Loading...

Home pages - full list (A-Z)

SGD/CHF - Convert Compare Save

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

 

SGD to CHF International Money Transfers

  

Foreign Transfer ProvidersReceive CHF(Fr)Exchange RateFee SGDTotal CostDeal Links
OFX logo
6,928 CHF0.69280 for BER users (normally $15)1.94%
DBS Bank logo
6,849.65 CHF0.6862183.05%
OCBC Bank International Money Transfers
OCBC Bank logo
6,805.26 CHF0.6874S$1003.68%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
6,790 CHF0.6815183.9%
HSBC logo
6,781.81 CHF0.6792S$154.01%
Citibank International Money Transfers
Citibank logo
6,721.92 CHF0.673124.86%
 
OFX: Foreign Transfer SGD→CHF
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:0.6928 (1.94% from mid-rate)
CHF amount:6,928 CHF
Total Cost:1.94%
Time:
Rate Fetched: Sun Aug 18 2019 23:14:04 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→CHF
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.6862 (2.87% from mid-rate)
CHF amount:6,849.65 CHF
Total Cost:3.05%
Difference:
78 CHF less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→CHF
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:0.6874 (2.7% from mid-rate)
CHF amount:6,805.26 CHF
Total Cost:3.68%
Difference:
123 CHF less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→CHF
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.6806 (3.67% from mid-rate)
CHF amount:6,790 CHF
Total Cost:3.9%
Difference:
138 CHF less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→CHF
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:0.6792 (3.86% from mid-rate)
CHF amount:6,781.81 CHF
Total Cost:4.01%
Difference:
146 CHF less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→CHF
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:0.6730 (4.74% from mid-rate)
CHF amount:6,721.92 CHF
Total Cost:4.86%
Difference:
206 CHF less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

SGD to CHF interbank exchange rate = 0.7084

 
 

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/CHF exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and CHF in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs CHF, 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.

 

Swiss Franc (CHF)

The Swiss National Bank continues to reaffirm its commitment to an ultra-loose monetary policy, which includes negative interest rates and a willingness to intervene in FX markets, as part of an effort to spark inflation in the economy.

The SNB will be unhappy, therefore, with the franc’s strength in May.

Between April-23 and May-24 (the day of this report), the franc was the best performing G10 currency; it gained 2.2 percent against the euro, taking EUR/CHF back towards Fr1.12 and close to long-term lows (franc highs).

May’s strength reflected worsening sentiment towards the global economy, driven by a significant escalation in US-China trade tensions. As a safe haven, the franc typically gains value during tough times and sinks when investors gain confidence.

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