SGD to CAD Transfers Compared

   

The CAD is trading at a 14-day high near 0.9289 against the SGD, boosted by rising oil prices and strong GDP growth of 2.6% in Q3. However, a projected uptick in unemployment and a recent interest rate cut by the Bank of Canada could add volatility. Analysts suggest closely monitoring these trends for future movements

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

The best SGD to CAD exchange rate is 1.0685 from Wise. This is -0.36% compared to the mid-market rate 1.0724.

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 Canadian dollar (CAD) rates from different sources before making a conversion.

The above Singapore dollar to Loonie 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-CAD mid-rate and the possible savings of using various providers. 

How do SGD-CAD rates compare between providers?

Looking at the full SGD to CAD - Send Money comparison table the provider with the best SGD to CAD exchange rate is Wise at 1.0685, -0.36% from the latest mid-market rate 1.0724.

The next best is OFX at 1.0671, -0.49% from the mid-rate.

Then XE at 1.066, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 1.0347 at -3.5% the OCBC Bank rate is 1.0435 at -2.7% and the Maybank rate is 1.0349 at -3.5% compared to the mid-rate 1.0724.

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.