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Send money from Singapore to Peru(SGD → PEN)
SGD
PEN|Updated recentlyMid-market 2.6346Cheapest todayof 5 providers
Western Union
Rate 2.6151 · Fee S$7.40
You send
S$1,000
Recipient gets
S/2,596
S/270 more than the most expensive provider · 0.74% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Singapore to Peru in August 2026 is Western Union, which delivers 2,595.72 PEN on a 1,000 SGD transfer with a fee of S$7.40. According to SendMoneyCompare's comparison of 5 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 267 PEN.
Last reviewed: by Awais Imran, Reviews Editor
What is the cheapest way to send SGD to PEN?
Sending S$1,000 from Singapore to Peru. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 2.6151·Fee S$7.40·0.74% markup
Rate 2.5742·Fee S$22.90·2.29% markup
Rate 2.5713·Fee S$24.00·2.40% markup
Rate 2.5682·Fee S$25.20·2.52% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient S/266.83 on a S$1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Find the best way to send money from Singapore to Peru. Our comparison tool shows live rates from 15+ providers — see exactly how much PEN your recipient will receive after all fees.
Singapore-based expats and immigrants regularly send money to Peru. The cost difference between providers can be significant — banks typically charge 3–5% in hidden exchange rate markups, while specialist services like Wise, Remitly, and WorldRemit offer rates much closer to the mid-market rate. Our comparison shows the total PEN received from each provider after all fees and markups.
Which provider offers the best SGD to PEN rate?
Western Union
4.3Exchange rate
2.6151
Fee
S$7.40
Recipient gets
S/2,595.72
Speed
1 business day
Also available · Digital-asset rails
Crypto & stablecoin routes for SGD → PEN
For a tech-comfortable sender, stablecoin rails can beat every bank and app. These aren't one-tap services — each is a fiat on-ramp → blockchain → local cash-out. Here's the all-in cost and how each works.
Binance P2PBeats mid-market
Kraken → Solana (USDC) → Binance P2P (PEN) · ~1 second
2,636 PEN
0.07% rebate all-in
+
Binance P2PBeats mid-market
Kraken → Solana (USDC) → Binance P2P (PEN) · ~1 second
2,636 PEN
0.07% rebate all-in
- 1Kraken SGD→USDC: 0.26%
- 2Solana network: 0.000250 USDC
- 3Binance P2P (PEN): 0.5341246290801125% spread
- 40.00% withdrawal fee
Also routable via Solana (USDC), Polygon (USDC), Arbitrum (USDC), Tron (USDT).
Source: Binance P2P API
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, refreshed every 6 hours. Not financial advice.
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Example alert
GBP → INR · cheapest just changed
Sending £1,000 today? The top provider on this corridor now lands about ₹1,180 more than yesterday’s best — the bank wire is still ₹9,400 behind.
sendmoneycompare.com/send-money/uk-to-india
09:12USD → PHP · watch the funding fee
Two providers added a card-funding fee this morning. Paying by bank transfer is now the cheaper route on this corridor.
Thu 16:40Guides, fees & how it works
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Singapore to Peru route.
Cheapest transfer
Western Union
Delivers the most PEN for your money
Fastest transfer
Remitly
Delivers in Minutes
Cash pickup
Western Union
Widest cash pickup network
Bank transfer
Western Union
Best rate for bank deposit to Peru
How to send money to Peru
Sending money to Peruis straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much SGD you want to send, compare providers above, and pick the one offering the best PEN amount for your transfer to Peru.
Step 2
Add your recipient
Enter your recipient's details in Peru — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–2 business days.
What you need to send money to Peru
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full legal name as it appears on their DNI (national identity card)
Bank account number
CCI (Codigo de Cuenta Interbancario) — 20-digit interbank account number
Example: 00219400254640107689
Bank name
Name of the recipient's bank (e.g. BCP, Interbank, BBVA Peru)
DNI number
Optional8-digit Documento Nacional de Identidad number
Example: 12345678
Note: Peru uses the CCI (Codigo de Cuenta Interbancario) system — a 20-digit interbank code that uniquely identifies any bank account. The first 3 digits identify the bank, followed by the branch and account number. Your recipient can find their CCI through their bank's app or branch.
Transfer examples: SGD to PEN
See how much your recipient would get for common transfer amounts.
