AUD to SGD Transfers Compared

   

AUD/SGD currently trading at 0.8397, near 30-day highs. Despite a CPI boost, the AUD faces challenges from recent RBA rate cuts and global market risk. Analysts suggest monitoring economic signals closely, as volatility could impact international transaction costs

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What is the best Send Money conversion rate for AUD to SGD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Singapore dollar (SGD) rates from different sources before making a conversion.

The above Aussie to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest AUD-SGD mid-rate and the possible savings of using various providers. 

How do AUD-SGD rates compare between providers?

The next best is XE at 0.8344, -0.61% from the mid-rate.

Then Wise at 0.834, which is -0.66% from the mid-rate.

The Western Union rate is 0.8311 which is -1% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.8026 at -4.4% the ANZ Bank rate is 0.8100 at -3.5% and the ING Bank rate is 0.8052 at -4.1% compared to the mid-rate 0.8395.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.