Best SGD to CAD Exchange Rates - Compare & Save

In this SGD to CAD rate guide:

SGD to CAD - Rate Calculator

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

This exchange rate calculator makes it easy to compare the Total Cost you are being charged on SGD to CAD currency rates and the possible savings of using various providers.

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Provider	Amounts	Rate	Total Cost

SGD/CAD Analysis

Singapore dollar to Canadian dollar FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.

1 SGD = CAD

SGD to CAD at 1.0356 is 2.1% above its 3-month average of 1.014, having fluctuated within a 3.3% range of 1.0027-1.0356

24-MAR 6PM-NY 10PM-LON 25-MAR 6AM-HK 9AM-SYD

Sell SGD → Buy CAD

Track Rate

1 CAD = 0.9656 SGD

90-DAY▲HIGH

1-DAY▲+0.8%2d

SGD/CAD Forecasts

FX analysts expect that the Canadian dollar may face headwinds in March, as economic growth slows below expectations, and inflation remains elevated globally. While the SGD to CAD rate has fluctuated within a 3.2% range of 1.0027-1.0347 in the previous 3 months, the SGD to CAD rate at 1.0341 is currently 2.0% above its 3-month average of 1.0137. However, mixed messages from local economic data in Singapore and global inflation climate have weakened the SGD, leading to the pair's recent decline. Any new developments in domestic and global conditions could impact the policy decision of the Monetary Authority of Singapore (MAS) in their April meeting, making it worth monitoring any movement in inflation numbers and global growth outlook. Overall, if you are looking to make an international money transfer involving SGD to CAD, it's essential to monitor the exchange rate closely and make a decision when the rate is most beneficial for your needs.

Date	SGD/CAD	Change	Period
10 Mar 2023	1.0275	0.8% ▲	2 Week
24 Dec 2022	1.0097	2.6% ▲	3 Month
24 Mar 2022	0.9224	12.3% ▲	1 Year
25 Mar 2018	0.9795	5.7% ▲	5 Year
26 Mar 2013	0.8197	26.3% ▲	10 Year
29 Mar 2003	0.8292	24.9% ▲	20 Year

SGD/CAD historic rates & change to 24-Mar-2023

How to get a good SGD to CAD exchange rate

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

Shop around for the best SGD/CAD 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.
Timing is important: Keep an eye on the SGD/CAD 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.
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.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and CAD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
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 Canadian dollar with Singapore dollar, then it's better for the SGD/CAD 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 Canadian 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/CAD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Canada.

Singapore dollar & Canadian dollar - Country Guides

Canada (CAD)

Singapore (SGD)

Here are a few things to consider when sending money to Canada:

Fees: Different banks and money transfer services charge different fees for international money transfers. Shop around to find the best deal and compare the fees charged by different providers.
Exchange rate: The exchange rate is the rate at which one currency is converted into another. Keep an eye on the exchange rate when sending money to Canada, as it can fluctuate and impact the amount of money you receive.
Transfer speed: Some money transfer providers offer faster transfer speeds than others. If you need the money to arrive in Canada quickly, consider a provider that offers expedited transfer speeds for an additional fee.
Read more at our Canada (CAD) country guide