The comparison table above helps you see the total cost of your OFX 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’.
OFX - CAD Rate Margin Analysis
The average CAD rate margin offered by OFX is 3.4%.
This average is based on individual CAD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by OFX for Canadian dollar (CAD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: range-bound, CAD/SGD sits near the 90-day average and in the lower half of the last three months' range, suggesting little directional pressure for...
Bias: bearish-to-range-bound; current level sits below the 90-day average and in the lower half of the three-month range (trading within a defined band),...
CAD/SGD sits near the 90-day avg and in the lower half of the 3-month range, with little directional pressure as oil and policy clues weigh. BoC policy near the lower-to-mid range; MAS eased, narrowing the CAD-SGD gap. Oil near 90-day highs supports CAD; SGD pressured by growth tensions.
Bias
Range-bound, CAD/SGD sits near the 90-day average and in the lower half of the last three months' range, suggesting little directional pressure for now as markets weigh oil and policy clues.
Key drivers
- Rate gap: BoC's stance remains near the lower-to-middle rate, while MAS eased; this narrows the CAD-SGD gap and limits clear moves.
- Risk/commodities: Oil prices near 90-day highs rose to multi-day highs, supporting CAD via Canada’s oil link, while SGD remains influenced by global growth tensions.
- Macro factor: Trade policy uncertainty from U.S. tariffs on steel, aluminum and autos weighs on CAD through weaker export prospects.
Range
CAD/SGD is expected to drift within its recent range, with mild pressure toward the lower end if oil stays volatile and risk appetite stays cautious amid mixed data.
What could change it
- Upside risk: Oil stabilizes at elevated levels and BoC hints at a firmer path, lifting CAD, while SGD faces only modest MAS pressure currently.
- Downside risk: Tariff tensions intensify, export outlook worsens, and MAS remains accommodative, pressuring SGD and CAD lower
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CAD to SGD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Singapore dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
OFX Send Money conversion rate for CAD to SGD?
The OFX CAD to SGD exchange rate is 0.9228. This is -0.5% compared to the latest CAD-SGD mid-market rate 0.9274.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above
OFX - Loonie to Singapore dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest CAD-SGD mid-rate and the possible savings of using various providers.
How do OFX CAD-SGD rates compare between providers?
Looking at the full
CAD to SGD - Send Money comparison table the provider with the best CAD to SGD exchange rate is OFX at 0.9228, -0.5% from the latest mid-market rate 0.9274.
The next best is XE at 0.9218, -0.6% from the mid-rate.
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 OFX or platforms that offer rates closer to the mid-market rate.