Understanding the Table:
The comparison table above helps you see the total cost of your Australia Post currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
No margin analysis data available for Australia Post at this time.
Australia Post is an agent for Western Union, as such all the exchange rates and fees you will get from a visit to an Auspost branch to send money overseas will be those of Western Union.
Western Union are really only a good option if you are in a rush or you and/or the recipient do not have bank accounts.
BestExchangeRates recommends:
The best USD to SGD exchange rate is 1.2927 from OFX . This is -0.5% compared to the mid-market rate 1.2992.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above Australia Post - Dollar to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Australia Post and other foreign exchange providers against the latest USD-SGD mid-rate and the possible savings of using various providers.
Looking at the full USD to SGD - Send Money comparison table the provider with the best USD to SGD exchange rate is OFX at 1.2927, -0.5% from the latest mid-market rate 1.2992.
The next best is XE at 1.2914, -0.6% from the mid-rate.
Then Wise at 1.287, which is -0.94% from the mid-rate.
The Western Union rate is 1.2862 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.1913 at -8.3% the Wells Fargo Bank rate is 1.1835 at -8.9% and the Citibank rate is 1.2433 at -4.3% compared to the mid-rate 1.2992.
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 like Australia Post or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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