SGD to CAD Transfers Compared

   

CAD to SGD is currently at 0.9297, near 7-day highs, despite bearish sentiment and rising short positions. Analysts highlight that weak employment data and potential BoC rate cuts contribute to uncertainty. Oil price volatility may also impact CAD's trajectory

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

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?

The next best is XE at 1.07, -0.59% from the mid-rate.

Then Wise at 1.07, which is -0.59% from the mid-rate.

Among the banks the CIMB Bank rate is 1.0366 at -3.7% the OCBC Bank rate is 1.0474 at -2.7% and the Maybank rate is 1.0387 at -3.5% compared to the mid-rate 1.0764.

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.