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SGD/NZD - Convert Compare Save

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.

 

This resource page for the Singapore Dollar to New Zealand Dollar exchange rate, has news, forecasts and SGD to NZD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

SGD/NZD Exchange Rates - How to Compare & Save

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($)Exchange RateFee SGDTotal CostDeal Links
OFX logo
11,152 NZD1.11520 for BER users (normally $15)0.8%
DBS Bank logo
10,896 NZD1.0916183.08%
OCBC Bank International Money Transfers
OCBC Bank logo
10,829 NZD1.0938S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
10,802 NZD1.0841183.92%
HSBC logo
10,789 NZD1.0805S$154.03%
Citibank International Money Transfers
Citibank logo
10,693 NZD1.0706124.88%
 
OFX: Foreign Transfer SGD→NZD
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:1.1152 (0.8% from mid-rate)
NZD amount:11,152 NZD
Total Cost:0.8%
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→NZD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:1.0916 (2.9% from mid-rate)
NZD amount:10,896 NZD
Total Cost:3.08%
Difference:
256 NZD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→NZD
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:1.0938 (2.7% from mid-rate)
NZD amount:10,829 NZD
Total Cost:3.67%
Difference:
323 NZD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→NZD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:1.0827 (3.69% from mid-rate)
NZD amount:10,802 NZD
Total Cost:3.92%
Difference:
350 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→NZD
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:1.0805 (3.89% from mid-rate)
NZD amount:10,789 NZD
Total Cost:4.03%
Difference:
363 NZD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→NZD
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:1.0706 (4.77% from mid-rate)
NZD amount:10,693 NZD
Total Cost:4.88%
Difference:
459 NZD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

SGD to NZD interbank exchange rate = 1.1239

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on SGD/NZD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

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.

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