Best SGD to INR Exchange Rates - Compare & Save

In this SGD to rupee rate guide:

SGD to INR - Rate Calculator

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

This exchange rate calculator makes it easy to compare the Total Cost you are being charged on SGD to rupee currency rates and the possible savings of using various providers.

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Provider	Amounts	Rate	Total Cost

SGD/INR Analysis

Singapore dollar to Indian rupee FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.

1 SGD = INR

SGD to INR at 61.78 is just above its 3-month average of 61.63, having fluctuated within a 3.5% range of 60.55-62.65

24-MAR 6PM-NY 10PM-LON 25-MAR 6AM-HK 9AM-SYD

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SGD/INR Forecasts

According to recent FX analyst forecasts, there are mixed messages regarding the Singapore dollar's outlook against the Indian rupee in March. While the SGD initially rallied to an 8-year high, it lost its gains after the stronger-than-expected US non-farm payroll figure boosted the US dollar. Moreover, local economic data gave mixed messages with December retail sales being stronger than expected, while Q4 2022 GDP was on the softer side, and Singapore's January core CPI slowed down. Any new evolvements in domestic and global conditions would be highly likely to impact the policy decision in the Monetary Authority of Singapore's (MAS) April meeting, making it worth watching any movement in inflation numbers and global growth outlook.

Looking at the previous 3 months' price data, the SGD to INR exchange rate at 61.80 is just above its 3-month average of 61.63, with fluctuations in a narrow 3.5% range of 60.55-62.65. Therefore, individuals and businesses involved in SGD to INR transactions may benefit from monitoring the exchange rate movements closely and making a decision when the exchange rate suits their needs.

Date	SGD/INR	Change	Period
10 Mar 2023	60.81	1.6% ▲	2 Week
24 Dec 2022	61.13	1.1% ▲	3 Month
24 Mar 2022	56.23	9.9% ▲	1 Year
25 Mar 2018	49.44	25% ▲	5 Year
26 Mar 2013	43.75	41.2% ▲	10 Year
29 Mar 2003	27.30	126.3% ▲	20 Year

SGD/INR historic rates & change to 24-Mar-2023

How to get a good SGD to INR exchange rate

There are several ways to save on exchange rates when converting Singapore dollar to Indian rupee:

Shop around for the best SGD/INR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the SGD/INR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and INR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Indian rupee with Singapore dollar, then it's better for the SGD/INR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Singapore dollar rise against the Indian rupee?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/INR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to India.

Singapore dollar & Indian rupee - Country Guides

India (INR)

Singapore (SGD)

How is the cost of living in India?

The cost of living in India is relatively low compared to developed countries. Basic goods and services cost less than 50% of what they cost in developed nations.

How is the expat life in India?

The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.

Read more at our India (INR) country guide