The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare EUR/SGD Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for EUR/SGD International Money Transfers. Costs are calculated against the amount when EUR is converted to SGD at mid-rate.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
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7,574.5 SGD
Best Overall
1.5149
0
1.3%
Bank Transfers - Online & Phone, Foreign Currency Accounts
The below table shows a snapshot 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.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Right now the EUR/SGD interbank exchange rate is 1.5274.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Singapore Dollar to Euro.
This EUR/SGD Converter calculates equivalent Euro to Singapore Dollar amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
EUR / SGD converter & margin calculator
€EUR
$SGD
Mid-rates:
1 EUR =
1.5274SGD
1 SGD =
0.6547EUR
Compare how much you can save on EUR/SGD exchange rates for:
Euro to Singapore Dollar (EUR-SGD) - 10 Year History
The below table shows the historic variation in the EUR/SGD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of EUR versus other currencies : EUR historical charts.
Date
Exchange Rate
Period
Change
21 Mar 2019
1.5332
Latest
14 Mar 2019
1.5325
1 Week
+0.05%
19 Feb 2019
1.5342
1 Month
-0.07%
22 Sep 2018
1.6036
6 Months
-4.39%
21 Mar 2018
1.6202
1 Year
-5.37%
21 Mar 2017
1.5148
2 Years
+1.21%
22 Mar 2014
1.7580
5 Years
-12.79%
23 Mar 2009
2.0546
10 Years
-25.38%
Why can't I just get the EUR/SGD market rate I see on Google or in the Media?
The EUR/SGD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the EUR / SGD was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market EUR/SGD midrate the better deal you are getting.
The three things you need in order to get a good EUR to SGD exchange rate
Know the latest EUR/SGD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Euro and Singapore Dollar
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the EUR vs SGD, you should pay attention to both Euro and Singapore Dollar news and forecasts.
Euro (EUR) - Market news and forecasts
Between November and February, the euro was remarkably stable relative to the US dollar, against which it traded for the most part between $1.125 and $1.155. In the days leading up to this report, in March, the euro broke downwards to a 21-month low of $1.118.
Further to Brexit uncertainty, euro weakness followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 at the earliest as part of an effort to lift the eurozone economy out of this “period of continued weakness.”
ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against the dollar over the coming months. Danske Bank predicted a euro dip towards $1.1 before a rally over 3-6 months back into a $1.12-1.16 range.
Singapore Dollar (SGD) - Market news and forecasts
22-February-2019: 2018 was a steady year for the Singapore dollar: on balance it gained value, but it did lose out slightly against the world’s reserve currency, the US dollar.
2019 has begun reasonably well. Entering the final week of February, SGD was a percent higher year-to-date versus USD, but at US$0.74 was in line with its 2018 average rate. SGD was 2 percent higher year-to-date against EUR at a 9-month closing high of €0.653 — 4 percent higher than 2018’s average.
Against AUD, in February, SGD was unchanged year-to-date but was 4.5 percent higher than last year's average, at A$1.038. During a flash crash on January 3rd, SGD/AUD briefly traded at a 10-year high of A$1.088.
With Singapore being a small, trade-dependent country, prime risks to SGD for 2019 include the re-emergence of trade tensions between China and the US, and/or a serious global economic slowdown.
Traders, though, were happy to bet against the above risks and on SGD appreciation at the time of this report: a Reuters survey in February showed “long” SGD positions among bank traders rising to the highest level in 10 months.
Singapore