1 SGD = 0.986 CAD
Sell SGD / Buy CAD Switch
Convert SGD to CAD ⚇ More Charts
What's in this Singapore Dollar to Canadian Dollar guide?
To calculate your own SGD/CAD amounts use our Convert SGD to CAD quick calculator.
Comparing Foreign Exchange Providers
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.
The Exchange rate you are offered can also 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/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Provider | Receive CAD(C$) | Exchange Rate | Fee SGD | Deal Links |
|---|---|---|---|---|
 | C$9,808.72 0.61% | 0.9859 | S$51 | |
 | C$9,790 0.8% | 0.979 | 0 for BER users (normally $15) | |
Banks - Average Rate     Average bank rate | C$9,499 3.75% | 0.9534 | 18 |
Country Guides (SGD & CAD)
 Canada (CAD) |  Singapore (SGD) |
SGD and CAD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the SGD vs CAD, you should pay attention to the recent market trends for both currencies.
Singapore Dollar (SGD)
At the end of March, Singapore's central bank eased its monetary policy, as widely expected, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic.
The MAS said it would adopt a zero percent per annum rate of appreciation of the policy band starting at the prevailing level, currently slightly below the mid-point of the policy band.
The markets viewed this annoucement as showing the MAS has kept some fire-power in reserve and could intervene again to lower the SGD.
NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.
Overall, it was 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.
Read more in the article SGD Forecasts.
Canadian Dollar (CAD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.
The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.
Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.
The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.
Read more in the article CAD Forecasts.
How to get Best SGD to CAD Exchange Rates
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).
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.
What is a good SGD to CAD exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the SGD to CAD exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange SGD to CAD?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
We help you Save Money on Exchange Rates.
View all SGD Exchange Rates
