Comparing SGD to INR Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale SGD/INR rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for SGD to INR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Singapore Dollar to Indian Rupee - Quick Conversions
|
SGD |
INR |
| S$ 1 |
₹ 55.04 |
| S$ 5 |
₹ 275.20 |
| S$ 10 |
₹ 550.40 |
| S$ 20 |
₹ 1,101 |
| S$ 50 |
₹ 2,752 |
| S$ 100 |
₹ 5,504 |
| S$ 250 |
₹ 13,760 |
| S$ 500 |
₹ 27,520 |
| S$ 1,000 |
₹ 55,040 |
| S$ 2,000 |
₹ 110,080 |
| S$ 5,000 |
₹ 275,200 |
| S$ 10,000 |
₹ 550,400 |
| S$ 50,000 |
₹ 2,752,000 |
| S$ 100,000 |
₹ 5,504,000 |
| More amounts |
Calculate other SGD/INR amounts (from or to) at mid-market with our
SGD to INR Calculator .
Singapore Dollar and Indian Rupee - Market News
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’s trade-reliant economy is teetering on the brink of a recession as the coronavirus pandemic weakens global trade and consumer spending.
There’s increased chance that the Monetary Authority of Singapore (MAS) could start to push the Singapore dollar lower via direct market interventions (ie the central bank actively buying and selling the Singapore dollar).
Get more details in the article Singapore Dollar Forecasts.
Indian Rupee (INR)
INR gained more than 2% in 3Q, despite having an economy ravaged by 6.6 million coronavirus infections. The support for the Indian rupee comes from a rare current account surplus, and billions of dollars in inflows.
Get more details in the article Indian Rupee Forecasts.
Country Guides - Indian Rupee
How to get Best SGD to INR Exchange Rates
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.
Reduce Excessive costs and fees
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).
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.
What is a good SGD to INR exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore Dollar vs Indian Rupee current value is to look the SGD/INR historic rate and change over a range of periods.
The following table looks at the change in the SGD to INR exchange rate over periods from the previous week back to the last 10 years.
| SGD/INR | Change | Period |
|---|
| 55.1341 24 Nov 2020 | 0.4% ▼ | 1 Week |
| 54.5716 01 Nov 2020 | 0.6% ▲ | 30 Days |
| 53.7557 02 Sep 2020 | 2.1% ▲ | 90 Days |
| 52.4150 02 Dec 2019 | 4.7% ▲ | 1 Year |
| 47.7073 03 Dec 2015 | 15.1% ▲ | 5 Years |
| 34.5612 04 Dec 2010 | 58.9% ▲ | 10 Years |
SGD/INR 10 year historic rates & change to 01-Dec-2020 : 54.9046
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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.