Bank of Melbourne AUD to SGD Transfers Compared

No margin analysis data available for Bank of Melbourne at this time.

   

AUD is showing resilience at 0.8513 SGD, supported by rising global risk appetite and expectations of higher inflation in Australia. Analysts suggest that a potential inflation jump to 3% may deter further RBA rate cuts, bolstering the AUD. Meanwhile, robust SGD growth remains steady amid easing inflation pressures

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What is the Bank of Melbourne Send Money conversion rate for AUD to SGD?

The Bank of Melbourne AUD to SGD exchange rate is 0.8347. This is -2.2% compared to the latest AUD-SGD mid-market rate 0.8535.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Singapore dollar (SGD) rates from different sources before making a conversion.

The above Bank of Melbourne - Aussie to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of Melbourne and other foreign exchange providers against the latest AUD-SGD mid-rate and the possible savings of using various providers. 

How do Bank of Melbourne AUD-SGD rates compare between providers?

Looking at the full AUD to SGD - Send Money comparison table the provider with the best AUD to SGD exchange rate is OFX at 0.8492, -0.5% from the latest mid-market rate 0.8535.

The next best is Wise at 0.8491, -0.52% from the mid-rate.

Then XE at 0.8484, which is -0.6% from the mid-rate.

The Western Union rate is 0.845 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.8178 at -4.2% the ANZ Bank rate is 0.8282 at -3% and the ING Bank rate is 0.8063 at -5.5% compared to the mid-rate 0.8535.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of Melbourne often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.