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CAD/SGD - Convert Compare Save

Canadian Dollar to Singapore Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Canadian Dollar to Singapore Dollar exchange rate, has news, forecasts and CAD to SGD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

CAD/SGD Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/SGD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee CADTotal CostDeal Links
OFX logo
10,326 SGD
Best Overall
1.03260^0.8%
HSBC logo
9,982 SGD
344 SGD
0.9997C$154.1%
TD Canada Trust logo
9,912.87 SGD
413 SGD
1.0013C$1004.77%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
9,906.93 SGD
419 SGD
1.0007C$1004.82%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
9,899 SGD
427 SGD
0.9982154.9%
Scotiabank logo
9,897.03 SGD
429 SGD
0.9997C$1004.92%
Royal Bank of Canada logo
9,795.06 SGD
531 SGD
0.9894C$1005.9%
 
OFX: Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:1.0326 (0.8% from mid-rate)
SGD amount:10,326 SGD
Total Cost:0.8%
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:0.9997 (3.96% from mid-rate)
SGD amount:9,982 SGD
Total Cost:4.1%
Difference:
344 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.0013 (3.8% from mid-rate)
SGD amount:9,912.87 SGD
Total Cost:4.77%
Difference:
413 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.0007 (3.86% from mid-rate)
SGD amount:9,906.93 SGD
Total Cost:4.82%
Difference:
419 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.9889 (5% from mid-rate)
SGD amount:9,899 SGD
Total Cost:4.9%
Difference:
427 SGD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.9997 (3.96% from mid-rate)
SGD amount:9,897.03 SGD
Total Cost:4.92%
Difference:
429 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→SGD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.9894 (4.95% from mid-rate)
SGD amount:9,795.06 SGD
Total Cost:5.9%
Difference:
531 SGD less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/19/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount SGD(S$)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
1,004.5 SGD
Best Overall
1.0045$03.5%
Royal Bank of Canada logo
982.40 SGD
22 SGD
0.982405.62%
TD Canada Trust logo
972.30 SGD
32 SGD
0.972306.59%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
969.84 SGD
35 SGD
0.9763C$106.83%
Scotiabank logo
954.81 SGD
50 SGD
0.9743C$208.27%
Travelex Online CA: Travel Money CAD→SGD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.0045 (3.5% from mid-rate)
SGD amount:1,004.5 SGD
Total Cost:3.5%
Time:
Rate Fetched: 18:03 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→SGD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.9824 (5.62% from mid-rate)
SGD amount:982.40 SGD
Total Cost:5.62%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→SGD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.9723 (6.59% from mid-rate)
SGD amount:972.30 SGD
Total Cost:6.59%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→SGD
CAD amount:$1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:0.9108 (12.5% from mid-rate)
SGD amount:969.84 SGD
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→SGD
CAD amount:$1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.9743 (6.4% from mid-rate)
SGD amount:954.81 SGD
Total Cost:8.27%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 07/19/2019 - See full table

CAD to SGD interbank exchange rate = 1.0415

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on CAD/SGD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

CAD and SGD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs SGD, you should pay attention to the recent market trends for both currencies.

 

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

Why can't I just get the CAD/SGD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / SGD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates