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SGD/INR - Convert Compare Save

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

 
Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee SGDTotal CostDeal Links
OFX logo
491,600 INR49.160 for BER users (normally $15)2.78%
OCBC Bank International Money Transfers
OCBC Bank logo
487,080 INR49.2S$1003.67%
DBS Bank logo
486,123 INR48.7183.86%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
482,877 INR48.47184.51%
HSBC logo
481,277 INR48.2S$154.82%
Citibank International Money Transfers
Citibank logo
477,027 INR47.76125.66%
 
OFX: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:49.16 (2.78% from mid-rate)
INR amount:491,600 INR
Total Cost:2.78%
Time:
Rate Fetched: Mon Jul 22 2019 00:14:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:49.2 (2.7% from mid-rate)
INR amount:487,080 INR
Total Cost:3.67%
Difference:
4,520 INR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:48.7 (3.69% from mid-rate)
INR amount:486,123 INR
Total Cost:3.86%
Difference:
5,477 INR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:48.3 (4.48% from mid-rate)
INR amount:482,877 INR
Total Cost:4.51%
Difference:
8,723 INR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:48.2 (4.68% from mid-rate)
INR amount:481,277 INR
Total Cost:4.82%
Difference:
10,323 INR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:47.76 (5.55% from mid-rate)
INR amount:477,027 INR
Total Cost:5.66%
Difference:
14,573 INR less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

SGD to INR interbank exchange rate = 50.6269

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards

 
 

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/INR exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and INR in the Markets

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

 

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

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