SGD to AUD Exchange Rates & Currency Deals

   

The AUD is gaining strength against the SGD, currently at 0.8597, up 1.3% from its 3-month average. Analysts point to solid GDP growth and rising inflation in Australia that may prompt RBA rate hikes. In contrast, the SGD faces pressure from external risks and trade tensions.

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What is the best Send Money conversion rate for SGD to AUD?

The best SGD to AUD exchange rate is 1.1575 from Wise. This is -0.35% compared to the mid-market rate 1.1616.

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 Australian dollar (AUD) rates from different sources before making a conversion.

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

How do SGD-AUD rates compare between providers?

Looking at the full SGD to AUD - Send Money comparison table the provider with the best SGD to AUD exchange rate is Wise at 1.1575, -0.35% from the latest mid-market rate 1.1616.

The next best is OFX at 1.1558, -0.5% from the mid-rate.

Then XE at 1.1546, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 1.1368 at -2.1% the OCBC Bank rate is 1.1302 at -2.7% and the Maybank rate is 1.1209 at -3.5% compared to the mid-rate 1.1616.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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.

 

Compare SGD to AUD Transfer Rates