OCBC Bank SGD to USD Transfers Compared

   

USD/SGD is currently at 1.2858, above the 3-month avg. Analysts predict ongoing USD weakness due to a poor jobs report and potential Fed easing. With Singapore's economy stabilizing, currency exchange strategies should factor in these economic shifts

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

The OCBC Bank SGD to USD exchange rate is 0.7584. This is -2.7% compared to the latest SGD-USD mid-market rate 0.7795.

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

How do OCBC Bank SGD-USD rates compare between providers?

The next best is XE at 0.7748, -0.6% from the mid-rate.

Then Wise at 0.7748, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 0.7517 at -3.6% the OCBC Bank rate is 0.7584 at -2.7% and the Maybank rate is 0.7522 at -3.5% compared to the mid-rate 0.7795.

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