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SGD/EUR - Convert Compare Save

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

 

SGD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee SGDTotal CostDeal Links
OFX logo
6,458 EUR0.64580 for BER users (normally $15)0.8%
DBS Bank logo
6,288.66 EUR0.63183.4%
OCBC Bank International Money Transfers
OCBC Bank logo
6,270.66 EUR0.6334S$1003.68%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
6,239 EUR0.6262184.16%
HSBC logo
6,226.65 EUR0.6236S$154.35%
Citibank International Money Transfers
Citibank logo
6,171.59 EUR0.6179125.2%
 
OFX: Foreign Transfer SGD→EUR
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:0.6458 (0.8% from mid-rate)
EUR amount:6,458 EUR
Total Cost:0.8%
Time:
Rate Fetched: 1:15 Local
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→EUR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.6300 (3.23% from mid-rate)
EUR amount:6,288.66 EUR
Total Cost:3.4%
Difference:
169 EUR less than using OFX
Time:1:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→EUR
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:0.6334 (2.7% from mid-rate)
EUR amount:6,270.66 EUR
Total Cost:3.68%
Difference:
187 EUR less than using OFX
Time:1:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→EUR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.6249 (4.01% from mid-rate)
EUR amount:6,239 EUR
Total Cost:4.16%
Difference:
219 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→EUR
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:0.6236 (4.21% from mid-rate)
EUR amount:6,226.65 EUR
Total Cost:4.35%
Difference:
231 EUR less than using OFX
Time:1:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→EUR
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:0.6179 (5.08% from mid-rate)
EUR amount:6,171.59 EUR
Total Cost:5.2%
Difference:
286 EUR less than using OFX
Time:1:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

SGD to EUR interbank exchange rate = 0.651

 
 

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/EUR exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and EUR in the Markets

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

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

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