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INR to SGD - Rate Guide

Indian Rupee 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.

 

INR/SGD update & alerts

1 INR = 0.019077 SGD

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INR to SGD - Trading Range (90 Day)
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90-DAY TREND: At 0.019079 INR/SGD is trading 0.8% below the average 0.019227 with a range 0.018874 to 0.019591. There are no current alerts.
Update: 06-Dec 16:04-EST 21:04-GMT 08:04-AEDT(+1D)

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INR/SGD Exchange Rates and Providers Compared

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

 
  

INR to SGD International Money Transfers

  

Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
S$182.060.01839₹1004.57%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
S$181.590.018342154.81%
Indian Bank International Money Transfers
Indian Bank logo
S$181.120.018295₹1005.06%
 

ICICI Bank logo

ICICI Bank: Foreign Transfer INR→SGD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.018390 (3.6% from mid-rate)
To Amount (SGD) S$182.06
Total Cost:4.57%
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer INR→SGD
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.017932 (6% from mid-rate)
To Amount (SGD) S$181.59
Total Cost:4.81%
Difference:
S$0.47 SGD less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Indian Bank logo

Indian Bank: Foreign Transfer INR→SGD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.018295 (4.1% from mid-rate)
To Amount (SGD) S$181.12
Total Cost:5.06%
Difference:
S$0.94 SGD less than using ICICI Bank
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

INR and SGD in the Markets

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

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

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