SGD to CAD Transfers Compared

   

The CAD is under pressure, trading at 0.9205 SGD, 1% below its 3-month avg, as rate cut expectations and low oil prices weigh heavily. Analysts warn further declines could be expected if oil trends continue. Stay informed for any impact on transactions or hedge strategies

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What is the best Send Money conversion rate for SGD to CAD?

The best SGD to CAD exchange rate is 1.0834 from Wise. This is -0.23% compared to the mid-market rate 1.0859.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Singapore dollar to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-CAD mid-rate and the possible savings of using various providers. 

How do SGD-CAD rates compare between providers?

Looking at the full SGD to CAD - Send Money comparison table the provider with the best SGD to CAD exchange rate is Wise at 1.0834, -0.23% from the latest mid-market rate 1.0859.

The next best is OFX at 1.0805, -0.5% from the mid-rate.

Then XE at 1.0794, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 1.0385 at -4.4% the OCBC Bank rate is 1.0566 at -2.7% and the Maybank rate is 1.0479 at -3.5% compared to the mid-rate 1.0859.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.