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EUR to SGD - Rate Guide

Euro 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.

 

EUR/SGD update & alerts

1 EUR = 1.4945 SGD

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EUR to SGD - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
EUR/SGD at 1.4943 is trading 0.9% below the 90-day average 1.5077 with a range 1.4942 to 1.5239. ALERT: EUR/SGD has dropped to 90-DAY LOWS.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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EUR/SGD Exchange Rates and Providers Compared

This guide to the Euro to Singapore Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to SGD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/SGD Quick Calculator.

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 EUR/SGD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

EUR to SGD International Money Transfers

  

Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee EURTotal CostDeal Links
OFX logo
S$7,412.5
Best Overall
1.48250 for BER users (normally $15)0.8%
WorldFirst logo
S$7,435
S$23 more
1.48700.5%
TorFX logo
S$7,324
S$88 less
1.464801.99%
HSBC logo
S$7,177.72
S$235 less
1.4377€7.53.94%
Deutsche Bank International Money Transfers
Deutsche Bank logo
S$7,109.19
S$303 less
1.4362€504.86%
Citibank International Money Transfers
Citibank logo
S$7,104.91
S$308 less
1.4244124.92%
Santander International Money Transfers
Santander logo
S$7,064.63
S$348 less
1.4186205.46%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
S$7,048
S$364 less
1.4198125.68%
Bank of Ireland International Money Transfers
Bank of Ireland logo
S$7,022.07
S$390 less
1.4186€506.03%
BNP Paribas International Money Transfers
BNP Paribas logo
S$6,990.89
S$422 less
1.4123€506.45%
Crédit Agricole International Money Transfers
Crédit Agricole logo
S$6,971.09
S$441 less
1.4083€506.71%
AIB Bank International Money Transfers
AIB Bank logo
S$6,941.88
S$471 less
1.4024€507.1%
 
OFX logo
OFX: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.4825 (0.8% from mid-rate)
To Amount (SGD) S$7,412.5
Total Cost:0.8%
Time:
Rate Fetched: 18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:
Exchange Rate:1.4870 (0.5% from mid-rate)
To Amount (SGD) S$7,435
Total Cost:0.5%
Difference:
S$23 SGD more than using OFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:0
Exchange Rate:1.4648 (1.99% from mid-rate)
To Amount (SGD) S$7,324
Total Cost:1.99%
Difference:
S$88 SGD less than using OFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:1.4377 (3.8% from mid-rate)
To Amount (SGD) S$7,177.72
Total Cost:3.94%
Difference:
S$235 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.4362 (3.9% from mid-rate)
To Amount (SGD) S$7,109.19
Total Cost:4.86%
Difference:
S$303 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:12
Exchange Rate:1.4244 (4.69% from mid-rate)
To Amount (SGD) S$7,104.91
Total Cost:4.92%
Difference:
S$308 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:20
Exchange Rate:1.4186 (5.08% from mid-rate)
To Amount (SGD) S$7,064.63
Total Cost:5.46%
Difference:
S$348 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:12
Exchange Rate:1.4142 (5.37% from mid-rate)
To Amount (SGD) S$7,048
Total Cost:5.68%
Difference:
S$364 SGD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.4186 (5.08% from mid-rate)
To Amount (SGD) S$7,022.07
Total Cost:6.03%
Difference:
S$390 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.4123 (5.5% from mid-rate)
To Amount (SGD) S$6,990.89
Total Cost:6.45%
Difference:
S$422 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.4083 (5.77% from mid-rate)
To Amount (SGD) S$6,971.09
Total Cost:6.71%
Difference:
S$441 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→SGD
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:1.4024 (6.16% from mid-rate)
To Amount (SGD) S$6,941.88
Total Cost:7.1%
Difference:
S$471 SGD less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/17/2020 - 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.

  

Singapore dollar Travel Money

  

Travel Money ProvidersAmount SGD(S$)Exchange RateFee EURTotal CostDeal Links
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
S$1,334.92
Compare
1.3484€1010.68%
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→SGD
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:1.3484 (9.78% from mid-rate)
To Amount (SGD) S$1,334.92
Total Cost:10.68%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 01/17/2020 - See full table

EUR and SGD in the Markets

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

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

Read more in the article EUR 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 EUR/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 EUR / 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 EUR Exchange Rates