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GBP to SGD - Rate Guide

British Pound Sterling 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.

 

GBP/SGD update & alerts

1 GBP = 1.7494 SGD

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GBP to SGD - Trading Range (90 Day)
30-DAY LOW (6d)
GBP/SGD at 1.751 is trading 0.6% below the 90-day average 1.7608 with a range 1.6854 to 1.8084. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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GBP/SGD Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Singapore Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP 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 GBP/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 GBP/SGD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee GBPTotal CostDeal Links
TorFX logo
S$8,596.5
Best Overall
1.719301.74%
OFX logo
S$8,678.5
S$82 more
1.7357£0^0.8%
WorldFirst logo
S$8,705
S$109 more
1.74100.5%
HSBC logo
S$8,424.34
S$172 less
1.6874£7.53.71%
Natwest Bank logo
S$8,377.29
S$219 less
1.6805154.24%
Citibank International Money Transfers
Citibank logo
S$8,339.44
S$257 less
1.6719124.68%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
S$8,338
S$258 less
1.6726154.69%
Santander International Money Transfers
Santander logo
S$8,291.7
S$305 less
1.665205.22%
Lloyds TSB logo
S$8,257.34
S$339 less
1.6581205.61%
 
TorFX logo
TorFX: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7193 (1.74% from mid-rate)
To Amount (SGD) S$8,596.5
Total Cost:1.74%
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.7357 (0.8% from mid-rate)
To Amount (SGD) S$8,678.5
Total Cost:0.8%
Difference:
S$82 SGD more than using TorFX
Time:
Rate Fetched: 6:02 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 GBP→SGD
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.7410 (0.5% from mid-rate)
To Amount (SGD) S$8,705
Total Cost:0.5%
Difference:
S$109 SGD more than using TorFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.6874 (3.56% from mid-rate)
To Amount (SGD) S$8,424.34
Total Cost:3.71%
Difference:
S$172 SGD less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.6805 (3.95% from mid-rate)
To Amount (SGD) S$8,377.29
Total Cost:4.24%
Difference:
S$219 SGD less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.6719 (4.45% from mid-rate)
To Amount (SGD) S$8,339.44
Total Cost:4.68%
Difference:
S$257 SGD less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.6598 (5.14% from mid-rate)
To Amount (SGD) S$8,338
Total Cost:4.69%
Difference:
S$258 SGD less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.6650 (4.84% from mid-rate)
To Amount (SGD) S$8,291.7
Total Cost:5.22%
Difference:
S$305 SGD less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→SGD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.6581 (5.24% from mid-rate)
To Amount (SGD) S$8,257.34
Total Cost:5.61%
Difference:
S$339 SGD less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/20/2020 - 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.


GBP and SGD in the Markets

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

British Pound Sterling (GBP)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

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