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SGD/AUD - Convert Compare Save

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.

 

This resource page for the Singapore Dollar to Australian Dollar exchange rate, has news, forecasts and SGD to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

SGD/AUD Exchange Rates - How to Compare & Save

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.

 
Foreign Transfer ProvidersReceive AUD($)Exchange RateFee SGDTotal CostDeal Links
OFX logo
10,528 AUD1.052801.28%
DBS Bank logo
10,409 AUD1.0428182.39%
HSBC logo
10,308 AUD1.0323$153.34%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
10,301 AUD1.0339183.4%
OCBC Bank International Money Transfers
OCBC Bank logo
10,272 AUD1.0376$1003.68%
Citibank International Money Transfers
Citibank logo
10,216 AUD1.0228124.2%
 
OFX: Foreign Transfer SGD→AUD
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:1.0528 (1.28% from mid-rate)
AUD amount:10,528 AUD
Total Cost:1.28%
Time:
Rate Fetched: Mon Jun 17 2019 23:13:45 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→AUD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:1.0428 (2.21% from mid-rate)
AUD amount:10,409 AUD
Total Cost:2.39%
Difference:
119 AUD less than using OFX
Time:2:33 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→AUD
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:1.0323 (3.2% from mid-rate)
AUD amount:10,308 AUD
Total Cost:3.34%
Difference:
220 AUD less than using OFX
Time:2:33 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→AUD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:1.0344 (3% from mid-rate)
AUD amount:10,301 AUD
Total Cost:3.4%
Difference:
227 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→AUD
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:1.0376 (2.7% from mid-rate)
AUD amount:10,272 AUD
Total Cost:3.68%
Difference:
256 AUD less than using OFX
Time:2:33 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→AUD
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:1.0228 (4.09% from mid-rate)
AUD amount:10,216 AUD
Total Cost:4.2%
Difference:
312 AUD less than using OFX
Time:2:33 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 06/18/2019 - See full table

SGD to AUD interbank exchange rate = 1.0665

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on SGD/AUD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

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 late May the Australian dollar stabilized after a shocking mid-April to mid-May period, during which it suffered across-the-board losses, including losses worth 5 percent against the US dollar. May’s closing exchange rate of US69.3¢ keeps the Aussie near long-term lows, but it’s an improvement on May-17's rate of 68.7¢ — its lowest weekly closing rate since early 2016.

A stuttering domestic economy and elevated US-China trade tensions (which threaten commodities demand and risk appetite) have driven the Aussie lower.

In an effort to support economic growth and boost inflation, which remains well below target, Australia's central bank cut interest rates in early June, and is expected to do so at least once more this year, making the Australian dollar susceptible to yield-chasing capital outflows.

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