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SGD to INR - Rate Guide

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.

 

SGD/INR update & alerts

1 SGD = 52.76 INR

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SGD to INR - Trading Range (90 Day)
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SGD/INR at 52.77 is trading 0.6% above the 90-day average 52.47 with a range 51.66 to 53.27. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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SGD/INR Exchange Rates and Providers Compared

This guide to the Singapore Dollar to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to INR 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/INR Quick Calculator.

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 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.

 
  

SGD to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
525,00952.77S$510.6%
OFX logo
513,40051.340 for BER users (normally $15)2.8%
OCBC Bank International Money Transfers
OCBC Bank logo
508,76151.39S$1003.68%
DBS Bank logo
507,68550.86183.88%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
504,32350.62184.52%
HSBC logo
502,64550.34S$154.83%
Citibank International Money Transfers
Citibank logo
498,20149.88125.68%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 
TransferWise logo
TransferWise: Foreign Transfer SGD→INR
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:52.77 (0.09% from mid-rate)
To Amount (INR)525,009
Total Cost:0.6%
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→INR
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:51.34 (2.8% from mid-rate)
To Amount (INR)513,400
Total Cost:2.8%
Difference:
₹11,609 INR less than using TransferWise
Time:
Rate Fetched: Fri Jan 24 2020 00:15:02 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer SGD→INR
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:51.39 (2.7% from mid-rate)
To Amount (INR)508,761
Total Cost:3.68%
Difference:
₹16,248 INR less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer SGD→INR
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:50.86 (3.71% from mid-rate)
To Amount (INR)507,685
Total Cost:3.88%
Difference:
₹17,324 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
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:50.44 (4.5% from mid-rate)
To Amount (INR)504,323
Total Cost:4.52%
Difference:
₹20,686 INR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→INR
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:50.34 (4.69% from mid-rate)
To Amount (INR)502,645
Total Cost:4.83%
Difference:
₹22,364 INR 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→INR
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:49.88 (5.56% from mid-rate)
To Amount (INR)498,201
Total Cost:5.68%
Difference:
₹26,808 INR less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer SGD→INR
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 01/24/2020 - See full table

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