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SGD/GBP - Convert Compare Save

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

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee SGDTotal CostDeal Links
OFX logo
5,840 GBP0.5840 for BER users (normally $15)0.8%
DBS Bank logo
5,717.69 GBP0.5728182.88%
OCBC Bank International Money Transfers
OCBC Bank logo
5,670.72 GBP0.5728S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
5,665 GBP0.5686183.77%
HSBC logo
5,661.5 GBP0.567S$153.83%
Citibank International Money Transfers
Citibank logo
5,611.26 GBP0.5618124.68%
 
OFX: Foreign Transfer SGD→GBP
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:0.5840 (0.8% from mid-rate)
GBP amount:5,840 GBP
Total Cost:0.8%
Time:
Rate Fetched: 1:08 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→GBP
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.5728 (2.7% from mid-rate)
GBP amount:5,717.69 GBP
Total Cost:2.88%
Difference:
122 GBP 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→GBP
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:0.5728 (2.7% from mid-rate)
GBP amount:5,670.72 GBP
Total Cost:3.67%
Difference:
169 GBP 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→GBP
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.5682 (3.48% from mid-rate)
GBP amount:5,665 GBP
Total Cost:3.77%
Difference:
175 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→GBP
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:0.5670 (3.69% from mid-rate)
GBP amount:5,661.5 GBP
Total Cost:3.83%
Difference:
178 GBP 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→GBP
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:0.5618 (4.57% from mid-rate)
GBP amount:5,611.26 GBP
Total Cost:4.68%
Difference:
229 GBP less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/24/2019 - See full table

SGD to GBP interbank exchange rate = 0.5891

 
 

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/GBP exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and GBP in the Markets

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

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

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