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SGD to GBP - Rate Guide

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.

 

SGD/GBP update & alerts

1 SGD = 0.5712 GBP

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SGD to GBP - Trading Range (90 Day)
30-DAY HIGH (6d)
SGD/GBP at 0.571 is trading 0.5% above the 90-day average 0.568 with a range 0.553 to 0.5933. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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SGD/GBP Exchange Rates and Providers Compared

This guide to the Singapore Dollar to British Pound Sterling exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to GBP 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/GBP 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/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
£5,672.920.5702S$510.61%
OFX logo
£5,6620.56620 for BER users (normally $15)0.81%
DBS Bank logo
£5,5450.5555182.86%
OCBC Bank International Money Transfers
OCBC Bank logo
£5,498.460.5554S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
£5,4940.5514183.75%
HSBC logo
£5,490.750.5499S$153.81%
Citibank International Money Transfers
Citibank logo
£5,441.460.5448124.67%
 
TransferWise logo
TransferWise: Foreign Transfer SGD→GBP
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:0.5702 (0.11% from mid-rate)
To Amount (GBP) £5,672.92
Total Cost:0.61%
Time:1:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer SGD→GBP
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.5662 (0.81% from mid-rate)
To Amount (GBP) £5,662
Total Cost:0.81%
Difference:
£11 GBP less than using TransferWise
Time:
Rate Fetched: 1:10 Local
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→GBP
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:0.5555 (2.68% from mid-rate)
To Amount (GBP) £5,545
Total Cost:2.86%
Difference:
£128 GBP less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer SGD→GBP
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:0.5554 (2.7% from mid-rate)
To Amount (GBP) £5,498.46
Total Cost:3.67%
Difference:
£174 GBP less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer SGD→GBP
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:0.5510 (3.47% from mid-rate)
To Amount (GBP) £5,494
Total Cost:3.75%
Difference:
£179 GBP less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→GBP
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:0.5499 (3.66% from mid-rate)
To Amount (GBP) £5,490.75
Total Cost:3.81%
Difference:
£182 GBP less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer SGD→GBP
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:0.5448 (4.56% from mid-rate)
To Amount (GBP) £5,441.46
Total Cost:4.67%
Difference:
£231 GBP less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/20/2020 - See full table

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)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

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