1. Exchange Rates
  2. Dominican peso (DOP)
  3. Singapore dollar (SGD)

Convert DOP to SGD at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible DOP to SGD rate, these are :

  1. The DOP/SGD foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Dominican peso equals
Singapore dollar 1=


Right now the DOP/SGD market rate is and represents how many Singapore dollar you can get for one Dominican peso. You can calculate with the current mid-rate using our DOP to SGD calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same DOP/SGD market rate I see on Google or in the Media?

When you look up the current Dominican peso to Singapore dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great DOP to SGD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below DOP to SGD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Dominican peso cross rates and reviews of leading foreign exchange providers versus the Banks.

DOP to SGD mid-rate calculator

RD$
$
1 DOP equals
SGD 1DOP=SGD

Loading DOP/SGD Chart

Singapore dollar - Recent Performance

The Singapore dollar has done little in recent months. More than halfway through October, USD/SGD and EUR/SGD stood at 1.357 and 1.603, matching their levels in late July.

Against the US dollar, SGD bulls are hopeful for another attack on 1.3350 – the major support level in USD/SGD. Previous attempts on the level failed in April, June and August of 2016, and again in September this year.

In EUR/SGD, a rate of 1.6 continues to be a magnet for price. With the exception of a single-day probe above 1.63 in late August, which at the time marked a two-year low in SGD buying power, EUR/SGD has spent all of its time in recent months between 1.593 and 1.62.

Economic data coming from Singapore continues to present mixed signals. In October, Singapore’s Ministry of Trade and Industry released preliminary data showing the economy growing at 4.6% – the country’s highest rate of annual growth since 2014. Offsetting that was September’s plunge in exports. A monthly decline of 11% took annual export growth into negative territory (-1.1%), compared with annualized growth one month earlier of 16.7%. Among eight Asian countries releasing trade data in October, only Singapore posted weak export numbers.

Analysts at Singapore’s largest bank, DBS, said in August that SGD was “too strong” against USD and suggested that further SGD appreciation would be hard to come by.

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