What are the DBS Bank rates for other currencies?
The table below shows DBS Bank Singapore dollar (SGD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
DBS Bank Send Money Exchange Rates Learn more about DBS Remit
DBS Bank has received numerous awards and accolades over the years for its banking and financial services, including being named "World's Best Bank" by Euromoney and "Asia's Best Bank" by The Banker. The bank is recognized for its commitment to innovation, sustainability, and social responsibility, as well as its focus on providing a seamless and personalized customer experience.
DBS Remit is an online money transfer service offered by DBS Bank that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in multiple currencies and allows for same-day or next-day transfers, making it a convenient and fast option for sending money internationally.
DBS Remit offers competitive exchange rates and low fees, making it an affordable option for sending money overseas. Customers can also benefit from preferential exchange rates for selected currencies, which can help them save money on their international money transfers.
DBS Remit is available in a range of countries and regions, including Southeast Asia, China, Hong Kong, Taiwan, India, Australia, New Zealand, Europe, the United Kingdom, and the United States. The service allows customers to send money to over 40 countries and regions worldwide, including the Philippines, Indonesia, Malaysia, Thailand, Vietnam, China, Hong Kong, Taiwan, India, the United States, and the United Kingdom.
To use DBS Remit, customers need to have a DBS or POSB account and access to DBS's online banking platform or mobile app. Customers can initiate the transfer online and track the status of their transfer through the platform. DBS Bank also provides customer support to assist customers with any questions or concerns related to their DBS Remit transactions.
Overall, DBS Remit is a reliable and convenient option for sending money internationally, with competitive exchange rates and low fees. As it operates in multiple countries and regions, it provides a flexible and accessible solution for customers looking to send money overseas.
What is the
DBS Bank Send Money conversion rate for SGD to IDR?
The DBS Bank SGD to IDR exchange rate is 12345.68. This is - compared to the latest SGD-IDR mid-market rate 12,651.
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 Indonesian rupiah (IDR) rates from different sources before making a conversion.
The above
DBS Bank - Singapore dollar to Rupiah comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
DBS Bank and other foreign exchange providers against the latest SGD-IDR mid-rate and the possible savings of using various providers.
How do DBS Bank SGD-IDR rates compare between providers?
Looking at the
full comparison table
the best SGD to IDR exchange rate is 12575.27 from XE. The next best rate is 12575.27 from Wise. Then WorldRemit with 12524.66.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like DBS Bank 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.