Understanding the Table:
The comparison table above helps you see the total cost of your Citibank 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’.
The Citibank SGD to CNY exchange rate is 5.3444. This is -4.7% compared to the latest SGD-CNY mid-market rate 5.6103.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Chinese yuan (CNY) rates from different sources before making a conversion.
The above Citibank - Singapore dollar to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest SGD-CNY mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best SGD to CNY exchange rate is 5.5767 from Wise, -0.6% from the mid-market rate 5.6103. The next best rate is 5.5542 from WorldRemit, -1% from the mid-rate. Then OFX with 5.4229 is -3.3% from the mid-rate.
Among the banks the CIMB Bank rate is 5.3163 at -5.2% the OCBC Bank rate is 5.4589 at -2.7% and the Maybank rate is 5.414 at -3.5% compared to the mid-rate 5.6103.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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.
The SGD/CNY exchange rate is currently experiencing notable volatility, driven by recent developments in the global trade landscape and the respective economic...
The exchange rate forecasts for the SGD to USD have been significantly influenced by recent geopolitical developments, particularly the imposition of a 10% tariff...
The USD to CNY exchange rate has recently shown fluctuations, with the USD experiencing pressure following a lackluster inflation report from the U.S.
View a full list of exchange rates by selecting your Base (from) currency: