SGD to AUD Transfers Compared

   

AUD has seen sharp declines recently, now at 0.8428 against SGD, influenced by trade surplus surprises but clouded by risk aversion and weak GDP growth. Analysts warn continued economic weakness could push the AUD lower. Stay alert as fluctuations loom from key economic indicators

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

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?

The next best is XE at 1.1797, -0.6% from the mid-rate.

Then Wise at 1.1797, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 1.1398 at -4% the OCBC Bank rate is 1.1548 at -2.7% and the Maybank rate is 1.1453 at -3.5% compared to the mid-rate 1.1868.

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.