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SGD to NZD - Rate Guide

Singapore Dollar to New Zealand Dollar 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/NZD update & alerts

1 SGD = 1.1234 NZD

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SGD to NZD - Trading Range (90 Day)
90-DAY LOW (3d)
SGD/NZD 90-DAY TREND: At 1.1226 SGD to NZD is trading 2% below the average 1.1454 with a range 1.1189 to 1.1621. There are no current alerts.
09 Dec, 2019 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

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SGD/NZD Exchange Rates and Providers Compared

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

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/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive NZD(NZ$)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
NZ$11,1511.1208S$510.61%
OFX logo
NZ$11,1291.11290 for BER users (normally $15)0.8%
DBS Bank logo
NZ$10,8891.0909182.94%
OCBC Bank International Money Transfers
OCBC Bank logo
NZ$10,8071.0916S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
NZ$10,7911.0831183.81%
HSBC logo
NZ$10,7821.0798S$153.9%
Citibank International Money Transfers
Citibank logo
NZ$10,6861.0699124.75%
 
TransferWise logo
TransferWise: Foreign Transfer SGD→NZD
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:1.1208 (0.1% from mid-rate)
To Amount (NZD) NZ$11,151
Total Cost:0.61%
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→NZD
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.1129 (0.8% from mid-rate)
To Amount (NZD) NZ$11,129
Total Cost:0.8%
Difference:
NZ$22 NZD less than using TransferWise
Time:
Rate Fetched: 1:10 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer SGD→NZD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:1.0909 (2.76% from mid-rate)
To Amount (NZD) NZ$10,889
Total Cost:2.94%
Difference:
NZ$262 NZD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer SGD→NZD
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:1.0916 (2.7% from mid-rate)
To Amount (NZD) NZ$10,807
Total Cost:3.67%
Difference:
NZ$344 NZD 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→NZD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:1.0820 (3.56% from mid-rate)
To Amount (NZD) NZ$10,791
Total Cost:3.81%
Difference:
NZ$360 NZD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→NZD
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:1.0798 (3.75% from mid-rate)
To Amount (NZD) NZ$10,782
Total Cost:3.9%
Difference:
NZ$369 NZD 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→NZD
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:1.0699 (4.63% from mid-rate)
To Amount (NZD) NZ$10,686
Total Cost:4.75%
Difference:
NZ$465 NZD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/10/2019 - See full table

SGD and NZD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs NZD, 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.

 

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

For more details read the full article NZ dollar news and forecasts.

Read more in the article NZD Forecasts.

Why can't I just get the SGD/NZD 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 / NZD 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