Singapore
2020s	1.8%	1.5%	0.3%	Malaysia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher average transaction cost of sending remittances from a specific, Malaysia or Singapore?: Malaysia, at 2.0% against 2.0% in Singapore as of 2023.
What is the difference in average transaction cost of sending remittances from a specific between Malaysia and Singapore?: 0.0%, with Malaysia ahead.
How many years of comparable data are there for Malaysia and Singapore?: 8 years are reported by both, from 2016 to 2023.
How do Malaysia and Singapore rank globally for average transaction cost of sending remittances from a specific?: Malaysia ranks 39th and Singapore ranks 40th of 44 countries.
Where does this data come from?: Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances from a specific country (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Malaysia vs Singapore: Average transaction cost of sending remittances from a specific. Statizoid, drawing on Remittance Prices Worldwide, World Bank (WB). Retrieved 13 September 2026, from https://financial-sector.statizoid.com/compare/average-transaction-cost-of-sending-remittances-from-a-specific-country-percent/malaysia/singapore/

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About this data

Indicator: Average transaction cost of sending remittances from a specific country (%)
Unit: %
Source: Remittance Prices Worldwide, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 44 places, 344 data points, 2016–2023
Last refreshed: 03 September 2026

Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.