Maybank SGD to USD Transfers Compared

   

USD to SGD has seen increased volatility, currently at 1.2828, influenced by a weak US payroll report and market expectations for Fed easing. Analysts predict further movement as inflation data and US-China trade talks develop. Stay alert for shifts as policies evolve

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

The Maybank SGD to USD exchange rate is 0.7525. This is -3.5% compared to the latest SGD-USD mid-market rate 0.7798.

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 US dollar (USD) rates from different sources before making a conversion.

The above Maybank - Singapore dollar to Dollar 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-USD mid-rate and the possible savings of using various providers. 

How do Maybank SGD-USD rates compare between providers?

The next best is XE at 0.7752, -0.59% from the mid-rate.

Then Wise at 0.7752, which is -0.59% from the mid-rate.

Among the banks the CIMB Bank rate is 0.7523 at -3.5% the OCBC Bank rate is 0.7588 at -2.7% and the Maybank rate is 0.7525 at -3.5% compared to the mid-rate 0.7798.

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.