As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above
Royal Bank of Canada - Loonie to Singapore dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Royal Bank of Canada and other foreign exchange providers against the latest CAD-SGD mid-rate and the possible savings of using various providers.
How do Royal Bank of Canada CAD-SGD rates compare between providers?
Looking at the full
CAD to SGD - Send Money comparison table the provider with the best CAD to SGD exchange rate is OFX at 0.9121, -0.5% from the latest mid-market rate 0.9167.
The next best is XE at 0.9112, -0.6% from the mid-rate.
Then Wise at 0.91, which is -0.73% from the mid-rate.
The Western Union rate is 0.903 which is -1.5% from the mid-rate.
Among the banks the TD Bank rate is 0.8736 at -4.7% the Scotiabank rate is 0.8913 at -2.8% and the Royal Bank of Canada rate is 0.8926 at -2.6% compared to the mid-rate 0.9167.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Royal Bank of Canada 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.
