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SGD to AUD - Rate Guide

Singapore Dollar to Australian 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.

 

SGD/AUD update & alerts

1 SGD = 1.0748 AUD

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SGD to AUD - Trading Range (90 Day)
14-DAY LOW (2d)
90-DAY TREND: At 1.0749 SGD/AUD is trading near the average 1.0713 with a range 1.0559 to 1.082. There are no current alerts.
Update: 06-Dec 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

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SGD/AUD Exchange Rates and Providers Compared

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

 
  

SGD to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
A$10,6821.0737S$510.61%
OFX logo
A$10,6621.06620 for BER users (normally $15)0.8%
DBS Bank logo
A$10,3941.0413183.29%
OCBC Bank International Money Transfers
OCBC Bank logo
A$10,3531.0458S$1003.68%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
A$10,3101.0348184.07%
HSBC logo
A$10,2931.0308S$154.23%
Citibank International Money Transfers
Citibank logo
A$10,2011.0213125.09%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:1.0737 (0.1% from mid-rate)
To Amount (AUD) A$10,682
Total Cost:0.61%
Time:1:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.0662 (0.8% from mid-rate)
To Amount (AUD) A$10,662
Total Cost:0.8%
Difference:
A$20 AUD less than using TransferWise
Time:
Rate Fetched: 1:10 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:1.0413 (3.12% from mid-rate)
To Amount (AUD) A$10,394
Total Cost:3.29%
Difference:
A$288 AUD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logo

OCBC Bank: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:1.0458 (2.7% from mid-rate)
To Amount (AUD) A$10,353
Total Cost:3.68%
Difference:
A$329 AUD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:1.0329 (3.9% from mid-rate)
To Amount (AUD) A$10,310
Total Cost:4.07%
Difference:
A$372 AUD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:1.0308 (4.09% from mid-rate)
To Amount (AUD) A$10,293
Total Cost:4.23%
Difference:
A$389 AUD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:1.0213 (4.98% from mid-rate)
To Amount (AUD) A$10,201
Total Cost:5.09%
Difference:
A$481 AUD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→AUD
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

SGD and AUD in the Markets

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

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.

 

Australian Dollar (AUD)

In November it was all downhill traffic for the Australian dollar dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end. At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

Why can't I just get the SGD/AUD 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 SGD / AUD 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 SGD Exchange Rates