Compare & Save on Singapore dollar to Indian rupee FX rates - Check SGD to rupee trends and forecasts.
In this SGD to rupee rate guide:
The Indian rupee has steadily weakened all year (like most currencies) against the US dollar on fears that surging energy prices could spur inflation and interest rate hikes.
India imports most of its oil requirements and higher crude prices tend to push up domestic inflation.
Singapore dollar has risen against most currencies in 2022 (except the strong USD) as the Monetary Authority of Singapore re-centered the currency band higher in April, to combat the rapidly raising rate of inflation in the island state.
Goldman Sachs & RBC both see the Singapore dollar rising the most among Asian currencies, along with Thailand’s baht.
| Date | SGD/INR | Change | Period |
|---|---|---|---|
18 Nov 2022 | 59.24 | 1.6% ▲ | 2 Week |
03 Sep 2022 | 56.85 | 5.9% ▲ | 3 Month |
02 Dec 2021 | 54.76 | 10% ▲ | 1 Year |
03 Dec 2017 | 47.81 | 25.9% ▲ | 5 Year |
04 Dec 2012 | 44.91 | 34.1% ▲ | 10 Year |
07 Dec 2002 | 27.25 | 121% ▲ | 20 Year |
Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest SGD to rupee exchange rate (shown above) or a transaction fee and often both!
The below comparison table makes it easy to calculate the Total Cost you are being charged on SGD to rupee currency rates and the possible savings of using different FX providers.
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 India (INR) |  Singapore (SGD) |
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Generally speaking, if you are buying Indian rupee with Singapore dollar, then it's good 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.
You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to India.
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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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.
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