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SGD to INR - Compare Exchange Rates

Singapore Dollar to Indian Rupee - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare SGD/INR Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for SGD/INR International Money Transfers. Costs are calculated against the amount when SGD is converted to INR at mid-rate.

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Foreign Transfer Providers
Ratings & Reviews
Receive INR(₹)Exchange RateFee SGDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TransferWise logo
510,782 INR51.34$510.6%Bank Transfers - Online, Foreign Currency Accounts1-2 days
 
OFX logo
502,500 INR50.2502.21%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
496,804 INR49.77183.32%Online, Branch, Bank Transfers2-3 days
OCBC Bank International Money Transfers
OCBC Bank logo
495,000 INR50$1003.67%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
492,820 INR49.46184.1%Online, Branch, Bank Transfers2-3 days
HSBC logo
491,961 INR49.27$154.26%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
487,514 INR48.81125.13%Online, Branch, Bank Transfers2-3 days
TransferWise: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:$51 SGD (0.5% + $1)
Exchange Rate:51.34 (0.09% from mid-rate)
INR amount:510,782 INR
Total Cost:0.6%
Time:1:10 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:50.25 (2.21% from mid-rate)
INR amount:502,500 INR
Total Cost:2.21%
Difference:
8,282 INR less than using TransferWise
Time:
Rate Fetched: Tue Apr 23 2019 00:14:57 GMT+0000 (UTC)
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→INR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:49.77 (3.15% from mid-rate)
INR amount:496,804 INR
Total Cost:3.32%
Difference:
13,978 INR less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:50 (2.7% from mid-rate)
INR amount:495,000 INR
Total Cost:3.67%
Difference:
15,782 INR 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→INR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:49.37 (3.93% from mid-rate)
INR amount:492,820 INR
Total Cost:4.1%
Difference:
17,962 INR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→INR
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:49.27 (4.12% from mid-rate)
INR amount:491,961 INR
Total Cost:4.26%
Difference:
18,821 INR less than using TransferWise
Time:1:10 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:48.81 (5.02% from mid-rate)
INR amount:487,514 INR
Total Cost:5.13%
Difference:
23,268 INR less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

SGD to INR interbank exchange rate = 51.4056

Right now the SGD/INR interbank exchange rate is 51.4056. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Indian Rupee to Singapore Dollar.

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that you will not be able to purchase the currency before departure and will 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

This SGD/INR Converter calculates equivalent Singapore Dollar to Indian Rupee amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

SGD / INR converter & margin calculator


$SGD
₹INR
Mid-rates:
 

Foreign Transfers Travel Money

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SGD/INR exchange rates for:

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Singapore Dollar

Indian Rupee

1 SGD 51.41 INR
5 SGD 257.03 INR
10 SGD 514.06 INR
20 SGD 1,028.11 INR
50 SGD 2,570.28 INR
100 SGD 5,140.56 INR
250 SGD 12,851.40 INR
500 SGD 25,702.80 INR
1,000 SGD 51,405.60 INR
2,000 SGD 102,811.20 INR
5,000 SGD 257,028.00 INR
10,000 SGD 514,056.00 INR
50,000 SGD 2,570,280.00 INR
100,000 SGD 5,140,560.00 INR
See more

Singapore Dollar

Indian Rupee

0.0195 SGD 1 INR
0.0973 SGD 5 INR
0.1945 SGD 10 INR
0.3891 SGD 20 INR
0.9727 SGD 50 INR
1.9453 SGD 100 INR
4.8633 SGD 250 INR
9.7265 SGD 500 INR
19.45 SGD 1,000 INR
38.91 SGD 2,000 INR
97.27 SGD 5,000 INR
194.53 SGD 10,000 INR
972.65 SGD 50,000 INR
1,945.30 SGD 100,000 INR
See more

INR Country Guides
IndiaIndia

Singapore Dollar to Indian Rupee (SGD-INR) - 10 Year History

The below table shows the historic variation in the SGD/INR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of SGD versus other currencies : SGD historical charts.

DateExchange RatePeriodChange
23 Apr 201951.3842Latest
16 Apr 201951.32741 Week+0.11%
24 Mar 201951.12391 Month+0.51%
25 Oct 201853.03846 Months-3.12%
23 Apr 201850.21051 Year+2.34%
23 Apr 201746.41052 Years+10.72%
24 Apr 201448.57405 Years+5.79%
25 Apr 200933.460410 Years+53.57%

Why can't I just get the SGD/INR market rate I see on Google or in the Media?

The SGD/INR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the SGD / INR was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market SGD/INR midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good SGD to INR exchange rate

  1. Know the latest SGD/INR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Singapore Dollar and Indian Rupee

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the SGD vs INR, you should pay attention to both Singapore Dollar and Indian Rupee news and forecasts.

Singapore Dollar (SGD) - Market news and forecasts

2019 has begun steadily for the Singapore dollar. In the third week of April, SGD is little changed (<1 percent) on the year against both the US dollar (S$1.356) and Australian dollar (S$0.97), but it continues to impress against the euro, relative to which it has strengthened by 2.5 percent year-to-date to S$1.524—near its strongest level in 2 years. A big-picture view shows SGD trading sideways against the pound since late 2016, now at S$1.763. SGD reached a 17-month high against the Malaysian ringgit in April, at RM3.073.

With core inflation at a 9-month low in the lead-up to this report and quarterly economic growth at a 2-year low, it’s likely that the Monetary Authority of Singapore will keep monetary policy unchanged when it next meets in October.

According to TradingEconomics.com, the Singapore dollar is likely to be worth S$1.37 per US dollar in 12 months’ time (April 2020).

Indian Rupee (INR) - Market news and forecasts

In the second week of March, the rupee was little changed on the year (<1 percent difference) against the dollar at rates near ₹70. It was, however, considerably higher than its record low of ₹74.52, achieved in October. The rupee hasn’t done badly in 2019 considering the 23 percent rise in the price of oil (India’s biggest import). Political uncertainty (never good for a currency’s valuation) is likely to emerge as we approach May’s election. A tough battle is expected for current Indian Prime Minister Narendra Modi and his Bharatiya Janata Party. Should the BJP be defeated, “the rupee could potentially spike to 74,” a Radobank economist said. In March, the Economic Times reported the results of a poll of 50 foreign exchange experts, who collectively estimated a year-end USD/INR rate of ₹71.3. This differed from January’s forecast from the Fitch ratings agency, which said it expects ₹75 on the basis of further current account deterioration and tighter financing conditions.