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SGD/CAD - Convert Compare Save

Singapore Dollar to Canadian 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 Canadian Dollar exchange rate, has news, forecasts and SGD to CAD 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/CAD 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/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive CAD($)Exchange RateFee SGDTotal CostDeal Links
OFX logo
9,664 CAD0.966401.23%
DBS Bank logo
9,555.77 CAD0.9573182.33%
HSBC logo
9,461.79 CAD0.9476$153.29%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
9,455 CAD0.9490183.36%
OCBC Bank International Money Transfers
OCBC Bank logo
9,424.8 CAD0.952$1003.67%
Citibank International Money Transfers
Citibank logo
9,377.73 CAD0.9389124.15%
 
OFX: Foreign Transfer SGD→CAD
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:0.9664 (1.23% from mid-rate)
CAD amount:9,664 CAD
Total Cost:1.23%
Time:
Rate Fetched: Mon Jun 17 2019 23:13:47 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→CAD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.9573 (2.16% from mid-rate)
CAD amount:9,555.77 CAD
Total Cost:2.33%
Difference:
108 CAD 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→CAD
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:0.9476 (3.15% from mid-rate)
CAD amount:9,461.79 CAD
Total Cost:3.29%
Difference:
202 CAD 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→CAD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.9495 (2.95% from mid-rate)
CAD amount:9,455 CAD
Total Cost:3.36%
Difference:
209 CAD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→CAD
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:0.9520 (2.7% from mid-rate)
CAD amount:9,424.8 CAD
Total Cost:3.67%
Difference:
239 CAD 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→CAD
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:0.9389 (4.04% from mid-rate)
CAD amount:9,377.73 CAD
Total Cost:4.15%
Difference:
286 CAD 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 CAD interbank exchange rate = 0.9785

 
 

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/CAD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

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)

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.

 

Canadian Dollar (CAD)

It’s been a mixed bag of late for the Canadian dollar, with geopolitical risks, global interest rates and matters affecting global trade, rather than commodities or Canadian economic data, most influencing CAD rates.

In April and May, the loonie lost out slightly (by roughly 1 percent) against the US dollar and euro, but made small progress against the pound and Australian dollar.

For CAD, investors said in early June that they did not like the recent escalation in US-China trade tensions, which threatens the outlook for global trade and for commodities; nor did they like Washington’s announcement in late May of a 5 percent tariff on all Mexican goods — an illegal move under the new NAFTA 2.0 free-trade deal which some suspect might see the deal torn up.

Read more in the article CAD Forecasts.

Why can't I just get the SGD/CAD 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 / CAD 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