Maybank SGD to CAD Transfers Compared

   

CAD is trading at 0.9367 against SGD, up 1.0% from the 3-month average of 0.9275. Analysts attribute this strength to a lower unemployment rate (6.5%) and robust Q3 growth (2.6%). Traders should monitor oil prices and MAS's policy adjustments as key influences moving forward

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What is the Maybank Send Money conversion rate for SGD to CAD?

The Maybank SGD to CAD exchange rate is 1.0312. This is -3.5% compared to the latest SGD-CAD mid-market rate 1.0686.

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 Canadian dollar (CAD) rates from different sources before making a conversion.

The above Maybank - Singapore dollar to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest SGD-CAD mid-rate and the possible savings of using various providers. 

How do Maybank SGD-CAD rates compare between providers?

Looking at the full SGD to CAD - Send Money comparison table the provider with the best SGD to CAD exchange rate is Wise at 1.0647, -0.36% from the latest mid-market rate 1.0686.

The next best is OFX at 1.0633, -0.5% from the mid-rate.

Then XE at 1.0622, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 1.0348 at -3.2% the OCBC Bank rate is 1.0398 at -2.7% and the Maybank rate is 1.0312 at -3.5% compared to the mid-rate 1.0686.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank 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.