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SGD to ZAR - Rate Guide

Singapore Dollar to South African Rand 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/Card transactions as shown below.

 

1 SGD = 10.79 ZAR

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SGD to ZAR - Trading Range (90 Day)
1-DAY ▲ 0.6% (2d)
SGD/ZAR at 10.74 is trading near the 90-day average 10.71 with a range 10.38 to 10.99. There are no current rate alerts.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Singapore Dollar to South African Rand

SGD

ZAR

S$ 1
R 10.79
S$ 5
R 53.95
S$ 10
R 107.90
S$ 20
R 215.80
S$ 50
R 539.50
S$ 100
R 1,079
S$ 250
R 2,698
S$ 500
R 5,395
S$ 1,000
R 10,790
S$ 2,000
R 21,580
S$ 5,000
R 53,950
S$ 10,000
R 107,900
S$ 50,000
R 539,500
S$ 100,000
R 1,079,000
More amounts

SGD

ZAR

S$ 0.0927
R 1
S$ 0.4635
R 5
S$ 0.9270
R 10
S$ 1.8539
R 20
S$ 4.6349
R 50
S$ 9.2697
R 100
S$ 23.17
R 250
S$ 46.35
R 500
S$ 92.70
R 1,000
S$ 185.39
R 2,000
S$ 463.49
R 5,000
S$ 926.97
R 10,000
S$ 4,635
R 50,000
S$ 9,270
R 100,000
More amounts

To calculate specific SGD/ZAR amounts use our Convert SGD to ZAR quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
106,852 R10.74S$510.65%
OFX logo
105,400 R10.540 for BER users (normally $15)2%
DBS Bank logo
104,212 R10.44183.1%
OCBC Bank International Money Transfers
OCBC Bank logo
103,554 R10.46S$1003.71%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
103,297 R10.37183.95%
HSBC logo
103,145 R10.33S$154.09%
Citibank International Money Transfers
Citibank logo
102,277 R10.24124.9%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 
TransferWise logo
TransferWise: Foreign Transfer SGD→ZAR
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:10.74 (0.14% from mid-rate)
To Amount (ZAR)106,852 R
Total Cost:0.65%
Time:1:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer SGD→ZAR
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:10.54 (2% from mid-rate)
To Amount (ZAR)105,400 R
Total Cost:2%
Difference:
R1,452 ZAR less than using TransferWise
Time:
Rate Fetched: Thu Feb 20 2020 00:14:43 GMT+0000 (UTC)
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→ZAR
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:10.44 (2.93% from mid-rate)
To Amount (ZAR)104,212 R
Total Cost:3.1%
Difference:
R2,640 ZAR 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→ZAR
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:10.46 (2.74% from mid-rate)
To Amount (ZAR)103,554 R
Total Cost:3.71%
Difference:
R3,298 ZAR 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→ZAR
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:10.35 (3.76% from mid-rate)
To Amount (ZAR)103,297 R
Total Cost:3.95%
Difference:
R3,555 ZAR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→ZAR
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:10.33 (3.95% from mid-rate)
To Amount (ZAR)103,145 R
Total Cost:4.09%
Difference:
R3,707 ZAR 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→ZAR
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:10.24 (4.79% from mid-rate)
To Amount (ZAR)102,277 R
Total Cost:4.9%
Difference:
R4,575 ZAR less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer SGD→ZAR
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (SGD & ZAR)

SingaporeSingapore (SGD)South AfricaSouth Africa (ZAR)

SGD and ZAR in the Markets

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

 

South African Rand (ZAR)

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.

Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.

Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.

With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.

"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.


How to get Best SGD to ZAR Exchange Rates

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 ZAR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the SGD to ZAR exchange rate to the present day for periods going back upto 10 years.

PeriodChange*SGD/ZARDate
1 Day-0.4%10.788518 Feb 2020
7 Day+0.3%10.720112 Feb 2020
30 Day-0.2%10.770220 Jan 2020
3 Month-0.2%10.771821 Nov 2019
1 Year+3.5%10.383319 Feb 2019
5 Year+25.6%8.557620 Feb 2015
10 Year+97.8%5.434121 Feb 2010

*For period to 19-Feb 21UTC when SGD/ZAR was 10.7495

When is the best time to exchange SGD to ZAR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

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.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all SGD Exchange Rates