Loading...

Home pages - full list (A-Z)

SGD to CNY - Rate Guide

Singapore Dollar to Chinese Yuan 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.

 

SGD/CNY update & alerts

1 SGD = 5.1517 CNY

Sell SGD - Buy CNY  Invert

SGD to CNY - Trading Range (90 Day)
30-DAY HIGH (2d)
SGD/CNY 90-Day Trend: At 5.1471 SGD to CNY is trading near the average 5.1655 with a range 5.1388 to 5.1987. There are no current alerts.
13 Dec, 2019 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

More Charts

SGD/CNY Exchange Rates and Providers Compared

This guide to the Singapore Dollar to Chinese Yuan exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to CNY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our SGD/CNY Quick Calculator.

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/CNY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

SGD to CNY International Money Transfers

  

Foreign Transfer ProvidersReceive CNY(¥)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
¥51,2035.1465S$510.61%
OCBC Bank International Money Transfers
OCBC Bank logo
¥49,6255.0126S$1003.67%
OFX logo
¥49,2324.92320 for BER users (normally $15)4.44%
DBS Bank logo
¥48,6764.8764185.51%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
¥48,5684.8747185.73%
HSBC logo
¥48,1994.8271S$156.44%
Citibank International Money Transfers
Citibank logo
¥47,7704.7827127.27%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 
TransferWise logo
TransferWise: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:5.1465 (0.1% from mid-rate)
To Amount (CNY) ¥51,203
Total Cost:0.61%
Time:1:22 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:5.0126 (2.7% from mid-rate)
To Amount (CNY) ¥49,625
Total Cost:3.67%
Difference:
¥1,578 CNY less than using TransferWise
Time:1:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:4.9232 (4.44% from mid-rate)
To Amount (CNY) ¥49,232
Total Cost:4.44%
Difference:
¥1,971 CNY less than using TransferWise
Time:
Rate Fetched: Sat Dec 14 2019 01:14:44 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:4.8764 (5.34% from mid-rate)
To Amount (CNY) ¥48,676
Total Cost:5.51%
Difference:
¥2,527 CNY less than using TransferWise
Time:1:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:4.8369 (6.11% from mid-rate)
To Amount (CNY) ¥48,568
Total Cost:5.73%
Difference:
¥2,635 CNY less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:4.8271 (6.3% from mid-rate)
To Amount (CNY) ¥48,199
Total Cost:6.44%
Difference:
¥3,004 CNY less than using TransferWise
Time:1:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:4.7827 (7.16% from mid-rate)
To Amount (CNY) ¥47,770
Total Cost:7.27%
Difference:
¥3,433 CNY less than using TransferWise
Time:1:22 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer SGD→CNY
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/14/2019 - See full table

SGD and CNY in the Markets

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

 

Chinese Yuan (CNY)

In early August the offshore yuan surged to a decade high of 7.05 per US dollar, breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks.

Trade tensions have ramped up again since May when President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.

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