Send S$500
ProviderFeeReceives
Western Union
2.62 · 1 business day
Wise
2.57 · ~7 business days
Remitly
2.57 · Minutes
InstaReM
2.57 · 1-3 business days
OFX
2.48 · 1-3 business days
ProviderFeeRateReceivesSpeed
Western UnionS$3.702.62S/1,2981 business day
WiseS$11.452.57S/1,258~7 business days
RemitlyS$12.002.57S/1,255Minutes
InstaReMS$12.602.57S/1,2521-3 business days
OFXS$29.902.48S/1,1641-3 business days
Send S$1,000
ProviderFeeReceives
Western Union
2.62 · 1 business day
Wise
2.57 · ~7 business days
Remitly
2.57 · Minutes
InstaReM
2.57 · 1-3 business days
OFX
2.48 · 1-3 business days
ProviderFeeRateReceivesSpeed
Western UnionS$7.402.62S/2,5961 business day
WiseS$22.902.57S/2,515~7 business days
RemitlyS$24.002.57S/2,510Minutes
InstaReMS$25.202.57S/2,5031-3 business days
OFXS$59.802.48S/2,3291-3 business days
Send S$5,000
ProviderFeeReceives
Western Union
2.62 · 1 business day
Wise
2.57 · ~7 business days
Remitly
2.57 · Minutes
InstaReM
2.57 · 1-3 business days
OFX
2.48 · 1-3 business days
ProviderFeeRateReceivesSpeed
Western UnionS$37.002.62S/12,9791 business day
WiseS$114.502.57S/12,576~7 business days
RemitlyS$120.002.57S/12,548Minutes
InstaReMS$126.002.57S/12,5171-3 business days
OFXS$299.002.48S/11,6441-3 business days
How much does it cost to send money from Singapore to Peru?
Transfer fees from Singapore to Peru vary by provider. Specialist services charge S$0–10 per transfer, while banks charge S$25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total PEN your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically S$0–S$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (2.6346).
Ways to send money to Peru
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit via CCI is the standard method. Yape has exploded in popularity and is now Peru's dominant P2P payment platform — nearly every Peruvian with a smartphone uses it. Cash pickup remains important in rural highland and jungle regions.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Peru?
Your recipient in Peru can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–2 business days
Direct transfer to any Peruvian bank account using CCI. The most common method for recipients with bank accounts.
WiseRemitlyWorldRemitWestern Union+1 more
Yape Wallet
Minutes
Transfer to Yape, Peru's most popular mobile payment app operated by BCP with over 15 million users.
Remitly
Cash Pickup
Minutes
Collect cash from agent locations across Peru including banks, exchange houses, and retail partners.
Western UnionMoneyGramRia Money Transfer
What are the transfer limits and regulations for Peru?
Important rules and requirements to know before sending money to Peru.
Regulatory body
Superintendencia de Banca, Seguros y AFP (SBS)
Inbound transfer limits
No cap on incoming remittances, but amounts over $10,000 equivalent must be declared
Documentation you may need
- Sender's government-issued photo ID
- Recipient's DNI for cash pickup
- Source of funds documentation for large transfers
Important things to know
- Peru's SBS regulates all money transfer operations and enforces anti-money laundering rules.
- The sol (PEN) is a freely floating currency with relatively stable exchange rates.
- Financial transactions over $10,000 equivalent trigger automatic reporting under Peru's UIF (Financial Intelligence Unit).
- Peru is a major remittance-receiving country in South America, especially from the US, Spain, and Chile.
How long does it take to send money to Peru?
Most transfers from Singapore to Peru arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Peru for a small premium.
FastExpress delivery
- RemitlyMinutes
Standard delivery
- Western Union1 business day
- Wise~7 business days
- InstaReM1-3 business days
- OFX1-3 business days
Popular banks in Peru
These are the most commonly used banks for receiving international transfers in Peru.
BankSWIFT/BICNotes
Banco de Credito del Peru (BCP)
BCPLPEPL
BBVA Peru
BABORPPLXXX
Interbank
BINPPEPL
Scotiabank Peru
BABORPPLXXX
Banco de la Nacion
BANCPEPL
MiBanco
MABORPPL
Frequently asked questions
Common questions about sending money from Singapore to Peru
What is the cheapest way to send money from Singapore to Peru?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Singapore to Peru?
Most specialist providers deliver to Peru within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send S$1,000 from Singapore to Peru?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much PEN your recipient would receive from a S$1,000 transfer today.
Can I send money from Singapore to Peru online?
Yes, all the providers we compare support online transfers from Singapore to Peru. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to Peru?
Money transfer services are almost always cheaper. Banks typically charge S$25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge S$0–10 with markups under 1%, saving you significantly on every transfer to Peru.
More for this corridor
Everything about sending money to Peru
Recipient requirements, delivery methods, regulations, popular banks, and more.
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