What is the
CurrencyFair Send Money conversion rate for SGD to ZAR?
The CurrencyFair SGD to ZAR exchange rate is 13.22. This is -0.83% compared to the latest SGD-ZAR mid-market rate 13.33.
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 South African rand (ZAR) rates from different sources before making a conversion.
The above
CurrencyFair - Singapore dollar to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
CurrencyFair and other foreign exchange providers against the latest SGD-ZAR mid-rate and the possible savings of using various providers.
How do CurrencyFair SGD-ZAR rates compare between providers?
Looking at the full
SGD to ZAR - Send Money comparison table the provider with the best SGD to ZAR exchange rate is OFX at 13.26, -0.53% from the latest mid-market rate 13.33.
The next best is XE at 13.25, -0.6% from the mid-rate.
Then CurrencyFair at 13.22, which is -0.83% from the mid-rate.
Among the banks the CIMB Bank rate is 12.79 at -4.1% the OCBC Bank rate is 12.97 at -2.7% and the Maybank rate is 12.86 at -3.5% compared to the mid-rate 13.33.
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 CurrencyFair or platforms that offer rates closer to the mid-market rate.