What is the
Citibank Send Money conversion rate for SGD to INR?
The Citibank SGD to INR exchange rate is 63.48. This is -5% compared to the latest SGD-INR mid-market rate 66.79.
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 Indian rupee (INR) rates from different sources before making a conversion.
The above
Citibank - Singapore dollar to Rupee 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-INR mid-rate and the possible savings of using various providers.
How do Citibank SGD-INR rates compare between providers?
Looking at the
full comparison table
the best SGD to INR exchange rate is 66.39 from XE, -0.6% from the mid-market rate 66.79. The next best rate is 66.39 from Wise, -0.6% from the mid-rate. Then WorldRemit with 66.12 is -1% from the mid-rate.
Among the banks the CIMB Bank rate is 63.15 at -5.4% the OCBC Bank rate is 64.99 at -2.7% and the Maybank rate is 64.45 at -3.5% compared to the mid-rate 66.79.
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.
Compare SGD to INR Transfer Rates