GBP to SGD update: As of now, the GBP is under pressure at 1.7100, 1.2% below the 3M avg. Analysts warn of potential rate cuts from the BoE, raising concerns about the GBP. In contrast, the SGD shows stability with solid GDP growth. Monitor for central bank updates

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What is the best Send Money conversion rate for SGD to GBP?

The best SGD to GBP exchange rate is 0.5809 from Wise. This is -0.34% compared to the mid-market rate 0.5829.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to British pound (GBP) rates from different sources before making a conversion.

The above Singapore dollar to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-GBP mid-rate and the possible savings of using various providers. 

How do SGD-GBP rates compare between providers?

Looking at the full SGD to GBP - Send Money comparison table the provider with the best SGD to GBP exchange rate is Wise at 0.5809, -0.34% from the latest mid-market rate 0.5829.

The next best is OFX at 0.58, -0.5% from the mid-rate.

Then XE at 0.5794, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 0.5503 at -5.6% the OCBC Bank rate is 0.5672 at -2.7% and the Maybank rate is 0.5625 at -3.5% compared to the mid-rate 0.5829.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare SGD to GBP Transfer Rates