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OFX SGD to AUD Exchange Rates Compared Live

The best SGD to AUD exchange rate is 1.1378. Compare OFX foreign transfer and currency exchange rates, find better rates & deals.

SGD-AUD Best Exchange Rate Calculator
 

OFX - Comparing SGD-AUD exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Australian dollar (AUD) rates from different sources before making a conversion.

The above OFX Singapore dollar to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest SGD-AUD mid-rate (see below) and the possible savings of using another provider.

 

OFX at a glance

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users 🏷 the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

OFX has partnered with BestExchangeRates to offer you or your business better deals, read our full list of active OFX & BestExchangeRates Deals & Promotions 🏷

 
@bestfxrates : FX analysts forecast a steady SGD to AUD range amidst a stable MAS policy & fluctuating AUD due to global rate changes & soft commodities. SGDAUD hovers near 1.1377, with a near-term 0.64-0.66 AUD band. Key shifts may stem from Fed signals & global economic cues. #CurrencyUpdate #Forex

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

SGD to AUD Market Data

Singapore dollar (SGD) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 SGD =
1.1378We compare provider deals to this wholesale mid-market rate. Read more
AUD
+0.1%
📈1W
SGD to AUD is at 7-day highs near 1.1377, just above its 3-month average, having traded in a very stable 3.4% range from 1.1088 to 1.1469
|
Sell SGD   →   Buy AUD
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DateSGD/AUDChangePeriod
14 Mar 2024
1.1375
0.1% 2 Week
29 Dec 2023
1.1110
2.3% 3 Month
29 Mar 2023
1.1259
1% 1 Year
30 Mar 2019
1.0395
9.4% 5 Year
31 Mar 2014
0.8577
32.6% 10 Year
02 Apr 2004
0.7842
45% 20 Year
SGD/AUD historic rates & change to 28-Mar-2024
 

What are equivalent amounts of SGD and AUD?

Here are some popular conversion amounts for SGD to AUD (Singapore dollar to Australian dollar)*.

SGD AUD
S$ 1 A$ 1.1378
S$ 5 A$ 5.6890
S$ 10 A$ 11.38
S$ 20 A$ 22.76
S$ 50 A$ 56.89
S$ 100 A$ 113.78
S$ 250 A$ 284.45
S$ 500 A$ 568.90
S$ 1,000 A$ 1,138
S$ 2,000 A$ 2,276
S$ 5,000 A$ 5,689
S$ 10,000 A$ 11,378
S$ 20,000 A$ 22,756
S$ 50,000 A$ 56,890
S$ 100,000 A$ 113,780
SGD AUD
S$ 0.8789 A$ 1
S$ 4.3945 A$ 5
S$ 8.7890 A$ 10
S$ 17.58 A$ 20
S$ 43.95 A$ 50
S$ 87.89 A$ 100
S$ 219.73 A$ 250
S$ 439.45 A$ 500
S$ 878.90 A$ 1,000
S$ 1,758 A$ 2,000
S$ 4,395 A$ 5,000
S$ 8,789 A$ 10,000
S$ 17,578 A$ 20,000
S$ 43,945 A$ 50,000
S$ 87,890 A$ 100,000

More amounts

*Converted at the current SGDAUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for SGD to AUD

 

Based on recent exchange rate forecasts and currency market updates, analysts are anticipating a relatively stable trading range for the SGD to AUD exchange rate in the coming months. The Singapore dollar (SGD) is expected to hold steady against the Australian dollar (AUD) as the Monetary Authority of Singapore (MAS) has indicated a preference for unchanged monetary policy. Despite a disappointing January for the SGD, February is projected to see a more stable performance, with the SGD likely to remain in its current range unless there are significant global shocks.

Read our full review of recent SGD to AUD forecasts.

 

How to get a good SGD to AUD exchange rate

There are several ways to save on exchange rates when converting Singapore dollar to Australian dollar:

  1. Shop around for the best SGD/AUD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the SGD/AUD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and AUD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Australian dollar with Singapore dollar, then it's better for the SGD/AUD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Singapore dollar rise against the Australian dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/AUD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.

 
 
 

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What are the limits on Sending Money to and from Australia?

There are no limits on the amount of money that can be sent to or from Australia. However, there may be fees and exchange rates that apply when sending money internationally, and these costs can vary depending on the method of transfer and the country where the money is being sent.

If you are sending a large amount of money to or from Australia, it is a good idea to compare the fees and exchange rates offered by different money transfer providers to find the most cost-effective option.

Read more at our Australia (AUD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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